NRG, GenOn Announce Merger
by: Andrew Schneider, July 23, 2012 2:07:00 pm
The new company, which will retain the NRG name, will have a combined generating capacity of 47,000 MW, enough to power roughly 40 million homes.
The bulk of GenOn’s generating capacity is in the Northeast and California. As such, the merger will mean little change for NRG’s Texas customers. Not so for the two companies’ Houston employees.
John Ragan is executive vice president with NRG.
“GenOn has their corporate headquarters here, and we have a substantial amount of our operations here in Texas, with about 1,400 employees. So, yes, unfortunately there will be some redundancies.”
Ragan says the company is hoping to increase jobs in Houston over the long-term as it expands its retail operations.
Pending regulatory approval, the merger is expected to be completed in early 2014.