NRG Energy completes purchase of Green Mountain Energy Co.

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Princeton, N.J.. November 5, 2010 — NRG Energy, Inc. has completed the acquisition of Green Mountain Energy Co., the nation’s leading competitive retail provider of clean energy products and services, for $350 million in cash.

“Green Mountain, as the preeminent national retailer of green energy products and services, is a great complement to NRG’s fast-growing solar and wind portfolio,” said David Crane, NRG President and Chief Executive Officer. “This combination enables us to match green wholesale and green retail in order to meet the American public’s growing demand for a fully sustainable alternative energy supplier.”

By combining with NRG, Green Mountain will be able to expand the scope of its green products and services and accelerate the pace of its expansion into attractive markets and market segments. Green Mountain will be run as a standalone business within NRG and will maintain its commitment to customers to make a difference for the environment.

Green Mountain ranked highest in J.D. Power and Associates 2009 Texas Business Retail Electric Provider Satisfaction Study. Austin-based Green Mountain has residential and commercial customers primarily in Texas and the New York metro region.

Green Mountain also delivers green products and services to select utilities, including Portland General Electric — ranked as the number one green utility program by the Department of Energy’s National Renewable Energy Laboratory — as well as providers in New York and New Jersey.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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