NRG Reduces Capital Spending for 2017, Shifts Focus to Natural Gas, Renewables
SUGAR LAND--March 1, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--NRG Energy Incorporated (NYSE:NRG) (Princeton, New Jersey) swam toward the surface in 2016 as it reported a net loss much smaller than the previous year and looked forward to major projects set to wrap up this year. The loss was driven by a $1.2 billion impairment of goodwill and fixed assets, as commodity prices continued their downward trend. Nonetheless, the company reported stronger results from its coal-to-gas and renewable energy projects. Industrial Info is tracking $4.12 billion in active projects involving NRG.
Within this article: Details on NRG's outlook for the year and some of its most anticipated projects, including those in the natural gas, renewable and nuclear fields.
