Reliant Resources Authorizes Stock Repurchase Program

September 18, 2001 by Jeff Shepard

Reliant Resources Inc. (Houston, TX) announced that its board of directors has authorized the company to repurchase up to 10 million shares of common stock periodically over the next 18 months.

Purchases will be made on a discretionary basis in the open market or at times and in amounts as determined by management, subject to market conditions, applicable legal requirements and other factors.