NRG Energy

NRG Energy, Inc.
Company typePublic
IndustryElectric utilities
Founded1989; 35 years ago (1989)
FounderSeth Allen
HeadquartersOne Shell Plaza,
Houston, Texas
,
U.S.
Area served
  • United States
  • Canada
Key people
  • Larry Coben (president and CEO)
Products
RevenueIncrease US$28.82 billion (2023)
Decrease US$384 million (2023)
Decrease −US$202 million (2023)
Total assetsIncrease US$26.04 billion (2023)
Total equityDecrease US$2.906 billion (2023)
Number of employees
18,131 (2023)
Subsidiaries
Websitewww.nrg.com Edit this at Wikidata
Footnotes / references
[1]

NRG Energy, Inc. is an American energy company, headquartered in Houston, Texas.[2][3] 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.[4] Their portfolio includes natural gas generation, coal generation, oil generation, nuclear generation, wind generation, utility-scale generation, and distributed solar generation.[5][6] NRG serves over 7 million retail customers in 24 US states including Texas, Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Ohio; the District of Columbia, and eight provinces in Canada.[7][8]

NRG Energy has acquired eleven other energy companies, both generation and retail, that include Reliant Energy,[9] XOOM Energy,[10] Green Mountain Energy,[4] Stream Energy,[11] GenOn Energy, Discount Power and Cirro Energy.[12] As of 2018, they generate 23,000 MW of power from 40 power plants across the country.[9] They incorporate a range of sales channels for retail customers, including call centers, direct sales, websites, brokers, and brick-and-mortar stores. Their wholesale generation services include plant operations, commercial operations, energy services, distributed generation services, and energy, procurement, and construction (EPC) services.[8]

  1. ^ "NRG Energy, Inc. 2023 Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. February 28, 2022.
  2. ^ "NRG Energy, Inc. Reports First Quarter 2021 Results". NRG Energy. May 6, 2021. Retrieved June 18, 2021.
  3. ^ Pulsinelli, Olivia (May 6, 2021). "NRG Energy names Houston sole HQ, hires CFO from 'Amazon of South Korea'". www.bizjournals.com. Retrieved June 18, 2021.
  4. ^ a b Isser, Steve (2015). Electricity Restructuring in the United States: Markets and Policy from the 1978 Energy Act to the Present. Cambridge University Press. pp. 178–180. ISBN 9781316300862.
  5. ^ "2019 NRG Sustainability Report" (PDF). nrg.com. Retrieved June 18, 2021.
  6. ^ "Annual Report - NRG Energy Form 10-K" (PDF). annualreports.com. 2017. Archived from the original (PDF) on April 16, 2019. Retrieved April 16, 2019.
  7. ^ "NRG Energy, Inc. 2021 Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. February 24, 2022.
  8. ^ a b "NRG Energy Inc (NRG)". Reuters. Retrieved April 16, 2019.
  9. ^ a b "NRG Sheds Generation Emphasis, Puts More Focus on Retail". PowerMag.com. March 28, 2018. Retrieved April 16, 2019.
  10. ^ "EnergyChoiceMatters.com". EnergyChoiceMatters.com. Retrieved April 16, 2019.
  11. ^ Cite error: The named reference StreamEnergy was invoked but never defined (see the help page).
  12. ^ "NRG Energy's U.S. customer base expands by 30 pct with Dominion deal". Reuters. March 11, 2014. Retrieved April 16, 2019.