Case Study
GenOn Rapidly Realizes Shareholder Value with PowerPlan
In order to meet their goal to rapidly create post-merger shareholder value, GenOn needed an asset-centric project, accounting and tax solution. They selected PowerPlan’s suite of solutions for its advanced functionality, ease of integration to SAP and ability to implement for the merged company in a matter of months. After successfully meeting the merger deadline, GenOn has further improved accounting processes that will support corporate growth as well as compliance with future accounting standards. Challenge: Quickly Creating Post-Merger Shareholder Value GenOn Energy, Inc. (NYSE: GEN) was formed through the merger of Mirant Corporation and RRI Energy, Inc. With power-generation facilities located in key regions of the country across 12 states and a generation portfoli