NRG Energy, Inc. Issues Statement Re: Commitment to IGCC and Reducing Carbon Profile.PRINCETON, N.J. -- In response to an email distributed publicly by TXU TXU Texas Utilities (Electric and Gas Company) TXU Transmitter Unit Corporation's Media Relations group, NRG Energy NRG Energy, Inc. (NRG) is a wholesale power generation company founded in 1989, which has an ownership interest in 47 power generating facilities around the world. The diverse portfolio of facilities, are primarily in the Northeast, South Central and Western regions of the United , Inc. (NYSE NYSE See: New York Stock Exchange :NRG NRG Energy NRG NRG Energy, Inc. NRG Natural Resources Group NRG New Radiancy Group NRG Network Referral Group NRG Network Resource Grapher NRG Numerics Rapporteur Group NRG Neuroprosthetics Research Group NRG notional requirements generator ) has issued the following statement from David Crane David Crane may refer to:
tr. & intr.v. gas·i·fied, gas·i·fy·ing, gas·i·fies To convert into or become gas. gas combined cycle A combined cycle is characteristic of a power producing engine or plant that employs more than one thermodynamic cycle. Heat engines are only able to use a portion of the energy their fuel generates (usually less than 50%). The remaining heat from combustion is generally wasted. (IGCC IGCC Integrated Gasification Combined Cycle IGCC Indo-German Chamber of Commerce IGCC Institute on Global Conflict and Cooperation IGCC Incentive Gift Certificate Council IGCC Instituto de Gastroenterologia e Cirurgia de Campinas ) technology as part of a balanced solution to addressing energy and environmental needs responsibly. "NRG's commitment to the deployment of IGCC is driven by several facts. First, global warming is one of the most significant challenges facing mankind. Second, the power sector is responsible for a significant part of the global emissions of greenhouse gases, and must play a leading role in reducing those emissions. Third, coal is--and will remain--the premier energy source for power generation purposes in the United States for the foreseeable future. This means it is incumbent on us to find ways to convert coal to electricity while dramatically reducing its carbon emissions. "We have proposed IGCC projects in response to "clean fuel" Requests for Proposals issued by the States of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Delaware last fall. Our Huntley IGCC project in Tonawanda, New York The name Tonawanda refers to several locations in Western New York. Its use confuses even the people who live in nearby Metro Buffalo communities.
v. pul·ver·ized, pul·ver·iz·ing, pul·ver·iz·es v.tr. 1. To pound, crush, or grind to a powder or dust. 2. To demolish. v.intr. coal technology. We are now hard at work with the New York Power Authority to bring the project to fruition in a timely fashion. Our Indian River IGCC project in Delaware has been accepted for evaluation and remains under consideration. In both cases, we expect to win the projects and bring them to successful completion using state-of-the-art, carbon capture capable IGCC technology. "With respect to the suggestion that we backed away from proposing IGCC technology in response to Connecticut's Request for Proposals, we indeed planned to offer IGCC initially but we ultimately did not do so for the simple reason that Connecticut asked for power in a time frame which could not be achieved by an IGCC plant, or for that matter, by a traditional coal plant of the type being proposed by TXU. We at NRG are proud of our focus on our customers and, as such, we seek to deliver what our customers request. "We recognize that a public debate is now occurring in the State of Texas regarding what type of generation should be built in order to fuel Texas' robust growth and continued economic prosperity. We want to be part of that debate, and indeed we believe the blend of new nuclear, gas and coal-fueled plants which we have proposed in our 'Repowering Texas with NRG' program represents the best approach to affordable and reliable generation produced in an environmentally responsible manner. "While we respect other viewpoints about the best path to economic and environmentally responsible power generation--both in terms of air emissions and water usage--we feel the need to set the record straight about NRG's viewpoint." NRG Energy, Inc. owns and operates a diverse portfolio of power-generating facilities, primarily in Texas and the Northeast, South Central and Western regions of the United States. Its operations include baseload, intermediate, peaking, and cogeneration facilities and thermal energy production. NRG also has ownership interests in generating facilities in Australia, Germany and Brazil. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and typically can be identified by the use of words such as "will," "expect," "estimate," "anticipate," "forecast," "plan," "believe," and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Factors that could cause NRG's actual results to differ materially from those contemplated in the forward-looking statements included in this news release may be found with information regarding risks and uncertainties that may affect NRG's future results, which are included in NRG's filings with the Securities and Exchange Commission at www.sec.gov. More information on NRG is available at www.nrgenergy.com |
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