NRG · 10-Q · 2026Q3 · Full report
Remaining Performance Obligations
NRG ENERGY, INC. · 2026-11-09 · Importance 43 · Surprise 6 · Contradicted
As of September 30, 2026, estimated fixed-fee performance obligations include $2.7 billion for fiscal 2027, $2.5 billion for 2028, $1.7 billion for 2029, and $1.0 billion for 2030. They include Vivint Smart Home products and services, cleared capacity auction megawatts in PJM, ISO-NE, NYISO and MISO, and demand response. Cleared auction megawatts are subject to non-performance penalties, and the increase in obligations compared with 2025 was primarily attributable to the LSP Portfolio acquisition.
Key facts
- NRG's future fixed-fee performance obligations included $2.7 billion for fiscal year 2027, $2.5 billion for 2028, $1.7 billion for 2029, and $1.0 billion for 2030, as of September 30, 2026. source
- NRG's total deferred revenues were $1.881 billion as of September 30, 2026, compared with $1.643 billion as of December 31, 2025. source
- NRG's future fixed-fee performance obligations include Vivint Smart Home products and services, cleared auction MWs in the PJM, ISO-NE, NYISO, and MISO capacity auctions, and demand response; cleared auction MWs are subject to non-performance penalties. source
- NRG stated that the increase in future fixed-fee performance obligations as of September 30, 2026, compared with the same period in 2025, was primarily due to the LSP Portfolio acquisition. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +47.3% | NRG's future fixed-fee performance obligations included $2.7 billion for fiscal year 2027, $2.5 billion for 2028, $1.7 billion for 2029,… |
| revenue | positive | committed | +24.6% | NRG's future fixed-fee performance obligations included $2.7 billion for fiscal year 2027, $2.5 billion for 2028, $1.7 billion for 2029,… |