Reliant Energy Bought by NRG

Although they had over 1.8 Million customers, Reliant Energy is now out of the retail electricity business. Due to a large debt load and credit issues, Reliant sold their business to NRG Energy for $287.5 Million. Reliant was the incumbent provider in the Houston area after being split from Houston Light & Power (HL&P) when Texas deregulated electricity. NRG Energy will still use the Reliant Energy brand, so most customers will not even realize they are with a different company. In the same manner, when customers decide to upgrade to Ambit Energy's service, the only change will be the bill which will have the Ambit Energy logo and a lower amount due.