SOURCE: Industrial Info Resources

November 11, 2008 08:00 ET

Facing Significant Losses in 2008, Reliant Energy to Wind Down Commercial and Industrial Business Unit, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 11, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Reliant Energy Incorporated (NYSE:RRI) (Houston, Texas) recently announced third quarter 2008 earnings. The company reported a net income loss of $1.04 billion, compared with a gain of $162.4 million in 3Q07. The company's year-to-date net income stands at negative $302 million. In response, the company has announced the winding down of its commercial and industrial segment. The company will retain its mass market and residential segments, but will not renew commercial and industrial contracts. Industrial Info is currently tracking 24 projects of Reliant Energy and its subsidiaries with a combined total investment value $826 million.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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