Green Mountain Energy is a United States company that offers clean electricity products, and carbon offsets to residential and commercial customers.
History
Green Mountain Energy Company began in Vermont in August 1997 as an offshoot of Green Mountain Power to take advantage of electricity deregulation around the country. The company moved headquarters to its current location in Austin, Texas in September 2000. Competitors of Green Mountain include Reliant Energy, Texas Power, TXU, Gexa Energy, and Direct Energy. It was reported in September, 2010 that the sale of Green Mountain Energy to NRG was pending regulatory approval.
Company Structure
In Texas, Green Mountain directly serves residential electricity customers who live in a deregulated utility service territory. The company upholds that it is the only retail electric provider in Texas dedicated to cleaner electricity.
Green Mountain also partners with utilities in regulated markets in the U.S., such as Portland General Electric (PGE) in Oregon, to offer renewable energy products to their customers. Additionally, Green Mountain participates in multi-supplier utility partnering programs in New York and New Jersey.
Beyond their residential service, Green Mountain has a commercial and industrial division devoted to providing clean electricity to businesses and organizations. This sector began in December 2002, and offers corporations the opportunity to decrease their CO2 emissions by purchasing renewable energy.
BeGreen is a division of Green Mountain that offers carbon offset products to individuals and businesses nationwide. The BeGreen website includes an online calculator to help individuals determine their carbon footprint and offers carbon offsets to neutralize it.
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