Centaurus Financial - we invest in your success
CuraDebit Free Debt Analysis
  Home > Fortune 500 Companies > Reliant Energy

Reliant Energy

Reliant Energy is a publicly traded company having a good stock performance result. Reliant Energy is a fortune 500 stock listed company trading under PRI. Reliant Energy formerly Reliant Resources relies on its status as a leading US independent power producer and marketer.
The company has generating plants that gives it a primarily fossil fueled capacity of approximately 19000 Megawatts. Reliant Energy is a top competitive retail power supplier in Texas, where it serves 1.9 million customers. The company also markets energy commodities to wholesale customers; however, it is exiting the proprietary trading business due to volatile conditions in the energy market. Reliant Energy was formed in 2000 by Center Point Energy, which spun off its 83 percent stake in the company in 2002.
Reliant Energy provides electricity and energy-related products and services to more than 1.9 million retail and wholesale customers primarily in Texas and in the Pennsylvania, New Jersey and Maryland Interconnection. They have approximately 16000 megawatts of power generation capacity in operation or under contract across the U.S.
On FEB. 21, 2006 Reliant Energy, reported a loss from continuing operations before income taxes of 255 million dollars for the fourth quarter of 2005, compared to 324 million dollars for the same period of 2004. The reported numbers include net losses from unrealized energy derivatives of 86 million dollars and 138 million dollars, for 2005 and 2004 respectively.

During the year ended December 31, 2005, the company reported an 1110 million dollars use of cash in continuing operations from operating activities, compared to cash provided in continuing operations of 5 million dollars in 2004. The reported numbers include increases in cash margin deposits totaling 1214 million dollars in 2005 and 451 million dollars for 2004. Free cash flow from continuing operations for the year ended December 31, 2005 was 22 million dollars, compared to 274 million dollars in 2004.

Open earnings before interest, income taxes, depreciation and amortization was 200 million dollars for the fourth quarter of 2005, compared to 50 million dollars for the fourth quarter of 2004. The increase was primarily related to improvements in wholesale unit margins and increased economic hours, partially offset by lower retail gross margin and a reduction in the commercial capacity factor for the wholesale generation assets.

Back to Fortune 500 Companies