On May 1, 2002, the Board of Directors of Reliant Energy, Incorporated declared a regular quarterly cash dividend of $.375 per share on its common stock. The dividend is payable on June 10, 2002, to holders of record at the close of business May 16, 2002.

Reliant Energy, based in Houston, Texas, is an international energy services and energy delivery company with approximately $42 billion in annual revenue and total assets exceeding $35 billion. The company has nearly 31,000 megawatts of power generation in operation in the U.S. and is one of the largest marketers of both power and natural gas in North America. The company also has wholesale trading and marketing operations and nearly 3,500 megawatts of power generation in Western Europe. Reliant Energy's retail marketing and distribution operations serve nearly five million electricity and natural gas customers in the U.S. More information on Reliant Energy can be found on its web site http://www.reliantenergy.com/ .

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SOURCE: Reliant Energy, Incorporated