In 2012, they added GenOn Energy for $1.7 billion and in 2013, they added Edison Mission for $2.6 billion. 2010s īy 2011, NRG Energy's generation portfolio had 25,135 MW, with only 1,000 MW outside of the United States. The company began to focus on domestic markets and retreated from international electricity markets. They also acquired Texas GenCo in 2006, Reliant Energy in 2009, and Green Mountain Energy in 2010. The company acquired Dynegy's 50% of 1,800 MW of generation in California. īy 2005, NRG Energy expanded again and added 7,600 MW of domestic capacity to its portfolio. 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. Crane joined NRG as the chief executive in December. In the company's reorganization, Xcel Energy relinquished its ownership interest, and NRG Energy became an independent, public company after bankruptcy. On May 14, 2003, NRG Energy filed for chapter 11 bankruptcy. In 2003, Xcel Energy paid NRG Energy $752 million for the benefit of NRG Energy's creditors and took a $2 billion write-off. To avert default by NRG, Xcel sold $500 million in stock in July 2002. By 2002, the debt had reached $9.4 billion, and NRG Energy sold its power plants in Hungary and the Czech Republic. 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. In 2001, NRG Energy had a net ownership of 24,357 MW of generation globally, with 19,077 MW in the United States. They continued to grow through acquisitions and in 2000, acquired Cajun Electric Power Cooperative's facilities. It bought plants from Niagara Mohawk, San Diego Gas and Electric, Consolidated Edison, Montaup Electric, Rochester Gas and Electric, and Connecticut Light & Power. By 1998, the company began an aggressive acquisition campaign. had 2,650 MW of generation and operational responsibility for a supplementary 5,374 MW. NRG Energy was formed in 1989 as one of NSP's wholly-owned subsidiaries. Their wholesale generation services include plant operations, commercial operations, energy services, distributed generation services, and energy, procurement, and construction (EPC) services. They incorporate a range of sales channels for retail customers, including call centers, direct sales, websites, brokers, and brick-and-mortar stores. As of 2018, they generate 23,000 MW of power from 40 power plants across the country. 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. NRG serves over 7 million retail customers in 24 US states including Texas, Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Ohio the District of Columbia, and eight provinces in Canada. Their portfolio includes natural gas generation, coal generation, oil generation, nuclear generation, wind generation, utility-scale generation, and distributed solar generation. NRG Energy is involved in energy generation and retail electricity. It was formerly the wholesale arm of Northern States Power Company (NSP), which became Xcel Energy, but became independent in 2000. is an American energy company, headquartered in Houston, Texas.

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