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SEC Filing Details

10-K
NRG ENERGY, INC. filed this Form 10-K on 03/01/2018
Entire Document
 

 
As of December 31, 2016
 
Fair Value
 
Total
 
Level 1
 
Level 2
 
Level 3
 
 
 
 
 
 
 
 
Investments in securities (classified within other non-current assets):

 
 
 
 
 
 
Debt securities
$
17

 
$

 
$

 
$
17

Available-for-sale securities
10

 
10

 

 

Nuclear trust fund investments:


 
 
 
 
 
 
Cash and cash equivalents
25

 
25

 

 

U.S. government and federal agency obligations
73

 
72

 
1

 

Federal agency mortgage-backed securities
62

 

 
62

 

Commercial mortgage-backed securities
17

 

 
17

 

Corporate debt securities
84

 

 
84

 

Equity securities
292

 
292

 

 

Foreign government fixed income securities
3

 

 
3

 

Other trust fund investments:
 
 
 
 
 
 
 
U.S. government and federal agency obligations
1

 
1

 

 

Derivative assets:
 
 
 
 
 
 
 
Commodity contracts
1,199

 
560

 
549

 
90

Interest rate contracts
49

 

 
49

 

Measured using net asset value practical expedient:
 
 
 
 
 
 
 
Equity securities
54

 
 
 
 
 
 
Total assets
$
1,886

 
$
960

 
$
765

 
$
107

Derivative liabilities:


 
 
 
 
 
 
Commodity contracts
$
1,288

 
$
494

 
$
636

 
$
158

Interest rate contracts
88

 

 
88

 

Total liabilities
$
1,376

 
$
494

 
$
724

 
$
158

There have been no transfers during the year ended December 31, 2017 between Levels 1 and 2. The following tables reconcile, for the years ended December 31, 2017 and 2016, the beginning and ending balances for financial instruments that are recognized at fair value in the consolidated financial statements at least annually using significant unobservable inputs:
 
For the Year Ended December 31, 2017
 
Fair Value Measurement Using Significant Unobservable Inputs (Level 3)
 
Debt
Securities
 
Derivatives (a)
 
Total
 
(In millions)
Beginning balance as of January 1, 2017
$
17

 
$
(68
)
 
$
(51
)
Total gains/(losses) realized/unrealized:
 
 
 
 
 
Included in earnings
2

 
43

 
45

Included in nuclear decommissioning obligations

 

 

Purchases

 
(23
)
 
(23
)
Contracts reclassified to held-for-sale

 
4

 
4

Transfers into Level 3 (b)

 
(1
)
 
(1
)
Transfers out of Level 3 (b)

 
13

 
13

Ending balance as of December 31, 2017
$
19

 
$
(32
)
 
$
(13
)
Gains for the period included in earnings attributable to the change in unrealized gains or losses relating to assets or liabilities still held as of December 31, 2017
$
2

 
$
6

 
$
8

(a)
Consists of derivatives assets and liabilities, net.
(b)
Transfers into/out of Level 3 are related to the availability of external broker quotes, and are valued as of the end of the reporting period. All transfers into/out of Level 3 are from/to Level 2.

152