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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Revenues      
Wholesale energy $ 2,828 $ 2,653 $ 2,890
Wholesale energy to affiliate 14 84 51
Retail energy 1,095 1,243 1,027
Energy-related businesses 544 601 527
Total Operating Revenues 4,481 4,581 4,495
Operation      
Fuel 1,194 1,196 1,048
Energy purchases 676 1,054 1,153
Operation and maintenance 1,052 1,007 961
Loss on lease termination 0 0 697
Impairments 657 0 65
Depreciation 356 297 299
Taxes, other than income 65 57 53
Energy-related businesses 520 573 512
Total Operating Expenses 4,520 4,184 4,788
Operating Income (Loss) (39) 397 (293)
Other Income (Expense) - net (118) 30 32
Interest Expense 211 124 159
Income (Loss) from Continuing Operations Before Income Taxes (368) 303 (420)
Income Taxes (27) 116 (159)
Income (Loss) from Continuing Operations After Income Taxes (341) 187 (261)
Income (Loss) from Discontinued Operations (net of income taxes) 0 223 32
Net Income (Loss) (341) 410 (229)
Net Income (Loss) Attributable to Noncontrolling Interests 0 0 1
Net Income (Loss) Attributable to Member (341) 410 (230)
Amounts Attributable to Member:      
Income (Loss) from Continuing Operations After Income Taxes (341) 187 (262)
Income (Loss) from Discontinued Operations (net of income taxes) $ 0 $ 223 $ 32
Earnings Per Share of Common Stock - Basic:      
Income (Loss) from continuing operations after income taxes (in dollars per share) $ (3.10) $ 2.24 $ (3.13)
Income (Loss) from discontinued operations (net of income taxes) (in dollars per share) 0.00 2.67 0.38
Net Income (Loss) (in dollars per share) (3.10) 4.91 (2.75)
Earnings Per Share of Common Stock - Diluted:      
Income (Loss) from continuing operations (in dollars per share) (3.10) 2.24 (3.13)
Income (Loss) from discontinued operations (net of income taxes) (in dollars per share) 0.00 2.67 0.38
Net Income (Loss) (in dollars per share) $ (3.10) $ 4.91 $ (2.75)
Weighted-Average Shares of Common Stock Outstanding (in thousands)      
Basic (in shares) 109,898 83,524 83,524
Diluted (in shares) 109,898 83,524 83,524
Talen Energy Supply      
Operating Revenues      
Wholesale energy $ 2,828 $ 2,653 $ 2,890
Wholesale energy to affiliate 14 84 51
Retail energy 1,095 1,243 1,027
Energy-related businesses 544 601 527
Total Operating Revenues 4,481 4,581 4,495
Operation      
Fuel 1,194 1,196 1,048
Energy purchases 676 1,054 1,153
Operation and maintenance 1,052 1,007 961
Loss on lease termination 0 0 697
Impairments 657 0 65
Depreciation 356 297 299
Taxes, other than income 65 57 53
Energy-related businesses 520 573 512
Total Operating Expenses 4,520 4,184 4,788
Operating Income (Loss) (39) 397 (293)
Other Income (Expense) - net (118) 30 32
Interest Expense 211 124 159
Income (Loss) from Continuing Operations Before Income Taxes (368) 303 (420)
Income Taxes (27) 116 (159)
Income (Loss) from Continuing Operations After Income Taxes (341) 187 (261)
Income (Loss) from Discontinued Operations (net of income taxes) 0 223 32
Net Income (Loss) (341) 410 (229)
Net Income (Loss) Attributable to Noncontrolling Interests 0 0 1
Net Income (Loss) Attributable to Member (341) 410 (230)
Amounts Attributable to Member:      
Income (Loss) from Continuing Operations After Income Taxes (341) 187 (262)
Income (Loss) from Discontinued Operations (net of income taxes) $ 0 $ 223 $ 32