ADDED
CONE Cost of New Entry Convertible Senior Notes NRG s unsecured 2.750% Convertible Senior Notes due 2048, which were redeemed on July 8, 2025 Cottonwood Cottonwood Generating Station, a 1,139 MW natural gas-fueled plant.
NRG leased and operated the plant through May 2025 CPP Clean Power Plan CPUC California Public Utilities Commission D.C.
Court of Appeals for the District of Columbia Circuit DOJ U.S.
Department of Justice DSI Dry Sorbent Injection DSU Deferred Stock Unit Dth Dekatherms Dual fuel customers Customer that have both electricity and natural gas service with the Company Economic gross margin Sum of retail revenue, energy revenue, capacity revenue and other revenue, less cost of fuels, purchased energy and other cost of sales EGU Electric Generating Unit ELG Effluent Limitations Guidelines which are EPA regulations issued under the federal Clean Water Act EPA U.S.
Ivanpah Ivanpah Solar Electric Generation Station, a 385 MW solar thermal power plant located in California's Mojave Desert in which NRG owns 54.5% interest kWh Kilowatt-hours LSEs Load Serving Entities LS Power LS Power Equity Advisors, LLC LSP Portfolio The acquisition of a portfolio of natural gas and dual fuel generation and other assets from LS Power LTIPs Collectively, the NRG LTIP and the Vivint LTIP MDth Thousand Dekatherms Midwest Generation Midwest Generation, LLC MISO Midcontinent Independent System Operator, Inc.
NRG closed on the sale of its interest in STP on November 1, 2023 STPNOC South Texas Project Nuclear Operating Company TCJA The Tax Cuts and Jobs Act of 2017 TDSP Transmission/distribution service provider TEF Texas Energy Fund Texas Generation Portfolio The acquisition of a portfolio of power generation facilities and other assets from Rockland Capital, LLC Texas Genco Texas Genco LLC T.H.
Wharton generation facility includes a 1,002 MW natural gas-fueled plant, which is currently operational, and an additional 415 MW natural gas-fueled peaker plant, which is currently under construction TSR Total Shareholder Return TWh Terawatt Hour U.S.
Long-Term Incentive Plan), assumed by NRG pursuant to merger between NRG and Vivint Winter Storm Uri A major winter and ice storm that had widespread impacts across North America occurring in February 2021 6 PART I Item 1 Business General NRG Energy, Inc., or NRG or the Company, serves electricity, natural gas, and smart-home technology solutions to approximately 8 million residential customers (comprised of 6 million retail energy and 2 million smart home), in addition to large commercial and industrial, data center, and wholesale customers.
Across North America, NRG is redefining customers experience with energy under brand names such as NRG, Reliant, Direct Energy, Green Mountain Energy, and Vivint.
As of December 31, 2025, the Company s core power and natural gas business consists of approximately 12 GW of competitive power generation, primarily in Texas, and a natural gas portfolio that serves approximately 1,900 MMDth annually.
REMOVED
CONE Cost of New Entry Convertible Senior Notes As of December 31, 2024, consists of NRG s $232 million unsecured 2.750% Convertible Senior Notes due 2048 Cottonwood Cottonwood Generating Station, a 1,139 MW natural gas-fueled plant CPP Clean Power Plan CPUC California Public Utilities Commission D.C.
Court of Appeals for the District of Columbia Circuit DSI Dry Sorbent Injection DSU Deferred Stock Unit Dth Dekatherms Dual fuel customers Customer that have both electricity and natural gas service with the Company Economic gross margin Sum of retail revenue, energy revenue, capacity revenue and other revenue, less cost of fuels, purchased energy and other cost of sales ELG Effluent Limitations Guidelines which are EPA regulations issued under the federal Clean Water Act EPA U.S.
Ivanpah Ivanpah Solar Electric Generation Station, a 385 MW solar thermal power plant located in California's Mojave Desert in which NRG owns 54.5% interest kWh Kilowatt-hours LSEs Load Serving Entities LTIPs Collectively, the NRG LTIP and the Vivint LTIP MDth Thousand Dekatherms Midwest Generation Midwest Generation, LLC MISO Midcontinent Independent System Operator, Inc.
NRG closed on the sale of its interest in STP on November 1, 2023 STPNOC South Texas Project Nuclear Operating Company Tax Act The Tax Cuts and Jobs Act of 2017 TDSP Transmission/distribution service provider Texas Genco Texas Genco LLC TSR Total Shareholder Return TWh Terawatt Hour U.S.
Long-Term Incentive Plan), assumed by NRG pursuant to merger between NRG and Vivint Winter Storm Elliott A major winter storm that had impacts across the majority of the United States and parts of Canada occurring in December 2022 Winter Storm Uri A major winter and ice storm that had widespread impacts across North America occurring in February 2021 6 PART I Item 1 Business General NRG Energy, Inc., or NRG or the Company, is a leading energy and smart home company fueled by market-leading brands, proprietary technologies and complementary sales channels.
and Canada, NRG delivers innovative, sustainable solutions, predominately under brand names such as NRG, Reliant, Direct Energy, Green Mountain Energy and Vivint, while also advocating for competitive energy markets and customer choice.
The Company has a customer base that includes approximately 8 million residential customers (comprised of 6 million retail energy customers and 2 million smart home customers) in addition to commercial, industrial, and wholesale customers, supported by approximately 13 GW of generation as of December 31, 2024.
NRG sold 154 TWhs of electricity and 1,833 MMDth of natural gas in 2024, making it one of the largest competitive energy retailers in the U.S.
NRG's retail brands, collectively, have the largest share of competitively served residential electric customers in Texas and is one of the largest business-to-business providers of power and natural gas in North America, including to manufacturing, industrial, and data center facilities.
Strategy NRG's strategy is to maximize shareholder value by being a leader in the emerging convergence of energy and smart automation in the home and business.