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

SUGAR LAND--November 11, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Reliant Energy Incorporated (NYSE:RRI) (Houston, Texas) recently announced its 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.