We have entered into a Management Services Agreement with NRG Energy, Inc., our majority
stockholder (“NRG”). We believe our relationship with NRG provides us with significant benefits,
including management and operational expertise, and future growth opportunities. In addition, our
executive officers have considerable experience in owning and operating, as well as developing,
acquiring and integrating, generation and thermal infrastructure assets, with on average over 15 years
in the energy sector.
NRG is the leading integrated power company in the U.S., built on the strength of the nation’s largest and most diverse competitive electric generation portfolio and leading retail electricity platform. A Fortune 200 company, NRG creates value through best in class operations, reliable and efficient electric generation, and a retail platform serving residential and commercial businesses. Working with electricity customers, large and small, we continually innovate, embrace and implement sustainable solutions for producing and managing energy. We aim to be pioneers in developing smarter energy choices and delivering exceptional service as our retail electricity providers serve almost 3 million residential and commercial customers throughout the country.