We made the decision to refocus our business on our core expertise and set targets for cost reductions, portfolio repositioning and debt reduction, while providing better visibility into capital allocation decision making.
We identified and executed on corporate streamlining and cost-cutting initiatives, resulting in over half a billion dollars of total costs savings.
We better aligned our capital structure to the current market cycle. We recognize that power prices in many of our markets has been subdued for several years—driven by a variety of factors including weather, natural gas prices, renewable energy and changes in fuel mix.
Continuing our Transformation
The scale of our core—Generation/Retail—integrated platform allows us to realize unique operational synergies and efficiencies
Our diversified portfolio and business lines create a stable base of earnings and free cash flow while maintaining significant upside to a market recovery: More than two thirds of our 2016 economic gross margin came from sources not directly correlated to the price of natural gas
Through our strategic partnership with NRG Yield, we are able to capitalize on growth opportunities and quickly replenish capital at strong returns
A Leading Portfolio
#1
Competitive generation capacity in the U.S.
North America Portfolio
Total generation makeup by fuel type
* Before non-controlling interest
**As of 2016
A well-balanced, comprehensive portfolio ensures our ability to create a sustainable energy future while reliably powering people today.
CO2e is an abbreviation of ‘carbon dioxide equivalent’, the internationally recognized measure of greenhouse emissions. Using CO2e as a measure of greenhouse emissions allows for comparing the greenhouse impact of a variety of greenhouse emissions sources, including CO2.
140
Generating assets in 29 states(approximately)
10
VPP Star rated facilities
We showcased our commitment with 10 NRG fleet facilities maintaining their OSHA Voluntary Protection Program (VPP) Star status – the highest possible level of recognition from OSHA.
We showcased our commitment with 10 NRG fleet facilities maintaining their OSHA Voluntary Protection Program (VPP) Star status – the highest possible level of recognition from OSHA.
0.62
OSHA recordable incident rate*NRG rates do not include NRG New Businesses sector.
2016 saw us stay below the industry average incident rate by registering our second-best year-end incident rate of 0.62 since 2006.
2016 saw us stay below the industry average incident rate by registering our second-best year-end incident rate of 0.62 since 2006.
Renewable Footprint Growth
1,637
MW of utility scale solar and wind projectsacquired in 2016
2,966
MW Wind Capacityby year end 2016
* before non-controlling interest; includes NRG and NRG Yield
35
Wind farms in 12 states* Includes NRG and NRG Yield
1,825
MW Solar Capacitycombined utility, distributed, home solar
* before non-controlling interest; includes NRG and NRG Yield
Award-Winning Service
2016 TWh Sold
Retail load
**As of 2016
Our retail offering canvasses the U.S., powering both residential and C&I (commercial and industrial) customers.
