NRG Energy sells ROFO pipeline assets to NRG Yield

Client(s) NRG Energy, Inc.

Jones Day represented NRG Energy, Inc. in the sale to NRG Yield of NRG’s interest in the following ROFO pipeline assets: 527 MW Carlsbad Energy Center and 154 MW Buckthorn Solar for cash proceeds of $407 million, subject to certain adjustments. This transaction is one of three sales transactions that also include the sale of NRG's south central power generating business to Cleco Corporate Holdings LLC and the disposition to Global Infrastructure Partners of NRG's interest in NRG Yield, Inc.(NYLD), its renewables platform and its ROFO pipeline. When completed, these deals will result in the receipt by NRG of approximately $2.8 billion in cash proceeds and the removal from the company of approximately $7 billion in debt.