Counting on coal


New Jersey-based NRG Energy is taking a very bullish bet on natural gas prices with its recently agreed purchase of power producer Texas Genco, says Hugh Welton, senior director in the global power group at Fitch Ratings. NRG may well benefit substantially from the deal, mainly due to the high profit margins for coal- and nuclear-fired generation at present, but the purchase is certainly not without risk, he says.

While much of Texas Genco's forward generating capacity is hedged,

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here