NRG CEO resigns amid transition to renewable energy

fortune.com

11 pointsgromy7 comments

This is a bit of a misleading headline. He resigned because his renewable energy bets weren't paying off and his company was losing money as a result.

are there other companies now pursuing cleantech?

It's much harder with oil at 40ish/bbl.

Very little oil is used in electricity generation, except in Hawaii and Puerto Rico.

The problem is everyone is racing to deploy renewables, driving the price of electricity down. This is good for consumers, bad for utilities. Traditional returns are going right out the window (or rather, are being transferred away from utilities to renewables manufacturers).

So read "oil" as "oil and gas." To an extent, coal too.

That too, although pound for pound alts are still slightly more expensive.

Yes, NRG, SolarCity, and Sungevity all were looking to get panels on my house. Good time to be a consumer.

If you don't mind me asking:

* Did you decide to move forward with an installation?

* If so, who did you select as the installer?

* If not, why not?

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