“This agreement provides greater strength for Big Cajun II through additional controls that will allow the plant to comply with environmental regulations both now and in the future,” said Vosburg. “In addition, the mitigation projects covered by the agreement will provide an opportunity to give back to our community as it showcases NRG Energy's alternative energy solutions such as solar and electrical vehicles in Louisiana. This is a win-win-win situation – a win for the environment, a win for our customers and a win for our community.”
About Louisiana Generating and NRG Energy
NRG Energy, Inc. (NYSE: NRG), through its wholly owned subsidiaries Louisiana Generating LLC and NRG Power Marketing LLC, manages a diverse portfolio of load and generation along the Gulf Coast. Louisiana Generating LLC serves the full requirements needs for 10 Louisiana electric cooperatives with a peak demand of over 2,300 MW. The total generation portfolio exceeds 3,600 MW, and includes a diverse mix of coal and gas-fired generation in Louisiana and East Texas.
A Fortune 300 company, NRG is a pioneer in developing cleaner and smarter energy choices for our customers: whether as one of the largest solar power developers in the country, or by building the first privately funded electric vehicle charging infrastructure or by giving customers the latest smart energy solutions to better manage their energy use. Our diverse power generating facilities can support over 20 million homes and our retail electricity providers—Reliant, Green Mountain Energy Company and Energy Plus—serve more than two million customers. More information is available at nrgenergy.com. Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy.Safe Harbor Disclosure This news release contains forward-looking statements of NRG Energy, Inc. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and include expectations regarding its subsidiary, Louisiana Generating, and certain power supply contracts. These forward-looking statements typically can be identified by the use of words such as “will,” “expect,” “estimate,” “anticipate,” “forecast,” “plan,” “believe” and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, general economic conditions, hazards customary in the power industry, the volatility of energy and fuel prices, failure of customers to perform under contracts, changes in government regulation of markets and of environmental emissions, the condition of capital markets generally, and weather conditions.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts