UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
NRG ENERGY, INC.
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(Name of Issuer)
Common Stock, $0.01 Par Value Per Share
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(Title of Class of Securities)
629377508
---------
(CUSIP Number)
December 31, 2005
-----------------
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 11
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CUSIP No. 629377508 13G Page 2 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ---------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ----- ---------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 1,437,000* (see Item 4)
PERSON ----- ---------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
----- ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,437,000* (see Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,437,000* (see Item 4)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.8% (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 11
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CUSIP No. 629377508 13G Page 3 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Management, LLC
---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
---------- --------------------------------------------------------------------
3 SEC USE ONLY
---------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ---------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ---------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 1,437,000* (see Item 4)
PERSON ------ ---------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,437,000* (see Item 4)
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,437,000* (see Item 4)
---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.8% (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 3 of 11
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CUSIP No. 629377508 13G Page 4 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CR Intrinsic Investors, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ---------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ---------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 1,000,000 (see Item 4)
PERSON ------ ---------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,000,000 (see Item 4)
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,000,000 (see Item 4)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.2% (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 11
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CUSIP No. 629377508 13G Page 5 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sigma Capital Management, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ---------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ---------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 0 (see Item 4)
PERSON ------ ---------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 (see Item 4)
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 4)
---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0% (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 5 of 11
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CUSIP No. 629377508 13G Page 6 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------- ------ ---------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ---------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 2,437,000* (see Item 4)
PERSON ------ ---------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,437,000* (see Item 4)
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,437,000* (see Item 4)
---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.0% (see Item 4)
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 6 of 11
ITEM 1(a) NAME OF ISSUER:
NRG Energy, Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
211 Carnegie Center
Princeton, New Jersey 08540
ITEMS 2(a) NAME OF PERSON FILING:
This statement is filed by: (i) S.A.C. Capital Advisors, LLC, ("SAC Capital
Advisors") with respect to shares of common stock, $.01 par value per share
("Shares") beneficially owned by S.A.C. Capital Associates, LLC ("SAC Capital
Associates"), S.A.C. Arbitrage Fund, LLC ("SAC Arbitrage"), S.A.C. MultiQuant
Fund, LLC ("SAC MultiQuant") and S.A.C. Select Fund, LLC ("SAC Select"); (ii)
S.A.C. Capital Management, LLC, ("SAC Capital Management") with respect to
Shares beneficially owned by SAC Capital Associates, SAC Arbitrage, SAC
MultiQuant, and SAC Select; (iii) CR Intrinsic Investors, LLC ("CR Intrinsic
Investors") with respect to Shares beneficially owned by CR Intrinsic
Investments, LLC ("CR Intrinsic Investments"); (iv) Sigma Capital Management,
LLC ("Sigma Capital Management") with respect to Shares beneficially owned by
Sigma Capital Associates, LLC ("Sigma Capital Associates"); and (v) Steven A.
Cohen with respect to Shares beneficially owned by SAC Capital Advisors, SAC
Capital Management, SAC Capital Associates, SAC Arbitrage, SAC MultiQuant, SAC
Select, CR Intrinsic Investors, CR Intrinsic Investments, Sigma Capital
Management and Sigma Capital Associates.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The address of the principal business office of (i) SAC Capital Advisors, CR
Intrinsic Investors and Mr. Cohen is 72 Cummings Point Road, Stamford,
Connecticut 06902 and (ii) SAC Capital Management and Sigma Capital Management
is 540 Madison Avenue, New York, New York 10022.
ITEM 2(c) CITIZENSHIP:
SAC Capital Advisors, SAC Capital Management, CR Intrinsic Investors and Sigma
Capital Management are Delaware limited liability companies. Mr. Cohen is a
United States citizen.
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share
Page 7 of 11
ITEM 2(e) CUSIP NUMBER:
629377508
ITEM 3 Not Applicable
ITEM 4 OWNERSHIP:
The percentages used herein are calculated based upon the Shares issued and
outstanding as of November 3, 2005 as reported on the Issuer's quarterly report
on Form 10-Q filed with the Securities and Exchange Commission by the Issuer
for the quarterly period ended September 30, 2005, plus Shares issuable upon
conversion of the Issuer's 4% Convertible Perpetual Preferred Stock held by SAC
Arbitrage as described below.
As of the close of business on December 30, 2005:
1. S.A.C. Capital Advisors, LLC
(a) Amount beneficially owned: 1,437,000*
(b) Percent of class: 1.8%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,437,000*
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 1,437,000*
2. S.A.C. Capital Management, LLC
(a) Amount beneficially owned: 1,437,000*
(b) Percent of class: 1.8%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,437,000*
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 1,437,000*
3. CR Intrinsic Investors, LLC
(a) Amount beneficially owned: 1,000,000
(b) Percent of class: 1.2%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,000,000
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 1,000,000
4. Sigma Capital Management, LLC
(a) Amount beneficially owned: -0-
(b) Percent of class: 0%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: -0-
Page 8 of 11
5. Steven A. Cohen
(a) Amount beneficially owned: 2,437,000*
(b) Percent of class: 3.0%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 2,437,000*
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 2,437,000*
* The number of shares reported herein includes 200,000 shares issuable upon
conversion of 8000 shares of the Issuer's 4% Convertible Perpetual Preferred
Stock.
SAC Capital Advisors, SAC Capital Management, Sigma Capital Management, CR
Intrinsic Investors and Mr. Cohen own directly no Shares. Pursuant to
investment agreements, each of SAC Capital Advisors and SAC Capital Management
share all investment and voting power with respect to the securities held by
SAC Capital Associates, SAC Arbitrage and SAC MultiQuant. Pursuant to an
investment management agreement, Sigma Capital Management maintains investment
and voting power with respect to the securities held by Sigma Capital
Associates. Pursuant to an investment management agreement, CR Intrinsic
Investors has investment and voting power with respect to the securities held
by CR Intrinsic Investments. Mr. Cohen controls each of SAC Capital Advisors,
SAC Capital Management, Sigma Capital Management. CR Intrinsic Investments is a
wholly owned subsidiary of SAC Capital Associates. By reason of the provisions
of Rule 13d-3 of the Securities Exchange Act of 1934, as amended, each of (i)
SAC Capital Advisors, SAC Capital Management and Mr. Cohen may be deemed to own
beneficially 1,437,000 Shares (constituting approximately 1.8% of the Shares
outstanding), (ii) CR Intrinsic Investors and Mr. Cohen may be deemed to own
beneficially 1,000,000 Shares (constituting approximately 1.2% of the Shares
outstanding) and (iii) Sigma Capital Management and Mr. Cohen may be deemed to
own beneficially 0 Shares. Each of SAC Capital Advisors, SAC Capital
Management, CR Intrinsic Investors, Sigma Capital Management and Mr. Cohen
disclaim beneficial ownership of any of the securities covered by this
statement, and SAC Capital Associates disclaims beneficial ownership of any of
the securities held by CR Intrinsic Investments.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following. |_|
Page 9 of 11
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not Applicable
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY
BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
ITEM 10 CERTIFICATION:
By signing below the signatory certifies that, to the best of his
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
Page 10 of 11 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 2006
S.A.C. CAPITAL ADVISORS, LLC
By: /s/ Peter Nussbaum
----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
CR INTRINSIC INVESTORS, LLC
By: /s/ Peter Nussbaum
----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
SIGMA CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 11 of 11 Pages