Environmental groups cheered the announcement by NRG Energy that it will retire three natural gas-fired plants in Southern California.

NRG Energy said that its board has authorized the company to spend $1 billion on its stock repurchase program.

NRG Energy has agreed to sell its renewables businesses, its interest in NRG Yield and its South Central Generating subsidiary in transactions that will bring the company $2.8 billion in cash and take $7 billion in debt off its books.

Operators of traditional resources say the Vision 2030 paper drifts outside CAISO’s purpose of assuring reliability and managing markets.

NRG Energy earned $171 million ($0.53/share) last quarter, compared with $402 million ($1.27/share) in the same period last year.

FERC denied NRG’s request for rehearing of an order concerning NYISO Tariff revisions intended to correct an inefficiency in the ISO’s capacity market.

The Energy Bar Association Mid-Year Forum included discussions of subsidies and the Energy Department's proposed grid resiliency pricing rule.

NRG Energy asked the California Energy Commission to suspend its review of the Puente Power Project, a proposed 262-MW gas-fired plant in Oxnard.

Two California Energy Commissioners are recommending the agency deny a permit to construct NRG’s proposed Puente Power Project natural gas-fired plant.

The Gulf Coast Power Association’s 32nd Annual Fall Conference attracted several hundred attendees to the Texas state capital.