NRG Energy Inc., a Minneapolis-based wholly owned subsidiary ofNorthern States Power Co., is going public and filed for anoffering of 18% of its common stock. The maximum aggregate offeringprice of the offer is $600 million. All proceeds will remain withNRG Energy.

The offering will be managed by Salomon Smith Barney Inc.Additional underwriters include Credit Suisse First Boston; ABNAMRO Rothschild; Banc of America Securities LLC; Goldman, Sachs& Co.; Lehman Brothers; Merrill Lynch & Co.; and MorganStanley Dean Witter. A registration statement relating to thesecurities in this offering has been filed with the SEC but has notyet become effective.

NRG Energy is primarily engaged in the acquisition, development,ownership and operation of power generation facilities. NRG Energyowns all or a portion of 57 power generation projects with a totalgenerating capacity of more than 23,000 MW; its net ownershipinterest in these projects exceeds 13,000 MW.

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