November 5, 2024

NRG Energy

NYISO Ordered to Revise DR Meter Rules
NYISO must revise its rules governing the installation and reading of DR meters for participants in its Installed Capacity market, FERC ruled.
NRG Energy
FERC Clears Cleco to Buy NRG Generation in South
FERC approved Cleco’s $1 billion acquisition of eight NRG Energy generation assets in MISO South along with the plants' wholesale contracts.
Generation Lifts NRG Energy Q3 Earnings
NRG Energy earned of $306 million last quarter, up 65% from the same period a year ago on strong returns for the company’s generation business.
ERCOT ‘more than Sufficient’ on Reserves
The current ERCOT market design “will support more than sufficient reserve margins,” according to a draft report the grid operator filed with the Texas PUC.
NYPSC Takes Subway into Value Stack
The NY Public Service Commission (NYPSC) expanded the eligibility of distributed energy resources to be compensated under the state’s value stack tariffs.
NRG Earnings Rebound on Cost-Cutting, Asset Sales
NRG Energy reported net income of $24 million ($0.23/share) in the second quarter, compared with a $16 million loss (-$1.98/share) a year earlier.
CAISO Board OKs RC Rate Plan, RMR Change
CAISO’s push to become a reliability coordinator (RC) passed its first milestone after its Board of Governors approved the proposed rate design.
NRG
NRG Posts Q1 Profit on Asset Sales, Cost Savings
NRG earned $233 million in the first quarter, compared with a loss of $169 million in the same period last year.
NYISO Board Rejects Appeals on Capacity Votes
The NYISO Board of Directors has rejected two appeals of Management Committee votes on capacity zones and locational capacity requirements.
California Energy Commission
NRG Set to Retire California Gas Plants
Environmental groups cheered the announcement by NRG Energy that it will retire three natural gas-fired plants in Southern California.

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