Mauricio Gutierrez is President and CEO of NRG. Gutierrez joined NRG in 2004 and helped build the company from a regional wholesale generation business to a national, Fortune 500, diversified energy company. Prior to becoming President and CEO, he held the position of Chief Operating Officer. During his tenure as COO, Gutierrez led NRG's engineering and construction activities related to new generation and repowering projects.
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.