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BRIEF-Nrg Energy Inc Says Withdrawing Prior Financial Guidance Due To Current Uncertainties

· 03/17/2021 06:37
BRIEF-Nrg Energy Inc Says Withdrawing Prior Financial Guidance Due To Current Uncertainties

- NRG Energy Inc NRG.N:

  • NRG ENERGY, INC. FINANCIAL UPDATE ON WINTER STORM URI IMPACTS

  • NRG ENERGY INC - WINTER STORM URI EXPECTED TO HAVE A MORE SIGNIFICANT IMPACT ON COMPANY'S 2021 RESULTS

  • NRG ENERGY INC - WITHDRAWING PRIOR FINANCIAL GUIDANCE DUE TO CURRENT UNCERTAINTIES

  • NRG ENERGY INC - LEGISLATIVE ACTIONS AND RESULTING IMPACTS REMAIN UNCERTAIN

  • NRG ENERGY INC - WINTER STORM URI'S FINANCIAL IMPACT IS ESTIMATED TO BE A $750 MILLION LOSS COMPARED TO PRIOR GUIDANCE RANGE PROVIDED ON MARCH 1, 2021

  • NRG ENERGY INC - IMPACT IS DRIVEN BY INCREASED UPLIFT CHARGES TO LOAD RECEIVED FROM ERCOT

  • NRG ENERGY INC - FINANCIAL IMPACT IS DRIVEN BY ELEMENTS RECEIVED FROM ERCOT WHICH INCLUDES LATEST SYSTEM-WIDE DEFAULT OF $3.1 BILLION

  • NRG ENERGY INC - IMPACT IS DRIVEN BY ANCILLARY AND OTHER ESTIMATES INCLUDING RESULTS IN OTHER REGIONS

  • NRG ENERGY INC - AS OF MARCH 15, 2021, NRG HAD $3.3 BILLION OF LIQUIDITY AVAILABLE TO CONTINUE TO SUPPORT ITS OPERATIONS.

  • NRG ENERGY INC - COMPANY'S DEBT REDUCTION PROGRAM MAY EXTEND INTO 2022

  • NRG ENERGY INC - DURING FEBRUARY, COMPANY MAXIMIZED AVAILABLE GENERATING CAPACITY & BROUGHT IN ADDITIONAL RESOURCES TO SUPPLEMENT IN-STATE STAFF

  • NRG ENERGY INC - UNABLE TO PROVIDE FINANCIAL GUIDANCE DUE TO UNPRECEDENTED & UNPREDICTABLE MARKET OUTCOMES RESULTING FROM WINTER STORM URI

  • NRG ENERGY INC - FULL FINANCIAL IMPACT OF WINTER STORM URI STILL REMAINS UNCERTAIN

Source text for Eikon: ID:nBw14LC5ga

Further company coverage: NRG.N


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