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NRG Energy, Inc. Supports Global Initiative to Combat Climate Change

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NRG Energy, Inc. Supports Global Initiative to Combat Climate Change

January 11, 2007 at 11:13 AM EST
PRINCETON, N.J., Jan 11, 2007 (BUSINESS WIRE) -- As part of a program to reduce carbon emissions and address global warming, NRG Energy, Inc. (NYSE:NRG) has joined 14 other global business leaders to support a new initiative titled "Combating Climate Change," or "3C." This initiative, officially launched today in Brussels, calls for the global business community to take a leadership role in designing the road map to a low carbon society.

"Taking steps to reduce carbon dioxide concentrations in the earth's atmosphere is a moral imperative," said David Crane, President and CEO, NRG Energy, Inc. "The power generation sector, in particular, has a massive responsibility to lead in the reduction of greenhouse gases and collectively work toward the establishment of a pragmatic and realistic carbon regime. By addressing the need for an effective global policy framework and carbon trading program, the 3C initiative will also facilitate the development of effective and realistic national policies."

In June 2006, NRG publicly announced its comprehensive "Repowering NRG" program intended to further diversify the Company's fuel mix and reduce reliance on volatile, imported fuels. The initiative calls for two new zero-emission nuclear units in Texas and two low emission, gasified coal plants in the Northeast. The program, which represents an approximately $16 billion investment, will be carried out over the next 10 years and includes developing approximately 10,000 MW of new generation capacity.

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.

For further information about 3C, visit www.combatclimatechange.org.

For further information on NRG, visit www.nrgenergy.com

SOURCE: NRG Energy, Inc.

NRG Energy, Inc.
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