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Debt and Capital Leases Debt and Capital Leases (Tables)
3 Months Ended
Mar. 31, 2014
Long Term Debt Disclosure [Abstract]  
Long-term debt and capital leases
Long-term debt and capital leases consisted of the following:
(In millions, except rates)
 
March 31, 2014
 
December 31, 2013
 
Current interest rate % (a)
 
 
 
Recourse debt:
 
 
 
 
 
 
Senior notes, due 2018
 
$
1,130

 
$
1,130

 
7.625
Senior notes, due 2019
 
709

 
800

 
7.625
Senior notes, due 2019
 
296

 
602

 
8.500
Senior notes, due 2020
 
1,063

 
1,062

 
8.250
Senior notes, due 2021
 
1,128

 
1,128

 
7.875
Senior notes, due 2022
 
$
1,100

 

 
6.250
Senior notes, due 2023
 
990

 
990

 
6.625
Term loan facility, due 2018
 
1,997

 
2,002

 
L+3.00/L+2.00
Indian River Power LLC, tax-exempt bonds, due 2040 and 2045
 
247

 
247

 
5.375 - 6.00
Dunkirk Power LLC, tax-exempt bonds, due 2042
 
59

 
59

 
5.875
Fort Bend County, tax-exempt bonds, due 2038, 2042, and 2045
 
67

 
67

 
4.750
Subtotal NRG recourse debt
 
8,786

 
8,087

 
 
Non-recourse debt:
 
 
 
 
 
 
GenOn senior notes, due 2017
 
778

 
782

 
7.875
GenOn senior notes, due 2018
 
774

 
780

 
9.500
GenOn senior notes, due 2020
 
618

 
621

 
9.875
GenOn Americas Generation senior notes, due 2021
 
501

 
503

 
8.500
GenOn Americas Generation senior notes, due 2031
 
434

 
435

 
9.125
Subtotal GenOn debt (non-recourse to NRG)
 
3,105

 
3,121

 
 
NRG Marsh Landing, due 2017 and 2023
 
465

 
473

 
L+2.75 - 3.00
South Trent Wind LLC, due 2020
 
68

 
69

 
L+2.625
NRG Energy Center Minneapolis LLC, due 2017 and 2025
 
125

 
127

 
5.95 - 7.25
NRG Solar Alpine LLC, due 2022
 
158

 
221

 
L+2.50
NRG Solar Borrego I LLC, due 2024 and 2038
 
78

 
78

 
L+2.50/5.65
NRG Solar Avra Valley LLC, due 2031
 
62

 
63

 
L+2.25
NRG Yield Inc. Convertible Senior Notes, due 2019
 
323

 

 
3.5
NRG Yield - other
 
102

 
102

 
various
 Subtotal NRG Yield debt (non-recourse to NRG)
 
1,381

 
1,133

 
 
CVSR High Plains Ranch II LLC, due 2037
 
798

 
1,104

 
2.339 - 3.579
NRG West Holdings LLC, due 2023
 
520

 
512

 
L+2.50 - 2.875
Agua Caliente Solar LLC, due 2037
 
889

 
878

 
2.395 - 3.633
Ivanpah Financing, due 2014, 2015 and 2038
 
1,588

 
1,575

 
1.116 - 4.256
NRG Peaker Finance Co. LLC, bonds due 2019
 
127

 
154

 
L+1.07
TA - High Desert LLC, due 2014, 2023 and 2033
 
79

 
80

 
L+2.50/5.15
NRG Solar Kansas South LLC, due 2014 and 2031
 
58

 
58

 
L+2.00 - 2.625
NRG - other
 
146

 
102

 
various
 Subtotal NRG non-recourse debt
 
4,205

 
4,463

 
 
Subtotal non-recourse debt (including GenOn and NRG Yield)
 
8,691

 
8,717

 
 
Subtotal long-term debt (including current maturities)
 
17,477

 
16,804

 
 
Capital leases:
 
 
 
 
 
 
Chalk Point capital lease, due 2015
 
9

 
10

 
8.190
Other
 
2

 
3

 
various
Subtotal long-term debt and capital leases (including current maturities)
 
17,488

 
16,817

 
 
Less current maturities
 
685

 
1,050

 
 
Total long-term debt and capital leases
 
$
16,803

 
$
15,767

 
 
(a) As of March 31, 2014, L+ equals 3 month LIBOR plus x%, with the exception of the NRG Solar Kansas South LLC cash grant bridge loan which are 1 month LIBOR plus x% and NRG Solar Kansas South LLC term loan which is 6 month LIBOR plus x%.