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SEC Filing Details

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

The Company has recognized the following in its statement of financial position, statement of operations and accumulated OCI related to its 44% interest in STP:
 
As of December 31,
 
Pension Benefits
 
Other Postretirement Benefits
 
2017
 
2016
 
2017
 
2016
 
(In millions)
Funded status — STPNOC benefit plans
$
(76
)
 
$
(74
)
 
$
(24
)
 
$
(23
)
Net periodic benefit cost/(credit)
8

 
7

 
(3
)
 
(2
)
Other changes in plan assets and benefit obligations recognized in other comprehensive (loss)/income
(6
)
 
11

 
5

 
(1
)
Defined Contribution Plans
NRG's employees are also eligible to participate in defined contribution 401(k) plans.
The Company's contributions to these plans were as follows:
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
(In millions)
Company contributions to defined contribution plans
$
56

 
$
55

 
$
53

Note 15 — Capital Structure
For the period from December 31, 2014 to December 31, 2017, the Company had 10,000,000 shares of preferred stock authorized, and 500,000,000 shares of common stock authorized. The following table reflects the changes in NRG's common shares issued and outstanding for each period presented:
 
Common
 
Issued
 
Treasury
 
Outstanding
Balance as of December 31, 2014
415,506,176

 
(78,843,552
)
 
336,662,624

Shares issued under ESPP

 
283,139

 
283,139

Shares issued under LTIPs
1,433,774

 

 
1,433,774

Share repurchases

 
(24,189,495
)
 
(24,189,495
)
Balance as of December 31, 2015
416,939,950

 
(102,749,908
)
 
314,190,042

Shares issued under ESPP

 
609,094

 
609,094

Shares issued under LTIPs
643,875

 

 
643,875

Balance as of December 31, 2016
417,583,825

 
(102,140,814
)
 
315,443,011

Shares issued under ESPP

 
560,769

 
560,769

Shares issued under LTIPs
739,309

 

 
739,309

Balance as of December 31, 2017
418,323,134

 
(101,580,045
)
 
316,743,089

Common Stock
The following table summarizes NRG's common stock reserved for the maximum number of shares potentially issuable based on the conversion and redemption features of the long-term incentive plans as of December 31, 2017:
Equity Instrument
Common Stock
Reserve Balance
Long-term incentive plans
19,597,433

Common stock dividends — In 2015, NRG paid quarterly dividends on the Company's common stock of $0.145 per share, or $0.58 per share on an annualized basis. In 2016, as part of the 2016 Capital Allocation Program, the Company decreased its annual common stock dividend by 79% to $0.12 per share for 2016 and 2017. The following table lists the dividends paid per common share during 2017, 2016 and 2015:

185