NRG Energy, Inc. Announces Commencement of the Initial Public Offering of NRG Yield, Inc.

  NRG Energy, Inc. Announces Commencement of the Initial Public Offering of
  NRG Yield, Inc.

Business Wire

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

NRG Energy, Inc. (NYSE: NRG), today announced that its wholly owned
subsidiary, NRG Yield, Inc. (“NRG Yield”), has commenced an initial public
offering of shares of its Class A common stock. NRG Yield is offering
19,575,000 shares of its Class A common stock to the public. In addition, the
underwriters have a 30-day option to purchase up to an additional 2,936,250
shares of the Class A common stock from NRG Yield at the initial public
offering price, less underwriting discounts and commissions. The initial
public offering price is currently expected to be between $19.00 and $21.00
per share of Class A common stock. Application has been made to list the Class
A common stock of NRG Yield on the New York Stock Exchange under the symbol

NRG Yield intends to use a portion of the net proceeds of this offering to
purchase a portion of the equity interests in NRG Yield LLC, which holds the
NRG Yield assets, from NRG Energy, Inc. NRG Yield LLC intends to use a portion
of such proceeds for general corporate purposes.

BofA Merrill Lynch, Goldman, Sachs & Co. and Citi are acting as joint book
runners. Barclays, KeyBanc Capital Markets, Mitsubishi UFJ Securities, RBC
Capital Markets, Credit Suisse and Deutsche Bank Securities are acting as

The offering of Class A common stock will be made only by means of a
prospectus. Copies of the preliminary prospectus related to the offering may
be obtained from BofA Merrill Lynch at 222 Broadway, New York, NY 10038, Attn:
Prospectus Department or by emailing; Goldman,
Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282 or by
emailing; or Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, email, telephone 1-800-831-9146.

A registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective. The
registration statement can be accessed through the Commission’s website at These securities may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes effective. This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy these securities, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of any such state or jurisdiction.

Forward-Looking Statements

This communication contains forward-looking statements that may state NRG’s or
its management’s intentions, beliefs, expectations or predictions for the
future. Such forward-looking statements are subject to certain risks,
uncertainties and assumptions, and typically can be identified by the use of
words such as “will,” “expect,” “estimate,” “anticipate,” “forecast,” “plan,”
“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, risks and uncertainties related to the capital markets


NRG Energy, Inc.
Karen Cleeve, 609-524-4608
David Knox, 713-537-2130
Chad Plotkin, 609-524-4526
Lori Stagliano, 609-524-4528
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