RRI Energy, Inc. · Houston, TX United States(NYSE: RRI)
Company Description
Phone: 832-357-3000
Fax: 832-357-0140
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This link will open in a new window RRI Energy, a leading US independent power producer, has 37 generating plants that give it a primarily fossil-fueled capacity of almost 14,600 MW. RRI Energy's customers include independent power producers, utilities, municipalities, and cooperatives. Its plants -- which are powered by coal, gas, and fuel oil -- serve much of the mid-Atlantic, southeastern, and midwestern US along with California. In 2009, in a move to cut costs and slim down, the company sold its Texas retail business, which had accounted for more than two-thirds of its sales, to NRG Energy Mirant. To read the full description, subscribe now.
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Key RRI Energy, Inc. Financials
| Company Type | Public - NYSE: RRI Headquarters |
| Fiscal Year-End | December |
| 2009 Employees | 2,239 |
RRI Energy, Inc. Executives
17 executives listed for RRI Energy, Inc.'s Houston, TX location.
| Title | Name & Bio | Contact |
| President, CEO, and Director | Mark Jacobs | |
| EVP and CFO | Rick Dobson | |
| EVP, General Counsel, Corporate Secretary, and Chief Compliance Officer | Michael Jines |
Competition
Competitive Landscape for RRI Energy, Inc.
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.
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