NRG Energy Buys Back Shares

//November 22, 2006//

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Princeton’s NRG Energy agreed to repurchase some 4,212,881 shares of its common stock at yesterday’s closingPrinceton’s NRG Energy (NYSE: NRG) agreed to repurchase some 4,212,881 shares of its common stock at yesterday’s closing price of $55 per share from private equity funds of The Blackstone Group. NRG owns and operates power generation facilities across country. The shares were acquired by Blackstone, Hellmann & Friedman, Kohlberg Kravis Roberts & Co., and Texas Pacific Group through a private placement that was part of NRG’s purchase of Texas Genco in February. The repurchase will remove the NRG shares received through the acquisition from the private equity funds. Shares of NRG were up $0.38 it $55.38 in morning trading.