NRG Energy: An Integrated Power Company

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The company I'm going to introduce is $NRG Energy Inc(NRG)$.

It went public on June 5, 2000.

 [Company Profile]

NRG Energy, Inc., together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West.

The company is involved in the producing, selling, and delivering electricity and related products and services to approximately 6 million residential, commercial, industrial, and wholesale customers. It generates electricity using natural gas, coal, oil, solar, nuclear, and battery storage.

As of December 31, 2021, it owns and leases power generation portfolio with approximately 18,000 megawatts of capacity at 25 plants. NRG Energy, Inc. was founded in 1989 and is headquartered in Houston, Texas.

[History & Events]

1989: NRG Energy was founded as one of NSP’s wholly owned subsidiaries and is headquartered in Princeton, NJ.

2000: NRG Energy completed its initial public offering on June 5 on the NASDAQ.

2003: NRG Energy filed for chapter 11 bankruptcy. In the reorganization of the company, Xcel Energy relinquished their ownership interest and NRG Energy became an independent, public company after bankruptcy.

2005: The company acquired Dynegy’s 50% of 1,800 MW of generation in California.

2014: NRG Energy acquired Roof Diagnostics Solar (RDS), a residential solar power installation company, for an undisclosed amount.

2015: NRG Energy released David Crane of his duty and Mauricio Gutierrez, the Chief Operating Officer at the time, was brought on as Chief Executive and President of NRG Energy.

2018: NRG Energy acquired XOOM Energy, a retail electricity provider, for $210 million.

2020: NRG Energy and Centrica entered an agreement under which NRG would acquire Direct Energy for $3.625 billion in an all-cash transaction.

[Main Business Segments]

Source: TigerTrade

[Net Income & Total Revenue]

Source: TigerTrade

Source: TigerTrade

[Competitors]

$NRG Energy Inc(NRG)$

Ontario Power Generation

$Vistra Energy Corp.(VST)$

$Ormat(ORA)$

$Ameresco(AMRC)$

Austin Energy