The Chalk Point Generating Station is an electricity-generating plant, comprising oil and natural gas fired units, owned by NRG Energy , located near the town of Eagle Harbor, Maryland , United States, on the Patuxent River .
69-725: Plant operator GenOn Energy Holdings closed the two coal-fired units at the plant in June 2021. Environmental and community advocates supported the closure, but highlighted the lack of plan in Maryland to support a " Just Transition " for the community and employees of the plant. The facility consists of Units 3 and 4, which are oil and natural gas fired units rated at 659 MWe each, put into service in 1975 and 1981. These units are cooled by natural draft cooling towers . The units comprise seven combustion turbines owned and operated by NRG. The combined name-plate capacity of all seven combustion turbines
138-567: A green energy producer in the United States and started investing money in clean energy projects. They include onshore and offshore wind power, solar thermal energy , photovoltaic , and distributed solar power facilities, and repowering of some of their traditional coal plants with biomass . In late 2010, NRG launched the EVgo network, the first completely private public car charging station network for electric power vehicles. In 2016, NRG sold
207-486: A company formerly known as Reliant Energy . The merger, which was completed on December 3, 2010, resulted in a company known as GenOn Energy. Researchers at the University of Massachusetts Amherst identified Mirant as the 63rd-largest corporate producer of Air pollution in the United States , based on 2002 data, with roughly 19 million pounds of toxic chemicals released annually into the air. Major pollutants indicated by
276-565: A company, the company should not be in Chapter 11—and if there isn't, there is no reason for a committee of people without such an interest. But the judge did find it sufficiently likely in Mirant that there would be equity interest after re-organization to create such a committee. In January 2006, Mirant emerged from bankruptcy and the company was relisted to the New York Stock Exchange under
345-451: A computer. Federal Judge Douglas P. Woodlock denied Mirant’s motion to vacate the award, and the union’s motion for judgment was granted. NRG Energy NRG Energy, Inc. is an American energy company, headquartered in Houston , Texas . It was formerly the wholesale arm of Northern States Power Company (NSP), which became Xcel Energy , but became independent in 2000. NRG Energy
414-664: A controlling interest in Hong Kong based Consolidated Electric Power Asia (CEPA), a stake in a German utility BEWAG, controlling interest in Empresa Electrica del Norte Grande, S. A. (EDELNOR) in Chile, and a hydroelectric generating facility in Argentina known as Hydroelectrica Alicura; giving it worldwide business interests in the Caribbean, Asian, South American and European energy markets. On
483-567: A group of private equity firms for roughly $ 5.9 billion. Afterwards, in May 2009, NRG Energy acquired the retail operations of Reliant Energy. With those two moves, NRG's holdings represented most of the former HL&P and today serve 1.6 million customers in Texas. The retail operations continue to operate under the Reliant Energy name, while old Reliant's wholesale operations became RRI Energy . Following
552-626: A net ownership of 24,357 MW of generation globally, with 19,077 MW in the United States. From 1996 to 2001, the operating revenue increased from $ 104 million to $ 3 billion, and the debt increased from $ 212 million to $ 8.3 billion. By 2002, the debt had reached $ 9.4 billion, and NRG Energy sold its power plants in Hungary and the Czech Republic. To avert default by NRG, Xcel sold $ 500 million in stock in July 2002. In 2003, Xcel Energy paid NRG Energy $ 752 million for
621-490: A number of customers from Pioneer Energy of Sugar Land and Stat Energy of Richardson, as well. In July of that year, a heat wave caused the day-ahead pricing spike to $ 2,172 per MW hour, compared to $ 28 per MW hour the previous summer. NRG Energy partnered with Cummins in December 2017 to offer backup generators to run as part of an asset-backed demand response system. The Cummins natural-gas-fired genset would be used when
690-434: A peak capacity of 400 kW and provide enough power during the year to offset the cost of power consumed at 49ers home games. NRG Energy provided sustainable energy for Super Bowl LI in 2017 at NRG Stadium . The stadium received power from 600 solar panels and used only LEDs to light up the field, using 60% less energy than previously. NRG Energy also agreed to provide renewable energy credits for any venue associated with
759-550: A proposed turbine replacement project which would represent a total proposed capacity of 579 MW. The turbine upgrades listed in the filing are new simple-cycle turbines. The filing states that since the proposed capacity is not 25 MW greater than the existing facility, Article 10 regulation is not required. As of November 2018, no ruling has been issued by the NYSPSC. JPMorgan Chase announced their plans in 2017 to power all their facilities in Texas through 100% renewable power by 2020. By
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#1732868762091828-487: A residential solar power installation company, for an undisclosed amount. RDS headquarters remained in Wall Township, New Jersey while they operated under NRG Residential Solar Solutions. That same month, NRG also acquired the retail power business of Dominion Resources Inc., which included Texas-based Cirro Energy and added 600,000 customer accounts to NRG Energy's retail business. Cirro Energy has continued to operate under
897-775: A result of the restructuring of the electricity generating industry in Maryland . The station was included in the Mirant spin-off from the Southern Company in April 2001. Mirant was merged into GenOn Energy in 2010, and GenOn merged into NRG in 2012. In 2013 NRG signaled that it planned to retire the Chalk Point Generating Station and Dickerson Generating Station in May 2017 but the plant held on for at least another decade. GenOn announced in August 2020 that it planned to shut down
966-668: A two-year agreement beginning in January 2011 to provide 100% renewable energy for the Empire State Building . In 2012, NRG Energy partnered with the DLR Group to design an open-air, solar system for Patriot Place in Massachusetts. The solar array produces an estimated 30% of the power for Patriot Place and provides renewable energy education for visitors at kiosks, electric vehicle charging stations, and off-grid solar “Helios” at
1035-590: Is 601 MWe. Units ST1 and ST2, closed in 2021, are coal-fired dry-bottom, wall-fired steam generating plants rated at 364 MWe each. They were put into service in 1964 and 1965. The Chalk Point plant began service in 1964. All of the GenOn generating units at the Chalk Point Generating Station were built by the Potomac Electric Power Company , which sold them to the Southern Company in December 2000 as
1104-528: Is deployed, it can then monitor the operations and the performance of the building. NRG Energy mapped 24 different utility territories outside of SCE. By 2018, NRG Energy no longer owned SpaceTag as Station A became a standalone company. NRG Energy owns a minority stake in the company and is a customer of Station A. After the GenOn merger in 2012, NRG had 47,000 MW of total generation capacity, enough to power approximately 40 million homes. Its nearly 100 power plants were located in 18 states in
1173-414: Is involved in energy generation and retail electricity. Their portfolio includes natural gas generation, coal generation, oil generation, nuclear generation, wind generation, utility-scale generation, and distributed solar generation. NRG serves over 7 million retail customers in 24 US states including Texas, Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Ohio;
1242-756: The Amtrak Northeast Corridor line. The coal was delivered from trains staged at the CSX Benning Yard (also former PRR facilities) in Anacostia, Washington, DC. The electrical output of Chalk Point Generating Station is dispatched by the PJM Interconnection regional transmission organization . In 2006 the U.S. Environmental Protection Agency (EPA) reported that the Chalk Point plant emitted over 21 lbs/MWh of sulfur dioxide (SO 2 ), ranked as
1311-603: The NRG Astrodome , NRG Stadium , NRG Arena and NRG Center . NRG Energy also holds the naming rights for a NRG Station (formerly AT&T Station), a rapid transit station in Philadelphia , Pennsylvania . NRG Energy has multiple products and services, including generation facilities, operations, management services (O&M), retail electricity, commercial industrial backup generators, and an internal data analytics engine called SpaceTag. In 2014, NRG Energy helped restart
1380-449: The megawatts of power while reducing emissions. As of 2018, of the 19 Astoria facilities listed in the 2018 NYISO Gold Book as being owned by NRG, 7 of the facilities are on the deactivated list (at a total of 140 MW of capacity rights), and 12 of the facilities (at a total of 558 MW in nameplate capacity) have each consistently produced less than 15 GWh a year since 2011. This is equivalent to running at full capacity for less than 4% of
1449-519: The 24th largest such emitter in the United States. It was ranked as the 43rd largest emitter of nitrogen oxides ( NO x ). In 2010 EPA reported that Chalk Point emitted 4.7 million metric tons of carbon dioxide (CO 2 ). In 2019 the plant emitted 0.6 million metric tons of CO 2 . In August 2018, the Maryland Department of the Environment (MDE) required three generating stations across
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#17328687620911518-469: The Aspen Power plant, the first wood-based biomass plant in Texas. The plant is overseen by InventivEnergy LLC, but NRG operates and maintains the facility, including hiring the management team and operating staff. The plant consumes 525,000 tons of logging debris and municipal wood waste annually and can produce 50 MW of power. Aspen Power uses a stoker-type boiler that is made to reduce the air pollution from
1587-1042: The Carlsbad Energy Center natural gas project (527 MW) and the Buckthorn Solar project (154 MW) from NRG Energy. Cleco Corporate Holdings purchased NRG's South Central business for $ 1 billion in price and cash proceeds. The South Central business had 3,500 MW generation capacity, including the natural gas facilities Bayou Cove plant (225 MW), Sterlington plant (176 MW), and the Cottonwood plant (1,263,000 MW). NRG Energy also sold 1,891 MW of coal-fired capacity to Cleco from their Big Cajun-I and Big Cajun-II plants. In July 2018, NRG Energy released GenOn and paid $ 125 million in net payment during GenOn's bankruptcy settlement. In 2018, NRG Energy reduced its generation capacity to 23,000 MW. They also reduced their power plants from 100 to 40, but they retained 2.9 million retail customers. Beginning in 2009, NRG began an initiative to become
1656-465: The Chief Operating Officer at the time, was brought on as Chief Executive and President of NRG Energy. That same month, NRG's shares rose by 63% and closed at $ 17.90 after it had fallen by 60% in 2015. For the first three months of 2016, the company posted a net income of $ 47 million in comparison to the net loss of $ 136 million the first quarter of 2015. Gutierrez stated that paying down debt
1725-530: The Cirro name. In September 2014, NRG acquired Goal Zero, a manufacturer of personal solar power products. The following month, NRG Energy acquired the residential solar company Pure Energies Group, which focused on web-based customer acquisition. This provided a simplified solar adoption process as well as a sales channel for Goal Zero. In March 2018, NRG acquired XOOM Energy, a mainly residential-focused, retail energy supplier with 300,000 RCE customers. The sale price
1794-882: The District of Columbia, and eight provinces in Canada. NRG Energy has acquired eleven other energy companies, both generation and retail, that include Reliant Energy , XOOM Energy, Green Mountain Energy , Stream Energy , GenOn Energy , Discount Power and Cirro Energy. As of 2018, they generate 23,000 MW of power from 40 power plants across the country. 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. NRG Energy
1863-675: The EVgo charging network to Vision Ridge Partners, a Colorado-based sustainable - energy investment firm, for an undisclosed amount. In December 2019, LS Power signed an agreement to acquire EVgo. In January 2021, EVgo announced its plans to go public via a SPAC merger , which was completed in July 2021 with the "EVGO" ticker on the Nasdaq. In March 2021, EVgo announced plans to install chargers at midwest retail chain Meijer's superstores. Green Mountain Energy, one of NRG Energy's retail subsidiaries, signed
1932-492: The East, which was added to NRG Energy's retail profile. In a partnership with Cypress Creek Renewables, NRG is offering a long-term, fixed price, consumer solar energy project in June 2018. The first customer of the project is Sysco, who has signed a 10-year renewable energy agreement. Cypress Creek Renewables will build, own, and operate three solar gardens in Texas that will have a combined power capacity of 25 MW. NRG Energy will buy
2001-562: The Energy Policy Act of 1992 deregulation arrived in the US electric power sector, and SEI ventured into global markets with the acquisition of a 50% stake in Freeport Power, a Bahamian utility. In the years to come, other acquisitions followed, notably the acquisition of a British distribution utility - South Western Electricity Board later renamed SWEB (now known as Western Power Distribution);
2070-718: The Hudson River Valley Area. Following proceedings in state court, a settlement was reached between Mirant and the towns in December 2006, with taxes based on lower assessed values of the two power plants. Local 369 of the Utility Workers Union of America (UWUA) recently succeeded in enforcing an arbitration award in the United States District Court for the District of Massachusetts . The court determined that Mirant did not have just cause to discharge two workers for viewing pornographic materials on
2139-499: The NRG fleet shrunk to 23 GW but retained 2.9 million retail customers. The new fleet has 11.5 GW of generation (46% natural gas generation, 31% coal generation, and 15% oil generation) in Texas, 9.7 GW of generation in the East, and 2.6 GW of generation in the West. In March 2018, NRG Energy acquired XOOM Energy, a retail electricity provider, for $ 210 million. XOOM Energy served 300,000 customers in
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2208-767: The Northeast, Chicago area, Gulf Coast, Southwest, Nevada, and California. Generation facilities include mostly fossil fuel power plants powered by natural gas, oil, and coal; plus four wind farms (in Texas) and six solar farms (in California, Arizona, and New Mexico). NRG also has a 44% ownership stake in the South Texas Nuclear Generating Station and a 37.5% stake in a coal power plant in Gladstone, Queensland , Australia. Some facilities use cogeneration and
2277-490: The O&;M business, and the development business for $ 1.375 billion in cash proceeds. NRG Yield had a diverse portfolio of energy generation including wind, solar, and natural gas, with a total operating capacity of 5,100 MW. The O&M platform managed 2,400 MW of renewable energy in 17 different states, and the development business had 6,400 MW of renewable generation opportunities in the project pipeline. GIP and NRG Yield purchased
2346-678: The Super Bowl, such as the George R. Brown Convention Center and the hotels where the teams were staying. NRG Energy installed 11,000 solar panels and 14 wind turbines at the Eagles’ Lincoln Financial Field stadium. These renewable energy installations made the stadium the largest solar power plant in the NFL. The solar power plant produces 40% of the Eagles’ own energy and feed the energy back into
2415-428: The United States. In 2012, they added GenOn Energy for $ 1.7 billion and in 2013, they added Edison Mission for $ 2.6 billion. This gave the company 46,000 MW total of generation capacity. In 2013, they also added a demand response company: Energy Curtailment Specialists, Inc. The business later became NRG Curtailment Solutions, Inc. During December 2015, NRG Energy released David Crane of his duty and Mauricio Gutierrez,
2484-508: The acquisition of Reliant, NRG extended its retail footprint with the acquisition of Green Mountain Energy in November 2010. In doing so, NRG also became the largest retailer of green power in the nation, providing all of its Green Mountain and many of its Reliant customers with energy derived from 100% renewable resources. NRG Energy completed its acquisition of GenOn Energy in December 2012 for $ 1.7 billion in stock and cash. The GenOn name
2553-984: The benefit of NRG Energy's creditors and took a $ 2 billion write-off. On May 14, 2003, NRG Energy filed for chapter 11 bankruptcy. In the company's reorganization, Xcel Energy relinquished its ownership interest, and NRG Energy became an independent, public company after bankruptcy. David W. Crane joined NRG as the chief executive in December. The reorganized NRG Energy eliminated about $ 5.2 billion of corporate debt along with $ 1.2 billion of additional claims by giving equity and cash to unsecured creditors. By 2005, NRG Energy expanded again and added 7,600 MW of domestic capacity to its portfolio. The company acquired Dynegy's 50% of 1,800 MW of generation in California. They also acquired Texas GenCo in 2006, Reliant Energy in 2009, and Green Mountain Energy in 2010. The company began to focus on domestic markets and retreated from international electricity markets . By 2011, NRG Energy's generation portfolio had 25,135 MW, with only 1,000 MW outside of
2622-542: The best combination of distributed resources for every building in a given territory and showed what it was worth to each customer. NRG tested SpaceTag to gather "60 megawatts of flexible clean energy capacity for key parts of SCE's [Southern California Edison] Orange County and Los Angeles power grid". The platform, developed by NRG's Station A research team in San Francisco, was originally intended to help with customer acquisition but has since evolved. SpaceTag used data about
2691-544: The company also owns 28 MW of solar distributed generation . NRG Energy owns the Indian River Power Plant near Millsboro, Delaware. The plant is a 784 MW facility that produces electricity from the combustion of coal. During 2018, NRG Energy sold four of their wholesale generation platforms: NRG Yield, Operations & Management (O&M) business, development business, and NRG's South Central business. Global Infrastructure Partners (GIP) bought NRG Yield,
2760-404: The disruption to the independent power industry precipitated by the bankruptcy of Enron, on July 14, 2003, after months of attempting to restructure its debt, the company sought Chapter 11 bankruptcy protection . The Mirant bankruptcy proceedings were unusual in that the court agreed to the appointment of a committee of equity holders. The usual reasoning is that if there is any positive equity in
2829-496: The domestic front the company forged a joint venture in 1999 with Houston-based Vastar Energy to create Southern Company Energy Marketing, an electricity and gas trading company. That same year the company also acquired power generation facilities in New England (Canal station, Martha's Vineyard Diesels, Kendall Station), New York (Lovett and Bowline stations), California (Pittsburg, Potrero and Contra Costa stations). That same year SEI
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2898-728: The end of 2017, 75% of JPMorgan Chase's facilities ran on wind energy provided through NRG Energy's Buckthorn wind farm in Erath County . In 2018, NRG Energy was recognized for supporting the environment in the Hudson Valley through NRG Community Solar. The community solar company builds solar farms with industrial grade solar panels that produces and delivers clean energy directly to the power grid. This allows residents who cannot purchase rooftop solar to invest in solar energy generation and receive solar credits on their utility bills. The solar farms are maintained year-round, creating local jobs in
2967-416: The energy and schedule, distribute and manage the energy for Sysco. The solar project is expected to come online by the first quarter of 2019. The solar installations are expected to provide 10 percent of Sysco's electricity nationwide by generating 25 megawatts of power. NRG Energy is offering solar renewable program contracts for 7–10 years, with the ability to customize the program. The company also assumes
3036-621: The fall of 2000, parent Southern Company completely spun off its interests in Southern Energy in April 2001 and a new publicly listed entity named Mirant Corporation began trading on the New York Stock exchange with the ticker symbol MIR. Between 2000 and 2003, the company continued its expansion in the U.S. markets with the acquisition or greenfield development of various gas-fired power plants in markets like Nevada, Texas, Wisconsin, Indiana, Arkansas, Louisiana, Georgia and Florida. Following
3105-449: The grid is down, and it could shave 10 to 15 percent off energy bills by running it as part of an aggregated fleet of an "estimated hundreds of megawatts capacity". The backup generators help gas stations, supermarkets, ATMs, and other everyday life necessities during power outages from hurricanes or other natural disasters. In April 2017, NRG Energy publicly mentioned its in-house analytics platform SpaceTag. The analytics engine found
3174-592: The grid, which they buy back from NRG at a discounted rate. The Eagles and NRG Energy are in a multi-year corporate sponsorship agreement that helps the Eagles regulate their energy costs. New York State Assemblywoman Aravella Simotas has been chair of a coalition to support the utility in their plan to replace its power plant in Astoria with a newer generator. The company stated its intention in 2012 to replace 31 older oil generators with new gas generators that will increase
3243-507: The main entrance. The solar panel canopies also offer weather protection and reduce carbon emissions by an estimated 800 metric tons a year. In 2013, NRG Energy helped the San Francisco 49ers Stadium gain LEED certification by installing three solar array-covered bridges, a solar canopy over the green roof on the suite tower, and solar panels over the 49ers training center. The solar arrays have
3312-553: The new name and ticker symbol (CWEN and CWEN.A) in the New York Stock Exchange on September 17. These sales are estimated to reduce NRG Energy's debt by $ 7 billion and reduce their energy generation portfolio from 50,000 MW (50 GW) to 24,000 MW (24 GW). In March 2018, the company planned to hasten its transition from an independent power producer model (IPP) to a customer driven integrated power model that favored retail businesses. After GenOn's exit in 2018,
3381-425: The physical attributes of a building, how it was used, and existing energy data to create an energy performance portfolio and then assessed its location in the power grid. It also used data from the distributed energy equipment, including its capital cost, associated costs of providing generation, the demand-reduction attributes over time, and the best mix of technology on the building and portfolio level. After SpaceTag
3450-669: The plant's owner, the Mirant Corporation, to stop opposing state and federal legislation against power plant pollution. Mirant, which owns and operates two power plants in the Hudson Valley Region of New York State, failed to pay its property taxes in a dispute with tax authorities, claiming over-assessments by the Towns of Stony Point and Haverstraw New York, as well as the North Rockland School District. Under
3519-731: The plant. NRG Energy took over the O&M for two more Texas plants in November 2016. The two facilities, Mustang and Antelope Elk Energy Center, are owned by Golden Spread Electric Cooperative Inc. Mustang is a natural gas turbine plant in Denver City that produces 958 MW of power. Antelope Elk Energy Center is also a natural gas facility located in Abernathy that creates 744 MW of power. In 2016, NRG Energy oversaw O&M for nine other generation facilities and had 9.2 GW portfolio. By 2018, NRG Energy maintained 2.4 GW of renewable power through their O&M operations in 17 different states. They sold
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#17328687620913588-1067: The renewable O&M business, along with NRG Yield and NRG's renewable energy development and operations, to Global Infrastructure Partners (GIP) for $ 1.375 billion in cash. NRG's Retail Power services provide electricity services to more than 3 million customers, mostly in Texas and the Northeast. In March 2014, NRG Energy acquired Dominion Resources Inc. and Cirro Energy, growing their retail electric customer base by 30 percent. It adds about 600,000 accounts to its existing 2 million residential and commercial customers. Dominion's retail electricity customers were mainly in Connecticut, Illinois, Massachusetts, Maryland, New York, New Jersey, Ohio, and Pennsylvania; Cirro mainly served residential and business customers in Texas. NRG Energy operates Cirro Energy under Cirro's name. In 2014, NRG Energy had two other retail electricity services, Reliant Energy and Green Mountain. By 2018, NRG Energy added Pennywise Power to its retail electricity portfolio. They picked up
3657-459: The risk of wholesale pricing fluctuation. In July 2018, NRG and GenOn consummated the NRG settlement resulting in NRG Energy paying GenOn Energy $ 125 million in a net payment during GenOn's chapter 11 bankruptcy agreement. The deal would help GenOn revamp its capital structure and reemerge with new debt instruments. In November 2023, Mauricio Gutierrez resigned from his role as CEO. Larry Coben
3726-440: The state, including Chalk Point, to meet current federal wastewater standards ( effluent guidelines ) by November 2020. The coal-fired units at these plants discharged arsenic and mercury to their respective receiving waters, as allowed by 1980s-era pollution standards under expired permits. Upgrading the plants' treatment systems to Maryland's current standards "could reduce discharges of toxic metals by 97 percent." EPA published
3795-433: The states of California, Georgia, Maine, Maryland, Massachusetts, Michigan, New York, and Virginia and has the capacity to generate approximately 10,300 MW of electricity. Mirant began its corporate existence in 1981 as Southern Electric International (SEI), a small consulting division of Southern Company that provided engineering and technical services to industrial companies, domestic and international utilities. With
3864-466: The study include sulfuric acid , hydrochloric acid , and chromium compounds. On November 10, 2004, a group of Chesapeake Climate Action Network activists, students, farmers, and religious officials held a protest against the coal-fired Dickerson Power Plant in Montgomery County, Maryland. During the protest, six people were arrested for trespassing on private property. The protestors called on
3933-548: The symbol MIR. The equity holders from the pre-bankruptcy Mirant did retain a portion of the equity of the re-organized entity. Prior to the bankruptcy filing, Mirant had attempted to expand the Potrero plant, but neighborhood and community activists fought the proposal for five years and on March 2, 2006, the California Public Utilities Commission announced its rejection of Mirant's expansion plans. The plant
4002-516: The terms of bankruptcy, Mirant held payment in excess of $ 180 million due this last several years while a settlement could be reached. This case, which has caused local residents to themselves file bankruptcy, cost the average taxpayer over $ 2000 in increased property taxes. The higher than average assessments paid to the local municipalities were part of a strategy used by the Consolidated Edison and Orange and Rockland Utilities , whose plants Mirant assumed after deregulation, to site their plants in
4071-413: The two coal-fired units in June 2021. Environmental and community advocates supported the closure, but highlighted the lack of plan in Maryland to support a Just Transition for the community and employees of the plant. Coal was delivered to the Chalk Point generating station by CSX Transportation trains via the Herbert Subdivision , a former Pennsylvania Railroad (PRR) line. This line is accessed via
4140-447: The updated federal standards in 2015. GenOn Energy Holdings GenOn Energy Holdings , formerly Mirant Corporation, was a subsidiary of GenOn Energy , and is now a part of NRG Energy . The company was spun off from its former parent, Southern Company , on April 2, 2001. The company was merged into GenOn Energy on 3 December 2010. The company then became part of NRG Energy in December 2012. Mirant operated 13 plants in
4209-474: The year. These 12 units still collect annual revenues from the NYISO's capacity market for not producing energy. For example, at 6.40 ($ /kW – Month), the 12 actively listed facilities would produce an annual capacity market revenue of $ 42.8 million for NRG. It is unclear if the 7 deactivated units still collect capacity market revenues. In July 2017, NRG filed a request with the New York State Public Service Commission to avoid Article 10 siting procedures for
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#17328687620914278-568: Was $ 210 million, which includes working capital and $ 6 million in transaction costs. It was an all-cash transaction that was funded with $ 75 million from excess cash and $ 135 million in debt. NRG Energy stated that the acquisition would serve to balance NRG's generation portfolio in the east. In May 2019, NRG agreed to purchase Stream Energy for $ 300 million. The deal was finalized that August. In July 2020, NRG Energy and Centrica entered an agreement under which NRG would acquire Direct Energy for $ 3.625 billion in an all-cash transaction. The deal
4347-544: Was a top priority. NRG Energy announced in February 2018 the sale of the company's stake in NRG Yield, a tax-advantaged renewable energy investment pass-through vehicle, to Global Energy Infrastructure Partners (GIP) and the sale of its Louisiana assets to Cleco Corporate Holdings. This included the 1,300 MW Cottonwood natural gas plant (1.3 GW), the 1,500 MW Big Cajun II coal and gas-fired plant (1.5 GW), and three other gas-fired peaking plants. In August, NRG Yield changed its name to Clearway Energy and began trading under
4416-448: Was approved in January 2021, adding more than 3 million retail customers across 50 US states and 6 Canadian provinces. In December 2022, NRG announced the acquisition of Vivint Smart Home for $ 2.8 billion in cash, adding home security and automation to its vast product offer, expected to close in the first quarter of 2023. NRG Energy holds the naming rights to the NRG Park campus (formerly Reliant Park) in Houston , Texas , home to
4485-546: Was formed in 1989 as one of NSP's wholly-owned subsidiaries. In 1997, NRG Energy, Inc. had 2,650 MW of generation and operational responsibility for a supplementary 5,374 MW. By 1998, the company began an aggressive acquisition campaign. It bought plants from Niagara Mohawk, San Diego Gas and Electric, Consolidated Edison, Montaup Electric, Rochester Gas and Electric, and Connecticut Light & Power. They continued to grow through acquisitions and in 2000, acquired Cajun Electric Power Cooperative's facilities. In 2001, NRG Energy had
4554-479: Was named Interim President and CEO. When the state of Texas deregulated the electricity market, Houston Industries , the parent company of Houston Lighting & Power (HL&P), was broken up. In 2003, Houston Industries was split into three companies. The power plants went to Texas Genco , CenterPoint Energy took over the distribution system, and the retail and wholesale electricity business became Reliant Energy . In 2006, NRG Energy bought Texas Genco from
4623-404: Was renamed Southern Energy, in keeping with the broader theme of the products and markets that it pursued. Soon afterwards, its biggest domestic acquisition to date came in December 2000 with the purchase of the Morgantown, Chalk Point, Dickerson and Potomac River power generating assets from Potomac Electric Power Company (PEPCO). After an initial public offering of Southern Energy common stock in
4692-448: Was retired in the merger, but the combined company retained GenOn's Houston headquarters to coordinate operations. That company, in turn, had been formed out of the merger of RRI Energy and Mirant Corporation in 2010. In August 2013, NRG acquired Energy Curtailment Specialists, a Buffalo, New York-based Demand response company. The terms of the deal were not disclosed. In March 2014, NRG Energy acquired Roof Diagnostics Solar (RDS),
4761-413: Was scheduled to be shut down sometime in 2007 in preparation for constructing a more modern replacement, but subsequently plans were scaled back and now call for the existing plant to simply be upgraded. In 2007, Mirant sold some gas-fired generating plants and its overseas power plants in the Philippines and in the Caribbean. On Sunday, April 11, 2010 Mirant announced it was merging with RRI Energy ,
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