Joel Staff
Joel Staff
actions committed inherent management necessary performance realize recent recognizes taking team value
This management team recognizes that our recent performance is unacceptable and we're committed to taking the actions necessary to realize the substantial value inherent in the company's assets.
builders committed customers gladly help supporting
Reliant is committed to supporting our customers and the communities where we do business. That's why when Royce Builders approached us to help this family, we gladly said yes.
billion capacity collateral commercial completing exposure factor fully generating improving include managing market model open plants priorities reduce retail transition wholesale
Our priorities for 2006 will include completing the transition to a fully competitive retail market in Texas, converting to an open model in our wholesale business, improving the commercial capacity factor of our generating plants and managing our collateral exposure to reduce postings by $1 billion by year-end.
added coal complexity concluded cost earnings intended reduce
We concluded that the hedging of our coal plants, which was intended to reduce earnings volatility, actually added complexity and cost to our business.
contingent gas happens natural number products rolling
We have a number of new products rolling out. Some of them are contingent on what happens to natural gas prices.