NRG to Split Off Renewable Businesses, Pay Down Debt

NRG Energy Inc. is scaling behind the desirous renewable-energy skeleton to concentration on the normal power-generation business in hopes of bolstering the change piece and slumping stock.

The association on Friday announced a extended reorder that it pronounced would preserve $1 billion of collateral in 2016, income it could use to start shortening the roughly $20 billion in long-term debt. The devise includes relocating the consumer-focused solar-power…

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