UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------------------------------------------------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
RELIANT ENERGY, INC.
--------------------
(Name of Issuer)
Common Stock, par value $0.001 per share
------------------------------------------------
(Title of Class of Securities)
75952B105
-------------------------
(CUSIP Number)
Mark Horowitz
General Counsel
Glenview Capital Management, LLC
399 Park Avenue
New York, New York 10022
(212) 812-4700
--------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 8, 2006
-------------------------
(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 that is the subject of this Schedule 13D, and is filing this
statement because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ X ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 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 the
disclosures provided in a prior cover page.
The information required in 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).
Continued on following pages
Page 1 of 15 Pages
Exhibit Index: Page 14
SCHEDULE 13D
CUSIP No.: 75952B105 Page 2 of 15 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL MANAGEMENT, LLC
.................................................................................
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
.................................................................................
3. SEC Use Only
.................................................................................
4. Source of Funds (See Instructions)
WC
.................................................................................
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
[ ]
.................................................................................
6. Citizenship or Place of Organization
Delaware
.................................................................................
Number of 7. Sole Voting Power 28,805,529
Shares
Beneficially Owned ...........................................................
Owned by Each
Reporting 8. Shared Voting Power 0
Person With
...........................................................
9. Sole Dispositive Power 28,805,529
...........................................................
10. Shared Dispositive Power 0
.................................................................................
11. Aggregate Amount Beneficially Owned by Each Reporting Person
28,805,529
.................................................................................
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
[ ]
.................................................................................
13. Percent of Class Represented by Amount in Row (11)
9.5% based on 304,657,370 shares outstanding as of October 25, 2005.
.................................................................................
14. Type of Reporting Person:
OO
SCHEDULE 13D
CUSIP No.: 75952B105 Page 3 of 15 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL GP, LLC
.................................................................................
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
.................................................................................
3. SEC Use Only
.................................................................................
4. Source of Funds (See Instructions)
WC
.................................................................................
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
[ ]
.................................................................................
6. Citizenship or Place of Organization
Delaware
.................................................................................
Number of 7. Sole Voting Power 0
Shares
Beneficially Owned ...........................................................
Owned by Each
Reporting 8. Shared Voting Power 28,805,529
Person With
...........................................................
9. Sole Dispositive Power 0
...........................................................
10. Shared Dispositive Power 28,805,529
.................................................................................
11. Aggregate Amount Beneficially Owned by Each Reporting Person
28,805,529
.................................................................................
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
[ ]
.................................................................................
13. Percent of Class Represented by Amount in Row (11)
9.5% based on 304,657,370 shares outstanding as of October 25, 2005.
.................................................................................
14. Type of Reporting Person:
OO
SCHEDULE 13D
CUSIP No.: 75952B105 Page 4 of 15 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL MASTER FUND, LTD.
.................................................................................
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
.................................................................................
3. SEC Use Only
.................................................................................
4. Source of Funds (See Instructions)
WC
.................................................................................
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
[ ]
.................................................................................
6. Citizenship or Place of Organization
Cayman Islands, British West Indies
.................................................................................
Number of 7. Sole Voting Power 0
Shares
Beneficially Owned ...........................................................
Owned by Each
Reporting 8. Shared Voting Power 16,838,064
Person With
...........................................................
9. Sole Dispositive Power 0
...........................................................
10. Shared Dispositive Power 16,838,064
.................................................................................
11. Aggregate Amount Beneficially Owned by Each Reporting Person
16,838,064
.................................................................................
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
[X]
.................................................................................
13. Percent of Class Represented by Amount in Row (11)
5.5% based on 304,657,370 shares outstanding as of October 25, 2005.
.................................................................................
14. Type of Reporting Person:
CO
SCHEDULE 13D
CUSIP No.: 75952B105 Page 5 of 15 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
LAWRENCE M. ROBBINS
.................................................................................
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
.................................................................................
3. SEC Use Only
.................................................................................
4. Source of Funds (See Instructions)
WC
.................................................................................
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
[ ]
.................................................................................
6. Citizenship or Place of Organization
United States of America
.................................................................................
Number of 7. Sole Voting Power 0
Shares
Beneficially Owned ...........................................................
Owned by Each
Reporting 8. Shared Voting Power 28,805,529
Person With
...........................................................
9. Sole Dispositive Power 0
...........................................................
10. Shared Dispositive Power 28,805,529
.................................................................................
11. Aggregate Amount Beneficially Owned by Each Reporting Person
28,805,529
.................................................................................
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
[ ]
.................................................................................
13. Percent of Class Represented by Amount in Row (11)
9.5% based on 304,657,370 shares outstanding as of October 25, 2005.
.................................................................................
14. Type of Reporting Person:
IA
Page 6 of 15 Pages
This Amendment No. 1 to Schedule 13D relates to shares of Common
Stock, par value $0.001 per share (the "Shares"), of Reliant Energy, Inc. (the
"Issuer"). This Amendment No. 1 supplementally amends the initial statement on
Schedule 13D, dated December 14, 2005 (the "Initial Statement"), filed by the
Reporting Persons (as defined herein). This Amendment No. 1 is being filed by
the Reporting Persons to report that the number of Shares that the Reporting
Persons may be deemed to beneficially own has increased by more than one percent
of the current amount of outstanding Shares, as disclosed in the Issuer's
quarterly report on Form 10-Q filed on November 3, 2006. Capitalized terms used
but not defined herein shall have the meanings ascribed to them in the Initial
Statement. The Initial Statement is supplementally amended as follows.
Item 1 Security and Issuer
This Statement relates to the Shares. The address of the principal
executive office of the Issuer is 1000 Main Street, Houston, Texas 77002.
Item 2 Identity and Background
This Statement is filed on behalf of each of the following persons
(collectively, the "Reporting Persons"):
i) Glenview Capital Management, LLC ("Glenview Capital Management");
ii) Glenview Capital GP, LLC ("Glenview Capital GP");
iii) Glenview Capital Master Fund, Ltd. ("Glenview Capital Master
Fund"); and
iv) Lawrence M. Robbins ("Mr. Robbins").
This Statement relates to the Shares held for the accounts of Glenview
Capital Master Fund, Glenview Capital Partners, L.P., a Delaware limited part-
nership ("Glenview Capital Partners"), Glenview Institutional Partners, L.P.,
a Delaware limited partnership ("Glenview Institutional Partners"), Glenview
Capital Master Fund, Ltd., a Cayman Islands exempted company ("Glenview Capital
Master Fund"), GCM Little Arbor Master Fund, Ltd., a Cayman Islands exempted
company ("GCM Little Arbor Master Fund"), GCM Little Arbor Institutional
Partners, L.P., a Delaware limited partnership ("GCM Little Arbor Institutional
Partners"), and GCM Little Arbor Partners, L.P., a Delaware limited
partnership ("GCM Little Arbor Partners").
Glenview Capital Master Fund is a Cayman Islands exempted company and
the address of its principal business office is Harbour Centre, North Church
Street, P.O. Box 8966T, George Town, Grand Cayman, Cayman Islands, British West
Indies. The principal business of Glenview Capital Master Fund is serve as an
investment fund under the direction of its investment manager, Glenview Capital
Management. The sponsor of the Glenview Capital Master Fund is Glenview Capital
GP. In such capacities, Glenview Capital Management and Glenview Capital GP may
be deemed to have voting and dispositive power over the Shares held for the
account of Glenview Capital Master Fund. The Chief Executive Officer of
Glenview Capital Management and Glenview Capital GP is Mr. Robbins.
During the past five years, none of the Reporting Persons and, to the
best of the Reporting Persons' knowledge, no other person identified in response
to this Item 2 has been (a) convicted in a criminal proceeding or (b) a party to
any civil proceeding as a result of which it has been subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws, or finding
any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
Since December 14, 2005 (the date of filing of the Initial Statement),
all Shares acquired by the Reporting Persons (the "Subsequent Share
Acquisitions") were acquired for the accounts of Glenview Capital Partners,
Glenview Institutional Partners, Glenview Capital Master Fund, GCM Little
Arbor Master Fund, GCM Little Arbor Institutional Partners, and GCM Little
Arbor Partners. The source of funds for the Subsequent Share Acquisitions was
the working capital of these accounts. The total purchase price for the
Subsequent Share Acquisitions was approximately $71,939,357.56. Neither Mr.
Robbins, Glenview Capital Management nor Glenview Capital GP directly own any
Shares. As disclosed herein, however, Glenview Capital Master Fund may be
deemed to beneficially own 16,838,064 Shares.
Page 7 of 15 Pages
Item 5 Interest in Securities of the Issuer
According to information filed by the Issuer with the Securities and
Exchange Commission in its most recent quarterly report on Form 10-Q, the number
of Shares outstanding was 304,657,370 as of October 25, 2005.
(a) (i) Each of Glenview Capital Management, Glenview Capital GP
and Mr. Robbins may be deemed the beneficial owner of 28,805,529 Shares
(approximately 9.5% of the total number of Shares outstanding). This amount
consists of (A) 1,448,735 Shares held for the account of Glenview Capital
Partners, (B) 16,838,064 Shares held for the account of Glenview Capital Master
Fund, (C) 8,098,201 Shares held for the account of Glenview Institutional
Partners, (D) 1,891,539 Shares held for the account of GCM Little Arbor Master
Fund, (E) 497,712 Shares held for the account of GCM Little Arbor Institutional
Partners, and (F) 31,278 Shares held for the account of GCM Little Arbor
Partners.
(ii) Glenview Capital Master Fund may be deemed the beneficial
owner of the 16,838,064 Shares (approximately 5.5% of the total number of Shares
outstanding) held for its account.
(b) (i) Glenview Capital Management may be deemed to have sole power
to direct the voting and disposition of the 28,805,529 Shares that they may be
deemed to beneficially own as set forth above.
(ii) Each of Glenview Capital GP and Mr. Robbins may be deemed to
have shared power to direct the voting and disposition of the 28,805,529
Shares that Glenview Capital Management may be deemed to beneficially own as set
forth above.
(iii) Glenview Capital Master Fund may be deemed to have shared
power to direct the voting and disposition of the 16,838,064 Shares that it may
be deemed to beneficially own as set forth above.
(c) Except for the transactions listed on Annex A hereto, all of which
were effected in the over-the-counter market in routine brokerage transactions,
there have been no transactions with respect to the Shares since December 14,
2005 (the date of filing of the Initial Statement) by any of the Reporting
Persons.
(d) Not applicable.
(e) Not applicable.
Item 7 Material to be filed as Exhibits.
The Exhibit Index is incorporated herein by reference.
Page 8 of 15 Pages
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Date: February 10, 2006 GLENVIEW CAPITAL MANAGEMENT, LLC
By: /s/ Lawrence M. Robbins
-------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: February 10, 2006 GLENVIEW CAPITAL GP, LLC
By: /s/ Lawrence M. Robbins
-------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: February 10, 2006 GLENVIEW CAPITAL MASTER FUND, LTD.
By: Glenview Capital Management, LLC,
As Investment Manager
By: /s/ Lawrence M. Robbins
-------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: February 10, 2006 LAWRENCE M. ROBBINS
/s/ Lawrence M. Robbins
--------------------------------------
Page 9 of 15 Pages
ANNEX A
RECENT TRANSACTIONS IN THE SECURITIES OF
RELIANT ENERGY, INC.
A. Transactions for the account of Glenview Capital Partners, L.P. since
12/14/05.
--------------------------------------------------------------------------------
Date of Transaction Nature of Transaction Number of Shares Price per Share
--------------------------------------------------------------------------------
12/29/05 PURCHASE 7,600 $10.02
--------------------------------------------------------------------------------
12/29/05 PURCHASE 11,500 $10.06
-------------------------------------------------------------------------------
12/29/05 PURCHASE 5,900 $10.08
--------------------------------------------------------------------------------
12/29/05 PURCHASE 9,300 $10.15
--------------------------------------------------------------------------------
12/29/05 PURCHASE 34,400 $10.17
--------------------------------------------------------------------------------
12/30/05 PURCHASE 100 $10.15
--------------------------------------------------------------------------------
1/03/06 PURCHASE 2,900 $10.29
--------------------------------------------------------------------------------
1/03/06 PURCHASE 11,000 $10.30
--------------------------------------------------------------------------------
1/03/06 PURCHASE 6,900 $10.30
--------------------------------------------------------------------------------
1/03/06 PURCHASE 6,900 $10.30
--------------------------------------------------------------------------------
1/03/06 SALE 524,190 $10.32
--------------------------------------------------------------------------------
1/06/06 PURCHASE 7,700 $10.10
--------------------------------------------------------------------------------
1/06/06 PURCHASE 8,300 $10.10
--------------------------------------------------------------------------------
1/06/06 PURCHASE 13,800 $10.10
--------------------------------------------------------------------------------
1/06/06 PURCHASE 13,800 $10.10
--------------------------------------------------------------------------------
1/31/06 SALE 6,954 $10.12
--------------------------------------------------------------------------------
2/03/06 PURCHASE 8,400 $10.10
--------------------------------------------------------------------------------
2/03/06 PURCHASE 700 $10.11
--------------------------------------------------------------------------------
2/03/06 PURCHASE 15,100 $10.11
--------------------------------------------------------------------------------
2/06/06 PURCHASE 2,500 $10.34
--------------------------------------------------------------------------------
2/08/06 PURCHASE 39,300 $10.23
--------------------------------------------------------------------------------
2/08/06 PURCHASE 400 $10.29
--------------------------------------------------------------------------------
2/08/06 PURCHASE 1,200 $10.30
--------------------------------------------------------------------------------
2/08/06 PURCHASE 18,700 $10.30
--------------------------------------------------------------------------------
2/08/06 PURCHASE 5,900 $10.31
--------------------------------------------------------------------------------
2/08/06 PURCHASE 18,700 $10.35
--------------------------------------------------------------------------------
2/08/06 PURCHASE 400 $10.36
--------------------------------------------------------------------------------
2/08/06 PURCHASE 39,800 $10.39
--------------------------------------------------------------------------------
2/09/06 PURCHASE 1,000 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 2,300 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 5,900 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 11,400 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 20,500 $10.25
--------------------------------------------------------------------------------
Page 10 of 15 Pages
B. Transactions for the account of Glenview Institutional Partners, L.P. since
12/14/05.
--------------------------------------------------------------------------------
Date of Transaction Nature of Transaction Number of Shares Price per Share
--------------------------------------------- ----------------------------------
12/29/05 PURCHASE 30,600 $10.02
--------------------------------------------------------------------------------
12/29/05 PURCHASE 46,500 $10.06
--------------------------------------------------------------------------------
12/29/05 PURCHASE 23,900 $10.08
--------------------------------------------------------------------------------
12/29/05 PURCHASE 37,600 $10.15
--------------------------------------------------------------------------------
12/29/05 PURCHASE 138,400 $10.17
--------------------------------------------------------------------------------
12/30/05 PURCHASE 400 $10.15
--------------------------------------------------------------------------------
1/03/06 PURCHASE 16,000 $10.29
--------------------------------------------------------------------------------
1/03/06 PURCHASE 100 $10.30
--------------------------------------------------------------------------------
1/03/06 PURCHASE 61,600 $10.30
--------------------------------------------------------------------------------
1/03/06 PURCHASE 38,700 $10.30
--------------------------------------------------------------------------------
1/03/06 PURCHASE 39,000 $10.30
--------------------------------------------------------------------------------
1/03/06 SALE 215,388 $10.32
--------------------------------------------------------------------------------
1/06/06 PURCHASE 43,300 $10.10
--------------------------------------------------------------------------------
1/06/06 PURCHASE 46,400 $10.10
--------------------------------------------------------------------------------
1/06/06 PURCHASE 77,300 $10.10
--------------------------------------------------------------------------------
1/06/06 PURCHASE 77,300 $10.10
--------------------------------------------------------------------------------
1/31/06 SALE 63,215 $10.12
--------------------------------------------------------------------------------
2/03/06 PURCHASE 46,800 $10.10
--------------------------------------------------------------------------------
2/03/06 PURCHASE 3,900 $10.11
--------------------------------------------------------------------------------
2/03/06 PURCHASE 84,500 $10.11
--------------------------------------------------------------------------------
2/06/06 PURCHASE 13,800 $10.34
--------------------------------------------------------------------------------
2/08/06 PURCHASE 219,900 $10.23
--------------------------------------------------------------------------------
2/08/06 PURCHASE 2,000 $10.29
--------------------------------------------------------------------------------
2/08/06 PURCHASE 6,500 $10.30
--------------------------------------------------------------------------------
2/08/06 PURCHASE 104,700 $10.30
--------------------------------------------------------------------------------
2/08/06 PURCHASE 32,700 $10.31
--------------------------------------------------------------------------------
2/08/06 PURCHASE 104,700 $10.35
--------------------------------------------------------------------------------
2/08/06 PURCHASE 2,400 $10.36
--------------------------------------------------------------------------------
2/08/06 PURCHASE 222,500 $10.39
--------------------------------------------------------------------------------
2/09/06 PURCHASE 5,300 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 12,700 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 33,100 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 63,700 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 114,600 $10.25
--------------------------------------------------------------------------------
Page 11 of 15 Pages
C. Transactions for the account of Glenview Capital Master Fund, Ltd. since
12/14/05.
--------------------------------------------------------------------------------
Date of Transaction Nature of Transaction Number of Shares Price per Share
--------------------------------------------------------------------------------
12/29/05 PURCHASE 57,900 $10.02
--------------------------------------------------------------------------------
12/29/05 PURCHASE 88,000 $10.06
--------------------------------------------------------------------------------
12/29/05 PURCHASE 45,200 $10.08
--------------------------------------------------------------------------------
12/29/05 PURCHASE 71,400 $10.15
--------------------------------------------------------------------------------
12/29/05 PURCHASE 262,200 $10.17
--------------------------------------------------------------------------------
12/30/05 PURCHASE 700 $10.15
--------------------------------------------------------------------------------
1/03/06 PURCHASE 32,800 $10.29
--------------------------------------------------------------------------------
1/03/06 PURCHASE 300 $10.30
--------------------------------------------------------------------------------
1/03/06 PURCHASE 126,400 $10.30
--------------------------------------------------------------------------------
1/03/06 PURCHASE 79,400 $10.30
--------------------------------------------------------------------------------
1/03/06 PURCHASE 80,000 $10.30
--------------------------------------------------------------------------------
1/03/06 PURCHASE 739,578 $10.32
--------------------------------------------------------------------------------
1/06/06 PURCHASE 89,000 $10.10
--------------------------------------------------------------------------------
1/06/06 PURCHASE 95,300 $10.10
--------------------------------------------------------------------------------
1/06/06 PURCHASE 158,900 $10.10
--------------------------------------------------------------------------------
1/06/06 PURCHASE 158,900 $10.10
--------------------------------------------------------------------------------
1/31/06 PURCHASE 70,169 $10.12
--------------------------------------------------------------------------------
2/03/06 PURCHASE 97,300 $10.10
--------------------------------------------------------------------------------
2/03/06 PURCHASE 8,000 $10.11
--------------------------------------------------------------------------------
2/03/06 PURCHASE 175,400 $10.11
--------------------------------------------------------------------------------
2/06/06 PURCHASE 28,600 $10.34
--------------------------------------------------------------------------------
2/08/06 PURCHASE 454,200 $10.23
--------------------------------------------------------------------------------
2/08/06 PURCHASE 4,300 $10.29
--------------------------------------------------------------------------------
2/08/06 PURCHASE 13,600 $10.30
--------------------------------------------------------------------------------
2/08/06 PURCHASE 216,200 $10.30
--------------------------------------------------------------------------------
2/08/06 PURCHASE 67,600 $10.31
--------------------------------------------------------------------------------
2/08/06 PURCHASE 216,200 $10.35
--------------------------------------------------------------------------------
2/08/06 PURCHASE 4,800 $10.36
--------------------------------------------------------------------------------
2/08/06 PURCHASE 459,400 $10.39
--------------------------------------------------------------------------------
2/09/06 PURCHASE 11,200 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 26,400 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 68,800 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 132,200 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 238,000 $10.25
--------------------------------------------------------------------------------
Page 12 of 15 Pages
D. Transactions for the account of GCM Little Arbor Partners, L.P. in since
12/14/05.
--------------------------------------------------------------------------------
Date of Transaction Nature of Transaction Number of Shares Price per Share
--------------------------------------------------------------------------------
12/30/05 SALE 1,363 $10.32
--------------------------------------------------------------------------------
1/31/06 SALE 665 $10.12
--------------------------------------------------------------------------------
2/08/06 PURCHASE 1,600 $10.23
--------------------------------------------------------------------------------
2/08/06 PURCHASE 800 $10.30
--------------------------------------------------------------------------------
2/08/06 PURCHASE 200 $10.31
--------------------------------------------------------------------------------
2/08/06 PURCHASE 800 $10.35
--------------------------------------------------------------------------------
2/08/06 PURCHASE 1,700 $10.39
--------------------------------------------------------------------------------
2/09/06 PURCHASE 100 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 300 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 600 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 1,000 $10.25
--------------------------------------------------------------------------------
E. Transactions for the account of GCM Little Arbor Master Fund, Ltd. since
12/14/05.
--------------------------------------------------------------------------------
Date of Transaction Nature of Transaction Number of Shares Price per Share
--------------------------------------------------------------------------------
12/30/05 PURCHASE 5,139 $10.32
--------------------------------------------------------------------------------
1/31/06 PURCHASE 1,907 $10.12
--------------------------------------------------------------------------------
2/08/06 PURCHASE 99,000 $10.23
--------------------------------------------------------------------------------
2/08/06 PURCHASE 900 $10.29
--------------------------------------------------------------------------------
2/08/06 PURCHASE 2,900 $10.30
--------------------------------------------------------------------------------
2/08/06 PURCHASE 47,200 $10.30
--------------------------------------------------------------------------------
2/08/06 PURCHASE 14,700 $10.31
--------------------------------------------------------------------------------
2/08/06 PURCHASE 47,200 $10.35
--------------------------------------------------------------------------------
2/08/06 PURCHASE 1,100 $10.36
--------------------------------------------------------------------------------
2/08/06 PURCHASE 100,200 $10.39
--------------------------------------------------------------------------------
2/09/06 PURCHASE 2,800 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 6,700 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 17,300 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 33,300 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 60,000 $10.25
--------------------------------------------------------------------------------
Page 13 of 15 Pages
F. Transactions for the account of GCM Little Arbor Institutional Partners,
L.P. since 12/14/05.
--------------------------------------------------------------------------------
Date of Transaction Nature of Transaction Number of Shares Price per Share
--------------------------------------------------------------------------------
12/30/05 SALE 3,776 $10.32
--------------------------------------------------------------------------------
1/31/06 SALE 1,242 $10.12
--------------------------------------------------------------------------------
2/08/06 PURCHASE 26,000 $10.23
--------------------------------------------------------------------------------
2/08/06 PURCHASE 200 $10.29
--------------------------------------------------------------------------------
2/08/06 PURCHASE 800 $10.30
--------------------------------------------------------------------------------
2/08/06 PURCHASE 12,400 $10.30
--------------------------------------------------------------------------------
2/08/06 PURCHASE 3,900 $10.31
--------------------------------------------------------------------------------
2/08/06 PURCHASE 12,400 $10.35
--------------------------------------------------------------------------------
2/08/06 PURCHASE 300 $10.36
--------------------------------------------------------------------------------
2/08/06 PURCHASE 26,400 $10.39
--------------------------------------------------------------------------------
2/09/06 PURCHASE 700 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 1,800 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 4,600 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 8,800 $10.25
--------------------------------------------------------------------------------
2/09/06 PURCHASE 15,800 $10.25
--------------------------------------------------------------------------------
Page 14 of 15 Pages
EXHIBIT INDEX
Ex. Page No.
--- --------
B. Joint Filing Agreement, dated February 10, 2006 by and among
Glenview Capital Management, LLC, Glenview Capital GP, LLC,
Glenview Capital Master Fund, Ltd., and Lawrence M. Robbins 15
Page 15 of 15 Pages
EXHIBIT B
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13D,
Amendment No. 1, with respect to the common stock of Reliant Energy, Inc. dated
as of February 9, 2006 is, and any amendments thereto (including amendments on
Schedule 13G) signed by each of the undersigned shall be, filed on behalf of
each of us pursuant to and in accordance with the provisions of Rule 13d-1(k)
under the Securities Exchange Act of 1934, as amended.
Date: February 10, 2006 GLENVIEW CAPITAL MANAGEMENT, LLC
By: /s/ Lawrence M. Robbins
-------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: February 10, 2006 GLENVIEW CAPITAL GP, LLC
By: /s/ Lawrence M. Robbins
-------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: February 10, 2006 GLENVIEW CAPITAL MASTER FUND, LTD.
By: Glenview Capital Management, LLC
As Investment Manager
By: /s/ Lawrence M. Robbins
-------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: February 10, 2006 LAWRENCE M. ROBBINS
/s/ Lawrence M. Robbins
--------------------------------------