NRG Sees Reversal of Coal-to-Gas Switch for Texas Power
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NRG Energy Inc., the best performer on the Standard & Poor’s 500 Utilities Index today, said rising natural-gas prices are reversing the trend of power plants switching from using coal in Texas.
“Particularly in Texas, with the combination of that and some heat-rate recovery, we have seen the reversal of that coal-to-gas switching that we experienced in January,” Chief Operating Officer Mauricio Gutierrez said on a conference call with analysts today.