NRG · 10-Q · 2026Q2 · Full report

Integrated Supply Strategy

NRG ENERGY, INC. · 2026-08-04 · Importance 31 · Surprise 42

NRG’s integrated model aligns owned generation with retail load, allowing the company to supply a portion of retail customers from its own assets rather than relying on external institutions and intermediaries. The model was already established in Texas and was expanded to the East in early 2026 following integration of the LSP portfolio. NRG expects the approach to support more stable earnings and cash flows, lower transaction costs and credit exposure, and reduce actual and contingent collateral requirements.

Key facts

• In the Texas segment, cost of purchased energy and other cost of sales included $859 million of TDSP expense for the three months ended June 30, 2026. source
• In the West/Other segment, cost of purchased energy and other cost of sales included $228 million of TDSP expense for the three months ended June 30, 2026. source
• In the East segment, cost of purchased energy and other cost of sales included $22 million of TDSP expense for the three months ended June 30, 2026. source
• The Company’s natural gas portfolio serves approximately 1,900 MMDth annually. source