Form 11-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(Mark One)
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þ |
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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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o |
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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. Union 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. UNION SAVINGS PLAN
TABLE OF CONTENTS
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NOTE: |
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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. Union Savings Plan:
We have audited the accompanying statements of net assets available for benefits of the RRI Energy,
Inc. Union 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. UNION 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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$ |
106,756,263 |
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$ |
84,704,259 |
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Contributions Receivable-Employer |
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190,944 |
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248,430 |
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NET ASSETS AVAILABLE FOR BENEFITS AT FAIR VALUE |
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106,947,207 |
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84,952,689 |
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Adjustment from fair value to contract
value for fully benefit-responsive
investment contracts |
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(409,469 |
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286,714 |
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NET ASSETS AVAILABLE FOR BENEFITS |
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$ |
106,537,738 |
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$ |
85,239,403 |
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See notes to financial statements.
- 2 -
RRI ENERGY, INC. UNION 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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$ |
3,837,655 |
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Participant |
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7,314,510 |
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Total contributions |
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11,152,165 |
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Gain on Investments: |
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Interest |
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767,504 |
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Dividends |
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1,532,346 |
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Net appreciation in fair value of investments |
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15,062,905 |
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Total gain on investments |
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17,362,755 |
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Other Income |
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5,825 |
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Total additions |
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28,520,745 |
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DEDUCTIONS: |
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Benefits paid to participants |
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7,033,931 |
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Administrative expenses |
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53,995 |
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Assets transferred out, net |
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134,484 |
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Total deductions |
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7,222,410 |
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NET INCREASE |
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21,298,335 |
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NET ASSETS AVAILABLE FOR BENEFITS: |
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BEGINNING OF YEAR |
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85,239,403 |
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NET ASSETS AVAILABLE FOR BENEFITS: |
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END OF YEAR |
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$ |
106,537,738 |
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See notes to financial statements.
- 3 -
RRI ENERGY, INC. UNION SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
1. |
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DESCRIPTION OF THE PLAN |
General - The RRI Energy, Inc. Union Savings Plan (the Plan) is a defined contribution plan
sponsored by RRI Energy, Inc. covering substantially all of the eligible bargaining unit
employees of RRI Energy, Inc. or a subsidiary or an affiliate of RRI Energy, Inc.
(collectively, the Company) that has adopted the Plan, and whose employment is covered by a
collective bargaining agreement that provides for participation in 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).
Eligibility - Under the provisions of the Plan, represented employees are eligible to
participate in the Plan if provided in the terms of their respective collective bargaining
agreements. Represented employees who participate or who are eligible to participate in the
Plan immediately preceding January 1, 2006, continue to participate or be eligible to
participate in the Plan on or after January 1, 2006. From and after January 1, 2006, except as
specified in the participants respective collective bargaining agreement, each eligible
employee who is not a participant and who began service with the Company on or after January 1,
2006, was initially eligible to participate in the Plan as soon as practicable following the
later of January 1, 2006 or the date the employee first began service with the Company. Any
participant who terminates service and subsequently recommences service with the Company will
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 participant who was a
grandfathered employee of a specific bargaining unit, as defined in the plan document, prior to
such termination of service, will not be a grandfathered employee on or after such
re-employment date.
Contributions - Participants may elect to contribute a percentage of their compensation on a
pre-tax and/or after-tax basis as permitted under the terms of their respective collective
bargaining agreements, and/or up to the Internal Revenue Code (the Code) section 401(a) (17)
limit. The annual eligible compensation limit was $245,000 and $230,000 for 2009 and 2008,
respectively. 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 Code.
The Plan adopted a qualified Roth contribution program for certain represented employees. Under
this program, participants may elect to treat all or a portion of compensation 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. The Company makes matching contributions in accordance with the terms of
the participants respective collective bargaining agreement. Some collective bargaining
agreements provide for a Company contribution each pay period and an annual discretionary
profit-sharing Company contribution. At December 31, 2009 and 2008, the Plan had an annual
discretionary profit-sharing Company contributions receivable of $190,944 and $248,430,
respectively. Plan participants who are eligible for the payroll profit-sharing and annual
discretionary profit-sharing Company contributions do not have to contribute to the Plan to
receive the
Company contribution. Eligible compensation for the purpose of annual discretionary
profit-sharing contributions includes compensation earned while participating in another
qualified plan sponsored by the Company.
- 4 -
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, Company matching
contributions (if any) and Company payroll profit-sharing and annual discretionary
profit-sharing contributions (if any) into various investment options offered by the Plan. The
Companys annual discretionary profit-sharing contribution, if applicable, may be made in cash
or Company stock. If the contribution is made in Company stock, participants can transfer this
contribution to any available investment option.
Vesting - Participants are fully vested in their contributions as of their participation date.
Participants vest in Company contributions according to their respective collective bargaining
agreements.
Participant Loans - Participants may borrow from their fund accounts up to a maximum of $50,000
or 50% of their vested 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 service, 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
$21,236 and $66,953, 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 $50,000 from the utilization of forfeited nonvested accounts.
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.
- 5 -
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
($409,469) and $286,714, 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.
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.
- 6 -
3. |
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ASSETS TRANSFERRED FROM THE PLAN |
During 2009, assets of approximately $134,000 transferred out of the Plan as a result of net
plan-to-plan transfers of participant account balances to the RRI Energy, Inc. Savings Plan.
Plan assets are held at Vanguard Fiduciary Trust Company (the Trustee). The following
presents investments that represent 5% or more of the Plans net assets:
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December 31, |
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2009 |
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2008 |
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Mutual Funds: |
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Neuberger Berman Genesis Trust |
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$ |
7,238,558 |
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$ |
5,940,921 |
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Vanguard 500 Index Fund Investor Shares |
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10,426,402 |
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7,985,887 |
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Vanguard Total Bond Market Index Fund Investor Shares |
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5,468,172 |
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5,194,359 |
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Common/Collective Trust Fund: |
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Vanguard Retirement Savings Trust * |
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18,531,498 |
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22,218,027 |
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Common Stock Fund: |
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RRI Energy Common Stock Fund |
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5,491,644 |
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4,660,034 |
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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. |
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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$ |
14,721,165 |
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Common stocks |
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341,740 |
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$ |
15,062,905 |
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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.
- 7 -
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.
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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$ |
10,159,742 |
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$ |
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$ |
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$ |
10,159,742 |
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Balanced funds |
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18,518,578 |
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18,518,578 |
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Domestic equity funds |
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38,924,875 |
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38,924,875 |
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International equity funds |
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11,984,501 |
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11,984,501 |
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Money market fund |
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21,235 |
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21,235 |
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Common/collective trust fund |
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18,940,967 |
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18,940,967 |
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Common stock funds |
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5,905,986 |
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5,905,986 |
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Participant loans |
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2,300,379 |
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2,300,379 |
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Total |
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$ |
85,514,917 |
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$ |
18,940,967 |
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$ |
2,300,379 |
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$ |
106,756,263 |
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- 8 -
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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Bond funds |
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$ |
8,921,338 |
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$ |
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|
$ |
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|
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$ |
8,921,338 |
|
Balanced funds |
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|
10,681,382 |
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|
|
|
|
|
|
|
|
|
|
10,681,382 |
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Domestic equity funds |
|
|
28,326,089 |
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|
|
|
|
|
|
|
|
|
|
28,326,089 |
|
International equity funds |
|
|
7,512,691 |
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|
|
|
|
|
|
|
|
|
|
7,512,691 |
|
Common/collective trust fund |
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|
|
|
|
|
21,931,313 |
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|
|
|
|
|
|
21,931,313 |
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Common stock funds |
|
|
5,084,311 |
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|
|
|
|
|
|
|
|
|
|
5,084,311 |
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Participant loans |
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|
|
|
|
|
|
|
|
|
2,247,135 |
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|
|
2,247,135 |
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Total |
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$ |
60,525,811 |
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|
$ |
21,931,313 |
|
|
$ |
2,247,135 |
|
|
$ |
84,704,259 |
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Changes in the fair value of the Plans Level 3 investments during the year ended December 31,
2009 were as follows:
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Participant |
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loans |
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Beginning balance |
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$ |
2,247,135 |
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Issuances and settlements (net) |
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|
53,244 |
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|
|
|
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Ending balance |
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$ |
2,300,379 |
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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 become 100% vested
in their accounts.
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 -
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 |
|
$ |
106,537,738 |
|
Adjustment from contract value to fair value for fully benefit-responsive
investment contracts |
|
|
409,469 |
|
|
|
|
|
Net Assets Available for Benefits per Form 5500 |
|
$ |
106,947,207 |
|
|
|
|
|
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 |
|
$ |
21,298,335 |
|
Adjustment from contract value to fair value for fully benefit-responsive
investment contracts |
|
|
409,469 |
|
|
|
|
|
Increase in Net Assets Available for Benefits per Form 5500 |
|
$ |
21,707,804 |
|
|
|
|
|
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.
Effective July 1, 2010, the Plan will be amended to provide 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.
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. UNION SAVINGS PLAN
Schedule H, Line 4(i) Schedule of Assets (Held at End of Year)
As of December 31, 2009
EIN 76-0655566
PLAN 002
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 |
) |
|
$ |
5,187,275 |
|
|
|
American Funds: Growth Fund Of America
Class A |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
956,970 |
|
|
|
American Funds: New Perspective Fund
Class A |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
3,063,830 |
|
|
|
Artisan International Fund, Investor Class |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
1,015,686 |
|
|
|
Davis New York Venture Fund, Inc.
Class A Shares |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
395,040 |
|
|
|
Dodge & Cox Balanced Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
2,604,915 |
|
|
|
Neuberger Berman Genesis Trust |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
7,238,558 |
|
|
|
PIMCO Total Return Fund Administrative
Class |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
4,474,302 |
|
|
|
T. Rowe Price Equity Income Fund
Advisor Class |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
393,994 |
|
|
|
T. Rowe Small-Cap Stock Fund Advisor
Class |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
1,978,155 |
|
|
|
Turner Small Cap Growth Fund Class I
Shares |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
2,863,167 |
|
* |
|
Vanguard 500 Index Fund Investor Shares |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
10,426,402 |
|
* |
|
Vanguard Capital Opportunity Fund
Investor Shares |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
2,362,254 |
|
* |
|
Vanguard Dividend Growth Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
3,409,170 |
|
* |
|
Vanguard Growth Equity Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
3,047,717 |
|
* |
|
Vanguard Inflation-Protected Securities
Fund Investor Shares |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
217,268 |
|
* |
|
Vanguard PRIMECAP Fund Investor Shares |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
1,026,461 |
|
* |
|
Vanguard Prime Money Market Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
21,236 |
|
* |
|
Vanguard Target Retirement 2005 Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
252,005 |
|
* |
|
Vanguard Target Retirement 2010 Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
623,386 |
|
* |
|
Vanguard Target Retirement 2015 Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
3,591,792 |
|
* |
|
Vanguard Target Retirement 2020 Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
1,128,546 |
|
- 11 -
RRI ENERGY, INC. UNION 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 002
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 2025 Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
4,548,421 |
|
* |
|
Vanguard Target Retirement 2030 Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
703,225 |
|
* |
|
Vanguard Target Retirement 2035 Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
2,300,405 |
|
* |
|
Vanguard Target Retirement 2040 Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
981,983 |
|
* |
|
Vanguard Target Retirement 2045 Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
1,245,374 |
|
* |
|
Vanguard Target Retirement 2050 Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
344,031 |
|
* |
|
Vanguard Target Retirement Income Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
194,496 |
|
* |
|
Vanguard Total Bond Market Index Fund
Investor Shares |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
5,468,172 |
|
* |
|
Vanguard Total International Stock Index
Fund |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
2,717,709 |
|
* |
|
Vanguard Total Stock Market Index Fund
Investor Shares |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
2,403,847 |
|
* |
|
Vanguard Windsor II Fund Investor Shares |
|
Registered Investment Company |
|
|
(1 |
) |
|
|
2,423,139 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common/Collective Trust Fund: |
|
|
|
|
|
|
|
|
|
|
* |
|
Vanguard Retirement Savings Trust |
|
Common/Collective Trust |
|
|
(1 |
) |
|
|
18,940,967 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock Funds: |
|
|
|
|
|
|
|
|
|
|
|
|
CenterPoint Energy Stock Fund |
|
Company Stock Fund |
|
|
(1 |
) |
|
|
414,342 |
|
* |
|
RRI Energy Common Stock Fund |
|
Company Stock Fund |
|
|
(1 |
) |
|
|
5,491,644 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
|
Participant Loans |
|
Interest rates between 4.25% 9.25% |
|
|
$ 0 |
|
|
|
2,300,379 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets held for investment purposes |
|
|
|
|
|
|
|
$ |
106,756,263 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
|
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. UNION SAVINGS PLAN
|
|
|
By: |
/s/ DAVID FREYSINGER
|
|
|
|
David Freysinger, Chairman of the Benefits |
|
|
|
Committee of RRI Energy, Inc., Plan
Administrator |
|
June 25, 2010
- 13 -