Mirant MIR
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New Morningstar Analyst Report - GenOn Energy
… GenOn redeemed a $535 million legacy Mirant note in 2011 with cash, cutting down ..... independent power producer when he joined Mirant as it was heading out of bankruptcy in ..... created by the December 2010 merger of Mirant and RRI Energy. Our high fair value uncertainty …
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New Morningstar Analyst Report - NRG Energy
… from the volatile wholesale power markets. NRG's current management team twice has rejected acquisition efforts. In 2006, Mirant --now part of GenOn Energy GEN--offered $7.9 billion, a 30% premium at the time. Then in October 2008, management …
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New Morningstar Analyst Report - Southern
… international power like so many of its peers in the late 1990s. The company's eventual spin-off of troubled subsidiary Mirant in 2001 was a nice feat of timing before the Enron collapse. Since then, management has operated Southern's nonregulated …
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GenOn Energy: The Energy Asset Play Value Investors Have Been Looking For
… other market services to wholesale electricity customers in the United States. Recently formed by the merger of RRI Energy and Mirant Energy in December of 2010, the stock price has been battered since inception. There have been some recent bright spots …
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Option Spotlight: Plug Into the Stability of Utilities
… hungry Mid-Atlantic and Northeast regions and also in California. The company was created by the December 2010 merger of Mirant and RRI Energy. We think GenOn Energy offers compelling upside. Its power plants occupy strategic locations in supply constrained …
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A serial retiree to study retirement…… breeze through the filings shows that this isn’t Burns’ first run at retirement. In 2005, Burns “retired” from Mirant , and received another plush package, according to this agreement . A year earlier — in 2004 — Burns “retired” from …
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A Utility Merger With Upside… announced that they were merging with Mirant , another unregulated utility. At the ..... of all, big picture question: RRI and Mirant are both unregulated utilities. What ..... its sort of deceiving to call RRI and Mirant un regulated generators because they have …
ago, RRI Energy, an unregulated utility, announced that they were merging with Mirant , another unregulated utility. At the time, I wrote this option strategy, a bullish option strategy on RRI, and I just wanted to ask you a little bit about that. Barnett : Sure. Kobayashi-Solomon : First of all, big picture question: RRI and Mirant are both unregulated utilities. What's the difference between an unregulated and a regulated utility? Barnett : That's a good place to start.: Exactly. And while its sort of deceiving to call RRI and Mirant un regulated generators because they have to deal with environmental regulations, the power markets still operate under the overview of state governmentsand it's taken many a company down. Kobayashi-Solomon : So RRI and Mirant have announced they're going to merge. Can you tell me a little bit more about this merger? Barnett : Sure. Kobayashi-Solomon : -
GenOn's COO Mark Jacobs Steps Down, Leaving Potential Power Vacuum
… chairman Edward Muller into the CEO role in 2013. Jacobs, who was president and CEO of RRI Energy prior to the merger with Mirant that created GenOn, has extensive experience within the power industry. Prior to his role at RRI, he was a managing director …
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Our Outlook for Utilities Stocks
… at year-end 2010 enhances its financial flexibility. GenOn Energy GEN GenOn's creation from the December 2010 merger of Mirant and RRI Energy gives investors a diversified portfolio of power plants and upside from management's projected merger synergies …
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GenOn Provides First Guidance as Consolidated Company Above Our 2011 and 2012 Estimates
… the reverse merger, results for 2010 included 11 months of Mirant 's results as a stand-alone company and one month of the ..... our estimate. Based on the information provided, the legacy Mirant and RRI assets generated higher-than-forecast EBITDA, which …