NRG Energy, Inc. Summary of Director Compensation

Summary

This document outlines the compensation structure for nonmanagement directors of NRG Energy, Inc. Nonmanagement directors receive a mix of cash and deferred stock units, with total annual compensation set at $110,000, except for the nonexecutive Chairman who receives $270,000. Additional payments are made for Audit Committee service and special committee work. The President and CEO does not receive extra compensation for board service. In 2004, extra compensation was provided for increased committee meetings and special transactions.

EX-10.30 9 c92903exv10w30.htm SUMMARY OF DIRECTOR COMPENSATION exv10w30

Exhibit 10.30

NRG ENERGY, INC.

SUMMARY OF DIRECTOR COMPENSATION

Annual Retainers

	•	Nonmanagement directors receive 60 percent of their compensation in the form of cash and the remaining 40 percent in the form of vested but deferred stock units.

	•	Nonmanagement directors other than the nonexecutive Chairman receive total annual compensation of $110,000.

	•	The nonexecutive Chairman receives $270,000 in annual compensation.

	•	Members of the Audit Committee receive an additional $5,000 per year and the Chair of the Audit Committee receives an additional $50,000 per year.

	•	The President and Chief Executive Officer does not receive separate compensation for Board service.

	•	Additional compensation may be paid for service on special committees or under other exceptional circumstances.

Additional Compensation in 2004

	•	In 2004, the Audit Committee members received an additional $10,000 for the extraordinary number (19) of meetings held in 2004.

	•	Directors who served on the Special Committee formed in connection with a transaction in early 2004 were each paid an additional $20,000 for their services on that committee.

	•	Directors who served on a Special Committee formed in connection with the sale of shares by MatlinPatterson Global Opportunities Partners L.P. and one of its affiliates to NRG were each paid an additional $5,000.