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1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) DECEMBER 22, 1998 ----------------------------- NRG ENERGY, INC. - ------------------------------------------------------------------------------ (Exact name of registrant as specified in its charter) DELAWARE - ------------------------------------------------------------------------------ (State or other jurisdiction of incorporation) 333-33397 41-1724239 - ------------------------------------------------------------------------------ (Commission File Number) (IRS Employer Identification No.) 1221 NICOLLET MALL, SUITE 700 MINNEAPOLIS, MN 55403 - ------------------------------------------------------------------------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 612-373-5300 ---------------------------- - ------------------------------------------------------------------------------ (Former name or former address, if changed since last report) 2 ITEM 5. OTHER EVENTS On December 22, 1998, NRGenerating International B.V., a wholly-owned subsidiary of NRG Energy, Inc. (NRG), sold one-half of its 100% interest in Enfield Holdings B.V. (which owns a 50% interest in Enfield Energy Centre Ltd. (EECL)) to an affiliate of El Paso International Company for approximately $26.2 million, paid by delivery of a promissory note due January 26, 1999, resulting in an after-tax gain to NRG of approximately $16.6 million. NRG continues to hold a 25% interest in EECL Other details are contained in the news release attached as Exhibit 99.01. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) EXHIBITS Exhibit No. Description 99.01 December 28, 1998 News Release from NRG 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NRG Energy, Inc (a Delaware Corporation) By /s/ ---------------------------------- Leonard A. Bluhm Executive Vice President and Chief Financial Officer (Principal Financial Officer) Dated: December 29, 1998
1 NEWS FOR IMMEDIATE RELEASE RELEASE NRG ENERGY SELLS PORTION OF INTEREST IN ENFIELD ENERGY CENTRE TO EL PASO ENERGY INTERNATIONAL MINNEAPOLIS (December 28, 1998) - NRG Energy, Inc. (NRG), a wholly-owned subsidiary of Northern States Power Company (NYSE: NSP), announced today the sale by an NRG affiliate of one-half of its 50 percent interest in Enfield Energy Centre Ltd. (EECL) to an affiliate of El Paso Energy International for $26.2 million, resulting in an after-tax gain to NRG of $16.6 million. The remaining 50 percent interest in EECL is held by an affiliate of Chicago-based Indeck Energy Services, Inc. EECL was established in 1993 to construct, own and operate a 396 MW combined-cycle gas turbine generation facility located in the Borough of Enfield, North London, England. Financial close for the project occurred in December of 1997. Construction is on schedule and the project is expected to be operational by October 1999. NRG and El Paso have an existing business relationship related to the ownership of Energy Center Kladno (ECK) and together have majority ownership in the Energy Center Kladno Generating (ECKG) facility currently under construction in Kladno, Czech Republic. "This transaction further solidifies the partnership between NRG and El Paso," commented David H. Peterson, chairman, president and chief executive officer of NRG. "NRG values our business relationship with El Paso and hopes to continue joint participation in additional project investments in Europe and elsewhere." --more-- 2 NRG is one of the world's leading independent power producers, specializing in the development, construction, operation, maintenance and ownership of low-cost, environmentally-sensitive power plants. Established in 1989, NRG has a low-risk, high quality portfolio of projects in the United States, Europe, the Pacific Rim, and Latin America. NRG is involved in approximately 13,000 MW of projects utilizing diverse fuel types including natural and landfill gas, hydro, and solid fuels such as coal, lignite, bio-mass and refuse-derived fuel. 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. For more information regarding these risks and uncertainties, review NRG's filings with the Securities and Exchange Commission. ### CONTACT: Trudy Marshall Director Communications 612/373-5410