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453:, would be based in Houston but led by Mirant's Chairman and CEO Edward Muller until 2013. At that time, Muller would retire and Mark Jacobs, the president and COO of RRI Energy, would become CEO of GenOn. The new company had a market capitalization of about $ 3 billion, owning or operating 47 plants in 12 states capable of generating more than 24,650 megawatts of power. The merger was completed on December 3, 2010.
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307:, 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 coal. GenOn Energy was headquartered in the
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created
Reliant Resources with a strategy to provide competitive wholesale and retail energy service under the Reliant Energy brand. Its businesses included power generation and retail energy services in Texas newly deregulated electricity market. On the wholesale side, Reliant owned, had an interest
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The defendants were charged with conspiracy to commit wire fraud and commodities manipulation and wire fraud, as well as manipulation and attempted manipulation of the price of a commodity in interstate commerce. The indictments were filed on April 8, 2004. On August 15, 2005, Reliant announced that
467:
In March 2004, a grand jury returned a six-count indictment against
Reliant Energy Services, Inc. and four of its officers—Jackie Thomas, a former vice president of Reliant's Power Trading Division; Reggie Howard, a former director of Reliant's West Power Trading Division; Lisa Flowers, a term
421:
In
January 2007, the Texas electricity market became fully deregulated, and Reliant began to offer an array of products, flexible service options, and pricing arrangements to a variety of customers. At this time, Reliant was the second largest mass market electricity provider in the state of Texas,
412:
was created when
Reliant Energy merged with an indirect subsidiary of CenterPoint Energy, Inc. As a result of the merger, Reliant Energy shareholders received one share of CenterPoint common stock in exchange for each share of RRI common stock they held before the merger. A regulated utility,
422:
with an annual revenue of $ 10.9 billion and more than 3,500 employees. In
February 2007, Reliant Energy announced plans for Mark Jacobs, current chief financial operator, to succeed Joel Staff as chief executive officer and for Brian Landrum to become chief operating officer.
836:. October 20, 2008. Retrieved on April 14, 2014. "The plants were originally part of the former Houston Lighting & Power, the integrated utility that served the Houston area until it was broken up into three separate companies as the state deregulated its power markets."
349:, a natural gas utility. The combined company, as of 1997, had assets of $ 18 billion and annual revenues of about $ 9 billion. By November 1997 there was a published report stating that the company wished to acquire Central & South West Corp. HI declined to comment.
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by modifying and operating the plant without required pollution control equipment and construction permits. In
February 2012, in response to an EPA ruling, GenOn Energy announced they would be shutting down the Portland Generating Station in 2015.
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CenterPoint Energy became one of the largest U.S. energy delivery companies, serving 4.7 million metered customers. In late 2002, CenterPoint distributed the stock of
Reliant Resources, Inc. to CenterPoint shareholders. This
519:
In
December 2007, the US state of New Jersey sued Reliant Energy, claiming that emissions from a Pennsylvania coal-fired power plant hurt the state's air quality. New Jersey claims emissions of smog and acid rain components
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On May 1, 2009, Reliant Energy's retail electricity business was purchased by NRG Energy. The retail group retained the name
Reliant Energy and the surviving wholesale business was renamed RRI Energy, Inc.
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of 2000 and 2001. In March 2007, Reliant agreed to pay a $ 22.2 million penalty in addition to a $ 13.8 million credit provided in a previous settlement with the
Federal Energy Regulatory Commission.
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it had reached a $ 445 million settlement with the states of California, Oregon and Washington, resolving civil litigation claims against the company related to the sale of electricity in the
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and nitrogen oxides from Reliant's Portland Generating Station in Northampton County, Pennsylvania, drift into its territory. The lawsuit also claims that Reliant violated the federal
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announced an agreement to merge in a $ 1.6 billion all-stock deal, which created one of the largest independent power plant operators in the country. The new company, named
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In 1999, Houston Industries changed its name to Reliant Energy and its new NYSE symbol was REI. It was scheduled to begin trading under REI on February 8, 1999.
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trader for Reliant's West Power Trading Division; and Kevin Frankeny, Reliant's manager of western operations—for their alleged role in the
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When the state of Texas deregulated the electricity market, the former HL&P was split into several companies. In 2003 HL&P was split into
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completed its acquisition of GenOn Energy in December 2012 for $ 1.7 billion. GenOn's stock ceased trading and was exchanged for NRG stock.
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Reliant Energy claims to have made efforts toward more environmentally safe practices through the use of renewable resources such as
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On June 15, 2017, unable to meet debt obligations, GenOn Energy and GenOn Americas Generation file for Chapter 11 bankruptcy.
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703:"NRG and GenOn Complete Merger, Creating Nation's Largest Competitive Power Generator - Yahoo! Finance"
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in, or leased 37 operating power generation facilities serving five regions of the United States.
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on December 3, 2010. The corporate names and logos of both RRI Energy and Mirant were retired.
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have identified Reliant Energy as the 36th-largest corporate producer of
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Journal, Steven Lipin Staff Reporter of The Wall Street (1996-08-12).
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Portland Generating Station in Upper Mount Bethel will close in 2015
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and Reliant then competed against other energy companies like
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was its subsidiary. In August 1996 HI closed on a merger with
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758:"Houston Industries Will Buy NorAm Energy for $ 2.4 Billion"
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Reliant Indicted for Manufacturing California Energy Crisis
676:(Press release). GenOn Energy. Dec 3, 2010. Archived from
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Companies formerly listed on the New York Stock Exchange
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The company was originally known as Houston Industries (
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Companies that filed for Chapter 11 bankruptcy in 2017
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60:. Unsourced material may be challenged and removed.
798:. November 28, 1997. Retrieved on April 14, 2014.
887:"Nevada Power plans to buy plant, sources say",
817:. February 2, 1999. Retrieved on April 14, 2014.
472:. All of the defendants are residents of Texas.
445:On April 11, 2010, RRI Energy and Atlanta-based
977:"Parent firms of HL&P and Entex to merge."
855:. October 2, 2005. Retrieved on April 14, 2014.
986:"Houston Industries bid looks to the future."
828:Exelon bids for major Texas power producer NRG
657:." RRI Energy. Retrieved on January 14, 2009.
612:Electric Reliability Council of Texas (ERCOT)
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923:Toxics Release Inventory courtesy rtknet.org
607:Deregulation of the Texas electricity market
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941:N.J. sues Reliant coal plant over emissions
865:New York Times - Reliant Told of Indictment
995:"NorAm played it safe to be #3 gas firm."
790:Houston Industries silent on merger report
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732:NRG Energy to Buy GenOn for $ 1.7 Billion
636:Yahoo! - RRI Energy, Inc. Company Profile
120:Learn how and when to remove this message
847:8 Houston power plants to be sold to NRG
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671:"Mirant and RRI Energy Complete Merger"
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1062:American companies established in 2001
1030:Summary and Analysis of Reliant Energy
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1067:Energy companies established in 2001
58:adding citations to reliable sources
963:Reliant Energy - Alternative Energy
490:University of Massachusetts Amherst
265:Brian Landrum, Executive VP and COO
494:air pollution in the United States
357:deregulated the electricity market
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441:Historical logo of RRI Energy
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1072:2001 establishments in Texas
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343:Houston Lighting & Power
292:, headquarters of RRI Energy
27:Defunct American corporation
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913:retrieved 15 August 2007
909:October 1, 2011, at the
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814:Houston Business Journal
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54:improve this article
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18:Houston Industries
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833:Houston Chronicle
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347:NorAm Energy Corp
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678:the original
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566:Texas portal
542:landfill gas
534:solar energy
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52:Please help
47:verification
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546:coal refuse
516:compounds.
504:as well as
388:Texas Genco
299:, based in
225:Area served
1052:NRG Energy
1046:Categories
775:2015-02-27
717:2 February
648:Contact Us
623:References
538:wind power
365:TXU Energy
323:NRG Energy
249:Key people
238:New Jersey
167:: GEN
80:newspapers
1014:(Archive)
770:0099-9660
506:manganese
159:Traded as
110:July 2009
1033:Archived
1021:Archived
926:Archived
907:Archived
651:Archived
552:See also
510:chromium
498:sulfuric
415:spin-off
371:, Inc. (
255:Chairman
242:Maryland
172:Industry
687:Apr 29,
375::
341:), and
337::
329:History
301:Houston
270:Website
207:Houston
188: (
180:Founded
151:Private
94:scholar
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544:, and
514:nickel
512:, and
390:, and
317:Mirant
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681:(PDF)
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305:Texas
275:genon
262:(CEO)
230:Texas
211:Texas
101:JSTOR
87:books
766:ISSN
719:2022
689:2011
500:and
401:The
373:NYSE
363:and
335:NYSE
277:.com
190:2001
183:2001
165:NYSE
73:news
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377:CNP
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