NRG ENERGY, INC.

NRG Energy, Inc. announced the results of the PJM Interconnection capacity auction for the 2028-2029 delivery year. The company cleared a total of 6,839 MW of power plant generation capacity. This capacity was secured at an average clearing price of $325 per MW-day.

NRG Energy, Inc. announced the appointment of Glenn Wright as an independent director to its Board of Directors, effective May 26, 2026. Dr. Wright, who previously served as Senior Vice President, Shell Energy Americas, and President and Chief Executive Officer, Shell New Energies, US, brings extensive experience in power, gas, and integrated energy solutions. He will also join the Finance and Risk Management Committee, expanding the Board to 11 members and reinforcing the company's governance.

NRG Energy reported its first-quarter 2026 financial results, with revenue increasing to $10.26 billion, while net income significantly decreased to $125 million from $750 million in the prior year. Diluted EPS also fell to $0.52. The quarter included the completion of the acquisition of the LSP Portfolio on January 30, 2026, which added approximately 13 GW of natural gas-fired and dual-fuel generation capacity and CPower, a demand response platform. This acquisition significantly impacted the company's financial statements, including a substantial increase in goodwill and long-term debt.

NRG Energy, Inc. announced its first quarter 2026 financial results, reporting GAAP Net Income of $125 million and Adjusted EBITDA of $1,080 million, both lower than the prior year. The company reaffirmed its full-year 2026 financial guidance ranges for Adjusted Net Income, Adjusted EPS, Adjusted EBITDA, and Free Cash Flow before Growth Investments. Operational highlights include exceptional fleet reliability during Winter Storm Fern, progress on Texas Energy Fund projects, and growth in the Texas residential VPP program. The company also completed a debt refinancing, expecting over $10 million in annual interest savings, and detailed its 2026 capital allocation plan.

NRG Energy, Inc. announced the appointment of Mr. Gaudette as Chief Executive Officer, effective April 30, 2026, following his prior appointment as President on January 6, 2026. His employment agreement includes an annual base salary of $1,200,000 and eligibility for an annual bonus targeted at 125% of his base salary. Mr. Gaudette will also receive a 2026 supplemental equity grant valued at $5,072,285 and is eligible for a 2027 equity grant of no less than 825% of his base salary.

NRG Energy, Inc. announced the early results of its subsidiary Lightning Power, LLC's cash tender offer and consent solicitation for its outstanding $1.5 billion 7.250% senior secured notes due 2032. Approximately 99.67% of the notes were validly tendered by the early deadline, and the company received the necessary consents to eliminate restrictive covenants and release collateral. Following the successful tender, Lightning Power issued a notice to redeem all remaining untendered notes, enhancing financial flexibility. Additionally, NRG Energy, Inc. executed a Sixteenth Amendment to its Second Amended and Restated Credit Agreement.

NRG Energy, Inc. announced the pricing of concurrent offerings totaling $2.6 billion in new senior secured and unsecured notes. This includes $500 million of 4.955% secured notes due 2031, $1.05 billion of 5.875% unsecured notes due 2034, and $1.05 billion of 6.125% unsecured notes due 2036. Concurrently, its wholly-owned subsidiary, Lightning Power, LLC, commenced a cash tender offer to purchase all $1.5 billion of its outstanding 7.250% senior secured notes due 2032, alongside a consent solicitation to amend the indenture governing these notes. This strategic move aims to refinance existing debt at potentially lower interest rates and enhance financial flexibility.

NRG Energy, Inc. announced that E. Spencer Abraham informed its Board of Directors of his intention to resign, effective April 3, 2026. The company stated that Mr. Abraham's decision was for personal reasons and not due to any disagreement with the company, management, or the Board regarding operations, policies, or practices. This resignation aligns with the Board's ongoing succession planning, as previously disclosed in the company's definitive proxy statement filed on March 18, 2026, where it was noted that Secretary Abraham would not be standing for re-election at the upcoming annual stockholder meeting.