Last $32.99 USD
Change Today +0.35 / 1.07%
Volume 2.0M
NRG On Other Exchanges
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As of 3:14 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

211 Carnegie Center

Princeton, NJ 08540

United States

Phone: 609-524-4500

Fax: 609-524-4501

NRG Energy, Inc., a power and energy company, produces and delivers energy and energy services in major power markets in the United States. The company engages in the ownership and operation of power generation facilities; the trading of energy, capacity, and related products; and the transacting in and trading of fuel and transportation services. The company is involved in the direct sale of energy, services, and innovative, sustainable products to retail customers. The company sells retail electric products and services under the name NRG and various brands owned by it. The company focuses on the deployment and commercialization of potentially transformative technologies, such as electric vehicles, distributed solar, and smart meter/home automation technology. Wholesale Power Generation The company has power generation portfolio in the United States, with approximately 44,472 megawatts (MW) of fossil fuel and nuclear generation capacity at 87 plants as of December 31, 2013. The sale of capacity and power from baseload and intermediate generation facilities accounts for a majority of the company's generation revenues. In addition, its generation portfolio provides the company with opportunities to capture additional revenues by selling power during periods of peak demand, offering capacity or similar products, and providing ancillary services to support system reliability. The company has generation assets located in or near Houston, New York City, Washington District of Columbia, Baltimore, New Jersey, southwestern Connecticut, Pittsburgh, Cleveland, and the Los Angeles, San Diego, and San Francisco metropolitan areas. Retail The Retail Business provides energy and related services to residential, commercial and institutional customers primarily located in Texas and selected Northeast markets. Products and services range from system power to home services, to bundled products which combine system power with protection products, energy efficiency and renewable energy solutions. Based on metered locations, as of December 31, 2013, the company’s retail business served approximately 2.3 million residential, small business, commercial, and industrial customers. Alternative Energy The company's development and investment initiatives are primarily focused in the areas of distributed solar, solar thermal and solar photovoltaic, and also include other low-or no-greenhouse gases (GHG) emitting energy generating sources, such as the fueling infrastructure for electric vehicle ecosystems. Business Strategy The company’s business strategy is intended to improve stockholder value through the production and sale of safe, reliable, and affordable power to its customers in the markets served by the company, while aggressively positioning the company to meet the market's increasing demand for sustainable and low carbon energy solutions. This strategy is designed to improve the company's core business of competitive power generation and mitigate the risk of declining power prices. Seasonality The company derives a majority of its annual revenues in the months of May through October, when demand for electricity is at its highest in the company's core domestic markets. The company's second primary season is the winter months of December through March when volatility and price spikes in underlying delivered fuel prices have tended to drive seasonal electricity prices. Net working capital requirements for the company's retail operations increase during summer months along with the higher revenues, and then decline during off-peak months. Regulatory Matters As operators of power plants and participants in wholesale and retail energy markets, the company’s entities are subject to regulation by various federal and state government agencies. These include the U.S. Commodity Futures Trading Commission, Federal Energy Regulatory Commission, U.S. Nuclear Regulatory Commission (NRC), and Public Utility Commission of Texas, as well as other public utility commissions in certain states where its generating, thermal, or distributed generation assets are located. In New York, the company's generation subsidiaries are electric corporations subject to ‘lightened’ regulation by the New York State Public Service Commission. In California, the company's generation subsidiaries are subject to regulation by the California Public Utilities Commission with regard to certain non-rate aspects of the facilities, including health and safety, outage reporting and other aspects of the facilities' operations. As a holder of an ownership interest in South Texas Project, the company is an NRC licensee and is subject to NRC regulation. Environmental Matters Various regulations with the potential to affect the company and its facilities are in development or under review by the United States Environmental Protection Agency, such as New Source Performance Standards for GHGs, National Ambient Air Quality Standards revisions and implementation, coal combustion byproducts regulation, effluent guidelines and once-through cooling regulations. The company is required under the Clean Water Act to comply with intake and discharge requirements, requirements for technological controls and operating practices. Joint venture In March 2014, Velocys plc announced that it has entered a joint venture (JV) with Waste Management, NRG Energy (NRG), and Ventech Engineers International (Ventech) to develop gas-to-liquids (GTL) plants in the United States and other select geographies. History NRG Energy, Inc. was founded in 1989. The company was incorporated as a Delaware corporation in 1992.

 

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Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 1.1x
Price/Cash Flow 12.2x
TEV/Sales NM Not Meaningful
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