BNET Industries

Market Cap:$1.5B
Last Fiscal Year Sales:$11.2B
  • Public
  • US
Dow Jones Description

You can Rely on our energy services. Based in Houston, TX, Reliant Energy Inc. (NYSE: RRI) provides electricity and energy services to wholesale and retail customers. It operates electric power generation sites in the US and Europe and serves about 1.9 million electricity customers, mostly in Texas. It operates in two business segments: Wholesale provides energy and energy services to wholesale energy markets, while Retail provides power directly to consumers. The company has revenues of $9.7 billion and employs 3,675 workers. It has about 16,000 MW of generation capacity.

President and Chief Executive OfficerMark M. Jacobs
Number of Employees 3,816
Contact Information

1000 Main St

PO Box 148

Houston, Texas 77002

reliant.com

(713) 497-3000

NAICS Code Electric Power Distribution: 221122

Recent Events

  • MARKET TALK: Exelon Unlikely To Issue Equity If Seals NRG Deal

    6/18/09 - Merger / Acquisition - View Story

  • Reliant Energy Selects Grey as Its Branding and Advertising Agency

    6/08/09 - Licensing / Contract - View Story

  • US FERC approves Exelon's contested acquisition of NRG Energy

    5/21/09 - Merger / Acquisition - View Story

  • New home to be named Cowboys Stadium

    5/14/09 - Joint Venture / Alliance - View Story

  • RBC Downgrades Reliant Energy RRI to Underperform

    5/12/09 - Bond / Stock Rating - View Story

  • NRG Energy acquires retail business of Reliant Energy

    5/04/09 - Merger / Acquisition - View Story

  • Reliant board chairman Joel Staff to retire

    5/01/09 - Board Member - Entering - View Story

  • NRG Energy Finalizes Acquisition of Reliant Energy's Retail Business

    5/11/09 - Merger / Acquisition - View Story

  • NRG Energy receives regulatory approval to acquire Texas retail business of Reliant Energy

    4/01/09 - Merger / Acquisition - View Story

  • UPDATE 1-Exelon CEO says NRG bid based on Texas assets

    4/03/09 - Merger / Acquisition - View Story

  • Amid Exelon takeover bid, NRG to buy Reliant retail operations

    3/02/09 - Merger / Acquisition - View Story

  • NRG Energy to acquire Texas retail operations of Reliant Energy

    3/03/09 - Merger / Acquisition - View Story

  • 2nd UPDATE: Reliant Energy Sells Texas Retail Operations, Posts Loss

    3/02/09 - Joint Venture / Alliance - View Story

  • Statement Regarding NRG Announcement of Purchase of Reliant

    3/02/09 - Merger / Acquisition - View Story

  • UPDATE: Reliant Energy Posts Loss, Inks Texas Retail Operations Sale

    3/02/09 - Lawsuit Filed - View Story

  • NRG Energy to Acquire Reliant Energys Texas Retail Business for $287.5 Million in CashCombination of...

    3/12/09 - Merger / Acquisition - View Story

  • HEI Announces New Chief Financial Officer

    1/24/09 - Mgmt. Change Entering - Other - View Story

News & Analysis

reliant energy inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Mark M. Jacobs President and Chief Executive Officer
Brian Landrum Executive Vice President and Chief Operating Officer
James S. Brian Chief Accounting Officer & Senior Vice President
Rick Dobson Executive Vice President, Chief Financial Officer
Suzie Kupiec Senior Vice President and Chief Risk and Compliance Officer
Jerry J. Langdon Executive Vice President, Public and Regulatory Affairs
Albert Myres Senior Vice President, Government and Public Affairs
Carla J. Mitcham Senior Vice President
Charles Griffey Senior Vice President of Regulatory Affairs
David Brast Senior Vice President
David Roylance Senior Vice President of Reliant Energy's Commercial and Industrial Sales and Marketing
David S. Freysinger Senior Vice President, Generation Operations
James Robb Senior Vice President, Retail Marketing
Karen D Taylor Senior Vice President, Human Resources
Matthew R. Benner Senior Vice President, Retail Marketing & Operations
Michael L. Jines Senior Vice President
Rogers Herndon Senior Vice President, Commercial Operations and Origination
Thomas Livengood Senior Vice President
Dennis Barber Vice President Investor Relations
Mia Vu Vice President, Product Structuring
Richard Rathvon Vice President, Marketing
Vince Lepka Vice President, Marketing
Derek Furstenwerth Director of Air Resources
E. William Barnett Lead Director
Sandra J. Fruhman Director
Eva Newsome Manager, Marketing
Michael Cozzi Senior Energy Marketing Manager
Pat Hammond Manager, Corp Communications
Sidney Evans Marketing Manager, Services
Shailendra Reddy Software Architect
Evan J. Silverstein Director
Robert J. Cruikshank Director
Sarah M. Barpoulis Director
Steven L. Miller Director

Board of Directors

Name (plus bio) Position
Laree E. Perez Chairman, Audit Committee
William L. Transier Chairman, Compensation Committee
David M. McClanahan vice chairman
Donald J. Breeding Board of Directors
Monica Schafer Board of Directors
Morrison Sarah Board of Directors

Mark Jacobs is president and chief executive officer of Reliant Energy, Inc. Previously he served as Reliant's chief financial officer from July 2002 through May 2007. Prior to joining Reliant in 2002, Jacobs had a long-standing advisory relationship with the company in his position as managing director with Goldman, Sachs and Co. Jacobs joined Goldman Sachs in 1989 in mergers and acquisitions in New York. He moved to the energy and power group in 1997 and relocated to Houston in 1998. Jacobs serves on the boards of the Houston Museum of Natural Science and the Greater Houston Partnership. He is also a member of the executive board of KIPP, Inc., a network of free, open-enrollment, college-preparatory public schools in under-resourced communities throughout the United States. He earned a bachelor's degree in business administration from Southern Methodist University and a master's degree in management from Northwestern University's J.L. Kellogg Graduate School of Management.

Organization Position Status
RRI Energy Inc. President and Chief Executive Officer Current
RRI Energy Inc. Chief Financial Officer Current
Yourhoustonbusiness.Com Current
Houston Museum of Natural Science Board of Directors Current
RRI Energy Inc. Board of Directors Current
The Goldman Sachs Group, Inc. managing director Former
Goldman, Sachs & Co. Former
Southern Methodist University master's degree in management Former
Southern Methodist University Bachelor's Degree In Business Administration Former

Brian Landrum is executive vice president and chief operating officer for Reliant Energy. He is responsible for the company's four operational functions, which include retail marketing, ERCOT supply, plant operations and commercial operations. Landrum joined Reliant in November 1999. He has held positions of increasing responsibility including senior vice president, retail operations, followed by president, Reliant Energy Retail Services, and senior vice president, commercial and retail operations and information technology. Before joining Reliant, Landrum worked for Compaq Computer Corporation. During that time, he held the position of general manager of the worldwide commercial displays business unit. Prior to his service at Compaq, Landrum spent 10 years in general management and information technology consulting with McKinsey & Company and Accenture in the United States, Mexico and Europe. Landrum currently serves on the board of directors of both Central Houston and Rebuilding Together Houston. Landrum earned a bachelor's degree in industrial engineering from Stanford University and received his Master of Business Administration degree from the University of Chicago.

Organization Position Status
RRI Energy Inc. Executive Vice President, Operations Former
Rebuilding Together Houston Executive Vice President Current
Yourhoustonbusiness.Com Current
Rebuilding Together Houston Board of Directors Current
Central Houston Board of Directors Current
Hewlett-Packard Company Former
McKinsey & Company, Inc. Former
Compaq Computer Corporation Former
University of Chicago master of business administration degree Former
Stanford University bachelor's degree in industrial engineering Former
Organization Position Status
RRI Energy Inc. Chief Accounting Officer & Senior Vice President Current

Rick Dobson is executive vice president, chief financial officer of Reliant Energy, Inc. He oversees the operation of the finance, accounting, investor relations, performance management, internal audit and information technology functions of the company. He also is responsible for leading the financial aspects of the strategic plan and creating the infrastructure to support Reliant's disciplined approach to capital investment. Prior to joining Reliant, he served as CFO of the aluminum products company Novelis, Inc. Earlier in his career, he held the position of chief financial officer at Aquila, Inc., an electric and natural gas utility company based in Kansas City, Mo. Dobson earned a bachelor's degree in business administration from the University of Wisconsin and completed a Master of Business Administration at the University of Nebraska. He maintains his license to practice as a CPA in Texas.

Organization Position Status
RRI Energy Inc. Executive Vice President, Chief Financial Officer Current
Aquila, Inc. Chief Financial Officer Former
Novelis Inc. Chief Financial Officer Former
Novelis Inc. Senior Vice President Former
Aquila, Inc. Senior Vice President Former
University of Nebraska Master of Business Administration Former
University of Wisconsin B.S. business administration Former
Organization Position Status
RRI Energy Inc. Senior Vice President and Chief Risk and Compliance Officer Current

Jerry J. Langdon serves as the Chief Administrative & Compliance Officer. Prior to joining Energy Transfer in June 2007, Mr. Langdon was the Executive Vice President for Public and Regulatory Affairs and Chief Compliance Officer for Reliant Energy. Mr. Langdon also served for five years as Commissioner for the Federal Energy Regulatory Commission (FERC). A board member of the North American Energy Standards Board, and The Interstate Oil and Gas Compact Commission, Mr. Langdon also served as the Chairman of the National Petroleum Council' s 2003 study of North American natural gas markets – "Balancing Natural Gas Policy – Fueling the Demands of a Growing Economy." Beginning his career in 1975, Mr. Langdon has more than 30 years of business experience in the energy industry.

Organization Position Status
Energy Transfer Partners, L.P. Chief Administrative and Compliance Officer Current
RRI Energy Inc. Executive Vice President, Public and Regulatory Affairs Current
Yourhoustonbusiness.Com Current
RRI Energy Inc. Chief Administrative Officer Former
Federal Energy Regulatory Commission Commissioner Former
National Petroleum Council Chairman, Coordinating Subcommittee Former
The University of Texas Bachelor of Science Degree In Communications Former
The University of Texas at Austin bachelor of science degree in communications Former

Albert H. Myres has served as our Senior Vice President, Government and Public Affairs since December 2007. He served as Shell Oil Corporation s Chief of Staff and Senior Advisor to the President and Country Chairman from August 2005 to December 2007 and Senior Advisor, Government Affairs from June 2002 to August 2005.

Organization Position Status
RRI Energy Inc. Senior Vice President, Government and Public Affairs Current
Organization Position Status
RRI Energy Inc. Senior Vice President Current
RRI Energy Inc. President, Reliant Energy Retail Services Former
Texas A&M University Master of Science Degree Former
Texas A&M University Bachelor of Science Degree Former

Charles S. Griffey has served as our Senior Vice President, Market Design and Regulatory Affairs since December 2007. Prior to that, he was Senior Vice President, Regulatory Affairs from February 2003 to December 2007.

Organization Position Status
RRI Energy Inc. Senior Vice President of Regulatory Affairs Current
Rice University Bachelor of Science In Chemical Engineering Former
Organization Position Status
RRI Energy Inc. Senior Vice President Current
Texas A&M University B.B.A. In Finance and Accounting Former

David Roylance is senior vice president of Reliant Energy's Commercial and Industrial Sales and Marketing. In this role, Roylance and his team are responsible for the profitable expansion and management of all Reliant business customers in the United States. Roylance joined Reliant in 1998 as director of Natural Gas Trading and Marketing in the western United States. In 1999, he joined Reliant Europe where he was responsible for establishing a wholesale origination and marketing presence in the rapidly developing European market. In 2001 he returned from Europe to lead Reliant's retail commercial and industrial activities in the ERCOT market. Roylance came to Reliant from ConocoPhillips where he held exploration, production, planning and natural gas trading assignments in domestic and international markets. Roylance serves on the board of Children at Risk, a research-based advocacy group dedicated to children's issues. He earned his bachelor's degree in business from the College of Business Administration, University of North Texas in Denton.

Organization Position Status
RRI Energy Inc. Senior Vice President of Reliant Energy's Commercial and Industrial Sales and Marketing Current
RRI Energy Inc. Board of Directors Former
Natural Gas Trading Corporation Director Former
Organization Position Status
RRI Energy Inc. Senior Vice President, Generation Operations Current
Yourhoustonbusiness.Com Senior Vice President, Generation Operations for Reliant Energy, Inc. Current
RRI Energy Inc. Chief Operating Officer Former
RRI Energy Inc. Director, Corporate Planning and Development Former
Amoco Corporation Financial, Strategy and Business Unit Roles Former
RRI Energy Inc. Director Former
University of Chicago MBA Former
University of Chicago Bachelor's Degree In Economics Former
Dickinson College Bachelor's Degree In Economics, Mathematics Former
Organization Position Status
RRI Energy Inc. Senior Vice President, Retail Marketing Current
Organization Position Status
RRI Energy Inc. Senior Vice President, Human Resources Current
Yourhoustonbusiness.Com Current
Society for Human Resource Management Board of Directors Current
Society for Human Resource Management Member Current
RRI Energy Inc. Chief Diversity Officer Current
Louisiana Tech University Master of Professional Accountancy Degree Former
Organization Position Status
RRI Energy Inc. Senior Vice President, Retail Marketing & Operations Current
Organization Position Status
RRI Energy Inc. Senior Vice President Current
Yourhoustonbusiness.Com Senior Vice President, General Counsel and Corporate Secretary Current
United Way of The Texas Gulf Coast, Inc Trustee Current
RRI Energy Inc. General Counsel Current
Center Point Deputy General Counsel Former
The University of Houston Juris Doctor degree Former
Organization Position Status
RRI Energy Inc. Senior Vice President, Commercial Operations and Origination Current
PSEG Energy Resources & Trade LLC Director, Unregulated Commercial Activities Former
Washington and Lee University Bachelor's of Arts In Economics Former
Organization Position Status
RRI Energy Inc. Senior Vice President Current
Good Samaritan Foundation Board of Directors Current
RRI Energy Inc. Board of Directors Current
Tenneco Energy Chief Financial Officer Former
RRI Energy Inc. Controller Current
Tenneco Energy Executive Vice President Former
Carriage Services, Inc. Executive Vice President Former
Southern Methodist University Bachelor of Business Administration Former
Organization Position Status
RRI Energy Inc. Vice President Investor Relations Current
Organization Position Status
RRI Energy Inc. Vice President, Product Structuring Current
Organization Position Status
RRI Energy Inc. Vice President, Marketing Current
Organization Position Status
RRI Energy Inc. Vice President, Marketing Current

Derek Furstenwerth is the Director of Air Resources for Reliant Energy. Derek received a Bachelor of Science from the University of Texas in 1990, and has worked for Reliant Energy since September 1990. In his current role, he is responsible for air quality compliance programs nationally, development and acquisition of power plants, and air quality policy development and support. Reliant Energy, Inc. (NYSE: RRI) based in Houston, Texas, provides electricity and energy- related products to more than 1.9 million retail and wholesale customers in Texas and in the Pennsylvania, New Jersey and Maryland Interconnection. The company is one of the largest independent power producers in the nation with approximately 16,000 megawatts of power generation capacity in operation or under contract across the United States.

Organization Position Status
RRI Energy Inc. Director of Air Resources Current
Next Generation Lower Carbon Board of Directors Current
The University of Texas Bachelor of Science Former
Organization Position Status
RRI Energy Inc. Lead Director Current
The Center for Houston's Future Board Director Current
RRI Energy Inc. Director Current
The Houston Zoo Board of Directors Current
RRI Energy Inc. Chairman, Nominating and Governance Committee Current
Greater Houston Partnership Director Current
Westlake Chemical Corporation Board of Directors Current
Enterprise Products Gp LLC Director Current
Enterprise GP Holdings L.P. Director Current
Ut Law Board of Directors Current
Enterprise Products Partners L.P. Board of Directors Current
American College of Trial Lawyers Fellow Current
RRI Energy Inc. Member, Compensation Committee Current
Baker Botts Llp Managing Partner Former
Epgp Elected A Director Former
Enterprise Products Gp LLC Elected A Director Former
Baylor College of Medicine Trustee Former
Texas Law Review Editor Former
The Center for Houston's Future Chairman Former
The Houston Zoo Chairman Former
Rice University Chairman Former
James A. Baker III Institute for Public Policy Chairman Former
Greater Houston Partnership Board Chairman Former
Rice University Board of Trustees Former
Baylor College of Medicine Board of Directors Former
Rice University B.A. Former
The University of Texas at Austin Ll.B Former
Organization Position Status
RRI Energy Inc. Director Current
Organization Position Status
RRI Energy Inc. Manager, Marketing Current
Organization Position Status
Cirro Energy Services President Current
RRI Energy Inc. Senior Energy Marketing Manager Current
Plano Chamber of Commerce Board of Directors Current
Success North Dallas Board of Directors Current
Plano Chamber of Commerce Member Current
Cirro Energy Services Executive Vice President Former
The Dow Chemical Company Former
Purdue University Former
Organization Position Status
RRI Energy Inc. Manager, Corp Communications Current
Organization Position Status
RRI Energy Inc. Marketing Manager, Services Current

Shailendra Reddy is a software architect at Reliant Energy. He has been involved in many voluntary efforts such as painting houses for the needy and trash pickup at beaches. Most recently, he spear-headed a luncheon for more than 300 people that generated over 11,000 dollars for Red Cross' Tsunami relief fund. He has an engineering degree in Chemical Engineering from IIT, Bombay (India).

Organization Position Status
RRI Energy Inc. Software Architect Current
Careguru Inc Board of Directors Current

Ms. Perez is the Managing Partner of The Medallion Company, LLC, an investment management company. She is also a member of the Board of Directors of Reliant Energy where she chairs the Audit Committee. Ms. Perez recently served as Vice Chairman of the Board of Regents at Baylor University.

Organization Position Status
Medallion Corp Managing Partner Current
RRI Energy Inc. Chairman, Audit Committee Current
Baylor College of Medicine Board of Directors Current
Martin Marietta Materials, Inc. Director Current
Martin Marietta Corporation Board of Directors Current
RRI Energy Inc. Member, Board of Directors Current
RRI Energy Inc. Member, Nominating and Governance Committee Current
Loomis, Sayles & Company, L.P. Vice President Former
The Regents Vice Chairman of the Board Former
Baylor University Vice Chairman of the Board Former

William L. Transier is chairman of the board of directors, chief executive officer and president of Endeavour International Corporation. He was named to his current position in September 2006. He was one of the original co-founders of Endeavour in 2004 and previously served as co-chief executive officer. Prior to forming Endeavour, Transier was executive vice president and chief financial officer for Ocean Energy, Inc. He began his career in public accounting with KPMG LLP, an international audit and business strategy consulting firm, where he rose to the title of partner and headed its energy practice. Transier is a director of Helix Energy Solutions and Cal Dive International and a former board member of Reliant Resources. He previously served as chairman of the Natural Gas Supply Association, director of the Independent Petroleum Association of America, and as state-appointed chairman of the Texas Online Authority and Department of Information Resources.

Organization Position Status
Endeavour International Corp Chief Executive Officer, President and Director Current
Helix Energy Solutions Group, Inc. Chairman of The Board, Chief Executive Officer and President, Endeavour International Corporation Current
Endeavour International Corp Co-Founder, Chairman and Chief Executive Officer Current
Yourhoustonbusiness.Com Current
Helix Energy Solutions Group, Inc. Board of Directors Former
RRI Energy Inc. Chairman, Compensation Committee Current
Cal Dive International, Inc. Board of Directors Current
Remington Oil & Gas Corporation Board of Directors Current
Endeavour Inc. Board of Directors Current
RRI Energy Inc. Member, Audit Committee Current
Endeavour Inc. Co-Chief Executive Officer Former
Ocean Energy, Inc. Chief Financial Officer Former
Devon Energy Corporation Chief Financial Officer Former
Seagull Energy Corporation Chief Financial Officer Former
Seagull Energy Corporation Executive Vice President Former
Devon Energy Corporation Executive Vice President Former
Ocean Energy, Inc. Executive Vice President Former
Seagull Energy Corporation Senior Vice President Former
KPMG International Former
Regis University Masters In Business Administration Former
The University of Texas Bachelor of Business Administration Former
Organization Position Status
CenterPoint Energy, Inc. Chief Executive Officer Current
CenterPoint Energy Houston Electric, LLC President & CEO Current
CenterPoint Energy, Inc. President Current
CenterPoint Energy, Inc. Director (Principal Executive Officer and Director) Current
CenterPoint Energy, Inc. Assistant Secretary Current
RRI Energy Inc. vice chairman Current
Greater Houston Partnership Board Member Current
CenterPoint Energy, Inc. Board of Directors Current
Edison Electric Institute Board Member Current
Central Houston Board Member Current
American Institute of Certified Public Accountants Member Current
Hlp President Former
Hlp Coo Former
Hlp Group Vice President of Finance and Regulatory Relations Former
CenterPoint Energy Houston Electric, LLC Chairman & Manager Former
University of St. Thomas Board of Directors Former
Sanders Morris Harris Group, Inc. Director Former
CenterPoint Energy Houston Electric, LLC Board of Directors Former
The University of Houston MBA Former
The University of Texas Bachelors Degree Former
Organization Position Status
Northwest Airlink Current
Pinnacle Airlines, Inc. Chairman Current
Colgan Air, Inc. Chairman Current
RRI Energy Inc. Board of Directors Current
Continental Airlines, Inc. Chief Executive Officer Former
Continental Airlines, Inc. President Former
Continental Express Inc. Senior Vice President of Operations Former
Continental Airlines, Inc. Senior Vice President, Operations Former
Eastern Airlines Former
Pinnacle Airlines, Inc. Board of Directors Former
Continental Airlines, Inc. Director Former
Organization Position Status
RRI Energy Inc. Director Current
Edison Electric Institute Member Current
Drexel Burnham Lambert Inc. NA Former
Organization Position Status
RRI Energy Inc. Board of Directors Current
Organization Position Status
RRI Energy Inc. Board of Directors Current

Trust manager since 1997. Senior partner of Deloitte & Touche LLP from 1989 to 1993. Since 1993, Mr. Cruikshank has managed his personal investments. Director of CenterPoint Energy, Inc., MAXXAM, Inc., Kaiser Aluminum Corp. and Texas Biotechnology Corp. Age: 72

Organization Position Status
Weingarten Realty Investors Trust Manager Current
Qdinformation Member of the Board Current
RRI Energy Inc. Director Current
Weingarten Realty Investors Board of Directors Current
Weingarten Realty Investors Committee Member Current
Deloitte Touche Tohmatsu Senior partner Former
American Heart Association, Inc. Chairman Former
CenterPoint Energy, Inc. Director Former
Rice University B.A. In Economics Former
Organization Position Status
RRI Energy Inc. Director Current
PG&E National Energy Group Senior Vice President, Commercial Operations Former

Array

Organization Position Status
Shell Oil Company CEO Current
Triangle Education Foundation President Current
Yourhoustonbusiness.Com Current
RRI Energy Inc. Director Current
Triangle Education Foundation Board of Directors Current
Visitors Board of Directors Current
United Way of The Texas Gulf Coast, Inc Director Current
The Points of Light Foundation Director Current
California Inc Board of Directors Current
Greater Houston Community Foundation Board of Directors Current
RRI Energy Inc. Member, Nominating and Governance Committee Current
The Points of Light Foundation Chairman and President, Slm Discovery Ventures, Inc. Former
Shell Oil Company Vice President of Refining and Marketing Former

Executive News

  • Endeavour to Present at Enercom London Oil & Gas Conference

    Forbes.com - 6/09/09 - View Story

  • Endeavour to Present at Enercom London Oil & Gas Conference

    PR Newswire - 6/09/09 - View Story

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     RRI $26.21 +21.14 (416.96% )
Average Volume 7,939,450
Shares Outstanding 350.43M
Market Cap 9.2B
Year High 29.98
Year Low 2.03
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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