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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) APRIL 7, 2000
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NRG ENERGY, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
333-33397 41-1724239
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(Commission File Number) (IRS Employer Identification No.)
1221 NICOLLET MALL, SUITE 700 MINNEAPOLIS, MN 55403
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 612-373-5300
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On March 29, 2000, NRG Energy, Inc (NRG) a wholly-owned subsidiary of Northern
States Power Company, announced the completion of the purchase from National
Power plc of the 680-megawatt gas-fired Killingholme A combined-cycle,
gas-turbine power station in North Lincolnshire, England. The purchase price for
the station was approximately 390 million pounds sterling (approximately U.S.
$615 million at current exchange rates). The project will be funded through a
combination of equity and non-recourse project financing.
Other details are contained in the news release attached as Exhibit 99.6.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit No. 99.6 - March 29, 2000, News Release from NRG titled "NRG Energy
Completes Purchase of 680-Megawatt Killingholme A Power Station".
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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
(Registrant)
By /s/ Leonard A. Bluhm
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Leonard A. Bluhm
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)
Dated: April 7, 2000
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EXHIBIT 99.6
NRG ENERGY, INC.
FOR IMMEDIATE RELEASE: MARCH 29, 2000
NRG Energy Completes Purchase of
680-Megawatt Killingholme A Power Station
MINNEAPOLIS (March 29, 2000) NRG Energy, Inc. (NRG Energy), a wholly owned
subsidiary of Northern States Power Company (NYSE: NSP), today announced the
completion of the purchase from National Power plc of the 680-megawatt (MW)
gas-fired Killingholme A combined-cycle, gas-turbine power station in North
Lincolnshire, England.
The purchase price for the station was approximately 390 million pounds sterling
(approximately U.S. $620 million at current exchange rates). The project will be
funded through a combination of equity and non-recourse project financing.
Killingholme A was commissioned in 1994 and is located in North Lincolnshire on
the south bank of the River Humber, five kilometers northwest of Immingham
Docks. The station's three gas turbine generators have nominal capacities of 150
MW each, as well as heat recovery steam generators that recover steam for a
single 230 MW steam turbine generator.
"We are delighted to complete the purchase of Killingholme A, an acquisition
that greatly increases our presence within the United Kingdom," said Ron Will,
president and CEO of NRG Europe. "NRG Energy will continue to actively pursue
opportunities, including greenfield projects, as a means of continuing our
growth in U.K. energy markets."
NRG Energy is also a 25-percent owner of Enfield Energy Centre, a 396-MW,
combined-cycle merchant plant in North London. Enfield, which will go into
service in June 2000, will sell power into the National grid. NRG Energy is also
pursuing the approval for construction of Langage Energy Park, a nominal 800-MW
gas-fired, combined-cycle gas turbine, greenfield merchant plant located near
Plymouth, in the southwest of England. The Company's other European assets are
comprised of interests in projects totaling more than 1,500 MW in Germany and
the Czech Republic. NRG Energy's United Kingdom headquarters are in London, with
additional European offices in Prague, Berlin, Tallinn, Warsaw and Istanbul.
NRG Energy is one of the world's leading independent power producers,
specializing in the development, construction, operation, maintenance and
ownership of low-cost, environmentally responsible power plants. Established in
1989, NRG Energy has a high quality portfolio of projects in the United States,
Europe, the Pacific Rim, and Latin America. NRG Energy is involved in over
28,000 MW of projects utilizing such diverse fuel sources as natural gas, oil,
coal and coal seam methane, biomass, landfill gas, and hydro, as well as refuse
derived fuel and geothermal energy.
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 Energy. For more
information regarding these risks and uncertainties, review NRG Energy's filings
with the Securities and Exchange Commission.
CONTACTS:
Bob Brown
Vice President & Managing Director,
Western Europe, NRG Energy, Ltd.
44-0171-409-1025
Frank Rapley
Director Communications
NRG Energy, Inc.
612/373-8892
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