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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. [5] The name Reliant Energy was retained and the surviving wholesale business was renamed RRI Energy, which was retired in 2012 after additional NRG acquisitions.
At 1:30 a.m., CenterPoint Energy started controlled, rotating outages in the Greater Houston area. [12] At first, the company said that the outages are expected to last 10 to 45 minutes, but soon updated its statement that customers who are experiencing an outage should be prepared to be without power for the rest of Monday. [13]
The economy of Houston is based primarily on the energy industry, particularly oil.However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. [1]
For about one hour late Friday, day-ahead prices on ERCOT's website jumped as high as $688 per MWh. Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand ...
NRG Energy completed its acquisition of GenOn Energy in December 2012 [32] for $1.7 billion in stock and cash. [33] The GenOn name was retired in the merger, but the combined company retained GenOn's Houston headquarters to coordinate operations. [32] That company, in turn, had been formed out of the merger of RRI Energy and Mirant Corporation ...
A Dallas energy company's intent to purchase a Houston developing business will result in a new Lubbock location, pending final approval. JBB Advanced Technology, a Dallas-based company that ...
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