Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Unless otherwise noted below, each of the following guarantor subsidiaries fully and unconditionally guaranteed the Senior Notes as of December 31, 2016:



Ace Energy, Inc.	NEO Freehold-Gen LLC	NRG Operating Services, Inc.
Allied Warranty LLC	NEO Power Services Inc.	NRG Oswego Harbor Power Operations Inc.
Arthur Kill Power LLC	New Genco GP, LLC	NRG PacGen Inc.
Astoria Gas Turbine Power LLC	Norwalk Power LLC	NRG Portable Power LLC
Bayou Cove Peaking Power LLC	NRG Affiliate Services Inc.	NRG Power Marketing LLC
BidURenergy, Inc.	NRG Artesian Energy LLC	NRG Reliability Solutions LLC
Cabrillo Power I LLC	NRG Arthur Kill Operations Inc.	NRG Renter's Protection LLC
Cabrillo Power II LLC	NRG Astoria Gas Turbine Operations Inc.	NRG Retail LLC
Carbon Management Solutions LLC	NRG Bayou Cove LLC	NRG Retail Northeast LLC
Cirro Group, Inc.	NRG Business Solutions LLC	NRG Rockford Acquisition LLC
Cirro Energy Services, Inc.	NRG Cabrillo Power Operations Inc.	NRG Saguaro Operations Inc.
Clean Edge Energy LLC	NRG California Peaker Operations LLC	NRG Security LLC
Conemaugh Power LLC	NRG Cedar Bayou Development Company, LLC	NRG Services Corporation
Connecticut Jet Power LLC	NRG Connected Home LLC	NRG SimplySmart Solutions LLC
Cottonwood Development LLC	NRG Connecticut Affiliate Services Inc.	NRG South Central Affiliate Services Inc.
Cottonwood Energy Company LP	NRG Construction LLC	NRG South Central Generating LLC
Cottonwood Generating Partners I LLC	NRG Curtailment Solutions LLC	NRG South Central Operations Inc.
Cottonwood Generating Partners II LLC	NRG Development Company Inc.	NRG South Texas LP
Cottonwood Generating Partners III LLC	NRG Devon Operations Inc.	NRG Texas C&I Supply LLC
Cottonwood Technology Partners LP	NRG Dispatch Services LLC	NRG Texas Gregory LLC
Devon Power LLC	NRG Distributed Generation PR LLC	NRG Texas Holding Inc.
Dunkirk Power LLC	NRG Dunkirk Operations Inc.	NRG Texas LLC
Eastern Sierra Energy Company LLC	NRG El Segundo Operations Inc.	NRG Texas Power LLC
El Segundo Power, LLC	NRG Energy Efficiency-L LLC	NRG Warranty Services LLC
El Segundo Power II LLC	NRG Energy Efficiency-P LLC	NRG West Coast LLC
Energy Alternatives Wholesale, LLC	NRG Energy Labor Services LLC	NRG Western Affiliate Services Inc.
Energy Choice Solutions, LLC	NRG ECOKAP Holdings, LLC	O'Brien Cogeneration, Inc. II
NRG Curtailment Solutions, Inc.	NRG Energy Services Group LLC	ONSITE Energy, Inc.
Energy Plus Holdings LLC	NRG Energy Services International Inc.	Oswego Harbor Power LLC
Energy Plus Natural Gas LLC	NRG Energy Services LLC	RE Retail Receivables, LLC
Energy Protection Insurance Company	NRG Generation Holdings, Inc.	Reliant Energy Northeast LLC
Everything Energy LLC	NRG Home & Business Solutions LLC	Reliant Energy Power Supply, LLC
Forward Home Security, LLC	NRG Home Solutions LLC	Reliant Energy Retail Holdings, LLC
GCP Funding Company, LLC	NRG Home Solutions Product LLC	Reliant Energy Retail Services, LLC
Green Mountain Energy Company	NRG Homer City Services LLC	RERH Holdings LLC
Gregory Partners, LLC	NRG Huntley Operations Inc.	Saguaro Power LLC
Gregory Power Partners LLC	NRG HQ DG LLC	Somerset Operations Inc.
Huntley Power LLC	NRG Identity Protect LLC	Somerset Power LLC
Independence Energy Alliance LLC	NRG Ilion Limited Partnership	Texas Genco Financing Corp.
Independence Energy Group LLC	NRG Ilion LP LLC	Texas Genco GP, LLC
Independence Energy Natural Gas LLC	NRG International LLC	Texas Genco Holdings, Inc.
Indian River Operations Inc.	NRG Maintenance Services LLC	Texas Genco LP, LLC
Indian River Power LLC	NRG Mextrans Inc.	Texas Genco Operating Services, LLC
Keystone Power LLC	NRG MidAtlantic Affiliate Services Inc.	Texas Genco Services, LP
Langford Wind Power LLC	NRG Middletown Operations Inc.	US Retailers LLC
NRG Home Services LLC	NRG Montville Operations Inc.	Vienna Operations Inc.
Louisiana Generating LLC	NRG New Roads Holdings LLC	Vienna Power LLC
Meriden Gas Turbines LLC	NRG North Central Operations Inc.	WCP (Generation) Holdings LLC
Middletown Power LLC	NRG Northeast Affiliate Services Inc.	West Coast Power LLC
Montville Power LLC	NRG Norwalk Harbor Operations Inc.
NEO Corporation	NRG GreenCo, LLC
NRG Business Services LLC	NRG GreenCo Holdings, LLC

Condensed Consolidating Statement of Operations

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

For the Year Ended December 31, 2016



	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			NRG Energy, Inc. (Note Issuer)			Eliminations^(a)			Consolidated Balance
	(In millions)
Operating Revenues
Total operating revenues	$	7,509		$	5,082		$	—		$	(240	)	$	12,351
Operating Costs and Expenses
Cost of operations	5,402			3,355			42			(244		)	8,555
Depreciation and amortization	565			776			26			—			1,367
Impairment losses	378			540			—			—			918
Selling, general and administrative	415			397			289			—			1,101
Acquisition-related transaction and integration costs	—			1			7			—			8
Development costs	—			60			30			—			90
Total operating costs and expenses	6,760			5,129			394			(244		)	12,039
Gain/(loss) on sale of assets	—			294			(79		)	—			215
Operating Income/(Loss)	749			247			(473		)	4			527
Other Income/(Expense)
Equity in (losses)/earnings of consolidated subsidiaries	(148		)	(58		)	313			(107		)	—
Equity in earnings/(losses) of unconsolidated affiliates	5			37			(5		)	(10		)	27
Impairment losses on investments	—			(268		)	—			—			(268		)
Other income/(loss), net	4			46			(6		)	(2		)	42
Net loss on debt extinguishment	—			(4		)	(138		)	—			(142		)
Interest expense	(15		)	(574		)	(472		)	—			(1,061		)
Total other expense	(154		)	(821		)	(308		)	(119		)	(1,402		)
Income/(Loss) Before Income Taxes	595			(574		)	(781		)	(115		)	(875		)
Income tax expense/(benefit)	(1		)	18			(63		)	62			16
Net Income/(Loss)	596			(592		)	(718		)	(177		)	(891		)
Less: Net (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests	—			(103		)	56			(70		)	(117		)
Net Income/(Loss) Attributable to NRG Energy, Inc.	$	596		$	(489	)	$	(774	)	$	(107	)	$	(774	)


(a)	All significant intercompany transactions have been eliminated in consolidation.

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

For the Year Ended December 31, 2015



	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			NRG Energy, Inc. (Note Issuer)			Eliminations^(a)			Consolidated Balance
	(In millions)
Operating Revenues
Total operating revenues	$	10,024		$	4,768		$	—		$	(118	)	$	14,674
Operating Costs and Expenses
Cost of operations	7,712			3,176			14			(118		)	10,784
Depreciation and amortization	787			759			20			—			1,566
Impairment losses	4,655			375			—			—			5,030
Selling, general and administrative	467			382			350			—			1,199
Acquisition-related transactions and integration costs	1			(5		)	14			—			10
Development costs	—			53			93			—			146
Total operating costs and expenses	13,622			4,740			491			(118		)	18,735
Gain on postretirement benefits curtailment	—			21			—			—			21
Operating (Loss)/Income	(3,598		)	49			(491		)	—			(4,040		)
Other Income/(Expense)
Equity in losses of consolidated subsidiaries	(86		)	(29		)	(2,799		)	2,914			—
Equity in earnings of unconsolidated affiliates	8			37			—			(9		)	36
Impairment losses on investments	—			(25		)	(31		)	—			(56		)
Other income, net	4			29			—			—			33
Loss on sale of equity method investment	—			—			(14		)	—			(14		)
Net gain on debt extinguishment	—			56			19			—			75
Interest expense	(18		)	(564		)	(546		)	—			(1,128		)
Total other expense	(92		)	(496		)	(3,371		)	2,905			(1,054		)
Loss Before Income Taxes	(3,690		)	(447		)	(3,862		)	2,905			(5,094		)
Income tax (benefit)/expense	(1,104		)	(96		)	2,489			53			1,342
Net Loss	(2,586		)	(351		)	(6,351		)	2,852			(6,436		)
Less: Net (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests	—			(23		)	31			(62		)	(54		)
Net Loss Attributable to NRG Energy, Inc.	$	(2,586	)	$	(328	)	$	(6,382	)	$	2,914		$	(6,382	)


(a)	All significant intercompany transactions have been eliminated in consolidation.

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

For the Year Ended December 31, 2014



	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			NRG Energy, Inc.			Eliminations^(a)			Consolidated Balance
	(In millions)
Operating Revenues
Total operating revenues	$	9,974		$	6,287		$	—		$	(393	)	$	15,868
Operating Costs and Expenses
Cost of operations	7,909			4,220			4			(325		)	11,808
Depreciation and amortization	801			706			16			—			1,523
Impairment losses	—			119			—			(22		)	97
Selling, general and administrative	333			379			304			—			1,016
Acquisition-related transaction and integration costs	3			15			66			—			84
Development costs	—			32			56			—			88
Total operating costs and expenses	9,046			5,471			446			(347		)	14,616
Gain on sale of assets	—			19			—			—			19
Operating Income/(Loss)	928			835			(446		)	(46		)	1,271
Other Income/(Expense)
Equity in earnings of consolidated subsidiaries	317			219			775			(1,311		)	—
Equity in earnings of unconsolidated affiliates	13			33			—			(8		)	38
Other income, net	7			14			3			(2		)	22
Gain on sale of equity method investment	—			18			—			—			18
Loss on debt extinguishment	—			(9		)	(86		)	—			(95		)
Interest expense	(19		)	(525		)	(575		)	—			(1,119		)
Total other income/(expense)	318			(250		)	117			(1,321		)	(1,136		)
Income/(Loss) Before Income Taxes	1,246			585			(329		)	(1,367		)	135
Income tax expense/(benefit)	322			159			(478		)	—			3
Net Income	924			426			149			(1,367		)	132
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interests	—			57			15			(74		)	(2		)
Net Income Attributable to NRG Energy, Inc	$	924		$	369		$	134		$	(1,293	)	$	134


(a)	All significant intercompany transactions have been eliminated in consolidation.

Condensed Consolidating Statements of Comprehensive Income

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)

For the Year Ended December 31, 2016



	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			NRG Energy, Inc. (Note Issuer)			Eliminations^(a)			Consolidated Balance
	(In millions)
Net Income/(Loss)	$	596		$	(592	)	$	(718	)	$	(177	)	$	(891	)
Other Comprehensive Income/(Loss), net of tax
Unrealized gain on derivatives, net	—			32			89			(86		)	35
Foreign currency translation adjustments, net	(1		)	(1		)	(1		)	2			(1		)
Available-for-sale securities, net	—			—			1			—			1
Defined benefit plan, net	36			(23		)	(51		)	41			3
Other comprehensive income	35			8			38			(43		)	38
Comprehensive Income/(Loss)	631			(584		)	(680		)	(220		)	(853		)
Less: Comprehensive (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests	—			(103		)	56			(70		)	(117		)
Comprehensive Income/(Loss) Attributable to NRG Energy, Inc.	631			(481		)	(736		)	(150		)	(736		)
Dividends for preferred shares	—			—			5			—			5
Gain on redemption of preferred shares	—			—			(78		)	—			(78		)
Comprehensive Income/(Loss) Available for Common Stockholders	$	631		$	(481	)	$	(663	)	$	(150	)	$	(663	)


(a)	All significant intercompany transactions have been eliminated in consolidation.

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)

For the Year Ended December 31, 2015



	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			NRG Energy, Inc. (Note Issuer)			Eliminations^(a)			Consolidated Balance
	(In millions)
Net Loss	$	(2,586	)	$	(351	)	$	(6,351	)	$	2,852		$	(6,436	)
Other Comprehensive (Loss)/Income, net of tax
Unrealized (loss)/gain on derivatives, net	(9		)	(13		)	48			(41		)	(15		)
Foreign currency translation adjustments, net	—			(7		)	(4		)	—			(11		)
Available-for-sale securities, net	—			(1		)	18			—			17
Defined benefit plan, net	(22		)	(15		)	(42		)	89			10
Other comprehensive (loss)/income	(31		)	(36		)	20			48			1
Comprehensive Loss	(2,617		)	(387		)	(6,331		)	2,900			(6,435		)
Less: Comprehensive (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests	—			(42		)	31			(62		)	(73		)
Comprehensive Loss Attributable to NRG Energy, Inc.	(2,617		)	(345		)	(6,362		)	2,962			(6,362		)
Dividends for preferred shares	—			—			20			—			20
Comprehensive Loss Available for Common Stockholders	$	(2,617	)	$	(345	)	$	(6,382	)	$	2,962		$	(6,382	)


(a)	All significant intercompany transactions have been eliminated in consolidation.

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

For the Year Ended December 31, 2014



	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			NRG Energy, Inc. (Note Issuer)			Eliminations^(a)			Consolidated Balance
	(In millions)
Net Income	$	924		$	426		$	149		$	(1,367	)	$	132
Other Comprehensive (Loss)/Income, net of tax
Unrealized loss on derivatives, net	(49		)	(89		)	(215		)	308			(45		)
Foreign currency translation adjustments, net	—			(12		)	4			—			(8		)
Available-for-sale securities, net	—			1			(8		)	—			(7		)
Defined benefit plan, net	5			(104		)	20			(50		)	(129		)
Other comprehensive loss	(44		)	(204		)	(199		)	258			(189		)
Comprehensive Income/(Loss)	880			222			(50		)	(1,109		)	(57		)
Less: Comprehensive income attributable to noncontrolling interest	—			67			15			(74		)	8
Comprehensive Income/(Loss) Attributable to NRG Energy, Inc.	880			155			(65		)	(1,035		)	(65		)
Dividends for preferred shares	—			—			56			—			56
Comprehensive Income/(Loss) Available for Common Stockholders	$	880		$	155		$	(121	)	$	(1,035	)	$	(121	)


(a)	All significant intercompany transactions have been eliminated in consolidation.

Condensed Consolidating Balance Sheets

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

December 31, 2016



	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			NRG Energy, Inc.			Eliminations^(a)			Consolidated Balance
	(In millions)
ASSETS
Current Assets
Cash and cash equivalents	$	—		$	1,650		$	323		$	—		$	1,973
Funds deposited by counterparties	2			—			—			—			2
Restricted cash	11			435			—			—			446
Accounts receivable - trade, net	734			429			3			—			1,166
Accounts receivable - Affiliate	309			(241		)	200			(262		)	6
Inventory	482			629			—			—			1,111
Derivative instruments	962			305			—			(205		)	1,062
Cash collateral posted in support of energy risk management activities	37			166			—			—			203
Current assets held-for-sale	—			9			—			—			9
Prepayments and other current assets	76			279			62			—			417
Total current assets	2,613			3,661			588			(467		)	6,395
Net Property, Plant and Equipment	4,216			13,472			251			(27		)	17,912
Other Assets
Investment in subsidiaries	837			1,973			10,128			(12,938		)	—
Equity investments in affiliates	(14		)	1,129			5			—			1,120
Notes receivable, less current portion	—			17			(76		)	76			17
Goodwill	359			303			—			—			662
Intangible assets, net	592			1,447			—			(3		)	2,036
Nuclear decommissioning trust fund	610			—			—			—			610
Deferred income taxes	3			868			(646		)	—			225
Derivative instruments	143			60			36			(50		)	189
Non-current assets held for sale	—			10			—			—			10
Other non-current assets	67			784			328			—			1,179
Total other assets	2,597			6,591			9,775			(12,915		)	6,048
Total Assets	$	9,426		$	23,724		$	10,614		$	(13,409	)	$	30,355
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Current portion of long-term debt and capital leases	$	—		$	1,202		$	(58	)	$	76		$	1,220
Accounts payable	499			362			34			—			895
Accounts payable - affiliate	655			1,834			(2,227		)	(262		)	—
Derivative instruments	947			342			—			(205		)	1,084
Cash collateral received in support of energy risk management activities	2			—			—			—			2
Accrued interest expense	3			94			123			—			220
Other accrued expenses	110			140			293			—			543
Other current liabilities	204			166			48			—			418
Total current liabilities	2,420			4,140			(1,787		)	(391		)	4,382
Other Liabilities
Long-term debt and capital leases	244			10,302			7,460			—			18,006
Nuclear decommissioning reserve	287			—			—			—			287
Nuclear decommissioning trust liability	339			—			—			—			339
Postretirement and other benefit obligations	114			189			250			—			553
Deferred income taxes	186			(1,094		)	928			—			20
Derivative instruments	157			187			—			(50		)	294
Out-of-market contracts	80			960			—			—			1,040
Non-current liabilities held-for-sale	—			12			—			—			12
Other non-current liabilities	283			573			74			—			930
Total non-current liabilities	1,690			11,129			8,712			(50		)	21,481
Total Liabilities	4,110			15,269			6,925			(441		)	25,863
2.822% Preferred Stock	—			—			—			—			—
Redeemable noncontrolling interest in subsidiaries	—			46			—			—			46
Stockholders' Equity	5,316			8,409			3,689			(12,968		)	4,446
Total Liabilities and Stockholders' Equity	$	9,426		$	23,724		$	10,614		$	(13,409	)	$	30,355


(a)	All significant intercompany transactions have been eliminated in consolidation.

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

December 31, 2015



	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			NRG Energy, Inc.			Eliminations^(a)			Consolidated Balance
	(In millions)
ASSETS
Current Assets
Cash and cash equivalents	$	—		$	825		$	693		$	—		$	1,518
Funds deposited by counterparties	55			51			—			—			106
Restricted cash	5			409			—			—			414
Accounts receivable - trade, net	851			304			2			—			1,157
Inventory	570			682			—			—			1,252
Derivative instruments	1,202			871			—			(158		)	1,915
Cash collateral posted in support of energy risk management activities	474			94			—			—			568
Accounts receivable - affiliate	395			260			571			(1,222		)	4
Current assets held-for-sale	—			6			—			—			6
Prepayments and other current assets	93			287			71			—			451
Total current assets	3,645			3,789			1,337			(1,380		)	7,391
Net Property, Plant and Equipment	4,767			13,773			219			(27		)	18,732
Other Assets
Investment in subsidiaries	842			2,244			11,039			(14,125		)	—
Equity investments in affiliates	(14		)	1,160			1			(102		)	1,045
Notes receivable, less current portion	—			46			7			—			53
Goodwill	697			302			—			—			999
Intangible assets, net	763			1,551			2			(6		)	2,310
Nuclear decommissioning trust fund	561			—			—			—			561
Derivative instruments	153			184			—			(32		)	305
Deferred income taxes	(6		)	815			(642		)	—			167
Non-current assets held for sale	—			105			—			—			105
Other non-current assets	80			749			385			—			1,214
Total other assets	3,076			7,156			10,792			(14,265		)	6,759
Total Assets	$	11,488		$	24,718		$	12,348		$	(15,672	)	$	32,882
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Current portion of long-term debt and capital leases	$	2		$	460		$	19		$	—		$	481
Accounts payable	553			277			39			—			869
Accounts payable - affiliate	151			2,000			(929		)	(1,222		)	—
Derivative instruments	1,130			749			—			(158		)	1,721
Cash collateral received in support of energy risk management activities	55			51			—			—			106
Accrued interest expense	5			91			147			(1		)	242
Other accrued expenses	122			151			295			—			568
Current liabilities held-for-sale	—			2			—			—			2
Other current liabilities	192			187			7			—			386
Total current liabilities	2,210			3,968			(422		)	(1,381		)	4,375
Other Liabilities
Long-term debt and capital leases	302			10,496			8,185			—			18,983
Nuclear decommissioning reserve	326			—			—			—			326
Nuclear decommissioning trust liability	283			—			—			—			283
Postretirement and other benefit obligations	236			200			152			—			588
Deferred income taxes	179			(1,088		)	928			—			19
Derivative instruments	301			224			—			(32		)	493
Out-of-market contracts	95			1,051			—			—			1,146
Non-current liabilities held-for-sale	—			4			—			—			4
Other non-current liabilities	318			535			47			—			900
Total non-current liabilities	2,040			11,422			9,312			(32		)	22,742
Total Liabilities	4,250			15,390			8,890			(1,413		)	27,117
2.822% Preferred Stock	—			—			302			—			302
Redeemable noncontrolling interest in subsidiaries	—			29			—			—			29
Stockholders' Equity	7,238			9,299			3,156			(14,259		)	5,434
Total Liabilities and Stockholders' Equity	$	11,488		$	24,718		$	12,348		$	(15,672	)	$	32,882


(a)	All significant intercompany transactions have been eliminated in consolidation.

Condensed Consolidating Statements of Cash Flows

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Year Ended December 31, 2016



	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			NRG Energy, Inc. (Note Issuer)			Eliminations^(a)			Consolidated Balance
	(In millions)
Cash Flows from Operating Activities
Net income/(loss)	$	596		$	(592	)	$	(718	)	$	(177	)	$	(891	)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Distributions from unconsolidated affiliates	—			89			—			(8		)	81
Equity in earnings of unconsolidated affiliates	(5		)	(37		)	5			10			(27		)
Depreciation and amortization	565			776			26			—			1,367
Provision for bad debts	41			7			—			—			48
Amortization of nuclear fuel	49			—			—			—			49
Amortization of financing costs and debt discount/premiums	—			(18		)	21			—			3
Adjustment to loss on debt extinguishment	—			4			17			—			21
Amortization of intangibles and out-of-market contracts	39			52			—			—			91
Amortization of unearned equity compensation	—			—			10			—			10
Gain on sale of assets and equity method investments, net	—			(294		)	70			—			(224		)
Impairment losses	378			808			—			—			1,186
Changes in derivative instruments	(77		)	136			(36		)	—			23
Changes in deferred income taxes and liability for uncertain tax benefits	(1		)	18			(60		)	—			(43		)
Changes in collateral deposits supporting energy risk management activities	437			(72		)	—			—			365
Proceeds from sale of emission allowances	47			—			—			—			47
Changes in nuclear decommissioning trust liability	41			—			—			—			41
Cash (used)/provided by changes in other working capital	(1,806		)	364			1,192			175			(75		)
Net Cash Provided by Operating Activities	304			1,241			527			—			2,072
Cash Flows from Investing Activities
Dividends from NRG Yield, Inc.	—			—			81			(81		)	—
Acquisition of September 2016 Drop Down Assets, net of cash acquired	—			(77		)	—			77			—
Intercompany dividends	—			—			12			(12		)	—
Acquisition of businesses, net of cash acquired	—			(209		)	—			—			(209		)
Capital expenditures	(180		)	(1,016		)	(48		)	—			(1,244		)
Increase in restricted cash, net	(4		)	(25		)	—			—			(29		)
Increase in restricted cash - U.S. DOE projects	—			(3		)	—			—			(3		)
Decrease in notes receivable	—			17			—			—			17
Proceeds from renewable energy grants	—			36			—			—			36
Purchases of emission allowances, net of proceeds	(1		)	—			—			—			(1		)
Investments in nuclear decommissioning trust securities	(551		)	—			—			—			(551		)
Proceeds from sales of nuclear decommissioning trust fund securities	510			—			—			—			510
Proceeds from sale of assets, net	—			619			17			—			636
Investments in unconsolidated affiliates	3			(37		)	—			—			(34		)
Other	27			13			8			—			48
Net Cash (Used)/Provided by Investing Activities	(196		)	(682		)	70			(16		)	(824		)
Cash Flows from Financing Activities
Dividends from NRG Yield, Inc.	—			(81		)	—			81			—
Payments (for)/from intercompany loans	(52		)	(49		)	101			—			—
Acquisition of September 2016 Drop Down Assets, net of cash acquired	—			—			77			(77		)	—
Intercompany dividends	(52		)	40			—			12			—
Payment of dividends to preferred and common stockholders	—			—			(76		)	—			(76		)
Net receipts from settlement of acquired derivatives that include financing elements	—			151			—			—			151
Payments for preferred shares	—			—			(226		)	—			(226		)
Distributions from, net of contributions to noncontrolling interests in subsidiaries	—			(156		)	—			—			(156		)
Proceeds from issuance of common stock	—			—			1			—			1
Proceeds from issuance of long-term debt	—			1,387			4,140			—			5,527
Payments for short and long-term debt	(1		)	(988		)	(4,924		)	—			(5,913		)
Payment of debt issuance costs and hedging costs	—			(29		)	(60		)	—			(89		)
Other	(3		)	(10		)	—			—			(13		)
Net Cash (Used)/Provided by Financing Activities	(108		)	265			(967		)	16			(794		)
Effect of exchange rate changes on cash and cash equivalents	—			1			—			—			1
Net Increase/(Decrease) in Cash and Cash Equivalents	—			825			(370		)	—			455
Cash and Cash Equivalents at Beginning of Period	—			825			693			—			1,518
Cash and Cash Equivalents at End of Period	$	—		$	1,650		$	323		$	—		$	1,973


(a)	All significant intercompany transactions have been eliminated in consolidation.

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Year Ended December 31, 2015



	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			NRG Energy, Inc.			Eliminations^(a)			Consolidated Balance
	(In millions)
Cash Flows from Operating Activities
Net loss	$	(2,586	)	$	(351	)	$	(6,351	)	$	2,852		$	(6,436	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Distributions from unconsolidated affiliates	3			91			—			(21		)	73
Equity in earnings of unconsolidated affiliates	(8		)	(37		)	—			9			(36		)
Depreciation and amortization	787			759			20			—			1,566
Provision for bad debts	58			3			3			—			64
Amortization of nuclear fuel	45			—			—			—			45
Amortization of financing costs and debt discount/premiums	—			(37		)	26			—			(11		)
Adjustment to gain on debt extinguishment	—			(56		)	(19		)	—			(75		)
Amortization of intangibles and out-of-market contracts	52			29			—			—			81
Amortization of unearned equity compensation	—			—			41			—			41
Gain on postretirement benefits curtailment	—			(21		)	—			—			(21		)
Loss on sale of assets	—			—			14			—			14
Impairment losses	4,655			400			31			—			5,086
Changes in derivative instruments	264			(31		)	—			—			233
Changes in deferred income taxes and liability for uncertain tax benefits	(1,092		)	(237		)	2,655			—			1,326
Changes in nuclear decommissioning trust liability	(2		)	—			—			—			(2		)
Changes in collateral deposits supporting energy risk management activities	(360		)	(21		)	—			—			(381		)
Cash (used)/provided by changes in other working capital	(8,744		)	(847		)	12,173			(2,840		)	(258		)
Net Cash (Used)/Provided by Operating Activities	(6,928		)	(356		)	8,593			—			1,309
Cash Flows from Investing Activities
Dividends from NRG Yield, Inc.	—			—			70			(70		)	—
Intercompany dividends	—			—			33			(33		)	—
Acquisition of 2015 Drop Down Assets, net of cash acquired	—			(698		)	—			698			—
Acquisition of businesses, net of cash acquired	—			(31		)	—			—			(31		)
Capital expenditures	(316		)	(908		)	(59		)	—			(1,283		)
(Increase)/decrease in restricted cash, net	(1		)	9			—			—			8
Decrease in restricted cash - U.S. DOE projects	—			34			1			—			35
Decrease in notes receivable	—			18			—			—			18
Proceeds from renewable energy grants	—			82			—			—			82
Purchases of emission allowances, net of proceeds	41			—			—			—			41
Investments in nuclear decommissioning trust fund securities	(629		)	—			—			—			(629		)
Proceeds from sales of nuclear decommissioning trust fund securities	631			—			—			—			631
Proceeds from sale of assets, net	—			1			26			—			27
Investments in unconsolidated affiliates	1			(357		)	(39		)	—			(395		)
Other	—			11			—			—			11
Net Cash (Used)/Provided by Investing Activities	(273		)	(1,839		)	32			595			(1,485		)
Cash Flows from Financing Activities
Dividends from NRG Yield, Inc.	—			(70		)	—			70			—
Intercompany dividends	—			(33		)	—			33			—
Payments from/(for) intercompany loans	7,183			1,258			(8,441		)	—			—
Acquisition of 2015 Drop Down Assets, net of cash acquired	—			—			698			(698		)	—
Payment of dividends to preferred stockholders	—			—			(201		)	—			(201		)
Net receipts from acquired derivatives that include financing elements	—			196			—			—			196
Payment for treasury stock	—			—			(437		)	—			(437		)
Distributions from, net of contributions to, noncontrolling interests in subsidiaries	—			47			—			—			47
Proceeds from sale of noncontrolling interests in subsidiaries	—			600			—			—			600
Proceeds from issuance of common stock	—			—			1			—			1
Proceeds from issuance of long-term debt	—			953			51			—			1,004
Payments of short and long-term debt	—			(1,353		)	(246		)	—			(1,599		)
Payment of debt issuance and hedging costs	—			(21		)	—			—			(21		)
Other	—			(22		)	—			—			(22		)
Net Cash Provided/(Used) by Financing Activities	7,183			1,555			(8,575		)	(595		)	(432		)
Effect of exchange rate changes on cash and cash equivalents	—			10			—			—			10
Net (Decrease)/Increase in Cash and Cash Equivalents	(18		)	(630		)	50			—			(598		)
Cash and Cash Equivalents at Beginning of Period	18			1,455			643			—			2,116
Cash and Cash Equivalents at End of Period	$	—		$	825		$	693		$	—		$	1,518


(a)	All significant intercompany transactions have been eliminated in consolidation.

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Year Ended December 31, 2014



	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			NRG Energy, Inc.			Eliminations^(a)			Consolidated Balance
	(In millions)
Cash Flows from Operating Activities
Net income	$	924		$	426		$	149		$	(1,367	)	$	132
Adjustments to reconcile net income to net cash provided by operating activities:
Distributions from unconsolidated affiliates	—			87			—			—			87
Equity in earnings of unconsolidated affiliates	(13		)	(33		)	—			8			(38		)
Depreciation and amortization	801			706			16			—			1,523
Provision for bad debts	64			—			—			—			64
Amortization of nuclear fuel	46			—			—			—			46
Amortization of financing costs and debt discount/premiums	—			(40		)	28			—			(12		)
Adjustment to loss on debt extinguishment	—			8			17			—			25
Amortization of intangibles and out-of-market contracts	65			(1		)	—			—			64
Amortization of unearned equity compensation	—			—			42			—			42
Gain on sale of assets	—			(4		)	—			—			(4		)
Impairment losses	—			119			—			(22		)	97
Changes in derivative instruments	(149		)	88			—			—			(61		)
Changes in deferred income taxes and liability for uncertain tax benefits	242			(115		)	(281		)	—			(154		)
Changes in nuclear decommissioning trust liability	19			—			—			—			19
Changes in collateral deposits supporting energy risk management activities	101			45			—			—			146
Cash provided/(used) by changes in other working capital	686			(958		)	(1,575		)	1,381			(466		)
Net Cash Provided/(Used) by Operating Activities	2,786			328			(1,604		)	—			1,510
Cash Flows from Investing Activities
Dividends from NRG Yield, Inc.	—			—			60			(60		)	—
Acquisition of business, net of cash acquired	—			(25		)	(2,911		)	—			(2,936		)
Capital expenditures	(252		)	(619		)	(38		)	—			(909		)
Decrease in restricted cash	—			57			—			—			57
(Increase)/decrease in restricted cash - U.S. DOE projects	—			(209		)	3			—			(206		)
Decrease in notes receivable	—			25			—			—			25
Proceeds from renewable energy grants	—			916			—			—			916
Purchases of emission allowances, net of proceeds	(16		)	—			—			—			(16		)
Investments in nuclear decommissioning trust fund securities	(619		)	—			—			—			(619		)
Proceeds from sales of nuclear decommissioning trust fund securities	600			—			—			—			600
Proceeds from sale of assets, net	—			—			203			—			203
Investments in unconsolidated affiliates, net	—			(25		)	(78		)	—			(103		)
Other	—			85			—			—			85
Net Cash (Used)/Provided by Investing Activities	(287		)	205			(2,761		)	(60		)	(2,903		)
Cash Flows from Financing Activities
Dividends from NRG Yield, Inc.	—			(60		)	—			60			—
Payments (for)/from intercompany loans	(2,523		)	(685		)	3,208						—
Payment for dividends to preferred stockholders	—			—			(196		)	—			(196		)
Net receipts from acquired derivatives that include financing elements	—			9			—			—			9
Payment for treasury stock	—			—			(39		)	—			(39		)
Distributions from, net of contributions to, noncontrolling interests in subsidiaries	—			189			—			—			189
Proceeds from sale of noncontrolling interests in subsidiaries	—			630			—			—			630
Proceeds from issuance of common stock	—			—			21			—			21
Proceeds from issuance of long-term debt	—			1,182			3,381			—			4,563
Payments of short and long-term debt	—			(1,160		)	(2,667		)	—			(3,827		)
Payment of debt issuance and hedging costs	—			(39		)	(28		)	—			(67		)
Other	(14		)	(4		)	—			—			(18		)
Net Cash (Used)/Provided by Financing Activities	(2,537		)	62			3,680			60			1,265
Effect of exchange rate changes on cash and cash equivalents	—			(10		)	—			—			(10		)
Net (Decrease)/Increase in Cash and Cash Equivalents	(38		)	585			(685		)	—			(138		)
Cash and Cash Equivalents at Beginning of Period	56			870			1,328			—			2,254
Cash and Cash Equivalents at End of Period	$	18		$	1,455		$	643		$	—		$	2,116


(a)	All significant intercompany transactions have been eliminated in consolidation.