NRG Completes Four Coal to Gas Projects and Continues Fleet Optimization Strategy
December 19 2016 - 8:00AM
Business Wire
Powering two million homes with half the carbon
footprint
NRG Energy, Inc. (NYSE: NRG) announced today the achievement of
an important milestone in its fleet optimization strategy,
completing coal-to-gas projects at four power plants across NRG’s
fleet. The successful introduction of natural gas replacing coal as
the primary fuel allows these units to continue meeting customer
needs while complying with current environmental standards and
supporting NRG’s wider decarbonization efforts. The four
plants are located in New Roads, LA; Joliet, IL; Shawville, PA; and
New Castle, PA.
“We’ve made outstanding progress across our generation portfolio
to support our optimization strategy,” said Mauricio Gutierrez, CEO
of NRG. “Driven by the economics of power generation,
we modified units at four plants to switch from
burning coal to natural gas, significantly reducing greenhouse
gas and other emissions, while maintaining reliability in the
system. Along with growing our renewables portfolio, these
optimization projects keep NRG competitive while advancing on our
sustainability commitments.”
Collectively, the modified units can generate more than 2,780
MW, enough power to meet the demands of more than two million
average homes. Given the anticipated reductions in carbon emissions
resulting from these modifications, combined with the expected
operating profiles for the units, the four plants are expected to
reduce their combined carbon footprint by more than 80%.
“These modifications allow us to keep the lights on for millions
of customers, helping keep power reliable, affordable and cleaner,
while we continue towards a sustainable energy future,” added
Gutierrez.
Generation facilities that had units modified to use natural gas
include:
- The Big Cajun II Generating Station in
New Roads, La., located approximately 30 miles northwest of Baton
Rouge: One 540 MW unit was converted, generating enough power for
more than 425,000 average households.
- The Joliet Generating Station, located
approximately 50 miles southwest of Chicago: All three units
converted for a total of 1,326 MW generating enough power for more
than one million average households.
- The Shawville Generating Station,
located approximately 40 miles northwest of State College, PA: All
four units are currently in final commissioning following
modification for a total of 590 MW generating enough power for
almost 475,000 average households.
- The New Castle Generating Station,
located approximately 55 miles northwest of Pittsburgh: All three
units have been modified for a total of 325 MW generating enough
power for more than 250,000 average households.
About NRG Energy
NRG Energy, Inc. is the leading integrated power company in the
U.S., built on the strength of the nation’s largest and most
diverse competitive electric generation portfolio and leading
retail electricity platform. A Fortune 200 company, NRG Energy
creates value through best in class operations, reliable and
efficient electric generation, and a retail platform serving
residential and commercial businesses. Working with electricity
customers, large and small, we continually innovate, embrace and
implement sustainable solutions for producing and managing energy.
We aim to be pioneers in developing smarter energy choices and
delivering exceptional service as our retail electricity providers
serve almost 3 million residential and commercial customers
throughout the country. More information is available at nrg.com
and picknrg.com. Connect with NRG Energy on Facebook and follow us
on Twitter at @nrginsight and @nrgenergy.
Forward-Looking Statements
This communication contains forward-looking statements that may
state NRG’s or its management’s intentions, beliefs, expectations
or predictions for the future. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions, and
typically can be identified by the use of words such as “will,”
“expect,” “estimate,” “anticipate,” “forecast,” “plan,” “believe”
and similar terms. Although NRG believes that its expectations are
reasonable, it can give no assurance that these expectations will
prove to have been correct, and actual results may vary materially.
Factors that could cause actual results to differ materially from
those contemplated above include, among others, risks and
uncertainties related to the anticipated benefit association with
coal to gas modifications, conversions and gas additions.
The foregoing review of factors that could cause NRG’s actual
results to differ materially from those contemplated in the
forward-looking statements included herein should be considered in
connection with information regarding risks and uncertainties that
may affect NRG’s future results included in NRG’s filings with the
SEC at www.sec.gov.
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version on businesswire.com: http://www.businesswire.com/news/home/20161219005293/en/
NRG Energy, Inc.Media:David Knox, 832-357-5730orMarijke Shugrue,
609-524-5262orInvestors:Kevin L. Cole, CFA, 609-524-4526orLindsey
Puchyr, 609-524-4527
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