RRI Energy Announces Results of Tender Offer at Par for Notes and Bonds

HOUSTON--(BUSINESS WIRE)--RRI Energy, Inc. (NYSE:RRI) today announced the results of its "Asset Sale Offer" to purchase at par up to $35,000,000 aggregate principal amount of the outstanding securities listed below.

Principal Amount

Tendered and

CUSIP

Accepted for

Title of Security

Number

Purchase

RRI Energy, Inc. 6.75% Senior Secured Notes due 2014

74971XAA5*

$ 21,682,000

Pennsylvania Economic Development Financing Authority Exempt

Facilities Revenue Bonds (Reliant Energy Seward, LLC Project):

Series 2001A

708686BJ8

$  4,835,000

Series 2002A

708686BM1

$  2,290,000

Series 2002B

708686BN9

$  1,755,000

Series 2003A

708686BK5

$  3,605,000

Series 2004A

708686BL3

$  1,240,000

Bond sub-total

$ 13,725,000

* Formerly CUSIP Number 75952BAM7

Commencing on June 19, 2009, the offer to purchase was made under the terms of the indenture governing the notes and the separate guarantee agreements governing RRI's guarantee of each series of bonds. The holders' option to tender notes and bonds for purchase expired at 5 p.m. Eastern time on July 20, 2009. Amounts to be purchased were rounded up in accordance with the offer documents. RRI expects final settlement of the tender offer to occur on July 22, 2009.

The funds available for this offer to purchase represented a portion of post-closing payments from the May 1, 2009 sale by RRI of its membership interests in RERH Holdings, LLC, the entity that conducted RRI's Texas retail electric business, and other related assets to NRG Retail LLC. RRI does not expect future post-closing payments to trigger the requirements for additional asset sale offers.

About RRI Energy, Inc.

RRI Energy, Inc. (NYSE:RRI), based in Houston, provides electricity to wholesale customers in the United States. The company is one of the largest independent power producers in the nation with more than 14,000 megawatts of power generation capacity across the United States. These strategically located generating assets use natural gas, fuel oil and coal. For more information, visit http://www.rrienergy.com. RRI routinely posts all important information on its Web site.

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