PRINCETON, N.J.--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE:NRG) has closed on the previously announced sale of NRG South Central Generating LLC (South Central) to Cleco Corporate Holdings LLC (Cleco) for $1 billion in cash, prior to adjustments pursuant to the terms of the Purchase and Sale Agreement entered into on February 7, 2018.

“The closing of the South Central transaction marks the achievement of yet another fundamental milestone in our transformation,” said Mauricio Gutierrez, President and Chief Executive Officer, NRG. “With the majority of our asset sales program complete, we continue to focus on capital allocation, cost excellence and margin enhancement across our businesses.”

About NRG

At NRG, we’re redefining power by putting customers at the center of everything we do. We create value by generating electricity and serving nearly 3 million residential and commercial customers through our portfolio of retail electricity brands. A Fortune 500 company, NRG delivers customer-focused solutions for managing electricity, while enhancing energy choice and 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.