NRG Energy expects to lay off another 200 plus employees as a result of a merger with GenOn Energy earlier this year, according to state employment records.
The two companies completed their merger in December 2012, creating the nation’s largest competitive power generation company.
Independent generators such as NRG and GenOn sell electricity into deregulated wholesale markets.
The merger has meant a reduction of about 400 to 500 positions, as GenOn’s corporate office in Houston is incorporated into NRG’s head office in New Jersey. To do so, more than 200 employees have already been severed and the company expects to lay off the remainder in the next few months.
NRG Energy is actively working to place many of these employees in new positions with the company, according to John Ragan, President NRG Energy’s Gulf Coast Region.
NRG Energy believes that the merger will enable it to generate more jobs than those lost as it further develops the retail side of its business.
What is not noted in the documents filed with the state, Ragan said, “is that the merger has established a platform for growth as we expand in traditional, alternative and renewable generation as well as greater retail choice in how your power is generated and how you use it.”
The merger has created about 180 new positions, and NRG has already hired more than 70 new employees, and is actively recruiting for the remaining positions, Ragan said.