NRG Energy: Company Overview

Topics: Nuclear power, World energy resources and consumption, Wind power Pages: 2 (491 words) Published: June 14, 2011
N b b nmnNRG'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 a price of roughly $5.9 billion.[4] Today, NRG has 29 traditional gas, coal, and oil power plants across 11 states, including 9 in Texas. Additionally, NRG currently has 6 operational "clean energy" facilities including wind farms, a solar farm, and the South Texas Nuclear Plant (SNTP) [5] NRG also owns, or has interests in, generating facilities in Europe, Australia, and Latin America. The company's operations include baseload, intermediate, peaking, and cogeneration facilities, as well as thermal energy production and energy resource recovery facilities. [edit] Solar & Wind Power

Beginning in 2009, NRG began a large initiative to become the leading green energy producer in the United States and started investing very large amounts of money into clean energy projects.[6] These include onshore and offshore wind power, solar-thermal, photo voltaic, and distributed solar power facilities, and re-powering 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 Texas and the Northeast. In May 2009, NRG entered this market by acquiring the retail operations of Reliant Energy; NRG's retail services 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 the Reliant acquisition, NRG extended its retail footprint with the acquisition of Green Mountain Energy in November 2010, and in so doing also became the largest retailer of green power in the country, providing all of its Green Mountain and many of its Reliant customers with energy derived from 100%...
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