Reliant's Board of Directors Elects Mark Jacobs New Chief Executive Officer and Brian Landrum Chief Operating Officer

Search Blogs that Mention this News Release
Click this link to view linked Bookmarking Services
Click this link to view linked Blogging Services
Reliant's Board of Directors Elects Mark Jacobs New Chief Executive Officer and Brian Landrum Chief Operating Officer
              Previously Announced Succession Plan Implemented

    HOUSTON, May 16 /PRNewswire-FirstCall/ -- Immediately following Reliant
Energy's annual meeting today, the company's board of directors proceeded
with the implementation of its previously announced leadership succession
plan. Joel Staff, 63, retired as president and chief executive officer of
the company while remaining non-executive chairman of the board. Effective
today, Mark Jacobs, 45, assumes the roles of president and chief executive
officer, and Brian Landrum, 45, becomes chief operating officer. Jacobs was
also elected to serve on the board of directors.
    During the annual meeting, stockholders voted to declassify the board
of directors, to re-elect the current members of the board and to appoint
KPMG as the independent auditor for Reliant Energy, Inc.
    "Over the past four years, we have successfully repositioned Reliant
Energy and have emerged as a national leader in competitive energy
markets," said Joel Staff, board chairman. "By strengthening the balance
sheet to achieve financial flexibility, improving processes, resolving
substantially all of the outstanding legacy litigation, focusing on
operational excellence and keeping our customers at the center of
everything we do, Reliant Energy is extremely well positioned to continue
to deliver shareholder value. I am confident that Mark, Brian and the
leadership team will deliver that value as they execute Reliant Energy's
new strategic plan."
    "I am extremely optimistic about the future of Reliant Energy and I'm
confident we are on the right path to creating value for our shareholders
and our customers," said Jacobs. "We have developed a distinctive strategy
to guide the company over the next several years and we are already
delivering on the priorities that we laid out to maximize value in our
wholesale and retail businesses. I am looking forward to working with Brian
and the rest of the leadership team as we implement this plan."
    Reliant Energy, Inc. (NYSE: RRI) based in Houston, provides electricity
and energy services to retail and wholesale customers in the United States.
In Texas, the company provides service to nearly 1.9 million retail
electricity customers, including residential and small business customers
and commercial, industrial, governmental and institutional customers.
Reliant also serves commercial, industrial, governmental and institutional
customers in the PJM (Pennsylvania, New Jersey and Maryland) market.
    The company is one of the largest independent power producers in the
nation with approximately 16,000 megawatts of power generation capacity in
operation across the United States. These strategically located generating
assets utilize natural gas, fuel oil and coal. For more information, visit
http://www.reliant.com.
    This news release contains "forward-looking statements."
Forward-looking statements are statements that contain projections,
estimates or assumptions about our financial results, our plans for the
future, future economic performance, transactions and dispositions and
financings related thereto. In many cases you can identify forward-looking
statements by terminology such as "anticipate," "believe," "continue,"
"could," "intend," "may," "plan," " "predict," "should," "will," "expect"
and other similar words. However, the absence of these words does not mean
that the statements are not forward-looking. We have based our
forward-looking statements on management's beliefs and assumptions based on
information available to management at the time the statements are made.
Actual results may differ materially from those expressed or implied by
forward-looking statements as a result of many factors or events, including
legislative and regulatory developments, the effects of competition,
financial market conditions, the timing and extent of changes in commodity
prices and interest rates, weather conditions, changes in our business plan
and other factors we discuss in our filings with the Securities and
Exchange Commission. Each forward-looking statement speaks only as of the
date of the particular statement and we undertake no obligation to update
or revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
SOURCE Reliant Energy, Inc.
http://www.reliant.com
CONTACT:
media, Pat Hammond, +1-713-497-7723,
investors, Dennis Barber, +1-713-497-3042, both of Reliant
Energy, Inc.