RRI Energy Reports First Quarter 2009 Results

* Board of Directors successfully concludes formal review of strategic
alternatives, resulting in sale of retail business
* Following completion of the sale of retail business, company name changed to
RRI Energy, Inc.
* Generation assets performing at top quartile operating levels despite
reduction in commodity prices
* Current pro forma liquidity of $2.1 billion with $1.6 billion of cash

HOUSTON--(Business Wire)--
RRI Energy, Inc. today is reporting open EBITDA of $5 million for the first
quarter of 2009, compared to $120 million for the same period of 2008. Adjusted
EBITDA was $19 million for the first quarter of 2009, compared to $157 million
for the first quarter of 2008. Free cash flow provided by continuing operations
was $46 million for the first three months of 2009, compared to $151 million for
the same period in 2008. The declines were primarily due to lower unit margins
by generating stations resulting from lower commodity prices. These results
exclude the performance of the Texas retail business, which was sold on May 1,
2009 and is included in discontinued operations.

"The strategic alternatives process, which has concluded, resulted in the sale
of the retail business," said Mark Jacobs, president and chief executive officer
of RRI Energy. "Completed on May 1, the sale was pivotal in creating the company
we are today - a well-capitalized merchant generator, positioned to deliver
value to our shareholders."

"Going forward, RRI Energy is focused on managing the risks associated with the
current market economy and addressing long term industry challenges," said
Jacobs.

The loss from continuing operations before income taxes for the first quarter of
2009 was $140 million, compared to income of $24 million for the first quarter
of 2008. The 2009 reported results include net unrealized losses from energy
derivatives of $44 million. The reported numbers for the first quarter of 2008
include net unrealized gains from energy derivatives of $30 million and a $34
million charge for western states litigation and similar settlements. Operating
cash flow from continuing operations was $199 million for the first quarter of
2009, compared to $207 million for the same period of 2008. These results
exclude the performance of the Texas retail business which was sold on May 1,
2009 and is included in discontinued operations.

Outlook

RRI Energy`s outlook is based on forward commodity prices as of March 27, 2009.
The outlook for open EBITDA is $313 million and $435 million for the years
ending December 31, 2009 and 2010, respectively. The outlook for adjusted
EBITDA, which includes the impact of wholesale hedges and gains on sales of
assets and emission and exchange allowances, net is $223 million and $432
million for the same periods. The outlook for free cash flow provided by (used
in) continuing operations is ($182) million and $170 million for the years
ending December 31, 2009 and 2010, respectively.

Open EBITDA Reconciliation1

($ millions) 2008A 2009E 2010E
Income (loss) from continuing operations before income taxes $ 26 ($235 ) ($63 )
Unrealized (gains) losses on energy derivatives 9 (15 ) 23
Western states litigation and similar settlements 37 --- ---
Wholesale energy goodwill impairment 305 --- ---
Debt extinguishments 1 --- ---
Depreciation and amortization 313 292 292
Interest expense, net 180 181 180
Adjusted EBITDA $ 871 $ 223 $ 432
Wholesale hedges (239 ) 109 3
Gains on sales of assets and emission and exchange allowances, net (93 ) (19 ) ---
Open EBITDA $ 539 $ 313 $ 435
1. Excludes retail energy segment.

Free Cash Flow from Continuing Operations Reconciliation1

($ millions) 2008A 2009E 2010E
Operating cash flow from continuing operations $ 424 $ 136 $ 311
Western states litigation and similar settlements payments 34 65 ---
Change in margin deposits, net 93 (169 ) (28 )
Adjusted cash flow provided by continuing operations $ 551 $ 32 $ 283
Maintenance capital expenditures (56 ) (45 ) (63 )
Environmental capital expenditures and capitalized interest2 (223 ) (156 ) (29 )
Emission and exchange allowances activity, net (19 ) (13 ) (21 )
Free cash flow provided by (used in) continuing operations $ 253 ($182 ) $ 170
1. Excludes retail energy segment.
2. Estimate represents the low end of the range.

Non-GAAP Financial Measures

This press release and the attached financial tables include the following
non-GAAP financial measures:

* Open energy gross margin
* Open wholesale gross margin
* Open wholesale contribution margin
* EBITDA
* Adjusted EBITDA
* Open EBITDA
* Adjusted cash flow provided by continuing operations
* Free cash flow provided by (used in) continuing operations
* Gross debt
* Net debt

A reconciliation of these financial measures and the most directly comparable
GAAP measures is included above or in the attached financial tables. Additional
information regarding these measures, including a discussion of their usefulness
and purpose, is included in the Form 8-K furnished along with this press
release. Certain factors that could affect GAAP financial measures are not
accessible on a forward-looking basis, but could be material to future reported
earnings and cash flows.

Webcast Of Earnings Conference Call

RRI Energy will host its first quarter 2009 earnings conference call beginning
at 7:30 a.m. Central Time on Monday, May 11, 2009. The conference call will be
webcast live with audio and slides at www.rrienergy.com in the investors
section. A replay of the call can be accessed approximately two hours after the
call`s completion .

About RRI Energy, Inc.

RRI Energy, Inc. (NYSE:RRI) based in Houston, provides electricity to wholesale
customers in the United States. The company is one of the largest independent
power producers in the nation with more than 14,000 megawatts of power
generation capacity across the United States. These strategically located
generating assets use natural gas, fuel oil and coal. RRI will routinely post
all important information on its Web site at www.rrienergy.com.

This news release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements are
statements that contain projections, estimates or assumptions about the outcome
of pending legal actions, our revenues, margins, capital structure and other
financial items, and our plans and objectives for future operations or about our
future economic performance, transactions, dispositions, financings or
offerings. In many cases you can identify forward-looking statements by
terminology such as "anticipate," "estimate," "believe," "continue," "could,"
"intend," "may," "plan," "potential," "predict," "should," "will," "expect,"
"objective," "projection," "forecast," "goal," "guidance," "outlook," "effort,"
"target" and other similar words. However, the absence of these words does not
mean that the statements are not forward-looking.

Actual results may differ materially from those expressed or implied by
forward-looking statements as a result of many factors or events, including, but
not limited to, legislative, regulatory and/or market developments, the outcome
of pending lawsuits, governmental proceedings and investigations, the effects of
competition, financial market conditions, access to capital, the timing and
extent of changes in commodity prices and interest rates, weather conditions and
other factors we discuss or refer to in the "Risk Factors" section of our most
recent Annual Report on Form 10-K filed with the Securities and Exchange
Commission.

Each forward-looking statement speaks only as of the date of the particular
statement and we undertake no obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise.

RRI Energy, Inc. and Subsidiaries
Consolidated Statements of Operations
(Unaudited)

Three Months Ended March 31,
2009 2008

(thousands of dollars, except per share amounts)
Revenues:
Revenues (including $4,288 and $12,202 unrealized losses) (including $0 $ 466,184 $ 879,798
and $107,409 from affiliates)
Expenses:
Cost of sales (including $(39,455) and $43,002 unrealized gains 324,674 508,839
(losses)) (including $0 and $35,713 from affiliates)
Operation and maintenance 157,146 155,445
General and administrative 29,014 29,214
Western states litigation and similar settlements - 34,000
Gains on sales of assets and emission and exchange allowances, net (18,930 ) (611 )
Depreciation and amortization 67,858 82,797
Total operating expense 559,762 809,684
Operating Income (Loss) (93,578 ) 70,114
Other Income (Expense):
Income of equity investment, net 541 207
Debt extinguishments - (423 )
Other, net 51 (64 )
Interest expense (46,919 ) (52,346 )
Interest income 248 6,425
Total other expense (46,079 ) (46,201 )

Income (Loss) from Continuing Operations Before Income Taxes (139,657 ) 23,913
Income tax expense (benefit) (33,876 ) 10,977

Income (Loss) from Continuing Operations (105,781 ) 12,936
Income (loss) from discontinued operations (45,632 ) 364,276
Net Income (Loss) $ (151,413 ) $ 377,212

Basic Earnings (Loss) Per Share:
Income (loss) from continuing operations $ (0.30 ) $ 0.04
Income (loss) from discontinued operations (0.13 ) 1.05
Net income (loss) $ (0.43 ) $ 1.09

Diluted Earnings (Loss) Per Share:
Income (loss) from continuing operations $ (0.30 ) $ 0.04
Income (loss) from discontinued operations (0.13 ) 1.03
Net income (loss) $ (0.43 ) $ 1.07

Weighted Average Common Shares Outstanding (in thousands):
- Basic 350,487 345,419
- Diluted 350,487 354,103

Reference is made to RRI Energy, Inc.'s Annual Report
on Form 10-K for the year ended December 31, 2008.

RRI Energy, Inc. and Subsidiaries
Results of Operations by Segment - Adjusted and Open
(Unaudited)

Three Months Ended March 31,
2009 2008 Change
(millions of dollars)
Wholesale Energy:
Revenues $ 465 $ 879 $ (414 )
Cost of sales 324 509 (185 )
Wholesale hedges 4 (36 ) 40
Unrealized (gains) losses on energy derivatives 44 (30 ) 74
Open wholesale gross margin 189 304 (115 )

Operation and maintenance 156 152 4
Other - 1 (1 )
Open wholesale contribution margin 33 151 (118 )

Wholesale hedges (4 ) 36 (40 )
Unrealized gains (losses) on energy derivatives (44 ) 30 (74 )
Contribution margin, including wholesale hedges and unrealized gains/losses on energy derivatives (1) (15 ) 217 (232 )

Other Operations:
Revenues $ 2 $ 2 $ -
Cost of sales - - -
Operation and maintenance - 1 (1 )
Other operations contribution margin (1) 2 1 1

Eliminations:
Revenues $ (1 ) $ (1 ) $ -
Cost of sales - - -
Operation and maintenance - - -
Total (1 ) (1 ) -

Consolidated:
Open wholesale contribution margin $ 33 $ 151 $ (118 )
Other operations contribution margin 2 1 1
Eliminations (1 ) (1 ) -
Total 34 151 (117 )

Operation and maintenance (1 ) (2) (3 ) (2) 2
General and administrative (29 ) (28 ) (1 )
Income of equity investment, net 1 - 1
Other, net - - -
Open EBITDA 5 120 (115 )

Wholesale hedges (4 ) 36 (40 )
Gains on sales of assets and emission and exchange allowances, net 18 1 17
Adjusted EBITDA 19 157 (138 )

Unrealized gains (losses) on energy derivatives (44 ) 30 (74 )
Western states litigation and similar settlements - (34 ) 34
EBITDA (25 ) 153 (178 )

Depreciation and amortization (68 ) (83 ) 15
Interest expense (47 ) (52 ) 5
Interest income - 6 (6 )
Income (loss) from continuing operations before income taxes $ (140 ) $ 24 $ (164 )

(1) Segment profit and loss measure.
(2) Relates primarily to general costs, which historically were allocated to our discontinued retail energy segment.

Reference is made to RRI Energy, Inc.'s Annual Report
on Form 10-K for the year ended December 31, 2008.

RRI Energy, Inc. and Subsidiaries
Consolidated Balance Sheets
(Unaudited)

March 31, 2009 December 31, 2008
ASSETS (thousands of dollars)
Current Assets:
Cash and cash equivalents $ 1,410,315 $ 1,004,367
Restricted cash 6,522 2,721
Accounts and notes receivable, principally customer 171,906 279,540
Inventory 295,375 314,999
Derivative assets 178,746 161,340
Margin deposits 125,893 231,676
Investment in and receivables from Channelview, net 58,636 58,703
Prepayments and other current assets 119,525 124,449
Current assets of discontinued operations 2,426,117 2,184,671
Total current assets 4,793,035 4,362,466
Property, plant and equipment, gross 6,468,178 6,417,268
Accumulated depreciation (1,656,356 ) (1,597,479 )
Property, Plant and Equipment, net 4,811,822 4,819,789

Other Assets:
Other intangibles, net 377,121 380,554
Prepaid lease 279,651 273,374
Other ($28,188 and $29,012 accounted for at fair value) 303,339 298,431
Long-term assets of discontinued operations 658,892 494,781
Total other assets 1,619,003 1,447,140
Total Assets $ 11,223,860 $ 10,629,395

LIABILITIES AND EQUITY

Current Liabilities:
Current portion of long-term debt and short-term borrowings $ 12,869 $ 12,517
Accounts payable, principally trade 154,513 156,604
Derivative liabilities 254,087 202,206
Other 227,804 200,559
Current liabilities of discontinued operations 3,088,758 2,374,362
Total current liabilities 3,738,031 2,946,248

Other Liabilities:
Derivative liabilities 127,871 140,493
Other 320,755 272,079
Long-term liabilities of discontinued operations 759,357 850,483
Total other liabilities 1,207,983 1,263,055

Long-term Debt 2,630,031 2,633,444
Commitments and Contingencies
Temporary Equity Stock-based Compensation 9,769 9,004
Stockholders' Equity:

Preferred stock; par value $0.001 per share (125,000,000 shares authorized; - -
none outstanding)
Common stock; par value $0.001 per share (2,000,000,000 shares authorized; 111 111
350,359,291 and 349,812,537 issued)
Additional paid-in capital 6,243,969 6,238,639
Accumulated deficit (2,526,614 ) (2,375,201 )
Accumulated other comprehensive loss (79,420 ) (85,905 )
Total stockholders' equity 3,638,046 3,777,644
Total Liabilities and Equity $ 11,223,860 $ 10,629,395

RRI Energy, Inc. and Subsidiaries
Consolidated Statements of Cash Flows
(Unaudited)

Three Months Ended March 31,
2009 2008
(thousands of dollars)
Cash Flows from Operating Activities:
Net income (loss) $ (151,413 ) $ 377,212
(Income) loss from discontinued operations 45,632 (364,276 )
Net income (loss) from continuing operations (105,781 ) 12,936
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating
Activities:
Depreciation and amortization 67,858 82,797
Deferred income taxes (33,771 ) 9,319
Net changes in energy derivatives 43,743 (30,800 )
Amortization of deferred financing costs 1,737 2,554
Gains on sales of assets and emission and exchange allowances, net (18,930 ) (611 )
Western states litigation and similar settlements - 34,000
Other, net 3,063 533
Changes in other assets and liabilities:
Accounts and notes receivable, net 86,831 (6,925 )
Change in notes, receivables and payables with affiliates, net 67 (6,152 )
Inventory 21,219 27,262
Margin deposits, net 105,783 9,141
Net derivative assets and liabilities (10,298 ) (7,045 )
Accounts payable 2,287 30,410
Other current assets (5,102 ) (2,036 )
Other assets (4,221 ) (2,812 )
Taxes payable/receivable (2,689 ) 24,001
Other current liabilities 40,076 27,893
Other liabilities 7,204 2,037
Net cash provided by continuing operations from operating activities 199,076 206,502
Net cash provided by discontinued operations from operating activities 289,161 97,552
Net cash provided by operating activities 488,237 304,054
Cash Flows from Investing Activities:
Capital expenditures (55,472 ) (44,689 )
Proceeds from sales of emission and exchange allowances 12,798 1,717
Purchases of emission allowances (5,358 ) (4,073 )
Restricted cash (3,801 ) (1,687 )
Net cash used in continuing operations from investing activities (51,833 ) (48,732 )
Net cash used in discontinued operations from investing activities (15,728 ) (4,955 )
Net cash used in investing activities (67,561 ) (53,687 )
Cash Flows from Financing Activities:
Payments of long-term debt - (45,193 )
Payments of debt extinguishments - (423 )
Proceeds from issuances of stock 2,163 5,067
Net cash provided by (used in) financing activities 2,163 (40,549 )
Net Change in Cash and Cash Equivalents, Total Operations 422,839 209,818
Net Change in Cash and Cash Equivalents, Discontinued Operations (16,891 ) 4,621
Cash and Cash Equivalents at Beginning of Period, Continuing Operations 1,004,367 524,070
Cash and Cash Equivalents at End of Period, Continuing Operations $ 1,410,315 $ 738,509

Free Cash Flow Reconciliation
(Unaudited)

Three Months Ended March 31,
2009 2008
(millions of dollars)

Operating cash flow from continuing operations $ 199 $ 207
Change in margin deposits, net (106 ) (9 )
Adjusted cash flow provided by continuing operations 93 198
Capital expenditures (55 ) (45 )
Proceeds from sales of emission and exchange allowances 13 2
Purchases of emission allowances (5 ) (4 )
Free cash flow provided by continuing operations $ 46 $ 151

Reference is made to RRI Energy, Inc.'s Annual Report
on Form 10-K for the year ended December 31, 2008.

RRI Energy, Inc. and Subsidiaries
Wholesale Energy Data
(Unaudited)

Three Months Ended March 31,
2009 2008
GWh % Economic (1) GWh % Economic (1)
Economic Generation (2) (3):
PJM Coal 5,060.0 71 % 5,963.9 82 %
MISO Coal 1,175.8 43 % 2,048.4 74 %
PJM/MISO Gas 164.0 2 % 60.8 1 %
West 148.8 3 % 238.4 3 %
Other - 0 % - 0 %
Total 6,548.6 26 % 8,311.5 34 %

Commercial Capacity Factor (4):
PJM Coal 81.5 % 84.9 %
MISO Coal 81.9 % 75.3 %
PJM/MISO Gas 95.4 % 93.9 %
West 86.2 % 76.3 %
Other 0.0 % 0.0 %
Total 82.0 % 82.3 %

Generation (3): GWh GWh
PJM Coal 4,123.1 5,062.9
MISO Coal 962.7 1,542.3
PJM/MISO Gas 156.4 57.1
West 128.2 181.8
Other - -
Total 5,370.4 6,844.1

Open Energy Unit Margin ($/MWh) (5):
PJM Coal $ 19.65 $ 35.55
MISO Coal 11.43 29.83
PJM/MISO Gas 6.39 87.57
West 7.80 NM (6 )
Other - -
Weighted average total $ 17.50 $ 33.02

Three Months Ended March 31,
2009 2008 Change
Open energy gross margin (7): (in millions)

PJM Coal $ 81 $ 180 $ (99 )
MISO Coal 11 46 (35 )
PJM/MISO Gas 1 5 (4 )
West 1 (5 ) 6
Other - - -
Total 94 226 (132 )

Other margin (8):
PJM Coal 34 18 16
MISO Coal 2 2 -
PJM/MISO Gas 38 27 11
West 7 22 (15 )
Other 14 9 5
Total 95 78 17

Open wholesale gross margin 189 304 (115 )

Operation and maintenance (156 ) (152 ) (4 )
Other - (1 ) 1

Open wholesale contribution margin 33 151 (118 )

Wholesale hedges
Power (10 ) (18 ) 8
Fuel (29 ) 36 (65 )
Tolling/Other 35 18 17
Total wholesale hedges (4 ) 36 (40 )

Unrealized gains (losses) on energy derivatives (44 ) 30 (74 )

Total wholesale energy contribution margin, including wholesale hedges and unrealized gains/losses on energy derivatives (9) $ (15 ) $ 217 $ (232 )

(1) Represents economic generation (hours) divided by maximum generation hours (maximum plant capacity multiplied by 8,760 hours).
(2) Estimated generation at 100% plant availability based on an hourly analysis of when it is economical to generate based on the price of power, fuel, emission allowances and variable operating costs.
(3) Excludes generation related to power purchase agreements, including tolling agreements.
(4) Generation divided by economic generation.
(5) Represents open energy gross margin divided by generation.
(6) NM is not meaningful.
(7) Open energy gross margin is calculated using the power sales prices received by the plants less delivered spot fuel prices. This figure excludes the effects of other margin, our wholesale hedges and unrealized
gains/losses on energy derivatives.
(8) Other margin represents power purchase agreements, capacity payments, ancillary services revenues and selective commercial hedge strategies.
(9) Wholesale energy segment profit and loss measure.

Reference is made to RRI Energy, Inc.'s Annual Report
on Form 10-K for the year ended December 31, 2008.

RRI Energy, Inc. and Subsidiaries
PJM Coal and MISO Coal
(Unaudited)

Capacity Heat Rate Q1 economic generation (GWh) Q1 commercial capacity factor Q1 generation (GWh)
Unit Name (1) (MW) (MMBtu/MWh) 2009 2008 2009 2008 2009 2008

Cheswick 580 10.0 847.1 841.0 89.9 % 90.7 % 761.6 762.7
Conemaugh (2) 280 9.4 567.0 599.7 96.7 % 93.8 % 548.4 562.8
Elrama 460 11.3 92.6 698.1 84.1 % 82.3 % 77.9 574.8
Keystone (2) 282 9.5 591.4 609.2 84.4 % 96.9 % 499.2 590.6
Portland 401 9.8 753.5 717.2 78.8 % 88.0 % 594.0 631.0
Seward 521 9.6 1,046.8 1,084.8 55.5 % 67.2 % 581.1 728.8
Shawville (2) 597 10.3 800.3 1,053.2 91.1 % 83.2 % 729.2 876.3
Titus 243 10.8 361.3 360.7 91.8 % 93.1 % 331.7 335.9
PJM Coal Total 3,364 5,060.0 5,963.9 81.5 % 84.9 % 4,123.1 5,062.9

Capacity Heat Rate Q1 economic generation (GWh) Q1 commercial capacity factor Q1 generation (GWh)
Unit Name (1) (MW) (MMBtu/MWh) 2009 2008 2009 2008 2009 2008

Avon Lake 721 9.3 885.4 1,162.7 83.8 % 66.7 % 742.1 775.4
New Castle 328 10.6 148.2 495.5 86.3 % 89.5 % 127.9 443.7
Niles 216 10.5 142.2 390.2 65.2 % 82.8 % 92.7 323.2
MISO Coal Total 1,265 1,175.8 2,048.4 81.9 % 75.3 % 962.7 1,542.3

(1) Unless otherwise indicated, the Company owns a 100% interest in each facility listed.
(2) The Company leases a 100% interest in the Shawville facility, a 16.67% interest in the Keystone facility and a 16.45% interest in the Conemaugh facility under facility interest lease agreements, which expire in 2026,
2034 and 2034, respectively.

Reference is made to RRI Energy, Inc.'s Annual Report
on Form 10-K for the year ended December 31, 2008.

RRI Energy, Inc. and Subsidiaries
PJM/MISO Gas
(Unaudited)

Capacity Heat Rate Q1 economic generation (GWh) Q1 commercial capacity factor Q1 generation (GWh)
Unit Name (1) (MW) (MMBtu/MWh) 2009 2008 2009 2008 2009 2008

Aurora (2) 878 10.5 1.4 4.0 100.0 % 100.0 % 1.4 4.0
Blossburg 19 14.6 0.1 6.6 100.0 % 90.9 % 0.1 6.0
Brunot Island 289 10.4 - - 0.0 % 0.0 % - -
Gilbert 536 11.0 7.9 4.2 100.0 % 100.0 % 7.9 4.2
Glen Gardner 160 14.6 - 0.3 0.0 % 100.0 % - 0.3
Hamilton 20 14.8 0.1 0.2 100.0 % 100.0 % 0.1 0.2
Hunterstown 60 14.8 0.3 0.4 100.0 % 100.0 % 0.3 0.4
Hunterstown CCGT 810 7.0 148.1 7.7 95.5 % 100.0 % 141.4 7.7
Mountain 40 14.3 1.5 2.2 100.0 % 100.0 % 1.5 2.2
Orrtanna 20 14.4 - 0.3 0.0 % 100.0 % - 0.3
Portland 169 11.2 1.9 5.4 100.0 % 100.0 % 1.9 5.4
Sayreville 224 13.8 1.4 25.6 85.7 % 88.3 % 1.2 22.6
Shawnee 20 14.0 - - 0.0 % 0.0 % - -
Shawville 5-7 (3) 6 10.2 - - 0.0 % 0.0 % - -
Titus 31 17.4 - - 0.0 % 0.0 % - -
Tolna 40 14.2 0.2 0.4 100.0 % 100.0 % 0.2 0.4
Warren 68 12.8 - - 0.0 % 0.0 % - -
Werner 212 13.8 1.1 3.5 36.4 % 97.1 % 0.4 3.4
Shelby 356 9.8 - - 0.0 % 0.0 % - -
PJM/MISO Gas Total 3,958 164.0 60.8 95.4 % 93.9 % 156.4 57.1

(1) Unless otherwise indicated, the Company owns a 100% interest in each facility listed.
(2) Excludes generation during periods the unit operated under power purchase agreements.
(3) The Company leases a 100% interest in the Shawville facility under a facility interest lease agreement, which expires in 2026.

Reference is made to RRI Energy, Inc.'s Annual Report
on Form 10-K for the year ended December 31, 2008.

RRI Energy, Inc. and Subsidiaries
West and Other
(Unaudited)

Capacity Heat Rate Q1 economic generation (GWh) Q1 commercial capacity factor Q1 generation (GWh)
Unit Name (1) (MW) (MMBtu/MWh) 2009 2008 2009 2008 2009 2008

Bighorn (2) 598 7.2 - - 0.0 % 0.0 % - -
Coolwater 622 10.1 21.3 94.1 3.3 % 80.2 % 0.7 75.5
Ellwood (3) 54 13.3 - - 0.0 % 0.0 % - -
Etiwanda (3) 640 10.0 - - 0.0 % 0.0 % - -
Mandalay (3) 560 10.9 67.2 60.6 100.0 % 100.0 % 67.2 60.6
Ormond Beach 1,516 9.6 60.3 83.7 100.0 % 54.6 % 60.3 45.7
West Total 3,990 148.8 238.4 86.2 % 76.3 % 128.2 181.8

Capacity Heat Rate Q1 economic generation (GWh) Q1 commercial capacity factor Q1 generation (GWh)
Unit Name (1) (MW) (MMBtu/MWh) 2009 2008 2009 2008 2009 2008

Choctaw 800 7.0 - - 0.0 % 0.0 % - -
Indian River (3) 587 10.5 - - 0.0 % 0.0 % - -
Osceola (3) 470 11.0 - - 0.0 % 0.0 % - -
Other Total 1,857 - - 0.0 % 0.0 % - -

(1) Unless otherwise indicated, the Company owns a 100% interest in each facility listed.
(2) The Bighorn facility was sold October 20, 2008.
(3) Excludes generation during periods the unit operated under power purchase agreements.

Reference is made to RRI Energy, Inc.'s Annual Report
on Form 10-K for the year ended December 31, 2008.

RRI Energy, Inc. and Subsidiaries
Capital Expenditures Forecast
(Unaudited)

2009E 2010E
(in millions)
Maintenance capital expenditures:
Wholesale energy $ 37 $ 53
Other operations 8 10
45 63
Environmental (1) 126 29
Capitalized interest 30 -
Total capital expenditures $ 201 $ 92

(1) Estimate represents the low end of the range.

Reference is made to RRI Energy, Inc.'s Annual Report
on Form 10-K for the year ended December 31, 2008.

RRI Energy, Inc. and Subsidiaries
Gross Debt
(Unaudited)

March 31, 2009
(in millions)
Debt:
Senior secured revolver $ -
Senior secured notes 531 (1 )
Senior unsecured notes 1,300
Orion Power 12% notes (2) 414
PEDFA fixed-rate bonds for Seward plant 398 (3 )
Total GAAP debt 2,643

Debt classified as discontinued operations 238
REMA operating leases (off-balance sheet) 443
Gross Debt (4) $ 3,324

Gross Debt, excluding discontinued operations (4) $ 3,086

(1) Excludes $136 million classified in discontinued operations.
(2) Orion Power 12% notes include purchase accounting adjustments of $14 million.
(3) Excludes $102 million classified in discontinued operations.
(4) Gross debt includes off-balance sheet REMA leases of $443 million.

Reference is made to RRI Energy, Inc.'s Annual Report
on Form 10-K for the year ended December 31, 2008.

RRI Energy, Inc.
Dennis Barber, 713-497-3042 (Investor Relations)
Laurie Fickman, 713-497-7720 (Media Relations)
www.rrienergy.com

Copyright Business Wire 2009