Isle of Man, UK--(Marketwire - May 31, 2007) - PRESS RELEASE
For immediate release
31 May 2007
CLIMATE EXCHANGE PLC
NRG Energy, Inc. Joins Chicago Climate Exchange
The Chicago Climate Exchange, a wholly owned subsidiary of Climate Exchange Plc,
announces that NRG Energy, Inc. has joined the exchange.
The full text of NRG Energy, Incorporated's press release follows:
"NRG Energy, Inc. Joins Chicago Climate Exchange:
Supports First Voluntary Greenhouse Gas Emissions Reduction,
Registry and Trading Program
Princeton, NJ; May 30, 2007 - NRG Energy, Inc. (NYSE: NRG) has joined the
Chicago Climate Exchange (CCX), the world's first voluntary and legally binding
greenhouse gas emissions reduction, registry and trading program. NRG joins
global companies such as Bayer Corporation, Ford, IBM and Intel as a member.
"Joining the Chicago Climate Exchange is part of our ongoing program to increase
our carbon awareness, track our emissions, and address climate change
proactively," said David Crane, President and CEO, NRG Energy, Inc. "A
cap-and-trade system, like CCX's, will minimize the cost of achieving carbon
reductions because it allows the lowest cost emission reductions to be used to
help meet reduction targets."
CCX is the world's first and North America's only legally binding rules-based
greenhouse gas emissions allowance trading system, as well as the world's only
global system for emissions trading based on all six greenhouse gases.
Dr. Richard Sandor, Chairman and Chief Executive Officer of CCX said, "In
joining CCX, NRG continues its pioneering efforts to address climate change and
help develop mitigation options, as well as contribute to the building of the
CCX global emissions reduction and trading system. As a financial institution
with economic, environmental and social objectives, CCX is proud of the
contribution NRG will make and we look forward to their collaboration and
participation."
About NRG
A Fortune 500 company, NRG Energy, Inc. owns and operates a diverse portfolio of
power-generating facilities, primarily in Texas and the Northeast, South Central
and Western 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. More information on NRG is available at
www.nrgenergy.com.
About CCX
CCX members are leaders in greenhouse gas management and represent all sectors
of the global economy, as well as public sector innovators. Reductions achieved
through CCX are the only reductions in North America being achieved through a
legally binding compliance regime, with price transparency and independent third
party verification provided by NASD. The Chairman and CEO of CCX is economist
and financial innovator Dr. Richard L. Sandor, who was named a Hero of the
Planet by Time magazine for his work in founding CCX. For a full list of CCX
members, daily prices and other program information, see
www.chicagoclimateexchange.com. CCX is a wholly owned subsidiary of Climate
Exchange Plc, a public stock company listed on the AIM Market of the London
Stock Exchange. Climate Exchange Plc also owns the European Climate Exchange,
Europe's leading CO2 emissions exchange.
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. The
foregoing review of 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."