Business and Finance Business and Finance
Thu, January 27, 2011
Wed, January 26, 2011

NRG Energy, Inc. Announces Redemption of Its Outstanding 7.250% Senior Notes Due 2014


Published on 2011-01-26 14:40:49 - Market Wire
  Print publication without navigation


PRINCETON, N.J.--([ BUSINESS WIRE ])--NRG Energy, Inc. (NYSE: NRG), today announced that it had given the required notice under the governing indenture to redeem for cash all of its remaining 7.250% senior notes due 2014 (the 2014 notes) on February 25, 2011 (the Redemption Date). The redemption price for the 2014 notes will be 101.813% of the principal amount of the notes, plus accrued and unpaid interest to the Redemption Date.

This press release is for informational purposes only and is not an offer to buy, the solicitation of an offer to sell or a solicitation of consents with respect to, any of the 2014 notes.

NRG Energy, Inc. is a Fortune 500 and S&P 500 Index company that owns and operates one of the countrya™s largest and most diverse power generation portfolios. Headquartered in Princeton, NJ, the Companya™s power plants provide25,000 megawatts of generation capacitya"enough to supply approximately 20 million homes. NRGa™s retail businesses, Reliant Energy and Green Mountain Energy Company, combined serve more than 1.8 million residential, business, commercial and industrial customers. With investments in solar, wind and nuclear power, as well as electric vehicle infrastructure, NRG is working to help America transition to a clean energy economy. More information is available at [ www.nrgenergy.com ].

Forward-Looking Statements

This communication contains forward-looking statements that may state NRGa™s or its managementa™s intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as awill,a aexpect,a aestimate,a aanticipate,a aforecast,a aplan,a abelievea and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally. The foregoing review of factors that could cause NRGa™s actual results to differ materially from those contemplated in the forward-looking statements included herein should be considered in connection with information regarding risks and uncertainties that may affect NRGa™s future results included in NRGa™s filings with the SEC at [ www.sec.gov ].

Contributing Sources