SEC Filings

10-K
NRG ENERGY, INC. filed this Form 10-K on 02/29/2016
Entire Document
 
                

NRG Defined Benefit Plans
The annual net periodic benefit cost/(credit) related to NRG's pension and other postretirement benefit plans include the following components:
 
Year Ended December 31,
 
Pension Benefits
 
2015
 
2014
 
2013
 
(In millions)
Service cost benefits earned
$
32

 
$
30

 
$
30

Interest cost on benefit obligation
53

 
53

 
47

Expected return on plan assets
(62
)
 
(62
)
 
(55
)
Amortization of unrecognized net loss/(gain)
2

 
(6
)
 
9

Curtailment

 

 
(1
)
Net periodic benefit cost
$
25

 
$
15

 
$
30

 
Year Ended December 31,
 
Other Postretirement Benefits
 
2015
 
2014
 
2013
 
(In millions)
Service cost benefits earned
$
3

 
$
3

 
$
4

Interest cost on benefit obligation
9

 
9

 
9

Amortization of unrecognized prior service credit
(5
)
 
(17
)
 

Amortization of unrecognized net loss
1

 

 

Curtailment gain
(14
)
 

 

Net periodic benefit (credit)/cost
$
(6
)
 
$
(5
)
 
$
13

A comparison of the pension benefit obligation, other postretirement benefit obligations and related plan assets for NRG's plans on a combined basis is as follows:
 
As of December 31,
 
Pension Benefits
 
Other Postretirement
Benefits
 
2015
 
2014
 
2015
 
2014
 
(In millions)
Benefit obligation at January 1
$
1,305

 
$
1,060

 
$
238

 
$
191

Obligations resulting from the EME acquisition

 
43

 

 
16

Service cost
32

 
30

 
3

 
3

Interest cost
53

 
53

 
9

 
9

Plan amendments

 

 
(6
)
 
(18
)
Actuarial (gain)/loss
(120
)
 
174

 
(31
)
 
46

Employee and retiree contributions

 

 
2

 
3

Benefit payments
(74
)
 
(55
)
 
(12
)
 
(12
)
Curtailment

 

 
(25
)
 

Benefit obligation at December 31
1,196

 
1,305

 
178

 
238

Fair value of plan assets at January 1
988

 
880

 

 

Actual return on plan assets
(26
)
 
85

 

 

Employee and retiree contributions

 

 
2

 
3

Employer contributions
28

 
78

 
10

 
9

Benefit payments
(74
)
 
(55
)
 
(12
)
 
(12
)
Fair value of plan assets at December 31
916

 
988

 

 

Funded status at December 31 — excess of obligation over assets
$
(280
)
 
$
(317
)
 
$
(178
)
 
$
(238
)

178