Reliant Energy Inc.
Stock Symbol: RRI
1000 Main Street
Reliant Energy Inc. Industry:
Reliant Energy Inc. Description:
Reliant Resources, based in Houston, Texas, provides electricity and energy services to wholesale and retail customers in the U.S. and Europe, marketing those services under the Reliant Energy brand name. The company has nearly 29,000 megawatts of power generation capacity in operation, under construction or advanced development, or under contract in the U.S. It is one of the top marketers of both power and natural gas in North America. The company also has wholesale trading and marketing operations and nearly 3,500 megawatts of power generation in operation in Western Europe. At the retail level, Reliant Resources provides a complete suite of energy products and services to 1.7 million electricity customers in Texas ranging from residences and small businesses to large commercial, institutional and industrial customers.
Reliant Energy Inc. Financial Summary:
Reliant Energy Inc. Business Summary:
Reliant Energy, Inc. provides electricity and energy services to retail and wholesale customers in the United States. The company offers energy products and services to approximately 1.9 million retail electricity customers in Texas, including residential and business customers, and commercial, industrial, and governmental/institutional customers. It also provides capacity and ancillary services in the wholesale energy markets. The company offers asset management services, including transportation and storage, and supply management; emisions and renewable credit trading; and long-term energy-management solutions, including contract administration and accounting services, and financing. Reliant also serves commercial and industrial clients in the Pennsylvania, New Jersey, and Maryland interconnection. In addition, the company trades and markets power, natural gas, and other energy-related commodities, as well as provide related risk management services. As of December 31, 2004, it owned, had an interest in, or leased 50 operating electric power generation facilities with an aggregate net generating capacity of 18,737 MW in six regions of the United States. The company was incorporated in 2000 and was formerly known as Reliant Resources, Inc. It changed its name to Reliant Energy, Inc. in April 2004. Reliant Energy is based in Houston, Texas.