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NRG Energy Services Announces Agreement with Golden Spread Electric Cooperative for Third-Party Operations and Maintenance at Two Electric Generating Stations

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NRG Energy Services Announces Agreement with Golden Spread Electric Cooperative for Third-Party Operations and Maintenance at Two Electric Generating Stations

November 29, 2016 at 7:00 AM EST

NRG now provides safe, efficient operations and maintenance services for owners of 11 power plants across the United States

HOUSTON--(BUSINESS WIRE)--Nov. 29, 2016-- NRG Energy Services LLC, a subsidiary of NRG Energy, Inc. (NYSE:NRG), has entered into an agreement with Texas-based Golden Spread Electric Cooperative, Inc. to provide operations and maintenance (O&M) services for two generating stations owned by Golden Spread.

Golden Spread Electric Cooperative is a consumer-owned public utility with 16 member systems providing service to approximately 287,000 customers located in the Oklahoma Panhandle and an area covering 24 percent of Texas, including the Texas Panhandle, South Plains and Edwards Plateau Regions.

The two Golden Spread facilities – Mustang, a 958 MW natural gas turbine plant in Denver City, TX, and Antelope Elk Energy Center, a 744 MW natural gas facility in Abernathy, TX – will join with nine other generating stations under the O&M responsibilities of NRG Energy Services, representing a 9,200 megawatt portfolio. Leveraging the experience and expertise of NRG, which operates more than one hundred power plants, NRG Energy Services is able to provide first-rate support to owners of large and small generating fleets.

“We believe that NRG’s strong industry experience and vast resources that provide top tier operations to its own large fleet of assets will provide significant benefit to Golden Spread’s members by bringing the same experience and resources to our generation assets,” said Jeff Pippin, vice president of production, Golden Spread. “We look forward to our future working with NRG, a company that brings national scale and scope but also the personal customer focus to understand our mission as an electric cooperative.”

“NRG is honored to begin working with Golden Spread,” said Jim Locher, president, NRG Energy Services. “We look forward to applying our extensive experience owning, operating and maintaining power plants to support the Mustang and Antelope Elk plants to help Golden Spread achieve their goals for their investment in their facilities.”

NRG Energy Services delivers custom-tailored O&M solutions to companies that want to match their plants with the expertise of a premier operating company. NRG Energy Services brings the extensive skills and experience acquired by supporting the leading integrated power company in the United States.

In addition to providing O&M services, NRG Energy Services’ broad technical and engineering expertise and experience allows it to diagnose and recommend effective solutions for plant-related issues. The company’s specialized maintenance and repair facilities are designed to restore major rotating equipment, compressors, pumps, and engines and get generating units back online safely and efficiently.

About NRG

NRG is the leading integrated power company in the U.S., built on the strength of the nation’s largest and most diverse competitive electric generation portfolio and leading retail electricity platform. A Fortune 200 company, NRG creates value through best in class operations, reliable and efficient electric generation, and a retail platform serving residential and commercial businesses. Working with electricity customers, large and small, we continually innovate, embrace and implement sustainable solutions for producing and managing energy. We aim to be pioneers in developing smarter energy choices and delivering exceptional service as our retail electricity providers serve almost 3 million residential and commercial customers throughout the country. More information is available at www.nrg.com. Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy.

Safe Harbor

This communication contains forward-looking statements that may state NRG’s or its management’s intentions, beliefs, expectations or predictions for the future. 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. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally.

Source: NRG Energy Services LLC

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