XML 83 R56.htm IDEA: XBRL DOCUMENT v3.24.0.1
Capital Structure (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Changes in NRG's common shares issued and outstanding The following table reflects the changes in NRG's preferred and common shares issued and outstanding for each period presented:
 Preferred SharesCommon Shares
 Issued and OutstandingIssuedTreasuryOutstanding
Balance as of December 31, 2020— 423,057,848 (178,825,915)244,231,933 
Shares issued under ESPP— — 117,392 117,392 
Shares issued under LTIPs— 489,326 — 489,326 
Share repurchases— — (1,084,752)(1,084,752)
Balance as of December 31, 2021— 423,547,174 (179,793,275)243,753,899 
Shares issued under ESPP— — 142,825 142,825 
Shares issued under LTIPs— 349,827 — 349,827 
Share repurchases— — (14,685,521)(14,685,521)
Balance as of December 31, 2022— 423,897,001 (194,335,971)229,561,030 
Issuance of Series A Preferred Stock650,000 — — — 
Shares issued under ESPP— — 191,249 191,249 
Shares issued under LTIPs— 1,109,611 — 1,109,611 
Share repurchases— — (22,730,940)(22,730,940)
Retirement of treasury stock— (157,676,142)157,676,142 — 
Balance as of December 31, 2023650,000 267,330,470 (59,199,520)208,130,950 
Shares issued under LTIPs— 660,267 — 660,267 
Share repurchases— — (770,205)(770,205)
Retirement of treasury stock— (770,205)770,205 — 
Balance as of February 1, 2024650,000 267,220,532 (59,199,520)208,021,012 
Summary of shares repurchased
The following table summarizes the share repurchases made from 2021 through February 1, 2024:
Total number of shares purchasedAverage price paid per shareAmounts paid for shares purchased (in millions)
2021 Repurchases:
Open market repurchases(a)
1,084,752 $40.85 $44 
2022 Repurchases:
Open market repurchases
14,685,521 40.48 595 
2023 Repurchases:
Open market repurchases
5,054,798 200 
Repurchases made under the accelerated share repurchase agreements(b)
17,676,142 950 
Total Share Repurchases during 202322,730,940 (e)$1,150 
(c)
Repurchases made subsequent to December 31, 2023 under the accelerated share repurchase agreements(d)
770,205 — 
Total Share Repurchases January 1, 2023 through February 1, 202423,501,145 (e)$1,150 
(a)Includes $5 million accrued as of December 31, 2021
(b)Initial and interim shares delivered under the November 6, 2023 accelerated share repurchase agreements
(c)Excludes $10 million accrued for excise tax owed as of December 31, 2023
(d)Additional shares delivered under the November 6, 2023 accelerated share repurchase agreements
(e)The total number of shares delivered and the average price per share under the ASR agreements will be determined at the end of the ASR period