NRG Energy (NRG +1.1%) opens higher after closing its purchase of rival GenOn Energy (GEN) in an...

|About: NRG Energy, Inc. (NRG)|By:, SA News Editor

NRG Energy (NRG +1.1%) opens higher after closing its purchase of rival GenOn Energy (GEN) in an all-stock deal valued at ~$1.7B, creating the largest competitive-rate power company in the U.S. The companies have said they expect their combination to bring $300M/year in savings.