Acquisitions, Discontinued Operations and Dispositions (Tables)

9 Months Ended

Sep. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Purchase Price Allocation

The purchase price was provisionally allocated as follows:

	(In millions)
Net current and non-current working capital	$	28
Other intangible assets	283
Goodwill (a)	18
Stream Purchase Price	$	329

(a) Goodwill arising from the acquisition is attributed to the value of the platform acquired and the synergies expected from combining the operations of Stream Energy with NRG's existing businesses. Goodwill is assigned to the Retail segment and is not deductible for tax purposes.

Schedule of Purchase Price Allocation, XOOM Acquisition

The acquisition increased NRG's retail portfolio by approximately 395,000 RCEs or 300,000 customers. The purchase price was allocated as follows:

	(In millions)
Net current and non-current working capital	$	46
Other intangible assets	133
Goodwill	34
XOOM Purchase Price	$	213

Summary of Results of Discontinued Operations

Summarized results of the South Central Portfolio discontinued operations were as follows: 

	Three months ended				Nine months ended
(In millions)	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Operating revenues	$	—	$	101	$	31	$	310
Operating costs and expenses	—		(85)		(23)		(262)
Gain from discontinued operations, net of tax	—		16		8		48
(Loss)/gain on disposal of discontinued operations, net of tax	(1)		—		27		—
(Loss)/gain from discontinued operations, including disposal, net of tax	$	(1)	$	16	$	35	$	48

Summary of Major Classes of Assets and Liabilities Classified as Discontinued Operations

The following table summarizes the major classes of assets and liabilities classified as discontinued operations of the South Central Portfolio:

(In millions)	December 31, 2018
Cash and cash equivalents	$	89
Accounts receivable - trade, net	49
Inventory	35
Other current assets	5
Current assets - discontinued operations	178
Property, plant and equipment, net	408
Other non-current assets	1
Non-current assets - discontinued operations	409
Accounts payable	19
Other current liabilities	5
Current liabilities - discontinued operations	24
Out-of-market contracts, net	50
Other non-current liabilities	11
Non-current liabilities - discontinued operations	$	61

Summary of Results of NRG Yield and Renewables Platform and Carlsbad Discontinued Operations

Summarized results of NRG Yield, Inc. and the Renewables Platform and Carlsbad discontinued operations were as follows: 

	Three months ended				Nine months ended
(In millions)	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Operating revenues	$	—	$	297	$	19	$	925
Operating costs and expenses	—		(229)		(9)		(682)
Other expenses	—		(42)		(5)		(165)
Gain from operations of discontinued components, before tax	—		26		5		78
Income tax expense	—		9		—		4
Gain from discontinued operations, net of tax	—		17		5		74
(Loss)/gain on disposal of discontinued operations, net of tax	(1)		(139)		330		(139)
(Expense)/income from California property tax indemnification	—		(153)		22		(153)
(Expense)/income from other commitments, indemnification and fees	—		(77)		5		(77)
(Loss)/gain on disposal of discontinued operations, net of tax	(1)		(369)		357		(369)
(Loss)/gain from discontinued operations, including disposal, net of tax	$	(1)	$	(352)	$	362	$	(295)

Summary of Major Classes of Assets And Liabilities Classified as Discontinued Operations Carlsbad

The following table summarizes the major classes of assets and liabilities classified as discontinued operations of Carlsbad:

(In millions)	December 31, 2018
Restricted cash	$	4
Accounts receivable - trade, net	10
Other current assets	5
Current assets - discontinued operations	19
Property, plant and equipment, net	590
Intangible assets, net	9
Other non-current assets	4
Non-current assets - discontinued operations	603
Current portion of long-term debt and capital leases	20
Accounts payable	27
Other current liabilities	1
Current liabilities - discontinued operations	48
Long-term debt and capital leases	572
Other non-current liabilities	2
Non-current liabilities - discontinued operations	$	574

Summary of Results of GenOn Discontinued Operations

Summarized results of GenOn discontinued operations were as follows: 

	Nine months ended
(In millions)	September 30, 2019		September 30, 2018
Interest income - affiliate	$	—	$	3
Pension and post-retirement liability assumption	—		(2)
Other	2		(26)
Gain/(loss) from discontinued operations, net of tax	$	2	$	(25)