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%. |