Who NRG Energy buys from and sells to
Retail electricity seller (Reliant, Direct Energy) backed by ~25 GW of mostly gas plants after buying LS Power assets.
Buys from 4
- GE VernovaGEVgas turbines for 5.4 GW of new combined-cycle plants
- Kiewitengineering and construction of the new gas plants
- Natural gas producers and pipelinesfuel for the Texas and PJM gas fleet
- LS Power13 GW of gas plants and CPower bought in Jan 2026
Sells to 4
- Retail customers (Reliant, Direct Energy, Green Mountain)electricity and gas for homes and businesses
- Vivint smart-home subscribershome security and automation subscriptions
- Commercial and industrial customerspower supply and demand response through CPower
- ERCOT and PJM marketswholesale energy and capacity
Where the chain could break
- Texas retail book is short power in ERCOT scarcity events, as Winter Storm Uri showed
- New-build plan depends on GE Vernova turbine slots sold out to about 2030
- Data-centre contracts for the new gas plants not yet signed as of early 2026
Competes with
- VistraVSTTexas retail customers and ERCOT generation
- ConstellationCEGretail and wholesale power in PJM and Texas
Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.