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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 1999 Houston Industries changed its name to Reliant Energy. [4] Therefore HL&P was renamed Reliant Energy HL&P/Entex. When the state of Texas deregulated the electricity market, HL&P was split into several companies. [5] In 2003 the company was split into Reliant Energy, Texas Genco, and CenterPoint Energy. [6]
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 ]
In 2003, Houston Industries was split into three companies. The power plants went to Texas Genco, CenterPoint Energy took over the distribution system, and the retail and wholesale electricity business became Reliant Energy. [28] In 2006, NRG Energy bought Texas Genco from a group of private equity firms for roughly $5.9 billion. [29]
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] In 2003 HL&P was split into Reliant Energy, Texas Genco, and CenterPoint ...
GenOn Energy, Inc., based in Houston, Texas, United States, is an energy company that provides electricity to wholesale customers in the United States. The company is one of the largest independent power producers in the nation with more than 7,000 megawatts of power generation capacity across the United States using natural gas, fuel oil and ...
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