NRG Turns Profit, Sees Tightening ERCOT Reserves
SUGAR LAND--March 4, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Power generator and retailer NRG Energy Incorporated (NYSE:NRG) (Princeton, New Jersey) is back in the black. The company reported full-year 2018 net income of $268 million, compared with a loss of $2.15 billion in 2017. NRG pointed to higher electricity prices and an increased number of customers, as well as a rigorous capital program for the changes. In the company's fourth-quarter 2018 conference call, Chief Executive Officer Mauricio Gutierrez spoke of the company's capital success and the concerns about less reserve margins on the Electric Reliability Council of Texas (ERCOT) grid, the main power grid in Texas. NRG is progressing with a series of power generation capital and maintenance projects across the U.S.
Within this article: Details of key NRG projects
Other companies featured: Babcock & Wilcox (NYSE:BW)
