GLOSSARY OF TERMS
When the following terms and abbreviations appear in the text of this report, they have the meanings indicated below:
2019 Convertible Notes
Yield, Inc.'s $345 million aggregate principal amount of 3.50% Convertible Notes due 2019
2020 Convertible Notes
Yield, Inc.'s $287.5 million aggregate principal amount of 3.25% Convertible Notes due 2020
Alta Sellers
Terra-Gen Finance Company, LLC and certain of its affiliates
Alta TE Holdco
Alta Wind X-XI TE Holdco LLC
Alta Wind Portfolio
Seven wind facilities that total 947 MW located in Tehachapi, California and a portfolio of associated land leases
AOCL
Accumulated Other Comprehensive Loss
ARRA
American Recovery and Reinvestment Act of 2009
ASC
The FASB Accounting Standards Codification, which the FASB established as the source of
authoritative U.S. GAAP
ASU
Accounting Standards Updates - updates to the ASC
Buffalo Bear
Buffalo Bear, LLC, the operating subsidiary of Tapestry Wind LLC, which owns the Buffalo Bear project
CAA
Clean Air Act
CAFD
Cash Available For Distribution, which the Company defines as net income before interest expense, income taxes, depreciation and amortization, plus cash distributions from unconsolidated affiliates, less cash distributions to noncontrolling interests, maintenance capital expenditures, pro-rata EBITDA from unconsolidated affiliates, cash interest paid, income taxes paid, principal amortization of indebtedness and changes in other assets.
CfD
Contract for Differences
CFTC
U.S. Commodity Future Trading Commission
CO2
Carbon Dioxide
COD
Commercial Operations Date
Company
NRG Yield LLC, together with its consolidated subsidiaries
CVSR
California Valley Solar Ranch
DGPV Holdco 1
NRG DGPV Holdco 1 LLC
DGPV Holdco 2
NRG DGPV Holdco 2 LLC
Distributed Solar
Solar power projects, typically less than 20 MW in size, that primarily sell power produced to customers for usage on site, or are interconnected to sell power into the local distribution grid
Dodd-Frank Act
The Dodd-Frank Wall Street Reform and Consumer Protection Act
Drop Down Assets
Collectively, the June 2014 Drop Down Assets, the January 2015 Drop Down Assets and the November 2015 Drop Down Assets
Economic gross margin
Energy and capacity revenue, less cost of fuels
El Segundo
NRG West Holdings LLC, the subsidiary of Natural Gas Repowering LLC, which owns the El Segundo Energy Center project
EME
Edison Mission Energy
EPC
Engineering, Procurement and Construction
ERCOT
Electric Reliability Council of Texas, the ISO and the regional reliability coordinator of the various electricity systems within Texas
EWG
Exempt Wholesale Generator
Exchange Act
The Securities Exchange Act of 1934, as amended
FASB
Financial Accounting Standards Board
FCM
Forward Capacity Market
FERC
Federal Energy Regulatory Commission
FFB
Federal Financing Bank
FPA
Federal Power Act
GenConn
GenConn Energy LLC
GHG
Greenhouse gases
HLBV
Hypothetical Liquidation at Book Value
IASB
International Accounting Standards Board
IRS
Internal Revenue Service
ISO
Independent System Operator, also referred to as Regional Transmission Organization, or RTO
ISO-NE
ISO New England Inc.
ITC
Investment Tax Credit
January 2015 Drop Down Assets
The Laredo Ridge, Tapestry and Walnut Creek projects, which were acquired by Yield Operating LLC from NRG on January 2, 2015
June 2014 Drop Down Assets
The TA High Desert, Kansas South and El Segundo projects, which were acquired by Yield Operating LLC from NRG on June 30, 2014
Kansas South
NRG Solar Kansas South LLC, the operating subsidiary of NRG Solar Kansas South Holdings LLC, which owns the Kansas South project
Laredo Ridge
Laredo Ridge Wind, LLC, the operating subsidiary of Mission Wind Laredo, LLC, which owns the Laredo Ridge project
LIBOR
London Inter-Bank Offered Rate
Marsh Landing
NRG Marsh Landing LLC, formerly GenOn Marsh Landing LLC
MMBtu
Million British Thermal Units
MW
Megawatt
MWh
Saleable megawatt hours, net of internal/parasitic load megawatt-hours
MWt
Megawatts Thermal Equivalent
NERC
North American Electric Reliability Corporation
Net Exposure
Counterparty credit exposure to NRG Yield, Inc. net of collateral
November 2015 Drop Down Assets
75% of the Class B interests of NRG Wind TE Holdco, which owns a portfolio of 12 wind facilities totaling 814 net MW, which was acquired by Yield Operating LLC from NRG on November 3, 2015
NOx
Nitrogen Oxide
NPNS
Normal Purchases and Normal Sales
NRG
NRG Energy, Inc.
NRG Wind TE Holdco
NRG Wind TE Holdco LLC
NSPS
New Source Performance Standards
OCI / OCL
Other comprehensive income / loss
OSHA
Occupational Safety and Health Administration
PG&E
Pacific Gas & Electric Company
Pinnacle
Pinnacle Wind, LLC, the operating subsidiary of Tapestry Wind LLC, which owns the Pinnacle project
PJM
PJM Interconnection, LLC
PPA
Power Purchase Agreement
PTC
Production Tax Credit
PUCT
Public Utility Commission of Texas
PUHCA
Public Utility Holding Company Act of 2005
PURPA
Public Utility Regulatory Policies Act of 1978
QF
Qualifying Facility under PURPA
Recapitalization
The adoption of the Company's Second Amended and Restated Certificate of Incorporation which authorized two new classes of common stock, Class C common stock and Class D common stock, and distributed shares of such new classes of common stock to holders of the Company’s outstanding Class A common stock and Class B common stock, respectively, through a stock split on May 14, 2015
ROFO Agreement
Amended and Restated Right of First Offer Agreement between Yield, Inc. and NRG
RPM
Reliability Pricing Model
RPS
Renewable Portfolio Standards
RPV Holdco
NRG RPV Holdco 1 LLC
RTO
Regional Transmission Organization
SCE
Southern California Edison