NRG Energy
 |
This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (December 2011) |
- Reliant Energy redirects here. For the company that formerly held this name, see RRI Energy.
 |
|
| Type | Public |
|---|---|
| Traded as | NYSE: NRG S&P 500 Component |
| Industry | Wholesale power generation |
| Headquarters | Princeton, New Jersey |
| Area served | USA, 11 states |
| Key people | David Crane (President and CEO) |
| Employees | ~ 5000 |
| Website | www.nrgenergy.com |
NRG Energy, Inc. (NYSE: NRG) is an American energy company headquartered in West Windsor Township, New Jersey, near Princeton.[1][2]
Contents |
[edit] Electrical Power Generation Operations
NRG's power plants provide more than 25,000 megawatts of generation capacity, enough to supply more than 20 million homes.[3]
In late 2005, NRG Energy bought Texas-based Texas Genco from a group of private equity firms for roughly $5.9 billion.[4]
Today, NRG has 29 traditional gas, coal, and oil power plants located across 11 states, including 9 in Texas. Additionally, NRG has 6 operational "clean energy" facilities, including wind farms, a solar farm, and the South Texas Nuclear Plant (STNP) [5]
NRG also owns or has an interest in generating facilities in Europe, Australia, and Latin America. NRG's operations include baseload, intermediate, peaking, and cogeneration facilities, as well as thermal energy production and energy resource recovery facilities.[citation needed]
[edit] Solar & Wind Power
Beginning in 2009, NRG began a major initiative to become the leading green energy producer in the United States and started investing very large amounts of money in clean energy projects.[6] 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.[7]
[edit] Retail Power Operations
NRG's Retail Power services provide electricity services to more than 2 million homes and businesses, mostly in Arizona and the Northeast.
In May 2009, NRG entered this market by acquiring the retail operations of Reliant Energy. NRG's retail service serves 1.6 million customers in Texas. The retail operations continue to operate under the Reliant Energy name while the remainder of the former Reliant Energy became RRI Energy.
Following the acquisition of Reliant, NRG extended its retail footprint with the acquisition of Green Mountain Energy in November 2010.[8] 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.[citation needed]
NRG continued the trend of leading in the green power market in 2011 by becoming the largest green power retailer in New York City.[citation needed] The company also signed a two-year agreement beginning in January 2011 to provide 100% renewable energy for the Empire State Building.[9]
[edit] Green Energy Initiatives
In late 2010, NRG made news by launching the first completely private public car charging station network for electric power vehicles. The eVgo network, as it has been branded, was launched.
[edit] Nuclear Power Plant
On June 19, 2006, the STPNOC, a partially owned subsidiary of NRG, filed a letter of intent with the Nuclear Regulatory Commission to build two 1358-MWe ABWRs at the South Texas Project site.[10] This was the first nuclear plant license application filed in the United States in 29 years.[citation needed]
[edit] Reliant Energy naming rights
Reliant Energy holds the naming rights to the Reliant Park campus in Houston, Texas, home to the Reliant Astrodome, Reliant Stadium, Reliant Arena and Reliant Center.
[edit] See also
- Houston Pavilions (NRG Tower)
[edit] References
- ^ "Contact Us." NRG Energy. Retrieved on July 25, 2010. "211 Carnegie Center Princeton, NJ 08540-6213."
- ^ "Township of West Windsor, New Jersey Zoning Map." Township of West Windsor. Retrieved on July 25, 2010.
- ^ http://www.nrgenergy.com/pdf/NRG_2010_YIR.pdf
- ^ SEC Form 8-K, Accession No. 0000950123-05-011735
- ^ http://www.nrgenergy.com/pdf/NRG_2010_YIR.pdf
- ^ http://www.nrgenergy.com/pdf/NRG_2010_YIR.pdf
- ^ http://www.nrgenergy.com/pdf/NRG_2010_YIR.pdf
- ^ "Green Mountain Energy to be acquired for $350 million", 09/16/2010, http://www.statesman.com/blogs/content/shared-gen/blogs/austin/theticker/entries/2010/09/16/green_mountain_energy_to_be_ac.html
- ^ "Empire State Building To Purchase 100% Renewable Power", 01/07/2011, http://www.triangleusgbc.org/resources/blog/item/155-empire-state-building-to-purchase-100-renewable-power?tmpl=component&print=1
- ^ neimagazine.com
