NRG Energy announced plans for a 1.2-gigawatt combined-cycle natural gas power plant in Texas to support a cloud and artificial intelligence data center customer. The project requires $3.2 billion in investment and is targeted for commercial operation in late 2029.
Where
Texas
When
Oct. 31, 2026
Sources
Reported by 2 outlets
Taxes and money
The sources don't state an effect on taxes. They do state these figures.
Planned investment for 1.2-gigawatt power plant$3.2 billion2Who pays or receives it: NRG Energy
Expected annual adjusted EBITDA at full operation$500 million2Who pays or receives it: NRG Energy
Expected annual free cash flow before growth at full operation$375 million2Who pays or receives it: NRG Energy
Cost per kilowatt$2,7002Who pays or receives it: NRG Energy
Who's involved
NRG Energycompany planning power plant
Robert GaudettePresident and Chief Executive Officer of NRG Energy
Bruce ChungChief Financial Officer of NRG Energy
The facts
NRG Energy has aligned on principal commercial terms with an investment-grade customer for the project.2
The 1.2-gigawatt facility is designed to serve a 1-gigawatt data center load and could expand to 2.4 GW.2
The project uses NRG's first bring-your-own-power model, pairing new power demand with new generation.2
NRG would receive capacity payments to recover invested capital and provide targeted return.2
95% of the project's free cash flow would be supported by capacity payments independent of data center utilization.2
The customer's obligations would be backed by an investment-grade parent guarantee.2
Initial agreement term is at least 15 years from commercial operation with potential extensions.2
Who said what
These are statements and claims made by the people involved. They are reported, not verified.
Robert Gaudette, CEO Company is paid for megawatts built and made available, not data center utilization.2
How they headlined it
The same event, as each outlet put it. Marked words appear in only one outlet's headline.
These outlets were found through Google News headlines. Google decides which outlets appear there, and they lean mostly one way, so this sheet can only be as balanced as the reporting it was built from. Leanings are AllSides Media Bias Ratings.
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