NRG Energy (NRG) Trargets $1.07B Recurring Cost and Margin Improvements
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NRG Energy Launches Transformation Plan
July 12, 2017 7:00 AM EDTPRINCETON, N.J.--(BUSINESS WIRE)-- NRG Energy, Inc. (NYSE: NRG) today announced its Transformation Plan.
The Transformation Plan Targets:
$1.065 Billion Recurring Cost and Margin Improvements, including: $855 Million Recurring Annual Free Cash Flow before Growth (FCFbG) Accretive Improvements $210 Million Permanent SG&A Reduction from Asset Sales and Divestments $2.5-$4.0 Billion Targeted Asset Sale Net Cash Proceeds, plus Removal of $13 Billion Total Debt From Balance SheetPro Forma Effect of Transformation Plan1:
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