NRG Energy aims to divest up to $4B in assets as part of new transformation plan

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NRG Energy Inc. (NYSE: NRG) announced a “transformation plan” on July 12 that includes selling up $4 billion worth of assets, among other efforts. The announcement comes after NRG shook up its board of directors in February in response to activist investors and after the company entered into a restructuring support agreement to divest its ownership interest in its GenOn Energy Inc. subsidiary last month. The transformation plan includes $1.065 billion in recurring cost and margin improvements,…


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