The History of the Reliant Energy Organization and their growth
The organization was initially known as Houston Industries (NYSE: HOU), and Houston Lighting and Power was its subsidiary. In August 1996 HI shut on consolidation with NorAm Energy Corp, a gaseous petrol utility. The joined organization, starting around 1997, had resources of $18 billion and yearly incomes of about $9 billion. By November 1997 there was a distributed report expressing that the organization Reliant Energy reviews wished to secure Central and South West Corp. Hello, there declined to remark. In 1999, Houston Industries changed its name to Reliant Energy and its new NYSE image was REI. It was booked to start exchanging under REI on February 8, 1999.
In 2002, Texas liberated the power market and Reliant then contended with other energy organizations like Direct Energy and TXU Energy. Right now, Reliant Energy is additionally isolated into two public corporations: Reliant Resources, Inc. what’s more, and CenterPoint Energy, Inc. (NYSE: …