Risk manager of the year – retail

Risk staff
01 Mar 2004

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The retail power market has been good to Reliant Resources in the past year. Despite difficult market conditions that saw the Texas-based energy company report an overall loss of $902 million for 2003, the group’s retail arm fared rather better.

The retail division – which comprises Reliant Energy Residential Services, Reliant Energy Business Services and Reliant Energy Solutions (RES) – reported earnings before interest and taxes (Ebit) of $621 million, up from $520 million in 2002.

Rel

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