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NRG Responds to Mirant's Withdrawn Proposal
PRINCETON, N.J.--(BUSINESS WIRE)--June 12, 2006--NRG Energy, Inc. (NYSE:NRG) released the following statement regarding Mirant's withdrawn proposal.
Over the past 24 months, NRG's stock has appreciated 120% as the market has recognized the value of our asset mix, the soundness of our strategy and our history of returning capital to shareholders. We are poised for further value creation and look forward to the continued execution of our strategic plan.
About NRG
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, thermal energy production and energy resource recovery facilities. NRG also has ownership interests in generating facilities in Australia and Germany.
Forward Looking Statements
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 NRG's statement regarding the potential future value of NRG and its stock price. Although NRG believes that its expectations are reasonable based on current information, it can give no assurance that these expectations will prove to have been correct. Factors that could cause actual events to differ materially from those contemplated in the forward-looking statements above include, among others, a deterioration in conditions in the power generation industry and in the capital markets in general, changes in the supply and demand for power generation and related commodities in NRG's core markets, the actions of regulators, and new developments in the consolidation of the power generation industry.
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.
More information on NRG is available at www.nrgenergy.com
CONTACT: NRG Energy, Inc. Media Relations: Meredith Moore, 609-524-4522 or Lori Neuman, 609-524-4525 or Joele Frank, Wilkinson Brimmer Katcher Joele Frank, 212-355-4449 or Barrett Golden, 212-355-4449 or Investor Relations: Nahla Azmy, 609-524-4526 or Kevin Kelly, 609-524-4527 SOURCE: NRG Energy, Inc.