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NRG Energy

Outside the Diablo Canyon nuclear power plant at Avila Beach, California, U.S., on Friday, March 30, 2012. Photographer: David Paul Morris/Bloomberg

Feds approve new nuclear reactors near Houston

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Two hurdles for the projects could delay NRG’s plans indefinitely, however.
(Bob Owen/San Antonio Express News)

City makes deal with Reliant for more green power

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The city is now working to negotiate a 12-month extension with Reliant, a subsidiary of Houston-based NRG Energy.
The W. A. Parish power plant on Friday Sept. 5, 2014 in rural Fort Bend County, TX.  (Eric Kayne/Invision for NRG/AP Images)

Stalled carbon capture coal project in Texas begins to move forward

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Summit Power Group’s Texas Clean Energy Project is a planned 400-megawatt, coal gasification power plant on 600 acres in West Texas to produce electricity, trap carbon for enhanced oil recovery, and create urea and sulfuric acid from byproducts to help make fertilizers. The idea is to trap 90 percent of the emitted carbon for a power plant that runs cleaner than its natural gas-fired counterparts.
David Crane, president and chief executive officer of NRG Energy Inc., speaks during a Bloomberg Television interview at the Robin Hood Investors Conference in New York, U.S., on Tuesday, Nov. 17, 2015. Crane said that the market is craving simplification and that he would not focus on acquisition. Photographer: Michael Nagle/Bloomberg  *** Local Caption *** David Crane

NRG Energy CEO David Crane steps down amid financial woes

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Crane, who led NRG for 12 years out of bankruptcy and into greater national relevance, is being replaced by Executive Vice President and Chief Operating Officer Mauricio Gutierrez.
The W. A. Parish power plant on Friday Sept. 5, 2014 in rural Fort Bend County, TX.  (Eric Kayne/Invision for NRG/AP Images)

NRG Energy begins selling power plants to fix finances

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NRG, which has seen its stock value fall by 55 percent since the beginning of the year, is in the process of spinning off its solar assets and selling some fossil fuel power plants to reduce its portfolio and improve cash flows.
David Crane, president and chief executive officer of NRG Energy, Inc. ,  looks at Solar panels above a parking lot at Arizona State University in Tempe, Arizona Tuesday June 11, 2013. (Laura Segall/ Bloomberg News)

NRG Energy makes management shifts amid sinking stock

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NRG President and CEO David Crane bemoaned the “unabated selloff in our stock” earlier in November.
David Crane, president and chief executive officer of NRG Energy, Inc. ,  looks at Solar panels above a parking lot at Arizona State University in Tempe, Arizona Tuesday June 11, 2013. (Laura Segall/ Bloomberg News)

NRG posts first quarterly profit of 2015, but it’s down from last year

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NRG, which is in the midst of a “reset” to cut costs and spin off its financially struggling solar and wind businesses, announced $67 million in net income for the quarter, down from $182 million during the same time last year.
(Photo by Robert Nickelsberg/Getty Images)

Southern Company and South Korean utility team up on “clean coal”

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Southern Company is seeking to set the global blueprint on making clean-coal projects work.
(AP Photo/Mark Lennihan, File)

Battery storage may soon play key role in electric grids

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The “batteries charge up for the electric grid” study contends that ever-decreasing manufacturing costs from Tesla Energy and other companies will make lithium-ion batteries more economical in about three to five years, starting in states with financial incentives like California, Hawaii, New York and other Northeastern markets.
(Brett Coomer / Houston Chronicle)

NRG plans to spin off solar and sell some power plants

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NRG has emphasized its solar growth the last couple of years, but Crane acknowledged Friday that investors have pushed for changes and NRG is six months behind on its solar installation goals.