Form 11-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(Mark One)
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. |
For the Fiscal Year Ended December 31, 2009
OR
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. |
For the transition period from to
Commission file number 1-16455
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
RRI Energy, Inc. Savings Plan
P.O. Box 3795
Houston, TX 77253-3795
B. Name and issuer of the securities held pursuant to the plan and the address of its principal executive office:
RRI Energy, Inc.
1000 Main Street
Houston, TX 77002
RRI ENERGY, INC. SAVINGS PLAN
TABLE OF CONTENTS
NOTE: Other schedules required by the Department of Labors Rules and Regulations for Reporting and
Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they
are not applicable.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Trustees and Participants in the RRI Energy, Inc. Savings Plan:
We have audited the accompanying statements of net assets available for benefits of the RRI Energy,
Inc. Savings Plan (the Plan) as of December 31, 2009 and 2008, and the statement of changes in
net assets available for benefits for the year ended December 31, 2009. These financial statements
are the responsibility of the Plans management. Our responsibility is to express an opinion on
these financial statements based on our audits.
We conducted our audits in accordance with standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. We
were not engaged to perform an audit of the Plans internal control over financial reporting. Our
audit included consideration of internal control over financial reporting as a basis for designing
audit procedures that are appropriate in the circumstances, but not for the purpose of expressing
an opinion on the effectiveness of the Plans internal control over financial reporting.
Accordingly, we express no such opinion. An audit also includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements, assessing the
accounting principles used and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audits provide a reasonable basis for
our opinion.
In our opinion, the financial statements referred to above present fairly, in all material
respects, the net assets available for benefits of the Plan as of December 31, 2009 and 2008, and
the changes in net assets available for benefits for the year ended December 31, 2009 in conformity
with accounting principles generally accepted in the United States of America.
Our audits were conducted for the purpose of forming an opinion on the basic financial statements
taken as a whole. The accompanying supplemental schedule, listed in the Table of Contents, is
presented for the purpose of additional analysis and is not a required part of the basic financial
statements, but is supplementary information required by the Department of Labors Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974.
The supplemental schedule is the responsibility of the Plans management. The supplemental schedule
has been subjected to the auditing procedures applied in our audits of the basic financial
statements and, in our opinion, is fairly stated in all material respects in relation to the basic
financial statements taken as a whole.
/s/ MELTON & MELTON, L.L.P.
Houston, Texas
June 25, 2010
- 1 -
RRI ENERGY, INC. SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 2009 AND 2008
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December 31, |
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2009 |
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2008 |
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ASSETS: |
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Investments, at fair value |
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$ |
365,172,045 |
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$ |
318,945,016 |
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Contributions Receivable-Employer |
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677,839 |
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1,754,036 |
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Contributions Receivable-Employee |
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6,484 |
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NET ASSETS AVAILABLE FOR BENEFITS AT FAIR VALUE |
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365,856,368 |
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320,699,052 |
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Adjustment from fair value to contract
value for fully benefit-responsive
investment contracts |
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(1,156,758 |
) |
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761,333 |
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NET ASSETS AVAILABLE FOR BENEFITS |
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$ |
364,699,610 |
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$ |
321,460,385 |
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See notes to financial statements.
- 2 -
RRI ENERGY, INC. SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2009
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ADDITIONS: |
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Contributions: |
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Employer |
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$ |
13,821,770 |
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Participant |
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16,931,598 |
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Total contributions |
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30,753,368 |
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Gain on Investments: |
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Interest |
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1,972,806 |
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Dividends |
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6,124,990 |
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Net appreciation in fair value of investments |
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58,181,310 |
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Total gain on investments |
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66,279,106 |
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Assets transferred in, net |
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134,484 |
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Other Income |
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76,199 |
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Total additions |
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97,243,157 |
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DEDUCTIONS: |
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Benefits paid to participants |
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53,889,583 |
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Administrative expenses |
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114,349 |
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Total deductions |
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54,003,932 |
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NET INCREASE |
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43,239,225 |
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NET ASSETS AVAILABLE FOR BENEFITS: |
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BEGINNING OF YEAR |
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321,460,385 |
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NET ASSETS AVAILABLE FOR BENEFITS: |
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END OF YEAR |
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$ |
364,699,610 |
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See notes to financial statements.
- 3 -
RRI ENERGY, INC. SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
1. |
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DESCRIPTION OF THE PLAN |
General - The RRI Energy, Inc. Savings Plan (the Plan), is a defined contribution plan
sponsored by RRI Energy, Inc. covering substantially all of the eligible non-bargaining
employees of RRI Energy, Inc. or a subsidiary or an affiliate of RRI Energy, Inc.
(collectively, the Company) that has adopted the Plan. The following description of the Plan
is provided for general information purposes only. Participants should refer to the Plan
document for a more complete description of the Plan provisions. The Plan is subject to the
provisions of the Employee Retirement Income Security Act of 1974 (ERISA).
On May 1, 2009, the Company completed the sale of its equity interests in its Texas retail
entities. As a result of the sale, more than 20% of the Plan participants were terminated which
resulted in a partial termination of the Plan. In the event the Plan is wholly or partially
terminated, each affected participants interest in the Plans assets as of the termination
date remains 100% vested and nonforfeitable.
Eligibility - Employees shall be initially eligible to participate in the Plan as soon as
practicable following the date the employee first begins service with the Company. Any
participant who terminates service and subsequently recommences service with the Company shall
again become eligible to participate in the Plan as soon as practicable following the first
date the employee recommences service; provided, however, that each such employee is otherwise
eligible to become a participant pursuant to the terms of the Plan.
The Plan provides for the automatic enrollment of eligible new employees into the Plan
effective on the first day of the first full pay period beginning 30 days after the employee
has received written notice of such automatic enrollment (the Automatic Contribution Notice
Period). The initial pre-tax contribution will be 3% of eligible compensation, incrementally
increasing by 1% per year each April up to a maximum of 6%. If the employee elects during the
Automatic Contribution Notice Period not to make pre-tax contributions, or to make
contributions to the Plan in an alternate manner, then the automatic contribution provision
will not apply. Any eligible employee who is enrolled in the automatic contributions
arrangement will be provided with a ninety (90) day period (commencing from the first payroll
period subject to the automatic contribution) to elect out of the arrangement and withdraw the
automatic contributions made on their behalf, adjusted for investment gains and losses. Any
employer matching contributions attributable to the returned automatic contributions will be
forfeited.
Contributions - Participants may elect to contribute to the Plan on a pre-tax and/or after-tax
basis through periodic payroll contributions. Pre-tax contributions may be made from 1% up to
50% of the participants eligible compensation each pay period. Additionally, participants may
elect to make after-tax contributions from 1% up to 16% of eligible compensation each pay
period. Active participants who are, or will be, age 50 or older during a calendar year are
eligible to make additional pre-tax contributions (Catch-Up Contributions) to the Plan for
that year in excess of the annual pre-tax contribution limit up to a maximum amount permitted
by the Internal Revenue Code (the Code).
- 4 -
The Plan adopted a qualified Roth contribution program. Under this program, participants may
elect to treat all or a portion of their contributions that would otherwise be eligible to
defer as pre-tax contributions as designated Roth contributions, as defined in section
402A(c)(1) of the Code. The total
amount of participant pre-tax contributions combined with Roth contributions was limited to
$16,500 and $15,500 for 2009 and 2008, respectively. The maximum Catch-Up Contribution amount
was $5,500 and $5,000 for 2009 and 2008, respectively. Any contributions in excess of the
pre-tax contribution limit, excluding any Catch-Up Contributions, are made to the participants
after-tax account, unless the participant elects otherwise. All eligible compensation under the
Plan is subject to the section 401(a) (17) limit of the Code. This limit was $245,000 and
$230,000 for 2009 and 2008, respectively.
Plan participants who contribute receive Company matching contributions equal to 100% of the
first 6% of their contribution. The Company also makes payroll profit-sharing contributions and
may make annual discretionary profit-sharing contributions. The payroll profit-sharing
contribution was 2% of eligible compensation, and was limited to the first $106,800 and
$102,000 of the participants eligible compensation for 2009 and 2008, respectively. The
Company may also elect, in its sole discretion, to make an annual discretionary profit-sharing
contribution of up to 3% of the participants eligible compensation in cash, Company stock or a
combination. Eligible compensation for the purpose of annual discretionary profit-sharing
contributions includes compensation earned while participating in another qualified plan
sponsored by the Company. This contribution will generally be made within 90 days following the
end of the Plan year. The annual discretionary profit-sharing contribution receivable at
December 31, 2009 and 2008 was approximately $0.7 million and $1.8 million, respectively.
Participants do not need to contribute to the Plan to receive either type of profit-sharing
contribution.
Participant Accounts - Individual accounts are maintained for each Plan participant. Each
participants account is credited with the participants contributions, the Companys matching
contributions, allocations of Company payroll profit-sharing and annual discretionary
profit-sharing contributions, if applicable, any rollover contributions made by the participant
and Plan earnings, and may be charged with an allocation of administrative expenses.
Participant accounts are funded as soon as administratively possible. The benefit to which a
participant is entitled is the benefit that can be provided from the participants vested
account.
Investments - Participants direct the investment of their contributions, the Companys matching
contribution and the Companys payroll profit-sharing and annual discretionary profit-sharing
contribution into various investment options offered by the Plan. The Companys annual
discretionary profit-sharing contribution may be made in cash or Company stock. If the
contribution is made in Company stock, participants can transfer this contribution to any
available option.
Vesting - Participants are fully vested in their total account balance, including Company
contributions, under the Plan.
Participant Loans - Participants may borrow from their fund accounts up to a maximum of $50,000
or 50% of their account balance, whichever is less. The loans are secured by the balance in the
participants account and bear interest at rates commensurate with local prevailing rates as
determined under the Plan. Principal and interest are paid ratably through payroll deductions.
Payment of Benefits - On termination of employment including death, disability, or retirement,
a participant or beneficiary may elect to receive either a lump-sum amount equal to the value
of the participants vested interest in his or her account, or monthly, quarterly, semi-annual
or annual installments not to exceed ten years.
Forfeited Accounts - At December 31, 2009 and 2008, forfeited nonvested accounts totaled
$144,758 and $164,837, respectively. These accounts will be used to reduce future Company
contributions or to pay Plan expenses, pursuant to the Plan document. During 2009, employer
contributions were reduced by $100,539 from the utilization of forfeited nonvested accounts.
- 5 -
2. |
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SIGNIFICANT ACCOUNTING POLICIES |
Basis of Financial Presentation - The accompanying financial statements of the Plan are
prepared under the accrual basis of accounting in conformity with accounting principles
generally accepted in the United States of America (GAAP).
Adoption of New Accounting Guidance - In September 2009, the Financial Accounting Standards
Board (FASB) issued new guidance for the fair value measurement of investments in certain
entities that calculate net asset value (NAV) per share. The new guidance permits, as a
practical expedient, to measure the fair value of an investment on the basis of the NAV per
share of the investment if the NAV is calculated in a manner consistent with the measurement
principles for Investment Companies. The adoption of this guidance did not have an impact on
the Plans financial statements. Refer to Note 5 for further information on fair value
measurements.
In June 2009, the Accounting Standards Codification became the single official source of
authoritative, nongovernmental GAAP. The Codification brings together in one place all
authoritative GAAP other than guidance issued by the Securities and Exchange Commission. The
adoption of the Codification did not have an impact on the Plans financial statements.
In May 2009, the FASB established general standards on accounting for and disclosures of events
that occur after the balance sheet date but before the financial statements are issued or are
available to be issued. The adoption of this guidance did not impact the Plans financial
statements. Refer to Note 10 for further discussion of subsequent events.
In April 2009, the FASB issued guidance on estimating fair value when 1) there has been a
significant decrease in the volume and level of activity for an asset or liability compared
with the normal market activity for the asset or liability and 2) circumstances may indicate
that a transaction is not orderly. The adoption of this guidance did not have an impact on the
Plans financial statements. Refer to Note 5 for further information on fair value
measurements.
Fully Benefit-Responsive Investment Contracts - Generally accepted accounting principles
require that investment contracts held by a defined contribution plan be reported at fair
value. However, contract value is the relevant measurement attribute for that portion of the
net assets available for benefits of a defined contribution plan attributable to fully
benefit-responsive investment contracts because contract value is the amount participants would
receive if they were to initiate permitted transactions under the terms of the Plan. The Plan
invests in investment contracts through participation in the Vanguard Retirement Savings Trust,
a common/collective trust fund. As required by GAAP, the Statements of Net Assets Available for
Benefits present the fair value of the Vanguard Retirement Savings Trust as well as the
adjustment of the portion of the Vanguard Retirement Savings Trust related to fully
benefit-responsive contracts from fair value to contract value. The Statement of Changes in Net
Assets Available for Benefits is prepared on a contract value basis. The effect on the 2009 and
2008 financial statements was a decrease and an increase to the fair value of investments of
($1,156,758) and $761,333, respectively.
Use of Estimates - The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets, liabilities, and changes
therein, as of the date of the financial statements. Actual results could differ from those
estimates.
- 6 -
Market Risk - The Plan provides for investments in various investment securities, including
CenterPoint Energy, Inc. common stock (closed to new investment) and the Companys common
stock,
that are exposed to certain risks such as interest rate, credit, and overall market volatility.
Due to the level of risk, changes in the value of investment securities could occur in the near
term, and these changes could materially affect the amounts reported in the Statements of Net
Assets Available for Benefits.
Administrative Expenses - Administrative expenses of the Plan are paid by either the Plan or
the Plans sponsor as provided in the Plan document.
Payment of Benefits - Benefits are recorded when paid.
Investment Valuation and Income Recognition - Investments are reported at fair value. Fair
value is the price that would be received to sell an asset or paid to transfer a liability in
an orderly transaction between market participants at the measurement date.
Purchases and sales of securities are recorded on a trade-date basis. Interest income is
recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation
or net depreciation includes the Plans gains and losses on investments bought and sold as well
as held during the year.
3. |
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ASSETS TRANSFERRED TO THE PLAN |
During 2009, assets of approximately $134,000 transferred to the Plan as a result of net
plan-to-plan transfers of participant account balances from the RRI Energy, Inc. Union Savings
Plan.
Plan assets are held at Vanguard Fiduciary Trust Company (the Trustee). The following
presents investments that represent 5% or more of the Plans net assets:
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December 31, |
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2009 |
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2008 |
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Mutual Funds: |
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American Funds: EuroPacific Growth Fund Class A |
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$ |
20,457,015 |
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$ |
16,121,361 |
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Neuberger Berman Genesis Trust |
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22,096,822 |
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19,928,125 |
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PIMCO Total Return Fund Administrative Class |
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23,128,320 |
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19,390,893 |
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Vanguard 500 Index Fund Investor Shares |
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28,073,139 |
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24,531,633 |
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Vanguard Windsor II Fund Investor Shares |
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25,161,597 |
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22,397,785 |
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Common/Collective Trust Fund: |
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Vanguard Retirement Savings Trust * |
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52,351,830 |
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58,997,255 |
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Common Stock Fund: |
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RRI Energy Common Stock Fund |
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22,118,203 |
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21,071,115 |
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* |
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The Vanguard Retirement Savings Trust, a fully benefit-responsive investment
contract, as listed above represents the contract value of the Plans investment. |
- 7 -
During 2009, the Plans investments, including gains and losses on investments bought and sold,
as well as held during the year, appreciated in value as follows:
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Net appreciation |
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in fair value of |
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investments |
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Mutual funds |
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$ |
55,445,364 |
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Common stocks |
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2,735,946 |
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$ |
58,181,310 |
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5. |
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FAIR VALUE MEASUREMENTS |
The fair value of the Plans assets is determined by incorporating assumptions that a market
participant would use in pricing those assets. The assumptions and inputs used fall within a
three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value
based on their observability. These tiers are: Level 1, defined as observable inputs such as
quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active
markets that are either directly or indirectly observable; and Level 3, defined as unobservable
inputs in which little or no market data exists, therefore requiring an entity to develop its
own assumptions.
The following is a description of the valuation methodologies used for the investments measured
at fair value, including the general classification of such instruments pursuant to the
valuation hierarchy.
Mutual funds
The shares of registered investment companies held by the Plan are valued at quoted market
prices in an active market (which are based on the redeemable net asset value of the shares)
and are classified as Level 1 investments.
Common/collective trust fund
The Vanguard Retirement Savings Trust is a collective investment trust fund that invests solely
in the Vanguard Retirement Savings Master Trust. The underlying investments of the Master Trust
are primarily in pools of investment contracts that are issued by insurance companies and
commercial banks and in contracts that are backed by high-quality bonds, bond and securities
trusts, and mutual funds. The investments of the Master Trust are valued based on the aggregate
market values of the applicable bonds, bond and securities trusts, and other investments and
are classified as Level 2 investments.
Common stock funds
The common stock funds consist of the common stock of RRI Energy, Inc., the common stock of
CenterPoint Energy Inc. and cash and/or money market investments sufficient to help accommodate
daily transactions within each fund and are classified as Level 1 investments.
Participant loans
Participant loans are valued at their outstanding balances, which approximate fair value and
are classified as Level 3 investments.
- 8 -
As of December 31, 2009, the Plans investments measured at fair value on a recurring basis
were as follows:
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Fair Value Measurements Using Input |
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Type |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Mutual funds: |
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Bond funds |
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$ |
40,788,892 |
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$ |
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$ |
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$ |
40,788,892 |
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Balanced funds |
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|
62,213,904 |
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|
62,213,904 |
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Domestic equity funds |
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139,061,483 |
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|
139,061,483 |
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International equity funds |
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35,729,380 |
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35,729,380 |
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Money market fund |
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144,758 |
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144,758 |
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Common/collective trust fund |
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53,508,588 |
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53,508,588 |
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Common stock funds |
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29,655,420 |
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29,655,420 |
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Participant loans |
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|
4,069,620 |
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4,069,620 |
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Total |
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$ |
307,593,837 |
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|
$ |
53,508,588 |
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|
$ |
4,069,620 |
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|
$ |
365,172,045 |
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|
|
|
|
|
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|
As of December 31, 2008, the Plans investments measured at fair value on a recurring basis
were as follows:
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Fair Value Measurements Using Input |
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Type |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Mutual funds: |
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|
|
|
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|
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Bond funds |
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$ |
34,790,440 |
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|
$ |
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|
|
$ |
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|
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$ |
34,790,440 |
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Balanced funds |
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|
48,063,548 |
|
|
|
|
|
|
|
|
|
|
|
48,063,548 |
|
Domestic equity funds |
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|
114,635,742 |
|
|
|
|
|
|
|
|
|
|
|
114,635,742 |
|
International equity funds |
|
|
26,318,930 |
|
|
|
|
|
|
|
|
|
|
|
26,318,930 |
|
Common/collective trust fund |
|
|
|
|
|
|
58,235,922 |
|
|
|
|
|
|
|
58,235,922 |
|
Common stock funds |
|
|
28,901,662 |
|
|
|
|
|
|
|
|
|
|
|
28,901,662 |
|
Participant loans |
|
|
|
|
|
|
|
|
|
|
7,998,772 |
|
|
|
7,998,772 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
252,710,322 |
|
|
$ |
58,235,922 |
|
|
$ |
7,998,772 |
|
|
$ |
318,945,016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in the fair value of the Plans Level 3 investments during the year ended December 31,
2009 were as follows:
|
|
|
|
|
|
|
Participant |
|
|
|
loans |
|
Beginning balance |
|
$ |
7,998,772 |
|
Issuances and settlements (net) |
|
|
(3,929,152 |
) |
|
|
|
|
Ending balance |
|
$ |
4,069,620 |
|
|
|
|
|
Although it has not expressed any intention to do so, the Company has the right under the Plan
to discontinue its contributions at any time and to terminate the Plan subject to the
provisions of ERISA. In the event of a plan termination, participants would remain 100% vested
in their account.
- 9 -
7. |
|
RELATED PARTY TRANSACTIONS |
|
|
|
The Plan invests in shares of mutual funds and a common/collective trust fund managed by
an affiliate of the Trustee, as well as in shares of common stock of the Company. The Plan
also provides for loans to participants. Transactions in such investments qualify as
party-in-interest transactions which are exempt from the prohibited transaction rules. |
The Plan obtained its latest determination letter dated July 23, 2007, in which the Internal
Revenue Service stated that the Plan was in compliance with the applicable requirements of the
Code. The Plan has been amended since receiving the determination letter. However, the plan
administrator believes that the Plan is currently designed and being operated in compliance
with the applicable requirements of the Code. Therefore, no provision for income taxes has been
included in the Plans financial statements.
9. |
|
RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500 |
The following is a reconciliation of Net Assets Available for Benefits per the financial
statements to the Form 5500 as of December 31, 2009:
|
|
|
|
|
Net Assets Available for Benefits per financial statements |
|
$ |
364,699,610 |
|
Adjustment from contract value to fair value for fully benefit-responsive
investment contracts |
|
|
1,156,758 |
|
|
|
|
|
Net Assets Available for Benefits per Form 5500 |
|
$ |
365,856,368 |
|
|
|
|
|
The following is a reconciliation of the Changes in Net Assets Available for Benefits per the
financial statements to the Form 5500 for the year ended December 31, 2009:
|
|
|
|
|
Increase in Net Assets Available for Benefits per financial statements |
|
$ |
43,239,225 |
|
Adjustment from contract value to fair value for fully benefit-responsive
investment contracts |
|
|
1,156,758 |
|
|
|
|
|
Increase in Net Assets Available for Benefits per Form 5500 |
|
$ |
44,395,983 |
|
|
|
|
|
On April 11, 2010, the Company entered into an Agreement and Plan of Merger with Mirant
Corporation. At this time, the Company does not intend to terminate the Plan.
Significant events occurring after the balance sheet date and prior to the issuance of the
financial statements are monitored to determine the impacts, if any, of events on the financial
statements to be issued. All subsequent events were evaluated through the filing date of this
Form 11-K.
- 10 -
RRI ENERGY, INC. SAVINGS PLAN
Schedule H, Line 4(i) Schedule of Assets (Held at End of Year)
As of December 31, 2009
EIN 76-0655566
PLAN 001
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(c) |
|
|
|
|
|
|
|
(b) |
|
Description of investment including |
|
|
|
|
|
|
|
Identity of issue, borrower, lessor or |
|
maturity date, rate of interest, |
|
(d) |
|
(e) |
|
(a) |
|
similar party |
|
collateral, par, or maturity value |
|
Cost |
|
Current value |
|
|
|
Mutual Funds: |
|
|
|
|
|
|
|
|
|
|
American Funds: EuroPacific Growth Fund Class A |
|
Registered Investment Company |
|
(1) |
|
$ |
20,457,015 |
|
|
|
American Funds: Growth Fund of America Class A |
|
Registered Investment Company |
|
(1) |
|
|
3,910,706 |
|
|
|
American Funds: New Perspective Fund Class A |
|
Registered Investment Company |
|
(1) |
|
|
6,175,110 |
|
|
|
Artisan International Fund, Investor Class |
|
Registered Investment Company |
|
(1) |
|
|
5,076,709 |
|
|
|
Davis New York Venture Fund, Inc. Class A Shares |
|
Registered Investment Company |
|
(1) |
|
|
1,882,088 |
|
|
|
Dodge & Cox Balanced Fund |
|
Registered Investment Company |
|
(1) |
|
|
9,210,844 |
|
|
|
Neuberger Berman Genesis Trust |
|
Registered Investment Company |
|
(1) |
|
|
22,096,822 |
|
|
|
PIMCO Total Return Fund Administrative Class |
|
Registered Investment Company |
|
(1) |
|
|
23,128,320 |
|
|
|
T. Rowe
Price Equity Income Fund Advisor Class |
|
Registered Investment Company |
|
(1) |
|
|
1,624,900 |
|
|
|
T. Rowe Small-Cap Stock Fund Advisor Class |
|
Registered Investment Company |
|
(1) |
|
|
3,141,361 |
|
|
|
Turner Small Cap Growth Fund Class I Shares |
|
Registered Investment Company |
|
(1) |
|
|
5,119,792 |
|
* |
|
Vanguard 500 Index Fund Investor Shares |
|
Registered Investment Company |
|
(1) |
|
|
28,073,139 |
|
* |
|
Vanguard Capital Opportunity Fund Investor Shares |
|
Registered Investment Company |
|
(1) |
|
|
9,350,094 |
|
* |
|
Vanguard Dividend Growth Fund |
|
Registered Investment Company |
|
(1) |
|
|
5,743,541 |
|
* |
|
Vanguard Growth Equity Fund |
|
Registered Investment Company |
|
(1) |
|
|
17,951,584 |
|
* |
|
Vanguard Inflation-Protected Securities Fund Investor Shares |
|
Registered Investment Company |
|
(1) |
|
|
2,321,809 |
|
* |
|
Vanguard PRIMECAP Fund Investor Shares |
|
Registered Investment Company |
|
(1) |
|
|
5,851,786 |
|
* |
|
Vanguard Prime Money Market Fund |
|
Registered Investment Company |
|
(1) |
|
|
144,758 |
|
* |
|
Vanguard Target Retirement 2005 Fund |
|
Registered Investment Company |
|
(1) |
|
|
906,319 |
|
* |
|
Vanguard Target Retirement 2010 Fund |
|
Registered Investment Company |
|
(1) |
|
|
936,200 |
|
* |
|
Vanguard Target Retirement 2015 Fund |
|
Registered Investment Company |
|
(1) |
|
|
10,800,128 |
|
* |
|
Vanguard Target Retirement 2020 Fund |
|
Registered Investment Company |
|
(1) |
|
|
3,170,009 |
|
* |
|
Vanguard Target Retirement 2025 Fund |
|
Registered Investment Company |
|
(1) |
|
|
16,372,453 |
|
* |
|
Vanguard Target Retirement 2030 Fund |
|
Registered Investment Company |
|
(1) |
|
|
2,657,061 |
|
- 11 -
RRI ENERGY, INC. SAVINGS PLAN
Schedule H, Line 4(i) Schedule of Assets (Held at End of Year)
As of December 31, 2009 continued
EIN 76-0655566
PLAN 001
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(c) |
|
|
|
|
|
|
|
(b) |
|
Description of investment including |
|
|
|
|
|
|
|
Identity of issue, borrower, lessor or |
|
maturity date, rate of interest, |
|
(d) |
|
(e) |
|
(a) |
|
similar party |
|
collateral, par, or maturity value |
|
Cost |
|
Current value |
|
* |
|
Vanguard Target Retirement 2035 Fund |
|
Registered Investment Company |
|
(1) |
|
|
9,945,141 |
|
* |
|
Vanguard Target Retirement 2040 Fund |
|
Registered Investment Company |
|
(1) |
|
|
1,971,213 |
|
* |
|
Vanguard Target Retirement 2045 Fund |
|
Registered Investment Company |
|
(1) |
|
|
4,034,868 |
|
* |
|
Vanguard Target Retirement 2050 Fund |
|
Registered Investment Company |
|
(1) |
|
|
633,889 |
|
* |
|
Vanguard Target Retirement Income Fund |
|
Registered Investment Company |
|
(1) |
|
|
1,575,779 |
|
* |
|
Vanguard Total Bond Market Index Fund Investor Shares |
|
Registered Investment Company |
|
(1) |
|
|
15,338,763 |
|
* |
|
Vanguard Total International Stock Index Fund |
|
Registered Investment Company |
|
(1) |
|
|
4,020,546 |
|
* |
|
Vanguard Total Stock Market Index Fund Investor Shares |
|
Registered Investment Company |
|
(1) |
|
|
9,154,073 |
|
* |
|
Vanguard Windsor II Fund Investor Shares |
|
Registered Investment Company |
|
(1) |
|
|
25,161,597 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common/Collective Trust Fund: |
|
|
|
|
|
|
|
|
* |
|
Vanguard Retirement Savings Trust |
|
Common/Collective Trust |
|
(1) |
|
|
53,508,588 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock Funds: |
|
|
|
|
|
|
|
|
|
|
CenterPoint Energy Stock Fund |
|
Company Stock Fund |
|
(1) |
|
|
7,537,217 |
|
* |
|
RRI Energy Common Stock Fund |
|
Company Stock Fund |
|
(1) |
|
|
22,118,203 |
|
|
* |
|
Participant Loans |
|
Interest rates between 4.25% 10.50% |
|
$ 0 |
|
|
4,069,620 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets held for investment purposes |
|
|
|
|
|
$ |
365,172,045 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
|
Represents a party-in-interest. |
|
(1) |
|
Cost information has been omitted because all investments are participant-directed. |
- 12 -
SIGNATURE
THE PLAN. Pursuant to the requirements of the Securities Exchange Act of 1934, the Benefits
Committee of RRI Energy, Inc. has duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
|
|
|
|
|
RRI ENERGY, INC. SAVINGS PLAN
|
|
|
By: |
|
/s/ DAVID FREYSINGER
|
|
|
|
|
David Freysinger, Chairman of the Benefits |
|
|
|
|
Committee of RRI Energy, Inc., Plan Administrator |
|
June 25, 2010
- 13 -