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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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)   JULY 18, 2000
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NRG ENERGY, INC.
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(Exact name of registrant as specified in its charter)

DELAWARE
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(State or other jurisdiction of incorporation)

333-33397                                         41-1724239
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(Commission File Number)                       (IRS Employer Identification No.)

1221 NICOLLET MALL, SUITE 700 MINNEAPOLIS, MN                              55403
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(Address of principal executive offices)                              (Zip Code)

Registrant's telephone number, including area code 612-373-5300
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(Former name or former address, if changed since last report)

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ITEM 5.  OTHER EVENTS
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On July 18, 2000, NRG Energy, Inc., a majority owned subsidiary of Northern
States Power Company, reported its financial results for the quarter and six
months ended June 30, 2000. The press release reporting the company's financial
results is filed with this Form 8-K as Exhibit 99.10 See "Item 7.
Exhibits."

Item 7. Exhibits.

The following exhibits are filed with this report on Form 8-K:

Exhibit No.              Description

99.10                    Press release issued July 18, 2000 of NRG Energy, Inc.

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SIGNATURES
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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.

NRG Energy, Inc
(Registrant)

By /s/      Leonard A. Bluhm  
---------------------------
Leonard A. Bluhm
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)

Dated:  July 18, 2000
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EXHIBIT 99.10

NEWS
RELEASE

FOR IMMEDIATE RELEASE

NRG ENERGY REPORTS SECOND QUARTER EARNINGS OF 28 CENTS PER SHARE

MINNEAPOLIS - (JULY 18, 2000) --- NRG Energy, Inc. (NYSE: NRG) today reported
its financial results for the quarter and six months ended June 30, 2000. These
are the first quarterly results released by the Company since its initial public
offering of common stock that closed on June 5, 2000.
For the quarter ended June 30, 2000, net income was $43.6 million or 28
cents per share, versus $2.3 million or two cents per share on a share-adjusted
basis for the quarter ended June 30, 1999. Revenue for the quarter ended June
30, 2000 was $522.0 million, versus $66.7 million in the same quarter in 1999.
For the six months ending June 30, 2000, net income was $52.3 million
or 35 cents per share, versus $1.4 million or one cent per share on a
share-adjusted basis for the six months ended June 30, 1999. Revenue for the six
months ended June 30, 2000 rose to $845 million from $113.2 million in the first
six months of 1999.
"We have established a strong base of business that will contribute to
our earnings quarter-in and quarter-out and will have potential upside during
periods of market volatility," said David H. Peterson, chairman, president and
CEO of NRG. "We are comfortable that our earnings per share for the year will be
in the 87 to 95 cents per share range, based on year-to-date results and
consistent with analyst consensus estimates for the balance of the year."
NRG's earnings benefited from increased generation capacity due to a
number of newly acquired generation assets. Since June 30, 1999, NRG has
increased its megawatt (MW) ownership interest in generating facilities in
operation from 6,718 MW to 13,380 MW as of June 30, 2000. Additionally, 257 MW
in projects were under construction at the end of the quarter. NRG's total
assets as of June 30, 2000 were $5.5 billion, compared to $2.4 billion as of
June 30, 1999.

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In addition to more generating assets, earnings were affected favorably
by a general increase in fuel prices - primarily for gas and oil - which
contributed to higher market prices for electricity.
Weather-related increases in demand for electricity, particularly in
the northeastern and western United States, contributed to higher than
anticipated earnings for the second quarter 2000. Market conditions and outages
of non-NRG facilities in these regions magnified the favorable weather impacts.
The company expects its most recent acquisitions - the Killingholme A
facility in the United Kingdom and the Louisiana Generating assets in Louisiana
- to meet previously disclosed earnings estimates.
"Our results support NRG's strategy of owning a well-balanced
generation business that is diversified by geographic location, fuel type and
dispatch level," added Peterson. "NRG has been able to respond quickly and
effectively in times of peak energy demand, such as we experienced late in the
quarter."
During the second quarter 2000, NRG completed an initial public
offering of 32,395,500 newly issued common shares at a price of $15 per share,
resulting in gross proceeds to the Company of approximately $485 million. NRG
common shares began trading on the New York Stock Exchange on May 31, 2000. NRG
was formerly a wholly owned subsidiary of Northern States Power Company (NYSE:
NSP), which retains an 82 percent economic interest in NRG.
NRG Energy (www.nrgenergy.com) is a leading global energy company
primarily engaged in the acquisition, development, construction, ownership and
operation of power generation facilities. NRG owns all or a portion of 57 power
generation projects with a total generating capacity of more than 23,000 MW; its
net ownership interest in these projects totals 13,637 MW. NRG Energy's
operations utilize such diverse fuel sources as natural gas, oil, coal and coal
seam methane, biomass, landfill gas, and hydro, as well as refuse derived fuel.
Certain statements included in this news release are forward-looking
statements. They discuss, among other things, expected earnings and future
financial performance. Such forward-looking information involves risks,
uncertainties and assumptions, including, among others, factors affecting power
generation operations such as unusual weather conditions, unscheduled generator
outages, unanticipated changes to fossil fuel supply costs or availability and
environmental incidents, the availability or cost of capital such as changes in
interest rates and perceptions of the power generation industry,

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employee workforce factors and volatility of energy prices in a deregulated
market environment. These risks, uncertainties and assumptions could
significantly affect actual results and, accordingly, such actual results may
differ materially from the anticipated results expressed in any forward-looking
statements. For more information regarding these risks and uncertainties, review
NRG Energy's filings with the Securities and Exchange Commission.

#  #  #

Contacts:  Meredith Moore
Media Relations Manager
NRG Energy, Inc.
612.313.8729
meredith.moore@nrgenergy.com

Dan Dokken
Executive Director, Investor Relations
NRG Energy, Inc.
612.373.5336
dan.dokken@nrgenergy.com

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NRG ENERGY, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2000 AND 1999
UNAUDITED

Three Months Ended        Six Months Ended
June 30,                  June 30,
(Thousands of Dollars, except per share data)                          2000         1999         2000         1999
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OPERATING REVENUES
Revenues from wholly-owned operations                           $ 473,836    $  60,034    $ 806,507    $  97,881
Equity in operating earnings of unconsolidated affiliates          48,173        6,625       38,529       15,292
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Total operating revenues                              522,009       66,659      845,036      113,173
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OPERATING COSTS AND EXPENSES
Cost of wholly-owned operations                                   305,908       41,124      520,831       69,064
Depreciation and amortization                                      30,865        6,291       50,852       11,025
General, administrative, and development                           31,108       16,288       56,288       32,273
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Total operating costs and expenses                   367,881       63,703      627,971      112,362
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OPERATING INCOME                                                    154,128        2,956      217,065          811
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OTHER INCOME (EXPENSE)

Minority interest in earnings of consolidated subsidiary       (2,283)        (691)      (4,081)      (1,155)
Other income, net                                                  34        2,574        1,565        3,308
Interest expense                                              (81,858)     (15,788)    (134,175)     (26,847)
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Total other expense                                (84,107)     (13,905)    (136,691)     (24,694)
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INCOME (LOSS) BEFORE INCOME TAXES                                    70,021      (10,949)      80,374      (23,883)
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INCOME TAX EXPENSE (BENEFIT)                                         26,440      (13,290)      28,047      (25,284)
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NET INCOME                                              $  43,581    $   2,341    $  52,327    $   1,401
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Weighted Average Shares Outstanding - Basic (000)'s                 155,529      147,605      151,567      147,605

Earnings per Share - Basic                                        $    0.28    $    0.02    $    0.35    $    0.01