NRG Energy Reduces Annual Loan Interest Expense by $12 Million

  NRG Energy Reduces Annual Loan Interest Expense by $12 Million

Business Wire

PRINCETON, N.J. -- February 8, 2013

NRG Energy, Inc. (NYSE: NRG) has successfully repriced its $1.58 billion Term
Loan B due 2018. The repricing includes a reduction of spread from 3.0% to
2.5% and a reduction in the LIBOR floor from 1.0% to 0.75%.

“The successful repricing of NRG’s term loan will result in annual interest
expense savings of approximately $12 million and represents another
significant step toward achieving at least $100 million in balance sheet
efficiencies resulting from our recently completed merger with GenOn,” said
Kirk Andrews, Chief Financial Officer.

About NRG

NRG is at the forefront of changing how people think about and use energy. We
deliver cleaner and smarter energy choices for our customers, backed by the
nation’s largest independent power generation portfolio of fossil fuel,
nuclear, solar and wind facilities. A Fortune 300 company, NRG is challenging
the U.S. energy industry by becoming the largest developer of solar power,
building the first privately-funded electric vehicle charging infrastructure,
and providing customers with the most advanced smart energy solutions to
better manage their energy use. In addition to 47,000 megawatts of generation
capacity, enough to supply nearly 40 million homes, our retail electricity
providers – Reliant, Green Mountain Energy 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.

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
interest savings and the anticipated benefits of the transaction between NRG
and GenOn. 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, the ability to realize
anticipated benefits of the transaction (including expected cost savings and
other synergies) or the risk that anticipated benefits may take longer to
realize than expected, and financial and economic market conditions. 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.

Contact:

NRG Energy, Inc.
Media:
Lori Neuman, 609-524-4525
or
Dave Knox, 713-537-2130
or
Investors:
Chad Plotkin, 609-524-4526
or
Stefan Kimball, 609-524-4527