NRG Energy, Inc. Announces Senior Management Changes.Thad Hill Named Regional President for NRG NRG Energy NRG NRG Energy, Inc. NRG Natural Resources Group NRG New Radiancy Group NRG Network Referral Group NRG Network Resource Grapher NRG Numerics Rapporteur Group NRG Neuroprosthetics Research Group NRG notional requirements generator Texas; Steve Winn to Lead Strategy, Environmental and New Business PRINCETON, N.J. -- In line with the Company's rapidly expanding business opportunities, NRG Energy NRG Energy, Inc. (NRG) is a wholesale power generation company founded in 1989, which has an ownership interest in 47 power generating facilities around the world. The diverse portfolio of facilities, are primarily in the Northeast, South Central and Western regions of the United , Inc. (NYSE NYSE See: New York Stock Exchange :NRG) has made the following leadership changes. Thad Hill has been named Regional President for NRG Texas in Houston, and Steve Winn, having successfully led the integration of Texas Genco Texas Genco is a major power generation firm active in the deregulated Texas electricity market and owns several major power plants in the Houston area that serve area power needs. , returns to the Company's Princeton headquarters as the head of Strategy, Environmental and New Business. Both positions are effective immediately. In his new role, Hill succeeds Winn in managing NRG's largest regional portfolio of power generating assets, totaling over 10,500 megawatts of power in Texas. As head of Strategy, Environmental and New Business, Winn will identify opportunities to enhance NRG's competitive position in the energy industry and increase revenue growth through synergistic acquisitions and business alliances. Winn also will continue to oversee NRG's nuclear development efforts for South Texas Project (STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. ) units 3 and 4. Most recently, Hill served as NRG's Executive Vice President, Corporate Business Development and Strategic Planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , as well as head of Environmental and New Business. Prior to joining NRG, he was Executive Vice President of Strategy & Business Development at Texas Genco LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a position he held until in February 2006, when NRG acquired the Company. Hill also served as Vice President and Director of The Boston Consulting Group, Inc., where he led the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. energy practice, serving companies in the power and gas sector with a focus on commercial and strategic issues. Hill received his bachelor of arts degree from Vanderbilt University Vanderbilt University, at Nashville, Tenn.; coeducational; chartered 1872 as Central Univ. of Methodist Episcopal Church, founded and renamed 1873, opened 1875 through a gift from Cornelius Vanderbilt. Until 1914 it operated under the auspices of the Methodist Church. and a master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in Business Administration from The Amos Tuck School of Dartmouth College. Steve Winn assumed the role of Regional President for NRG Texas following NRG's acquisition of Texas Genco, a transaction he spearheaded. Prior to NRG, Winn spent nearly 10 years in investment banking--most recently at Lehman Brothers, Inc. where he served as the Senior Vice President, Investment Banking, Global Power and Energy. He holds a bachelors degree in Economics from the University of California-Berkeley and a master's degree in Business Administration, with an emphasis in Finance, from Cornell University. NRG Energy, Inc. owns and operates a diverse portfolio of power-generating facilities, primarily in Texas and the Northeast, South Central and West regions of the United States. Its operations include baseload, intermediate, peaking, and cogeneration facilities and thermal energy production. NRG also has ownership interests in generating facilities in Australia, Germany and Brazil. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and typically can be identified by the use of words such as "will," "expect," "believe," and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Factors that could cause NRG's actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect NRG's future results included in NRG's filings with the Securities and Exchange Commission at www.sec.gov. |
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