NRG Energy, Inc. Completes Sale of Its Ownership Interest in MIBRAG

* Reuters is not responsible for the content in this press release.

Wed Jun 10, 2009 8:01am EDT

PRINCETON, N.J.--(Business Wire)--
NRG Energy, Inc. (NYSE: NRG) completed the sale of its 50% ownership interest in
mining company Mibrag B.V. to a consortium of Severočeské doly Chomutov, the
largest brown coal mining company in the Czech Republic and member of the CEZ
Group, and J&T Group, a Czech Republic-based investment company. Mibrag B.V.`s
principal holding is Mitteldeutsche Braunkohlengesellschaft mbH (MIBRAG), an
integrated coal mining and power generating business located in central Germany.
Total proceeds received, including purchase price adjustments and transaction
expenses, for NRG`s 50% interest was approximately $260 million. Cash taxes in
2009 associated with the planned repatriation of the proceeds are expected to be
minimal. 

NRG continues to maintain its 41.9% interest in Schkopau, a 900 megawatt
coal-fueled power station located near Halle, Germany, which obtains its fuel
supply under a long-term contract from MIBRAG`s Profen mine. 

About NRG

NRG Energy, Inc., a Fortune 500 company, owns and operates one of the country`s
largest and most diverse power generation portfolios. Headquartered in
Princeton, NJ, the Company`s power plants provide more than 24,000 megawatts of
generation capacity-enough to supply more than 20 million homes. NRG`s retail
business, Reliant Energy, serves more than 1.7 million residential, business,
commercial and industrial customers in Texas. A past recipient of the energy
industry`s highest honors-Platts Industry Leadership and Energy Company of the
Year awards, NRG is a member of the U.S. Climate Action Partnership (USCAP), a
group of business and environmental organizations calling for mandatory
legislation to reduce greenhouse gas emissions. More information is available at
www.nrgenergy.com. 

Safe Harbor

Certain statements included in this news release are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Forward-looking statements above include
the expected timing of the MIBRAG transaction. Although NRG believes that its
expectations are reasonable, it can give no assurance that these expectations
will prove to have been correct. Factors that could cause NRG`s actual results
to differ materially from those contemplated in the forward-looking statements
above include, among others, closing conditions, regulatory approvals and
applicable foreign exchange rates. 

NRG undertakes no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. The
foregoing review of factors that could cause NRG`s actual results to differ
materially from those contemplated in the forward-looking statements included in
this news release should not be construed as exhaustive. For more information
regarding risks and uncertainties that may affect NRG`s future results, review
NRG's filings with the Securities and Exchange Commission at www.sec.gov. 



NRG Energy, Inc.
Media:
Meredith Moore, 609-524-4522
Lori Neuman, 609-524-4525
David Knox, 713-795-6106
or
Investors:
Nahla Azmy, 609-524-4526
David Klein, 609-524-4527
Erin Gilli, 609-524-4528 

Copyright Business Wire 2009

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