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NRG expects Mr Luterman to serve as the CFO of NRG through the successful conclusion of the search process for a permanent replacement which is expected to last at least through the announcement of the company's full year 2009 financial results anticipated to be released in late February 2010.

David Crane, CEO of NRG Energy, said: "Bob has been, quite simply, pivotal to the success of NRG since we began through his careful stewardship of the NRG balance sheet and his relentless focus on achieving operating and financial excellence at NRG.

"A leader across the organization, a mentor to many, and a cherished colleague within our senior management team, personally and professionally, it has been my immense honor to work side-by-side with Bob for the past six years."

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Luterman, who currently sits on the NRG board and its audit committee, served for eight years as CFO of KeySpan, a gas distribution and integrated energy firm, until it was acquired in 2007 by National Grid (NYSE: NGG).

Flexon has served on the Foster Wheeler AG board since 2006.

Princeton, New Jersey-based NRG Energy owns and operates a power generation portfolio that include power plants that provide more than 24,000 megawatts of generation capacity.

NRG's retail business, Reliant Energy, serves more than 1.6 million residential, business, commercial and industrial customers in Texas.

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Prior to KeySpan, Luterman served as Senior Vice President and CFO with Arrow Electronics, and also has held senior-level financial positions with American Express, Emerson Electric and Booz-Allen & Hamilton. He is a director of Conti Group, AWP and Lutheran Medical Center. Born and raised in Montreal, Mr. Luterman qualified as a Canadian Chartered Accountant. He graduated from McGill University in Montreal, earning a Bachelor of Commerce degree, and received a Master of Business Administration from the Harvard Business School.

NRG expects Mr. Luterman to serve as the CFO of NRG through the successful conclusion of the search process for a permanent replacement which is expected to last at least through the announcement of the Company's full year 2009 financial results anticipated to be released in late February 2010.

About NRG

NRG Energy, Inc., a Fortune 500 company, owns and operates one of the country's largest and most diverse power generation portfolios. Headquartered in Princeton, NJ, the Company's power plants provide more than 24,000 megawatts of generation capacity--enough to supply more than 20 million homes. NRG's retail business, Reliant Energy, serves more than 1.6 million residential, business, commercial and industrial customers in Texas. A past recipient of the energy industry's highest honors--Platts Industry Leadership and Energy Company of the Year awards, NRG is a member of the U.S. Climate Action Partnership (USCAP), a group of business and environmental organizations calling for mandatory legislation to reduce greenhouse gas emissions. More information is available at www.nrgenergy.com.

SOURCE: NRG Energy, Inc.

NRG Energy, Inc. 
Media: 
Meredith Moore, 609-524-4522 
Lori Neuman, 609-524-4525 
David Knox, 713-795-6106 
or 
Investors: 
Nahla Azmy, 609-524-4526 
David Klein, 609-524-4527 
Erin Gilli, 609-524-4528