Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017:



Ace Energy, Inc.	New Genco GP, LLC	NRG Norwalk Harbor Operations Inc.
Allied Home Warranty GP LLC	Norwalk Power LLC	NRG Operating Services, Inc.
Allied Warranty LLC	NRG Advisory Services LLC	NRG Oswego Harbor Power Operations Inc.
Arthur Kill Power LLC	NRG Affiliate Services Inc.	NRG PacGen Inc.
Astoria Gas Turbine Power LLC	NRG Arthur Kill Operations Inc.	NRG Portable Power LLC
Bayou Cove Peaking Power, LLC	NRG Astoria Gas Turbine Operations Inc.	NRG Power Marketing LLC
BidURenergy, Inc.	NRG Bayou Cove LLC	NRG Reliability Solutions LLC
Cabrillo Power I LLC	NRG Business Services LLC	NRG Renter's Protection LLC
Cabrillo Power II LLC	NRG Cabrillo Power Operations Inc.	NRG Retail LLC
Carbon Management Solutions LLC	NRG California Peaker Operations LLC	NRG Retail Northeast LLC
Cirro Group, Inc.	NRG Cedar Bayou Development Company, LLC	NRG Rockford Acquisition LLC
Cirro Energy Services, Inc.	NRG Connected Home LLC	NRG Saguaro Operations Inc.
Conemaugh Power LLC	NRG Connecticut Affiliate Services Inc.	NRG Security LLC
Connecticut Jet Power LLC	NRG Construction LLC	NRG Services Corporation
Cottonwood Development LLC	NRG Curtailment Solutions, Inc	NRG SimplySmart Solutions LLC
Cottonwood Energy Company LP	NRG Development Company Inc.	NRG South Central Affiliate Services Inc.
Cottonwood Generating Partners I LLC	NRG Devon Operations Inc.	NRG South Central Generating LLC
Cottonwood Generating Partners II LLC	NRG Dispatch Services LLC	NRG South Central Operations Inc.
Cottonwood Generating Partners III LLC	NRG Distributed Energy Resources Holdings LLC	NRG South Texas LP
Cottonwood Technology Partners LP	NRG Distributed Generation PR LLC	NRG SPV #1 LLC
Devon Power LLC	NRG Dunkirk Operations Inc.	NRG Texas C&I Supply LLC
Dunkirk Power LLC	NRG El Segundo Operations Inc.	NRG Texas Gregory LLC
Eastern Sierra Energy Company LLC	NRG Energy Efficiency-L LLC	NRG Texas Holding Inc.
El Segundo Power, LLC	NRG Energy Labor Services LLC	NRG Texas LLC
El Segundo Power II LLC	NRG ECOKAP Holdings LLC	NRG Texas Power LLC
Energy Alternatives Wholesale, LLC	NRG Energy Services Group LLC	NRG Warranty Services LLC
Energy Choice Solutions LLC	NRG Energy Services International Inc.	NRG West Coast LLC
Energy Plus Holdings LLC	NRG Energy Services LLC	NRG Western Affiliate Services Inc.
Energy Plus Natural Gas LLC	NRG Generation Holdings, Inc.	O'Brien Cogeneration, Inc. II
Energy Protection Insurance Company	NRG Greenco LLC	ONSITE Energy, Inc.
Everything Energy LLC	NRG Home & Business Solutions LLC	Oswego Harbor Power LLC
Forward Home Security, LLC	NRG Home Services LLC	Reliant Energy Northeast LLC
GCP Funding Company, LLC	NRG Home Solutions LLC	Reliant Energy Power Supply, LLC
Green Mountain Energy Company	NRG Home Solutions Product LLC	Reliant Energy Retail Holdings, LLC
Gregory Partners, LLC	NRG Homer City Services LLC	Reliant Energy Retail Services, LLC
Gregory Power Partners LLC	NRG Huntley Operations Inc.	RERH Holdings, LLC
Huntley Power LLC	NRG HQ DG LLC	Saguaro Power LLC
Independence Energy Alliance LLC	NRG Identity Protect LLC	Somerset Operations Inc.
Independence Energy Group LLC	NRG Ilion Limited Partnership	Somerset Power LLC
Independence Energy Natural Gas LLC	NRG Ilion LP LLC	Texas Genco GP, LLC
Indian River Operations Inc.	NRG International LLC	Texas Genco Holdings, Inc.
Indian River Power LLC	NRG Maintenance Services LLC	Texas Genco LP, LLC
Keystone Power LLC	NRG Mextrans Inc.	Texas Genco Services, LP
Langford Wind Power, LLC	NRG MidAtlantic Affiliate Services Inc.	US Retailers LLC
Louisiana Generating LLC	NRG Middletown Operations Inc.	Vienna Operations Inc.
Meriden Gas Turbines LLC	NRG Montville Operations Inc.	Vienna Power LLC
Middletown Power LLC	NRG New Roads Holdings LLC	WCP (Generation) Holdings LLC
Montville Power LLC	NRG North Central Operations Inc.	West Coast Power LLC
NEO Corporation	NRG Northeast Affiliate Services Inc.

Condensed Consolidating Statement of Operations

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

For the Year Ended December 31, 2017



	Guarantor Subsidiaries				Non-Guarantor Subsidiaries				NRG Energy, Inc. (Note Issuer)			Eliminations^(a)			Consolidated Balance
	(In millions)
Operating Revenues
Total operating revenues	$	7,182		—	$	3,699		—	$	—		$	(252	)	$	10,629
Operating Costs and Expenses
Cost of operations	5,373				2,353				59			(249		)	7,536
Depreciation and amortization	405				619				32			—			1,056
Impairment losses	1,463				246				—			—			1,709
Selling, general and administrative	371				146				393			(3		)	907
Reorganization costs	6				—				38			—			44
Development costs	—				49				18			—			67
Total operating costs and expenses	7,618				3,413				540			(252		)	11,319
Other income - affiliate	—				—				87			—			87
Gain on sale of assets	4				12				—			—			16
Operating (Loss)/Income	(432		)		298				(453		)	—			(587		)
Other (Expense)/Income
Equity in (losses)/earnings of consolidated subsidiaries	(1,162		)		(113		)		26			1,249			—
Equity in earnings/(losses) of unconsolidated affiliates	—				95				(4		)	(60		)	31
Impairment losses on investments	—				(75		)		(4		)	—			(79		)
Other income, net	9				17				12			—			38
Net loss on debt extinguishment	—				(4		)		(49		)	—			(53		)
Interest expense	(14		)		(424		)		(452		)	—			(890		)
Total other expense	(1,167		)		(504		)		(471		)	1,189			(953		)
Loss from Continuing Operations Before Income Taxes	(1,599		)		(206		)		(924		)	1,189			(1,540		)
Income tax (benefit)/expense	(598		)		(10		)		616			—			8
Loss from Continuing Operations	(1,001		)		(196		)		(1,540		)	1,189			(1,548		)
Loss from Discontinued Operations, net of income tax	—				(160		)		(629		)	—			(789		)
Net Loss	(1,001		)		(356		)		(2,169		)	1,189			(2,337		)
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	—				(108		)		(16		)	(60		)	(184		)
Net Loss Attributable to NRG Energy, Inc.	$	(1,001	)		$	(248	)		$	(2,153	)	$	1,249		$	(2,153	)


(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, 2016



	Guarantor Subsidiaries				Non-Guarantor Subsidiaries				NRG Energy, Inc. (Note Issuer)			Eliminations^(a)			Consolidated Balance
	(In millions)
Operating Revenues
Total operating revenues	$	7,509		—	$	3,222		—	$	—		$	(219	)	$	10,512
Operating Costs and Expenses
Cost of operations	5,402				2,080				42			(223		)	7,301
Depreciation and amortization	565				581				26			—			1,172
Impairment losses	378				324				—			—			702
Selling, general and administrative	415				192				488			—			1,095
Development costs	—				59				30			—			89
Total operating costs and expenses	6,760				3,236				586			(223		)	10,359
Other income - affiliate	—				—				193			—			193
Loss on sale of assets	(1		)		—				(79		)	—			(80		)
Operating Income/(Loss)	748				(14		)		(472		)	4			266
Other (Expense)/Income
Equity in (losses)/earnings of consolidated subsidiaries	(176		)		(5		)		313			(132		)	—
Equity in earnings/(losses) of unconsolidated affiliates	5				36				(4		)	(10		)	27
Impairment losses on investments	—				(252		)		(16		)	—			(268		)
Other income, net	4				23				9			(2		)	34
Net loss on debt extinguishment	—				(4		)		(138		)	—			(142		)
Interest expense	(15		)		(396		)		(484		)	—			(895		)
Total other expense	(182		)		(598		)		(320		)	(144		)	(1,244		)
Income/(Loss) from Continuing Operations Before Income Taxes	566				(612		)		(792		)	(140		)	(978		)
Income tax (benefit)/expense	(1		)		7				(63		)	62			5
Income/(Loss) from Continuing Operations	567				(619		)		(729		)	(202		)	(983		)
Income from Discontinued Operations, net of income tax	—				81				11			—			92
Net Income/(Loss)	567				(538		)		(718		)	(202		)	(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.	$	567			$	(435	)		$	(774	)	$	(132	)	$	(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.			Eliminations^(a)			Consolidated Balance
	(In millions)
Operating Revenues
Total operating revenues	$	9,881		—	$	2,541		—	$	—		$	(94	)	$	12,328
Operating Costs and Expenses
Cost of operations	7,610				1,470				14			(94		)	9,000
Depreciation and amortization	751				580				20			—			1,351
Impairment losses	4,494				366				—			—			4,860
Selling, general and administrative	468				204				556			—			1,228
Development costs	—				61				93			—			154
Total operating costs and expenses	13,323				2,681				683			(94		)	16,593
Other income - affiliate	—				—				193			—			193
Gain on postretirement benefits curtailment	—				21				—			—			21
Operating Loss	(3,442		)		(119		)		(490		)	—			(4,051		)
Other (Expense)/Income
Equity in losses of consolidated subsidiaries	(109		)		(1		)		(2,800		)	2,910			—
Equity in earnings of unconsolidated affiliates	8				37				—			(9		)	36
Impairment losses on investments	—				(25		)		(31		)	—			(56		)
Other income, net	4				21				1			—			26
Loss on sale of equity-method investment	—				—				(14		)	—			(14		)
Net (loss)/gain on debt extinguishment	—				(9		)		19			—			10
Interest expense	(14		)		(366		)		(557		)	—			(937		)
Total other expense	(111		)		(343		)		(3,382		)	2,901			(935		)
Loss from Continuing Operations Before Income Taxes	(3,553		)		(462		)		(3,872		)	2,901			(4,986		)
Income tax (benefit)/expense	(1,104		)		(93		)		2,489			53			1,345
Loss from Continuing Operations	(2,449		)		(369		)		(6,361		)	2,848			(6,331		)
Loss/(income) from Discontinued Operations, net of income tax	—				(115		)		10			—			(105		)
Net Loss	(2,449		)		(484		)		(6,351		)	2,848			(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.	$	(2,449	)		$	(461	)		$	(6,382	)	$	2,910		$	(6,382	)


(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 (LOSS)/INCOME

For the Year Ended December 31, 2017



	Guarantor Subsidiaries				Non-Guarantor Subsidiaries				NRG Energy, Inc. (Note Issuer)				Eliminations^(a)			Consolidated Balance
	(In millions)
Net Loss	$	(1,001	)		$	(356	)		$	(2,169	)		$	1,189		$	(2,337	)
Other Comprehensive (Loss)/Income, net of tax
Unrealized gain on derivatives, net	1				13				25				(26		)	13
Foreign currency translation adjustments, net	6				7				—				(1		)	12
Available-for-sale securities, net	—				—				(8		)		—			(8		)
Defined benefit plan, net	(24		)		29				41				—			46
Other comprehensive (loss)/income	(17		)		49				58				(27		)	63
Comprehensive Loss	(1,018		)		(307		)		(2,111		)		1,162			(2,274		)
Less: Comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests	—			—	(103		)	—	(16		)	—	(60		)	(179		)
Comprehensive Loss Attributable to NRG Energy, Inc.	$	(1,018	)		$	(204	)		$	(2,095	)		$	1,222		$	(2,095	)


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

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME

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)	$	567		$	(538	)		$	(718	)		$	(202	)	$	(891	)
Other Comprehensive Income, 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	34			(13		)		(51		)		33			3
Other comprehensive income	33			18				38				(51		)	38
Comprehensive Income/(Loss)	600			(520		)		(680		)		(253		)	(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.	600			(417		)	—	(736		)		(183		)	(736		)
Dividends for preferred shares	—			—				5			—	—			5
Gain on redemption of preferred shares	—			—				(78		)		—			(78		)
Comprehensive Income/(Loss) Available for Common Stockholders	$	600		$	(417	)		$	(663	)		$	(183	)	$	(663	)


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

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME

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	$	(2,449	)	$	(484	)	$	(6,351	)	$	2,848		$	(6,436	)
Other Comprehensive (Loss)/Income, net of tax
Unrealized (loss)/gain on derivatives, net	(8		)	(16		)	48			(39		)	(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	(30		)	(39		)	20			50			1
Comprehensive Loss	(2,479		)	(523		)	(6,331		)	2,898			(6,435		)
Less: Comprehensive (loss)/income attributable to noncontrolling interest	—			(42		)	31			(62		)	(73		)
Comprehensive Loss Attributable to NRG Energy, Inc.	(2,479		)	(481		)	(6,362		)	2,960			(6,362		)
Dividends for preferred shares	—			—			20			—			20
Comprehensive Loss Available for Common Stockholders	$	(2,479	)	$	(481	)	$	(6,382	)	$	2,960		$	(6,382	)


(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, 2017



	Guarantor Subsidiaries			Non-Guarantor Subsidiaries				NRG Energy, Inc.				Eliminations^(a)			Consolidated Balance
	(In millions)
ASSETS
Current Assets
Cash and cash equivalents	$	—		$	348			$	643			$	—		$	991
Funds deposited by counterparties	37			—				—				—			37
Restricted cash	4			504				—				—			508
Accounts receivable - trade	769			306				4				—			1,079
Inventory	339			193				—				—			532
Derivative instruments	625			80				9				(88		)	626
Cash collateral posted in support of energy risk management activities	170			1				—				—			171
Accounts receivable - affiliate	712			210				(129		)		(698		)	95
Current assets held-for-sale	8			107				—				—			115
Prepayments and other current assets	116			118				27				—			261
Total current assets	2,780			1,867				554				(786		)	4,415
Net Property, Plant and Equipment	2,527			11,169			—	238			—	(26		)	13,908
Other Assets
Investment in subsidiaries	(106		)	28			—	7,581				(7,503		)	—
Equity investments in affiliates	—			1,036				2				—			1,038
Notes receivable, less current portion	—			2				36				(36		)	2
Goodwill	360			179				—				—			539
Intangible assets, net	458			1,291				—				(3		)	1,746
Nuclear decommissioning trust fund	692			—				—				—			692
Deferred income taxes	377			(7		)		(236		)		—			134
Derivative instruments	121			40				31				(20		)	172
Non-current assets held-for-sale	—			43				—				—			43
Other non-current assets	51			458				120				—			629
Total other assets	1,953			3,070				7,534				(7,562		)	4,995
Total Assets	$	7,260		$	16,106			$	8,326			$	(8,374	)	$	23,318
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Current portion of long-term debt and capital leases	$	—		$	667			$	57			$	(36	)	$	688
Accounts payable	546			280				55				—			881
Accounts payable - affiliate	752			(202		)		181				(698		)	33
Derivative instruments	535			108				—				(88		)	555
Cash collateral received in support of energy risk management activities	37			—				—				—			37
Accrued interest expense	3			56				97				—			156
Current liabilities - held-for-sale	—			72				—				—			72
Other accrued expenses and other current liabilities	288			118				328				—			734
Other accrued expenses and other current liabilities - affiliate	—			—				161				—			161
Total current liabilities	2,161			1,099				879				(822		)	3,317
Other Liabilities
Long-term debt and capital leases	244			8,733				6,739				—			15,716
Nuclear decommissioning reserve	269			—				—				—			269
Nuclear decommissioning trust liability	415			—				—				—			415
Postretirement and other benefit obligations	118			1				339				—			458
Deferred income taxes	112			64				(155		)		—			21
Derivative instruments	110			107				—				(20		)	197
Out-of-market contracts, net	66			141				—				—			207
Non-current liabilities held-for-sale	—			8				—				—			8
Other non-current liabilities	295			317				52				—			664
Total non-current liabilities	1,629			9,371				6,975				(20		)	17,955
Total Liabilities	3,790			10,470				7,854				(842		)	21,272
Redeemable noncontrolling interest in subsidiaries	—			78				—				—			78
Stockholders' Equity	3,470			5,558				472				(7,532		)	1,968
Total Liabilities and Stockholders' Equity	$	7,260		$	16,106			$	8,326			$	(8,374	)	$	23,318


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

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

December 31, 2016



	Guarantor Subsidiaries			Non-Guarantor Subsidiaries				NRG Energy, Inc.				Eliminations^(a)			Consolidated Balance

ASSETS
Current Assets
Cash and cash equivalents	$	—		$	615			$	323			$	—		$	938
Funds deposited by counterparties	2			—				—				—			2
Restricted cash	11			435				—				—			446
Accounts receivable - trade	734			321				3				—			1,058
Inventory	482			239				—				—			721
Derivative instruments	962			196				1				(92		)	1,067
Cash collateral posted in support of energy risk management activities	116			34				—				—			150
Accounts receivable - affiliate	307			(254		)		200				(139		)	114
Current assets held-for-sale	—			9				—				—			9
Prepayments and other current assets	76			152				62				—			290
Current assets - discontinued operations	—			1,919				—				—			1,919
Total current assets	2,690			3,666				589				(231		)	6,714
Net Property, Plant and Equipment	4,219			10,926				251				(27		)	15,369
Other Assets
Investment in subsidiaries	1,090			145				10,128				(11,363		)	—
Equity investments in affiliates	(13		)	1,103				30				—			1,120
Notes receivable, less current portion	—			16				(76		)		76			16
Goodwill	359			303				—				—			662
Intangible assets, net	592			1,384				—				(3		)	1,973
Nuclear decommissioning trust fund	610			—				—				—			610
Derivative instruments	144			44				36				(43		)	181
Deferred income taxes	3			—				222				—			225
Non-current assets held for sale	—			10				—				—			10
Other non-current assets	67			446				328				—			841
Non-current assets - discontinued operations	—			2,961				—				—			2,961
Total other assets	2,852			6,412				10,668				(11,333		)	8,599
Total Assets	$	9,761		$	21,004			$	11,508			$	(11,591	)	$	30,682
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Current portion of long-term debt and capital leases	$	—		$	498			$	(58	)		$	76		$	516
Accounts payable	501			247				34				—			782
Accounts payable - affiliate	753			(443		)		(200		)		(79		)	31
Derivative instruments	947			237				—				(92		)	1,092
Cash collateral received in support of energy risk management activities	81			—				—				—			81
Accrued interest expense	3			54				123				—			180
Other accrued expenses and other current liabilities	313			155				342				—			810
Current liabilities - discontinued operations	—			1,210				—				—			1,210
Total current liabilities	2,598			1,958				241				(95		)	4,702
Other Liabilities
Long-term debt and capital leases	244			8,252				7,461				—			15,957
Nuclear decommissioning reserve	287			—				—				—			287
Nuclear decommissioning trust liability	339			—				—				—			339
Postretirement and other benefit obligations	113			122				275				—			510
Deferred income taxes	186			125				(291		)		—			20
Derivative instruments	157			170				—				(43		)	284
Out-of-market contracts, net	80			150				—				—			230
Non-current liabilities held-for-sale	—			11				—				—			11
Other non-current liabilities	283			309				74				—			666
Other non-current liabilities - discontinued operations	—			3,184				—				—			3,184
Total non-current liabilities	1,689			12,323				7,519				(43		)	21,488
Total Liabilities	4,287			14,281				7,760				(138		)	26,190
Redeemable noncontrolling interest in subsidiaries	—			46				—				—			46
Stockholders' Equity	5,474			6,677			—	3,748			—	(11,453		)	4,446
Total Liabilities and Stockholders' Equity	$	9,761		$	21,004			$	11,508			$	(11,591	)	$	30,682


(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, 2017



	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			NRG Energy, Inc. (Note Issuer)			Eliminations^(a)			Consolidated Balance

Cash Flows from Operating Activities
Net loss	$	(1,001	)	$	(356	)	$	(2,169	)	$	1,189		$	(2,337	)
Loss from discontinued operations	—			(160		)	(629		)	—			(789		)
Net loss from continuing operations	(1,001		)	(196		)	(1,540		)	1,189			(1,548		)
Adjustments to reconcile net loss to net cash provided by operating activities:
Equity in earnings and distributions from unconsolidated affiliates	—			5			4			46			55
Depreciation and amortization	405			619			32			—			1,056
Provision for bad debts	54			2			12			—			68
Amortization of nuclear fuel	51			—			—			—			51
Amortization of financing costs and debt discount/premiums	—			42			18			—			60
Adjustment for debt extinguishment	—			4			49			—			53
Amortization of intangibles and out-of-market contracts	27			81			—			—			108
Amortization of unearned equity compensation	—			—			35			—			35
Net gain on sale of assets and equity method investments	(18		)	(16		)	—			—			(34		)
Impairment losses	1,463			321			4			—			1,788
Changes in derivative instruments	(100		)	(69		)	24			(26		)	(171		)
Changes in deferred income taxes and liability for uncertain tax benefits	(300		)	69			322			—			91
Changes in collateral deposits in support of energy risk management activities	(98		)	18			—			—			(80		)
Proceeds from sale of emission allowances	25			—			—			—			25
Changes in nuclear decommissioning trust liability	11			—			—			—			11
Cash (used)/provided by changes in other working capital	(363		)	(164		)	1,593			(1,209		)	(143		)
Cash provided by continuing operations	156			716			553			—			1,425
Cash used by discontinued operations	—			(38		)	—			—			(38		)
Net Cash Provided by Operating Activities	156			678			553			—			1,387
Cash Flows from Investing Activities
Dividends from NRG Yield, Inc.	—			—			94			(94		)	—
Acquisition of Drop Down Assets, net of cash acquired	—			(249		)	—			249			—
Intercompany dividends	—			—			129			(129		)	—
Acquisition of businesses, net of cash acquired	(14		)	(27		)	—			—			(41		)
Capital expenditures	(183		)	(906		)	(22		)	—			(1,111		)
Net cash proceeds from notes receivable	—			17			—			—			17
Proceeds from renewable energy grants	8			—			—			—			8
Proceeds from sale of emission allowances	66			—			—			—			66
Investments in nuclear decommissioning trust fund securities	(512		)	—			—			—			(512		)
Proceeds from sales of nuclear decommissioning trust fund securities	501			—			—			—			501
Proceeds from sale of assets, net	33			54			—			—			87
Investments in unconsolidated affiliates	—			(40		)	—			—			(40		)
Other	18			(6		)	—			—			12
Cash (used)/provided by continuing operations	(83		)	(1,157		)	201			26			(1,013		)
Cash used by discontinued operations	—			(53		)	—			—			(53		)
Net Cash (Used)/Provided by Investing Activities	(83		)	(1,210		)	201			26			(1,066		)
Cash Flows from Financing Activities
Dividends from NRG Yield, Inc.	—			(94		)	—			94			—
Payments from/(for) intercompany loans	(45		)	13			32			—			—
Acquisition of Drop Down Assets, net of cash acquired	—			—			249			(249		)	—
Intercompany dividends	—			(129		)	—			129			—
Payment of dividends to common and preferred stockholders	—			—			(38		)	—			(38		)
Net receipts from settlement of acquired derivatives that include financing elements	—			2			—			—			2
Payments for debt extinguishment costs	—			—			(42		)	—			(42		)
Distributions from, net of contributions to, noncontrolling interest in subsidiaries	—			95			—			—			95
Payments from issuance of common stock	—			—			(2		)	—			(2		)
Proceeds from issuance of long-term debt	—			1,186			1,084			—			2,270
Payment of debt issuance and hedging costs	—			(47		)	(16		)	—			(63		)
Payments for short and long-term debt	—			(647		)	(1,701		)	—			(2,348		)
Receivable from affiliate	—			(125		)	—			—			(125		)
Other	—			(10		)	—			—			(10		)
Cash provided/(used) by continuing operations	(45		)	244			(434		)	(26		)	(261		)
Cash used by discontinued operations	—			(224		)	—			—			(224		)
Net Cash Provided/(Used) by Financing Activities	(45		)	20			(434		)	(26		)	(485		)
Effect of exchange rate changes on cash and cash equivalents	—			(1		)	—			—			(1		)
Change in cash from discontinued operations	—			(315		)	—			—			(315		)
Net Increase/(Decrease) in Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties	28			(198		)	320			—			150
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at Beginning of Period	13			1,050			323			—			1,386
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at End of Period	$	41		$	852		$	643		$	—		$	1,536


(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, 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)	$	567		$	(538	)	$	(718	)	$	(202	)	$	(891	)
Income from discontinued operations	—			81			11			—			92
Net income/(loss) from continuing operations	567			(619		)	(729		)	(202		)	(983		)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Equity in earnings and distribution of unconsolidated affiliates	(5		)	52			5			2			54
Depreciation and amortization	565			581			26			—			1,172
Provision for bad debts	41			7			—			—			48
Amortization of nuclear fuel	49			—			—			—			49
Amortization of financing costs and debt discount/premiums	—			34			21			—			55
Adjustment for debt extinguishment	—			4			138			—			142
Amortization of intangibles and out-of-market contracts	39			128			—			—			167
Amortization of unearned equity compensation	—			—			10			—			10
Net loss on sale of assets and equity method investments, net	—			—			70			—			70
Impairment losses	378			578			16			—			972
Changes in derivative instruments	(77		)	145			(36		)	—			32
Changes in deferred income taxes and liability for uncertain tax benefits	(1		)	18			(60		)	—			(43		)
Changes in collateral deposits in support of energy risk management activities	437			(39		)	—			—			398
Proceeds from sale of emission allowances	34			—			—			—			34
Changes in nuclear decommissioning trust liability	41			—			—			—			41
Cash (used)/provided by changes in other working capital	(1,815		)	417			1,187			200			(11		)
Cash provided by continuing operations	253			1,306			648			—			2,207
Cash used by discontinued operations	—			(119		)	—			—			(119		)
Net Cash Provided by Operating Activities	253			1,187			648			—			2,088
Cash Flows from Investing Activities
Dividends from NRG Yield, Inc.	—			—			81			(81		)	—
Intercompany dividends	—			—			12			(12		)	—
Acquisition of Drop Down Assets, net of cash acquired	—			(77		)	—			77			—
Acquisition of businesses, net of cash acquired	—			(209		)	—			—			(209		)
Capital expenditures	(180		)	(748		)	(48		)	—			(976		)
Net cash proceeds from 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 fund securities	(551		)	—			—			—			(551		)
Proceeds from sales of nuclear decommissioning trust fund securities	510			—			—			—			510
Proceeds from sale of assets, net	—			56			17			—			73
Investments in unconsolidated affiliates	3			(26		)	—			—			(23		)
Other	27			—			8			—			35
Cash (used)/provided by continuing operations	(192		)	(951		)	70			(16		)	(1,089		)
Cash provided by discontinued operations	—			297			—			—			297
Net Cash (Used)/Provided by Investing Activities	(192		)	(654		)	70			(16		)	(792		)
Cash Flows from Financing Activities
Dividends from NRG Yield, Inc.	—			(81		)	—			81			—
Intercompany dividends	(52		)	40			—			12			—
Payments (for)/from intercompany loans	(52		)	(49		)	101			—			—
Acquisition of Drop Down Assets, net of cash acquired	—			—			77			(77		)	—
Payment of dividends to common and preferred stockholders	—			—			(76		)	—			(76		)
Net receipts from settlement of acquired derivatives that include financing elements	—			6			—			—			6
Payment for preferred shares	—			—			(226		)	—			(226		)
Payments for debt extinguishment costs	—			—			(121		)	—			(121		)
Distributions from, net of contributions to, noncontrolling interest 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
Payment of debt issuance and hedging costs	—			(29		)	(60		)	—			(89		)
Payments for short and long-term debt	(1		)	(983		)	(4,924		)	—			(5,908		)
Other	(3		)	(10		)	—			—			(13		)
Cash (used)/provided by continuing operations	(108		)	125			(1,088		)	16			(1,055		)
Cash provided by discontinued operations	—			140			—			—			140
Net Cash (Used)/Provided by Financing Activities	(108		)	265			(1,088		)	16			(915		)
Effect of exchange rate changes on cash and cash equivalents	—			1			—			—			1
Change in cash from discontinued operations	—			318			—			—			318
Net (Decrease)/Increase in Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties	(47		)	481			(370		)	—			64
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at Beginning of Period	60			569			693			—			1,322
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at End of Period	$	13		$	1,050		$	323		$	—		$	1,386

(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. (Note Issuer)			Eliminations^(a)			Consolidated Balance
	(In millions)
Cash Flows from Operating Activities
Net loss	$	(2,449	)	$	(484	)	$	(6,351	)	$	2,848		$	(6,436	)
(Loss)/income from discontinued operations	—			(115		)	10			—			(105		)
Net loss from continuing operations	(2,449		)	(369		)	(6,361		)	2,848			(6,331		)
Adjustments to reconcile net loss to net cash (used)/provided by operating activities:
Equity in earnings and distribution of unconsolidated affiliates	(5		)	54			—			(12		)	37
Depreciation and amortization	751			580			20			—			1,351
Provision for bad debts	58			3			3			—			64
Amortization of nuclear fuel	45			—			—			—			45
Amortization of financing costs and debt discount/premiums	—			21			26			—			47
Adjustment for debt extinguishment	—			9			(19		)	—			(10		)
Amortization of intangibles and out-of-market contracts	52			99			—			—			151
Amortization of unearned equity compensation	—			(2		)	41			—			39
Net loss on sale of assets and equity method investments	—			—			14			—			14
Gain on post retirement benefits curtailment	—			(21		)	—			—			(21		)
Impairment losses	4,494			391			31			—			4,916
Changes in derivative instruments	264			(29		)	—			—			235
Changes in deferred income taxes and liability for uncertain tax benefits	(1,092		)	(237		)	2,655			—			1,326
Changes in collateral deposits in support of energy risk management activities	(323		)	(11		)	—			—			(334		)
Proceeds from sale of emission allowances	(24		)	—			—			—			(24		)
Changes in nuclear decommissioning trust liability	(2		)	—			—			—			(2		)
Cash (used)/provided by changes in other working capital	(8,656		)	(907		)	12,183			(2,836		)	(216		)
Cash (used)/provided by continuing operations	(6,887		)	(419		)	8,593			—			1,287
Cash provided by discontinued operations	—			62			—			—			62
Net Cash (Used)/Provided by Operating Activities	(6,887		)	(357		)	8,593			—			1,349
Cash Flows from Investing Activities
Dividends from NRG Yield, Inc.	—			—			70			(70		)	—
Intercompany dividends	—			—			33			(33		)	—
Acquisition of Drop Down Assets, net of cash acquired	—			(698		)	—			698			—
Acquisition of business, net of cash acquired	—			(31		)	—			—			(31		)
Capital expenditures	(316		)	(654		)	(59		)	—			(1,029		)
Net cash proceeds from notes receivable	—			18			—			—			18
Proceeds from renewable energy grants	—			82			—			—			82
Proceeds from emission allowances, net of purchases	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	—			16			—			—			16
Cash (used)/provided by continuing operations	(272		)	(1,623		)	31			595			(1,269		)
Cash used by discontinued operations	—			(259		)	—			—			(259		)
Net Cash (Used)/Provided by Investing Activities	(272		)	(1,882		)	31			595			(1,528		)
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 Drop Down Assets, net of cash acquired	—			—			698			(698		)	—
Payment of dividends to common and preferred stockholders	—			—			(201		)	—			(201		)
Net receipts from settlement of acquired derivatives that include financing elements	—			14			—			—			14
Payment for treasury stock	—			—			(437		)	—			(437		)
Distributions from, net of contributions to, noncontrolling interest 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
Payment of debt issuance and hedging costs	—			(21		)	—			—			(21		)
Payments for short and long-term debt	—			(1,116		)	(246		)	—			(1,362		)
Other	—			(22		)	—			—			(22		)
Cash provided/(used) by continuing operations	7,183			1,610			(8,575		)	(595		)	(377		)
Cash used by discontinued operations	—			(55		)	—			—			(55		)
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
Change in cash from discontinued operations	—			(252		)	—			—			(252		)
Net Increase/(Decrease) in Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties	24			(422		)	49			—			(349		)
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at Beginning of Period	36			991			644			—			1,671
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at End of Period	$	60		$	569		$	693		$	—		$	1,322

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