NRG

The Public Utility Commission of Texas (PUCT) has executed its first agreement under the Texas Energy Fund (TxEF) Completion Bonus Grant (CBG) Program, awarding the Lower Colorado River Authority (LCRA) up to $22.56 million for its 188-MW Timmerman Power Plant Unit 1, a new natural gas–fired plant in Caldwell County, Texas. The agreement marks the operational launch of Texas’s performance-contingent funding mechanism, which is designed to accelerate […]

Capacity prices in PJM Interconnection’s latest auction spiked to the market’s price ceiling, hitting $329.17/MW-day across the board for the 2026/2027 delivery year—the maximum allowed under new Federal Energy Regulatory Commission (FERC) rules. The regional transmission organization’s (RTO’s) competitive Base Residual Auction (BRA), conducted on July 9, 2025, and released on July 22, secured 134,311 […]

Officials with PJM Interconnection said a coal-fired power unit in Delaware can be closed two years ahead of schedule. The grid operator this month announced the Indian River Unit 4, a 411-MW generator in southern Delaware owned by NRG, can be taken offline without negative impacts to power reliability. The Indian River plant, located in […]

A major Pennsylvania coal-fired power plant, the largest coal-burning facility in the state before it was closed in 2023, may be converted to a natural gas-fired station. Officials in Homer City on Dec. 3 announced plans to restart the Homer City Generating Station and increase its generating capacity through burning natural gas. A redevelopment group […]

The interim CEO of Texas-based NRG Energy Inc. said the company plans to apply for up to $900 million in loans from the state in order to finance construction of new natural gas-fired power plants. Larry Coben, who was appointed interim CEO in November 2023 after the resignation of long-time CEO Mauricio Gutierrez, on Feb. […]

American Electric Power (AEP) and Calpine Corp. separately announced significant leadership reshuffles on Feb. 27, marking new chapters for the power giants. Investor-owned utility AEP, with immediate effectiveness, removed AEP Chair, President, and CEO Julie Sloat, appointing Benjamin G.S. Fowke III, an AEP Board of Directors member and the former chairman and CEO of Xcel Energy, […]

Customization is what we expect from our coffee order, not something we associate with an electricity plan. But like other industries influenced and motivated by the Internet of Things (IoT) age, the energy industry is having a renaissance that is changing customers’ relationship with power. Customers want their electricity to do more than keep the […]

December 7, 2022 – Framatome signed two contracts with NRG to supply enriched uranium targets and fuel elements for the High Flux Reactor (HFR) in the Netherlands. The HFR research reactor produces more than 60% of Europe’s medical isotopes, primarily for the use in diagnostic nuclear imaging scans. “We are pleased to continue our long […]

A new wastewater rule authorized by the U.S. Environmental Protection Agency (EPA) earlier this year is leading several coal-fired plants to announce closure plans, according to an analysis of state regulatory filings by the Sierra Club. The group said at least 26 plants in 14 states have said they will stop burning coal, with 21 […]

–11th Annual Sustainability Report Documents Greater than 35 Million Metric Ton Reduction in Carbon Dioxide Equivalent Emissions Since 2014– NRG 2020 Sustainability Report June 23, 2021 07:24 AM Eastern Daylight Time HOUSTON–(BUSINESS WIRE)–NRG Energy, Inc. (NYSE:NRG), North America’s leading integrated energy and home services company published its eleventh annual sustainability report today. The company has reduced […]

NRG Energy Inc. said it will retire three coal-fired power plants—two in Illinois and one in Delaware—next year after disappointing results in the May 2021 capacity auction for the PJM Interconnection. NRG during its June 17 investor day presentation said about 1.6 GW of coal-fired generation would be closed, including the 682-MW Waukegan and 510-MW […]

The Texas-based company that owns a coal-fired power plant in Maryland announced it will retire the facility’s three generating units, which have been in operation for about 60 years. GenOn Holdings said Units 1, 2, and 3 at its Dickerson Generating Station will be closed due to “unfavorable economic conditions and increased costs associated with […]

Operators of the world’s nuclear reactors are doing more than keeping the lights during the coronavirus pandemic. Along with taking steps to protect their workforce, and having plans in place to keep their facilities running at a time of critical need for power, they also are using nuclear technologies to detect and fight COVID-19. From […]

A public relations expert who worked for a major coal generator provides key advice to professionals joining the power sector amid the energy transition.

The list of 181 CEOs who earlier this week moved to publicly degrade shareholder value in a bid to redefine the “purpose of a corporation” includes several chief executives from power companies.  The Aug. 19 statement issued by the Business Roundtable, an association of CEOs “to promote a thriving U.S. economy and expanded opportunity for […]

The U.S. Supreme Court’s refusal to reconsider industry-led challenges to state nuclear subsidy programs in New York and Illinois leaves the contentious matter to the Federal Energy Regulatory Commission (FERC).  The high court on April 15 declined to accept petitions for review of decisions by the Second Circuit and Seventh Circuit, dealing a major blow […]

Grappling with a historically low planning reserve margin of 7.4%, owing to a mass of coal plant closures, the Electric Reliability Council of Texas (ERCOT) is forecasting record electric use this summer and warns it could issue energy alerts at “various times.”  ERCOT said its March 5–released final Seasonal Assessment of Resource Adequacy (SARA) for […]

Analysis based on testing mostly conducted by energy companies shows that water near all but two coal plants in Illinois is contaminated with toxic waste. The Chicago Tribune on November 28 reported that a compilation of industry-supplied data from 24 Illinois coal plants shows harmful levels of arsenic, chromium, lead, and other heavy metals in […]

NRG Energy, which recently shed a substantial portion of its competitive generation portfolio and has shifted efforts to stimulate growth of its retail business, unveiled a simplified renewables procurement process that does not require a power purchase agreement (PPA).  The company on October 18 launched “Renewable Select,” a plan that it says transforms the “lengthy […]

The Seventh Circuit Court of Appeals has declined to rehear a case that challenges nuclear subsidies in Illinois, effectively dealing a blow to a group of competitive generators, which have fought the measure for several years. In an order issued on October 9, the appellate court said its full judicial panel had voted to deny […]

New York’s subsidies of nuclear power are legally sound, the U.S. Court of Appeals for the Second Circuit has concluded. The decision comes two weeks after the Seventh Circuit upheld a similar measure in Illinois. The development marks a victory for the nuclear industry, which has been financially crippled by the rise of cheap gas […]

A long-stalled plan to repower NRG Energy’s coal-fired 435-MW Dunkirk power plant in Chautauqua County, near Buffalo, New York, to natural gas may be scrapped, owing to uncertainty involving New York Independent System Operator’s (NYISO’s) interconnection process, the company said. NRG mothballed all four units at the plant by January 2016 during four years of […]

The Trump administration’s attempt to prop up uneconomic “fuel secure” generators in competitive markets is just the latest in a string of recent “extra-market” interventions that experts said imperil independent organized markets for electricity. In a recent white paper, Raymond Gifford and Matthew Larson, energy partners at Wilkinson Barker Knauer LLP, said the restructured administrative […]

Few entities have expressed approval of the Trump administration’s plan that includes a directive for system operators to buy or arrange purchase of energy or capacity from designated “fuel secure” power plants for two years until the Department of Energy (DOE) can address “grid security” challenges. The 41-page draft memo dated May 29—which was presumably authored […]

The U.S. Department of Justice (DOJ) and the Federal Energy Regulatory Commission (FERC) on May 29 told the U.S. 7th Circuit Court of Appeals that Illinois’ nuclear subsidy program does not preempt federal statute, siding with the state and Exelon Corp. in a contentious legal fight that has divided the power sector. The case, now […]

The generating fleets owned by some of the largest companies in the U.S. (ranked here by capacity in 2017) have transformed over the past four years, in some cases dramatically, as total revenues fluctuated. Sources: Fidelity Investments (revenue data standardized by S&P Capital IQ); EIA-860 detailed data; SEC 10-K filings, and company websites. —Copy and artwork by Sonal Patel, a […]

A day after FirstEnergy Corp.’s competitive arm notified PJM Interconnection it would close four uneconomic nuclear units—a total of 4 GW—in Ohio and Pennsylvania between 2020 and 2021, it urged Energy Secretary Rick Perry to issue an emergency order directing the regional transmission organization (RTO) to secure nuclear and coal capacity for long-term reliability. FirstEnergy […]

NRG Energy, in a bid to shed $7 billion in consolidated debt, is selling the bulk of its renewable assets and development platforms along with several coal and natural gas power plants worth 3.6 GW tied to its South Central Generating business. The independent power producer, which recently relinquished bankrupt wholesale generator GenOn Energy to […]

Public Service Enterprise Group (PSEG) President and CEO Ralph Izzo gave NRG Energy a tongue-lashing for its pointed opposition of subsidies for PSEG’s two New Jersey nuclear power plants. The tense moment at a January 25 legislative hearing that sought to revive the measure is illustrative of a growing chasm within the power sector about the […]

Merchant markets for independent power producers in the U.S. are unfavorable, and many companies in the sector have slumping profits—even big losses—as they ponder where to go in the months and years