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On the estimated ISOs. the have slide, right-hand we year-on-year loads changes weather-normalized of across in side the
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believe to retail. be and the a that former I through will before, long-term to stated medium to challenge I latter be near-term manage a for As the opportunity we competitive
look a this Slide to past ERCOT. X in summer at closer for Now move let's
but extreme July by left The events month. On limited and hurricane were to mixed, the above lower an with and normal, slightly top degree conditions we demand. below through cooling well This resulted with September, August chart, days in show normal summer heat active due the season. system-wide
plant on power performance. the impact the of slide, you the to prices coupled bottom left lower see from can moving Now strong COVID-XX, demand power than with year-over-year
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underpins over of the pricing. conditions. recessionary stability now low factors, our different real-time have under pricing forwards three one saw real-time pricing. low saw real-time in past predictability high saw very more This distress. the what in demonstrated XXXX forwards confidence offer both the business market with We low And is summers and model. strength our with and business including example volatile just customers of XXXX XXXX of financial our
for the be closer to X platform as Energy perfecting efforts acquisition; know, customer. in and Direct our our an the last our on four over years, Slide platform to evolving Moving ongoing to we you the update been have
our During streamlined and foundation. a this allocation of and establish our an balance time, we simplified portfolio, a sheet, capital achieved transparent part made integral sustainability compelling strong framework and
reflect our our streamline and we stock yet of continue to price success, our does the full not While strengthen portfolio. measure
proceeds, net X realize assets we're $XXX significantly months. a retail, debt have not portfolio associated rebalanced to of repayment growing and by XX minimum the expect effect, net next done reducing generation sold in equity million we over We to but yet. To that with of our
businesses assets you not While we be or a are comprehensive that specific will on we're providing targeting, should details as reached. outcomes update expect the
be allocation. capital fund The capital in million first proceeds general to Direct be Energy for with to used available $XXX excess will
and approval of on year-end. We track HSR. Centrica awaiting by to Act now from Direct remains moving year-end. shareholders, side to the by We're Competition right acquisition Now The expected which slide. the close is FERC, Canadian received Energy from approval
security. million as equity our perpetual this hybrid are preferred point. debt instrument. mentioned equity will simplified for we We and I need through hand investors, a equity the XX% and on eliminates asset achieving needs on believe details sale additional This As equity structure preferred equity-linked previously debt cash benefits and given go-to-market a in it planned increased equity the provide both remarks, the was our capital maintains financing XX% new $XXX through my Kirk proceeds. to
financing to metrics. plan maintains tap investment-grade Importantly, our achieve our updated
welcome for as with forward on NRG's look expanded services into integration for one integration systems direct management to financial for to it well team in close experience that, shareholders. With experience is of bringing process and I customer employees Direct and day will is activities family. strength pass The our and acquisition and integration, focused value synergies. Lastly, risk the products are preparing over platform review. we process underway create on We and to the Kirk Energy customers the at NRG excited to and cross-functional
