Despite brutal heat in Texas, NRG retail volumes down due to falling loads elsewhere

摘要

Despite a brutal heat wave in Texas, falling NRG Energy retail volumes outside its home state caused an overall decrease, which, combined with continuing issues at a sidelined coal-fired power plant near Houston, cut third-quarter earnings to a fraction of year-ago totals. In a Nov. 7 earnings call, NRG President and CEO Mauricio Gutierrez said “weather conditions in Texas were extreme this past summer,” with Electric Reliability Council of Texas peakloads surpassing old records 39 times, “driven by record heat in the early part of the summer and a strong Texas economy.”