Turbulent decade of merchant M&A led to NRG/GenOn deal

摘要

The long-expected announcement Julyn22 that NRG Energy Inc. plans to buy GenOnnEnergy Inc. in an $18 billion deal will likelynlead to the creation of a new company withngeneration assets spanning the U.S. But thenmerger’s significance also stems from thencolorful history of the two companies, bothnof which have emerged from a tumultuousndecade for the independent power producernsector that was characterized by furiousngeneration development, commoditynvolatility, unsolicited acquisition bids andnbankruptcy.