NRG Yield, Inc. (ticker NYLD) is currently out on its IPO roadshow and looking to raise $391.5 million by selling 19.575 million shares (before the over-allotment) at a mid-point price of $20 with an indicated mid-point yield of 6.0%. They currently expect to price the deal July 17, although it seems possible that it could price early if the market remains strongly receptive to growth oriented yield stories.

• Here is the full roadshow presentation in pdf format (click to open): NYLD Roadshow Slides July 2013
• Here is a link to the roadshow video (it will be removed the night the IPO prices): NYLD Roadshow Video
• Here is a link to their SEC filings: NYLD SEC Filings

IMPORTANT: NYLD will provide investors with a 1099-DIV, which makes it appropriate for tax advantaged accounts (if I were ever to buy any I would buy it in my IRA).

NYLD will not be added to the MLP Protocol universe; however, I will keep an eye on it as a possible comp for any future MLP with “Renewable” type assets.

UPDATE 7/16/13: NYLD priced tonight at $22, so one day early and $1 above the high end of the price talk.