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NRG's $4 Billion in Active Projects Tilt to Natural Gas-Fired Generation as Nuclear, Renewables Go on Sale

power

Industry Segment: Power | Word Count: 737 Words

SUGAR LAND--August 4, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--NRG Energy Incorporated (NYSE:NRG) (Princeton, New Jersey), the largest independent U.S. power producer, saw its net losses deepen in second-quarter 2017, despite higher revenues compared with the year-earlier period. Mild weather, lower margins in Texas, and higher transportation costs for coal erased profits and hiked expenses. But the company is embarking on a three-year transformation plan that executives hope will shed less profitable assets and shift focus to its more promising natural gas developments. Industrial Info is tracking nearly $4 billion in active projects involving NRG.

Within this article: Details on NRG's plans for its natural gas-fired assets, spanning New Jersey, Arizona, Pennsylvania, Ohio and California.

Other companies featured: General Electric (NYSE:GE), Babcock & Wilcox (NYSE:BW), Caterpillar (NYSE:CAT)


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