| Stage | VST | % of rev | NEE | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $4.0B | 100.00% | $8.1B | 100.00% | NEE ×2.01 |
| Gross profit | $2.2B | 55.84% | $4.3B | 52.53% | VST +3.3pp |
| Operating income | $553M | 13.77% | $2.6B | 32.44% | NEE +18.7pp |
| Pre-tax income | $427M | 10.63% | $5.0B | 62.16% | NEE +51.5pp |
| Net income | $305M | 7.59% | $4.4B | 53.98% | NEE +46.4pp |
| Stage | VST | NEE | Gap · A − B |
|---|---|---|---|
| Revenue | $4.0B100.00% | $8.1B100.00% | NEE ×2.01 |
| Gross profit | 55.84%$2.2B | 52.53%$4.3B | VST +3.3pp |
| Operating income | 13.77%$553M | 32.44%$2.6B | NEE +18.7pp |
| Pre-tax income | 10.63%$427M | 62.16%$5.0B | NEE +51.5pp |
| Net income |
| 7.59%$305M |
| 53.98%$4.4B |
| NEE +46.4pp |
None
VST · CNP 10-KFeb 20 '25
“• the ability of REPs, including REP affiliates of NRG and Vistra Energy Corp., to satisfy their obligations to CenterPoint Energy and Houston Electric;”
NEE · CNP 10-KFeb 20 '25
“Solar and Wind Indiana Electric has entered into various PPAs to purchase solar power and wind power to meet its future generation needs as reported in the table below: Power Type Counterparty Location Expected Date in Service Capacity (MW) Term (in Years) Solar Clenera, LLC Warrick County, Indiana 2026 100 25 Solar Oriden Vermillion County, Indiana 2026 185 15 Solar Origis Knox County, Indiana 2026 150 20 Wind NextEra Energy, Inc. Knox County, Illinois 2026 147 25 582”