SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): January 3, 2003
RELIANT RESOURCES, INC.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 1-16455 76-0655566
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
1111 LOUISIANA STREET
HOUSTON, TEXAS 77002
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (713) 497-3000
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
99.1 Consolidated balance sheet of Reliant Energy Retail
Holdings, LLC and its subsidiaries as of September
30, 2002 and the related statements of consolidated
income, cash flows, and member's equity for the nine
months ended September 30, 2002.
ITEM 9. REGULATION FD DISCLOSURE.
On January 3, 2003, Reliant Resources, Inc. made available the consolidated
balance sheet of Reliant Energy Retail Holdings, LLC and its subsidiaries as of
September 30, 2002 and the related statements of consolidated income, cash
flows, and member's equity for the nine months ended September 30, 2002.
Attached hereto as Exhibit 99.1 and incorporated by reference herein is a copy
of the consolidated balance sheet of Reliant Energy Retail Holdings, LLC and its
subsidiaries as of September 30, 2002 and the related statements of consolidated
income, cash flows, and member's equity for the nine months ended September 30,
2002.
The information in this Item 9 is being furnished, not filed, pursuant to
Regulation FD. Accordingly, the information in this Item 9 will not be
incorporated by reference into any registration statement filed by Reliant
Resources, Inc. under the Securities Act of 1933, as amended, unless
specifically identified therein as being incorporated therein by reference. The
furnishing of the information in this report is not intended to, and does not,
constitute a determination or admission by Reliant Resources Inc., that the
information in this report is material or complete, or that investors should
consider this information before making an investment decision with respect to
any security of Reliant Resources, Inc. or any of its affiliates.
A copy of this report has been made available on Reliant Resources, Inc.'s web
site found at www.reliantresources.com in the investor relations section.
Forward-Looking Statements
Some of the statements in this report and the exhibits hereto are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Although Reliant Resources Inc. believes that the
expectations and the underlying assumptions reflected in its forward-looking
statements are reasonable, there can be no assurance that these expectations
will prove to be correct. Forward-looking statements involve a number of risks
and uncertainties, and actual results may differ materially from the results
discussed in the forward-looking statements. References in this report to the
terms "we," "us," "our" or other similar terms mean Reliant Resources, Inc. The
words "anticipate," "estimate," "believe," "continue," "could," "intend," "may,"
"plan," "potential," "predict," "should," "will," "expect," "objective,"
"projection," "forecast," "goal," "guidance," "outlook" and other similar words
are intended to identify our forward-looking statements.
In addition to the matters described in this report and the exhibits hereto, the
following are some of the factors that could cause actual results to differ
materially from those expressed or implied in our forward-looking statements:
o state, federal and international legislative and regulatory
developments, including deregulation, re-regulation and restructuring of
the electric utility industry, changes in or application of
environmental and other laws and regulations to which we are subject,
and changes in or application of laws or regulations applicable to other
aspects of our business, such as commodities trading and hedging
activities;
o the outcome of pending lawsuits, governmental proceedings and
investigations;
o the effects of competition, including the extent and timing of the entry
of additional competitors in our markets;
o liquidity concerns in our markets;
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o the degree to which we successfully integrate the operations and assets
of Orion Power Holdings, Inc. into our wholesale energy segment;
o the successful and timely completion of our construction projects, as
well as the successful start-up of completed projects;
o any reduction in our trading, marketing and origination activities;
o our pursuit of potential business strategies, including acquisitions or
dispositions of assets or the development of additional power generation
facilities;
o the timing and extent of changes in commodity prices and interest rates;
o the availability of adequate supplies of fuel, water, and associated
transportation necessary to operate our generation portfolio;
o weather variations and other natural phenomena, which can affect the
demand for power from or our ability to produce power at our generating
facilities;
o financial market conditions, our access to capital and the results of
our financing and refinancing efforts, including availability of funds
in the debt/capital markets for merchant generation companies;
o the creditworthiness or bankruptcy or other financial distress of our
counterparties;
o actions by rating agencies with respect to us or our competitors;
o acts of terrorism or war;
o the availability and price of insurance;
o the reliability of the systems, procedures and other infrastructure
necessary to operate our retail electric business, including the systems
owned and operated by the independent system operator in the Electric
Reliability Council of Texas;
o political, legal, regulatory and economic conditions and developments in
the United States and in foreign countries in which we operate,
including the effects of fluctuations in foreign currency exchange
rates;
o the successful operation of deregulating power markets; and
o the resolution of the refusal by certain California market participants
to pay our receivables balances.
Each forward-looking statement speaks only as of the date of the particular
statement, and we undertake no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future events
or otherwise.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
RELIANT RESOURCES, INC.
(Registrant)
Date: January 3, 2003 By: /s/ Mark M. Jacobs
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Mark M. Jacobs
Executive Vice President and
Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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99.1 Consolidated balance sheet of Reliant Energy Retail Holdings, LLC and
its subsidiaries as of September 30, 2002 and the related statements of
consolidated income, cash flows, and member's equity for the nine
months ended September 30, 2002.
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