Reliant Energy and Nissan Join Forces to Expand Electric Vehicle Use in Texas
Companies to focus on making switch to electric vehicles easier
HOUSTON, Nov. 13 - The city of Houston and state of Texas took
a significant step closer to a transportation system that is clean,
affordable and powered by electricity. Reliant Energy, a subsidiary
of NRG Energy, Inc. (NYSE: NRG), and Nissan Motor Co. are working
together to promote broader adoption of electric vehicles.
Reliant and Nissan have reached an agreement to work together
to make Houston a launch city for the broader use of electric
vehicles by the American public, businesses and public
organizations. The companies will advocate for policies that make
it easy for consumers to make the switch from gasoline to
electric-powered vehicles and will work together to establish the
infrastructure of charging stations needed to support a critical
mass of electric vehicles. While initial efforts will focus on the
Houston region, Reliant and Nissan will also address the challenge
of establishing the infrastructure, policies and services to
support electric vehicle owners across Texas.
"This agreement with Nissan is another part of our
comprehensive effort to speed up the adoption of a broad-based
electric-powered transportation ecosystem," said David Crane, Chief
Executive Officer of NRG. "We have much of the needed
infrastructure in place - an excellent road system, a diverse
national portfolio of power generation, and the means to deliver
electricity to homes, offices, businesses and streets across the
nation. Now we need to focus on tying these elements together with
the technology, services and policies needed to power electric
transportation."
"We can now see a clear path to having thousands - even
hundreds of thousands - of zero-emission vehicles on Texas roads in
the next several years," said Jason Few, President of Reliant
Energy. "Reliant has already introduced smart electricity for
homeowners, allowing them to better manage consumption and cost
with tools such as digital meters. By adding a robust charging
network and services dedicated to electric vehicles, we will be
able to offer a viable alternative to fossil-fuel powered
transportation, taking advantage of Texas' leadership in
zero-carbon power generation."
"Together, Nissan, NRG and Reliant Energy share the vision
that electric vehicles offer the best solution to reducing CO2
emissions. The Nissan LEAF is the only all-electric, zero-emission
vehicle that will be available to drivers on a mass-market scale
and at an affordable price," said Nissan President and CEO Carlos
Ghosn.
As part of the agreement, Reliant will develop a plan to
install and operate public charging stations, initially focused in
Houston. In addition, Reliant will work to develop a comprehensive
set of electricity services geared to supporting electric vehicles,
including home charging equipment. Reliant and Nissan will work to
ensure that the infrastructure and services are in place to support
the commercial introduction of the Nissan LEAF in late 2010.
Representatives from Reliant, NRG and Nissan made the
announcement in Los Angeles at the North American unveiling of the
Nissan LEAF, the world's first zero-emission all-electric vehicle
designed to be affordably priced. In 2010, Nissan will introduce a
five-passenger, compact all-electric passenger vehicle for fleet
sales that is capable of achieving 100 miles on a single charge.
Charging of the advanced lithium-ion battery is expected to take
four to eight hours with a 220-volt line and also will be capable
of charging through a standard 120-volt outlet. The vehicle will be
eligible for a $7,500 federal tax credit.
NRG and Reliant Energy
NRG Energy, Inc., a Fortune 500 company, owns and operates one
of the country's largest and most diverse power generation
portfolios. Headquartered in Princeton, NJ, the Company's power
plants provide more than 24,000 megawatts of generation
capacity--enough to supply more than 20 million homes. NRG's retail
business, Reliant Energy, serves more than 1.6 million residential,
business, commercial and industrial customers in Texas. A past
recipient of the energy industry's highest honors--Platts Industry
Leadership and Energy Company of the Year awards, NRG is a member
of the U.S. Climate Action Partnership (USCAP), a group of business
and environmental organizations calling for mandatory legislation
to reduce greenhouse gas emissions. More information is available
at www.nrgenergy.com and www.reliant.com.
Nissan North America
In North America, Nissan's operations include automotive
design, engineering, consumer and corporate financing, sales and
marketing, distribution and manufacturing. Nissan is dedicated to
improving the environment under the Nissan Green Program 2010,
whose key priorities are reducing CO2 emissions, cutting other
emissions and increasing recycling. More information on the Nissan
LEAF and zero-emission mobility can be found at www.nissanusa.com/leaf-electric-car.
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