February 29, 2016
NRG Slashes Dividend By 80%
NRG Energy announced today that it would lower its annual dividend by nearly 80%, cutting the annual dividend to $0.12/share, from the current $0.58/share
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February 29, 2016
NRG: Sale of EVgo, Home Solar Businesses Expected To Be Announced in Q2 2016
Updating investors on the company's previously announced, "reset," NRG Energy told analysts that it is nearing "final resolution" of the sale process for its EVgo and home solar businesses
February 29, 2016
NRG Reports "Best Retail Results" In Company's History
NRG Energy reported that it saw its, "best Retail results in NRG’s history," during 2015.
February 22, 2016
Houston-Area Plant To Be Temporarily Mothballed
ERCOT received a Notification of Suspension of Operations for NRG Energy's Petra Nova Power I LLC, PNPI_GT2 unit.
January 25, 2016
Another Exec Leaves NRG, Joins Retail Supplier As New COO
Xoom Energy disclosed in regulatory filings that it has named Chris Phillips as Chief Operating Officer
January 21, 2016
NRG To Use Cirro Energy Brand Outside of Texas
NRG Energy confirmed to EnergyChoiceMatters.com that it intends to use the Cirro Energy brand for retail energy offers outside of Texas, specifically in Pennsylvania.
January 5, 2016
Houston Signs Agreement With Texas Retail Provider
The City of Houston has signed an agreement with Reliant Energy, an NRG Energy company, to increase its purchase of renewable power through at least June 2016.
December 3, 2015
David Crane Steps Down as CEO of NRG; Successor Named
NRG Energy announced today that David Crane is stepping down as President and Chief Executive Officer of NRG, effective immediately.
December 2, 2015
NRG Discloses Price For Pennsylvania, Illinois Power Plant Sales
NRG Energy formally announced the previously reported agreements to sell its 525 MW Seward power plant in New Florence, Pennsylvania and its 352 MW Shelby County power plant in Neoga, Illinois, and disclosed the aggregate purchase price for the sales
November 30, 2015
NRG Home Launches Partnership With Sharing Economy's Airbnb
NRG Home Solar and Airbnb announced a new affinity partnership to promote rooftop solar installation.
November 9, 2015
State-Run Opt-Out Aggregation, Reference Price Levels Proposed As Means Of Allowing ESCOs To Serve Low-Income Customers in New York
A PSC-managed opt-out aggregation and the use of reference price levels are two proposals put forth by a collaborative report on implementing New York PSC directives concerning ESCO service to low-income customers participating in utility administered low income discount programs and the Home Energy…
November 5, 2015
NRG Retail Posts Best Quarterly Results Since 2010, Reports Customer Growth
NRG Energy's Home Retail business delivered its best third quarter result since 2010, with $225 million in adjusted EBITDA for the quarter ending September 30, 2015, versus $167 million a year ago
November 4, 2015
NRG Increases Cost Reduction Program to $250 Million (Includes Retail), Starts Strategic Process To Find Majority Partner For Green Businesses
NRG in reporting earnings today said that it has begun implementation of a company-wide cost reduction program of $150 million across its general and administrative, marketing and development expenses.
October 27, 2015
Market Vet Joins Retail Supplier
Inspire Energy Holdings, LLC recently hired Michael Bair as Director, Member Experience and Sales.
October 8, 2015
State To Open Proceeding on Status of Energy Choice, Consider Improvements
The Delaware Public Service Commission and the Division of the Public Advocate are to establish a joint process to examine the structural aspects of energy supplier choice in Delaware and to look for ways to improve awareness and participation in customer choice.
October 8, 2015
Law Authorizes State To Conduct Opt-In Affinity Program; State Would Endorse, Market Service From Retail Electric Supplier
Delaware's enacted 2016 bond bill contains a provision allowing the Secretary of State to establish an opt-in retail electric affinity program, under which the State would endorse, and potentially market, service from a chosen supplier (Senate Substitute No. 1 For Senate Bill 160).
September 28, 2015
NRG: ESCOs Should Not Be "Learning On The Job," Proposes Stricter Eligibility Requirements
The NRG Energy retail companies welcomed proposed stricter ESCO eligibility requirements in New York, recommending even stricter requirements, stating, "ESCOs should not be 'learning on the job.'"
September 28, 2015
Retail Suppliers Recommend New York PSC Should License Brokers
Multiple retail suppliers have proposed to the New York PSC that the PSC should license energy brokers, rather than attempting to regulate brokers through ESCOs.
September 18, 2015
NRG Pursuing Sales of Conventional Power Plants
As part of its "reset" (see story today) , NRG Energy announced that it is actively pursuing the sale of certain conventional generating assets.
September 18, 2015
NRG Pushes "Reset" Button, Separating Retail Supplier From Home Solar, EV Businesses (Strategic Alternatives Possible)
Describing the process as a "reset," NRG is separating out several of its green-focused businesses currently within NRG Home into a new "GreenCo."
September 14, 2015
Reliant Receives License In New State
The Maine PUC granted Reliant Energy Northeast LLC d/b/a NRG Home, NRG Business, and NRG Retail Solutions a competitive electricity provider license to serve residential, small non-residential and medium non-residential customers in all service areas
September 8, 2015
New Texas REP Surpasses 250,000 Customer Threshold, Per PUCT Broadcast Fee Allocations
Staff of the Public Utility Commission of Texas have filed recommended fees to be allocated to retail electric providers and other companies to cover the cost of broadcasting PUCT meetings online.
September 1, 2015
NRG To Acquire CT Generating Unit in PJM
Various NRG Energy subsidiaries filed at FERC for approval to acquire ownership and control of an approximately 77 MW combustion turbine generating unit at Chalk Point Generating Station in Prince George’s County, Maryland and certain associated assets.
August 20, 2015
Texas Retail Provider Offering 10% Cash Back
Everything Energy, a brand of NRG Energy, is now offering 10% cash back to new Texas customers
August 4, 2015
NRG Reports "Record" Retail Results, Customer Count Drops on Attrition in Acquired Book
NRG Energy achieved "record" results in its competitive retail business, the company said this morning in reporting second quarter earnings.