|NRG ENERGY, INC. filed this Form 10-K on 02/29/2016|
The following table summarizes the estimated environmental capital expenditures for the referenced periods by region:
NRG's current contracts with the Company's rural electrical customers in the Gulf Coast region allow for recovery of a portion of the regions' capital costs once in operation, along with a capital return incurred by complying with any change in law, including interest over the asset life of the required expenditures. The actual recoveries will depend, among other things, on the timing of the completion of the capital projects and the remaining duration of the contracts.
Common Stock Dividends
The following table lists the dividends paid during 2015:
On January 18, 2016, NRG declared a quarterly dividend on the Company's common stock of $0.145 per share, or $0.58 per share on an annualized basis, payable on February 16, 2016, to stockholders of record as of February 1, 2016. The Company's common stock dividends are subject to available capital, market conditions, and compliance with associated laws and regulations. On February 29, 2016, the Company announced a reduction in its common stock dividend to $0.12 per share on an annualized basis.
Preferred Stock Dividend Payments
For the year ended December 31, 2015, NRG paid $9 million in dividend payments to holders of the Company's 2.822% Preferred Stock.
Capital Allocation Program
The Company‘s plan to allocate capital during 2016 is as follows:
The Company will continue to monitor market conditions in light of the Company’s 2016 Capital Allocation Program to determine if adjustments are necessary in the future.