David Crane is President and Chief Executive Officer. Since becoming President and CEO of NRG Energy in 2003, David has led its transformation from a regional wholesale generation business to a national, Fortune 200 diversified energy company. NRG is the nation's largest competitive power generator, with enough generating capacity to power nearly 1/3 of the U.S. population. The company is also a major competitive energy retailer that serves nearly 3 million recurring retail customers (principally through NRG Home Retail) and is one of the country's largest owners and operators of solar power facilities.
David is one of the leading voices in the power industry on the topic of climate change and the need for curbing carbon emissions, and he was one of the first U.S. power industry CEOs to publicly call for mandatory climate change measures. He leads NRG's efforts in the transition to a clean energy economy through repowering and retrofitting older coal plants, developing carbon capture technology, selling renewable and smart energy retail solutions and building the nation's largest privately funded network of electric vehicle fast-charging stations.
Prior to joining NRG, Crane served as CEO of International Power PLC, a UK-based wholesale power generation company, and previously held positions at Lehman Brothers and ABB Energy Ventures in Sydney, Hong Kong and New York. David is a Bachelor of Arts graduate of Princeton University's Woodrow Wilson School of Public and International Affairs and he received his Juris Doctor degree from Harvard Law School.
NRG Energy, Inc. is a large American energy company, dual-headquartered in West Windsor Township, New Jersey, and Houston, Texas. It was formerly the wholesale arm of Xcel Energy, and was spun off in bankruptcy in 2004.
In late 2005, NRG Energy bought Texas-based Texas Genco from a group of private equity firms for roughly $5.9 billion. When the state of Texas deregulated the electricity market, the former Houston Lighting Power (HLP) was split into several companies. In 2003 HLP was split into Reliant Energy, Texas Genco, and CenterPoint Energy.
In May 2009, NRG entered this market by acquiring the retail operations of Reliant Energy. NRG's retail service serves 1.6 million customers in Texas. The retail operations continue to operate under the Reliant Energy name while the remainder of the former Reliant Energy became RRI Energy.