Form 11-K
Table of Contents

 
 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(Mark One)
     
þ   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
For the Fiscal Year Ended December 31, 2009
OR
     
o   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
         
    1  
 
       
FINANCIAL STATEMENTS:
       
 
       
    2  
 
       
    3  
 
       
    4  
 
       
SUPPLEMENTAL SCHEDULE:
       
 
       
    11  
 
       
EXHIBIT:
       
 
       
 Consent of Independent Registered Public Accounting Firm - Melton and Melton, L.L.P. (Exhibit 23.1)
NOTE: Other schedules required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.

 

 


Table of Contents

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 Plan’s 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 Plan’s 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 Plan’s 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 Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan’s 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

 

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RRI ENERGY, INC. SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 2009 AND 2008
                 
    December 31,  
    2009     2008  
ASSETS:
               
Investments, at fair value
  $ 365,172,045     $ 318,945,016  
Contributions Receivable-Employer
    677,839       1,754,036  
Contributions Receivable-Employee
    6,484        
 
           
 
               
NET ASSETS AVAILABLE FOR BENEFITS AT FAIR VALUE
    365,856,368       320,699,052  
 
               
Adjustment from fair value to contract value for fully benefit-responsive investment contracts
    (1,156,758 )     761,333  
 
           
 
               
NET ASSETS AVAILABLE FOR BENEFITS
  $ 364,699,610     $ 321,460,385  
 
           
See notes to financial statements.

 

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RRI ENERGY, INC. SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2009
         
ADDITIONS:
       
Contributions:
       
Employer
  $ 13,821,770  
Participant
    16,931,598  
 
     
Total contributions
    30,753,368  
Gain on Investments:
       
Interest
    1,972,806  
Dividends
    6,124,990  
Net appreciation in fair value of investments
    58,181,310  
 
     
Total gain on investments
    66,279,106  
Assets transferred in, net
    134,484  
Other Income
    76,199  
 
     
 
       
Total additions
    97,243,157  
 
     
 
       
DEDUCTIONS:
       
Benefits paid to participants
    53,889,583  
Administrative expenses
    114,349  
 
     
 
       
Total deductions
    54,003,932  
 
     
 
       
NET INCREASE
    43,239,225  
 
       
NET ASSETS AVAILABLE FOR BENEFITS:
       
BEGINNING OF YEAR
    321,460,385  
 
     
 
       
NET ASSETS AVAILABLE FOR BENEFITS:
       
END OF YEAR
  $ 364,699,610  
 
     
See notes to financial statements.

 

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RRI ENERGY, INC. SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
1.   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 participant’s interest in the Plan’s 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 participant’s 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”).

 

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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 participant’s 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 participant’s 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 participant’s account is credited with the participant’s contributions, the Company’s 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 participant’s vested account.
Investments - Participants direct the investment of their contributions, the Company’s matching contribution and the Company’s payroll profit-sharing and annual discretionary profit-sharing contribution into various investment options offered by the Plan. The Company’s 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 participant’s 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 participant’s 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.

 

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2.   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 Plan’s 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 Plan’s 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 Plan’s 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 Plan’s 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.

 

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Market Risk - The Plan provides for investments in various investment securities, including CenterPoint Energy, Inc. common stock (closed to new investment) and the Company’s 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 Plan’s 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 Plan’s gains and losses on investments bought and sold as well as held during the year.
3.   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.
4.   INVESTMENTS
Plan assets are held at Vanguard Fiduciary Trust Company (the “Trustee”). The following presents investments that represent 5% or more of the Plan’s net assets:
                 
    December 31,  
    2009     2008  
Mutual Funds:
               
American Funds: EuroPacific Growth Fund — Class A
  $ 20,457,015     $ 16,121,361  
Neuberger Berman Genesis Trust
    22,096,822       19,928,125  
PIMCO Total Return Fund — Administrative Class
    23,128,320       19,390,893  
Vanguard 500 Index Fund Investor Shares
    28,073,139       24,531,633  
Vanguard Windsor II Fund Investor Shares
    25,161,597       22,397,785  
Common/Collective Trust Fund:
               
Vanguard Retirement Savings Trust *
    52,351,830       58,997,255  
Common Stock Fund:
               
RRI Energy Common Stock Fund
    22,118,203       21,071,115  
     
*   The Vanguard Retirement Savings Trust, a fully benefit-responsive investment contract, as listed above represents the contract value of the Plan’s investment.

 

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During 2009, the Plan’s investments, including gains and losses on investments bought and sold, as well as held during the year, appreciated in value as follows:
         
    Net appreciation  
    in fair value of  
    investments  
Mutual funds
  $ 55,445,364  
Common stocks
    2,735,946  
 
     
 
  $ 58,181,310  
 
     
5.   FAIR VALUE MEASUREMENTS
The fair value of the Plan’s 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.

 

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As of December 31, 2009, the Plan’s investments measured at fair value on a recurring basis were as follows:
                                 
    Fair Value Measurements Using Input        
    Type        
    Level 1     Level 2     Level 3     Total  
Mutual funds:
                               
Bond funds
  $ 40,788,892     $     $     $ 40,788,892  
Balanced funds
    62,213,904                   62,213,904  
Domestic equity funds
    139,061,483                   139,061,483  
International equity funds
    35,729,380                   35,729,380  
Money market fund
    144,758                   144,758  
Common/collective trust fund
          53,508,588             53,508,588  
Common stock funds
    29,655,420                   29,655,420  
Participant loans
                4,069,620       4,069,620  
 
                       
Total
  $ 307,593,837     $ 53,508,588     $ 4,069,620     $ 365,172,045  
 
                       
As of December 31, 2008, the Plan’s investments measured at fair value on a recurring basis were as follows:
                                 
    Fair Value Measurements Using Input        
    Type        
    Level 1     Level 2     Level 3     Total  
Mutual funds:
                               
Bond funds
  $ 34,790,440     $     $     $ 34,790,440  
Balanced funds
    48,063,548                   48,063,548  
Domestic equity funds
    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 Plan’s 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  
 
     
6.   PLAN TERMINATION
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.

 

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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.
8.   TAX STATUS
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 Plan’s 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  
 
     
10.   SUBSEQUENT EVENTS
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.

 

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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  

 

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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.

 

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Table of Contents

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

 

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