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SEC Filing Details

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


Year Ended December 31, 2016

Generation









(In millions except otherwise noted)
Gulf Coast

East/West(a)

Subtotal

Retail

Renewables

NRG Yield

Corporate/Eliminations

Total
Energy revenue
$
2,073


$
1,098


$
3,171


$


$
369


$
582


$
(991
)

$
3,131

Capacity revenue
293


598


891






345


(11
)

1,225

Retail revenue






6,336






21


6,357

Mark-to-market for economic hedging activities
(518
)

(48
)

(566
)



(6
)



(70
)

(642
)
Contract amortization
15




15


(1
)

(1
)

(69
)



(56
)
Other revenue (b)
237


85


322




44


177


(46
)

497

Operating revenue
2,100


1,733


3,833


6,335


406


1,035


(1,097
)

10,512

Cost of fuel
(938
)

(469
)

(1,407
)

(8
)

(3
)

(33
)

130


(1,321
)
Other costs of sales(c) 
(387
)

(299
)

(686
)

(4,679
)

(11
)

(28
)

898


(4,506
)
Mark-to-market for economic hedging activities
71


2


73


365






70


508

Contract and emission credit amortization
(29
)

(5
)

(34
)

(6
)



(6
)

3


(43
)
Gross margin
$
817


$
962


$
1,779


$
2,007


$
392


$
968


$
4


$
5,150

Less: Mark-to-market for economic hedging activities, net
(447
)

(46
)

(493
)

365


(6
)





(134
)
Less: Contract and emission credit amortization, net
(14
)

(5
)

(19
)

(7
)

(1
)

(75
)

3


(99
)
Economic gross margin
$
1,278


$
1,013


$
2,291


$
1,649


$
399


$
1,043


$
1


$
5,383

Business Metrics























MWh sold (thousands)(d)(e)
52,929


25,995








3,827


7,363







MWh generated (thousands)(f)
47,828


17,114








3,827


9,264







(a) Includes International, BETM and Generation eliminations.
(b) Renewables Other revenue includes $19 million of intercompany revenue to NRG Yield.
(c) Includes purchased energy, capacity and emissions credits.
(d) MWh sold excludes generation at facilities in the West and NRG Yield that generate revenue under tolling agreements.
(e) Does not include MWh of 71 thousand or MWt of 1,966 thousand for thermal sold by NRG Yield.
(f) Does not include MWh of 275 thousand or MWt of 1,966 thousand for thermal generated by NRG Yield.

The table below represents the weather metrics for 2017 and 2016:
 
Years ended December 31,
Quarters ended December 31,
Quarters ended September 30,
Quarters ended June 30,
Quarters ended March 31,
Weather Metrics
Gulf Coast(b)
 
East/West
 
Gulf Coast(b)
 
East/West
 
Gulf Coast(b)
 
East/West
 
Gulf Coast(b)
 
East/West
 
Gulf Coast(b)
 
East/West
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CDDs(a)
2,949

 
1,155

 
296

 
84

 
1,528

 
770

 
921

 
281

 
204

 
20

HDDs(a)
1,383

 
3,199

 
710

 
1,157

 
1

 
34

 
41

 
380

 
631

 
1,628

2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CDDs
2,966

 
1,169

 
362

 
71

 
1,655

 
806

 
873

 
273

 
76

 
19

HDDs
1,529

 
3,191

 
545

 
1,145

 

 
23

 
53

 
410

 
931

 
1,613

10 year average
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CDDs
2,904

 
1,043

 
249

 
67

 
1,617

 
705

 
957

 
254

 
81

 
17

HDDs
1,903

 
3,504

 
736

 
1,227

 
6

 
40

 
75

 
438

 
1,086

 
1,799

(a)
National Oceanic and Atmospheric Administration-Climate Prediction Center - A Cooling Degree Day, or CDD, represents the number of degrees that the mean temperature for a particular day is above 65 degrees Fahrenheit in each region. A Heating Degree Day, or HDD, represents the number of degrees that the mean temperature for a particular day is below 65 degrees Fahrenheit in each region. The CDDs/HDDs for a period of time are calculated by adding the CDDs/HDDs for each day during the period.
(b) CDDs/HDDs for the Gulf Coast region represent an average of cumulative population-weighted CDDs/HDDs for Texas and the West South-Central Climate region.

71