NRG Energy (NYSE:NRG) last issued its earnings results on Thursday, November 5th. [29], When the state of Texas deregulated the electricity market, Houston Industries, the parent company of Houston Lighting & Power (HL&P) was broken up. [50], By 2018, NRG Energy also added Pennywise Power to its retail electricity portfolio. They continued to grow through acquisitions in 1999 and, in 2000, acquired Cajun Electric Power Cooperative’s facilities. Bruce Allen Contact Information. HQ Phone (609) 524-4500. From 1996 to 2001, the operating revenue increased from $104 million to $3 billion, and the debt increased from $212 million to $8.3 billion. [68] NRG Energy provided sustainable energy for Super Bowl LI in 2017 at NRG Stadium. The power plants went to Texas Genco, CenterPoint Energy took over the distribution system, and the retail and wholesale electricity business became Reliant Energy.[31]. The square foot of this property costs $75.4. NRG Yield had a diverse portfolio of energy generation including wind, solar, and natural gas, with a total operating capacity of 5,100 MW. [64][65], In 2012, NRG Energy partnered with the DLR Group to design an open-air, solar system for Patriot Place in Massachusetts. The community solar company builds solar farms with industrial grade solar panels that produces and delivers clean energy directly to the power grid. Export. The solar array produces an estimated 30% of the power for Patriot Place and provides renewable energy education for visitors at kiosks, electric vehicle charging stations, and off-grid solar “Helios” at the main entrance. [24], In a partnership with Cypress Creek Renewables, NRG is offering a long-term, fixed price, consumer solar energy project in June 2018. Watch Queue Queue SolarEdge. 2004 Crane succeeded quickly in turning around the new NRG, and in 2004 the company reported revenues of 2.36 billion and net income of 185.6 million, results that exceeded management's expectations. With those two moves, NRG's holdings represented most of the former HL&P and today serve 1.6 million customers in Texas. By 1998, the company began an aggressive acquisition campaign. [12], Beginning in 2009, NRG began an initiative to become a green energy producer in the United States and started investing money in clean energy projects. In 2003, Xcel Energy paid NRG Energy $752 million for the benefit of NRG Energy’s creditors and took a $2 billion write-off. NRG Energy. [56] Some facilities use cogeneration and the company also owns 28 MW of solar distributed generation. This allows residents who cannot purchase rooftop solar to invest in solar energy generation and receive solar credits on their utility bills. The solar arrays have a peak capacity of 400 kW and provide enough power during the year to offset the cost of power consumed at 49ers home games. The two facilities, Mustang and Antelope Elk Energy Center, are owned by Golden Spread Electric Cooperative Inc. Mustang is a natural gas turbine plant in Denver City that produces 958 MW of power. [52], In April 2017, NRG Energy publicly mentioned its in-house analytics platform SpaceTag. [10], By 2005, NRG Energy was expanding again and added 7,600 MW of domestic capacity to its portfolio. In August 2013, NRG acquired Energy Curtailment Specialists, a Buffalo, New York based Demand response company. This gave the company 46,000 MW total of generation capacity. In 2014, NRG Energy had two other retail electricity services, Reliant Energy and Green Mountain. [10], In 2001, NRG Energy had a net ownership of 24,357 MW of generation globally, with 19,077 MW in the United States. In 1997, NRG Energy, Inc. had 2,650 MW of generation and operational responsibility for a supplementary 5,374 MW. [40] The following month, NRG Energy acquired the residential solar company Pure Energies Group, which focused on web-based customer acquisition. GIP and NRG Yield purchased the Carlsbad Energy Center natural gas project (527 MW) and the Buckthorn Solar project (154 MW) from NRG Energy. Dominion’s retail electricity customers were mainly in Connecticut, Illinois, Massachusetts, Maryland, New York, New Jersey, Ohio, and Pennsylvania; Cirro mainly served residential and business customers in Texas. As the leading integrated power company in the U.S., NRG Energy brings years of experience and a data-driven mindset to help you get the most out of your energy. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. NRG Energy holds the naming rights to the NRG Park campus (formerly Reliant Park) in Houston, Texas, home to the NRG Astrodome, NRG Stadium, NRG Arena and NRG Center. [10], During December 2015, NRG Energy released David Crane of his duty[17] and Mauricio Gutierrez, the Chief Operating Officer[18] at the time, was brought on as Chief Executive and President of NRG Energy. [59] In 2018, NRG Energy reduced its generation capacity to 23,000 MW. Location. If successful, NRG will gain more than 3 million retail customers across 50 US states and 6 Canadian provinces. NRG station (formerly named AT&T station, and earlier Pattison station) is the southern terminus of SEPTA's Broad Street Line, located at 3600 South Broad Street, at the intersection with Pattison Avenue in the South Philadelphia area of Philadelphia, Pennsylvania. [70], New York State Assemblywoman Aravella Simotas has been chair of a coalition to support the utility in their plan to replace its power plant in Astoria with a newer generator. NRG Energy, Inc. Company Profile google - wiki.info. [32] Afterwards, in May 2009, NRG Energy acquired the retail operations of Reliant Energy. Their wholesale generation services include plant operations, commercial operations, energy services, distributed generation services, and energy, procurement, and construction (EPC) services. The Cummins natural-gas-fired genset would be used when the grid is down, and it could shave 10 to 15 percent off energy bills by running it as part of an aggregated fleet of an “estimated hundreds of megawatts capacity." It bought plants from Niagara Mohawk, San Diego Gas and Electric, Consolidated Edison, Montaup Electric, Rochester Gas and Electric, and Connecticut Light & Power. The house is zoned as a single family residence. Experience NRG Energy March 2010 - Present Reliant Energy 2008 - March 2010 Reliant Energy March 2003 - 2008 Skills Account Management, Selling, New Business Development, Sales, Coaching, Team Building, Strategic Planning, Training, Mergers & Acquisitions, Program Management, CRM, Business Development, Project Management, Microsoft Office, Public Relations, Marketing Strategy Education … The house was sold for $96,000 on Jun 28, 2013. [66] The solar panel canopies also offer weather protection and reduce carbon emissions by an estimated 800 metric tons a year. The Eagles and NRG Energy are in a multi-year corporate sponsorship agreement that helps the Eagles regulate their energy costs. In 2006, NRG Energy bought Texas Genco from a group of private equity firms for roughly $5.9 billion. Please enter a valid email. Two energy companies, Houston- and New Jersey-based NRG Energy Inc. (NYSE: NRG) and Houston-based Aramco Americas, have each committed over $2 million to Covid-19 relief efforts. The company owns generation assets that primarily sell power at wholesale prices. Our goal is to automate the boring stuff. NRG Esports; Founded : 2015: Key people. NRG Energy Inc (NYSE:NRG) is not the most popular stock in this group but hedge fund interest is still above average. Let us power your possible. [83], An energy company serving customers in the northeast United States and Texas, SEC Form 8-K, Accession No. These renewable energy installations made the stadium the largest solar power plant in the NFL. Find contact's direct phone number, email address, work history, and more. By 2002, the debt had reached $9.4 billion and NRG Energy sold their powerplants in Hungary and Czech Republic. For example, at 6.40 ($/kW – Month), the 12 actively listed facilities would produce an annual capacity market revenue of $42.8 million for NRG. NRG Energy was formed in 1989 as one of NSP’s wholly owned subsidiaries. Powrbot Inc. is a passionate company working on problems using data analytics, automation & machine learning. The NRG plant at 1866 River Road in Middletown is shown from the east shore of the Connecticut River. NRG Energy is a US based energy company that plans to build 2 new nuclear power plants in Texas. NRG Esports is an American professional esports organization based in Los Angeles, California. NRG Energy Services LLC Nrg Energy Services LLC was founded in 2009. [49], In March 2014, NRG Energy acquired Dominion Resources Inc. and Cirro Energy, growing its retail electric customer base by 30 percent. [42] In May 2019, NRG agreed to purchase Stream Energy for $300 million. The company also assumes the risk of wholesale pricing fluctuation. It is earning excess returns. Direct Phone (609) ***-**** Get Email Address Get Phone Number. View Seth Allen’s profile on LinkedIn, the world's largest professional community. Tune in to hear Kirk describe NRG’s path to investment grade and what that could mean for the equity value of the company. View NRG_PPHW_Gordon.pptx from ISQS 2340 at Texas Tech University. NRG Energy's ROIC % is 55.13% (calculated using TTM income statement data). machine learning. [11] NRG serves 2.9 million retail customers in Texas, Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Ohio, and the District of Columbia. NRG Energy | 75,206 followers on LinkedIn. NRG Energy's Revenue per Sharefor the three months ended in Jun. To the extent permitted by law and any applicable collective bargaining agreement, employees are subject to periodic random drug testing, and post-accident and reasonable suspicion drug and alcohol testing. The station's naming rights were sold to NRG Energy in 2018. Stock analysis for NRG Energy Inc (NRG:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. NRG Energy, Inc., together with its subsidiaries, operates as an energy company in the United States. NRG / NRG Energy, Inc. (629377508) Insider: David Callen: This page shows the track record and history of Callen David insider trades in NRG Energy, Inc.. See reviews, photos, directions, phone numbers and more for Consumers Energy locations in Port Allen, LA. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.65 billion. [44] NRG Energy also holds the naming rights for a NRG Station (formerly AT&T Station), a rapid transit station in Philadelphia, Pennsylvania.[45]. Energy cost savings topped the list for customer needs when considering distributed energy resources (DER) in a recent study by NRG Energy, Inc. (NSYE: NRG) in collaboration with Smart Energy Decisions (SED). [22] In August, NRG Yield changed its name to Clearway Energy and began trading under the new name and ticker symbol (CWEN and CWEN.A) in the New York Stock Exchange on September 17. [10], On May 14, 2003, NRG Energy filed for chapter 11 bankruptcy. NRG Energy, Inc. 8 K Feb. 13, 2017 8:34 AM Seeking Alpha. It was formerly the wholesale arm of Northern States Power Company (NSP), which became Xcel Energy, but became independent in 2000.NRG Energy is involved in energy generation and retail electricity. Mauricio Gutierrez (President and CEO) Products : Electricity generation Electric power transmission distribution: Revenue: US$ 14.674 billion (2015) US$ 15.868 billion (2014) US$ 11.295 billion (2013) US$ 8.422 billion (2012) Number of employees. The Company's line of business includes the generation, transmission, and distribution of electric energy.
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