NRG Energy Reports Year-To-Date Net Capital Expenditures For Small Retail Book Acquisitions
November 8, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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In reporting earnings for the third quarter of 2019 (see earnings story from yesterday here), NRG Energy also reported its year-to-date net capital expenditures for the acquisition of small retail energy books
The amount for "small" retail book acquisitions does not include expenditures related to the acquisition of Stream's retail energy business, for which 2019 capital allocation by NRG is $326 million.
An NRG media representative confirmed to EnergyChoiceMatters.com that NRG's net capital expenditures for retail small book acquisitions was approximately $30 million for year-to-date 2019
Although not delineated by retail book name in NRG's quarterly materials, as first reported by EnergyChoiceMatters.com, in 2019 NRG has acquired books from LifeEnergy, Pro Power Providers, LLC d/b/a Circular Energy, and American Light & Power