Natural gas facility expanding in Houston area, receiving property tax breaks [Yahoo! Finance]
NRG Energy, Inc. (NRG)
Last nrg energy, inc. earnings: 11/7 07:06 am
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Source: Yahoo! Finance
(The Center Square) – Another natural gas facility is expanding in the Houston area and receiving property tax breaks resulting in less money going to public schools. NRG Energy, Inc.'s construction of a new natural gas facility at its existing Cedar Bayou power production complex in Chambers County is doing so while also receiving 10 years of property tax breaks. It's receiving the tax breaks after being designated as a qualified project under the Texas Jobs, Energy, Technology, and Innovation (JETI) program. The program allows a company, school district, and the governor's office to enter into an agreement “for a 10-year school district maintenance and operations (M&O) tax appraised value limitation of 50%, based on qualifying job and capital investment minimums. Projects located in qualified Opportunity Zones are eligible for an additional 25% limitation on taxable value.” Gov. Greg Abbott said the JETI program was critical to the project's expansion. “Offered in partnership
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- NRG Energy (NYSE:NRG) had its "underperform" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
NRG
Earnings
- 11/6/25 - Beat
NRG
Sec Filings
- 11/18/25 - Form 4
- 11/14/25 - Form 144
- 11/6/25 - Form 10-Q
- NRG's page on the SEC website