May Edition
May Edition
This month’s NRG Snapshot spotlights news from across the company. Covering topics from our first quarter earnings to our perspective on the country’s energy transition, this edition brings you select NRG news and highlights, from the month of May.
Mauricio Gutierrez: Addressing racial injustice
About
In response to the recent deaths of George Floyd, Ahmaud Arbery, and Breonna Taylor, and those that have come before, Mauricio shares a message of intolerance for injustice and inequality and urges U.S. leaders to take meaningful action to help create a better and more equitable future.
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Source: NRG Newsroom
Date: June 1, 2020
First Quarter 2020 Earnings
About
On May 7, during the first quarter earnings call, Mauricio and Kirk shared with stakeholders the impact of COVID-19 through the first quarter of the year. Both discussed how our integrated model and the nature of our business provided stability and resiliency, despite challenging market conditions. Mauricio also discussed our comprehensive COVID-19 response—including ensuring employee and customer safety, and our charitable giving efforts—the release of our 10th annual Sustainability Report, and our continued preparation for the summer months.
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NRG Energy, Inc. Reports First Quarter 2020 Results
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Source: Investors.NRG.com
Date: May 7, 2020
Q1 Earnings shows resiliency and stability of our Integrated Model
About
On May 15, S&P Global published an article titled “Strong Q1 results bolster NRG, Vistra integrated strategy,” which discussed the strength exhibited in our first quarter earnings. As many companies were impacted by COVID-19, NRG was featured as a high performer amidst the uncertainty. The key differentiator between NRG and traditional IPPs, the article suggests, was the adoption of a model that established a balance between the retail customer base and generation portfolio. S&P Global suggests that Q1 was a strong proof point for the stability and resiliency of the integrated model.
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Strong Q1 results bolster NRG, Vistra integrated strategy
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Source: S&P Global Market Intelligence
Date: May 15, 2020
NRG makes Fortune 500
About
This month, Fortune released the 66th edition of the Fortune 500, which ranked NRG at 324. An annual list that ranks the most profitable companies in the U.S. based on revenue, we were one of 17 NJ companies featured on the list.
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Source: Fortune
Date: May 20, 2020
Houston goes 100% renewable with NRG
About
In this article from Bloomberg, “Built by Oil’s Riches, Houston Goes 100% Green Years Earlier,” Robert Gaudette, Senior Vice President of Business Solutions, provides further insight into how we are helping the City of Houston, and other large business customers, go green. For many municipalities and businesses looking to complete an energy transition, we are providing solutions for renewable energy adoption that are feasible, affordable, and logistically reasonable. Gaudette explains, “We’re getting pricing that is at or better than market prices. When we have customers who are willing to sign up long term, like in this case, then we can pass along some of that savings on to the customer.”
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Built by Oil’s Riches, Houston Goes 100% Green Years Earlier
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Source: Bloomberg
Date: May 22, 2020
Keeping the power on and the energy transition progressing
About
On May 19, Mauricio sat down with Andrés Gluski (President & CEO of AES) to discuss how both companies are managing the pandemic, navigating energy transition, and are planning to achieve their long-term sustainability goals. Part of the CERAWeek Virtual Summit, Gutierrez, discussed his thoughts on the evolution of electricity usage once we adapt to the new normal; the role digitization and electrification will play in successfully decarbonizing the economy, and how we are approaching the completion of our climate commitment.
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Keeping Lights On, Internet Humming and Decarbonizing the Power Sector
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Source: IHS Markit
Date: May 29, 2020
We hope that NRG Snapshot has provided the insight you need during this time of crisis. To stay informed follow us on Twitter, LinkedIn, Facebook, and Instagram.
Join us next month, as NRG Snapshot highlights NRG news, June Edition.
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