NRG Energy is a Texas-based power generation and retail electricity company that operates significant generation capacity and serves customers across competitive electricity markets including Texas.
Referenced in 5 briefingsLast referenced: July 7, 2026
Meanwhile private generation moves faster than the grid. NRG doubled its fleet with the $12 billion LS Power deal (roughly 13 GW), opened the 456 MW TH Wharton station, and reserved 5.4 GW of GE Vernova turbines for 2029-2032.
NRG has sourced 5.4 GW of gas turbines and locked Kiewit for construction because planning horizons collapsed from a decade to 12-18 months, while GE Vernova's 80 GW gas turbine backlog stretches into 2029 and combined-cycle capacity costs jumped 66% to $2,157/kW since 2023.