XML 30 R50.htm IDEA: XBRL DOCUMENT v3.3.0.814
Financing Activities (Details)
1 Months Ended 9 Months Ended
Oct. 31, 2015
USD ($)
Sep. 30, 2015
USD ($)
shares
May. 31, 2015
USD ($)
Sep. 30, 2015
USD ($)
shares
Sep. 30, 2014
USD ($)
Nov. 02, 2015
USD ($)
Aug. 31, 2015
Jul. 31, 2015
Jun. 30, 2015
USD ($)
Jun. 01, 2015
USD ($)
Credit Arrangments and Short-term Debt                    
Unamortized fees included in interest expense       $ 12,000,000            
Long Term Debt                    
Total aggregate consideration paid to repurchase debt       $ 33,000,000 $ 308,000,000          
Preferred Stock                    
Preferred stock, shares authorized (in shares) | shares   100,000,000   100,000,000            
Preferred stock, shares issued (in shares) | shares   0   0            
Preferred stock, shares outstanding (in shares) | shares   0   0            
RJS Power                    
Long Term Debt                    
Long term debt assumed                   $ 1,244,000,000
Exempt Facilities Revenue Refunding Bonds                    
Long Term Debt                    
Debt instrument, face amount   $ 231,000,000   $ 231,000,000            
Interest rate             3.00%      
Term Loan and Revolving Credit Facility | MACH Gen. LLC | Subsequent event                    
Long Term Debt                    
Debt outstanding           $ 578,000,000        
Term Loan | MACH Gen. LLC | Subsequent event                    
Credit Arrangments and Short-term Debt                    
Weighted average interest rate           6.21%        
Long Term Debt                    
Debt outstanding           $ 475,000,000        
Series 2009A Bonds | Exempt Facilities Revenue Refunding Bonds                    
Long Term Debt                    
Debt instrument, face amount   $ 100,000,000   $ 100,000,000            
Interest rate   6.40%   6.40%            
Series 2009B and 2009C Bonds | Exempt Facilities Revenue Refunding Bonds                    
Long Term Debt                    
Debt instrument, face amount   $ 131,000,000   $ 131,000,000            
Interest rate   5.00%   5.00%            
Fixed interest rate period until mandatory repurchase and optional remarketing   5 years                
Talen Energy Supply                    
Long Term Debt                    
Total aggregate consideration paid to repurchase debt       $ 33,000,000 $ 308,000,000          
Talen Energy Supply | Redeemable Senior Unsecured Notes due 2025 | Unsecured Debt                    
Long Term Debt                    
Debt instrument, face amount     $ 600,000,000              
Interest rate     6.50%              
Proceeds from debt, net     $ 591,000,000              
Talen Energy Supply | Senior Notes due 2019 | Senior Notes                    
Long Term Debt                    
Interest rate               4.625%    
Talen Energy Supply | Senior Notes due 2019 | Senior Notes | RJS Power                    
Long Term Debt                    
Interest rate                 5.125%  
Long term debt assumed                 $ 1,250,000,000  
Talen Energy Supply | Reset Put Securities due 2035 | REset Put Securities | Subsequent event                    
Long Term Debt                    
Debt instrument, face amount $ 300,000,000                  
Interest rate 5.70%                  
Total aggregate consideration paid to repurchase debt $ 434,000,000                  
Principal amount repurchased 300,000,000                  
Remarketing option value paid 134,000,000                  
Talen Energy Supply | On or prior to June 1, 2020 | Redeemable Senior Unsecured Notes due 2025 | Unsecured Debt                    
Long Term Debt                    
Redemption price percentage     100.00%              
Talen Energy Supply | On or prior to June 1, 2018 | Redeemable Senior Unsecured Notes due 2025 | Unsecured Debt                    
Long Term Debt                    
Redemption price percentage     106.50%              
Redemption price, percentage of principal amount that may be redeemed     35.00%              
Syndicated Secured Credit Facility                    
Credit Arrangments and Short-term Debt                    
Expiration Date [1]       Jun. 30, 2020            
Capacity [1]   $ 1,850,000,000   $ 1,850,000,000            
Borrowed [1]   0   0            
Letters of Credit Issued [1]   334,000,000   334,000,000            
Unused Capacity [1]   $ 1,516,000,000   $ 1,516,000,000            
Covenant, ratio of secured debt to adjusted EBITDA   4.50   4.50            
Syndicated Secured Credit Facility | Talen Energy Supply                    
Credit Arrangments and Short-term Debt                    
Carrying value of property subject to lien to support facility   $ 7,000,000,000   $ 7,000,000,000            
Syndicated Secured Credit Facility | Talen Energy Supply | Subsequent event                    
Credit Arrangments and Short-term Debt                    
Borrowed 550,000,000                  
Amount borrowed under facility $ 400,000,000                  
Weighted average interest rate 2.44%                  
Facility Agreement | Talen Energy Supply                    
Credit Arrangments and Short-term Debt                    
Expiration Date       Jun. 30, 2017            
Potential maximum Facility Agreement capacity   500,000,000   $ 500,000,000            
Secured Trading Facility | Talen Energy Supply                    
Credit Arrangments and Short-term Debt                    
Expiration Date       Nov. 03, 2019            
Secured energy marketing and trading facility capacity   $ 800,000,000   $ 800,000,000            
Facility term       5 years            
Revolving Credit Facility | MACH Gen. LLC | Subsequent event                    
Credit Arrangments and Short-term Debt                    
Capacity           160,000,000        
Borrowed           $ 103,000,000        
Weighted average interest rate           4.98%        
[1] The facility includes capacity available for letters of credit and for short-term borrowings. The facility requires Talen Energy Supply to maintain a senior secured debt to adjusted EBITDA ratio (as defined in the agreement) of less than or equal to 4.50 to 1.00 as of the last day of any fiscal quarter. The company pays customary fees on the facility and borrowings bear interest at the company's option at either a defined base rate or LIBOR-based rates, in each case plus an applicable margin.