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NRG Energy has announced its plan to move the company's corporate headquarters to Houston from New Jersey, Click 2 Houston reports.
Currently, the company's headquarters are split between Houston and Princeton, but the full move of the headquarters to only Houston will help to simplify the organization, Click 2 Houston reports.
"[I'm] proud to welcome @nrgenergy's headquarters to the Lone Star State," Gov. Greg Abbott wrote in a tweet.
In another statement issued by Gov. Abbott, he said NRG Energy's moving its headquarters to Texas is a perfect fit as Texas is the energy capital of the world.
“We are proud to welcome NRG Energy’s corporate headquarters to Houston as they expand their already strong presence in the Lone Star State. With this move, NRG joins 50 other Fortune 500 companies headquartered in Texas, including 22 in the Houston area alone. America’s leading businesses continue to invest in Texas — and grow jobs in Texas — because of our welcoming business climate, low taxes, reasonable regulations, and our young, growing, and skilled workforce. I thank NRG Energy for designating Texas — the energy capital of the world — as their corporate headquarters, and I look forward to our continued partnership as we ensure a more prosperous future for all who call the Lone Star State home,” Gov. Abbott said in his release.
Houston Mayor Sylvester Turner shared Abbott's enthusiasm of NRG Energy's move to Houston.
“I welcome today’s announcement by NRG designating Houston as the company’s sole corporate headquarters. Over the past several years, my team and I have had substantive conversations with president and CEO Mauricio Gutierrez. I believe the decision is confirmation that Houston is a smart city for business. Just over one year ago, the city committed to purchasing 100% renewable energy through a renewed partnership with NRG Energy as the city’s retail electric provider. The plan is helping us build a more sustainable future, save over $9 million on our electric bill, and reduce emissions," Turner said according to KHOU. "The corporate decision provides stability for the company’s 3,000 employees currently living in Houston. It means that NRG has committed to being a Texas-based company that will continue to expand. I look forward to strengthening our partnership and continuing to have meaningful discussions about our shared goals and vision for Houston’s future.”
NRG Energy also announced the appointment of Alberto Fornaro as executive vice president and chief financial officer beginning Tuesday, June 1.
A Yahoo!Finance article said that Fornaro has more than 30 years of experience and will be responsible for the company's entire finance organization including controllership, financial planning, analysis, tax and audits, treasury and investor relations.
According to KHOU, NRG Energy is the parent company of Houston's Reliant Energy and has approximately 5,000 employees as of 2019, and will bring more jobs to the city.