President, Chief Executive Officer & Chairman of the Board, Nrg
Search every verified Lawrence Coben interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Lawrence Coben, President, CEO, and Chairman of NRG Energy, discussed the company's progress on data center power agreements during the Q2 and Q3 2025 earnings calls. He announced long-term retail power agreements with a data center operator for 295 megawatts (MW), with potential to grow to 1 gigawatt (GW), and stated that the company raised its target for new long-term data center agreements to above $80 per megawatt-hour. Coben noted that NRG unveiled a 14% compound annual growth rate (CAGR) in earnings per share through 2029, which he said does not include any contribution from data centers and reflects pricing assumptions below current market levels. He also mentioned a 5.4 GW deal with GE Vernova and Kiewit, and said the company is looking at opportunities to expand that scale. Coben commented on regulatory developments, stating that Texas Senate Bill 6, signed into law in June, provides new tools to support reliability and long-term planning in the ERCOT market. He said policymakers are responding to affordability, additionality, and reliability concerns through initiatives like Senate Bill 6 and similar efforts in other regions. Coben also reported that NRG increased its 2025 target for the Texas residential virtual power plant from 20 MW to 150 MW of curtailable capacity, attributing this to faster-than-expected progress. Regarding the Gladstone asset in Australia, he described any potential value as "nominal at best" and said a sale would serve to simplify the portfolio and streamline operations.
“Strong performance across all areas of the business led us to raise 2025 financial guidance by $100 million in late September. This is the third consecutive year we have increased our full-year outlook, and today we are reaffirming that higher range. We are also introducing 2026 guidance that aligns with our long-term...”
“We expanded our data center power agreements this quarter, bringing total contracted capacity to 445 MW. We also rapidly grew our pipeline of potential projects under joint development and letters of intent to 5.4 GW. Together, these actions build on the agreement announced in August and reflect rapidly growing momentu...”
“We are raising our target for new, long-term data center agreements to above $80 per megawatt-hour. This reflects the sustained pricing improvement and at NRG's leadership in providing reliable, long-term power solutions for large load customers.”
“We also unveiled a 14% EPS CAGR through 2029, which does not, I repeat, does not include any contribution from data centers, and reflects pricing assumptions that are below current market levels. These factors, along with other upside opportunities, underscore the significant potential ahead.”
Rising electricity demand from AI, data centers, and electrification is reversing decades of flat load growth and reshaping power markets. In this episode, Lawrence Coben, Chair & CEO of NRG Energy (https://www.ceraweek.com/en/speakers/...) , joins Atul to discuss how energy providers are responding to a new era of accelerating demand, tightening capacity and growing infrastructure needs. The conversation examines how utilities, technology companies and large energy users are adapting—highlighting the growing importance of investment, partnerships and policy frameworks to ensure reliable and a…
Cultural heritage sites around the world are under threat not only from catastrophic events like war and natural disasters but also ...
Cultural heritage sites around the world are under threat not only from catastrophic events like war and natural disasters but also ...
Larry Coben, NRG Energy CEO, joins 'Money Movers' to discuss the company's $12 billion deal to acquire assets from LS Power ...
Larry Coben, CEO of NRG Energy talks about power demand and energy costs with Bloomberg's Alix Steel at CERAWeek in Houston. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: / bloombergradio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the…
11/08/2024 Q&A: 34:49 NRG Energy, Inc., together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions. It offers retail electricity and energy management, line and surge p…
An archaeological project may briefly bring a measure of prosperity to the remote, impoverished villages that host the site; but as these temporary resources vanish, so does the incentive to safeguard historical treasures. Transforming the lives of local residents through education and economics provides a sustainable path to preservation of antiquities. Archaeologist Dr. Larry Coben is the founder and Executive Director of the Sustainable Preservation Initiative, a not for profit organization providing sustainable business and entrepreneurial opportunities to poor communities where endangere…
Larry Coben is the founder of the Sustainable Preservation Initiative, a capacity building and economic development organization ...
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