reliant split two publicly traded companies news briefs reliant energy plans form two public companies reliant energy said plans file texas public utility commission business separation plan would divide two publicly traded companies separate unregulated businesses regulated businesses company plans initial public offering approximately 20 common stock unregulated operations late year early 2001 assuming market conditions remain favorable company expects ipo followed distribution shareholders remaining stock unregulated company within 12 months remaining businesses predominately regulated structured holding company unregulated company reliant energy unregulated power generation related energy trading marketing operations unregulated retail businesses currently include energy telecommunications internet services company european electric generating trading marketing operations plan also contemplates 2004 unregulated company receive regulated company cash equal market value regulated company interest texas regulated generation operations addition unregulated company option purchase regulated company interest operations price equal market value regulated company include reliant energy electricity natural gas companies serve four million customers u include reliant energy hl p entex reliant energy arkla reliant energy entex reliant energy minnegasco operations entity include u interstate pipelines interests latin america initially texas regulated generation