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NRG subsidiary prepares to launch IPO

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NRG Energy Inc., of Princeton, announced Friday its wholly owned subsidiary, NRG Yield Inc., has filed a registration statement in anticipation of a proposed initial public offering of the Class A common stock of NRG Yield.

According to an announcement, NRG Yield was formed by NRG to own and operate a diversified portfolio of long-term contracted renewable energy, conventional generation facilities and thermal infrastructure assets in the United States. Following the offering, NRG is expected to retain a majority voting interest in NRG Yield and a corresponding economic interest in its subsidiaries. The number of shares to be offered and the price range for the offering have not yet been determined.

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