Texas Energy Corporations make billions, but weatherization was too expensive…..

cross-posted from Afflict the Comfortable

by Bob Buzzanco

Among the many utterly ridiculous claims made by the Texas GOP and “energy” industry, is that they couldn’t have foreseen a “Black Swan” event like the winter storms in Texas (because the 2011 Super Bowl Stormhttps://www.nytimes.com/2011/02/05/us/05storm.html was so long ago) and it would have been too expensive to weatherize the infrastructure–natural gas, coal, oil, because wind, the scapegoat for Texas politicos right now makes up barely 10 percent of the power grid. So below is some data on just how much the major energy companies in Texas raked in. I guess when you’re making $9-12 billion a year, you can’t afford to plan for a rain, or snowy, day. Maybe a GoFundMe page is in order?

NRG Energy Revenue, 2006-2020

NRG Energy annual/quarterly revenue history and growth rate from 2006 to 2020. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income.

  • NRG Energy revenue for the quarter ending September 30, 2020 was $2.809B, a 6.24% decline year-over-year.
  • NRG Energy revenue for the twelve months ending September 30, 2020 was $9.261B, a 3.71% decline year-over-year.
  • NRG Energy annual revenue for 2019 was $9.821B, a 3.62% increase from 2018.
  • NRG Energy annual revenue for 2018 was $9.478B, a 4.45% increase from 2017.
  • NRG Energy annual revenue for 2017 was $9.074B, a 1.78% increase from 2016. ****************************

CenterPoint Energy Revenue, 2006-2020

CenterPoint Energy annual/quarterly revenue history and growth rate from 2006 to 2020. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income.

  • CenterPoint Energy revenue for the quarter ending September 30, 2020 was $1.622B, a 2.17% decline year-over-year.
  • CenterPoint Energy revenue for the twelve months ending September 30, 2020 was $12.120B, a 41.24% increase year-over-year.
  • CenterPoint Energy annual revenue for 2019 was $12.301B, a 16.17% increase from 2018.
  • CenterPoint Energy annual revenue for 2018 was $10.589B, a 10.14% increase from 2017.
  • CenterPoint Energy annual revenue for 2017 was $9.614B, a 27.71% increase from 2016.

Author: Sparki

Scott Parkin is a Senior Campaigner with Rainforest Action Network and organizes with Rising Tide North America. He has worked on a variety of campaigns around climate change, the wars in Iraq and Afghanistan, mountaintop removal, labor issues and anti-corporate globalization. Originally from Texas, he now lives in San Francisco.

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