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NRG ENERGY, INC.

For the period ended Dec 31, 2025. Filed Feb 24, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 24, 2026

NRG$97.40+10.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Item 2. — Properties

Listed below are descriptions of NRG's interests in facilities, operations and/or projects owned as of December 31, 2025. The rated MW capacity figures provided represent nominal summer MW capacity of power generated. Net MW capacity is adjusted for the Company's owned interest as of December 31, 2025. The Company believes its existing facilities, operations and/or projects are suitable for the conduct of its business and sufficient to support its current operations. The following table summarizes NRG's power production and cogeneration facilities by region:

Name of Facility · Power Market · Plant Type · Primary Fuel · Location · Rated MW Capacity(a) · Net MW Capacity(b) · % Owned
Texas
Cedar BayouERCOTFossilNatural GasTX1,4951,495100.0
Cedar Bayou 4ERCOTFossilNatural GasTX50425250.0
ChamonERCOTFossilNatural GasTX9292100.0
Greens BayouERCOTFossilNatural GasTX327327100.0
LimestoneERCOTFossilCoalTX1,6881,688100.0
Port ComfortERCOTFossilNatural GasTX8484100.0
San JacintoERCOTFossilNatural GasTX160160100.0
SJRRERCOTFossilNatural GasTX9090100.0
Texas Gulf Sulphur (Wharton)ERCOTFossilNatural GasTX7575100.0
T.H. WhartonERCOTFossilNatural GasTX1,0021,002100.0
VictoriaERCOTFossilNatural GasTX288288100.0
Victoria Port IIERCOTFossilNatural GasTX8686100.0
W.A. ParishERCOTFossilCoalTX2,5142,514100.0
W.A. ParishERCOTFossilNatural GasTX1,1181,118100.0
Total Texas9,5239,271
East
Chalk PointPJMFossilNatural GasMD8080100.0
FiskPJMFossilOilIL171171100.0
Indian RiverPJMFossilOilDE1616100.0
Powerton(c)PJMFossilCoalIL1,5381,538100.0
ViennaPJMFossilOilMD167167100.0
WaukeganPJMFossilOilIL101101100.0
Total East2,0732,073
West/Other
GladstoneFossilCoalAUS1,61360537.5
Ivanpah(d)CAISORenewableSolarCA38521054.5
Midway-SunsetCAISOFossilNatural GasCA22611350.0
Stadiums and OtherRenewableSolarvarious44100.0
Total West/Other2,228932
Total Fleet13,82412,276

(a)MW capacity of the facility without taking into account NRG ownership percentage

(b)Actual capacity, adjusted for ownership interest, can vary depending on factors including weather conditions, operational conditions, and other factors. Additionally, ERCOT and PJM require periodic demonstration of capability, and the capacity may vary individually and in the aggregate from time to time

(c)Powerton is projected to close by December 31, 2029 to comply with environmental requirements

(d)On January 17, 2025, PG&E filed an advice letter to the CPUC seeking approval of a termination agreement between the utility and Solar Partners II, LLC and Solar Partners VIII, LLC, which include NRG’s ownership interests. On December 4, 2025, the CPUC rejected the contract termination agreement

NRG owns several real properties and facilities related to its generation assets, interest in construction projects, other vacant real property unrelated to its generation assets, and properties not used for operational purposes. NRG believes it has satisfactory title to its plants and facilities in accordance with standards generally accepted in the electric power industry, subject to exceptions that, in the Company's opinion, would not have a material adverse effect on the use or value of its portfolio.

NRG leases its operational and corporate headquarters in Houston, Texas, its financial and commercial corporate offices in Princeton, New Jersey, its smart home corporate offices in Provo and Lehi, Utah, as well as its retail operations offices, smart home monitoring stations, call centers, warehouses and various other office space.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.