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                                EXHIBIT 11.0
                                      
                         NRG Generating (U. S.) INC.
                  Computation of Earnings Per Common Share
              (Dollars in thousands, except per share amounts)

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                                                 Three Months Ended           Six Months Ended
                                               June 30,       June 30,      June 30,     June 30,
                                                 1997           1996          1997         1996
<S>                                         <C>            <C>           <C>          <C>
Net income (loss) applicable to                                                                     
  common shares:                                                                                    
    Net income (loss)                       $       471    $   (11,711)  $     4,558  $   (16,638)
                                                                                                    
Primary:                                                                                            
  Shares for common and common share                                                                
  equivalent earnings (loss) per share (1):                                                         
    Weighted average number of                                                                      
      common shares outstanding               6,440,514      5,518,562     6,440,514    4,615,109
    Dilutive effect of outstanding                                                                  
      stock options and warrants                204,438              0       193,286            0
                                                                                                    
                                              6,644,952      5,518,562     6,633,800    4,615,109
                                                                                                    
Net income (loss) per common share                                                                  
  and common share equivalents              $      0.07    $     (2.12)  $      0.69  $     (3.61)
                                                                                                    
Fully Diluted:                                                                                      
  Shares for common and common share                                                                
  equivalent earnings (loss) per share (2):                                                         
    Weighted average number of                                                                      
      common shares outstanding               6,440,514      5,518,562     6,440,514    4,615,109
    Dilutive effect of outstanding                                                                  
      stock options and warrants                215,717              0       211,124            0
                                                                                                    
                                              6,656,231      5,518,562     6,651,638    4,615,109
                                                                                                    
Net income (loss) per common share                                                                  
  and common share equivalents              $      0.07    $     (2.12)  $      0.69  $     (3.61)

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(1) Outstanding  stock  options, warrants, and  shares  issuable  under
    employee  stock  purchase  plans  are  converted  to  common  share
    equivalents  by the treasury stock method using the average  market
    price of the Company's shares during each period.

(2) Outstanding  stock options,  warrants, and  shares  issuable  under
    employee  stock  purchase  plans  are  converted  to  common  share
    equivalents by the treasury stock method using the  greater of  the
    average  market  price  or  the  period-end  market  price  of  the
    Company's shares during each period.

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