2024 Q1 Form 10-K Financial Statement

#000101387124000005 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $7.429B $6.807B $28.82B
YoY Change -3.79% -13.34% -8.62%
Cost Of Revenue $5.685B $6.365B $26.53B
YoY Change -35.24% -27.89% -3.35%
Gross Profit $1.744B $442.0M $2.297B
YoY Change -265.15% -145.47% -43.93%
Gross Profit Margin 23.48% 6.49% 7.97%
Selling, General & Admin $591.0M $633.0M $1.968B
YoY Change 38.73% 288.34% 60.26%
% of Gross Profit 33.89% 143.21% 85.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $268.0M $345.0M $1.127B
YoY Change 41.05% 75.13% 77.76%
% of Gross Profit 15.37% 78.05% 49.06%
Operating Expenses $591.0M $947.0M $1.968B
YoY Change 38.73% 203.53% 60.26%
Operating Profit $872.0M -$505.0M $384.0M
YoY Change -156.48% -60.67% -80.97%
Interest Expense $152.0M -$195.0M $667.0M
YoY Change 2.7% 98.98% 59.95%
% of Operating Profit 17.43% 173.7%
Other Income/Expense, Net -$177.0M $4.000M -$597.0M
YoY Change 39.37% -82.61% 68.17%
Pretax Income $695.0M $653.0M -$213.0M
YoY Change -141.59% -146.91% -112.81%
Income Tax $184.0M $171.0M -$11.00M
% Of Pretax Income 26.47% 26.19%
Net Earnings $511.0M $466.0M -$202.0M
YoY Change -138.28% -142.56% -116.54%
Net Earnings / Revenue 6.88% 6.85% -0.7%
Basic Earnings Per Share $2.36 -$1.12
Diluted Earnings Per Share $2.31 $2.10 -$1.12
COMMON SHARES
Basic Shares Outstanding 208.0M shares 225.8M shares 228.0M shares
Diluted Shares Outstanding 214.0M shares 228.0M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $278.0M $541.0M $541.0M
YoY Change -31.7% 25.81% 25.81%
Cash & Equivalents $278.0M $541.0M $541.0M
Short-Term Investments
Other Short-Term Assets $5.084B $5.037B $5.037B
YoY Change -8.56% -50.99% -50.99%
Inventory $581.0M $607.0M $607.0M
Prepaid Expenses
Receivables $3.325B $3.542B $3.542B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.268B $9.727B $9.727B
YoY Change -9.21% -40.07% -40.07%
LONG-TERM ASSETS
Property, Plant & Equipment $1.947B $1.942B $1.942B
YoY Change -6.48% 1.3% 1.3%
Goodwill $5.076B $5.079B
YoY Change -5.0% 207.82%
Intangibles
YoY Change
Long-Term Investments $43.00M $42.00M $48.00M
YoY Change -68.38% -68.42% -63.91%
Other Assets $842.0M $777.0M $5.315B
YoY Change 137.85% 203.52% -24.96%
Total Long-Term Assets $16.13B $16.31B $16.31B
YoY Change -17.22% 26.3% 26.3%
TOTAL ASSETS
Total Short-Term Assets $9.268B $9.727B $9.727B
Total Long-Term Assets $16.13B $16.31B $16.31B
Total Assets $25.40B $26.04B $26.04B
YoY Change -14.46% -10.66% -10.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.027B $2.325B $2.325B
YoY Change -13.0% -36.18% -36.18%
Accrued Expenses $1.506B $1.732B $1.732B
YoY Change -9.11% 26.15% 26.15%
Deferred Revenue $710.0M $720.0M
YoY Change 3.2% 309.09%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.101B $620.0M $620.0M
YoY Change 13.39% 884.13% 884.13%
Total Short-Term Liabilities $9.176B $9.500B $9.500B
YoY Change -11.14% -26.82% -26.82%
LONG-TERM LIABILITIES
Long-Term Debt $9.559B $10.13B $10.13B
YoY Change -15.65% 27.04% 27.04%
Other Long-Term Liabilities $939.0M $947.0M $3.477B
YoY Change -8.83% -3.66% -17.72%
Total Long-Term Liabilities $12.93B $13.63B $13.61B
YoY Change -20.64% 10.51% 11.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.176B $9.500B $9.500B
Total Long-Term Liabilities $12.93B $13.63B $13.61B
Total Liabilities $22.10B $23.13B $23.13B
YoY Change -16.95% -8.63% -8.63%
SHAREHOLDERS EQUITY
Retained Earnings $1.212B $820.0M
YoY Change -8180.0% -41.76%
Common Stock $3.506B $3.419B
YoY Change -58.68% -59.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.971B $1.892B
YoY Change -66.39% -67.74%
Treasury Stock Shares
Shareholders Equity $3.297B $2.906B $2.906B
YoY Change
Total Liabilities & Shareholders Equity $25.40B $26.04B $26.04B
YoY Change -14.46% -10.66% -10.66%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $511.0M $466.0M -$202.0M
YoY Change -138.28% -142.56% -116.54%
Depreciation, Depletion And Amortization $268.0M $345.0M $1.127B
YoY Change 41.05% 75.13% 77.76%
Cash From Operating Activities $267.0M $241.0M -$221.0M
YoY Change -116.71% -117.24% -161.39%
INVESTING ACTIVITIES
Capital Expenditures $69.00M $105.0M $598.0M
YoY Change -51.41% -10.26% 62.94%
Acquisitions $22.00M
YoY Change -99.12%
Other Investing Activities -$23.00M $1.826B -$312.0M
YoY Change -98.96% -18360.0% -991.43%
Cash From Investing Activities -$92.00M $1.721B -$910.0M
YoY Change -96.09% -1455.12% 174.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.172B
YoY Change 93.4%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$288.0M -1.990B -$400.0M
YoY Change -111.36% -1158.51% -138.35%
NET CHANGE
Cash From Operating Activities $267.0M 241.0M -$221.0M
Cash From Investing Activities -$92.00M 1.721B -$910.0M
Cash From Financing Activities -$288.0M -1.990B -$400.0M
Net Change In Cash -$115.0M -28.00M -$1.529B
YoY Change -91.84% -97.91% -243.16%
FREE CASH FLOW
Cash From Operating Activities $267.0M $241.0M -$221.0M
Capital Expenditures $69.00M $105.0M $598.0M
Free Cash Flow $198.0M $136.0M -$819.0M
YoY Change -111.38% -108.98% 11600.0%

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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3828000000 usd
CY2023 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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CY2023 us-gaap Stock Issued During Period Value Acquisitions
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2023 us-gaap Treasury Stock Value Acquired Cost Method
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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97000000 usd
CY2023 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
352000000 usd
CY2023 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
34000000 usd
CY2023 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
47000000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2906000000 usd
CY2021 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
9000000 shares
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.30
CY2023 nrg Treasury Stock Value Acquired Cost Method Excise Tax
TreasuryStockValueAcquiredCostMethodExciseTax
10000000 usd
CY2023 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
52.96
CY2023 us-gaap Nature Of Operations
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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Nature of Business</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><div style="margin-bottom:6pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">General</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">NRG Energy, Inc., or NRG or the Company, sits at the intersection of energy and home services. NRG is a leading energy and home services company fueled by market-leading brands, proprietary technologies, and complementary sales channels. Across the United States and Canada, NRG delivers innovative, sustainable solutions, predominately under the brand names such as NRG, Reliant, Direct Energy, Green Mountain Energy and Vivint, while also advocating for competitive energy markets and customer choice. The Company has a customer base that includes approximately 8 million residential consumers in addition to commercial, industrial, and wholesale customers, supported by approximately 13 GW of generation.</span></div><div style="margin-bottom:3pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company's business is segmented as follows:</span></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">Texas, which includes all activity related to customer, plant and market operations in Texas, other than Cottonwood; </span></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">East, which includes all activity related to customer, plant and market operations in the East; </span></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">West/Services/Other, which includes the following assets and activities: (i) all activity related to customer, plant and market operations in the West and Canada, (ii) the Services businesses (iii) activity related to the Cottonwood facility and other investments;</span></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">Vivint Smart Home; and</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span>Corporate activities.
CY2023Q4 nrg Power Generation Capacity Megawatts
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13 mw
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023 us-gaap Provision For Doubtful Accounts
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CY2022 us-gaap Provision For Doubtful Accounts
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CY2021 us-gaap Provision For Doubtful Accounts
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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313000000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
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CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
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CY2021 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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CY2023 nrg Accounts Receivable Allowance For Credit Loss Other
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CY2022 nrg Accounts Receivable Allowance For Credit Loss Other
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CY2021 nrg Accounts Receivable Allowance For Credit Loss Other
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022 nrg Accounts Receivable Allowance For Credit Loss Increase Decrease Due Finance Hedge Risk
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CY2021 nrg Accounts Receivable Allowance For Credit Loss Increase Decrease Due Finance Hedge Risk
AccountsReceivableAllowanceForCreditLossIncreaseDecreaseDueFinanceHedgeRisk
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CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q4 nrg Funds Deposited By Counterparties
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CY2022Q4 nrg Funds Deposited By Counterparties
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CY2021Q4 nrg Funds Deposited By Counterparties
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CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023 us-gaap Proceeds From Insurance Settlement Operating Activities
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CY2022 us-gaap Proceeds From Insurance Settlement Operating Activities
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CY2021 nrg Gross Receipts Tax
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2023 nrg Contract With Customer Term
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CY2023 nrg Gross Receipts Tax
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CY2022 nrg Gross Receipts Tax
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CY2023 nrg Cost Of Services Energy Services Unbilled
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CY2022 nrg Cost Of Services Energy Services Unbilled
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CY2021 nrg Cost Of Services Energy Services Unbilled
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CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2023 us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:6pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of trust funds, accounts receivable, notes receivable, derivatives and investments in debt securities. Trust funds are held in accounts managed by experienced investment advisors. Certain accounts receivable, notes receivable, and derivative instruments are concentrated within entities engaged in the energy industry. These industry concentrations may impact the Company's overall exposure to credit risk, either positively or negatively, in that the customers may be similarly affected by changes in economic, industry or other conditions. Receivables and other contractual arrangements are subject to collateral requirements under the terms of enabling agreements. However, the Company believes that the credit risk posed by industry concentration is offset by the diversification and creditworthiness of its customer base. See Note 5, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Fair Value of Financial Instruments,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for a further discussion of derivative concentrations.</span></div>
CY2023 us-gaap Advertising Expense
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CY2021 us-gaap Advertising Expense
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CY2023 us-gaap Use Of Estimates
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<div style="margin-bottom:6pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. </span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In recording transactions and balances resulting from business operations, the Company uses estimates based on the best information available. Estimates are used for such items as plant depreciable lives, tax provisions, uncollectible accounts, actuarially determined benefit costs, the valuation of energy commodity contracts, environmental liabilities, legal costs incurred in connection with recorded loss contingencies, and assets acquired and liabilities assumed in business combinations, among others. In addition, estimates are used to test long-lived assets and goodwill for impairment and to determine the fair value of impaired assets. As better information becomes available or actual amounts are determinable, the recorded estimates are revised. Consequently, operating results can be affected by revisions to prior accounting estimates.</span></div>
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:6pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified for comparative purposes. The reclassifications did not affect results from operations, net assets or cash flows.</span></div>
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
756000000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
468000000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
176000000 usd
CY2023 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
52000000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28256000000 usd
CY2022 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
35000000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31488000000 usd
CY2021 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q4 us-gaap Capitalized Contract Cost Net
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706000000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
126000000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
3542000000 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
4773000000 usd
CY2023Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
1493000000 usd
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
1952000000 usd
CY2023Q4 us-gaap Contract With Customer Liability
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1634000000 usd
CY2022Q4 us-gaap Contract With Customer Liability
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186000000 usd
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CapitalizedContractCostAmortization
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CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
86000000 usd
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
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CY2023 nrg Contractwith Customer Liability Increase For Cash Payments Received
ContractwithCustomerLiabilityIncreaseForCashPaymentsReceived
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CY2022 nrg Contractwith Customer Liability Increase For Cash Payments Received
ContractwithCustomerLiabilityIncreaseForCashPaymentsReceived
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CY2023 us-gaap Contract With Customer Liability Revenue Recognized
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CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2023Q4 us-gaap Capitalized Contract Cost Amortization Period
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CY2023Q1 nrg Business Acquisition Shares Outstanding
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216901639 shares
CY2023Q4 nrg Disposal Group Not Discontinued Operation Gain Loss On Disposal Statement Of Income Extensible List Not Disclosed Flag
DisposalGroupNotDiscontinuedOperationGainLossOnDisposalStatementOfIncomeExtensibleListNotDisclosedFlag
82 million
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
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CY2023Q4 us-gaap Assets Fair Value Disclosure
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CY2023Q4 us-gaap Liabilities Fair Value Disclosure
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CY2022Q4 us-gaap Available For Sale Securities Debt Securities
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CY2022Q4 us-gaap Financial Instruments Owned Us Government And Agency Obligations At Fair Value
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CY2022Q4 us-gaap Assets Fair Value Disclosure
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CY2022Q4 us-gaap Liabilities Fair Value Disclosure
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CY2023Q4 nrg Derivative Asset Fair Value Determined Using Valuation Techniques Percentage
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CY2023Q4 nrg Derivative Liability Fair Value Determined Using Valuation Techniques Percentage
DerivativeLiabilityFairValueDeterminedUsingValuationTechniquesPercentage
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CY2023 nrg Change In Credit Reserve
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CY2022 nrg Change In Credit Reserve
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CY2023Q4 nrg Derivative Liability Not Subject To Master Netting Arrangement Collateral Right To Reclaim Cash Not Offset
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CY2023Q4 nrg Derivative Asset Not Subject To Master Netting Arrangement Collateral Obligation To Return Cash Not Offset
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CY2023Q4 nrg Amount Of Credit Exposure To Significant Portion Of All Counterparties
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CY2023Q4 nrg Collateral Held Cash And Letters Of Credit
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CY2023Q4 nrg Net Credit Exposure
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CY2023 nrg Counterparty Credit Risk Exposure Percentage Of Credit Risk Roll Off
CounterpartyCreditRiskExposurePercentageOfCreditRiskRollOff
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CY2023Q4 nrg Credit Derivative Maximum Net Exposure Percentage
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CY2023Q4 nrg Credit Derivative Maximum Net Exposure Percentage
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CY2023 nrg Counterparty Credit Risk Exposure Percentage Threshold
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CY2023 nrg Estimated Counterparty Credit Risk Exposure To Certain Counterparties
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CY2022 us-gaap Provision For Doubtful Accounts
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CY2021 us-gaap Provision For Doubtful Accounts
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CY2023Q4 nrg Fair Valueof Gross Derivative Assets Liabilities Net
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CY2023Q4 nrg Derivative Asset Fair Value Gross Liability Net Of Derivative Liability Fair Value Gross Asset
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CY2023Q4 nrg Derivative Collateral Obligation To Return Cash Net Of Derivative Collateral Right To Reclaim Cash
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CY2023Q4 nrg Derivative Asset Fair Value Amount Offset Against Collateral Net Of Derivative Liability Fair Value Amount Offset Against Collateral
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719000000 usd
CY2022Q4 nrg Fair Valueof Gross Derivative Assets Liabilities Net
FairValueofGrossDerivativeAssetsLiabilitiesNet
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CY2022Q4 nrg Derivative Asset Fair Value Gross Liability Net Of Derivative Liability Fair Value Gross Asset
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CY2022Q4 nrg Derivative Collateral Obligation To Return Cash Net Of Derivative Collateral Right To Reclaim Cash
DerivativeCollateralObligationToReturnCashNetOfDerivativeCollateralRightToReclaimCash
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CY2022Q4 nrg Derivative Asset Fair Value Amount Offset Against Collateral Net Of Derivative Liability Fair Value Amount Offset Against Collateral
DerivativeAssetFairValueAmountOffsetAgainstCollateralNetOfDerivativeLiabilityFairValueAmountOffsetAgainstCollateral
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CY2023 nrg Reversal Previously Recognized Unrealized Gains Losses Settled Positions Economic Hedges
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CY2022 nrg Reversal Previously Recognized Unrealized Gains Losses Settled Positions Economic Hedges
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CY2021 nrg Reversal Previously Recognized Unrealized Gains Losses Settled Positions Economic Hedges
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CY2023 nrg Reversal Previously Recognized Unrealized Gains Losses Acquiredas Partof Acquisition Economic Hedges
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CY2022 nrg Reversal Previously Recognized Unrealized Gains Losses Acquiredas Partof Acquisition Economic Hedges
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-2000000 usd
CY2021 nrg Reversal Previously Recognized Unrealized Gains Losses Acquiredas Partof Acquisition Economic Hedges
ReversalPreviouslyRecognizedUnrealizedGainsLossesAcquiredasPartofAcquisitionEconomicHedges
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CY2023 nrg Unrealized Gain Loss On Derivatives Mark To Market Economic Hedging Activities
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CY2022 nrg Unrealized Gain Loss On Derivatives Mark To Market Economic Hedging Activities
UnrealizedGainLossOnDerivativesMarkToMarketEconomicHedgingActivities
1248000000 usd
CY2021 nrg Unrealized Gain Loss On Derivatives Mark To Market Economic Hedging Activities
UnrealizedGainLossOnDerivativesMarkToMarketEconomicHedgingActivities
2716000000 usd
CY2023 nrg Reversal Previously Unrecognized Unrealized Gains Losses Settled Positions Trading Activity
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-13000000 usd
CY2022 nrg Reversal Previously Unrecognized Unrealized Gains Losses Settled Positions Trading Activity
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-13000000 usd
CY2021 nrg Reversal Previously Unrecognized Unrealized Gains Losses Settled Positions Trading Activity
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18000000 usd
CY2023 nrg Reversal Of Acquired Gain Positions Related To Trading Activity
ReversalOfAcquiredGainPositionsRelatedToTradingActivity
0 usd
CY2022 nrg Reversal Of Acquired Gain Positions Related To Trading Activity
ReversalOfAcquiredGainPositionsRelatedToTradingActivity
0 usd
CY2021 nrg Reversal Of Acquired Gain Positions Related To Trading Activity
ReversalOfAcquiredGainPositionsRelatedToTradingActivity
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CY2022Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
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CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
1000000 usd
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
1000000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3000000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2000000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
22000000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
13000000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
28000000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
9000000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
23000000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
0 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
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73000000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
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22000000 usd
CY2023 nrg Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Right To Receive Common Stock At End Of Deferral Period Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsRightToReceiveCommonStockAtEndOfDeferralPeriodShares
1 shares
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
22000000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6000000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2023 us-gaap Allocated Share Based Compensation Expense
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123000000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34000000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27000000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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147000000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
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573000000 usd
CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
836000000 usd
CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
540000000 usd
CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
364000000 usd
CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
292000000 usd
CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
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823000000 usd
CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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3428000000 usd
CY2023Q4 nrg Unrecorded Unconditional Purchase Obligation Less Than One Year
UnrecordedUnconditionalPurchaseObligationLessThanOneYear
978000000 usd
CY2023 nrg Long Term Purchase Commitment Period Expense
LongTermPurchaseCommitmentPeriodExpense
13400000000 usd
CY2022 nrg Long Term Purchase Commitment Period Expense
LongTermPurchaseCommitmentPeriodExpense
19600000000 usd
CY2021 nrg Long Term Purchase Commitment Period Expense
LongTermPurchaseCommitmentPeriodExpense
13400000000 usd
CY2023Q4 nrg Environmental Proceedings Disclosure Threshold
EnvironmentalProceedingsDisclosureThreshold
1000000 usd
CY2023Q2 nrg Number Of Facilities
NumberOfFacilities
2 facility
CY2021Q4 nrg Number Of Facilities
NumberOfFacilities
2 facility
CY2023 us-gaap Interest Paid Net
InterestPaidNet
548000000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
383000000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
433000000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
48000000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
66000000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
32000000 usd
CY2023 nrg Increase Decrease Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseCapitalExpendituresIncurredButNotYetPaid
0 usd
CY2022 nrg Increase Decrease Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseCapitalExpendituresIncurredButNotYetPaid
-68000000 usd
CY2021 nrg Increase Decrease Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseCapitalExpendituresIncurredButNotYetPaid
-16000000 usd
CY2023Q4 nrg Guarantee Maturity Less Than One Year
GuaranteeMaturityLessThanOneYear
4568000000 usd
CY2023Q4 nrg Guarantee Maturity Between One To Three Years
GuaranteeMaturityBetweenOneToThreeYears
61000000 usd
CY2023Q4 nrg Guarantee Maturity Between Three To Five Years
GuaranteeMaturityBetweenThreeToFiveYears
22000000 usd
CY2023Q4 nrg Guarantee Maturity Greater Than Five Years
GuaranteeMaturityGreaterThanFiveYears
94000000 usd
CY2023Q4 nrg Guarantee Obligations Estimated Exposure
GuaranteeObligationsEstimatedExposure
4745000000 usd
CY2022Q4 nrg Guarantee Obligations Estimated Exposure
GuaranteeObligationsEstimatedExposure
5635000000 usd

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