Expands customer options for retail electricity needs
PRINCETON, N.J.--(BUSINESS WIRE)--Aug. 22, 2013--
NRG Energy, Inc. (NYSE:NRG) has acquired Energy Curtailment Specialists
(ECS), one of the largest, private demand response providers in North
America. ECS offers business customers ways to contribute to energy load
reduction during times of peak demand. Energy Curtailment Specialists
currently manages more than 2,000 megawatts of demand response across
the country for over 5,000 customers.
“NRG has been on the forefront of giving customers greater choice in how
their power is made,” said Jim Steffes, President NRG Retail Northeast.
“Acquiring Energy Curtailment Specialists’ demand response and other
solutions allows us to continue this leadership by enhancing our ability
to help our customers reduce their electricity demand when that
reduction is critical to maintaining the electrical grid and to do so in
a way that improves their bottom line.”
“Combining the demand response services that Energy Curtailment
Specialists delivers with the strength of NRG Energy and their ongoing
efforts to give electricity customers more and smarter energy choices is
a natural fit,” said Jim Korczykowski, who will continue to serve as
President of Energy Curtailment Specialists, within the NRG Energy
organization. “Together, we are in a tremendous position to better meet
our customers’ ever-evolving energy needs.”
Energy Curtailment Specialists’ headquarters will remain in the Buffalo,
NY area.
Terms of the transaction are not being disclosed.
About NRG
NRG is at the forefront of changing how people think about and use
energy. We deliver cleaner and smarter energy choices for our customers,
backed by the nation’s largest independent power generation portfolio of
fossil fuel, nuclear, solar and wind facilities. A Fortune 500 company,
NRG is challenging the U.S. energy industry by becoming one of the
largest developers of solar power, building the first comprehensive
electric vehicle ecosystem, and providing customers with the most
advanced smart energy solutions to better manage their energy use. In
addition to 46,000 megawatts of generation capacity, enough to supply
nearly 40 million homes, our retail electricity providers – Reliant,
Green Mountain Energy and Energy Plus – serve more than two million
customers. More information is available at www.nrgenergy.com.
Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy.
NRG Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions and include
NRG’s expectations regarding the anticipated benefits of the acquisition
of Energy Curtailment Specialists. Forward-looking statements typically
can be identified by the use of words such as “will,” “expect,”
“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, general
economic conditions, hazards customary in the power industry,
competition in wholesale and retail power markets, the volatility of
energy and fuel prices, failure of customers to perform under contracts,
changes in the wholesale power and retail markets, and changes in
government regulation of markets and of environmental emissions. NRG
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. The foregoing review of factors that could cause NRG’s actual
results to differ materially from those contemplated in the
forward-looking statements included in this news release 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 Securities and Exchange Commission at www.sec.gov.
Source: NRG Energy, Inc.
NRG
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