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NRG Energy Selects PowerPlan to Cover All Asset Accounting & Tax Requirements

Atlanta, GA (December 27, 2012) Since 2005, NRG Energy has relied on PowerPlan’s PowerTax solution. NRG decided to close 2012 by expanding their existing PowerPlan solutions by adding PowerTax Provision, Property Tax and the entire Asset Accounting suite. NRG expects their investment in PowerPlan to pay off in a number of ways: reduced labor costs through automated asset accounting practices, lowered maintenance costs through elimination of one-off systems and spreadsheets with an integrated budget, project and asset solution and automation of manual processes so tax professionals can focus on more strategic tax analysis. To tie the solution together, NRG is using the PowerPlan ERP Adapter for use with SAP solutions.

About NRG Energy, Inc.:

NRG Energy, Inc., together with its subsidiaries, operates as an integrated wholesale power generation and retail electricity company. The company engages in the ownership, development, construction, expansion, modification, refurbishment, and operation of power generation facilities. It is also involved in the trading of energy, capacity, and related products; transacting in and trading of fuel and transportation services; and the supply of electricity, energy services, and cleaner energy products to retail electricity customers in deregulated markets. In addition, the company engages in the investment, deployment, and commercialization of alternative energy technologies focused on the areas of distributed solar, solar thermal, and solar photovoltaic; and low or no greenhouse gases emitting energy generating sources, such as the fueling infrastructure for electric vehicle ecosystems. The company operates natural gas-fired, coal-fired, oil-fired, nuclear, solar, and wind power plants. As of December 31, 2011, it had power generation portfolio of 189 operating fossil fuel and nuclear generation units with an aggregate generation capacity of approximately 23,585 megawatt (MW), as well as had ownership interests in renewable facilities with an aggregate generation capacity of 545 MW in the United States; and 1,005 MW of generation capacity internationally. Further, it engages in the district energy business with steam and chilled water capacity of approximately 1,170 megawatts thermal equivalent. NRG Energy, Inc. was founded in 1989 and is headquartered in Princeton, New Jersey.

About PowerPlan: PowerPlan software provides financial insight into how complex rules and regulations impact your organization – empowering you to make credible decisions that improve overall corporate performance. The integrated solution provides complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance. For more information, email info@powerplan.com or visit www.powerplan.com.

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For more information contact:
Tiffany Smith
678.223.2711
pr@powerplan.com

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