> l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1Courier New1Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)**_($* #,##0_);_($* (#,##0);_($* ""_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* ""_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* ""??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* ""??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)60%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0) + ) , * Ј ~~ ؈ ~~#؈ ~~ ؈ ~~8#܈ ~~9#܈ ~~4#܈ ~~3#܈ ~~7#܈ ~~83ffff̙̙3f3fff3f3f33333f33FORM 10Q1NRG Energy IncHRESULTS OF OPERATIONS2cGLOSSARY OF TERMSYGLOSSARY OF TERMS (1)+GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)fIncome StatementGIncome Statement (1)Dh
Balance Sheet)
Cash FlowsShareholders EquityrShareholders Equity (1)&>Net Income attributable to NRG &rXOther Balance Sheet InformationpRestricted Cash_Disaggregated Revenues!}Disaggregated Revenues (1)!Disaggregated Revenues (2)!Disaggregated Revenues (3)mEContract Balances_XOOM Energy Acquisition &uSale of South Central Portfolio&Sale of South Central Portf (1)oCarlsbadCarlsbad (1)GenOn&GNote 5 Fair Value of Financial %Note 5 Fair Value of Finan (1)&5Recurring Fair Value Measuremen&
\Recurring Fair Value Measur (1)&Recurring Fair Value Measur (2)&lRecurring Fair Value Measur (3)&Derivative Fair Value Measureme&Derivative Fair Value Measu (1)&Derivative Fair Value Measu (2) Counterparty Credit Risk#h2Counterparty Credit Risk (1)HRegulated Operations,mRegulated Operations (1)&sVolumetric Underlying Derivativ&Fair Value of Derivative Instru&rFair Value of Derivative In (1)&Fair Value of Derivative In (2)&Accumulated Other Comprehensive&.Impact of Derivative Instrument&L/Impact of Derivative Instru (1)&JAcquisitions Discontinued Opera&cAcquisitions Discontinued O (1)&yAcquisitions Discontinued O (2)&Acquisitions Discontinued O (3)&Note 10 Debt and Capital Leases&Summary of Significant Accounti&HNote 12 Changes in Capital StruShare Repurchases!Note 13 Earnings Per Share%?Note 13 Earnings Per Share (1)&VAcquisitions Discontinued O (4)&zAcquisitions Discontinued O (5)&Acquisitions Discontinued O (6)&Acquisitions Discontinued O (7) 4Effective Income Tax Rate&Note 16 Related Party TransactiDebt and Capital Leases&HFor the three months ended June&{{For the six months ended June 3&$For the three months ended (1)&For the six months ended Ju (1)Shareholders Equity (2)&8 For the six months ended Ju (2)& For the three months ended (2)& For the six months ended Ju (3)&= For the three months ended (3)&]
For the six months ended Ju (4)?
Shareholders Equity (3)&͌
For the six months ended Ju (5) Y
Introduction and Overview&'Consolidated Results of OperatiHElectricity Prices)eElectricity Prices (1)Economic Gross Margin Economic Gross Margin (1) Economic Gross Margin (2)&jRetail Gross Margin and Economi&^Retail Gross Margin and Eco (1)/Texas RegionaJ
EastWestOther&iMarktoMarket for Economic Hedgi&ًMarktoMarket for Economic H (1)&MarktoMarket for Economic H (2)&Operations and Maintenance Expe&Operations and Maintenance (1)Other Cost of Operations&'
Selling General and Administrat&)
Selling General and Adminis (1)C
Interest Expense&\
Income from Discontinued Operatu
Electricity Prices (2)
Electricity Prices (3) m
Economic Gross Margin (3) 
Economic Gross Margin (4) Economic Gross Margin (5)&Retail Gross Margin and Eco (2)&<Retail Gross Margin and Eco (3)2\Texas Region (1)wEastWestOther (1)&^MarktoMarket for Economic H (3)&(MarktoMarket for Economic H (4)&MarktoMarket for Economic H (5)&2Operations and Maintenance (2)&JOperations and Maintenance (3)#)Other Cost of Operations (1)#cBOther Cost of Operations (2)&YSelling General and Adminis (2)&pSelling General and Adminis (3)Interest Expense (1)&WIncome from Discontinued Op (1)TLiquidity Position"Debt and Capital Leases (1)First Lien Structure&Capital Expenditures!Balance Sheet (1)&>:Net Cash Provided by Operating &QNet Cash ProvidedUsed by Invest&kNet Cash UsedProvided by Financ&"Fair Value Measurements and Dis&WFair Value Measurements and (1)Commodity Price Risk&ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??NRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }$}$ }%}m}$
NRG ENERGY, INC.10Q
08/07/2019 FORM 10Q
?
/
'Quarterly report pursuant to Section 13/'or 15(d) of the Securities Exchange Actof 1934
'For the Quarterly Period Ended:
June 30, 2019 ?0(Transition report pursuant to Section 13/'or 15(d) of the Securities Exchange Actof 1934$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4ym1o3B=PF0*8X>
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FORM 10QRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }y#}}}}
NRG ENERGY, INC.10Q
08/07/2019NRG Energy, Inc.
Delaware
411724239$(State or other jurisdiction(I.R.S. Employer)!of incorporation or organization)Identification No.)%
804 Carnegie Center~
Princeton
New Jersey~
r0((Address of principal executive offices)
(Zip Code)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,~rf*4nbV.=PF0*8X>
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FORM 10QNRG Energy IncGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }$4}
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NRG ENERGY, INC.10Q
08/07/2019RESULTS OF OPERATIONS .
&CAUTIONARY STATEMENT REGARDING FORWARD~
LOOKING INFORMATIONGLOSSARY OF TERMS~
&
PART I  FINANCIAL INFORMATION~
&1)ITEM 1  CONDENSED CONSOLIDATED FINANCIAL~
&STATEMENTS AND NOTES,$ITEM 2  MANAGEMENT?S DISCUSSION AND~
3+ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS%ITEM 3  QUANTITATIVE AND QUALITATIVE~
%DISCLOSURES ABOUT MARKET RISK( ITEM 4  CONTROLS AND PROCEDURES~
#PART II  OTHER INFORMATION~
"ITEM 1  LEGAL PROCEEDINGS~
ITEM 1A  RISK FACTORS~
%ITEM 2  UNREGISTERED SALES OF EQUITY~
&SECURITIES AND USE OF PROCEEDS0(ITEM 3  DEFAULTS UPON SENIOR SECURITIES~
( ITEM 4  MINE SAFETY DISCLOSURES~
"ITEM 5  OTHER INFORMATION~
ITEM 6  EXHIBITS~
SIGNATURES~
DlymaI D$W.[vB !"#$ !$"____________________________1#)Created by Morningstar Document Research.0$(http://documentresearch.morningstar.com/
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }U}$ }>
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NRG ENERGY, INC.10Q
08/07/2019GLOSSARY OF TERMS
2018 Form 10K
0
(NRG?s Annual Report on Form 10K for the$year ended December 31, 20182023 Term Loan Facility2*The Company's $1.7 billion (as of December
0
(31, 2018) term loan facility due 2023, a0(component of the Senior Credit Facility,2*which was repaid during the second quarterof 2019ACEAffordable Clean Energy
Agua Caliente:2Agua Caliente Solar Project, a 290 MW photovoltaic5power station located in Yuma County, Arizona&in which NRG owns 35% interestARO#Asset Retirement ObligationASC3+The FASB Accounting Standards Codification,0(which the FASB established as the sourceof authoritative GAAPASU.&Accounting Standards Updates  updates
to the ASCAverage realized prices%Volumeweighted average power prices,0(net of average fuel costs and reflecting$the impact of settled hedgesBankruptcy Code2*Chapter 11 of Title 11 the U.S. BankruptcyCodeD l}qeAB\1?ii } !"#$%&'()*+,./0123456789:;<=>? Bankruptcy Court . &United States Bankruptcy Court for the!!4!,Southern District of Texas, Houston Division"BETM"/"'Boston Energy Trading and Marketing LLC#BRA##Base Residual Auction$BTU$$British Thermal Unit%Business Solutions%%%NRG's business solutions group, which&&2&*includes demand response, commodity sales,''/''energy efficiency and energy management(((services)CAA))
Clean Air Act
*CAISO*.*&California Independent System Operator+Carlsbad+0+(Carlsbad Energy Center, a 528 MW natural,,.,&gasfired project located in Carlsbad,
CA.CDD..Cooling Degree Day/CDWR/0/(California Department of Water Resources0CFTC010)U.S. Commodity Futures Trading Commission1C&I1<14Commercial industrial and governmental/institutional2CES22Clean Energy Standard
3Cleco3$3Cleco Corporate Holdings LLC4CO 244Carbon Dioxide
5ComEd55Commonwealth Edison6Company66NRG Energy, Inc.7
Cottonwood7.7&Cottonwood Generating Station, a 1,1538808(MW natural gasfueled plant which NRG is99 9leasing through May 2025:CPP::Clean Power Plan;CWA;;Clean Water Act<D.C. Circuit<1<)U.S. Court of Appeals for the District of===Columbia Circuit>Distributed Solar>0>(Solar power projects that primarily sell??0?(power to customers for usage on site, orD9lV5p
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }a}$ }=
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NRG ENERGY, INC.10Q
08/07/2019GLOSSARY OF TERMS
FASB
,
$Financial Accounting Standards BoardFERC,$Federal Energy Regulatory CommissionFGD Flue gas desulfurization
FTRs
%
Financial Transmission RightsGAAP0(Generally accepted accounting principlesin the U.S.GenConnGenConn Energy LLC
GenOnGenOn Energy, Inc.GenOn Entities;3GenOn and certain of its wholly owned subsidiaries,,$including GenOn Americas Generation,1)that filed voluntary petitions for relief/'under Chapter 11 of the Bankruptcy Code0(in the Bankruptcy Court on June 14, 2017GHGGreenhouse GasGIP&Global Infrastructure PartnersGWh
Gigawatt HourHAPHazardous Air PollutantHDDHeating Degree Day Heat Rate0(A measure of thermal efficiency computed0(by dividing the total BTU content of the4,fuel burned by the resulting kWhs generated.3+Heat rates can be expressed as either grossDH l}qeAj%i.4h#x# !"#$%&'()*+,./0123456789:;<=>? 1 )or net heat rates, depending upon whether!!0!(the electricity output measured is gross""3"+or net generation. Heat rates are generally##$#expressed as BTU per net kWh$HLW$$$Highlevel radioactive waste%ICE%!%Intercontinental Exchange&ISO&2&*Independent System Operator, also referred'''
to as RTOs(ISONE((ISO New England Inc.)Ivanpah)2)*Ivanpah Solar Electric Generation Station,**2**a 393 MW solar thermal power plant located++.+&in California's Mojave Desert in which,,,NRG owns 54.5% interestkWh
Kilowatthour
.LaGen.!.Louisiana Generating, LLC
/LIBOR/&/London InterBank Offered Rate
0LTIPs040,Collectively, the NRG LTIP and the NRG GenOn111LTIP2Mass Market222*Residential and small commercial customers3MATS343,Mercury and Air Toxics Standards promulgated444
by the EPA5MDth55Thousand Dekatherms6Midwest Generation66Midwest Generation, LLC7MISO717)Midcontinent Independent System Operator,888Inc.
9MMBtu9%9Million British Thermal Units
:MW:: Megawatts;MWe;;Megawatt equivalent<MWh<8<0Saleable megawatt hour net of internal/parasitic===load megawatthour
>NAAQS>.>&National Ambient Air Quality Standards?NEPOOL??New England Power PoolD
lgUCp<^6[ ZT@ABCDEFGHIJKLMNOP@NERC@7@/North American Electric Reliability Corporation
ANJBPUA,A$New Jersey Board of Public UtilitiesBNet ExposureB0B(Counterparty credit exposure to NRG, netCCC
of collateral
DNodalD0D(Nodal Exchange is a derivatives exchangeENOLEENet Operating LossFNO xFFNitrogen Oxides
GNPDESG0G(National Pollutant Discharge EliminationHHHSystemINPNSI#INormal Purchase Normal SaleJNRCJ*J"U.S. Nuclear Regulatory CommissionKNRGKKNRG Energy, Inc.LM$N____________________________1O)Created by Morningstar Document Research.0P(http://documentresearch.morningstar.com/&)@\IT=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }m)}$ }=
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NRG ENERGY, INC.10Q
08/07/2019GLOSSARY OF TERMS
NRG Yield, Inc.
0
(NRG Yield, Inc., which changed it's name.&to Clearway Energy, Inc. following the3+sale by NRG of NRG Yield and the Renewables
Platform to GIP*"Nuclear Decommissioning Trust Fund0(NRG's nuclear decommissioning trust fund3+assets, which are for the Company's portion0(of the decommissioning of the STP, Units
1 & 2 Nuclear Waste Policy Act%U.S. Nuclear Waste Policy Act of 1982NY DEC91New York Department of Environmental Conservation
NYISO,$New York Independent System Operator
NYMEX$New York Mercantile ExchangeNYSPSC0(New York State Public Service CommissionOCI/OCL)!Other Comprehensive Income/(Loss)ORDC&Operating Reserve Demand CurvePA PUC.&Pennsylvania Public Utility CommissionPeaking5Units expected to satisfy demand requirements3+during the periods of greatest or peak loadon a system
Petra Nova0(Petra Nova Parish Holdings, LLC which is4,50% owned by NRG and which owns and operates3+a 240 MWe carbon capture system and a 78 MWD l}qeAM],Hf: !"#$%&'()*+,./0123456789:;<=>? 1 )cogeneration facility, and owns an equity!!!interest in an oilfield"PG&E"4",PG&E Corporation (NYSE: PCG) and its primary###%operating subsidiary, Pacific Gas and$$$Electric Company%PJM% %PJM Interconnection, LLC
&PM2.5&.&&Particulate Matter that has a diameter''$'of less than 2.5 micrometers(PPA( (Power Purchase Agreement)PUCT)*)"Public Utility Commission of Texas*RCE*1*)Residential Customer Equivalent is a unit++1+)of measure used by the energy industry to,,7,/denote the typical annual commodity consumption0(by a singlefamily residential customer...0.(1 RCE represents 1,000 therms of natural//(/ gas or 10,000 kWh of electricity0RCRA0.0&Resource Conservation and Recovery Act111of 19762Reliant Energy2+2#Reliant Energy Retail Services, LLC3REMA323*NRG REMA LLC, which leases a 100% interest4404(in the Shawville generating facility and5505(16.7% and 16.5% interest in the Keystone66,6$and Conemaugh generating facilities,777respectively8
Renewables838+Consists of the following projects in which9959NRG has an ownership interest: Agua Caliente,::.:&Ivanpah, and solar generating stations;;';located at various NFL Stadiums<Renewables Platform</<'The renewable operating and development==7=/platform sold by NRG to GIP with NRG's interest>>>in NRG Yield, Inc.?Retail??%Reporting segment that includes NRG'sDlx$hP`6dT`l@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@3@+residential and small commercial businessesAA4A,which go to market as Reliant, NRG and otherBB0B(brands owned by NRG, as well as BusinessCCC SolutionsDRGGID*D"Regional Greenhouse Gas InitiativeERTOE*E"Regional Transmission Organization
FSDG&EF FSan Diego Gas & ElectricGSECG/G'U.S. Securities and Exchange CommissionHSecurities ActH.H&The Securities Act of 1933, as amendedISenior Credit FacilityII%NRG's senior secured credit facility,JJ2J*comprised of the Revolving Credit FacilityKK1K)and the 2023 Term Loan Facility. The 2023LL3L+Term Loan Facility was repaid in the secondMMMquarter of 2019NSenior NotesN;N3As of June 30, 2019, NRG's $3.8 billion outstandingOO1O)unsecured senior notes consisting of $1.0PP3P+billion of the 7.25% senior notes due 2026,QQ0Q($1.23 billion of the 6.625% senior notesRR4R,due 2027, $821 million of 5.75% senior notesSS6S.due 2028 and $733 million of the 5.250% seniorTTTnotes due 2029USNFUUSpent Nuclear FuelVSO 2VVSulfur DioxideWSouth Central PortfolioW2W*NRG's South Central Portfolio, which ownedXX.X&and operated a portfolio of generationYY5Yassets consisting of Bayou Cove, Big CajunI,ZZ1Z)Big CajunII, Cottonwood and Sterlington,[[4[,was sold on February 4, 2019. NRG is leasing\\0\(back the Cottonwood facility through May]]~
]^STP^0^(South Texas Project  nuclear generating__0_(facility located near Bay City, Texas inDlaUnt%BWdd{U`abcdefg``%`which NRG owns a 44% interestaSTPNOCaa%South Texas Project Nuclear OperatingbbbCompanycd$e____________________________1f)Created by Morningstar Document Research.0g(http://documentresearch.morningstar.com/pE9=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }}$ }2
NRG ENERGY, INC.10Q
08/07/2019GLOSSARY OF TERMS
TSA
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!Transportation Services AgreementTWCC#Texas Westmoreland Coal Co.UPMC Thermal Project/'University of Pittsburgh Medical Center
0
(thermal generating project that provides.&power, steam, chilled water and backup( power located in Pittsburgh, PA.U.S. United States of AmericaU.S. DOE!U.S. Department of EnergyUtility Scale Solar0(Solar power projects, typically 20 MW or2*greater in size (on an alternating current0(basis), that are interconnected into the1)transmission or distribution grid to sell"power at a wholesale levelVaR
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }6}$ }$}$ }$}
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NRG ENERGY, INC.10Q
08/07/2019Income Statement
#
Three months ended June 30,
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( 105 )
( 123 )
( 219 )
( 239 )Total other expense
( 132 )
( 142 )
( 255 )
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income Statement
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }7}$ }$}$ }$}
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NRG ENERGY, INC.10Q
08/07/2019Income Statement
#
Three months ended June 30,
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }7}$ }$}$ }$
Y
NRG ENERGY, INC.10Q
08/07/2019
Balance Sheet
June 30, 2019
December 31, 2018( (In millions, except share data)(Unaudited)ASSETS
Current Assets
!Cash and cash equivalents~
~
)!Funds deposited by counterparties~
~~
Restricted cash~
.~
F Accounts receivable, net~
f~
Inventory~
~
rDerivative instruments~
J
~
1)Cash collateral paid in support of energy~
~
~"risk management activities,$Prepayments and other current assets~
V~
&Current assets  heldforsale ~
0(Current assets  discontinued operations ~
Total current assets~
/~
B8*"Property, plant and equipment, net~
(~
/Other Assets( Equity investments in affiliates~
~
r,$Operating lease rightofuse assets,~
netGoodwill~
~
Dlui `*[/ 0]G !"#$%&'()*+,./0123456789:;<=>? Intangible assets, net~
~
> *!"Nuclear decommissioning trust fund~
!!!~
!^
!"Derivative instruments~
"""~
""#Deferred income taxes~
###~
## $Other noncurrent assets~
$>$$~
$$*%"Noncurrent assets  heldforsale %%%~
%6%4&,Noncurrent assets  discontinued operations &&&~
&&'Total other assets~
'6''~
'2>'(Total Assets~
(N((~
((,)$LIABILITIES AND STOCKHOLDERS' EQUITY)))*Current Liabilities***5+Current portion of longterm debt and capital~
+^++~
+"+,leases6.Current portion of operating lease liabilities~
* .Accounts payable~
.N..~
.~
./Derivative instruments~
/*//~
/
/.0&Cash collateral received in support of~
0~00~
00)1!energy risk management activities62.Accrued expenses and other current liabilities~
2f 22~
2
2+3#Current liabilities  heldforsale 333~
3354Current liabilities  discontinued operations 444~
4"4!5Total current liabilities~
5#55~
5z%56Other Liabilities666)7!Longterm debt and capital leases~
7Z77~
7d7/8'Noncurrent operating lease liabilities~
888 88'9Nuclear decommissioning reserve~
999~
9j9/:'Nuclear decommissioning trust liability~
:::~
::;Derivative instruments~
;;;~
;;<Deferred income taxes~
<<<~
<<%=Other noncurrent liabilities~
===~
==/>'Noncurrent liabilities  heldforsale >>>~
>>.?&Noncurrent liabilities  discontinued ???~
? ?Dl0m %o_Mxwq'R@ABCDEFGHIJKLMNOPQRSTUVWX@
operationsATotal other liabilities~
AAA~
AABTotal Liabilities~
B¨BB~
BBC%Redeemable noncontrolling interest in~
CNCC~
CNCDsubsidiaries%ECommitments and ContingenciesEEEEEFStockholders' EquityFFF2G*Common stock; $0.01 par value; 500,000,000~
GGG~
GG6H.shares authorized; 421,830,474 and 420,288,8865Ishares issued and 258,570,598 and 283,650,039/J'shares outstanding at June 30, 2019 and'KDecember 31, 2018, respectively"LAdditional paidincapital~
LLL~
LLMAccumulated deficitM( 5,355 M)MM( 6,022 M)2N*Less treasury stock, at cost  163,259,876N( 4,686 N)NN( 3,632 N)/O'and 136,638,847 shares at June 30, 2019+P#and December 31, 2018, respectively,Q$Accumulated other comprehensive lossQ( 99 Q)QQ( 94 Q)"RTotal Stockholders' EquityR( 1,648 R)RR( 1,234 R)2S*Total Liabilities and Stockholders' Equity~
SNSS~
SSTU$V____________________________1W)Created by Morningstar Document Research.0X(http://documentresearch.morningstar.com/6*
@rnXXWWVVSSSSRRRRQQQQNNNNMMMMLLLLGGGGCCCCBBBBAAAA????>>>>====<<<<;;;;::::99998888777755554444333322220000////....++++((((''''&&&&%%%%$$$$####""""!!!!
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance SheetShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }=}$ }$}$ }$
[
NRG ENERGY, INC.10Q
08/07/2019
Cash Flows
!
Six months ended June 30,
(In millions)~
~
,$Cash Flows from Operating Activities
Net Income~
~
&
,$Income from discontinued operations,~
F~
net of income tax)!Income from continuing operations~
n~
&.&Adjustments to reconcile net income to.&cash provided by operating activities:;3Distributions and equity earnings of unconsolidated~
Z~
2
affiliates0(Depreciation, amortization and accretion~
~
Provision for bad debts~
~
z$Amortization of nuclear fuel~
n~
b0(Amortization of financing costs and debt~
6~
6discount/premiums( Loss on debt extinguishment, net~
~
5Amortization of intangibles and outofmarket~
:~
R contracts4,Amortization of unearned equity compensation~
*~
>2*Loss/(gain) on sale and disposal of assets~
( 16 )Impairment losses~
~
bD
lxlFcne& $ !"#$%&'()*+,./0123456789:;<=>?) !Changes in derivative instruments ( 22 )
( 145 )6!.Changes in deferred income taxes and liability!( 5 !)!!( 2 !)""for uncertain tax benefits1#)Changes in collateral deposits in support~
####( 9 #),$$of energy risk management activities0%(Changes in nuclear decommissioning trust~
%F%%~
%%& liability2'*Loss on deconsolidation of Ivanpah project '''~
'Z'(( Changes in other working capital
(( 388 ()(
(( 349 ().)&Cash provided by continuing operations~
)))~
)")0*(Cash provided by discontinued operations~
*"**~
**1+)Net Cash Provided by Operating Activities~
+++~
++,,$Cash Flows from Investing Activities,,,/'Payments for acquisitions of businesses( 21 )
( 211 ).Capital expenditures
.( 107 .).
.( 282 .)5/Net proceeds from sale of emission allowances/( 1 /)/~
//.0&Investments in nuclear decommissioning
0( 209 0)0
0( 346 0)1trust fund securities921Proceeds from the sale of nuclear decommissioning~
222~
223trust fund securities14)Proceeds from sale of assets, net of cash~
4&44~
4J455disposed and sale of discontinued operations,6net of fees*7"Deconsolidation of Ivanpah project 777
7( 160 7)8%Net distributions from investments in~
8888( 15 8)!9unconsolidated affiliates0:(Contributions to discontinued operations:( 44 :)::( 16 :)5;Cash provided/(used) by continuing operations~
;F;;
;( 578 ;),<$Cash used by discontinued operations<( 2 <)<
<( 584 <)=%Net Cash Provided/(Used) by Investing~
=>===( 1,162 =)>
Activities,?$Cash Flows from Financing Activities???DlqAC]t >I(TAN@ABCDEFGHIJKLMNOPQRSTUVWXYZ4@,Payments of dividends to common stockholders@( 16 @)@@( 19 @)#APayments for treasury stockA( 1,039 A)A
A( 500 A).B&Payments for debt extinguishment costsB( 24 B)B BB1C)Distributions to noncontrolling interestsC( 1 C)CC( 14 C)Dfrom subsidiaries.E&Proceeds from issuance of common stock~
E
EE~
E.E5FProceeds from issuance of short and longterm~
FFF~
FFGdebt&HPayment of debt issuance costsH( 33 H)HH( 19 H)I%Payments for short and longterm debtI( 2,485 I)I
I( 348 I)5JCash (used)/provided by continuing operationsJ( 1,763 J)J~
JJ0K(Cash provided by discontinued operations~
KKK~
KfKL%Net Cash (Used)/Provided by FinancingL( 1,720 L)L~
L
LM
Activities3N+Change in Cash from discontinued operations~
NNN~
N*N2O*Net Decrease in Cash and Cash Equivalents,
O( 277 O)O
O( 209 O)P%Funds Deposited by Counterparties andQRestricted Cash2R*Cash and Cash Equivalents, Funds Deposited~
R RR~
RRS%by Counterparties and Restricted CashTat Beginning of Period2U*Cash and Cash Equivalents, Funds Deposited~
UBUU~
U
UV%by Counterparties and Restricted CashWat End of Period$X____________________________1Y)Created by Morningstar Document Research.0Z(http://documentresearch.morningstar.com/:
# )z_ =PF0*8X>
@BhZZYYXXUUUURRRROOOONNNNLLLLKKKKJJJJIIIIHHHHFFFFEEEECCCCBBBBAAAA@@@@====<<<<;;;;::::88887777444422220000////....++++****))))((((''''%%%%####!!!!
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??
FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }I"}$ }$}
$ }$}$ }$}$ }$}$ }$
"
NRG ENERGY, INC.10Q
08/07/2019Shareholders' Equity
Common
Additional
Accumulated Deficit
Treasury
Accumulated
Total
StockPaidIn
Stock
OtherStockholders'Capital
ComprehensiveEquity
Loss
(In millions)$Balance at December 31, 2018~
~
$( 6,022 )
$( 3,632 )
$( 94 )$( 1,234 )
Net income~
~
Other comprehensive loss
( 2 )( 2 )Share repurchases( 10 )
( 739 )
( 749 )!Equitybased compensation( 32 )
( 32 ) Issuance of common stock~
~
Common stock dividends ( 8 )
( 8 )!Balance at March 31, 2019~
~
f $( 5,548 )
$( 4,371 )
$( 96 )$( 1,538 )
Net income~
&
~
& Other comprehensive loss
( 3 )( 3 )Share repurchases~
*
( 315 )
( 305 )!Equitybased compensation~
~
Common stock dividends ( 8 )
( 8 ) Balance at June 30, 2019~
~
$( 5,355 )
$( 4,686 )
$( 99 )$( 1,648 )$____________________________DlznbBw!KtV !1 )Created by Morningstar Document Research.0!(http://documentresearch.morningstar.com/=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders Equity!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }$4}$ }$}
$ }$}$ }$}$ }$}$ }$}$ }$
2
NRG ENERGY, INC.10Q
08/07/2019Shareholders' Equity
Common
Additional
Accumulated Deficit
Treasury
Accumulated
Noncon trolling
Total
StockPaidIn
Stock
OtherInterestStockholders'Capital
ComprehensiveEquity
Loss
(In millions)$Balance at December 31, 2017~
~
$( 6,268 )
$( 2,386 )
$( 72 )~
*$~
Net income/(loss)~
^
( 30 )~
"Other comprehensive income
~
.~
.)!Sale of assets to NRG Yield, Inc.~
"
~
~
2ESPP share purchases( 2 ) ~
~
Share repurchases
( 93 )( 93 )!Equitybased compensation( 10 )
( 10 ) Issuance of common stock~
~
Common stock dividends ( 10 )
( 10 )1)Distributions to noncontrolling interests
( 19 )( 19 ))!Dividends paid to NRG Yield, Inc.
( 30 )( 30 )3+Contributions from noncontrolling interests
~
f~
f,$Adoption of new accounting standards~
F
~
F!Balance at March 31, 2018~
~
$( 5,982 )
$( 2,474 )
$( 61 )~
b%~
J#
Net income~
"
~
~
"Other comprehensive income
~
~
)!Sale of assets to NRG Yield, Inc.
( 2 )( 2 )DNlznb35!9^{
!"#$%&'()*+,./01 ESPP share purchases
( 1 ) ( 1 )!Share repurchases!!!( 11 !)!! !
!
( 396 !)!!!!!
!( 407 !)!"Equitybased compensation""~
""""" ""
"""""~
""" #Issuance of common stock##~
#### ##
#####~
##$Common stock dividends$$$$$ ( 9 $)$$
$$$$$$( 9 $)1%)Distributions to noncontrolling interests%%%%% %%
%%%%( 15 %)%%( 15 %))&!Dividends paid to NRG Yield, Inc.&&&&& &&
&&&&( 31 &)&&( 31 &)3'+Contributions from noncontrolling interests''''' ''
'''~
'Z''~
'Z',($Adoption of new accounting standards((((( ( 1 ()((
((((((( 1 ()#)Deconsolidation of Business))))) ))
))))( 89 ))))( 89 )).*&Equity component of convertible senior**~
**** **
*****~
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,,,~
,,,, $( 5,920 ,),,
$( 2,871 ,),
,$( 60 ,),~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }0.}$
NRG ENERGY, INC.10Q
08/07/20193+Net Income attributable to NRG Energy, Inc.
#
Three months ended June 30,
!
Six months ended June 30,~
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(In millions).
&Income from continuing operations, net~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG Restricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }2}$
NRG ENERGY, INC.10Q
08/07/2019'Other Balance Sheet Information
June 30, 2019
December 31, 2018
(In millions)2*Accounts receivable allowance for doubtful~
r~
accounts1)Property, plant and equipment accumulated~
R~
Ndepreciation2*Intangible assets accumulated amortization~
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+#Outofmarket contracts accumulated ~
amortization$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2{ocWmqe==PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }2}$
NRG ENERGY, INC.10Q
08/07/2019Restricted Cash
June 30, 2019
December 31, 2018
(In millions)!Cash and cash equivalents~
~
)
!Funds deposited by counterparties~
~
~
Restricted cash~
.~
F2*Cash and cash equivalents, funds deposited~
B~
%by counterparties and restricted cash,$shown in the statement of cash flows$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.sg/gh=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }@}$ }$}$ }$}$
/
NRG ENERGY, INC.10Q
08/07/2019Disaggregated Revenues
(
Three months ended June 30, 2019
Generation
(In millions)Retail
Texas East/West/Other
SubtotalCorporate/Eliminations
Total
Energy revenue (a)(c)
$
~
~
~
$( 365
)
~
Capacity revenue (c)  ~
j~
j~
~
nRetail revenue
Mass customers~
 
( 1 )~
$Business Solutions customers~
f  
 ~
fTotal retail revenue~
J  
( 1 )~
F=5Marktomarket for economic hedging activities (a)(b)~
~
2~
~
2
( 285 )~
Other revenues (c) ~
B~
~
. ~
.Total operating revenue~
R~
6~
*~
^
( 650 )~
&Less: Lease revenue~
~
~
~
91Less: Realized and unrealized ASC 815 revenue (a)~
~
~
2~
( 649 )~
3+Total revenue from contracts with customers~
>$( 211 )~
~
$( 1 )~
/'(a) Generation includes higher revenues4,due to the Company's large internal transfer3+of power based on average annualized market*"prices, which are offset by higher/' cost of operations within Retail2*(b) Revenue relates entirely to unrealized2*gains and losses on derivative instrumentsDlxl`@2AEN1=>I0wI !"#$%&'()*+,.# accounted for under ASC 815.!&(c) The following table represents the/"'realized revenues related to derivative0#(instruments that are accounted for under1$)ASC 815 which are included in the amounts%above:&&Retail&
&Texas&& East/West/Other&&
Subtotal&&Corporate/Eliminations&
&Total'Energy revenue
'$''~
'6''~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }@}$ }$}
$ }$}$ }$}$
/
NRG ENERGY, INC.10Q
08/07/2019Disaggregated Revenues
(
Three months ended June 30, 2018
Generation
(In millions)Retail
Texas East/West/Other
SubtotalCorporate/Eliminations
Total
Energy revenue (a)(c)
$
~
J
~
~
V
$( 251
)
~
j
Capacity revenue (c)  ~
~
~
Retail revenue
Mass customers~
 
( 1 )~
$Business Solutions customers~
 
 ~
Total retail revenue~
Z  
( 1 )~
V=5Marktomarket for economic hedging activities (a)(b) ~
( 22 )~
J
( 264 )~
*Other revenues (c) ~
*~
~
( 4 )~
Total operating revenue~
Z~
~
.~
>
( 520 )~
v&Less: Lease revenue~
~
~
~
91Less: Realized and unrealized ASC 815 revenue (a) ~
~
~
F
( 511 )~
J3+Total revenue from contracts with customers~
N$( 157 )~
f~
$( 9 )~
/'(a) Generation includes higher revenues4,due to the Company's large internal transfer3+of power based on average annualized market*"prices, which are offset by higher/' cost of operations within Retail2*(b) Revenue relates entirely to unrealized2*gains and losses on derivative instrumentsDlxl`@3BFO09:EtF !"#$%&'()*+,.# accounted for under ASC 815.!&(c) The following table represents the/"'realized revenues related to derivative0#(instruments that are accounted for under1$)ASC 815 which are included in the amounts%above:&&Retail&
&Texas&& East/West/Other&&
Subtotal&&Corporate/Eliminations&
&Total'Energy revenue
'$''~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }@}$ }$}$ }$}$
/
NRG ENERGY, INC.10Q
08/07/2019Disaggregated Revenues
&
Six months ended June 30, 2019
Generation
(In millions)Retail
Texas East/West/Other
SubtotalCorporate/Eliminations
Total
Energy revenue (a)(c)
$
~
^
~
V
~
$( 641
)
~
Capacity revenue (c)  ~
~
~
Retail revenue
Mass customers~
*  
( 2 )~
*$Business Solutions customers~
 
 ~
Total retail revenue~
f4  
( 2 )~
^4=5Marktomarket for economic hedging activities (a)(b)~
~
f~
~
F
( 270 )~
Other revenues (c) ~
~
~
r( 2 )~
jTotal operating revenue~
n4~
v~
~
:"
( 915 )~
ZHLess: Lease revenue~
~
~
~
*91Less: Realized and unrealized ASC 815 revenue (a)~
~
~
~
( 911 )~
3+Total revenue from contracts with customers~
N4$( 357 )~
~
n$( 4 )~
7/'(a) Generation includes higher revenues4,due to the Company's large internal transfer3+of power based on average annualized market*"prices, which are offset by higher/' cost of operations within Retail2*(b) Revenue relates entirely to unrealized2*gains and losses on derivative instrumentsDlxl`@
5DHQ4=>I0wI !"#$%&'()*+,.# accounted for under ASC 815.!&(c) The following table represents the/"'realized revenues related to derivative0#(instruments that are accounted for under1$)ASC 815 which are included in the amounts%above:&&Retail&
&Texas&& East/West/Other&&
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }@}$ }$}$ }$}
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NRG ENERGY, INC.10Q
08/07/2019Disaggregated Revenues
&
Six months ended June 30, 2018
Generation
(In millions)Retail
Texas East/West/Other
SubtotalCorporate/Eliminations
Total
Energy revenue (a)(c)
$
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3=5Marktomarket for economic hedging activities (a)(b)( 6 )
( 273 ) ( 27 )
( 300 )~
r( 86 )Other revenues (c) ~
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z3~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)XOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }$4}$
NRG ENERGY, INC.10Q
08/07/2019Contract Balances
(In millions)
June 30, 2019
December 31, 2018+#Deferred customer acquisition costs~
~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract Balances!Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }$4}$
NRG ENERGY, INC.10Q
08/07/2019!XOOM Energy Acquisition 
(In millions)3+Net current and noncurrent working capital~
Other intangible assets~
Goodwill~
XOOM Purchase Price~
V$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,&ui]zL=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }U5}$ }$}
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NRG ENERGY, INC.10Q
08/07/2019'Sale of South Central Portfolio
Three months ended
Six months ended
(In millions)
June 30, 2019
June 30, 2018
June 30, 2019
June 30, 2018Operating revenues
$~
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Operating costs and expenses

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( 23
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( 177
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }6}$
NRG ENERGY, INC.10Q
08/07/2019'Sale of South Central Portfolio
(In millions)
December 31, 2018!Cash and cash equivalents~
f( Accounts receivable  trade, net~
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0(Current assets  discontinued operations~
*"Property, plant and equipment, net~
b Other noncurrent assets~
4,Noncurrent assets  discontinued operations~
fAccounts payable~
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b$Outofmarket contracts, net~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)Carlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }:}$ }$}$ }$}
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NRG ENERGY, INC.10Q
08/07/2019Carlsbad
Three months ended
Six months ended
(In millions)
June 30, 2019
June 30, 2018
June 30, 2019
June 30, 2018Operating revenues
$~
~
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( 9
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( 453
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadGenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }6}$
NRG ENERGY, INC.10Q
08/07/2019Carlsbad
(In millions)
December 31, 2018Restricted cash~
( Accounts receivable  trade, net~
*
Other current assets
~
0(Current assets  discontinued operations~
N*"Property, plant and equipment, net~
: Intangible assets, net~
& Other noncurrent assets~
4,Noncurrent assets  discontinued operations~
n 5Current portion of longterm debt and capital~
RleasesAccounts payable~
n!Other current liabilities~
5Current liabilities  discontinued operations~
)!Longterm debt and capital leases~
%Other noncurrent liabilities~
.&Noncurrent liabilities  discontinued~
operations$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D lzn2]i!y{z"=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }1}$ }$}$ }$
NRG ENERGY, INC.10Q
08/07/2019
GenOn
Three months ended
Six months ended
(In millions)
June 30, 2019
June 30, 2018
June 30, 2019
June 30, 2018#Interest income  affiliate
$~
$~

%Pension and postretirement liability

~

~
assumption$Advisory and consulting fees ( 1 ) 
( 2 )
Other~
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( 27 )1)Gain/(loss) from discontinued operations,~
$( 25 )~
$( 25 )
net of tax$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2g}q_P:=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }6}$
NRG ENERGY, INC.10Q
08/07/20192*Note 5 Fair Value of Financial Instruments
As of June 30, 2019
As of December 31, 2018Carrying Amount
Fair Value Carrying Amount
Fair Value
(In millions)
Assets:
Notes receivable~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial !Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }1}$
NRG ENERGY, INC.10Q
08/07/20192*Note 5 Fair Value of Financial Instruments
As of June 30, 2019
As of December 31, 2018Level 2Level 3 Level 2
Level 3
(In millions)1
)Longterm debt, including current portion~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }7}$
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NRG ENERGY, INC.10Q
08/07/2019)!Recurring Fair Value Measurements
As of June 30, 2019
(In millions)
TotalLevel 1 Level 2
Level 3%Investments in securities (classified~
$~
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,within other current and noncurrent assets)'Nuclear trust fund investments:
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }7}$
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NRG ENERGY, INC.10Q
08/07/2019)!Recurring Fair Value Measurements
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(In millions)
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,within other current and noncurrent assets)'Nuclear trust fund investments:
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }2}$ }$}
$ }$}$ }$}$ }$}$ }$
NRG ENERGY, INC.10Q
08/07/2019)!Recurring Fair Value Measurements
0
(Fair Value Measurement Using Significant%Unobservable Inputs (Level 3)( Three months ended June 30, 2019&
Six months ended June 30, 2019
(In millions)
Debt Securities
Derivatives (a)
Total
Debt Securities
Derivatives (a)
TotalBeginning balance~
J$( 2 )~
B~
N~
R~
)!Contracts added from acquisitions ( 1 ) ( 1 )
( 1 )( 1 )2*Total gains/(losses)  realized/unrealized~
( 17 ) ( 16 )~
( 27 )( 26 )included in earnings
Cash received   
( 1 ) ( 1 ) Purchases ( 10 ) ( 10 )
( 12 )( 12 )"Transfers into Level 3 (b) ~
~
~
~
$Transfers out of Level 3 (b) ~
:~
:
( 13 )( 13 )*"Ending balance as of June 30, 2019~
N~
~
~
N~
~
.&Gains/(losses) for the period included~
$( 19 )
$( 18 )~
$( 31 )
$( 30 ).&in earnings attributable to the change.&in unrealized gains or losses relatingOGto assets or liabilities still held as of ____________________________C;June 30, 2019 Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>L0ymaU5RowlR2AJNJD*s=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }I;}$ }$}
$ }$}$ }$}$ }$
NRG ENERGY, INC.10Q
08/07/2019)!Recurring Fair Value Measurements
0
(Fair Value Measurement Using Significant%Unobservable Inputs (Level 3)( Three months ended June 30, 2018&
Six months ended June 30, 2018
(In millions)
Debt Securities
Derivatives (a)
Total
Debt Securities
Derivatives (a)
TotalBeginning balance~
N~
~
b~
N
$( 15 )~
+#Contracts added in XOOM acquisition ~
2~
2
~
2~
2,$Total (losses)  realized/unrealized ( 27 ) ( 27 )
( 16 )( 16 )included in earnings Purchases ( 4 ) ( 4 )
( 3 )( 3 )"Transfers into Level 3 (b) ~
~
~
~
$Transfers out of Level 3 (b) ( 5 ) ( 5 )
( 1 )( 1 )*"Ending balance as of June 30, 2018~
N~
~
~
N~
~
4,(Losses) for the period included in earnings
$
$( 27 )
$( 27 )
$
$( 15 )
$( 15 )0(attributable to the change in unrealized91gains or losses relating to assets or liabilitiesG?still held as of June 30, 2018 ____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<1ymaU5Rovq_?LPJD$h=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }}$ } }
$ }$}$ }$}$
NRG ENERGY, INC.10Q
08/07/2019*"Derivative Fair Value Measurements
June 30, 2019
Fair Value
Input/RangeAssetsLiabilities Valuation Technique
&Significant Unobservable Input
LowHighWeighted Average
(In millions)
Power Contracts~
n~
Discounted Cash Flow
&Forward Market Price (per MWh)~
~
:~
fFTRs~
r~
F Discounted Cash Flow
Auction Prices (per MWh)
( 134 )~
~
~
~
Z
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0V xl`T4=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }}$ } }
$ }$}$ }$}$
NRG ENERGY, INC.10Q
08/07/2019*"Derivative Fair Value Measurements
December 31, 2018
Fair Value
Input/RangeAssetsLiabilities Valuation Technique
&Significant Unobservable Input
LowHighWeighted Average
(In millions)
Power Contracts~
f~
. Discounted Cash Flow
&Forward Market Price (per MWh)~
~
Z~
~FTRs~
R~
: Discounted Cash Flow
Auction Prices (per MWh)
( 90 )~
~
~
~
f
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0Y xl`T4=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }$}$ }y
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NRG ENERGY, INC.10Q
08/07/2019*"Derivative Fair Value Measurements &
Significant Unobservable Input
Position
Change In Input
(
Impact on Fair Value Measurement"Forward Market Price PowerBuyIncrease/(Decrease)Higher/(Lower)"Forward Market Price PowerSellIncrease/(Decrease)Lower/(Higher)
FTR Prices
Buy
Increase/(Decrease)
Higher/(Lower)
FTR PricesSellIncrease/(Decrease)Lower/(Higher)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,xl`TW2!=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }0.}$}$
NRG ENERGY, INC.10Q
08/07/2019 Counterparty Credit Risk
Net Exposure (a)(b)#Category by Industry Sector(% of Total).&Utilities, energy merchants, marketers~
R %
and otherFinancial institutions~
B!Total as of June 30, 2019~
%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.[vj^:n2=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskRegulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }a/}$}$
NRG ENERGY, INC.10Q
08/07/2019 Counterparty Credit Risk
Net Exposure (a) (b)/'Category by Counterparty Credit Quality(% of Total)Investment grade~
%&
Noninvestment grade/nonrated~
!Total as of June 30, 2019~
%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,1vj^:H=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }7}$ }
$}$ }$}$
NRG ENERGY, INC.10Q
08/07/2019Regulated Operations
As of June 30, 2019
As of December 31, 2018( (In millions, except maturities)
Fair ValueUnrealized Gains Unrealized Losses.
&Weightedaverage Maturities (In years)
Fair ValueUnrealized GainsUnrealized Losses.&Weightedaverage Maturities (In years)!Cash and cash equivalents~
f
$
$
~
N
$
$ 6
.U.S. government and federal agency obligations~
~

~
2
~
~

~
2
1)Federal agency mortgagebacked securities~
r~
~
b~
~
~
~
^%Commercial mortgagebacked securities~
v~
~
~
^~
Z ~
~
Z!Corporate debt securities~
~
~
.~
~
~
~
.Equity securities~
~

~
~
~
2*Foreign government fixed income securities~
 ~
"~
 ~
&
Total~
~
~
~
^
~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6znb{#I=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated Operations!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }'}$ }$}$ }$
NRG ENERGY, INC.10Q
08/07/2019Regulated Operations
!
Six months ended June 30,~
~
(In millions)
Realized gains~
~
Realized losses( 5 )( 6 )( Proceeds from sale of securities~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.znbxSG;=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }y#}<}$ }$}$ }$
NRG ENERGY, INC.10Q
08/07/20195Volumetric Underlying Derivative Transactions
Total Volume
June 30, 2019December 31, 2018Category
Units
(In millions)
Emissions
Short Ton~
( 2
)%Renewable Energy CertificatesCertificates~
~
Coal Short Ton~
~
6Natural Gas
MMBtu
( 238 )
( 330 )OilBarrels ~
PowerMWh~
V~
CapacityMW/Day( 1 )( 1 )InterestDollars
$~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8ymaUIS(S(=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }0}$
NRG ENERGY, INC.10Q
08/07/2019,$Fair Value of Derivative Instruments
Fair ValueDerivative Assets Derivative Liabilities
June 30, 2019December 31, 2018
June 30, 2019
December 31, 2018
(In millions)/'Derivatives Not Designated as Cash Flow
or Fair Value Hedges:'Interest rate contracts current
$~
F
$
$)!Interest rate contracts longterm ~
Z 
#Commodity contracts current~
J
~
~
*~
%Commodity contracts longterm~
~
~
~
0(Total Derivatives Not Designated as Cash~
~
~
~
F!Flow or Fair Value Hedges$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8 vj^Rp}XC=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }}$ }$}$ }$} $ }$}
$ }$
NRG ENERGY, INC.10Q
08/07/2019,$Fair Value of Derivative Instruments
0
(Gross Amounts Not Offset in the June 30,2019 Balance Sheet80Gross Amounts of Recognized Assets / LiabilitiesDerivative Instruments '
Cash Collateral (Held) / Posted
Net Amount
(In millions)Commodity contracts:
Derivative assets~
$( 1,029 )
$( 10 )
~
Derivative liabilities( 1,152 )~
~
( 65 )!Total commodity contracts~
$ ~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2=vj^R:)x8, =PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }y#}$ }$}$ }$} $ }$}
$ }$
NRG ENERGY, INC.10Q
08/07/2019,$Fair Value of Derivative Instruments
0
(Gross Amounts Not Offset in the December31, 2018 Balance Sheet80Gross Amounts of Recognized Assets / LiabilitiesDerivative Instruments '
Cash Collateral (Held) / Posted
Net Amount
(In millions)Commodity contracts:
Derivative assets~
J$( 778 )
$( 31 )
~
Derivative liabilities
( 977 )~
* ~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }U5}$ }$}$ }$
NRG ENERGY, INC.10Q
08/07/2019,$Accumulated Other Comprehensive Loss
Interest Rate Contracts( Three months ended June 30, 2018&Six months ended June 30, 2018
(In millions))
!Accumulated OCL beginning balance
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$( 54
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amounts4,Marktomarket of cash flow hedge accounting~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }7}$ }$}$ }$}
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#
NRG ENERGY, INC.10Q
08/07/2019H@Impact of Derivative Instruments on the Statements of Operations
#
Three months ended June 30,
!
Six months ended June 30,~
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)!Unrealized marktomarket results
(In millions)4
,Reversal of previously recognized unrealized~
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V( 76 )~
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(=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }a/}$ }$}$ }$}
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NRG ENERGY, INC.10Q
08/07/2019H@Impact of Derivative Instruments on the Statements of Operations
#
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!
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(In millions)
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( 220 )( 86 )
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bcost of operations/'Total impact to statement of operations~
$( 71 )~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }}$ }$}$ }$
NRG ENERGY, INC.10Q
08/07/2019]UAcquisitions, Discontinued Operations and DispositionsSale and Leaseback Transactions
(In millions)(
Three months ended June 30, 2019
&
Six months ended June 30, 2019Operating lease cost~
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Shortterm lease cost~
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Variable lease cost~
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.QE9!F&k_S+=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }I;}$
NRG ENERGY, INC.10Q
08/07/2019]UAcquisitions, Discontinued Operations and DispositionsSale and Leaseback Transactions
(In millions)&
Six months ended June 30, 201991Cash paid for amounts included in the measurement~
of lease liabilities:5
 Operating cash flows from operating leases~
0(Rightofuse assets obtained in exchange~
Z+#for new operating lease liabilities$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,QE9!W6fZ2=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }}y
NRG ENERGY, INC.10Q
08/07/2019]UAcquisitions, Discontinued Operations and DispositionsSale and Leaseback Transactions 
%Weightedaverage remaining lease term
In YearsFinance leases@Operating leases333333 @
&Weightedaverage discount rate %Finance leases@Operating leasesQ@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0QE9! jR=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }<(}$ }$
NRG ENERGY, INC.10Q
08/07/2019]UAcquisitions, Discontinued Operations and DispositionsSale and Leaseback Transactions
(In millions)Remainder of 2019~
~
~
~~
~
V
~
~
V~
~
Z
Thereafter~
)!Total undiscounted lease payments~
&Less: present value adjustment
( 185 )'Total discounted lease payments~
. $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6QE9!mE~6=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }2}$ }$}$ }$}$ }
+
NRG ENERGY, INC.10Q
08/07/2019'Note 10 Debt and Capital Leases #
(In millions, except rates)
June 30, 2019
December 31, 2018
Interest rate % Recourse debt:
Senior Notes, due 2024
$
~
v
@Senior Notes, due 2026~
~
@Senior Notes, due 2027~
:~
: @Senior Notes, due 2028~
~
@Senior Notes, due 2029~
v  @*"Convertible Senior Notes, due 2048~
~
@1)Senior Secured First Lien Notes, due 2024~
b  @1)Senior Secured First Lien Notes, due 2029~
 @Term Loan Facility (a) ~
L+1.75Taxexempt bonds~
J~
J 4.125  6.00Subtotal recourse debt~
\~
e Nonrecourse debt: *"Agua Caliente Borrower 1, due 2038~
N~
Z Q@Midwest Generation ~
(\@
Other~
~
various&Subtotal all nonrecourse debt~
~
2*Subtotal longterm debt (including current~
j^~
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~
variousD
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&
'
(
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2 *Subtotal longterm debt and capital leases~
n^ ~
h &!(including current maturities)"Less current maturities"( 87 ")""( 72 ")"" #Less debt issuance costs#( 71 #)##( 70 #)## $ Discounts$( 91 $)$
$( 101 $)$$ /%'Total longterm debt and capital leases~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }0}$
NRG ENERGY, INC.10Q
08/07/20192*Summary of Significant Accounting Policies
(In millions)
June 30, 2019
December 31, 2018Current assets~
~
)!Net property, plant and equipment~
*~
2
Other longterm assets~
v
~
r
Total assets~
~
Current liabilities~
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Longterm debt~
r~
v#Other longterm liabilities~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant AccountiShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }a/}}$ }m}$}$ }}$
NRG ENERGY, INC.10Q
08/07/2019,$Note 12 Changes in Capital Structure
Issued
Treasury
Outstanding'Balance as of December 31, 2018~
e4d
( 136,638,847 )~
ޟC!Shares issued under LTIPs~
R^ ~
R^
Shares repurchased

( 26,621,029
)
( 26,621,029
)#Balance as of June 30, 2019~
*}d
( 163,259,876 )~
=/'Shares issued under LTIPs subsequent to~
; ~
;
June 30, 2019%Shares repurchased subsequent to June ( 5,586,536 )( 5,586,536 )30, 2019$Balance as of August 7, 2019~
d
( 168,846,412 )~
'Q<$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6zvj^R^,{#=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }$4}y}$
NRG ENERGY, INC.10Q
08/07/2019Share Repurchases
(
Total number of shares purchased
7
/Amounts paid for shares purchased (in millions)*"Board Authorized Share Repurchases
2018 program:1
) Repurchases made during JanuaryFebruary~
w
~
$to complete the 2018 program
2019 program:%Shares repurchased under February 28,~
>@~
B3+2019 Accelerated Share Repurchase AgreementOther repurchases~
>'~
R.&Total Share Repurchases during the six~
X~
z"months ended June 30, 2019/'Repurchases made subsequent to June 30,~
T~
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6˭~
ended August 7, 2019$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>0}qe@f)$wWK#=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare Repurchases Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }1}$
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NRG ENERGY, INC.10Q
08/07/2019"Note 13 Earnings Per Share
#
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Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }}$}$ }$}$ }$} $ }
}$
NRG ENERGY, INC.10Q
08/07/2019"Note 13 Earnings Per Share
#
Three months ended June 30,
!
Six months ended June 30,In millions of shares~
~
~
~
!Equity compensation plans    ~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(Tth\h=1%=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }6}$ }$}
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NRG ENERGY, INC.10Q
08/07/2019kcAcquisitions, Discontinued Operations and DispositionsAcquisitions, Discontinued Operations and Dis
,
$Three months ended June 30, 2019 (a)Retail
Generation Corporate
Eliminations
Total
(In millions)
Operating revenues (b)~
R
~
^
$
$( 650
)
~
&
%Depreciation and amortization~
~
~
"
~
VImpairment losses~
 
~
Reorganization costs~
 
~
Gain on sale of assets  ~
~
( Loss on debt extinguishment, net   ( 47 )
( 47 )0((Loss)/income from continuing operations
( 280 )~
( 151 )~
~
before income taxes0((Loss)/income from continuing operations
( 280 )~
( 150 )~
~
,$Income from discontinued operations,  ~
6
~
6
net of taxNet (loss)/income
( 280 )~
( 137 )~
~
*5Net (loss)/income attributable to NRG Energy,$( 281 )~
$( 137 )~
~
&Inc.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/BXC7+#E Gm 2%F0YdTH =PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }8}$ }$}
$ }$}$ }$}$
NRG ENERGY, INC.10Q
08/07/2019kcAcquisitions, Discontinued Operations and DispositionsAcquisitions, Discontinued Operations and Dis
,
$Three months ended June 30, 2018 (a)Retail
Generation Corporate
Eliminations
Total
(In millions)
Operating revenues (b)~
Z
~
>
$
$( 520
)
~
v&
%Depreciation and amortization~
z~
*~
&
( 1 )~
Reorganization costs~
~
~
N
~
^7/Equity in earnings of unconsolidated affiliates ~
~
( 2 )~
0((Loss)/income from continuing operations( 84 )~
( 137 )~
~
before income taxes0((Loss)/income from continuing operations( 84 )~
( 142 )~
~
n,$Income from discontinued operations,  ~
~
net of taxNet (loss)/income( 84 )~
( 73 )~
~
5Net (loss)/income attributable to NRG Energy,
$( 84 )~
$( 97 )~
~
"Inc.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }6}$ }$}$ }$}
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NRG ENERGY, INC.10Q
08/07/2019kcAcquisitions, Discontinued Operations and DispositionsAcquisitions, Discontinued Operations and Dis
*
"Six months ended June 30, 2019 (a)Retail
Generation Corporate
Eliminations
Total
(In millions)
Operating revenues (b)~
n4
~
:"
$
$( 915
)
~
ZH
%Depreciation and amortization~
~
n~
B
~
Impairment losses~
 
~
Reorganization costs~
~
~
.
~
>Gain on sale of assets ~
~
~
5Equity in losses of unconsolidated affiliates ( 21 ) 
( 21 )( Loss on debt extinguishment, net   ( 47 )
( 47 )0((Loss)/income from continuing operations
( 169 )~
n
( 275 )
( 1 )~
zbefore income taxes0((Loss)/income from continuing operations
( 170 )~
n
( 277 )
( 1 )~
n,$Income from discontinued operations,  ~
F
~
F
net of taxNet (loss)/income
( 170 )~
n~
( 1 )~
5Net (loss)/income attributable to NRG Energy,$( 171 )~
n~
$( 1 )~
Inc. common stockholders$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/DlC7+#G"Io1A"2S=huQE=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }8}$ }$}
$ }$}$ }$}$
NRG ENERGY, INC.10Q
08/07/2019kcAcquisitions, Discontinued Operations and DispositionsAcquisitions, Discontinued Operations and Dis
*
"Six months ended June 30, 2018 (a)Retail
Generation Corporate
Eliminations
Total
Operating revenues (b)~
z3
~
z
$
$( 206
)
~
F
%Depreciation and amortization~
~
~
J
( 2 )~
Impairment losses ~
* 
~
*Reorganization costs~
~
~
~
Gain on sale of assets ~
~
:
~
B7/Equity in earnings of unconsolidated affiliates ~
~
( 2 )~
0(Income/(loss) from continuing operations~
r
( 319 )
( 264 )
( 1 )~
Rbefore income taxes0(Income/(loss) from continuing operations~
r
( 319 )
( 275 )
( 1 )~
&,$Income from discontinued operations,  ~
~
net of taxNet income/(loss)~
r
( 319 )
( 211 )
( 1 )~
&5Net income/(loss) attributable to NRG Energy,~
n
$( 313 ) $( 196 )~
~
~ Inc. common stockholders$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/B3XC7+#GM=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }U5}$ }U}$ }$}
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NRG ENERGY, INC.10Q
08/07/2019!Effective Income Tax Rate
#
Three months ended June 30,
!
Six months ended June 30,!In millions, except rates~
~
~
~
0(Income from continuing operations before~
~
~
z~
R
income taxes4,Income tax (benefit)/expense from continuing( 1 )~
~
~
.
operations!Effective income tax rate
( 0.5
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%~
%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0ui]9G;/=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax RateDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }$4}$
NRG ENERGY, INC.10Q
08/07/2019*"Note 16 Related Party Transactions
#
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party Transacti!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }a/}1
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NRG ENERGY, INC.10Q
08/07/2019Debt and Capital Leases
Ace Energy, Inc.!
NRG Business Services LLC
NRG PacGen Inc.#Allied Home Warranty GP LLC*"NRG Cabrillo Power Operations Inc.NRG Portable Power LLCAllied Warranty LLC,$NRG California Peaker Operations LLCNRG Power Marketing LLC
Arthur Kill Power LLC0
(NRG Cedar Bayou Development Company, LLC%
NRG Reliability Solutions LLC%Astoria Gas Turbine Power LLCNRG Connected Home LLC#NRG Renter's Protection LLCBidURenergy, Inc./'NRG Connecticut Affiliate Services Inc.NRG Retail LLCCabrillo Power I LLCNRG Construction LLC NRG Retail Northeast LLCCabrillo Power II LLC&NRG Curtailment Solutions, Inc$NRG Rockford Acquisition LLC'Carbon Management Solutions LLC$NRG Development Company Inc.#NRG Saguaro Operations Inc.Cirro Group, Inc.!NRG Devon Operations Inc.NRG Security LLC#Cirro Energy Services, Inc.!NRG Dispatch Services LLC NRG Services Corporation!Connecticut Jet Power LLC1)NRG Distributed Energy Resources Holdings%NRG SimplySmart Solutions LLCLLCDevon Power LLC)!NRG Distributed Generation PR LLC1)NRG South Central Affiliate Services Inc.Dunkirk Power LLC#NRG Dunkirk Operations Inc.)!NRG South Central Operations Inc.)!Eastern Sierra Energy Company LLCNRG ECOKAP Holdings LLCNRG South Texas LPEl Segundo Power, LLC&NRG El Segundo Operations Inc. NRG Texas C&I Supply LLCEl Segundo Power II LLC%NRG Energy Labor Services LLCNRG Texas Gregory LLC*"Energy Alternatives Wholesale, LLC%NRG Energy Services Group LLCNRG Texas Holding Inc.#Energy Choice Solutions LLC.&NRG Energy Services International Inc.
NRG Texas LLC Energy Plus Holdings LLCNRG Energy Services LLCNRG Texas Power LLC#Energy Plus Natural Gas LLC%NRG Generation Holdings, Inc.!NRG Warranty Services LLCDlwk_;hx8K}b. !"#$%&'()*+,./0123456789:;+ #Energy Protection Insurance Company NRG Greenco LLC NRG West Coast LLC!Everything Energy LLC)!!NRG Home & Business Solutions LLC+!#NRG Western Affiliate Services Inc.""Forward Home Security, LLC"NRG Home Services LLC%"O'Brien Cogeneration, Inc. II #GCP Funding Company, LLC#NRG Home Solutions LLC#ONSITE Energy, Inc.%$Green Mountain Energy Company&$NRG Home Solutions Product LLC$Oswego Harbor Power LLC%Gregory Partners, LLC#%NRG Homer City Services LLC$%Reliant Energy Northeast LLC"&Gregory Power Partners LLC#&NRG Huntley Operations Inc.(& Reliant Energy Power Supply, LLC'Huntley Power LLC'
NRG HQ DG LLC+'#Reliant Energy Retail Holdings, LLC(( Independence Energy Alliance LLC (NRG Identity Protect LLC+(#Reliant Energy Retail Services, LLC%)Independence Energy Group LLC%)NRG Ilion Limited Partnership)RERH Holdings, LLC+*#Independence Energy Natural Gas LLC*NRG Ilion LP LLC*Saguaro Power LLC$+Indian River Operations Inc.+NRG International LLC +Somerset Operations Inc.,Indian River Power LLC$,NRG Maintenance Services LLC,Somerset Power LLC Meriden Gas Turbines LLCNRG Mextrans Inc.Texas Genco GP, LLC.Middletown Power LLC/.'NRG MidAtlantic Affiliate Services Inc.".Texas Genco Holdings, Inc./Montville Power LLC&/NRG Middletown Operations Inc./Texas Genco LP, LLC0NEO Corporation%0NRG Montville Operations Inc. 0Texas Genco Services, LP1New Genco GP, LLC)1!NRG North Central Operations Inc.1US Retailers LLC2Norwalk Power LLC2%NRG Northeast Affiliate Services Inc.2Vienna Operations Inc.!3NRG Advisory Services LLC*3"NRG Norwalk Harbor Operations Inc.3Vienna Power LLC#4NRG Affiliate Services Inc.$4NRG Operating Services, Inc.%4WCP (Generation) Holdings LLC'5NRG Arthur Kill Operations Inc./5'NRG Oswego Harbor Power Operations Inc.5West Coast Power LLC/6'NRG Astoria Gas Turbine Operations Inc.6678$9____________________________1:)Created by Morningstar Document Research.0;(http://documentresearch.morningstar.com/<F`+V}Ghr'=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }8}$ }$}$ }$}
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NRG ENERGY, INC.10Q
08/07/20190(For the three months ended June 30, 2019
Guarantor Subsidiaries
"
NonGuarantor Subsidiaries
NRG Energy, Inc.
Eliminations (a)
Consolidated
(Note Issuer)
(In millions)
Operating Revenues
Total operating revenues~
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$( 7 )~
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~
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( 7 )~
%Depreciation and amortization~
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7/Equity in earnings of consolidated subsidiaries~
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( 432 ) Other income, net~
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R( Loss on debt extinguishment, net   ( 47 )
( 47 )Interest expense( 3 )( 5 ) ( 97 )

( 105 )$Total other income/(expense)~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }8}$ }$}$ }$}
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NRG ENERGY, INC.10Q
08/07/2019.&For the six months ended June 30, 2019
Guarantor Subsidiaries
"
NonGuarantor Subsidiaries
NRG Energy, Inc.
Eliminations (a)
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(Note Issuer)
(In millions)
Operating Revenues
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( 203 )

( 219 )$Total other income/(expense)~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }1}$ }$}$ }$}
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NRG ENERGY, INC.10Q
08/07/20190(For the three months ended June 30, 2019
Guarantor Subsidiaries
"
NonGuarantor Subsidiaries
NRG Energy, Inc.
Eliminations (a)
Consolidated
(Note Issuer)
(In millions)
Net Income~
~
~
&
$( 432
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~
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Other Comprehensive Loss
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( 3 )Comprehensive Income~
~
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( 430 )~
/'Less: Comprehensive income attributable ~

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%to noncontrolling redeemable interest,$Comprehensive Income Attributable to~
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$( 430 )~
NRG Energy, Inc.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }a/}
$ }$}$ }$}$ }$
NRG ENERGY, INC.10Q
08/07/2019.&For the six months ended June 30, 2019
Guarantor Subsidiaries
"
NonGuarantor Subsidiaries
NRG Energy, Inc.
Eliminations (a)
Consolidated
(Note Issuer)
(In millions)
Net Income~
~
~
$( 741
)
~
Other Comprehensive Loss
*"Availableforsale securities, net  ~
~
"Defined benefit plans, net   ( 6 )
( 6 ) Other comprehensive loss   ( 5 )
( 5 )Comprehensive Income~
~
~
( 741 )~
/'Less: Comprehensive income attributable ~

~
%to noncontrolling redeemable interest,$Comprehensive Income Attributable to~
~
~
$( 741 )~
NRG Energy, Inc.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:th\P`"@(=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }7}$ }$}
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NRG ENERGY, INC.10Q
08/07/2019Shareholders' Equity
Guarantor Subsidiaries
"
NonGuarantor Subsidiaries
NRG Energy, Inc.
Eliminations (a)
Consolidated
(Note Issuer)ASSETS
(In millions)
Current Assets
!Cash and cash equivalents
$~
n~
.
$~
)!Funds deposited by counterparties~
~  
~
~Restricted cash~
"~
~
~
. Accounts receivable, net~
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( 71 )~
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~
~
( 815 )~
/*"Property, plant and equipment, net~
Z~
~
^
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(Other Assets
"Investment in subsidiaries~
~
~A
( 4,627 ) ( Equity investments in affiliates ~

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n~
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netGoodwill~
~
Z 
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J~
~ 
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#>#$Total other assets~
$($$~
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( 4,646 $)$~
$6$%Total Assets~
%m%%~
%&%%~
% Q%%%
$( 5,461 %)%~
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&&'Current Liabilities''''' ''
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($((~
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*Z**~
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/f /!0Total current liabilities~
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222~
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3&33~
333~
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33~
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444 444 4 44 4
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555 555 5 55 5
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666~
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( 16 6)6~
667Deferred income taxes7( 10 7)7~
777~
7 677 7
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8>88~
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999~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }I;}$ }$}$ }$}
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NRG ENERGY, INC.10Q
08/07/2019.&For the six months ended June 30, 2019
Guarantor Subsidiaries
"
NonGuarantor Subsidiaries
NRG Energy, Inc.
Eliminations (a)
Consolidated
(Note Issuer)
(In millions),
$Cash Flows from Operating Activities
Net income~
~
~
$( 741 )~
+#Income from discontinued operations~
&~
~
~
F)!Income from continuing operations~
~
v~
( 741 )~
n.&Adjustments to reconcile net income to
%net cash provided/(used) by operatingactivities:5Distributions and equity in (earnings)/losses( 12 )~
Z
( 729 )~
~
Z5of unconsolidated affiliates and consolidatedsubsidiaries0(Depreciation, amortization and accretion~
~
~
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~
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~
~
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$Amortization of nuclear fuel~
n  
~
n0(Amortization of financing costs and debt  ~
6
~
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~
#Amortization of intangibles~
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~
*2*(Loss)/gain on sale and disposal of assets( 3 )~
~
~
Dlth\P`Fy"K !"#$%&'()*+,./0123456789:;<=>? Impairment losses~
 
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&F&& &&& & && &
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(( 343 ()((( 64 ()(~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }8}$ }$}$ }$}
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0
NRG ENERGY, INC.10Q
08/07/20190(For the three months ended June 30, 2018
Guarantor Subsidiaries
"
NonGuarantor Subsidiaries
NRG Energy, Inc.
Eliminations (a)
Consolidated
(Note Issuer)
(In millions)
Operating Revenues
Total operating revenues~
!~
$
$( 2 )~
v&$Operating Costs and Expenses
Cost of operations~
~
( 5 )
( 3 )~
%Depreciation and amortization~
~
~
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Z
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*"Total operating costs and expenses~
J~
~
( 4 )~
#Gain on sale of assets ~
: 
~
:Operating Income/(Loss)~
( 21 )
( 105 )~
~
Other Income/(Expense)
7/Equity in earnings of consolidated subsidiaries~
~
( 360 ) 7/Equity in earnings of unconsolidated affiliates ~

~
Other income/(loss), net~
( 29 )~
( 23 )( Loss on debt extinguishment, net   ( 1 )
( 1 )Interest expense( 4 )( 13 )
( 106 )

( 123 )$Total other income/(expense)~
( 37 )~
( 360 )
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( 358 ) ~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }8}$ }$}$ }$}
$ }$}$ }$}$ }$
1
NRG ENERGY, INC.10Q
08/07/2019.&For the six months ended June 30, 2018
Guarantor Subsidiaries
"
NonGuarantor Subsidiaries
NRG Energy, Inc.
Eliminations (a)
Consolidated
(Note Issuer)
(In millions)
Operating Revenues
Total operating revenues~
2=~
$
$( 10 )~
F$Operating Costs and Expenses
Cost of operations~
,~
~
&
( 11 )~
*3%Depreciation and amortization~
~
r~
F
~
Impairment losses ~
* 
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*+#Selling, general and administrative~
R~
n~
&
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Reorganization costs~
~
~
Development costs ~
~
( 1 )~
"*"Total operating costs and expenses~
1~
~
J
( 12 )~
>Gain on sale of assets~
~
6 
~
BOperating Income/(Loss)~
R~
N
( 210 )~
~
^Other Income/(Expense)
7/Equity in earnings of consolidated subsidiaries~
" ~
( 693 ) 5Equity in earnings/(losses) of unconsolidated ~
( 1 )
~
affiliates Other income/(loss), net~
"( 36 )~
( 23 )( Loss on debt extinguishment, net   ( 3 )
( 3 )Interest expense( 7 )( 34 )
( 198 )

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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }7}$ }$}$ }$}
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NRG ENERGY, INC.10Q
08/07/20190(For the three months ended June 30, 2018
Guarantor Subsidiaries
"
NonGuarantor Subsidiaries
NRG Energy, Inc.
Eliminations (a)
Consolidated
(Note Issuer)
(In millions)
Net Income~
N
~
v
~
Z
$( 358
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+#Unrealized gain on derivatives, net ~
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( 5 )~
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&( 4 )net*"Availableforsale securities, net  ~
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"Defined benefit plans, net   ( 1 )
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~
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6.Less: Comprehensive (loss)/income attributable ( 56 )~
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>~
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NRG Energy, Inc.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/BX~rfZN^z.@=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }7}$ }$}$ }$}
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NRG ENERGY, INC.10Q
08/07/2019.&For the six months ended June 30, 2018
Guarantor Subsidiaries
"
NonGuarantor Subsidiaries
NRG Energy, Inc.
Eliminations (a)
Consolidated
(Note Issuer)
(In millions)
Net Income~
z
~
~
$( 691
)
~
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+#Unrealized gain on derivatives, net ~
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( 22 )~
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b~
~
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( 699 )~
V6.Less: Comprehensive (loss)/income attributable 
( 119 )~
~
( 12 )1)to noncontrolling interest and redeemable interests,$Comprehensive Income Attributable to~
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$( 701 )~
NRG Energy, Inc.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/BXth\P`,: =PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }7}$ }$}
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I
NRG ENERGY, INC.10Q
08/07/2019Shareholders' Equity
Guarantor Subsidiaries
"
NonGuarantor Subsidiaries
NRG Energy, Inc.
Eliminations (a)
Consolidated
(Note Issuer)ASSETS
(In millions)
Current Assets
!Cash and cash equivalents~
~
r~
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( 754 )~
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B
( 81 )~
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~
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1~
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( 835 )~
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J~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
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08/07/2019.&For the six months ended June 30, 2018
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
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08/07/2019!Introduction and Overview
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Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
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NRG ENERGY, INC.10Q
08/07/2019*"Consolidated Results of Operations
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Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
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NRG ENERGY, INC.10Q
08/07/2019Electricity Prices
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesEconomic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }$}$ } $}
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NRG ENERGY, INC.10Q
08/07/2019Electricity Prices
,
$Average Realized Power Price ($/MWh)#Three months ended June 30,Region~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }:}$
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NRG ENERGY, INC.10Q
08/07/2019Economic Gross Margin
(
Three months ended June 30, 2019
Generation($ In millions)Retail
Texas East/West/Other (a)
SubtotalCorporate/Eliminations
Total
Energy revenue
$
~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }:}$
+
NRG ENERGY, INC.10Q
08/07/2019Economic Gross Margin
(
Three months ended June 30, 2018
Generation($ In millions)Retail
Texas East/West/Other (a)(b)
SubtotalCorporate/Eliminations
Total
Energy revenue
$
~
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Business Metrics
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!MWh generated (thousands)~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }}U}$ }U}$
NRG ENERGY, INC.10Q
08/07/2019Economic Gross Margin
#
Three months ended June 30,Weather Metrics
TexasEast/West/Other (b)~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }:}$
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NRG ENERGY, INC.10Q
08/07/20195Retail Gross Margin and Economic Gross Margin
#
Three months ended June 30,0((In millions, except as otherwise noted)~
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Texas%Mass electricity sales volume  GWh ~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and EconomiTexas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }y<}$
0
NRG ENERGY, INC.10Q
08/07/20195Retail Gross Margin and Economic Gross Margin
(In millions)2*Lower gross margin from Business Solutions~
2*primarily due to a reduction in the volume6
.of an early settlement of capacity obligations#in 2019 as compared to 20181)Lower gross margin due to the unfavorable~
7/impact from weather that resulted in a decrease2*in load of 750,000 MWh in 2019 as comparedto 2018/'Higher gross margin primarily driven by~
*3+higher volumes from XOOM and other customeracquisitions6.Higher gross margin from Mass due to increased~
"/'revenues of approximately $5.75 per MWh1)or $62 million primarily driven by margin1)enhancement initiatives, partially offset4,by higher supply costs driven by an increase.&in power prices of approximately $5.00per MWh or $54 million0(Business Solutions gross margin remained /'unchanged as lower revenues were offset2*by lower costs. Lower revenues were drivenDilymaUI
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zbe !"#$%&'()*+,./4 ,by lower rates to customers of approximately5!$5.25 per MWh or $27 million, offset by lower2"*supply costs driven by a decrease in power:#2prices at the time of procurement of approximately$$$5.25 per MWh or $27 million)%!Decrease in economic gross margin%~
%j%/&'Decrease in marktomarket for economic&~
&&/''hedging primarily due to net unrealized.(&gains/losses on open positions related)to economic hedges *Decrease in gross margin*~
*B*+,$____________________________1.)Created by Morningstar Document Research.0/(http://documentresearch.morningstar.com/$o,YGznb:=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }:}$
#
NRG ENERGY, INC.10Q
08/07/2019Texas Region
(In millions)1)Higher gross margin due to a 18% increase~
0(in average realized prices primarily due2
*to the intersegment transactions at annualaverage power prices5Higher gross margin driven by planned outages~
j1)at STP, Cedar Bayou and forced outages at%T.H. Wharton and Greens Bayou in 201880Higher gross margin from commercial optimization~
activities5Higher gross margin due to margin enhancement~
2*initiatives from reduced fuel supply costs)!Increase in economic gross margin~
/'Increase in marktomarket for economic~
^/'hedging primarily due to net unrealized.&gains/losses on open positions relatedto economic hedges0(Increase in contract and emission credit~
amortization Increase in gross margin~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }:}$
/
NRG ENERGY, INC.10Q
08/07/2019East/West/Other
(In millions)6.Lower gross margin due to the deconsolidations~
V2*of Ivanpah in April 2018 and Agua Caliente
in August 2018/'Lower gross margin primarily due to the~
^/'sale of BETM, Keystone and Conemaugh in4,the third quarter of 2018, Guam in the first4,quarter of 2019 and the retirement of Encinain December 20184,Lower gross margin due to insurance proceeds~
from outages in 20180(Lower gross margin due to a 22% decrease~
0(in realized capacity pricing in New York4,Lower gross margin due to an extended forced~
.&outage at the Sunrise facility in 20190(Lower gross margin due to a 11% decrease~
0(in average realized prices at Cottonwood/'Lower gross margin driven by a decrease~
4,in economic generation volume due to plannedoutages in 20191)Higher gross margin due to a 20% increase~
B1)in PJM capacity prices and a 10% increaseD<lsg7n!~bnh !"#$%&'()*+,.! in ISONE capacity prices8!0Higher gross margin from commercial optimization~
!!"
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#Other~
##)$!Decrease in economic gross margin~
$J$/%'Increase in marktomarket for economic~
%R%/&'hedging primarily due to net unrealized.'&gains/losses on open positions related(to economic hedges )Decrease in gross margin~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }U5}$
%
NRG ENERGY, INC.10Q
08/07/20196.MarktoMarket for Economic Hedging Activities
(
Three months ended June 30, 2019
Generation
Retail
Texas East/West/Other
Eliminations (a)
Total
(In millions)4,Marktomarket results in operating revenues
4,Reversal of previously recognized unrealized~
~
~
B~
$3+(gains)/losses on settled positions relatedto economic hedges.&Net unrealized gains on open positions~
~
Z~
~
~
"related to economic hedges/'Total marktomarket gains in operating~
~
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~
~
revenues1)Marktomarket results in operating costs
and expenses4,Reversal of previously recognized unrealized~
~
$~
~
..&losses on settled positions related toeconomic hedges3+Reversal of acquired loss positions related~
 
~
to economic hedges1)Net unrealized (losses) on open positions~
R~
~
~
b~
b"related to economic hedges2*Total marktomarket (losses) in operating~
j~
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~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }U5}$
%
NRG ENERGY, INC.10Q
08/07/20196.MarktoMarket for Economic Hedging Activities
(
Three months ended June 30, 2018
Generation
Retail
Texas East/West/Other
Eliminations (a)
Total
(In millions)4,Marktomarket results in operating revenues
4,Reversal of previously recognized unrealized
$~
.~
~
r~
/'(gains) on settled positions related toeconomic hedges%Net unrealized gains/(losses) on open ~
v~
~
r~
,$positions related to economic hedges+#Total marktomarket gains/(losses)
$~
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~
*in operating revenues1)Marktomarket results in operating costs
and expenses4,Reversal of previously recognized unrealized~
~
~
~
~
v3+losses/(gains) on settled positions relatedto economic hedges3+Reversal of acquired gain positions related~
 
~
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~
~
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~
~
~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }}$
NRG ENERGY, INC.10Q
08/07/20196.MarktoMarket for Economic Hedging Activities
#
Three months ended June 30,
(In millions)~
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Trading gains
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~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }'}$
NRG ENERGY, INC.10Q
08/07/2019*"Operations and Maintenance Expense
Generation
Corporate
Eliminations
Retail
Texas East/West/Other
Total
(In millions)(
Three months ended June 30, 2019~
~
~
~
~
~
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( Three months ended June 30, 2018~
~
~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance ExpeOther Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }I;}$
NRG ENERGY, INC.10Q
08/07/2019*"Operations and Maintenance Expense
(In millions)91Increase as a result of timing of the realization~
R&of Transformation Plan savings/
'Increase in investments in Texas plants~
:
,$in preparation for summer operations/'Increase primarily related to the lease~
*+#of Cottonwood from February 4, 2019/'Increase due to the XOOM acquisition in~
June 20180(Decrease due to the timing of outages in~
~
3+Decrease due to 2018 payments in settlement~
of certain legal matters/'Decrease due to the deconsolidations of~
)!Ivanpah and Agua Caliente in 2018
Other~
2* Increase in operations and maintenance~
expense$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/Dlxl`T$~18#vR]J>=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }'}$
NRG ENERGY, INC.10Q
08/07/2019 Other Cost of Operations
Generation
Retail
Texas East/West/Other
Total
(In millions)(
Three months ended June 30, 2019~
n
~
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~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }'}$
NRG ENERGY, INC.10Q
08/07/2019+#Selling, General and Administrative
Retail
Generation
Corporate
Total
(In millions)( Three months ended June 30, 2019~
~
~
~
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Three months ended June 30, 2018~
~
~
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~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and AdministratInterest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }=}$
NRG ENERGY, INC.10Q
08/07/2019+#Selling, General and Administrative
(In millions)2*Increase in selling and marketing expenses~
N1)associated with costs incurred for margin
enhancement initiatives.&Increase in bad debt expense primarily~
2( due to higher customer attrition:2Increase in selling expense due to the acquisition~
of XOOM in June 2018%Decrease due to additional litigation~
in 2018.&Decrease in general and administrative~
1)expense from cost initiatives as a result"of the Transformation Plan0(Decrease related to fees incurred in the~
!acquisition of businesses
Other~
;3 Increase in selling, general and administrative~
.expenses$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/Dlwk_S#yV
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }U5}$
NRG ENERGY, INC.10Q
08/07/2019Interest Expense
(In millions)/'Increase in derivative interest expense~
/'due to the termination of interest rate
swaps.&Decrease related to the termination of~
( inthemoney interest rate swaps.&Decrease related to the debt reduction~
4,of $1.2 billion and refinancing $2.4 billion3+of debt at lower interest rates in 2019 and~
0(Decrease related to the deconsolidations~
,$of Ivanpah and Agua Caliente in 2018
Other~
)! Decrease in interest expense~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>0~rf64M?OC7=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest ExpenseElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }+}$
NRG ENERGY, INC.10Q
08/07/2019>6Income from Discontinued Operations, Net of Income Tax
#
Three Months Ended June 30,
(In millions)~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }}$ } U}
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NRG ENERGY, INC.10Q
08/07/2019Electricity Prices
+
#Average on Peak Power Price ($/MWh)!Six months ended June 30,Region~
~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }U}$ } $}
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NRG ENERGY, INC.10Q
08/07/2019Electricity Prices
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }:}$
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NRG ENERGY, INC.10Q
08/07/2019Economic Gross Margin
&
Six months ended June 30, 2019
Generation($ In millions)Retail
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SubtotalCorporate/Eliminations
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }:}$
+
NRG ENERGY, INC.10Q
08/07/2019Economic Gross Margin
&
Six months ended June 30, 2018
Generation($ In millions)Retail
Texas East/West/Other (a)(b)
SubtotalCorporate/Eliminations
Total
Energy revenue
$
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Business Metrics
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }}
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NRG ENERGY, INC.10Q
08/07/2019Economic Gross Margin
!
Six months ended June 30,Weather Metrics
TexasEast/West/Other (b)~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }:}$
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NRG ENERGY, INC.10Q
08/07/20195Retail Gross Margin and Economic Gross Margin
!
Six months ended June 30,0((In millions, except as otherwise noted)~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }8}$
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NRG ENERGY, INC.10Q
08/07/20195Retail Gross Margin and Economic Gross Margin
(In millions)1)Lower gross margin due to the unfavorable~
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*in load of 900,000 MWh in 2019 as comparedto 20182*Lower gross margin from Business Solutions~
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3+supply costs driven by an increase in power.&prices of approximately $12.25 per MWh3+or $134 million, partially offset by higher/'revenue of approximately $10.25 per MWh2*or $111 million primarily driven by marginenhancement initiatives2*Lower gross margin from Business Solutions~
2*due to lower revenue driven by lower rates/'to customers of approximately $6.25 per/'MWh or $61 million, partially offset by/'lower supply costs driven by a decrease2*in power prices at the time of procurementD_lymaUI
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&Z&/''Decrease in marktomarket for economic'~
'r'/('hedging primarily due to net unrealized.)&gains/losses on open positions related*to economic hedges +Decrease in gross margin+~
++,$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/&@rwQE9=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }y<}$
&
NRG ENERGY, INC.10Q
08/07/2019Texas Region
(In millions)1)Higher gross margin due to a 22% increase~
f0(in weighted average realized prices, due3
+primarily to the intersegment transactions&at annual average power prices4,Higher gross margin driven by planned outage~
2*at STP, Cedar Bayou and a forced outage atT.H.Wharton in 2018:2Higher gross margin due to commercial optimization~
*
activities5Higher gross margin due to margin enhancement~
*2*initiatives from reduced fuel supply costs/'Decreased gross margin from lower sales~
of NOx emission credits
Other~
)!Increase in economic gross margin~
/'Increase in marktomarket for economic~
/'hedging primarily due to net unrealized.&gains/losses on open positions relatedto economic hedges0(Increase in contract and emission credit~
amortizationDlvj:[12F#d1 !"#$% Increase in gross margin~
!"$#____________________________1$)Created by Morningstar Document Research.0%(http://documentresearch.morningstar.com/_d=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }:}$
1
NRG ENERGY, INC.10Q
08/07/2019East/West/Other
(In millions)2*Lower gross margin due to Ivanpah and Agua~
1)deconsolidations in April 2018 and August
2019, respectively3+Lower gross margin due to the sale of BETM,~
3+Keystone and Conemaugh in the third quarter2*of 2018, Guam in the first quarter of 20190(and the retirement of Encina in December6.Lower gross margin due to decrease in economic~
1)generation volumes, primarily due to dark/'spread and spark spread contractions in1)the northeast and planned outages in 20193+Lower gross margin driven by a 27% decrease~
0(in realized capacity pricing in New York4,Lower gross margin due to insurance proceeds~
from outages in 20184,Lower gross margin due to an extended forced~
.&outage at the Sunrise facility in 20191)Higher gross margin due to a 29% increase~
1)in PJM capacity prices and a 13% increase!in ISONE capacity prices1)Higher gross margin due to a 14% increase~
NDglsg7o});C !"#$%&'()*+,./06 .in weighted average realized prices, primarily!at Midwest Generation8"0Higher gross margin from commercial optimization~
""#
activities)$!Decrease in economic gross margin~
$f$/%'Increase to marktomarket for economic~
%j%.&&hedges primarily due to net unrealized.'&gains/losses on open positions related(to economic hedges0)(Increase in contract and emission credit~
))*amortization +Decrease in gross margin~
++,$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/&~@O9sA#sg?=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }U5}$
%
NRG ENERGY, INC.10Q
08/07/20196.MarktoMarket for Economic Hedging Activities
&
Six months ended June 30, 2019
Generation
Retail
Texas East/West/Other
Eliminations (a)
Total
(In millions)4,Marktomarket results in operating revenues
4,Reversal of previously recognized unrealized~
~
~
~
b~
/'(gains) on settled positions related toeconomic hedges.&Net unrealized gains on open positions~
~
~
~
j~
6"related to economic hedges/'Total marktomarket gains in operating~
~
f~
~
~
revenues1)Marktomarket results in operating costs
and expenses4,Reversal of previously recognized unrealized~
~
~
~
~
.&losses on settled positions related toeconomic hedges3+Reversal of acquired gain positions related~
 
~
to economic hedges1)Net unrealized (losses) on open positions~
n~
~
~
"related to economic hedges+#Total marktomarket (losses)/gains~
J~
~
~
:~
DTlxl`THX"H^+,!
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }U5}$
%
NRG ENERGY, INC.10Q
08/07/20196.MarktoMarket for Economic Hedging Activities
&
Six months ended June 30, 2018
Generation
Retail
Texas East/West/Other
Eliminations (a)
Total
(In millions)4,Marktomarket results in operating revenues
4,Reversal of previously recognized unrealized~
~
~
~
~~
/'(gains) on settled positions related toeconomic hedges1)Net unrealized (losses) on open positions~
~
~
~
~
"related to economic hedges2*Total marktomarket (losses) in operating~
~
~
~
r~
revenues1)Marktomarket results in operating costs
and expenses4,Reversal of previously recognized unrealized~
~
~
~
~
3+losses/(gains) on settled positions relatedto economic hedges3+Reversal of acquired gain positions related~
 
~
to economic hedges%Net unrealized gains/(losses) on open~
^~
~
~
~
j,$positions related to economic hedges+#Total marktomarket gains/(losses)~
~
~
~
~
bDilxl`THX"H^+)fNd)( !"#$' in operating costs and expenses!$"____________________________1#)Created by Morningstar Document Research.0$(http://documentresearch.morningstar.com/,P=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }}$
NRG ENERGY, INC.10Q
08/07/20196.MarktoMarket for Economic Hedging Activities
!
Six months ended June 30,
(In millions)~
~
Trading gains
Realized~
~
~
Unrealized~
N~
6Total trading gains~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.xl`THv90$=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }$}$
NRG ENERGY, INC.10Q
08/07/2019*"Operations and Maintenance Expense
Retail
Generation
Corporate
Eliminations
Total
Texas East/West/Other (a)
(In millions)&
Six months ended June 30, 2019~
~
~
~
~
~
N
&Six months ended June 30, 2018~
~
~
~
~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,xl`T4ymE=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }6}$
%
NRG ENERGY, INC.10Q
08/07/2019*"Operations and Maintenance Expense
(In millions)0(Decrease due to the reduction in accrual~
5for the Midwest Generation asbestos liability"
following final settlement0(Decrease due to the timing of outages in~
~
/'Decrease due to the deconsolidations of~
)!Ivanpah and Agua Caliente in 20183+Decrease due to 2018 payments in settlement~
of certain legal matters5Decrease due to cost efficiencies as a result~
"of the Transformation Plan/'Increase in investments in Texas plants~
V,$in preparation for summer operations/'Increase primarily related to the lease~
F+#of Cottonwood from February 4, 2019/'Increase due to the XOOM acquisition in~
" June 2018/'Increase associated with costs incurred~
*"for margin enhancement initiatives
Other~
2* Decrease in operations and maintenance~
ZDClxl`T$xR+AH3 !"#$ expense!$"____________________________1#)Created by Morningstar Document Research.0$(http://documentresearch.morningstar.com/P=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }$}$
NRG ENERGY, INC.10Q
08/07/2019 Other Cost of Operations
Generation
Retail
Texas East/West/Other
Total
(In millions)&
Six months ended June 30, 2019~
~
~
~
&Six months ended June 30, 2018~
~
~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,9vj^4=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }6to cost efficiencies as a result of the Transformation
Plan0(Decrease in ARO accretion expense due to~
+#prior year writeoff of S.R. Berton0( Decrease in other cost of operations~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0vj^. yi^=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }$}$
NRG ENERGY, INC.10Q
08/07/2019+#Selling, General and Administrative
Retail
Generation
Corporate
Total
(In millions)&Six months ended June 30, 2019~
V~
~
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Six months ended June 30, 2018~
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }=}$
NRG ENERGY, INC.10Q
08/07/2019+#Selling, General and Administrative
(In millions)2*Increase in selling and marketing expenses~
1)associated with costs incurred for margin
enhancement initiatives.&Increase in bad debt expense primarily~
Z( due to higher customer attrition:2Increase in selling expense due to the acquisition~
2of XOOM in June 2018.&Decrease in general and administrative~
2*expense from cost efficiencies as a result"of the Transformation Plan5Decrease due to higher accruals for estimated~
!legal liabilities in 20180(Decrease related to fees incurred in the~
!acquisition of businesses;3 Increase in selling, general and administrative~
vexpenses$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/BXwk_S#yV
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }U5}$
NRG ENERGY, INC.10Q
08/07/2019Interest Expense
(In millions)0(Decrease related to the deconsolidations~
,$of Ivanpah and Agua Caliente in 2018.
&Decrease related to the termination of~
( inthemoney interest rate swaps.&Decrease related to the debt reduction~
4,of $1.2 billion and refinancing $2.4 billion3+of debt at lower interest rates in 2019 and~
/'Increase in derivative interest expense~
/'due to the termination of interest rate
swaps in 2019
Other~
( Decrease in interest expense~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>0~rf6G`RH<0=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)Liquidity PositionDebt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }+}$
NRG ENERGY, INC.10Q
08/07/2019>6Income from Discontinued Operations, Net of Income Tax
!
Six Months Ended June 30,
(In millions)~
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ChangeSouth Central Portfolio~
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$Yield Renewables Platform & Carlsbad
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Debt and Capital Leases (1)First Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }2}$
NRG ENERGY, INC.10Q
08/07/2019Liquidity Position
(In millions)
June 30, 2019
December 31, 2018!Cash and cash equivalents~
~
#Restricted cash  operating~
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Restricted cash  reserves (a)~
~
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*"Total credit facility availability~
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2*Total liquidity, excluding funds deposited~
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by counterparties$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/04pdDs">!=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionFirst Lien StructureCapital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }0}$
NRG ENERGY, INC.10Q
08/07/2019Debt and Capital Leases
Sales
#
Cash Proceeds (in millions)South Central Portfolio~
Carlsbad~
2
Guam
~
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Other~
*0(Sales transactions during the six months~
ended June 30, 2019$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.wk_#\&vjB=PF0*8X>
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FORM 10QNRG Energy IncRESULTS OF OPERATIONSGLOSSARY OF TERMSGLOSSARY OF TERMS (1)GLOSSARY OF TERMS (2)GLOSSARY OF TERMS (3)Income StatementIncome Statement (1)
Balance Sheet
Cash FlowsShareholders EquityShareholders Equity (1)!Net Income attributable to NRG !Other Balance Sheet InformationRestricted CashDisaggregated RevenuesDisaggregated Revenues (1)Disaggregated Revenues (2)Disaggregated Revenues (3)Contract BalancesXOOM Energy Acquisition !Sale of South Central Portfolio!Sale of South Central Portf (1)
CarlsbadCarlsbad (1)GenOn!Note 5 Fair Value of Financial Note 5 Fair Value of Finan (1)!Recurring Fair Value Measuremen!Recurring Fair Value Measur (1)!Recurring Fair Value Measur (2)!Recurring Fair Value Measur (3)!Derivative Fair Value Measureme!Derivative Fair Value Measu (1)!Derivative Fair Value Measu (2)Counterparty Credit RiskCounterparty Credit Risk (1)Regulated OperationsRegulated Operations (1)!Volumetric Underlying Derivativ!Fair Value of Derivative Instru!Fair Value of Derivative In (1)!Fair Value of Derivative In (2)!Accumulated Other Comprehensive!Impact of Derivative Instrument!Impact of Derivative Instru (1)!Acquisitions Discontinued Opera!Acquisitions Discontinued O (1)!Acquisitions Discontinued O (2)!Acquisitions Discontinued O (3)!Note 10 Debt and Capital Leases!Summary of Significant Accounti!Note 12 Changes in Capital StruShare RepurchasesNote 13 Earnings Per Share Note 13 Earnings Per Share (1)!Acquisitions Discontinued O (4)!Acquisitions Discontinued O (5)!Acquisitions Discontinued O (6)!Acquisitions Discontinued O (7)Effective Income Tax Rate!Note 16 Related Party TransactiDebt and Capital Leases!For the three months ended June!For the six months ended June 3!For the three months ended (1)!For the six months ended Ju (1)Shareholders Equity (2)!For the six months ended Ju (2)!For the three months ended (2)!For the six months ended Ju (3)!For the three months ended (3)!For the six months ended Ju (4)Shareholders Equity (3)!For the six months ended Ju (5)Introduction and Overview!Consolidated Results of OperatiElectricity PricesElectricity Prices (1)Economic Gross MarginEconomic Gross Margin (1)Economic Gross Margin (2)!Retail Gross Margin and Economi!Retail Gross Margin and Eco (1)Texas Region
EastWestOther!MarktoMarket for Economic Hedgi!MarktoMarket for Economic H (1)!MarktoMarket for Economic H (2)!Operations and Maintenance Expe!Operations and Maintenance (1)Other Cost of Operations!Selling General and Administrat!Selling General and Adminis (1)Interest Expense!Income from Discontinued OperatElectricity Prices (2)Electricity Prices (3)Economic Gross Margin (3)Economic Gross Margin (4)Economic Gross Margin (5)!Retail Gross Margin and Eco (2)!Retail Gross Margin and Eco (3)Texas Region (1)EastWestOther (1)!MarktoMarket for Economic H (3)!MarktoMarket for Economic H (4)!MarktoMarket for Economic H (5)!Operations and Maintenance (2)!Operations and Maintenance (3)Other Cost of Operations (1)Other Cost of Operations (2)!Selling General and Adminis (2)!Selling General and Adminis (3)Interest Expense (1)!Income from Discontinued Op (1)Liquidity PositionDebt and Capital Leases (1)Capital ExpendituresBalance Sheet (1)!Net Cash Provided by Operating !Net Cash ProvidedUsed by Invest!Net Cash UsedProvided by Financ!Fair Value Measurements and Dis!Fair Value Measurements and (1)Commodity Price Risk!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU }6} }$ } }$ } }$ } }$ }