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BULLETIN: NRG Energy's Capital Investment Plan Does Not Affect Rating
Standard & Poors, June 2006
Abstract
NEW YORK (Standard & Poor's) June 22, 2006--Standard & Poor's Rating Services said today that NRG Energy Inc.'s (B+/Stable/B-2) plan to pursue the development of 10,000 MW over 10 years does not affect the rating on the company at this juncture. The plan could add 8,000 MW, net of asset retirements, to an existing portfolio of 24,885 MW and could require up to $16 billion of capital investment. We view NRG's plan as ambitious. As acknowledged by the company, the plan is at a fairly early stage and the extent of implementation remains uncertain. NRG's financial commitment will likely be shielded from the $16 billion cost of full execution because NRG plans to seek partners for the development program. Moreover,...
Companies mentioned in this report are: NRG Energy Inc.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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