Reliant Energy, Inc. NYSE: RRI is an energy company based in Houston, Texas providing electricity to houses throughout Texas and particularly in the Greater Houston area and the Dallas/Fort Worth Metroplex. This work is copyrighted. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) , also nicknamed the Big Board, is the largest stock exchange in the world in dollar volume and second largest by number of companies listed. ... Nickname: Bayou City Location in the state of Texas Coordinates: Counties Harris County Fort Bend County Montgomery County Mayor Bill White Area    - City 1,558 km²  (601. ... Lightning strikes during a night-time thunderstorm. ... Official language(s) See: Languages of Texas Capital Austin Largest city Houston Area  Ranked 2nd  - Total 268,581 sq mi (695,622 km²)  - Width 773 miles (1,244 km)  - Length 790 miles (1,270 km)  - % water 2. ... The Houston–Sugar Land–Baytown metropolitan area, a title designated by the U.S. Census as of 2003, is the seventh-largest metropolitan area and one of the most diverse[1] in the United States consisting of 10 counties within the state of Texas. ... The Dallas/Fort Worth Metroplex encompasses the metropolitan divisions of Dallas–Plano–Irving and Fort Worth–Arlington, within the U.S. state of Texas. ...

Reliant subsidiaries also provide electricity in much of the western United States and mid-Atlantic states.

In 2002, the state of Texas deregulated Reliant's monopoly on electricity and Reliant now competes against other energy companies like TXU Energy, Direct Energy, Stream Energy, Gexa Energy and Cirro Energy. For album titles with the same name, see 2002 (album). ... This article or section is not written in the formal tone expected of an encyclopedia article. ... TXU (short for Texas Utilities, formerly TU Electric) (NYSE: TXU) is an energy company headquartered in Energy Plaza in Dallas, Texas. ... Direct Energy is a retailer of energy and energy solutions. ... Stream Energy is a retail electricity firm active in the Texas deregulated power sector and headquartered within the InfoMart building in Dallas. ... Gexa Corporation (d/b/a Gexa Energy) is located in Houston, Texas and is a retail electric provider (a “REP”) active in the deregulated Texas electricity market. ... Cirro Energy is a Retail Electric Provider (REP) based in Richardson, Texas that delivers electrical service and customer service to tens of thousands of power customers throughout the ERCOT distribution grid within the deregulated Texas electricity market. ...

Reliant has been under investigation for its alleged role in the California electricity crisis of 2000 and 2001. Reliant is suspected of gaming the market by decreasing energy production at its large plants, which caused the spot price for electricity to surge. Hourly contracts are based on the average spot market price for that hour, so by doing this, they increased their profits. After the price went up, they would ramp up production so that they would be at the appropriate level when the California Independent System Operator checked their output. Most power plants are not designed to operate like this, particularly the older ones that Reliant operates. Some plants take hours for large increases or decreases in production. As a result of this abuse, Reliant suffered a great number of breakdowns. However, even with the expensive repairs, they likely made substantial profits because of the high prices they were paid for electricity. In January of 2003, Reliant reached a settlement with the Federal Energy Regulatory Commission in which they paid back $13.8 million it earned in California by restricting the supply from its power plants. However, Reliant did not admit any wrongdoing in this settlement. The California electricity crisis (also known as the Western Energy Crisis) of 2000 and 2001 followed a failed partial-deregulation, in 1996, of the electricity market in the state. ... In the US an Independent System Operator or ISO, is a federally regulated regional organization which coordinates, controls and monitors the operation of the electrical power system. ... The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over interstate electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. ...

In March of 2004, Reliant announced that federal prosecutors are seeking a criminal indictment against subsidiary Reliant Energy Services and four of its employees for their alleged role in the California electricity crisis. [1] The indictments were filed on April 8, 2004. [2] In August of 2005, Reliant reached a $460 million settlement regarding its energy sales in the 2000 and 2001 California electricity crisis.

Naming rights

Reliant Park has the naming rights to Reliant Park campus, home to the Reliant Astrodome, Reliant Stadium, Reliant Arena and Reliant Center. Photograph of a sign at the entrance to the Reliant Park Complex, with Six Flags Astroworld in the background Reliant Park (formerly the Astrodomain) is a complex in Houston, Texas named after the energy company Reliant Energy. ... The Reliant Astrodome, formerly the Astrodome, is a domed sports stadium, the first of its kind. ... Reliant Stadium in Houston, Texas is the home base for the Houston Texans, a professional NFL football team. ... The Reliant Arena, formerly the Astroarena, is a 350,000 sq. ... Reliant Center is a convention center in Houston, Texas, part of the Reliant Park complex that was constructed in the parking lot surrounding the Astrodome. ...

Controversy

According to Citizens for Tax Justice, in 2003, Reliant got away with paying zero taxes (Coporate Income Taxes in the Bush Years). Citizens for Tax Justice was founded in 1979 with the mission of giving ordinary people a greater voice in the development of tax laws. ...

See also

• CenterPoint Energy
• Deregulation of the Texas electricity market
• ERCOT

NRG is the second largest producer of fine particulate pollution and mercury pollution from its coal plants in the state of Texas after TXU according to the Texas Air Quality Board. CenterPoint Energy is an electric and natural gas utility serving several markets in the United States. ... This article or section is not written in the formal tone expected of an encyclopedia article. ... The Electric Reliability Council of Texas (ERCOT) is a non-profit organization with an oversight committee at the Public Utility Commission of Texas which regulates the standards, operating procedures and operating costs among other things. ...

External links

• Reliant Energy website
• FERC Settlement Details
• Summary and Analysis of Reliant Energy

Data

• Yahoo! - Reliant Energy, Inc. Company Profile