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In December 2011, the non-partisan organization Public Campaign criticized CenterPoint Energy for spending $2.65 million on lobbying and not paying any taxes during 2008–2010, instead getting $284 million in tax rebates, despite making a profit of $1.9 billion, and having an executive pay between $12 and $13 million for its top 5 executives.
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.
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 deregulated the electricity market, the former Houston Lighting & Power (HL&P) was split into several companies. [ 4 ]
Champion Energy Services, LLC is a retail electricity provider (REP) based in Houston, Texas.Champion Energy currently serves residential, governmental, commercial and industrial customers in deregulated electric energy markets in Texas, Illinois, Ohio, Pennsylvania, New Jersey and New York; governmental, commercial and industrial customers in Delaware, Maryland and Washington, D.C.; and ...
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 ...
For example, the company and its partner recently approved the $3 billion South System Expansion 4 project, which will add 1.2 Bfc/d of gas capacity in the Southeast when it comes on line in 2028.
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