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RRI Energy
GenOn Energy, Inc., based in Houston, Texas, Houston, Texas, United States, was an energy company that provided electricity to wholesale customers in the United States. The company was one of the largest independent power producers in the nation with more than 14,000 megawatts of power generation capacity across the United States using natural gas, fuel oil and coal. GenOn Energy is headquartered in the Reliant Energy Plaza in Downtown Houston. The company, formerly known as RRI Energy, acquired Mirant on December 3, 2010. The corporate names and logos of both RRI Energy and Mirant were retired. NRG Energy completed its acquisition of GenOn Energy in December 2012 for $1.7 billion. GenOn's stock ceased trading and was exchanged for NRG stock. History The company was originally known as Houston Industries (), and Houston Lighting & Power was its subsidiary. In August 1996 HI closed on a merger with NorAm Energy Corp, a natural gas utility. The combined company, as of 1997, ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California Electricity Crisis
California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territories of the United States by population, most populous U.S. state and the List of U.S. states and territories by area, 3rd largest by area. It is also the most populated Administrative division, subnational entity in North America and the 34th most populous in the world. The Greater Los Angeles area and the San Francisco Bay Area are the nation's second and fifth most populous Statistical area (United States), urban regions respectively, with the former having more than 18.7million residents and the latter having over 9.6million. Sacramento, California, Sacramento is the state's capital, while Los Angeles is the List of largest California cities by population, most populous city in the state and the List of United States cities by population, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mirant Corporation
GenOn Energy Holdings, formerly Mirant Corporation, was a subsidiary of GenOn Energy, and is now a part of NRG Energy. The company was spun off from its former parent, Southern Company, on April 2, 2001. The company was merged into GenOn Energy on 3 December 2010. The company then became part of NRG Energy in December 2012. Mirant operated 13 plants in the states of California, Georgia, Maine, Maryland, Massachusetts, Michigan, New York, and Virginia and has the capacity to generate approximately 10,300 MW of electricity. History Southern beginnings and spinoff Mirant began its corporate existence in 1981 as Southern Electric International (SEI), a small consulting division of Southern Company that provided engineering and technical services to industrial companies, domestic and international utilities. With the Energy Policy Act of 1992 deregulation arrived in the US electric power sector, and SEI ventured into global markets with the acquisition of a 50% stake in Freepor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Spin-off
A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they think will have the most growth. In contrast, divestment can also sever one business from another, but the assets are sold off rather t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Centerpoint Energy Plaza
Centerpoint (alternatively spelled centrepoint) may refer to: * Centerpoint (geometry), a generalization of the median to two or more dimensions Organizations * CenterPoint Energy, an electric and natural gas utility in the U.S.A. * CenterPoint Properties, Chicago industrial real estate developer * Centrepoint (charity), a UK charitable trust for homeless young people * Centrepoint Theatre, a theatre and theatre company in Palmerston North,New Zealand Places * Sydney Tower, also known as Centrepoint Tower, in Sydney, New South Wales, Australia ** Westfield Sydney, a shopping centre under the Sydney Tower * Centerpoint Mall (Toronto), Ontario, Canada * Centrepointe, a neighbourhood in Ottawa, Ontario, Canada * Centre Point Sabah, in Kota Kinabalu, Sabah, Malaysia * Centrepoint (commune), a former commune in Albany, New Zealand * SM City Sta. Mesa, Manila, Philippines, formerly known as SM Centerpoint * The Centrepoint, a shopping centre in Singapore * Centre Point, an office build ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Texas Genco
Texas Genco was a power generation company that came about as part of the deregulated Texas electricity market and owned numerous power plants in the Houston area that serve area power needs. The Company was created in 2001 as part of the Texas electricity market deregulation. Incumbent utilities were required to separate their business functions into a retail electric provider (REP), a transmission and distribution service provider (TDSP), and a wholesale generator. In 2000, Reliant Energy announced that it was splitting its business into separate regulated and unregulated businesses. This split formed Reliant Resources, an unregulated electricity and energy company, and Centerpoint Energy, the remaining mostly regulated energy delivery company."Company History." Company History. CenterPoint Energy, n.d. Web. 05 May 2013 Reliant Energy's power plants became a wholly owned subsidiary of Centerpoint Energy. The new company was known as Texas Genco. When the state of Texas d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reliant Energy
Reliant Energy is an American energy company based in Houston, Texas. History Headquartered in Houston, Texas, Reliant Energy, a subsidiary of NRG Energy, is one of the largest Texas electricity providers serving over 1.5 million Texans. Reliant provides over 23 million megawatts of power annually to residential and business customers. Reliant Energy was founded in 2000. In June 2009, NRG Energy purchased Reliant Energy's retail electricity business. At the time, Reliant had 1.8 million customers and was the second largest electric provider in Texas. The name Reliant Energy was retained and the surviving wholesale business was renamed RRI Energy, which was retired in 2012 after additional NRG acquisitions. In 2010, Reliant Energy received a $20 million grant from the U.S. Department of Energy as part of the DOE’s Recovery Act activities to fund a suite of Smart Grid products for upgrades of the nation’s electricity grid. Over the last six months of 2017, the Public Utility ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Houston Chronicle
The ''Houston Chronicle'' is the largest daily newspaper in Houston, Texas, United States. , it is the third-largest newspaper by Sunday circulation in the United States, behind only ''The New York Times'' and the ''Los Angeles Times''. With its 1995 buy-out of long-time rival the ''Houston Post'', the ''Chronicle'' became Houston's newspaper of record. The ''Houston Chronicle'' is the largest daily paper owned and operated by the Hearst Corporation, a privately held multinational corporate media conglomerate with $10 billion in revenues. The paper employs nearly 2,000 people, including approximately 300 journalists, editors, and photographers. The ''Chronicle'' has bureaus in Washington, D.C. and Austin. It reports that its web site averages 125 million page views per month. The publication serves as the " newspaper of record" of the Houston area. Previously headquartered in the Houston Chronicle Building at 801 Texas Avenue, Downtown Houston, the ''Houston Chronicle'' i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CenterPoint Energy
CenterPoint Energy, Inc. is an American Fortune 500 electric and natural gas utility serving several markets in the American states of Indiana, Ohio, Louisiana, Minnesota, Mississippi, and Texas. It was formerly known as Reliant Energy (from which it is now separated), NorAm Energy, Houston Industries, and HL&P. The company is headquartered in the CenterPoint Energy Tower at 1111 Louisiana Street in Downtown Houston. History When the state of Texas deregulated the electricity market, the former Houston Lighting & Power (HL&P) was split into several companies.Exelon bids for major Texas power producer NRG " '' |
TXU Energy
TXU Energy is an American retail electricity provider headquartered in Irving, Texas, serving residential and business customers in deregulated regions of Texas since the deregulation of the Texas electricity market in 2002. A subsidiary of Vistra Corp, it is one of the largest retail electricity providers in Texas. History The first instance of electricity generation in North Texas dates to 1882 when Dallas Electric Lighting Company, an indirect TXU Energy predecessor, began providing electric light service to the city of Dallas. A few years later, in 1885, Fort Worth Electric Light and Power Company, another indirect TXU Energy predecessor, was founded and began servicing areas west of Dallas. A number of electric companies formed in the years that followed: TXU Energy's direct forerunners, the Texas Power & Light Company (TP&L); Dallas Power & Light (DP&L), to serve the Dallas area; and Texas Electric Service Company (TESCO) to serve Fort Worth and areas west of Abilene. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
