Case Study: GenOn Energy achieves rapid post-merger shareholder value and 73% of cost synergies with PowerPlan

GenOn Rapidly Realizes Shareholder Value with PowerPlan

GenOn Energy, Inc., formed by the merger of Mirant and RRI, needed an asset-centric CWIP, fixed-asset and tax solution to quickly realize post‑merger shareholder value and consolidate processes into the chosen SAP ERP. To meet tight timelines and capture the merger’s cost synergies, GenOn selected PowerPlan’s suite of solutions for its advanced asset-centric functionality, certified SAP integration and rapid deployability.

PowerPlan augmented SAP to automate vintaged asset records, capitalized interest, asset retirement obligations, and state/federal tax workflows, eliminating hundreds of spreadsheets and manual steps. PowerPlan completed the implementation and SAP integration in four months; as a result GenOn achieved 73% of its targeted post‑merger cost synergies, improved reporting and compliance, and dramatically reduced time spent on field operations, accounting and tax.

GenOn Energy