Financing Activities (Tables)

3 Months Ended

Mar. 31, 2016

The following secured revolving credit facilities were in place at:



	March 31, 2016									December 31, 2015
	Expiration Date	Capacity		Borrowed		Letters of Credit Issued		Unused Capacity		Borrowed		Letters of Credit Issued
Talen Energy Supply RCF (a)	June 2020	$	1,850	$	—	$	157	$	1,693	$	500	$	163
New MACH Gen RCF (b)	July 2021	160		127		31		2		108		31
Total Credit Facilities		$	2,010	$	127	$	188	$	1,695	$	608	$	194

(a)

The facility is syndicated and provides Talen Energy Supply the ability to make revolving cash borrowings and to request the lenders to issue up to $925 million of letters of credit, which in combination cannot exceed the capacity of the facility at any given time. The weighted average interest rate on outstanding borrowings was 2.67% at December 31, 2015. The amounts borrowed are recorded as "Short-term debt" on the Balance Sheet.

(b)

The facility provides New MACH Gen the ability to make revolving cash borrowings and to request the lenders to issue up to $120 million of letters of credit, which in combination cannot exceed the capacity of the facility at any given time. The weighted average interest rate on outstanding borrowings was 5.14% and 5.04% at March 31, 2016 and December 31, 2015. The amounts borrowed are recorded on the Balance Sheets as "Long-term debt" at March 31, 2016 and as "Short-term debt" at December 31, 2015. The classification as current at December 31, 2015 was based on Talen Energy's intent and ability to repay outstanding borrowings within the next year.