In Texas, the Biggest Electricity Market in the U.S., Wind Threatens Independent Power Producers

This is something the CEO of one of America's largest independent power producers, or IPPs, said on a results call on Tuesday morning:I believe the IPP model is now obsolete and unable to create value over the long term.To understand why the CEO of NRG Energy Inc. wasn't exactly cheerleading for the IPP business, it pays to look at one of the markets where NRG operates -- which also happens to be the biggest electricity market in the U.S.: Texas.In one respect, Texas looks like a haven for America's power providers:  Continue reading...