NRG Energy
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Gas
NRG Energy Will Build New 455-MW Gas-Fired Plant Near Houston
NRG Energy is the latest Texas-based utility to receive a loan agreement from the Texas Energy Fund (TxEF). The company plans to use the funding to support construction of a 455-MW natural gas-fired station at the site of the group’s current Greens Bayou Generating Station in Harris County, near Houston.
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Gas
FERC Approves NRG Energy Plan to Buy 12.9 GW of Gas-Fired Generation
The Federal Energy Regulatory Commission (FERC) has signed off on NRG Energy’s plan to acquire nearly 13 GW of natural gas-fired power generation. The agency on November 13 said it supports Houston, Texas-based NRG’s $12-billion deal with New York-based LS Power for capacity in the PJM market territory.
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Data Centers
LandBridge and NRG Strike 1.1-GW Gas-Fired Deal to Power Delaware Basin Data Center in Texas
LandBridge Co., a Permian-focused land and infrastructure firm with 277,000 surface acres in the Delaware sub-region in Texas, and NRG Energy, one of the U.S.’s largest independent power producers, have inked a strategic agreement for a potential 1,100 MW natural gas–fired generation facility in Reeves County, Texas, to power a hyperscale data center. The agreement, […]
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Gas
NRG Buying LS Power Gas-Fired Plants in $12-Billion Deal
NRG Energy announced it would acquire 18 natural gas-fired power plants with 13 GW of generation capacity as part of a $12-billion cash-and-stock deal with LS Power.
Houston, Texas-based NRG on May 12 said the deal, expected to close in the first quarter of 2026, would double the group’s overall generation capacity portfolio to 25 GW. The gas-fired plants are located in the U.S. Northeast and Texas, the company said Monday.
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Gas
NRG, GE Vernova, Kiewit Have Plan to Build Four New Gas-Fired Power Plants
NRG Energy is joining with GE Vernova and Kiewit Corp. in a plan to build four new natural gas-fired power plants. The companies on Feb. 26 said the venture is designed to help supply the energy-intensive data center and artificial intelligence sector. “The accelerating demand for electricity in part due to GenAI [generative artificial intelligence] […]
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News and Notes
POWER Digest [December 2023]
Kenya Set to Expand Hydropower Project. Kenya Electricity Generating Co. (KenGen) said it received approval from government officials to move forward with the Gogo hydropower redevelopment project. The Gogo
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Business
NRG Energy Replaces CEO in Activist Investor–Influenced Shuffle
NRG Energy has appointed the chair of its board of directors, Dr. Lawrence Coben, as its interim president and CEO and appointed four new independent directors to its board, signaling a major leadership reshuffle partly influenced by activist investor firm Elliott Investment Management. The Houston-headquartered energy giant on Nov. 20 said Mauricio Gutierrez, NRG’s long-time and […]
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Power
Petra Nova, Pioneering Power Plant Carbon Capture Unit, Is Up and Running Again, says JX Nippon
Petra Nova, one of the world’s only two carbon capture and storage (CCS) retrofits at a commercial power plant, has restarted operations, JX Nippon Oil and Gas Exploration Corp. announced on Sept. 13. The project, which is designed to remove more than 90% of the carbon dioxide (CO2) from a 240-MW flue gas slipstream from […]
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History
NRG Energy’s Pivot Amid Power Sector Change
Once a giant pure-play independent power producer, NRG Energy has cultivated a legacy of pioneering business models to withstand waves of change in the power sector. Its latest strategic shift pivots from
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Nuclear
NRG Energy to Sell Texas Nuclear Plant Stake to Constellation in $1.75B Power Move
Constellation Energy, the largest nuclear generator in the U.S., will take over NRG Energy’s 44% ownership stake in the 2.6-GW South Texas Project Electric Generating Station (STP), a nuclear power plant located in Bay City, Texas. Under a definitive agreement announced by two companies on June 1, Constellation will acquire NRG’s 44% equity interest in […]
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Gas
New York Officials Deny Permits for Proposed NRG Gas-Fired Plant
New York officials have denied permits for NRG Energy’s proposed natural gas-fired power plant upgrade project in Astoria, a decision made after an environmental agency said the plan was “inconsistent” with a state measure to reduce greenhouse gas emissions. The state’s Department of Environmental Conservation (DEC) on Oct. 27 said the proposed new power plant […]
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News
Sweet Deal—Hershey, Others Have Solar Pacts
A well-known chocolate maker has announced two new clean energy partnerships as the company continues to increase its sustainability efforts. The Hershey Co. on April 20 said it has power purchase agreements (PPAs) to take electricity from two solar projects, one in North Carolina and another in Texas. Hershey, like many corporate power customers, has […]
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Coal
Improving Load Response and NOx Emissions with Boiler Tuning and Coal-Fired Unit Optimization
Maintaining and operating a coal-fired generating station requires the utmost attention to detail to stay competitive. Focusing on the fundamentals of combustion allows engineers to improve reliability
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Markets
DOE Issues Emergency Order to Alleviate California Power Crisis
The U.S. Department of Energy (DOE) on Sept. 6 took the rare but drastic action of issuing an emergency order under the Federal Power Act (FPA) to authorize the maximum operation of three natural gas–fired facilities on the California Independent System Operator’s (CAISO’s) grid whose full capability had been stranded by federal air quality and […]
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COVID-19
NRG Energy, Inc. Pledges $2 Million To COVID-19 Relief Efforts
Support Directed to First Responders, Community Relief Funds, and Teachers NRG Energy CEO, Mauricio Gutierrez, shares details of the company’s $2 million donation supporting COVID-19 relief efforts PRINCETON, N.J. – As the battle to contain the COVID-19 pandemic continues, NRG Energy, Inc. (NYSE: NRG) announces broad efforts to aid those on the front lines of […]
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News
ERCOT Again Expects Tight Summer 2020 Conditions
Despite adding 513 MW of new capacity this year alone, the Electric Reliability Council of Texas (ERCOT) expects tight grid conditions this summer, and it warned it could declare an energy emergency depending on a combination of factors. Citing its newly released preliminary Seasonal Assessment of Resource Adequacy (SARA) assessment for the summer season (June–September), […]
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Distributed Power
Show Preview: Distributed Energy Conference 2019
POWER magazine’s second Distributed Energy Conference will build upon the success of the inaugural event, a sold-out program that brought together utilities, energy industry executives, and companies from across the spectrum of distributed power generation. Insiders from the wind and solar sectors, along with operators of backup and emergency power systems, combined heat and power, […]
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News
Plenty of Natural Gas to Go Around—It Just Needs a Market
Demand growth for natural gas for power generation may have slowed in the U.S., as renewable resources continue to take market share. With U.S. production continuing to hit record highs, and new gas-fired
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Legal & Regulatory
NRG Ends Effort to Repower Dunkirk Plant
NRG Energy will not restart its Dunkirk power plant in western New York, with the company on July 11 saying the cost to reconnect the facility to the state’s electric grid prohibits reopening the retired coal-fired plant as a natural gas-fueled facility. David Gaier, an NRG spokesman, told POWER the project’s increased costs, along with needed […]
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Renewables
NRG Sheds Generation Emphasis, Puts More Focus on Retail
To remain competitive in power markets increasingly characterized by disruptions, NRG Energy plans to accelerate its transition from a pure independent power producer (IPP) model to a more simplified customer-driven integrated power model that favors its retail businesses. In a number of presentations showcased on March 27 as part of NRG’s 2018 Analyst Day, company […]
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Coal
GenOn Selling More Assets in Restructuring
GenOn Energy, a unit of NRG Energy that filed for bankruptcy in June 2017, said it has agreed to sell two units of the Canal Generating Plant to Stonepeak Kestrel, a subsidiary of Stonepeak Infrastructure Partners, a private equity firm with offices in New York City and Houston, Texas. The Canal plant in Sandwich, Massachusetts, […]
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Gas
GenOn Energy to Retire Three California Gas Plants
In a move that demonstrates how difficult current market conditions are, even for some natural gas-fired facilities, GenOn Energy—a subsidiary of NRG Energy—said it will shutter three California gas-fired power plants for economic reasons. The company notified the California Public Utilities Commission and California Independent System Operator (CAISO) in letters dated February 28 that it […]
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Renewables
AEP, American Power Giant, Sets Goal to Slash Carbon Emissions 80% by 2050
American Electric Power (AEP), one of the nation’s largest power generators, will pursue a strategy to reduce its carbon dioxide (CO2) emissions by 60% from 2000 levels by 2030, and 80% from 2000 levels by 2050. AEP expects to achieve carbon reductions through a variety of actions, including investments in renewable generation and advanced technologies […]
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Legal & Regulatory
Connecticut, Ohio, Pennsylvania Make Substantive Gains for State Nuclear Subsidies
A bitter dispute concerning subsidies for nuclear generation that has divided the power sector grew more intense over the past week as Connecticut, Ohio, and Pennsylvania advanced efforts to keep nuclear plants operating. At the same time, legal challenges to existing measures in Illinois and New York continued in two federal courts. In Connecticut, Gov. […]
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O&M
Capturing Carbon and Seizing Innovation: Petra Nova Is POWER’s Plant of the Year
Winning POWER’s highest honor, the U.S.’s first and world’s largest commercial post-combustion carbon capture system at a power plant is distinctively both a globally significant environmental
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Renewables
NRG’s New Plan: Sell Assets, Change Focus, Raise Cash
NRG Energy said it will sell as much as $4 billion in assets as it seeks to lower its debt and cut costs after a revolt by activist investors unhappy with the company’s direction. Shares of the company jumped 29% to a two-year high on July 12 after NRG announced the moves as part of […]
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Coal
[UPDATED] Dynegy Rethinks Illinois Ventures Amid Market Turmoil
As Dynegy moved this week to assume full ownership of two struggling Ohio coal plants it co-owns with AES Corp. subsidiary DPL Inc., the company’s CEO reportedly said it is mulling withdrawing its presence from downstate Illinois owing to the state’s intervention to keep its nuclear plants running. Dynegy CEO Robert Flexon told Crain’s Chicago Business […]
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Coal
World’s Largest Post-Combustion Carbon Capture Project Completed
Petra Nova—a commercial-scale post-combustion carbon capture project designed to remove more than 90% of the carbon dioxide (CO2) from a 240-MW slipstream of flue gas off of the W.A. Parish generating station in Fort Bend County, Texas—has been completed, according to project partners NRG Energy Inc. and JX Nippon Oil & Gas Exploration Corp. The […]
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Coal
Long-Stalled New York Repowering Project Is Revived
Plans to repower NRG Energy’s coal-fired 435-MW Dunkirk power plant near Buffalo, N.Y., to natural gas that have been stalled for years owing to a legal challenge may finally be revived. NRG Energy mothballed the four-unit plant in January 2016. The company had filed to mothball the facility nearly four years earlier, in March 2012, […]
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Renewables
NRG Poised to Scoop Up 2.1 GW of Renewable Assets from Bankrupt SunEdison
NRG Energy has taken action to acquire 2.1 GW of utility-scale wind and solar assets owned by bankrupt renewables giant SunEdison with a $144 million auction bid this week. New Jersey–based NRG Energy on Sept. 12 executed a purchase and sale agreement (PSA) to take on 200 MW of SunEdison’s construction-ready, fully contracted solar assets […]