<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------
SCHEDULE 13D
(RULE 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 4
NRG GENERATING (U.S.) INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
628950 10 7
- --------------------------------------------------------------------------------
(CUSIP number)
James J. Bender
Vice President and General Counsel
NRG Energy, Inc.
1221 Nicollet Mall, Suite 700
Minneapolis, MN 55403
(612) 373-5300
- --------------------------------------------------------------------------------
(Name, address and telephone number of person
authorized to receive notices and communications)
August 3, 1998
- --------------------------------------------------------------------------------
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note. Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Page 1 of 4 Pages)
<PAGE> 2
CUSIP NO. 628950 10 7 13D PAGE 2 OF 4 PAGES
----- -----
<TABLE>
====================================================================================================================
<S> <C>
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
NRG ENERGY, INC. I.R.S. IDENTIFICATION NO. 41-1724239
- --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) [ ]
OR 2(E)
- --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 3,254,288
BENEFICIALLY -------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON WITH -------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
3,106,612
-------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON [ ]
3,254,288
- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.60%
- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
This Amendment Number 4 to Schedule 13D is being filed by NRG Energy,
Inc. (the "Reporting Person") to report the receipt by the Reporting
Person of an irrevocable proxy (the "Proxy") granting it the right for a
limited period of time to vote 147,676 shares (the "Shares") of the common
stock, par value $.01 per share (the "Common Stock") of NRG Generating (U.S.)
Inc. (the "Company"). The Reporting Person does not have any agreement to act
together with any person for the purpose of acquiring, holding, voting or
disposing of equity securities of the Company. This Amendment Number 4 hereby
amends and supersedes any aspect of Amendment Number 3 to Schedule 13D filed on
April 14, 1998 indicating otherwise.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Reporting Person's receipt of the Proxy is not contingent upon its
payment of any funds in consideration thereof. The Proxy was issued in
connection with various business arrangements not relating to an agreement to
act together for the purpose of acquiring, holding, voting or disposing of
equity securities of the Company.
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Person obtained the Proxy in order to increase its voting
control over the Company. The Reporting Person intends to review its investment
in the Company on a continuing basis and may, at any time, consistent with the
Reporting Person's obligations under the federal securities laws, determine to
increase or decrease its ownership of shares of the Company's Common Stock
through purchases or sales of such Common Stock in the open market or in
privately negotiated transactions. The Reporting Person's review of its
investment in the Company will depend on various factors, including the
Company's business prospects, other developments concerning the Company, general
economic conditions, money and stock market conditions, and any other facts and
circumstances which may become known to the Reporting Person regarding its
investment in the Company. At the time of filing this Amendment Number 4, the
Reporting Person has no plans to purchase additional shares of Common Stock in
the open market or in privately negotiated transactions.
The Reporting Person has no present plans or proposals which relate to
or would result in (i) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of its subsidiaries,
(ii) a sale or transfer of a material amount of assets of the Company or any of
its subsidiaries, (iii) any change in the board of directors or management of
the Company or any of its subsidiaries, (iv) any material change in the present
capitalization or dividend policy of the Company, (v) any other material change
in the Company's business or corporate structure; (vi) changes in the Company's
charter or bylaws or other actions which may impede the acquisition of control
of the Company by any person, (vii) causing a class of securities of the Company
to be delisted from a national securities exchange or cease to be quoted in an
inter-dealer quotation system of a registered national securities association,
(viii) a class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934 or (ix) any action similar to any of those described above.
However, the Reporting Person retains its rights to modify its plans with
respect to the transactions described in this Item 4, to acquire or dispose of
securities of the Company and to formulate plans and proposals which could
result in the occurrence of any such events, subject to applicable laws and
regulations.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As of the effective date of the Proxy, the Reporting Person has the sole
power to vote 3,254,288 shares of the Company's Common Stock, which represent
47.60% of the 6,836,769 shares of Common Stock reported by the Company as
outstanding as of May 11, 1998, and the Reporting Person has sole dispositive
power over 3,106,612 shares of Common Stock, which represent 45.44% of the
6,836,769 shares of Common Stock reported by the Company as outstanding as of
May 11, 1998.
Except as disclosed in Item 6, the Reporting Person has not effected any
transaction involving shares of Common Stock of the Company during the past 60
days.
(Page 3 of 4 Pages)
<PAGE> 4
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
The Form of Proxy is attached as Exhibit 1 to this Amendment Number 4 to
Schedule 13D, and the terms of the Form of Proxy are hereby incorporated by
reference in answer to this Item.
To the best knowledge of the Reporting Person, except as disclosed in
this Amendment Number 4 to Schedule 13D, there are as of the date of this
Amendment Number 4 no contracts, arrangements, understandings or relationships
(legal or otherwise) between the Reporting Person and any person with respect to
any securities of the Company, including, but not limited to, transfer or voting
of any of the securities of the Company, finder's fees, joint ventures, loan or
option arrangements, puts or calls, guarantees of profits, division of profits
or loss or the giving or withholding of proxies, or a pledge or contingency the
occurrence of which would give another person voting power or investment power
over the Common Stock of the Company (other than standard default and similar
provisions contained in loan agreements).
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1- Form of Proxy to be executed by Halcyon Alchemy Fund, L.P.,
Halcyon Special Situations, L.P., Gryphon Hidden Values
Limited and Gryphon Hidden Values II Limited.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
NRG ENERGY, INC.
Dated: August 3, 1998
/s/ James J. Bender
------------------------------------------
Name: James J. Bender
Title: Vice President and General Counsel
(Page 4 of 4 Pages)
<PAGE> 1
EXHIBIT 1
FORM OF
IRREVOCABLE PROXY AND POWER
__________________ (the "Owner"), the registered and beneficial owner
of ________ shares (such ______ shares and any other shares issued with respect
thereto, the "Shares") of common stock par value $0.01 per share (the "Common
Stock") of NRG Generating (U.S.) Inc. ("NRGG"), hereby makes, constitutes and
appoints NRG Energy, Inc. ("NRG") as proxy, with full power to appoint a nominee
or nominees (NRG and any such nominees, the "Proxyholder"), to act in its sole
discretion hereunder from time to time to vote the Shares at all meetings of
NRGG and at any adjournments thereof or take any action by written consent or by
resolution in writing pursuant to Section 228 of the Delaware General
Corporation Law with the same force and effect as the Owner might or could do.
This Irrevocable Proxy and Power is coupled with an interest, is given
for valuable consideration, is irrevocable by the Owner and shall remain
irrevocable until the earlier of December 31, 1999 or the conclusion of the 1999
Annual Meeting of NRGG. The certificates representing the Shares shall have a
copy of this Proxy attached thereto and shall have endorsed in writing, stamped
or printed, upon the back thereof or affixed on the certificate, the following
legend (or a legend of similar effect) (and, prior to sale, assignment or any
other transfer of the Shares, the Owner shall provide NRG with evidence
reasonably acceptable to NRG that such certificate(s) representing the Shares
have been so legended and this Proxy is attached thereto):
"THE SECURITIES REPRESENTED HEREBY ARE SUBJECT TO AN
IRREVOCABLE PROXY AND POWER DATED AS OF AUGUST ___, 1998 IN
FAVOR OF NRG ENERGY, INC. (THE "PROXYHOLDER"). A COPY OF
THAT PROXY IS ATTACHED HEREWITH AND IS REPRODUCED AS AN
EXHIBIT TO THE SCHEDULE 13D FILED BY THE PROXYHOLDER WITH
THE SECURITIES AND EXCHANGE COMMISSION ON AUGUST __, 1998."
The Owner shall forward to the Proxyholder copies of all notices,
proxies and communications received with respect to the Shares, and take all
reasonable actions necessary to implement this Irrevocable Proxy and Power. The
Owner shall take all required actions to ensure that any purchaser, assignee or
transferee is given full notice that such Shares are subject to this Irrevocable
Proxy and subject to the right of NRG to vote such Shares at all meetings of
NRGG until the earlier of December 31, 1999 or the conclusion of the 1999 Annual
Meeting of NRGG.
<PAGE> 2
IN WITNESS WHEREOF, the Owner has executed this Irrevocable Proxy and
Power as a deed this ___day of August, 1998.
----------------------------------
By:
By:
-------------------------------
Name:
Title:
2
