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...Also joining the board are Kevin Howell, former head of NRG’s Texas business, Alex Pourbaix, former chief executive of Canadian oil group Cenovus Energy, and Marcie Zlotnik, co-founder of Texas retail electricity...
...Not widely known outside the energy industry, NRG says it has 7.3mn customers including a huge presence in Texas, home to 60 per cent of its 16 gigawatts of generating capacity....
...The Texas-based energy utility company on Thursday announced plans to nearly triple the size of its share repurchase programme from $1bn to $2.7bn....
...The Texas-based energy and utility company is making a deeper push into the consumer technology market with the acquisition of Vivint Smart Home for $5.2bn, including debt....
...Cheniere pioneered foreign sales of US LNG when it began exports from Sabine Pass in 2016....
...Ice forms on a pipe as chilled fuel extracted from fields as far away as Texas or Pennsylvania is sent into the tanker’s insulated hold for shipment overseas....
...The power producer NRG Energy has shredded its profit outlook and reported sharply lower cash holdings as it contends with widespread defaults and the prospect of political intervention in the Texas energy...
...NRG Energy — a leading owner of power plants in Texas — on Monday said it had incorporated “expected Ercot default allocations” into its financial forecasts for the year....
...Mauricio Gutierrez, chief executive of NRG Energy — another leading generator operating in Texas — said that gas pressure “issues” tripped its 330 megawatt Greens Bayou power plant offline twice....
...NRG, which owns a dozen Texas gas, coal and nuclear generating units with a capacity of 12GW, said that “power generation from fossil, renewable, and nuclear sources were all affected by the cold”....
...Direct Energy also offers another sought after attribute for NRG: geographic diversification. More than three-quarters of its Home Energy customers are from outside NRG’s core stronghold of Texas....
...Cheniere is an emblem of US energy abundance, having been the first to convert a gas import plant to handle exports at its terminal in Sabine Pass, Louisiana....
...Golden Pass LNG in Texas, a joint venture between Qatar Petroleum and ExxonMobil, is also expected to be given a final investment decision this year....
...The CNPC contract is a further step forward for Cheniere in being able to commit to a new production train at its Corpus Christi LNG plant in Texas....
...The letter also takes aim at Barry Smitherman, a former energy regulator in Texas who is one of the two newly appointed directors at NRG, over his opinions on climate change, citing a 2013 email in which...
...But the sign hanging outside the field of play, “NRG Stadium” itself is a symbol of another contest. Other than electricity customers in Texas, few will have heard of NRG Energy....
...NRG, the second-largest US power producer, has about a quarter of its generation capacity in Texas and has been reshaping its business so it relies less on squeezed wholesale power prices....
...Two of the contracts committed Sabine to deliver Texas gas and condensate to a unit of New York-listed Cheniere Energy or pay a penalty....
...With a partner, he plans to develop another liquefied natural gas business, starting on land to the east of Sabine Pass, in Calcasieu, Louisiana....
...The challenge was to find a way for NRG to make the most competitive bid for the portfolio in the midst of the Edison Mission Energy bankruptcy....
...Cheniere’s fixed fees are mostly $3 per mBTU at its Sabine Pass plant in Louisiana and $3.50 at its Corpus Christi facility in Texas, and it is also charging 115 per cent of Henry Hub for the LNG....
...So far, however, just five plants have started construction: Cheniere’s Sabine Pass and its Corpus Christi project in Texas; Freeport LNG, also in Texas; Cameron LNG in Louisiana; and Cove Point LNG, on...
...You don’t want to be all in Texas and not have some mitigation strategy for when wind speeds are below average.”...
...If the deliveries go ahead as planned, customers in Europe and Asia will early next year be heating their homes and generating power using gas from Texas and Louisiana — and benefiting from the US shale...
...Another terminal in Corpus Christi, Texas is under construction....
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