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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 3 )

Reliant Energy, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

75952B105

(CUSIP Number)

December 31, 2006

(Date of Event Which Requires Filing of this Statement)
 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[]Rule 13d-1(b)
[X]Rule 13d-1(c)
[]Rule 13d-1(d)

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).

CUSIP No. 75952B105

Person 1
 1. (a) Names of Reporting Persons.
Orbis Investment Management Limited, Orbis Asset Management Limited
  (b) Tax ID

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) [X]
  (b) []

 3. SEC Use Only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 4. Citizenship or Place of Organization   The Reporting Persons are companies organized under the laws of Bermuda

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power  24,403,924

6.  Shared Voting Power 416,176

7. Sole Dispositive Power 24,820,100

8. Shared Dispositive Power not applicable


9. Aggregate Amount Beneficially Owned by Each Reporting Person Orbis Investment Management Limited 24,546,150; Orbis Asset Management Limited 273,950


10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)


11. Percent of Class Represented by Amount in Row (9)  8.05 %


12. Type of Reporting Person (See Instructions)

IA

Item 1.
  (a) Name of Issuer
Reliant Energy, Inc.
  (b) Address of Issuer's Principal Executive Offices
   1000 Main Street, Houston, Texas 77002 USA
Item 2.
 (a) Name of Person Filing
Orbis Investment Management Limited, Orbis Asset Management Limited
 (b) Address of Principal Business Office or, if none, Residence
34 Bermudiana Road, Hamilton HM 11, Bermuda
  (c) Citizenship
The Reporting Persons are companies organized under the laws of Bermuda
  (d) Title of Class of Securities
Common Stock, par value $0.001 per share
  (e)CUSIP Number
75952B105
 
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c).
 (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
 (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
 (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
 (e) [] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
 (f) [] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);
 (g) [] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);
 (h) [] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 (i) [] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 (j) [] Group, in accordance with 240.13d-1(b)(1)(ii)(J).
 
Item 4.Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 (a) Amount beneficially owned:  Orbis Investment Management Limited 24,546,150; Orbis Asset Management Limited 273,950
 (b) Percent of class:  8.05%
 (c)Number of shares as to which the person has:
  (i) Sole power to vote or to direct the vote 24,403,924
 (ii) Shared power to vote or to direct the vote  416,176
   (iii) Sole power to dispose or to direct the disposition of 24,820,100
  (iv) Shared power to dispose or to direct the disposition of not applicable
 
Item 5.Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.[ ].
 
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Other persons have the right to receive and the power to direct the receipt of dividends from, or the proceeds from the sale of the 24,546,150 common stock, par value of Reliant Energy, Inc. beneficially owned by Orbis Investment Management Limited. Another person has the right to receive and the power to direct the receipt of dividends from, or the proceeds from the sale of, the 273,950 common stock, par value of Reliant Energy, Inc. beneficially owned by Orbis Asset Management Limited.
Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
not applicable
Item 8.Identification and Classification of Members of the Group
Orbis Investment Management Limited ("OIML") and Orbis Asset Management Limited ("OAML") are together making this filing because they may be deemed to constitute a "group" for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. Information with respect to each of OIML and OAML (collectively, the "Reporting Persons") is given solely by each such Reporting Person and no Reporting Person has responsibility for the accuracy or completeness of information supplied by the other Reporting Person. OIML is the beneficial owner of 24,546,150 shares or 7.95 of the 308,488,768 common stock, par value of Reliant Energy, Inc. believed to be outstanding. OAML is the beneficial owner of 273,950 shares or 0.1 % of the 308,488,768 common stock, par value of Reliant Energy, Inc. believed to be outstanding.
Item 9.Notice of Dissolution of Group
not applicable
Item 10.Certification
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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.

February 14, 2007
Date
ORBIS INVESTMENT MANAGEMENT LIMITED, ORBIS ASSET MANAGEMENT LIMITED by
Signature
James J. Dorr, General Counsel
Name/Title

 

 

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations
(See 18 U.S.C. 1001)

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