Green Mountain Energy
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| Subsidiary of NRG Energy | |
| Industry | Renewable energy |
| Founded | 1997 |
| Headquarters | Austin, Texas, US |
| Products | Retail and commercial electricity, carbon offsets and sustainable energy solutions |
| Website | http://www.greenmountainenergy.com |
Green Mountain Energy Company is a United States company that offers electricity products, carbon offsets, and "sustainable solutions" to residential and commercial customers. Green Mountain is owned by NRG Energy, which derives 93% of its power from burning fossil fuels.
Green Mountain Energy began in Vermont in August 1997 as an offshoot of Green Mountain Power to take advantage of electricity deregulation around the country. The company moved its headquarters to its current location in Austin, Texas in September 2000. Green Mountain began serving the Texas competitive market in January 2002, and was the first retailer to offer alternative energy in the state.
Competitors of Green Mountain include Reliant Energy, Champion Energy, Texas Power, TXU, Gexa Energy, and Direct Energy.
In August 2009, Green Mountain Energy expanded to the New York City market, serving residential and commercial electricity customers in the Con Edison service territory.
In November 2010, Green Mountain Energy was acquired by NRG Energy for $350 million. Green Mountain Energy once operated as a standalone subsidiary of NRG, but now operates as one of NRG's many brands. With the acquisition of Green Mountain Energy’s renewable offerings, NRG became one of the largest retailers of green power in the nation. NRG derives 93% of its energy from burning fossil fuels.
Green Mountain Energy made national headlines in January 2011 by signing a two-year agreement to provide 100% renewable energy to the Empire State Building, making this the largest commercial green power purchase in New York City at that time. The following year, in February 2012, the company partnered with the National Football League (NFL) to power Super Bowl XLVI with 15 million kWh of renewable energy.
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