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                             Exhibit 11

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

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<CAPTION>
                                                           Three Months Ended
                                                       March 31,        March 31,
                                                         1997             1996
<S>                                               <C>              <C>              
Net income (loss) applicable to                                                   
  common shares:                                                                  
    Net income (loss)                              $        4,087   $       (4,927)
                                                                                  
Primary:                                                                          
  Shares for common and common share                                              
  equivalent earnings (loss) per share (1):                                       
    Weighted average number of                                                    
      common shares outstanding                         6,440,514        3,711,657
    Dilutive effect of outstanding                                                
      stock options and warrants                          183,844                0
                                                                                  
                                                        6,624,358        3,711,657
                                                                                  
Net income (loss) per common share                                                
  and common share equivalents                     $         0.62   $        (1.33)
                                                                                  
Fully Diluted:                                                                    
  Shares for common and common share                                              
  equivalent earnings (loss) per share (2):                                       
    Weighted average number of                                                    
      common shares outstanding                         6,440,514        3,711,657
    Dilutive effect of outstanding                                                
      stock options and warrants                          183,844                0
                                                                                  
                                                        6,624,358        3,711,657
                                                                                  
Net income (loss) per common share                                                
  and common share equivalents                     $         0.62   $        (1.33)

<FN>
(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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