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NRG Energy Acquires Cogeneration Facility from Statoil Energy

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NRG Energy Acquires Cogeneration Facility from Statoil Energy

August 25, 2000 at 12:00 AM EDT

MINNEAPOLIS, Aug 25, 2000 (BUSINESS WIRE)---NRG Energy, Inc. (NYSE:NRG) announced that its wholly owned subsidiary, NRG Thermal Corporation, finalized its acquisition yesterday of a cogeneration facility located in Dover, Del. The facility, purchased from Statoil Energy, Inc., is now called NRG Energy Center Dover LLC.

"NRG Energy Center Dover enhances NRG Thermal's history of providing reliable and affordable thermal energy to meet its customers' critical needs," said Craig A. Mataczynski, president of NRG North America.

NRG Energy Center Dover owns a 190,000 pounds of steam per hour, 18-megawatt coal-fired cogeneration facility providing steam and electricity to a major manufacturing facility, also located in Dover. Excess electrical energy is sold through the Dover municipal electric utility. By next summer, an 88-MW expansion of peaking simple cycle electrical production will be available for output into the merchant energy and capacity markets and will increase output fivefold.

"We are pleased to help our current steam customer remain a strong manufacturing plant in a highly competitive market," said Michael R. Carroll, president of NRG Thermal.

NRG Energy Center Dover joins NRG Thermal's other operating subsidiaries in Minneapolis and St. Paul, Minn., San Francisco and San Diego, Calif., Grand Forks, N.D., Camas, Wash., as well as Harrisburg and Pittsburgh, Pa.

NRG Energy is a leading global energy company primarily engaged in the acquisition, development, construction, ownership and operation of power generation facilities. NRG Energy owns all or a portion of 57 power generation projects and its net ownership interest in these projects exceeds 16,000 MW. NRG Energy's operations utilize such diverse fuel sources as natural gas, oil, coal and coal seam methane, biomass, landfill gas, and hydro, as well as refuse derived fuel. NRG Thermal owns, operates and manages numerous industrial and commercial thermal energy operations.

Certain information included in this press release contains statements that are forward-looking. Such forward-looking information involves risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of NRG Energy. For more information regarding these risks and uncertainties, review NRG's filings with the Securities and Exchange Commission. More information on NRG Energy is available at www.nrgenergy.com.

Contact: NRG Energy, Inc., Minneapolis
Meredith C. Moore
Media Relations Manager
612.373.8892
meredith.moore@nrgenergy.com
or
Dan Dokken
Executive Director, Investor Relations
NRG Energy, Inc.
612.373.5336
dan.dokken@nrgenergy.com