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Reliant Energy Completes Sale of Bighorn Generating Facility


HOUSTON, Oct 20, 2008 (BUSINESS WIRE) -- Reliant Energy today completed the previously announced sale of its Bighorn Generating Station for approximately $500 million to Nevada Power Company (DBA NV Energy), a wholly owned subsidiary of Sierra Pacific Resources.

Reliant Energy expects to record a pre-tax gain of approximately $45 million during the fourth quarter of 2008 on the sale of the facility.

The Bighorn Generating Station is a 598-megawatt, combined-cycle generating facility located 35 miles south of Las Vegas in southern Clark County, near Primm, Nevada. Commissioned in 2004, Bighorn uses natural gas as its sole fuel source.

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 the District of Columbia.

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/investors. Reliant routinely posts all important information on its Web site.

SOURCE: Reliant Energy, Inc.




CONTACT:
Reliant Energy, Inc., Houston
Pat Hammond, media, 713-497-7723
or
Dennis Barber, investors, 713-497-3042
www.reliant.com