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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.

Write to the Editorial Department at editorial@njbiz.com

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