Princeton

While it is pursuing a reduced carbon power generation portfolio that includes a bold nuclear power plant play, Princeton, NJ-based NRG Energy, Inc.’s aggressive 10,000 MW, $15.9 billion long-term development plan is weighted toward an expectation that most of its new megawatts will come from natural gas- and clean coal-fired generation with a healthy dose of wind, according to a presentation Tuesday by CEO David Crane at NRG’s first day-long conference for financial analysts.

Firm in its rejection of unsolicited takeover moves by a fellow merchant power generator, Princeton, NJ-based NRG Energy, Inc. late last Monday asked Delaware’s Chancery Court to dismiss a complaint filed last month by Mirant Corp, the would-be acquirer of NRG. Mirant sued over NRG’s staunch rejection of its proposed buyout offer as being undervalued and offering a weak stock.

Princeton, NJ-based NRG Energy Inc. and Houston-based Texas Genco LLC Sunday announced they entered into a definitive agreement for NRG to acquire the outstanding equity of Texas Genco for $5.8 billion, including $4 billion cash and $1.8 billion in common and preferred stock. In addition, NRG said it will assume $2.5 billion of Texas Genco’s debt. The announcement came a scant six months after the partnership of investment firms holding Texas Genco bought the merchant generating unit from CenterPoint Energy for $3.65 billion.