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Profile: NRG Energy Inc (NRG)

NRG on New York Consolidated

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27 Apr 2017
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NRG Energy, Inc. (NRG), incorporated on May 29, 1992, is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company's segments include Generation, Retail, Renewables, NRG Yield, Inc. (NRG Yield) and Corporate activities. The Generation segment includes generation, international and Boston Energy Trading and Marketing LLC (BETM). The Retail segment includes Mass customers and Business Solutions. Its Business Solutions include commercial, industrial and governmental/institutional (C&I) customers, and other distributed and reliability products. The Renewables segment includes solar and wind assets. The NRG Yield segment includes certain of the Company's contracted generation assets. The corporate activities segment includes residential solar and electric vehicle services.

The Company owned and operated approximately 47,000 megawatts (MW) of generation, as of December 31, 2016. It engages in the trading of wholesale energy, capacity and related products; transacts in and trades fuel and transportation services, and directly sells energy, services, and products and services to retail customers under the names NRG, Reliant and other retail brand names. It trades electric power, natural gas and related commodity and financial products, including forwards, futures, options and swaps, through its ownership of BETM, which is also an energy management service provider for primarily third-party generating assets. It operates a fleet of mid-merit and peaking natural gas plants across all the United States wholesale regions.

The Company's Gulf Coast wholesale power generation business is principally located in the Electric Reliability Council of Texas (ERCOT) and Midcontinent Independent System Operator, Inc. (MISO) markets. NRG's generation assets located in the East region of the United States are within the control areas of the New York Independent System Operator (NYISO), ISO New England Inc. (ISO-NE) and PJM Interconnection, LLC (PJM). The Company operates a fleet of natural gas fired facilities located entirely within the California Independent System Operator (CAISO) footprint.

NRG Business

The Company's wholesale power generation business includes the Company's wholesale operations, including plant operations; commercial operations; engineering, procurement and construction (EPC); energy services, and other critical related functions. In addition to the traditional functions, the wholesale power generation business also includes the Company's distributed generation business, consisting of reliability, combined heat and power and large-scale distributed generation. The Company had a diversified power generation portfolios in the United States, with approximately 42,000 MW of fossil fuel and nuclear generation capacity at 85 plants, as of December 31, 2016. The Company has generation assets located in or near Houston, New York City, Chicago, Washington D.C., New Jersey, southwestern Connecticut, Pittsburgh, Cleveland, and the Los Angeles, San Diego and San Francisco metropolitan areas.

Retail

The Company's Retail segment provides energy and related services, as well as personal power to consumers through various brands and channels across the United States. The retail segment delivered approximately 42 terawatt hours (TWhs) and served approximately 2.8 million mass Customers, as of December 31, 2016. Its retail segment has operations in various retail energy markets of Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Ohio and Texas, as well as the District of Columbia. Its consumers purchase products through a range of sales channels, including direct sales, call centers, Websites, brokers and brick-and-mortar stores.

The Company's Business Solutions focuses on providing distributed products and services. Its solutions include system power, distributed generation, solar and wind products, carbon management and specialty services, backup generation, storage and distributed solar, demand response and energy efficiency. It also provides energy services, including operations, maintenance, technical, development and asset management services to its own facilities and to external customers.

Renewables

The Company's Renewables segment focuses on the acquisition, development, operation and maintenance of utility scale wind and solar, community solar and distributed solar generation assets, as well as the management and operations of the renewable generation assets owned by NRG Yield. In addition, the asset management and operation, and maintenance groups within the renewables business managed a portfolio of wind and solar assets across 26 states, as of December 31, 2016.

In addition to assets in operation, the Company held a pipeline of 3,268 MW across the utility and distributed solar renewables markets, as of December 31, 2016. Its properties include Bingham Lake, Distributed Solar, Guam and Langford Wind Farm.

NRG Yield

NRG Yield is a company formed to serve as the primary vehicle, through which the Company, supported by NRG Renew and NRG Business, owns, operates and acquires diversified contracted renewable and conventional generation, and thermal infrastructure assets. NRG Yield contracted generation portfolio collectively represented 4,563 net MW as of December 31, 2016. Its thermal infrastructure assets had aggregate steam and chilled water capacity of 1,319 net megawatts thermal equivalent (MWt) and electric generation capacity of 123 MW. These thermal infrastructure assets provide steam, hot water and/or chilled water, and in some instances electricity, to commercial businesses, universities, hospitals and governmental units in multiple locations. The Company's NRG Yield business includes various projects, such as Alpine, Blythe, Borrego, California Valley Solar Ranch, El Segundo Energy Center and GenConn Devon.

Company Address

NRG Energy Inc

804 Carnegie Ctr
PRINCETON   NJ   08540-6023
P: +1609.5244500
F: +1609.5244501

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