All the Important Texas Electric Industry News in One Place, Fast; A Competitive Assets Website
NRG CEO: Independent Power Producer Model ‘Obsolete’
NRG CEO: Independent Power Producer Model ‘Obsolete’
Mar 2, 2017
by Margarita Fournier; Copyright 2016 by Competitive Assets, LLC. All rights reserved
On 3/1/17, UtilityDIVE reported that “NRG Energy lost almost $900 million last year, the result of lower power and gas prices along with a hefty ‘goodwill impairment charge.’ But despite the loss, the big news from the power producer’s earnings came from a comment made to journalists and financial analysts: Mauricio Gutierrez, NRG President and CEO, said the independent power producer model is ‘now obsolete and unable to create value over the long term.’ The comments come more than a year after the company reorganized itself, splitting off its renewables and maintaining a fleet of almost 50,000MW of fossil fuel generation.” Related news on NRG’s earnings is also at SNL Energy.
Competitive Assets
provides information and consulting for the Texas electric utility industry and is the information source relied upon by many retail electric providers, cooperatives, municipalities, generators, power marketers, brokers, aggregators, wires companies, PUCT staff, ERCOT staff, Texas legislators and staff, FERC staff, metering companies, members of the financial community, consumer representatives, and other parties interested in the Texas electric industry..
News Services provided by Texas Electric Market Monitor
====================
For a free trial subscription to any of these 3 news services, please send an email to freetrial. If you are interested in subscribing any of these 3 news services, please click here or call Texas Electric Market Monitor at 512-985-8167
Special Reports by Competitive Assets
How to Prepare Confidential Filings at the PUCT
====================
For more information about this special report, please click here or go to CA Store-Special Reports page.
Rate Updates Services
ERCOT TDU Rate Updates
Provides updates of approved rates for TDUs in ERCOT in a spreadsheet format, updated twice per month
If you are interested in subscribing this service, please click here
Texas Electric News Daily Email Service is a free service. If you like this news service, please consider supporting this website
Texas Electric News Daily Email Sign Up
Enter your name and email address to receive daily Texas Electric News Clip emails
==============================
Want to Share Your Opinion with Our Readers?
Articles or Press Releases may be submitted to Competitive Assets via CAcontact@texaselectricnews.com Please Click Here to see our policy on article submission.
Search This Website
TexasElectricNews.com is a Competitive Assets, LLC website. Information contained on this website and in any Competitive Assets, LLC publication is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The information on this website or in such publications may become outdated and there is no obligation to update any such information. Click here to review this website’s Privacy Policy.
Any Competitive Assets, LLC publication or web site and its content and images, as well as all copyright, trademark and other rights therein, are owned by Competitive Assets, LLC. No portion of any Competitive Assets publication or web site may be extracted or reproduced without permission of Competitive Assets, LLC. Click here to review this website’s Privacy Policy.