New CEO chosen by South Texas Project Nuclear Operating Co.

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Houston, August 28, 2012 — Dennis Koehl, currently senior vice president and chief nuclear officer of Xcel Energy, has been selected to be the chief executive officer and chief nuclear officer of the South Texas Project Nuclear Operating Co. He will assume this position on October 15, 2012.

"Dennis Koehl is one of the top chief nuclear officers in the nation and brings the in-depth experience and leadership skills we wanted in a person taking the helm of the South Texas Project Nuclear Operating Co.," said John Ragan, president of NRG Energy's Gulf Coast Region. "His hands-on leadership style has led to success at Xcel and in every position he has held. The tremendous work he has done shaping and leading best practices in nuclear operations in America make him ideally suited to maintain and improve on the solid record of performance at South Texas Project 1 and 2."

In his current position, Koehl is responsible for activities at Xcel Energy's three nuclear units at Prairie Island and Monticello. He is the chairman of the Nuclear Energy Institute's nuclear advisory committee, vice chairman of the board of utilities services alliance and serves on the 12-member U.S. Fukushima response committee and the executive committee of the Electric Power Research Institute's nuclear power council.

Koehl has more than 30 years of experience in the nuclear industry, including positions of increasing responsibility at Tennessee Valley Authority's Sequoyah and Watts Bar nuclear plants. He has a diverse background in operations, assessment, engineering and plant performance. He earned his Bachelor of Science degree in mechanical engineering from the U.S. Naval Academy in Annapolis, Md. and served as an officer aboard the nuclear-powered submarine U.S.S. Patrick Henry.

The South Texas Project Nuclear Operating Co., owned by Austin Energy (16 percent), CPS Energy (40 percent), and NRG Energy (44 percent), operates two pressurized water reactors at the South Texas Project in Matagorda County, Texas. These units produce 2,700 MW of carbon-free energy, representing 7.5 percent of power generation in Texas and powering more than two million homes throughout the state.

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