NRG Energy To Bounce Back With More Solar Following Nuclear Uncertainty


NRG Energy the largest independent power producer in the United States, had significant quarterly losses following its decision to abandon the development of two nuclear plants in Texas although it vows to bounce back with more utility-scale solar power plants in the coming months.

The company incurred a $481 million impairment charge for writing down its plans for the South Texas Project in April, a move taken in response to regulatory uncertainty following the ongoing Fukushima Daiichi nuclear disaster in Japan.

“The tragic nuclear incident in Japan has introduced multiple uncertainties around new nuclear development in the United States which have had the effect of dramatically reducing the probability that [South Texas Project] 3 and 4 can be successfully developed in a timely fashion,” said David Crane, chief executive NRG.

One of NRG’s partners on the two planned 1,350-megawatt reactors was to be Tokyo Electric Power Company, the Japanese utility that owns the reactor complex crippled by the March 2011 earthquake and tsunami.

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The Green Living Guy, Seth Leitman is a green living expert, celebrity and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and a Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke # Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea # and more green living books to follow.