February 28, 2019
NRG Reports Retail Customer Growth
Announces Up To $600 Million Reserved To Achieve Investment Grade Metrics
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February 4, 2019
Transfer Of Brand Names Between Texas Retail Providers Approved
The Texas PUC has approved an amendment to the REP certificate of US Retailers LLC to add the trade name Discount Power to the certificate
January 25, 2019
Texas Retail Provider Seeks To Be Relieved Of POLR Obligation
VEH LLC filed at the Texas PUC to be relieved of its obligation to serve as a Provider of Last Resort, stating that it no longer meets the eligibility requirements to provide POLR service after a recent sale of its book
December 20, 2018
In Final Order, Pa. PUC Denies Re-allocation Of $100 Million From PECO Distribution Rates To Default Service
The Pennsylvania PUC in a final order in a PECO rate case has denied a proposal from NRG Energy to re-allocate approximately $100 million in costs at PECO which NRG had argued are attributable to electricity default service and thus should be allocated to generation rates rather than nonbypassable…
November 8, 2018
NRG Increases Mass Market Customer Count
Company Says "Strong" Retail Earnings Recorded Despite Higher Supply Costs In Q3
NRG Energy reported that its Retail segment recorded "strong" Adjusted EBITDA of $269 million for the third quarter of 2018, $10 million lower than the third quarter of 2017 ($279 million), driven by higher margin enhancement costs.
October 29, 2018
NRG Retail Brands Acquiring Retail Customer Books, Brand Assets From Texas REP
Note: This story was first published the evening of Oct. 29 at 5:35 pm with an alert to our email subscribers
October 19, 2018
Pa. ALJs Issue Recommendation On Proposed Re-allocation Of $100 Million From PECO Distribution Rates To Default Service
Two Pennsylvania ALJs have recommended denying a proposal from NRG Energy to re-allocate approximately $100 million in costs at PECO which NRG argued are attributable to electricity default service and thus should be allocated to generation rates rather than nonbypassable distribution rates, as is…
October 18, 2018
NRG Launches Simplified Renewables Program For Businesses, Without PPA
NRG Energy, Inc. announced the availability of "Renewable Select," which NRG said simplifies the renewables procurement process and makes it easier for businesses to choose renewable energy.
October 5, 2018
Reliant Announces "Preferred Partner" Agreement With Google For Smart Home Offerings
Reliant announced a preferred partner agreement with Google, which Reliant said positions Reliant, "as the premier retail electricity provider of Google Home and Nest products in Texas."
September 17, 2018
TEAM: Focusing On Scarcity Pricing Frequency In Evaluating ERCOT Market Performance, Resource Adequacy Provides Incomplete Picture
In comments to the Texas PUC concerning ERCOT summer market performance, the Texas Energy Association for Marketers (TEAM), in responding to a specific question concerning whether scarcity pricing produced sufficient revenue to ensure resource adequacy, stated, "If the Commission decides that an…
September 10, 2018
In Rate Case, NRG Says PECO "Misallocated" $100 Million In Default Service Expenses To Distribution Rates
NRG Proposal Would Increase Residential Price To Compare By 1.25¢/kWh
In an electric rate case for PECO, NRG Energy, Inc. alleges that PECO has improperly allocated $100 million in indirect costs to residential distribution service rather than default service, and is seeking a re-allocation of such costs.
August 2, 2018
NRG: "Always" Looking To Acquire Retail Books
Discussing second quarter earnings this morning, Mauricio Gutierrez, NRG Energy's President and Chief Executive Officer, said that NRG's Retail business had a "phenomenal" quarter, and said that the business is "always" looking to acquire retail books.
July 30, 2018
Two Texas Retailer Providers Transitioning Customers To NRG
Note: The following story was first posted at 5:40 p.m. on July 30, with an alert to our email subscribers
July 30, 2018
Two Texas Retailer Providers Transitioning Customers To NRG
Two Texas retail electric providers are transitioning customers to a retail provider owned by NRG Energy.
June 12, 2018
NRG Teams With Solar Provider To Offer Texas C&I Customers Solar As Part Of New, Simplified Fixed Price Renewable Plan Structure
NRG Energy, Inc. and Cypress Creek Renewables announced today a joint project where Cypress Creek will develop and operate 25 megawatts of solar projects for NRG to support Texas commercial and industrial customers which the companies said, "will be the foundation of a new type of simplified…
May 25, 2018
Maryland Orders Briefing On Legal Issues Concerning Supplier Consolidated Billing, Including Disconnection Authority For Non-Payment
The Maryland PSC has requested briefing on several legal issues concerning supplier consolidated billing, including the authority for suppliers to direct the utilities to disconnect customers for non-payment
May 3, 2018
NRG Reports Higher Retail Earnings
NRG Energy reported that its Retail segment recorded Adjusted EBITDA of $188 million for the first quarter of 2018, $55 million higher than first quarter 2017, due to lower operating costs and higher gross margin with increased customer count, higher customer usage and favorable weather in 2018
April 30, 2018
All Green Mountain Energy Commercial Offerings Will Be 100% Renewable Going Forward
Green Mountain Energy Company announced today that all of Green Mountain’s commercial offerings will be 100% renewable moving forward
April 7, 2018
Regulator Issues Interpretation Of Retail Supplier Compliance In Light of Statutory RPS Changes
The Connecticut PURA has issued a response to NRG Energy clarifying certain retail supplier RPS compliance requirements in light of statutory changes
April 4, 2018
NRG Unit Acquires Customers Of Texas Retail Provider
This story was first published on April 4, with an alert to our email alert subscribers
March 28, 2018
NRG To Acquire Xoom Energy
During an analyst day yesterday, NRG Energy announced that it would acquire XOOM Energy for $210 million, including working capital and $6 million in transaction costs
March 23, 2018
GenOn Energy Announces Agreement To Sell Two Generating Units, Provides Update On Its Ongoing Reorganization Efforts, Asset Sales
GenOn Energy, Inc. ('GenOn') announced today that on March 22, 2018, certain of its wholly owned subsidiaries entered into a Purchase and Sale Agreement ('Purchase Agreement') with Stonepeak Kestrel Holdings LLC ('Buyer'), a subsidiary of Stonepeak Infrastructure Partners ('Stonepeak'), pursuant to…
March 7, 2018
NRG Energy Names New Board Members To, "Strengthen Customer Focus"
NRG Energy announced changes to its Board of Directors, including the immediate retirement of Walt Young, Evan Silverstein and Barry Smitherman and the appointment of two new independent directors: Matthew Carter and Heather Cox.
March 2, 2018
NRG EVP Assumes National Business Development Duties, NRG Also Names New General Counsel
NRG Energy announced that, effective March 16, 2018, David R. Hill will be stepping down from his position as Executive Vice President and General Counsel of NRG Energy, Inc.
March 1, 2018
NRG CEO Sees "Opportunities" For Retail Growth From Forecast Volatility
Records $1.2 Billion Impairment Related To South Texas Project Nuclear Plant, On Outlook For Future Commodity Prices