Reliant Energy Announces Expansion to Several Retail Markets in PJM

As first reported by Matters more than three months ago (8/9), Reliant Energy is entering several retail electric markets in PJM.

Reliant officially announced yesterday that it has begun offering service to larger commercial, industrial and institutional customers in Pennsylvania, Maryland, and Washington, D.C. Reliant will also begin offering service in New Jersey upon licensing.

Reliant's plans to serve large customers in each of those states were exclusively reported by Matters in August and early September, as were the granting of the licenses by each state regulator (see below). Reliant said that it also intends to file license applications to serve Delaware and other states in the PJM region in the future.

"Moving into the PJM region is a natural extension of the success of our complementary retail and generation businesses in Texas, where we are the largest supplier in the country's largest C&I market," said Jason Few, President of Reliant Energy. "With our physical generation assets in PJM, our experience serving some of the most energy-intensive businesses in the nation and the opportunity to serve our national accounts in more places, we are already offering clients in the Northeast innovative, customized electricity supply services," Few said.

NRG has over 1,600 megawatts of generation capacity in the PJM region.

"We are one of the leading generators in the nation; expanding our retail business into the PJM C&I market further aligns our national retail and generation businesses," said Tom Gros, Senior Vice President of Reliant.

First in Matters:
8/9: Reliant Energy Seeking Pennsylvania Electric License to Serve Large, Mid-Merit Customers
8/10: Reliant Energy Applies for New Jersey Electric License
9/9: Reliant Energy Applies for Maryland, District of Columbia Electric Supplier Licenses
10/8: Reliant Receives D.C. Electric License
10/15: Reliant Energy Receives Pennsylvania Electric License
10/28: Reliant Energy Receives Maryland Electric License