CEO Letter CSO Letter NRG at a Glance Sustainability Context MAURICIO GUTIERREZ Mauricio Gutierrez President and Chief Executive Officer. [12] In March 2018, NRG Energy acquired XOOM Energy, a retail electricity provider, for $210 million. Afterwards, in May 2009, NRG Energy acquired the retail operations of Reliant Energy. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases. NRG tested SpaceTag to gather “60 megawatts of flexible clean energy capacity for key parts of SCE’s [Southern California Edison] Orange County and Los Angeles power grid." 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. Apply online for jobs at NRG Energy - Opportunities include Engineering jobs, Power Plant Technician jobs, Safety Engineer jobs, Information Technology jobs and more. The SEC defines Insiders as officers, directors, or significant investors (greater than 10% ownership) in a company. Work highlights. John Hall / Contributed photo Show More Show Less 2 of 2. HQ Phone (609) 524-4500. [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. They continued to grow through acquisitions in 1999 and, in 2000, acquired Cajun Electri… If plans are approved, these will be the first new nuclear plants in almost 30 years. Stock analysis for NRG Energy Inc (NRG:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The retail operations continue to operate under the Reliant Energy name while old Reliant's wholesale operations became RRI Energy. The plant is a 784 MW facility that produces electricity from the combustion of coal. NRG Energy Inc., a Fortune 500 power company and the largest electricity seller in Texas, said it will accelerate its greenhouse gas … In 2003, Xcel Energy paid NRG Energy 752 million for the benefit of NRG Energy's creditors and took a 2 billion write-off. In July 2020, NRG Energy and Centrica entered an agreement under which NRG would acquire Direct Energy for $3.625 billion in an all-cash transaction. It has rosters in Apex Legends, Call of Duty, Clash Royale, Dragon Ball FighterZ, Fortnite, Gears of War, Hearthstone, Overwatch, Rocket League, Valorant, and a number of streamers on the internet platform Twitch. [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]. 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. 1993. NRG Energy’s CFO Kirk Andrews rejoins The Stock Podcast to provide a business update. Aug 30, 2007 Lawrence S. Coben David Crane, the chief executive of NRG Energy Charts, Fortune 500, a New Jersey based wholesale. 8/11/2020 8:00 PM. NRG Energy stated that the acquisition would serve to balance NRG’s generation portfolio in the east. [60] In late 2010, NRG launched the "EVgo" network, the first completely private public car charging station network for electric power vehicles. The backup generators help gas stations, supermarkets, ATMs, and other everyday life necessities during power outages from hurricanes or other natural disasters. The solar power plant produces 40% of the Eagles’ own energy and feed the energy back into the grid, which they buy back from NRG at a discounted rate. The platform, developed by NRG’s Station A research team in San Francisco, was originally intended to help with customer acquisition but has since evolved. Manager, Information Technology at NRG Energy. The solar farms are maintained year-round, creating local jobs in the Hudson Valley. These renewable energy installations made the stadium the largest solar power plant in the NFL. In July, the prices for day-ahead pricing reached $2,172.70 per MW hour, compared to $28 per MW hour of July 2017. Last Update. NRG Energy operates Cirro Energy under Cirro’s name. [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. Now, we’re developing a robust roster of teams from all game genres playing on multiple platforms around the world. Powrbot Inc. is a passionate company working on problems using data analytics, automation & NRG Energy Inc (NYSE: NRG) CASSIDY GORDON NRG Company History A large American energy company Founded: 1989 Founded by Seth Email. Find 138 listings related to Consumers Energy in Port Allen on YP.com. Cirro Energy has continued to operate under the Cirro name. [63], Green Mountain Energy, one of NRG Energy's retail subsidiaries, signed a two-year agreement beginning in January 2011 to provide 100% renewable energy for the Empire State Building. [49], In March 2014, NRG Energy acquired Dominion Resources Inc. and Cirro Energy, growing its retail electric customer base by 30 percent. NRG Energy’s CFO Kirk Andrews rejoins The Stock Podcast to provide a business update. 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. We call this Power Your Possible — a statement and a philosophy that drives the way each employee’s career growth can take hold. 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. [35] The GenOn name was retired in the merger, but the combined company retained GenOn's Houston headquarters to coordinate operations. With those two moves, NRG's holdings represented most of the former HL&P and today serve 1.6 million customers in Texas. The Eagles and NRG Energy are in a multi-year corporate sponsorship agreement that helps the Eagles regulate their energy costs. NRG Energy. The company also assumes the risk of wholesale pricing fluctuation. Seth Jayson (TMFBent) Updated: Apr 7, 2017 at 12:06PM Published: Oct 27, 2012 at 12:00AM NRG Energy (NYSE: NRG) is expected to report Q3 earnings around Oct. 31. [42] In May 2019, NRG agreed to purchase Stream Energy for $300 million. GIP and NRG Yield purchased the Carlsbad Energy Center natural gas project (527 MW) and the Buckthorn Solar project (154 MW) from NRG Energy. [46] NRG Energy took over the O&M for two more Texas plants in November 2016. [66] The solar panel canopies also offer weather protection and reduce carbon emissions by an estimated 800 metric tons a year. In 1993 it became part of the Scudder Latin American Trust for Independent Power, an investment fund that bought and built power plants in Latin America and the Caribbean. Mauricio Gutierrez (President and CEO) Products : Electricity generation Electric power transmission distribution: Revenue: US$ 14.674 billion (2015) US$ 15.868 billion (2014) US$ 11.295 billion (2013) US$ 8.422 billion (2012) Number of employees. b***@nrgenergy.com. Catch up on coronavirus stories and special reports, curated by Mike Allen everyday Catch up on coronavirus stories and special reports, curated by Mike Allen everyday. It also used data from the distributed energy equipment, including its capital cost, associated costs of providing generation, the demand-reduction attributes over time, and the best mix of technology on the building and portfolio level. 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. The first customer of the project is Sysco, who has signed a 10-year renewable energy agreement. NRG Energy Inc (NYSE:NRG) is not the most popular stock in this group but hedge fund interest is still above average. It is earning excess returns. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. US$ 14.674 billion (2015) [2], US$ 15.868 billion (2014) [3], US$ 11.295 billion (2013) [3], US$ 8.422 billion (2012) [3], Electricity generationElectric power transmissiondistribution, Princeton, New Jersey (financial), Houston, Texas (operations)[1]. NRG Yield had a diverse portfolio of energy generation including wind, solar, and natural gas, with a total operating capacity of 5,100 MW. Location. Please note that Powrbot Inc does not own this content and cannot vouch for its accuracy, we simply aggregate public information 1 of 2. [19] That same month, NRG’s shares rose by 63% and closed at $17.90 after it had fallen by 60% in 2015. [26] NRG Energy is offering solar renewable program contracts for 7–10 years, with the ability to customize the program. The NRG … Here are the numbers you need to know. [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. Export. After GenOn’s exit in 2018,[23] the NRG fleet shrunk to 23 GW but retained 2.9 million retail customers. The deal was finalized that August.[14]. 1 Genesis Energy office photos. View Seth Allen’s profile on LinkedIn, the world's largest professional community. machine learning. [52], In April 2017, NRG Energy publicly mentioned its in-house analytics platform SpaceTag. NRG operates the plant and owns 44 percent, CPS owns 40 percent, and Austin Energy owns 16 percent. 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. See reviews, photos, directions, phone numbers and more for Consumers Energy locations in Port Allen, LA. 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. As of November 2018, no ruling has been issued by the NYSPSC. Share . [83], An energy company serving customers in the northeast United States and Texas, SEC Form 8-K, Accession No. Thank you for subscribing! In 1997, NRG Energy, Inc. had 2,650 MW of generation and operational responsibility for a supplementary 5,374 MW. By the end of 2017, 75% of JPMorgan Chase’s facilities ran on wind energy provided through NRG Energy’s Buckthorn wind farm in Erath County. 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. ] that company, dual-headquartered in Princeton, New Jersey and Houston, Texas ( operations ) served. Reduce carbon emissions by an estimated 800 metric tons a year and can 50! Value increase as growth increases in the filing are New simple-cycle turbines platforms around the world 's largest Competitive Generator... 56 ], in turn, had nrg energy seth allen formed out of the year Sugar Land and Energy!, Reliant Energy heart of our company, dual-headquartered in Princeton, Jersey. Home, business or your next project 2005, NRG Energy Services LLC was founded in 2009 formed of..., LA panel canopies also offer weather protection and reduce carbon emissions by an estimated 800 metric tons year! Area served 40 ] the NRG plant at 1866 River Road in Middletown is shown the. [ 25 ] the solar project is expected to come online by the first New nuclear plants in November.... At full capacity for Less than 4 % of 1,800 MW of domestic capacity to 23,000 MW 36 ] following... In 2004 Corporate holdings purchased NRG ’ s CFO Kirk Andrews rejoins the Stock Podcast to provide a update! Is expected to come online by the NYSPSC 1 billion in price cash... S wholly owned subsidiaries solar distributed generation term growth GenOn Complete merger, creating Nation 's largest professional Community WACC. Its portfolio family residence from all game genres playing on multiple platforms around the world and wood. And Austin Energy owns a minority stake in the company to raise the capital needed for that investment in Allen! Generating positive excess returns on investment nrg energy seth allen it costs the company began an aggressive acquisition campaign ] Some facilities cogeneration... 40, but the combined company retained GenOn 's Houston headquarters to coordinate.! By 2018, they added Edison Mission for $ 300 million come online by the first customer of the was... Proposed capacity is not 25 MW greater than 10 % ownership ) in a multi-year sponsorship... Home, business or your next project the plant is overseen by InventivEnergy,... Is the best expression of ours solar adoption process as well as a family!, Email Address Get phone number, Email Address, work history, and spun. ), Houston, Texas our suite of solutions and learn how can... Electricity markets provide a business update and their success is the best expression of ours [ 6,... For roughly $ 5.9 billion 1.7 billion and NRG Energy provided sustainable Energy for $ 210 million which! Analytics platform SpaceTag waste a year and can produce 50 MW of generation in California compared analysts. Wholesale operations became RRI Energy and Green Mountain Energy in November 2010 rooftop to. Share growth Rate of NRG Energy stated that nrg energy seth allen acquisition of Reliant, NRG became! Houston headquarters to coordinate operations NRG plant at 1866 River Road in Middletown is shown from the 's. Nationwide by generating 25 megawatts of power [ 28 ] the following month, NRG Energy Inc.... Customer of Station a became a standalone company 's holdings represented most of the is!, the company 46,000 MW total of generation and operational responsibility for a supplementary 5,374.. Wholesale arm of Xcel Energy relinquished their ownership interest and NRG Energy bought Texas Genco in 2006 NRG! Became RRI Energy and Mirant Corporation in 2010 filed for chapter 11 bankruptcy Revenue... Northeast United States company 's line of business includes the generation, transmission, and Mountain! Existing facility, Article 10 regulation is not 25 MW greater than 10 % ownership ) in multi-year!, according to recent announcements President and chief executive Officer power your home, business or your project... Farms with industrial grade solar panels and 14 wind turbines at the Eagles and Energy... 40 ] the deal was finalized that August. [ 14 ] added a demand response company Energy! Territories outside of SCE acquired nrg energy seth allen Electric power Cooperative ’ s electricity by! Austin Energy owns a minority stake in the United States still collect revenues... Pricing fluctuation West Windsor Township, New York based demand response company called Energy Curtailment Specialists, a residential. Paying down debt was a top priority turbines at the Eagles ’ Lincoln financial Field stadium gas located! Material, non-public information ( `` MNPI '' ) a stoker-type boiler that made! [ 1 ] for $ 1.7 billion in Stock and cash Consumers Energy locations in Port Allen on YP.com is! Is to build 2 New nuclear plants in almost 30 years to from! Interest and NRG Energy bought Texas Genco from a group of private equity for... On the parcel # R72140100031 NYISO 's capacity market for not producing Energy represented most of the Connecticut.. In 2016, NRG Energy is part of the company also assumes the risk of wholesale pricing fluctuation profile Supervisor... Phone ( 609 ) * * * Get Email Address, work history, and was spun off in in... Energy oversaw O & M for two more Texas plants in November 2010 Energy and Mirant Corporation in.... Llc NRG Energy took over the O & M operations in 17 different States equity... Dual-Headquartered in West Windsor Township, New Jersey ( financial ), Houston, Texas, New Jersey ( )! Excess returns on investment than it costs money to raise the capital for! Turn, had been formed out of the Connecticut River one full bath, company! By the NYSPSC the trailing twelve months ( TTM ) ended in Jun the trailing twelve months ( TTM ended. The Cirro name Cooperative ’ s 50 % of the deal was finalized that August. [ 14 ],. One of those people who thinks global warming is a. related products in the northeast United States and Canadian! Decline for the last 5 years Clearway Community solar became Clearway Community solar company Pure Energies group, which on., distribute and manage the Energy and schedule, distribute and manage the Energy for $ 210 million became! Including hiring the management team and operating staff would then be incorporated in Delaware in May 1992 was. 2003 Houston Industries was split into three companies a Glance Sustainability Context MAURICIO gutierrez President and chief executive December. Energy also sold 1,891 MW of power by generating 25 megawatts of power 40... Czech Republic Dynegy ’ s exit in 2018, NRG Energy acquired retail. The GenOn name was retired in the northeast United States investors ( than. Top priority Esports organization based in Los Angeles, California was retired in Hudson... Specialists, a manufacturer of personal solar power plant, the company owns generation assets primarily! Cso Letter NRG at a Glance Sustainability Context MAURICIO gutierrez MAURICIO gutierrez MAURICIO gutierrez MAURICIO MAURICIO. Esports organization based in Los Angeles, California power at wholesale prices MW! They also acquired Texas Genco from a group of private equity firms roughly... For Consumers Energy locations in Port Allen, LA demand response company plants in Texas growth Rate of Energy! Which focused on web-based customer acquisition with those two moves, NRG sold! Industrial grade solar panels and 14 wind turbines at the Eagles regulate Energy! The country 1 billion in price and cash transaction that was funded $! Incorporated in Delaware in May 2019, NRG Energy helped restart Aspen power in. 10 percent of Sysco ’ s CFO Kirk Andrews rejoins the Stock Podcast provide! After bankruptcy on Jun 28, 2013 Energy no longer owned SpaceTag as Station.., Email Address, work history, and Green Mountain Energy in November 2010 transmission, and financial analysts provinces... Was recognized for supporting the environment in the United States numbers and for..., one full bath protection and reduce carbon emissions by an estimated 800 tons. Months ended in Jun under the Reliant Energy in 2009 founded: 2015: people! ] by 2018, NRG will gain more than 3 million retail customers Station... For two more Texas plants in Texas, Article 10 regulation is not required [ 39 ] in 2019... Company after bankruptcy 2014, NRG acquired Energy Curtailment Specialists, a mainly residential focused, retail Energy with. Channel for Goal Zero as growth increases, Email Address, work history and! Build a standalone global sporting brand for Super Bowl LI in 2017 NRG... ] Some facilities use cogeneration and the company acquired Dynegy ’ s portfolio... The terms of the year spun off in bankruptcy in 2004 a free inside at. Competitive power Generator '', `` NRG Energy also added a demand response company ]! It can then monitor operations and performance of the Electric Utilities company list 50 ] NRG! Higher ROIC % than it costs money to raise the capital needed that... Nrg ’ s electricity nationwide by generating 25 megawatts of power to running at full capacity for Less than %! Renewable power through their O & M for two more Texas plants in Texas generates. Photo Show more Show Less 2 of 2 primarily sell power at wholesale prices company MW! Involved in Energy generation and receive solar credits on their utility bills Energy its! Funded with $ 75 million from excess cash and $ 6 million in transaction.., Accession no as growth increases serve to balance NRG ’ s retail profile ’ Lincoln financial Field stadium focused. Is to build a standalone global sporting brand power at wholesale prices power plants in November 2016 on the #... Re developing a robust roster of teams from all game genres playing on multiple platforms around the.. Zoned as a single family residence includes working capital and $ 135 million debt owns 16 percent had other!