Franklin Templeton Reports 7.4% Beneficial Ownership in NRG Energy

Executive Summary

Franklin Templeton, Inc. (formerly Franklin Resources, Inc.), together with principal stockholders Charles B. Johnson and Rupert H. Johnson, Jr., filed Amendment No. 1 to Schedule 13G regarding their holdings in NRG Energy, Inc. As of September 30, 2026, the reporting entities collectively held beneficial ownership of 15,516,801 shares of Common Stock, representing 7.4% of the class.

Ownership and Voting Structure

• Aggregate Beneficial Ownership: 15,516,801 shares (7.4%)
• Sole Voting Power: 15,486,489 shares
• Shared Voting Power: 0 shares
• Sole Dispositive Power: 15,516,687 shares
• Shared Dispositive Power: 114 shares
• Key Operating Subsidiaries Holding Discretion: The shares are managed across several advisory affiliates, primarily Putnam Investment Management, LLC (10,191,717 voting shares / 10,205,295 dispositive shares), The Putnam Advisory Company, LLC (3,488,013 voting shares / 3,487,899 dispositive shares), and Franklin Advisers, Inc. (1,258,052 voting shares / 1,267,707 dispositive shares).

Regulatory & Market Context

The filing is submitted under Rule 13d-1(b) as a passive investment held in the ordinary course of business by registered investment advisers and parent holding companies, with no intent to influence or effect a change in control of NRG Energy, Inc.