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Reliant Energy to Sell Northeastern Electricity Marketing Assets to Hess Corporation

November 14, 2008

Reliant Energy announced today it has reached an agreement to sell the Northeastern electricity marketing assets of its retail subsidiaries, Reliant Energy Solutions East and Reliant Energy Solutions Northeast, to Hess Corporation.

These subsidiaries provide electricity and related services to more than 300 commercial and industrial customers in Delaware, Maryland, New Jersey, New York, Pennsylvania and the District of Columbia. Contracts included in the transaction represent total load of approximately 5.8 million megawatt hours.

The sale is expected to close before the end of the year.

About Reliant Energy, Inc.

Reliant Energy, Inc. (NYSE:RRI) based in Houston, provides electricity and energy services to retail and wholesale customers in the United States. The company provides service to approximately 1.8 million retail electricity customers primarily in Texas, including residential and small business customers. Reliant also serves commercial, industrial, governmental and institutional customers in Delaware, Illinois, Maryland, New Jersey, New York, Pennsylvania and Washington, D.C.

The company is one of the largest independent power producers in the nation with more than 14,000 megawatts of power generation capacity across the United States. These strategically located generating assets use natural gas, fuel oil and coal. For more information, visit http://www.reliant.com. Reliant Energy routinely posts all important information on its Web site.

This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements that contain projections, assumptions or estimates about our revenues, margins, capital structure and other financial items, our plans and objectives for future operations or about our future economic performance, financings or offerings. In many cases you can identify forward-looking statements by terminology such as “estimate,”"believe,”"may,”"plan(s),”"should,”"will,”"expect,”"outlook,”"commitment(s),”"taking steps,”"efforts” and other similar words. However, the absence of these words does not mean that the statements are not forward-looking.

Actual results may differ materially from those expressed or implied by forward-looking statements as a result of many factors or events, including, but not limited to, ongoing negotiations, legislative, regulatory and/or market developments, the outcome of pending lawsuits, governmental proceedings and investigations, the effects of competition, financial market conditions, access to capital, the timing and extent of changes in commodity prices and interest rates, weather conditions and other factors we discuss or refer to in the “Risk Factors” section of our filings with the Securities and Exchange Commission.

Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.




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