Californians to benefit from the Nation’s Most Comprehensive Electric Vehicle Fast-Charging Network to be built by NRG and

  Californians to benefit from the Nation’s Most Comprehensive Electric
  Vehicle Fast-Charging Network to be built by NRG and eVgo

 FERC approval clears path for NRG Energy to turn "range anxiety" into "range
                   confidence" for electric vehicle drivers

Business Wire

PRINCETON, N.J. -- November 05, 2012

NRG Energy (NYSE: NRG), through its eVgo subsidiary, has been cleared to
provide Californians with the nation’s most comprehensive electric vehicle
(EV) charging network including fast chargers that allow drivers to add 50
miles of range in 15 minutes at premier retail environments. With today’s
Federal Energy Regulatory Commission (FERC) approval of the agreement between
the California Public Utilities Commission and NRG, eVgo can now begin work on
a network that will raise the bar on convenience for EV drivers.

eVgo Freedom Station sites will begin showing up at California retail
locations in early 2013 allowi ...

eVgo Freedom Station sites will begin showing up at California retail
locations in early 2013 allowing drivers to add 50 miles of range in 15
minutes. (Photo: Business Wire)

As part of its agreement with the Commission, NRG is investing approximately
$100 million over the next four years in the eVgo California charging network,
generating in the process more than 1,500 jobs and a total economic benefit of
more than $185 million from employment and procurement of goods and services.

“This approval enables one of the most visionary "public-private partnerships"
ever conceived to move forward; enabling NRG to begin bringing the benefits of
a comprehensive EV fast charging network to the largest population centers in
California,” said David Crane, President and CEO of NRG Energy. “This network
will open the door for more California drivers to enjoy the enormous benefits
of EV ownership.”

The fee-based eVgo charging network will consist of at least 200 publicly
available fast-charging stations conveniently located at premier retail
locations in the San Francisco Bay area, the San Joaquin Valley, the Los
Angeles Basin and San Diego County.

As part of the agreement, NRG will also facilitate EV ownership for
Californians who live in apartment buildings and other multi-unit housing
complexes and for Californians hoping to commute to work in an electric
vehicle through its "make ready" commitment. eVgo will install the wiring
(make readies) for at least 10,000 individual charging stations located at
offices, multifamily communities, schools and hospitals.

To help ensure electric vehicle charging is available to Californians of all
income levels, NRG will install at least 20 percent of the fast charging
stations in low income areas and ensure that mixed-income housing locations
are identified, evaluated, and pursued for the individual charging station
make readies.

As part of the commitment to California, NRG will spend $5 million in
collaboration with researchers and stakeholders on technology demonstration
projects that will test new charging and related technologies and invest $4
million, in consultation with The Greenlining Institute, the California
Plug-In Electric Vehicle Collaborative and other key stakeholders, to support
low income car-sharing, workforce training, and related opportunity programs.

“With gasoline having just set new record highs, FERC’s decision today
couldn’t be more timely or important for California drivers,” said Terry
O’Day, Director of Business Development for eVgo in California. “Now that we
can start building eVgo fast-charging stations in California, EV drivers
should expect range confidence from the first Freedom Station sites in early
2013 and many more to follow.”

Follow our progress online at eVgoNetwork.com and on your favorite social
networks! Join the conversation on twitter: #evgoCA

In addition to the investment NRG will be making in EV infrastructure to
benefit Californians, NRG will contribute $20 million to the California Public
Utility Commission for rate payer relief.

“We commend California and the California Public Utility Commission for their
forward-looking views on the benefits of Zero Emission Vehicles like EVs and
then turning their views into action to actually encourage greater EV
ownership,” added Crane. “Together, we are creating an outstanding environment
for making EVs an extremely viable, sustainable and fun way to drive in the
State.”

The agreement resolves outstanding litigation arising out of a long-term
electricity contract entered into over a decade ago by a subsidiary of Dynegy,
Inc., then a co-owner with NRG of a portfolio of power generating plants in
California. NRG inherited responsibility for resolving this matter in 2006
when the Company acquired Dynegy's 50% interest in the assets.

About NRG

NRG is at the forefront of changing how people think about and use energy. A
Fortune 500 company based in Princeton, NJ, NRG is a pioneer in developing
cleaner and smarter energy choices for our customers: whether as one of the
largest solar power developers in the country, or by building the first
privately funded electric vehicle charging infrastructure or by giving
customers the latest smart energy solutions to better manage their energy use.
Our diverse power generating facilities can support more than 20 million homes
and our retail electricity providers—Reliant, Green Mountain Energy Company
and Energy Plus—serve more than two million customers. More information is
available at www.nrgenergy.com. Connect with NRG Energy on Facebook and follow
us on Twitter @nrgenergy.

About eVgo

eVgo is creating the nation’s first privately funded, comprehensive electric
vehicle ecosystem. The eVgo^(SM) network gives EV owners new freedom and range
confidence via home charging and fast-charging stations conveniently located
at major retailers, employers and along highways across eVgo cities. eVgo
allows EV owners to avoid paying large up-front costs for a home charger and
provides unlimited use remote charging—all for one low monthly fee. To find
out more, or to join the eVgo network, visit www.eVgoNetwork.com. Connect with
eVgo on Facebook and follow us on Twitter @evgonetwork.

Safe Harbor Disclosure

This news release contains 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. Such forward-looking statements are subject to certain
risks, uncertainties and assumptions and include NRG’s expectations regarding
the Company’s agreement with the California Public Utilities Commission and
electric vehicle infrastructure and forward-looking statements typically can
be identified by the use of words such as “will,” “expect,” “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, general economic conditions, hazards customary in the power industry,
competition in wholesale power markets, the volatility of energy and fuel
prices, failure of customers to perform under contracts, changes in the
wholesale power markets, changes in government regulation of markets and of
environmental emissions, and our ability to achieve the expected benefits and
timing of our electric vehicle projects. 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 be
considered in connection with information regarding risks and uncertainties
that may affect NRG’s future results included in NRG’s filings with the
Securities and Exchange Commission at www.sec.gov.

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Contact:

NRG Energy
Media:
David Knox, 713-537-2130
Carly Kade, 281-674-0044
Lori Neuman, 609-524-4525
or
Investors:
Chad Plotkin, 609-524-4526
Stefan Kimball, 609-524-4527
Lori Stagliano, 609-524-4528
 
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