Liam Denning, Columnist

A Texas Tornado For America's Power Players

The Lone Star State shows how renewables threaten the traditional electricity business.

February 28, 2017 at 3:37 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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This is something the CEO of one of America's largest independent power producers, or IPPs, said on a results call on Tuesday morning:

To understand why the CEO of NRG Energy Inc. wasn't exactly cheerleading for the IPP business, it pays to look at one of the markets where NRG operates -- which also happens to be the biggest electricity market in the U.S.: Texas.