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NRG Energy (NRG) Aims To Save $1B From Transformation Plans

NRG Energy (NRG - Free Report) has announced its ambitious transformation plan, which is aimed to save nearly $1.065 billion through recurring cost cuts and margin improvements. The plan also calls for divestment of assets in the range of $2.5–$4 billion and usage of the net proceeds to strengthen its balance sheet by repayment of a debt of $13 billion.

The company, with its cost-savings initiatives, expansion of renewable portfolio and latest transformation plan, is geared up for further growth from the present levels.

Objective of This Transformation

The primary objective of this transformative initiative is to strengthen the balance sheet of NRG Energy from the current levels and at the same time create value for the shareholders.

At present, the net debt of the company is nearly $18 billion. The total Debt/Capital ratio stands at 82.8%, much higher than the


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