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 30, 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 Press release issued by Reliant Resources, Inc. on January 30,
2003 announcing the earnings of Reliant Resources, Inc. for (i)
the quarterly period ended December 31, 2002 and (ii) the fiscal
year ended December 31, 2002.
99.2 Slide presentation given by certain executive officers of
Reliant Resources, Inc. on January 30, 2003.
ITEM 9. REGULATION FD DISCLOSURE.
Attached hereto as Exhibit 99.1 and incorporated by reference herein is the
text of Reliant Resources, Inc.'s announcement of its earnings for (i) the
quarterly period ended December 31, 2002 and (ii) the fiscal year ended
December 31, 2002, as presented in a press release dated January 30, 2003.
Attached hereto as Exhibit 99.2 and incorporated by reference herein is the
slide presentation used by certain executive officers of Reliant Resources,
Inc. when they spoke to the public, as well as various members of the financial
and investing community on January 30, 2003.
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 (i) the
information in this report is material or complete or (ii) 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. and its subsidiaries. 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;
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o Liquidity concerns in our markets;
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 30, 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 Exhibit Description
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99.1 Press release issued by Reliant Resources, Inc. on January 30, 2003
announcing the earnings of Reliant Resources, Inc. for (i) the
quarterly period ended December 31, 2002 and (ii) the fiscal year
ended December 31, 2002.
99.2 Slide presentation given by certain executive officers of Reliant
Resources, Inc. on January 30, 2003.
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