NRG

NRG went into Chapter 11 bankruptcy in 2003, after which Xcel Energy shed all ownership of NRG.

History

NRG Energy, Inc. (NRG Energy or the Company) is a global energy company, primarily engaged in the acquisition, development, ownership, and operation of power generation facilities and the sale of energy, capacity and related products.

NRG is operating in the areas of:

competitive energy production
co-generation facilities
power marketing
thermal energy production and transmission
resource recovery facilities.

As of June 2001, NRG has net ownership interest in approximately 67 projects (191 facilities) in operation and under construction representing approximately 19,549 megawatts of capacity. In addition, NRG has signed acquisition agreements for projects totalling 5,636 megawatts of net equity ownership.

NRG was formerly a wholly owned subsidiary of Northern States Power. However, it went public in May 2000, after which Xcel was left with 82% ownership. In March 2001, NRG Energy completed a public offering of 18.4 million shares of its common stock, leaving Xcel with 74% ownership.

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