How a California community succeeded in pushing for a reliability fix that will see the installation of storage projects rather than a natural-gas peaker plant. What started as a routine gas plant procurement ended as a testament to the changing electrical grid. This week, utility Southern California Edison selected a roster of energy storage projects […]
Southern California Edison Picks 195MW Battery Portfolio in Place of Puente Gas Plant
How a California community succeeded in pushing for a reliability fix that will see the installation of storage projects rather than a natural-gas peaker plant. What started as a routine gas plant procurement ended as a testament to the changing electrical grid. This week, utility Southern California Edison selected a roster of energy storage projects […]
NRG Energy, Inc. Completes Partial Redemption of Its Outstanding 6.25% Senior Notes due 2022
PRINCETON, N.J: NRG Energy, Inc. (NYSE:NRG) announced that today it completed NRG’s previously announced redemption of its 6.25% Senior Notes due 2022 (the “2022 Notes”) in the aggregate principal amount of $486,000,000.00. The redemption price for the redeemed 2022 Notes was an amount equal to 103.125% of the principal amount of the redeemed 2022 Notes, […]
NRG Spins Out ‘Station A’ Software Platform for Optimizing Distributed Energy
NRG’s former “skunkworks” project says it’s building an energy database that can cut time and costs for clean energy deployments and open up new markets. Station A, the San Francisco-based R&D center once owned by NRG Energy, is now a standalone company. The Station A team developed a software platform to deploy distributed clean energy […]
NRG Energy, Inc. Prices Offering of $500 Million Convertible Senior Notes
PRINCETON, N.J.: NRG Energy, Inc. (NYSE:NRG) has priced its offering of $500 million in aggregate principal amount of its 2.75% convertible senior notes due 2048 (the “Notes”). NRG has granted to the initial purchasers a 30-day option to purchase up to an additional $75 million in aggregate principal amount of the Notes. The Notes will […]