The US Department of Justice and the Federal Trade Commission have granted NRG Energy, Inc. (NYSE:NRG) early termination of the Hart-Scott-Rodino Act waiting period related to NRG’s proposed acquisition of the Texas retail business of Reliant Energy Inc. (NYSE:RRI).  NRG expects to close the $287.5 million deal during the second quarter of 2009.  That is, NRG expects to close the deal unless Exelon Corp. (NYSE:EXC) trumps it by acquiring NRG.  Shares in all three companies are down marginally this morning.

Paul Ausick
April 1, 2009