NRG Yield, Inc. Announces Pricing of Offering of Class A Common Stock

NRG Yield, Inc. (NYSE: NYLD) ("NRG Yield" or the "Company") today announced it has priced the previously announced public offering of 10,500,000 shares of its Class A common stock at a price of $54.00 per share. In addition, the underwriters have a 30-day option to purchase up to an additional 1,575,000 shares of common stock from the Company at the public offering price.

The Company intends to use all of the net proceeds of the offering to acquire newly issued Class A units of NRG Yield LLC (“Yield LLC”). Yield LLC intends to use the net proceeds of the offering, together with cash on hand and the proceeds from newly issued debt securities to fund the aggregate $870 million cash purchase price of the previously announced acquisition of the Alta Wind Facility (the “Alta Acquisition”). However, the offering is not conditioned upon the completion of the Alta Acquisition, and, to the extent the Alta Acquisition is not completed, Yield LLC will use the net proceeds from the offering for general corporate purposes, including to fund other acquisition opportunities that may become available to the Company.

BofA Merrill Lynch, Citigroup, Morgan Stanley, Barclays and Goldman, Sachs & Co. are acting as joint book runners for the offering. Credit Suisse, Deutsche Bank Securities, KeyBanc Capital Markets, MUFG and RBC Capital Markets are acting as co-managers.

The offering of Class A common stock will be made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained from BofA Merrill Lynch at 222 Broadway, New York, NY 10038, Attn: Prospectus Department or by emailing [e-mail]; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email [e-mail], telephone [phone]; Morgan Stanley, Morgan Stanley Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling 1.888.603.5847 or by emailing [e-mail]; or Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: [phone], facsimile: 1.212.902.9316 or by emailing [e-mail].