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The company worked with the Department of Energy for a pilot program in Texas centered on energy consumption. [10] After working with 500-residential electricity customers in the Houston area, it was found that by using a smart meter, consumers cut down on energy use for the home. [ 10 ]
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 ] In 2003 HL&P was split into Reliant Energy , Texas Genco, and CenterPoint Energy .
Houston Lighting & Power Co. (HL&P), later named Reliant Energy HL&P/Entex, was the single power and utility company that served Greater Houston of the U.S. state of Texas. It was a subsidiary of Houston Industries (HI, NYSE : HOU), [ 1 ] which later was renamed to Reliant Energy (REI).
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. [2] Reliant provides over 23 million megawatts of power annually [clarification needed] to residential and business customers. [3] Reliant Energy was founded in 2000. [4]
In 2009, the company's financial performance had improved and had a total shareholder return of 38.3 percent. In 2011, Spectra Energy achieved record net income and surpassed its earnings target by more than 7 percent. And, in 2011, the company increased its annual dividend to $1.12, representing a nearly 8 percent increase. [citation needed]
Power was knocked out in Houston and areas along the Texas Gulf Coast last Monday after the Category 1 hurricane, which left at least 10 dead. A week later, thousands are still waiting for power ...
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