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David Crane, NRG CEO and president, on the future of the solar industry and the company’s new investors.
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Can the industry that everyone loves to hate the solar sector but with growing interest from investors.
Like Oracle of Omaha himself Warren Buffett -- -- sector and -- utility sector overall.
May be placed for a comeback David Crane energy energy CEO and president joins me now fresh from right and about this morning at the New York Stock Exchange welcome -- I think you made a major acquisition.
Goldman Sachs up putting you on their other stocks to watch list saying that they've got -- that your head of the thirty dollars a share a lot of buzz right now.
But they're still kind of this veil of Solyndra.
Over the solar sector -- piece of your business.
How concerned -- right.
-- cylinder it's almost totally irrelevant to our business first -- I mean.
-- -- this -- on acquisition which we just commemorate today.
We -- 46000.
Megawatts of conventional generation United States and that's the core of our profitability.
We're very excited about solar but you know -- a thousand megawatts of plans.
Under construction operation but.
The future for sellers on limited him and that's going to be a big part of our future.
What you get your fossil fuel your nuclear your wind or solar so you've got kind of a piece of -- everything -- -- when it comes to the solar issue.
Are you concerned about US tariffs.
Against China but what we're seeing now the Chinese which -- really cheap and the solar panel market.
Now their own government Beijing is saying that they're gonna do -- what market pressure to get some of their solar companies.
To kick to combined.
To merge in that seems like a market.
Negative does that help or hurt the well -- -- -- market.
What we do you mentioned up front that -- headed to school year question that's because Wall Street looks as solar solar manufacturing and the prices soar past has gone -- gone down 80% in the last eighteen months which.
Whether it's caused by Chinese dumping or not I can't really be in a position say all I can give physicians say is we benefit from that.
And people who want to make electricity with solar power benefit and so we don't manufacture so are we use solar panels to make electricity and it's a great time to be at that -- -- -- business.
What I Warren Buffett obviously one of his company's just taking a piece of up of -- your projects via the outlook alien to project in Arizona and mrs.
and an American radio vols.
Is this where you think you're gonna go with this particular piece the business these partnerships if -- well with.
The likes of warm -- Well look at any time you can partner with Warren Buffett ought to transactions -- the -- opposed to him on a transaction so.
So now I mean we like to think we were in the solar business before.
Mid American and Warren Buffett but the fact that they're coming -- I think certainly shows.
That it that it is you know part of the future and so we would love to partner with -- American on other projects are.
Other people that wanna participate with us -- it is a capital intensive industries solar power because all the costs is upfront.
Once you have the solar -- there you've got basically zero marginal cost electricity for the next twenty years.
No one of the things that you've been doing and I think if that figure working with a lot of big NFL teams on their stadiums and tell me do you think that whether it's the jets the giants are -- -- -- the Redskins all of them.
Working with you two to.
Make their stadiums -- environmentally friendly and obviously cost control.
In -- -- the you know the whites of their music which is a lot of air football team do you think that that's actually gonna help.
I guess kinda changed the story line at the headline if you -- on solar.
Customer awareness consumer awareness in this country who we've gotten electricity in the same way from the system for so many years now -- allows people self generate the fact that the key NFL teams.
Are doing it and like I say their lights and other business leaders like the NFL owners.
-- is not always source electricity its branding -- sending a message to your own customer base or fan base.
Then today that your embracing sustainable energy so I think what NFL teams are doing with us is a fantastic thing for us and for -- Well your stock is up over the last year 35%.
So Goldman Sachs again -- stock to watch.
We're gonna be watching would love to have you back as well David any -- you thanks for have -- the biggest power companies in this nation.
And Ben Affleck Argo tells the story -- gave -- US diplomats during the 979 Iran hostage crisis.
New reports out of Iran now say authorities there want to put out their own version of Argo.
What the diplomats were actually voluntarily released the film will be titled the general staff.
So we based on eyewitness accounts.
What a Laffer.
I'll take them to commit -- no actually it's chance of that -- -- it was gonna run away with the Oscars I think it -- might come up as best picture they guard our Elizabeth at.
