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NRG Energy, Inc. Issues Statement Re: Commitment to IGCC and Reducing Carbon Profile

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NRG Energy, Inc. Issues Statement Re: Commitment to IGCC and Reducing Carbon Profile

January 11, 2007 at 2:34 PM EST

PRINCETON, N.J.--(BUSINESS WIRE)--Jan. 11, 2007--In response to an email distributed publicly by TXU Corporation's Media Relations group, NRG Energy, Inc. (NYSE:NRG) has issued the following statement from David Crane, President and CEO, regarding its commitment to, and the viability of, integrated gasification combined cycle (IGCC) technology as part of a balanced solution to addressing energy and environmental needs responsibly.

"NRG's commitment to the deployment of IGCC is driven by several facts. First, global warming is one of the most significant challenges facing mankind. Second, the power sector is responsible for a significant part of the global emissions of greenhouse gases, and must play a leading role in reducing those emissions. Third, coal is--and will remain--the premier energy source for power generation purposes in the United States for the foreseeable future. This means it is incumbent on us to find ways to convert coal to electricity while dramatically reducing its carbon emissions.

"We have proposed IGCC projects in response to "clean fuel" Requests for Proposals issued by the States of New York and Delaware last fall. Our Huntley IGCC project in Tonawanda, New York received a conditional award in December--winning out over another bid which was based on traditional pulverized coal technology. We are now hard at work with the New York Power Authority to bring the project to fruition in a timely fashion. Our Indian River IGCC project in Delaware has been accepted for evaluation and remains under consideration. In both cases, we expect to win the projects and bring them to successful completion using state-of-the-art, carbon capture capable IGCC technology.

"With respect to the suggestion that we backed away from proposing IGCC technology in response to Connecticut's Request for Proposals, we indeed planned to offer IGCC initially but we ultimately did not do so for the simple reason that Connecticut asked for power in a time frame which could not be achieved by an IGCC plant, or for that matter, by a traditional coal plant of the type being proposed by TXU. We at NRG are proud of our focus on our customers and, as such, we seek to deliver what our customers request.

"We recognize that a public debate is now occurring in the State of Texas regarding what type of generation should be built in order to fuel Texas' robust growth and continued economic prosperity. We want to be part of that debate, and indeed we believe the blend of new nuclear, gas and coal-fueled plants which we have proposed in our 'Repowering Texas with NRG' program represents the best approach to affordable and reliable generation produced in an environmentally responsible manner.

"While we respect other viewpoints about the best path to economic and environmentally responsible power generation--both in terms of air emissions and water usage--we feel the need to set the record straight about NRG's viewpoint."

NRG Energy, Inc. owns and operates a diverse portfolio of power-generating facilities, primarily in Texas and the Northeast, South Central and Western regions of the United States. Its operations include baseload, intermediate, peaking, and cogeneration facilities and thermal energy production. NRG also has ownership interests in generating facilities in Australia, Germany and Brazil.

This news release contains 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. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and typically can be identified by the use of words such as "will," "expect," "estimate," "anticipate," "forecast," "plan," "believe," 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. NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Factors that could cause NRG's actual results to differ materially from those contemplated in the forward-looking statements included in this news release may be found with information regarding risks and uncertainties that may affect NRG's future results, which are included in NRG's filings with the Securities and Exchange Commission at www.sec.gov.

More information on NRG is available at www.nrgenergy.com


    CONTACT: NRG Energy, Inc.
             Media:
             Meredith Moore, 609-524-4522
             or
             Lori Neuman, 609-524-4525
             or
             Investors:
             Nahla Azmy, 609-524-4526
             or
             Kevin Kelly, 609-524-4527
             or
             Jon Baylor, 609-524-4528

    SOURCE: NRG Energy, Inc.