NRG Completes Four Coal to Gas Projects and Continues Fleet Optimization Strategy
Powering two million homes with half the carbon footprint
PRINCETON, N.J.--(BUSINESS WIRE)--Dec. 19, 2016--
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
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
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
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
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.
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
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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Source: NRG Energy, Inc.
NRG Energy, Inc.
David Knox, 832-357-5730
Kevin L. Cole, CFA,
Lindsey Puchyr, 609-524-4527