Let us power your possible. In 2006, NRG Energy bought Texas Genco from a group of private equity firms for roughly $5.9 billion. After GenOn’s exit in 2018,[23] the NRG fleet shrunk to 23 GW but retained 2.9 million retail customers. [46] NRG Energy took over the O&M for two more Texas plants in November 2016. 1 Genesis Energy office photos. [81] In 2018, NRG Energy was recognized for supporting the environment in the Hudson Valley through NRG Community Solar. To avert default by NRG, Xcel sold $500 million in stock in July 2002. [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. 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." They also reduced their power plants from 100 to 40, but they retained 2.9 million retail customers. Cleco and NRG South Central Generating, a subsidiary of NRG Energy, closed the deal on February 4, a year after the companies signed a purchase and sales agreement, following various state and federal regulatory approvals. [58] In July 2018, NRG Energy released GenOn and paid $125 million in net payment during GenOn’s bankruptcy settlement. 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.. [60] In late 2010, NRG launched the "EVgo" network, the first completely private public car charging station network for electric power vehicles. NRG Energy, Inc. is a large American energy company, dual-headquartered in West Windsor Township, New Jersey, and Houston, Texas. [48], NRG's Retail Power services provide electricity services to more than 3 million customers, mostly in Texas and the Northeast. Subscription failed. The Investor Relations website contains information about NRG Energy, Inc.'s business for stockholders, potential investors, and financial analysts. [38] That same month, NRG also acquired the retail power business of Dominion Resources Inc., which included Texas-based Cirro Energy and added 600,000 customer accounts to NRG Energy’s retail business. The new fleet has 11.5 GW of generation (46% natural gas generation, 31% coal generation, and 15% oil generation) in Texas, 9.7 GW of generation in the East, and 2.6 GW of generation in the West. [41], In March 2018 NRG acquired XOOM Energy, a mainly residential focused, retail energy supplier with 300,000 RCE customers. Annual Report Form (10-K)", https://fortune.com/fortune500/2019/nrg-energy/, "ELECTRICITY: At NRG HQ, a green building that wants to make a statement", Township of West Windsor, New Jersey Zoning Map, "NRG Sheds Generation Emphasis, Puts More Focus on Retail", "NRG completes $300M buy of Stream retail electricity biz", "NRG Energy's U.S. customer base expands by 30 pct with Dominion deal", "NRG Is Cleared For Emergence From Chapter 11", "What's next for NRG after Crane removal? Use our Company Search tool. [56], NRG Energy owns the Indian River Power Plant near Millsboro, Delaware. NRG Energy was formed in 1989 as one of NSP’s wholly owned subsidiaries. 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. [43] The deal is awaiting approval by, among others, the shareholders of Centrica and the Federal Energy Regulatory Commission and is expected to close by year end 2020. In 2014, NRG Energy helped restart Aspen Power plant, the first wood-based biomass plant in Texas. These renewable energy installations made the stadium the largest solar power plant in the NFL. It is earning excess returns. NRG Energy Inc (NYSE:NRG) is not the most popular stock in this group but hedge fund interest is still above average. 804 Carnegie Center, Princeton, New Jersey, 08540, United States. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. We call this Power Your Possible — a statement and a philosophy that drives the way each employee’s career growth can take hold. Please note that Powrbot Inc does not own this content and cannot vouch for its accuracy, we simply aggregate public information The station's naming rights were sold to NRG Energy in 2018. RDS headquarters remained in Wall Township, New Jersey while they operated under NRG Residential Solar Solutions. Represented Berkshire Hathaway group in numerous separate solar and wind power-related transactions, including the tax equity investment in Tahoka Wind project, a 300 MW wind farm located in Texas. It was constructed in 1948. After SpaceTag is deployed, it can then monitor operations and performance of the building. [26] NRG Energy is offering solar renewable program contracts for 7–10 years, with the ability to customize the program. [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. The company owns generation assets that primarily sell power at wholesale prices. It operates through Generation and Retail segments. David W. Crane joined NRG as the chief executive in December. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.7 million residential, industrial, and commercial consumers. Tune in to hear Kirk describe NRG’s path to investment grade and what that could mean for the equity value of the company. [15] As of 2018, they generate 23,000 MW of power from 40 power plants across the country. [44] NRG Energy also holds the naming rights for a NRG Station (formerly AT&T Station), a rapid transit station in Philadelphia, Pennsylvania.[45]. SolarEdge. The O&M platform managed 2,400 MW of renewable energy in 17 different states, and the development business had 6,400 MW of renewable generation opportunities in the project pipeline. SpaceTag used data about the physical attributes of a building, how it was used, and existing energy data to create an energy performance portfolio and then assessed its location in the power grid. 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. NRG Energy’s CFO Kirk Andrews rejoins The Stock Podcast to provide a business update. The solar project is expected to come online by the first quarter of 2019. NRG is an integrated power producer. Aspen Power uses a stoker-type boiler that is made to reduce the air pollution from the plant. [71][72] As of 2018, of the 19 Astoria facilities listed in the 2018 NYISO Gold Book as being owned by NRG, 7 of the facilities are on the deactivated list (at a total of 140 MW of capacity rights), and 12 of the facilities (at a total of 558 MW in nameplate capacity) have each consistently produced less than 15 GWh a year since 2011. This address has been used for business registration by Seth Allen Energy Corporation and Coalmatch, Inc. [39] In September 2014, NRG acquired Goal Zero, a manufacturer of personal solar power products. The NRG … If successful, NRG will gain more than 3 million retail customers across 50 US states and 6 Canadian provinces. Our goal is to automate the boring stuff. The house was sold for $96,000 on Jun 28, 2013. [1][8][9] It was formerly the wholesale arm of Northern States Power Company (NSP), which became Xcel Energy, but became independent in 2000. Location. See reviews, photos, directions, phone numbers and more for Consumers Energy locations in Port Allen, LA. The sale price was $210 million, which includes working capital and $6 million in transaction costs. NINA will pay CPS $80 million and donate $10 million to a residential energy … It was an all-cash transaction that was funded with $75 Million from excess cash and $135 million debt. 1 of 2. 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. [56] Some facilities use cogeneration and the company also owns 28 MW of solar distributed generation. USA – 11 states: Key people. NRG Energy operates Cirro Energy under Cirro’s name. [50], By 2018, NRG Energy also added Pennywise Power to its retail electricity portfolio. 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. Enter your email address. NRG Energy, Inc. Clearway Energy, Inc. South Carolina Department of Administration. This included the 1,300 MW Cottonwood natural gas plant (1.3 GW), the 1,500 MW Big Cajun II coal and gas-fired plant (1.5 GW), and three other gas-fired peaking plants. 2020 was USD 9.10.Its Revenue per Share for the trailing twelve months (TTM) ended in Jun. This gave the company 46,000 MW total of generation capacity. View Allen Solich's business profile as Supervisor, Maintenance at NRG Energy. NRG Energy (NYSE: NRG) reported earnings on Aug. 8. 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. Access Bruce's Contact Information . It is unclear if the 7 deactivated units still collect capacity market revenues. Apply online for jobs at NRG Energy - Opportunities include Engineering jobs, Power Plant Technician jobs, Safety Engineer jobs, Information Technology jobs and more. Now, we’re developing a robust roster of teams from all game genres playing on multiple platforms around the world. On January 2, 2020, the Reporting Person was issued 4,304 Restricted Stock Units ("RSUs") by NRG Energy, Inc. under NRG Energy, Inc.'s Amended and Restated Long Term Incentive Plan. Powrbot Inc. is a passionate company working on problems using data analytics, automation & [33] In doing so, NRG also became the largest retailer of green power in the nation, providing all of its Green Mountain and many of its Reliant customers with energy derived from 100% renewable resources.[34]. It bought plants from Niagara Mohawk, San Diego Gas and Electric, Consolidated Edison, Montaup Electric, Rochester Gas and Electric, and Connecticut Light & Power. Apply online for jobs at NRG Energy - Opportunities include Engineering jobs, Power Plant Technician jobs, Safety Engineer jobs, Information Technology jobs and more. Cirro Energy has continued to operate under the Cirro name. Browse our suite of solutions and learn how we can power your home, business or your next project. This is equivalent to running at full capacity for less than 4% of the year. NRG Energy has multiple products and services, including generation facilities, operations and management services (O&M), retail electricity, commercial industrial backup generators, and an internal data analytics engine called SpaceTag. [67], In 2013, NRG Energy helped the San Francisco 49ers Stadium gain LEED certification by installing three solar array-covered bridges, a solar canopy over the green roof on the suite tower, and solar panels over the 49ers training center. [62] NRG Energy sold the EVgo charging network to Vision Ridge Partners, a Colorado-based sustainable-energy investment firm, in 2016 for an undisclosed amount. NRG Energy stated that the acquisition would serve to balance NRG’s generation portfolio in the east. Cypress Creek Renewables will build, own, and operate three solar gardens in Texas that will have a combined power capacity of 25 MW. [60][61] They include onshore and offshore wind power, solar thermal energy, photovoltaic, and distributed solar power facilities, and repowering of some of their traditional coal plants with biomass. The Company's line of business includes the generation, transmission, and distribution of electric energy. PRINCETON, N.J.--(BUSINESS WIRE)--Oct. 14, 2019-- NRG Energy (NYSE: NRG) today announced changes to its Board of Directors, including the appointment of two new independent directors: Antonio Carrillo and Alexandra Pruner, effective October 15, 2019. 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. The analytics engine found the best combination of distributed resources for every building in a given territory as well as showing what it was worth to each customer. 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. Let us power your possible. 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