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Leaving STP 3&4 Behind, NRG Energy Focuses on Solar and Gas-Fired Power Projects, an Industrial Info News Alert


May 6, 2011 - SUGAR LAND, TX

Researched by Industrial Info Resources (Sugar Land, Texas) -- NRG Energy Incorporated's (NYSE:NRG) earnings results for the first quarter of 2011, which the company released yesterday, showed a significant drop in net income compared with the first quarter of 2010. The chief cause of the decline in income was the company's $481 million asset impairment charge, incurred by NRG's withdrawal from the construction of units 3 and 4 of the South Texas Nuclear Project (STP). NRG had a net loss of $260 million in first-quarter 2011, compared to net income of $58 million in 1Q10.

After withdrawing from the nuclear project, NRG is increasing its focus on solar and gas-fired projects. Industrial Info is tracking more than $8.4 billion in active NRG projects, including the natural gas-fired combined-cycle addition at the company's power plant in El Segundo, California. Details can be found in Industrial Info's North American Power Industry Database.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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