Overview Key strengths Key risks Geographically diverse with retail operations and generation assets in Texas, the east and west regions of the U.S. Exposure to commodity prices through its wholesale generation business. NRG has the highest market share in residential power at 27% of the U.S market. Almost six million customers are serviced by 18 gigawatt (GW) of owned, or contracted, capacity. Asset-lite business exposes it to greater risk of elevated commodity prices and scarcity events and potential for load-generation mismatches. A proactive ratable hedging strategy such that margins at risk are significantly hedged over the next two years. Increasing operating leverage from a portfolio of renewable power purchase agreements (PPAs) The nature of NRG?s business has evolved. The company
