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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 648 $ 352
Restricted cash and cash equivalents 67 176
Accounts receivable (less reserve:)    
Customer 261 186
Other 36 103
Accounts receivable from affiliates 0 36
Unbilled revenues 125 218
Fuel, materials and supplies 468 455
Prepayments 52 70
Deferred income taxes 114 8
Price risk management assets 576 1,079
Assets of discontinued operations 266 0
Other current assets 9 18
Total Current Assets 2,622 2,701
Investments    
Nuclear plant decommissioning trust funds 913 950
Other investments 25 30
Total Investments 938 980
Property, Plant and Equipment    
Generation 13,167 11,318
Nuclear fuel 652 624
Other 320 293
Less: accumulated depreciation 6,479 6,242
Property, plant and equipment, net 7,660 5,993
Construction work in progress 411 443
Total Property, Plant and Equipment, net 8,071 6,436
Other Noncurrent Assets    
Goodwill 0 72
Other intangibles 309 257
Price risk management assets 226 239
Other noncurrent assets 88 75
Total Other Noncurrent Assets 623 643
Total Assets 12,254 10,760
Current Liabilities    
Short-term debt 0 630
Long-term debt due within one year 654 535
Accounts payable 278 361
Accounts payable to affiliates 0 50
Taxes 13 28
Interest 68 16
Price risk management liabilities 506 1,024
Liabilities of discontinued operations 5 0
Counterparty collateral 92 16
Other current liabilities 232 230
Total Current Liabilities 1,848 2,890
Long-term Debt 3,376 1,683
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,559 1,223
Investment tax credits 26 27
Price risk management liabilities 178 193
Accrued pension obligations 253 299
Asset retirement obligations 472 415
Other deferred credits and noncurrent liabilities 140 123
Total Deferred Credits and Other Noncurrent Liabilities $ 2,628 $ 2,280
Commitments and Contingent Liabilities
Equity    
Predecessor Member's Equity [1] $ 0 $ 3,930
Common Stock - $0.001 par value [2] 0 0
Earnings reinvested 4,719 0
Accumulated other comprehensive income (loss) (311) 0
Total Equity (6) (23)
Total Equity 4,402 3,907
Total Liabilities and Equity 12,254 10,760
Talen Energy Supply    
Current Assets    
Cash and cash equivalents 648 352
Restricted cash and cash equivalents 67 176
Accounts receivable (less reserve:)    
Customer 261 186
Other 36 103
Accounts receivable from affiliates 0 36
Unbilled revenues 125 218
Fuel, materials and supplies 468 455
Prepayments 52 70
Deferred income taxes 114 8
Price risk management assets 576 1,079
Assets of discontinued operations 266 0
Other current assets 9 18
Total Current Assets 2,622 2,701
Investments    
Nuclear plant decommissioning trust funds 913 950
Other investments 25 30
Total Investments 938 980
Property, Plant and Equipment    
Generation 13,167 11,318
Nuclear fuel 652 624
Other 320 293
Less: accumulated depreciation 6,479 6,242
Property, plant and equipment, net 7,660 5,993
Construction work in progress 411 443
Total Property, Plant and Equipment, net 8,071 6,436
Other Noncurrent Assets    
Goodwill 0 72
Other intangibles 309 257
Price risk management assets 226 239
Other noncurrent assets 88 75
Total Other Noncurrent Assets 623 643
Total Assets 12,254 10,760
Current Liabilities    
Short-term debt 0 630
Long-term debt due within one year 654 535
Accounts payable 278 361
Accounts payable to affiliates 0 50
Taxes 13 28
Interest 68 16
Price risk management liabilities 506 1,024
Liabilities of discontinued operations 5 0
Counterparty collateral 92 16
Other current liabilities 232 230
Total Current Liabilities 1,848 2,890
Long-term Debt 3,376 1,683
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,559 1,223
Investment tax credits 26 27
Price risk management liabilities 178 193
Accrued pension obligations 253 299
Asset retirement obligations 472 415
Other deferred credits and noncurrent liabilities 140 123
Total Deferred Credits and Other Noncurrent Liabilities $ 2,628 $ 2,280
Commitments and Contingent Liabilities
Equity    
Member's Equity $ 4,402 $ 3,907
Total Liabilities and Equity $ 12,254 $ 10,760
[1] Represents Talen Energy Supply's predecessor member's equity prior to the June 1, 2015 spinoff transaction. Upon completion of the spinoff, the predecessor member's equity was transferred to Talen Energy Corporation's additional paid-in capital. See Note 1 for additional information on the spinoff.
[2] 1,000,000 shares authorized; 128,509 shares issued and outstanding at September 30, 2015.