HOUSTON, July 12 /PRNewswire-FirstCall/ -- Reliant Energy, Incorporated announced that it has received a 90-day extension of its credit facilities aggregating $4.7 billion, which would have otherwise expired on July 12, 2002. As extended, the facilities will expire October 10, 2002, unless the banks, by notice given not later than September 5, 2002, exercise a right contained in the agreements to reduce the term of the extension to September 10, 2002. During this extension, the company and its subsidiaries anticipate negotiating alternative financing arrangements to replace these facilities.

MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X81573643

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000309/DATH030

AP Archive: http://photoarchive.ap.org/

PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840

SOURCE: Reliant Energy, Incorporated

CONTACT: media, Sandy Fruhman, +1-713-207-3123, investors, Marianne
Paulsen, +1-713-207-6500, both of Reliant Energy, Incorporated

Web site: http://www.reliantenergy.com/

Company News On-Call: http://www.prnewswire.com/comp/903615.html