|NRG Energy Receives Platts ''Energy Company of the Year'' and ''Industry Leadership'' Awards|
PRINCETON, N.J.--(BUSINESS WIRE)--Nov. 30, 2007--NRG Energy, Inc. (NYSE:NRG) received two of the industry's highest honors last night at the Platts Global Energy Awards ceremony, held in New York City. The Company was recognized by the judges for vision, environmental responsibility, overall financial performance and energy strategy--taking home the "Industry Leadership" and "Energy Company of the Year" awards.
"We are truly honored to receive these prestigious awards," said David Crane, President and CEO of NRG Energy, Inc. "It represents a phenomenal achievement by the men and women of NRG over the past few years."
The annual Platt's Global Energy Awards are the energy industry's premier honor. The Energy Company of the Year Award--the highest honor of the night--is presented at the judges' discretion to the company that demonstrates "all-around excellence in executing a total energy strategy." According to Platts, NRG received the award because, "the judges were very impressed by NRG's breadth of endeavor: its management excellence, coupled with incisive strategy and an unparalleled sense of corporate responsibility."
When bestowing the Industry Leadership award on NRG, Platts judges singled out NRG's filing with the Nuclear Regulatory Commission--the first in 29 years--for an application to build two new nuclear units at its South Texas Project as a defining reason. "NRG's commitment to helping to solve any eventual global warming crisis is streets ahead of much of the competition: the company has put its money where its mouth is, planning a transformation of its generating assets to conform with its vision of a low-cost, low-emissions future."
In accepting this award on behalf of NRG, David Crane noted the "critical contribution of the South Texas Power Company to the success of the new nuclear development at STP and also the extraordinary track record of the American nuclear power industry over the past 25 years."
At http://www.mcgraw-hill.com/releases/platts/20071130.shtml you may find more information about this year's Platts award winners.
A Fortune 500 company, NRG Energy, Inc. owns and operates a diverse portfolio of power- generating facilities, primarily in Texas and the Northeast, South Central and West regions of the United States and also in Australia, Germany and Brazil. NRG is a member of USCAP, a diverse group of business and environmental organizations standing together in calling for mandatory legislation to achieve significant reductions of greenhouse gas emissions. NRG is also a founding member of "3C--Combat Climate Change," a global initiative with 42 business leaders calling on the global business community to take a leadership role in designing the road map to a low carbon society. More information on NRG is available at www.nrgenergy.com.
CONTACT: NRG Energy, Inc. Media Relations: Meredith Moore, 609-524-4522 or Lori Neuman, 609-524-4525 or Investor Relations: Nahla Azmy, 609-524-4526 or Kevin Kelly, 609-524-4527 SOURCE: NRG Energy, Inc.