Changes in Capital Structure

As of June 30, 2017 and December 31, 2016, the Company had 500,000,000 shares of common stock authorized. The following table reflects the changes in NRG's common stock issued and outstanding:



	Issued	Treasury		Outstanding
Balance as of December 31, 2016	417,583,825	(102,140,814	)	315,443,011
Shares issued under LTIPs	397,287	—		397,287
Shares issued under ESPP	—	282,530		282,530
Balance as of June 30, 2017	417,981,112	(101,858,284	)	316,122,828

Preferred Stock

On May 24, 2016, NRG entered an agreement with Credit Suisse Group to repurchase 100% of the outstanding shares of its $344.5 million 2.822% preferred stock. On June 13, 2016, the Company completed the repurchase from Credit Suisse of 100% of the outstanding shares at a price of $226 million. The transaction resulted in a gain on redemption of $78 million, measured as the difference between the fair value of the cash consideration paid upon redemption of $226 million and the carrying value of the preferred stock at the time of the redemption of $304 million. This amount is reflected in net income/(loss) available to NRG common stockholders in the calculation of earnings per share.

Amended and Restated Employee Stock Purchase Plan

On April 27, 2017, NRG stockholders approved an increase of 3,000,000 shares available for issuance under the ESPP. As of June 30, 2017, there were 3,385,289 shares of treasury stock available for issuance under the ESPP. In July 2017, 278,240 shares of NRG common stock were issued to employee accounts from treasury stock under the ESPP.

Amended and Restated Long-term Incentive Plan

On April 27, 2017, NRG stockholders approved an increase of 3,000,000 shares available for issuance under the NRG Energy, Inc. Amended and Restated Long-term Incentive Plan.

NRG Common Stock Dividends

The following table lists the dividends paid during the six months ended June 30, 2017:



	Second Quarter 2017		First Quarter 2017
Dividends per Common Share	$	0.03	$	0.03

On July 20, 2017, NRG declared a quarterly dividend on the Company's common stock of $0.03 per share, payable August 15, 2017, to stockholders of record as of August 1, 2017, representing $0.12 per share on an annualized basis.

The Company's common stock dividends are subject to available capital, market conditions, and compliance with associated laws, regulations and other contractual obligations.