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nrg NRG Energy , Inc. Reports First Quarter 2021 Results May 6 , 2021 • Winter Storm Uri expected net impact of $ 500 to $ 700 million • Reinstating 2021 Adjusted EBITDA and FCFbG guidance • Announced appointment of Alberto Fornaro as Executive Vice President and Chief Financial Officer • Designated Houston , TX as sole Corporate Headquarters HOUSTON -- ( BUSINESS WIRE ) -- May 6 , 2021-- NRG Energy , Inc. ( NYSE : NRG ) today reported a first quarter 2021 net loss of $ ( 82 ) million , or $ ( 0.33 ) per diluted common share and Adjusted EBITDA for the first quarter of $ 567 million . " NRG is committed to helping Texans recover from the impacts of Winter Storm Uri and working with our stakeholders on lasting solutions to improve resilience in the ERCOT market , " said Mauricio Gutierrez , NRG President and Chief Executive Officer . " We remain focused on advancing our customer - centric strategy and strengthening our platform . " Consolidated Financial Results ( $ in millions ) Net ( Loss ) / Income $ Cash ( used ) / provided by Operating Activities $ Adjusted EBITDAa a . Excludes the loss due to Winter Storm Uri of $ 967 million Loss from Winter Storm Uri During the quarter ended March 31 , 2021 , Winter Storm Uri's financial impact was a loss of $ 967 million . Based on forecasted expenses and estimated mitigants , the total cash impact from Winter Storm Uri is expected to be in the range of $ 500 to $ 700 million over time . The following impacts are further discussed in the related sections below : ( $ in millions ) Net ERCOT settlements and results from other regions ERCOT shortfall payment ( reduced by $ 90 million for discounting long term payable ) Uplift and ancillary service charges Provision for credit losses for bilateral financial hedging risk Provision for credit losses for business counterparty risk Total impact to Loss Before Income Taxes for quarter ended March 31 , 2021 Expenses to be incurred beyond March 31 , 2021 Total impact to Loss Before Income Taxes during 2021 Estimated mitigants Total net cash flow impact Segments Results Table 1 : Net ( Loss ) / Income ( $ in millions ) Segment Texas East Three Months Ended 3/31/2021 3/31/2020 ( 82 ) $ 121 ( 917 ) $ 208 $ 567 $ 349 Three Months Ended 3/31/2021 3/31/2020 $ ( 425 ) $ 162 353 20 West / Services / Othera ( 10 ) ( 61 ) Net ( Loss ) / Income $ ( 82 ) $ 121 a . Includes Corporate segment Table 2 : Adjusted EBITDAa ( $ in millions ) Segment Texas East West / Services / Otherb $ Three Months Ended 3/31/2021 3/31/2020 254 $ 266 47 195 86 68 Winter Storm Uri Impact $ 25 ( 95 ) ( 395 ) ( 393 ) ( 109 ) ( 967 ) ( 8 ) ( 975 ) $ 275-475 ( 500 ) - ( 700 )