Reliant Resources names CEO, board members

HOUSTON, Aug. 12, 2003 — Reliant Resources Inc. announced that the independent members of its board of directors, acting on the recommendation of the board’s Nominating and Governance Committee, have requested Joel V. Staff to continue serving as chairman and CEO and have concluded the search process they initiated in April.

Staff has served Reliant Resources as chairman of the board and chief executive officer since the resignation of Steve Letbetter on April 13, 2003. Staff served as chairman, president and chief executive officer of National Oilwell, Inc. from July 1993 to May 2001 and as chairman until May 2002.

Staff was associated with Baker Hughes, Inc., between 1976 and June of 1993 and serving in various financial and general management positions including senior vice president and president of the drilling and production groups.

In addition, two new members have been elected to the company’s Board of Directors. The new directors are Kirbyjon H. Caldwell, a civic and community development leader who is senior pastor of Windsor Village United Methodist Church in Houston, and Steven L. Miller, who is chairman and president of SLM Discovery Ventures and retired chairman, president and CEO of Shell Oil Company. The term of office of the new directors, who are classified as Class I directors, will expire in 2006.

With the addition of Caldwell and Miller, the Reliant Resources Board now has seven members. Six are non-employee directors. The Nominating & Governance Committee of the board, which is composed entirely of non-employee directors, recommended the election of the new directors after completing an extensive search and review of potential board candidates.

Reliant Resources, Inc., based in Houston, Texas, provides electricity and energy services to retail and wholesale customers in the U.S. and Europe, marketing those services under the Reliant Energy brand name. The company provides a complete suite of energy products and services to approximately 1.7 million electricity customers in Texas ranging from residences and small businesses to large commercial, industrial and institutional customers. Reliant also serves large commercial and industrial clients in the PJM (Pennsylvania, New Jersey, Maryland) Interconnection. The company has approximately 22,000 megawatts of power generation capacity in operation, under construction or under contract in the U.S and nearly 3,500 megawatts of power generation in operation in Western Europe. For more information, visit our web site at www.reliantresources.com .

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