Power – The Media Pub News (TM)

Hurricane Zeta: Widespread damage leaves 1 million without power

Zeta was the fifth named storm to hit Louisiana during a busy and brutal hurricane season. Its strong winds caused widespread power outages in Louisiana, Mississippi, Alabama and Georgia.

Hundreds of thousands of people were without electricity in states across the South on Thursday as Hurricane Zeta barraged through the region with powerful winds, shredding homes and businesses and knocking down trees.

The storm moved quickly, making landfall on the Louisiana coast as a Category 2 hurricane on Wednesday afternoon. Before the night was over, officials on the coast had already begun assessing the extent of the damage and deploying workers to begin restoring power.

But by Thursday morning, about 400,000 customers in Louisiana were without electricity, according to Entergy Louisiana, while at least 600,000 across Georgia, 494,000 in Alabama, 277,000 across North Carolina and more than 83,000 in Mississippi were also without power.

— NYT: Top Stories

NRG Energy, Inc. announces quarterly dividend

PRINCETON, N.J.–(BUSINESS WIRE)–NRG Energy, Inc. (NYSE:NRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.30 per share, or $1.20 per share on an annualized basis. The dividend is payable on August 17, 2020 to stockholders of record as of August 3, 2020.

About NRG Energy

At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, and by working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy, @nrginsight.

Safe Harbor

This communication contains forward-looking statements that may state NRG’s or its management’s intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as “will,” “expect,” “estimate,” “anticipate,” “forecast,” “plan,” “believe” and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally.

Contacts

Investors:
Kevin L. Cole, CFA

609.524.4526

investor.relations@nrg.com

Media:
Candice Adams

609.524.5428

candice.adams@nrg.com