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Liam Denning

A Texas Tornado For America's Power Players

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

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.