Core Insights - NRG Energy's shares increased by 11.3% in September following a raised earnings forecast and announcement of a major infrastructure project in Texas [1] Financial Performance - NRG Energy raised its adjusted earnings per share (EPS) forecast to a range of $7.55–$8.15, up from $6.75–$7.75, and increased its adjusted EBITDA guidance to $3.875 billion–$4.025 billion from $3.725 billion–$3.975 billion [2][6] Major Projects - NRG secured a loan agreement through the Texas Energy Fund for a 721-megawatt natural gas power plant near Baytown, with a total project cost of $936 million, including a 20-year, $562 million low-interest loan from the Public Utility Commission of Texas [3][4] - The new power plant is expected to start generating electricity by summer 2028, primarily serving the Electric Reliability Council of Texas (ERCOT) region [4] - NRG is exploring a strategic agreement with LandBridge for a potential data center site in Reeves County, Texas, which may include a 1,100-MW natural gas power generation facility contingent on securing a power purchase agreement [5][6]