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Goodwill and Other Intangibles
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles Goodwill and Other Intangibles
Goodwill
The following table presents the changes in goodwill for the years ended December 31, 2024 and 2023 based on the Company's reportable segments:
(in millions)TexasEastWest/Services/OtherVivint Smart HomeTotal
Balance as of January 1, 2023
$710 $723 $217 $— $1,650 
Goodwill resulted from the acquisition of Vivint— — — 3,494 3,494 
Asset sales(67)(2)— — (69)
Foreign currency translation adjustments— — 4 — 4 
Balance as of December 31, 2023
$643 $721 $221 $3,494 $5,079 
Impairment— — (15)— (15)
Sale of Airtron— — (43)— (43)
Foreign currency translation adjustments— — (10)— (10)
Balance as of December 31, 2024
$643 $721 $153 $3,494 $5,011 
Intangible Assets
The Company's intangible assets as of December 31, 2024, primarily reflect intangible assets established with the acquisitions of various companies, including Vivint Smart Home, Direct Energy, other retail acquisitions and Texas Genco. Intangible assets are comprised of the following:
•Emission Allowances — These intangibles primarily consist of SO2 emission allowances, including those established with the 2006 acquisition of Texas Genco, RGGI emission credits and California carbon allowances. These emission allowances are held-for-use and are amortized to cost of operations based on units of production.
•Customer and supply contracts — These intangibles include the fair value at the acquisition date of in-market and out-of-market customer and supply contracts from the acquisition of Direct Energy and are amortized to revenue and cost of operations, respectively, based upon the fair market value, as of the acquisition date, for each delivery month.
•Customer relationships — These intangibles represent the fair value at the acquisition date of acquired businesses' customer base from the acquisition of Vivint, Direct Energy and other acquisitions. Customer relationships are amortized to depreciation and amortization expense based on the expected discounted future net cash flows by year.
•Marketing partnerships — These intangibles represent the fair value at the acquisition date of existing agreements with marketing vendors and loyalty and affinity partners for customer acquisition. Marketing partnerships are amortized to depreciation and amortization expense based on the expected discounted future net cash flows by year.
•Technology — These intangibles represent the fair value at the acquisition date of developed technology for Vivint Smart Home integrated software and products. Technology is amortized to depreciation and amortization expense, ratably based on the expected discounted future net cash flows by year.
•Trade names — These intangibles are amortized to depreciation and amortization expense on a straight-line basis.
•Other — These intangibles primarily include renewable energy certificates. RECs are retired, as required, for the applicable compliance period. RECs are expensed to cost of operations based on NRG’s customer usage. Other also included in-market nuclear fuel contracts established from the Texas Genco acquisition in 2006 which were amortized to cost of operations over expected volumes over the life of each contract, costs to extend the operating license for STP Units 1 and 2 and intellectual property related to Goal Zero, which was amortized to depreciation and amortization expense.
The following tables summarize the components of NRG's intangible assets:
(In millions)     
Year Ended December 31, 2024Emission
Allowances		Customer and Supply ContractsCustomer
Relationships		Marketing PartnershipsTechnologyTrade
Names
Other(a)
Total
January 1, 2024$628 $609 $3,464 $295 $860 $841 $224 $6,921 
Purchases22 — — — — — 497 519 
Acquisition of businesses(b)
— — 35 — — — — 35 
Usage/Sales/Retirements/Transfers(19)— — — — — (461)(480)
Write-off of fully amortized balances— — (146)— — (11)— (157)
Sale of Airtron(c)
— — (255)— — (24)— (279)
Other(6)(3)(5)(1)1 (5)— (19)
December 31, 2024625 606 3,093 294 861 801 260 6,540 
Less accumulated amortization
(538)(399)(1,555)(193)(457)(443)(47)(3,632)
Net carrying amount$87 $207 $1,538 $101 $404 $358 $213 $2,908 
(a)RECs are not subject to amortization and had a carrying value of $213 million
(b)The weighted average amortization period for total amortizable intangible assets is approximately 5 years
(c)Includes $81 million of intangibles that were amortized

(In millions)     
Year Ended December 31, 2023Emission
Allowances		Customer and Supply ContractsCustomer
Relationships		Marketing PartnershipsTechnologyTrade
Names
Other(a)
Total
January 1, 2023$624 $635 $1,730 $284 $— $679 $292 $4,244 
Purchases10 — — — — — 465 475 
Acquisition of businesses(b)
— — 1,773 10 860 160 — 2,803 
Usage/Sales/Retirements— — — — — — (474)(474)
Write-off of fully amortized balances(1)(28)(43)— — — — (72)
Sale of STP(c)
— — — — — — (59)(59)
Other(5)2 4 1 — 2 — 4 
December 31, 2023628 609 3,464 295 860 841 224 6,921 
Less accumulated amortization
(533)(328)(1,300)(170)(230)(401)(32)(2,994)
Net carrying amount$95 $281 $2,164 $125 $630 $440 $192 $3,927 
(a)RECs are not subject to amortization and had a carrying value of $177 million
(b)The weighted average amortization period for total amortizable intangible assets is approximately 10 years
(c)Includes $47 million of intangibles that were amortized
The following table presents NRG's amortization of intangible assets for each of the past three years:
Years Ended December 31,
(In millions)202420232022
Emission allowances$5 $6 $6 
Customer and supply contracts71 121 141 
Customer relationships476 556 269 
Marketing partnerships23 24 23 
Technology227 230 — 
Trade names59 60 47 
Other(a)
15 4 4 
Total amortization$876 $1,001 $490 
(a)For the year ended December 31, 2024, 2023 and 2022, other intangibles amortized to depreciation and amortization expense were $15 million, de minimis and $4 million, respectively
The following table presents estimated amortization of NRG's intangible assets as of December 31, 2024 for each of the next five years:
(In millions)
Year Ended December 31,Emission
Allowances		Customer and Supply ContractsCustomer
Relationships		Marketing PartnershipsTechnologyTrade
Names		Total
2025$15 $50 $361 $23 $176 $45 $670 
202616 52 289 23 130 37 547 
202719 30 220 23 89 37 418 
202820 12 177 15 9 37 270 
202912 13 137 5 — 37 204