GenOn Energy's CEO Presents At NRG And GenOn To Merge Conference (Transcript)

GenOn Energy, Inc. (GEN)

NRG and GenOn to Merge Conference Call

July 23, 2012 9:00 am ET


Chad Plotkin – Investor Relations, NRG Energy, Inc.

David Crane – President and Chief Executive Officer, NRG Energy, Inc.

Edward R. Muller – Chairman and Chief Executive Officer, GenOn Energy, Inc.

Anne M. Cleary – Senior Vice President, Asset Management, GenOn Energy, Inc.

Kirkland Andrews – Executive Vice President and Chief Financial Officer, NRG Energy, Inc.


Greg Gordon – ISI Group

Neil Mehta – Goldman Sachs Group Inc.

Angie Storozynski – Macquarie Research

Steve Fleishman – Bank of America/Merrill Lynch

Julien Dumoulin-Smith – UBS

Paul Patterson – Glenrock Associates LLC

Michael J. Lapides – Goldman Sachs & Co.

Keith T. Stanley – Deutsche Bank Securities, Inc.

Ali Agha – Suntrust Robinson Humphrey

James L. Dobson – Wunderlich Securities, Inc.

Brian Russo – Ladenburg Thalmann & Company


David Crane

I’m sorry that there are not enough chairs, it’s hard to know how (inaudible) to show up on, morning on short notice in the middle of summer. But we appreciate everyone taking the time to join us today, because we’re very excited about today. We really think this is – we’re here today to talk about the transaction that we announced yesterday, which we really think is a seminal transaction in the history of our industry, a very significant milestone in that. We think between GenOn and NRG, we’ve created the leading competitive energy provider in the industry with the largest and best portfolio multi-fuel across the merit order, exceptionally strong asset portfolios in the three premier regional competitive markets in the United States and for us, it creates a foundation of conventional generation, which is going to allow us to grow the business in a way that is without equal in the industry.

So, we're very excited about this and I hope that – we've got a presentation for you – for the people listening via phone, I assume that this is available online as well. We are going to go through it fairly quickly because we want to be able to answer everyone’s questions. And certainly if there are any concerns or comments you want to make, we will look forward to hearing that. So (inaudible) if you want to – we have a Safe Harbor statement here or an (inaudible) either way, I'm not going to read it, but I may assume that everyone is familiar with the contents of it.

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