MINNEAPOLIS, Minn., May 14, 2002 — NRG Energy Inc. said its preliminary review of trading activity found no evidence that the company has not engaged in power trading transactions intended to inflate trading volumes or revenues.
The initial review indicated NRG had no instances of trading transactions involving simultaneous purchases and sales with the same counterparty at the same price — so-called “roundtrip” trades.
NRG manages energy trading for all of its wholly owned assets in North America.
NRG is a global energy company engaged primarily in the development, construction, acquisition, ownership and operation of power generation facilities. The company’s operations utilize such diverse fuel sources as natural gas, oil, coal and coal seam methane, biomass, landfill gas, and hydro, as well as refuse-derived fuel.
More information on NRG is available at www.nrgenergy.com.