XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Debt and Capital Leases (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
Debt Disclosure [Abstract] |
Long-term debt and capital leases | Long-term debt and capital leases consisted of the following:
(In millions, except rates) | June 30, 2018 |  | December 31, 2017 |  | June 30, 2018 interest rate % (a)
Recourse debt: |  |  |  |  |
Senior Notes, due 2022 | $ | 977 |  |  | $ | 992 |  |  | 6.250
Senior Notes, due 2024 | 733 |  |  | 733 |  |  | 6.250
Senior Notes, due 2026 | 1,000 |  |  | 1,000 |  |  | 7.250
Senior Notes, due 2027 | 1,250 |  |  | 1,250 |  |  | 6.625
Senior Notes, due 2028 | 841 |  |  | 870 |  |  | 5.750
Convertible Senior Notes, due 2048 | 575 |  |  | — |  |  | 2.750
Revolving loan facility, due 2018 and 2021 | 26 |  |  | — |  |  | L+1.75
Term loan facility, due 2023 | 1,862 |  |  | 1,872 |  |  | L+1.75
Tax-exempt bonds | 465 |  |  | 465 |  |  | 4.125 - 6.00
Subtotal recourse debt | 7,729 |  |  | 7,182 |  |  |
Non-recourse debt: |  |  |  |  |
NRG Yield, Inc. Convertible Senior Notes, due 2019 | 345 |  |  | 345 |  |  | 3.500
NRG Yield, Inc. Convertible Senior Notes, due 2020 | 288 |  |  | 288 |  |  | 3.250
NRG Yield Operating LLC Senior Notes, due 2024 | 500 |  |  | 500 |  |  | 5.375
NRG Yield Operating LLC Senior Notes, due 2026 | 350 |  |  | 350 |  |  | 5.000
NRG Yield LLC and NRG Yield Operating LLC Revolving Credit Facility, due 2023(b) | — |  |  | 55 |  |  | L+1.75
El Segundo Energy Center, due 2023 | 369 |  |  | 400 |  |  | L+1.75 - L+2.375
Marsh Landing, due 2023 | 305 |  |  | 318 |  |  | L+2.125
Alta Wind I - V lease financing arrangements, due 2034 and 2035 | 901 |  |  | 926 |  |  | 5.696 - 7.015
Walnut Creek, term loans due 2023 | 254 |  |  | 267 |  |  | L+1.625
Utah Portfolio, due 2022 | 273 |  |  | 278 |  |  | various
Tapestry, due 2021 | 155 |  |  | 162 |  |  | L+1.625
CVSR, due 2037 | 731 |  |  | 746 |  |  | 2.339 - 3.775
CVSR HoldCo, due 2037 | 188 |  |  | 194 |  |  | 4.680
Alpine, due 2022 | 133 |  |  | 135 |  |  | L+1.750
Energy Center Minneapolis, due 2031, 2033, 2035 and 2037 | 328 |  |  | 208 |  |  | various
Viento, due 2023 | 154 |  |  | 163 |  |  | L+3.00
Buckthorn Solar, due 2018 and 2025 | 132 |  |  | 169 |  |  | L+1.750
NRG Yield - other | 564 |  |  | 579 |  |  | various
Subtotal NRG Yield debt (non-recourse to NRG) (c) | 5,970 |  |  | 6,083 |  |  |
Ivanpah, due 2033 and 2038 (e) | — |  |  | 1,073 |  |  | 2.285 - 4.256
Carlsbad Energy Project (c) | 513 |  |  | 427 |  |  | L+1.625 - 4.120
Agua Caliente, due 2037 | 812 |  |  | 818 |  |  | 2.395 - 3.633
Agua Caliente Borrower 1, due 2038 | 86 |  |  | 89 |  |  | 5.430
Cedro Hill, due 2025 (c) | 144 |  |  | 151 |  |  | L+1.75
Midwest Generation, due 2019 | 108 |  |  | 152 |  |  | 4.390
NRG Other Renewables (c) | 623 |  |  | 478 |  |  | various
NRG Other | 107 |  |  | 180 |  |  | various
Subtotal other NRG non-recourse debt | 2,393 |  |  | 3,368 |  |  |
Subtotal all non-recourse debt | 8,363 |  |  | 9,451 |  |  |
Subtotal long-term debt (including current maturities) | 16,092 |  |  | 16,633 |  |  |
Capital leases | 3 |  |  | 5 |  |  | various
Subtotal long-term debt and capital leases (including current maturities) | 16,095 |  |  | 16,638 |  |  |
Less current maturities(d) | (952 | ) |  | (688 | ) |  |
Less debt issuance costs | (199 | ) |  | (204 | ) |  |
Discounts | (123 | ) |  | (30 | ) |  |
Total long-term debt and capital leases | $ | 14,821 |  |  | $ | 15,716 |  |  |
(a) As of June 30, 2018, L+ equals 3-month LIBOR plus x%, except for Carlsbad, the Buckthorn Solar and Utah Solar Portfolio where L+ equals 1 month LIBOR plus x% and Viento where L+ equals 6-month LIBOR plus x%. (b) Applicable rate is determined by the Borrower Leverage Ratio, as defined in the credit agreement. (c) Debt associated with the asset sales announced in February 2018. (d) The NRG Yield, Inc. Convertible Senior Notes, due 2019, become due in February 2019 and are recorded in current maturities as of June 30, 2018. (e) The Company deconsolidated Ivanpah during the second quarter of 2018.
Senior notes repurchased |
| Principal Repurchased |  | Cash Paid (a) |  | Average Early Redemption Percentage
In millions, except rates |  |  |  |  |
5.750% senior notes due 2028 | $ | 29 |  |  | $ | 30 |  |  | 99.24 | %
6.250% senior notes due 2022 | 14 |  |  | 15 |  |  | 103.25 | %
Total at June 30, 2018 | $ | 43 |  |  | $ | 45 |  |  |
6.250% senior notes due 2022 | 6 |  |  | 6 |  |  | 103.25 | %
5.750% senior notes due 2028 | 20 |  |  | 21 |  |  | 99.13 | %
6.625% senior notes due 2027 | 20 |  |  | 21 |  |  | 103.06 | %
Total at August 2, 2018 | $ | 89 |  |  | $ | 93 |  |  |
(a) Includes payment for accrued interest of $1 million.
Energy Center Minneapolis Series Notes | On June 19, 2018, NRG Energy Center Minneapolis, a subsidiary of NRG Yield LLC, entered into an amended and restated Thermal note purchase and private shelf agreement whereas it authorized the issuance of the Series E Notes, Series F Notes, Series G Notes, and Series H Notes, as further described in the table below:
| Amount |  | Interest Rate
In millions, except rates |  |  |
Energy Center Minneapolis Series E Notes, due 2033 | $ | 70 |  |  | 4.80 | %
Energy Center Minneapolis Series F Notes, due 2033 | 10 |  |  | 4.60 | %
Energy Center Minneapolis Series G Notes, due 2035 | 83 |  |  | 5.90 | %
Energy Center Minneapolis Series H Notes, due 2037 | 40 |  |  | 4.83 | %
Total proceeds | $ | 203 |  |  |
Repayment of Energy Center Minneapolis Series C Notes, due 2025 | (83 | ) |  | 5.95 | %
Net borrowings | $ | 120 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of debt instruments or arrangements with redemption features. Includes, but is not limited to, description of debt redemption features, percentage price at which debt can be redeemed by the issuer, and period start and end for debt maturity or redemption. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRedemptionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration