---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-095650"
form_type: "8-K"
ticker: "NRG"
cik: "0001013871"
company_name: "NRG ENERGY, INC."
filed_at: "2025-10-01T23:59:59+00:00"
generated_at: "2026-05-17T05:01:39.614313+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NRG subsidiary enters $561.9M credit agreement with Texas PUC for 721 MW gas plant

## Summary
- Principal amount up to $561.9M at 3.00% interest, maturing Sept 26, 2045.
- Proceeds to finance ~60% of eligible costs for 721 MW gas-fired combined-cycle plant in Texas (ERCOT).
- Interest paid in kind (capitalized) until commercial operation; final maturity 2045.
- NRG guarantees subsidiary's obligations under the credit agreement.
- Event of default if commercial operation not achieved by Dec 1, 2028.

## SEC filing metadata
- accession: 0001104659-25-095650
- form_type: 8-K
- ticker: NRG
- cik: 0001013871
- company_name: NRG ENERGY, INC.
- filed_at: 2025-10-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013871/000110465925095650/0001104659-25-095650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013871/000110465925095650/tm2527739d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-095650
- JSON: https://secwatch.observer/filing/0001104659-25-095650.json
- Plain text: https://secwatch.observer/filing/0001104659-25-095650.txt

## Key facts
- Debt Financings
  NRG ENERGY, INC. incurred credit facility of up to $561,901,530 with Wilmington Trust, National Association, as administrative agent and as collateral agent; Public Utility Commission of Texas, as lender at 3.00% maturing September 26, 2045.
  - Instrument: credit facility
  - Principal: up to $561,901,530
  - Counterparty: Wilmington Trust, National Association, as administrative agent and as collateral agent; Public Utility Commission of Texas, as lender
  - Rate: 3.00%
  - Maturity: September 26, 2045
  - Event: incurrence
  source text: On September 26, 2025, NRG Cedar Bayou 5 LLC, a Delaware limited liability company (the “Borrower”) and an indirect wholly-owned subsidiary of NRG Energy, Inc. (the “Company”), entered into a credit agreement providing for an aggregate principal amount of up to $561,901,530 (the “Credit Agreement”) with Wilmington Trust, National Association, as administrative agent and as collateral agent (the “Agent”), and the Public Utility Commission of Texas, as lender (the “Lender”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013871/000110465925095650/0001104659-25-095650-index.htm
- Debt Financings
  NRG ENERGY, INC. incurred guarantee of guarantee the Borrower’s payment obligations under the Credit Agreement.
  - Instrument: guarantee
  - Principal: guarantee the Borrower’s payment obligations under the Credit Agreement
  - Event: incurrence
  source text: On September 26, 2025, the Company also entered into an equity contribution agreement and guaranty with the Borrower, the Lender, the Agent, and Cedar Bayou 5 Holdings LLC, a Delaware limited liability company, pursuant to which the Company agreed to guarantee the Borrower’s payment obligations under the Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013871/000110465925095650/0001104659-25-095650-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.