Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2025

The total preliminary consideration of $10.579 billion was calculated as follows:


	(In millions)
Cash consideration (inclusive of preliminary working capital and certain other adjustments of $479 million)	$	6,851
Stock consideration: 24,250,000 common shares of NRG, par value $0.01 per share, based on NRG closing share price of $153.72 on January 29, 2026	3,728
Total Preliminary Consideration	$	10,579

The total consideration of $2.623 billion includes:


	(In millions)
Vivint Smart Home, Inc. common shares outstanding as of March 10, 2023 of 216,901,639 at $12.00 per share	$	2,603
Other Vivint Smart Home, Inc. equity instruments (Cash out RSUs and PSUs, Stock Appreciation Rights, Private Placement Warrants)	6
Total Cash Consideration	$	2,609
Fair value of acquired Vivint Smart Home, Inc. equity awards attributable to pre-combination service	14
Total Consideration	$	2,623

The purchase price is allocated as follows:


	(In millions)
Property, plant and equipment	$	644
Derivative instruments - Current assets	6
Derivative instruments - Other assets	2
Derivative instruments - Current liabilities	(34)
Derivative instruments - Other liabilities	(57)
Other, including current and non-current working capital	(3)
Texas Generation Portfolio Purchase Price	$	558

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

NRG ENERGY, INC. 10-K