Pay vs Performance Disclosure | 12 Months Ended |
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) |
Pay vs Performance Disclosure [Table] | | | |
Pay vs Performance [Table Text Block] | PAY VERSUS PERFORMANCE In accordance with SEC disclosure rules, the following table sets forth information regarding the Company’s performance and executive compensation for our NEOs for the fiscal years listed below: Summary (2) Compensation (3) Average (2) Average (3) Value of Initial Fixed $100 (4) Year (1) Total Peer Group Net Income CAFD (5) 2022 3,348,224 2,612,184 1,016,878 187,491 181.30 122.25 1,060 326 2021 3,092,509 5,238,269 1,066,691 1,603,696 196.83 121.46 51 336 2020 3,248,568 8,010,421 859,642 1,413,200 167.04 102.72 25 295 (1) Christopher Sotos was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below. 2020 2021 2022 Chad Plotkin Chad Plotkin Chad Plotkin Kevin Malcarney Kevin Malcarney Kevin Malcarney Mary-Lee Stillwell Sarah Rubenstein (2) Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Mr. Sotos and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for the Company’s other NEOs for the applicable year. (3) The amounts shown for “Compensation Actually Paid” have been calculated in accordance with Item 402(v) of Regulation S-K for the applicable year and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments made as described under the “Reconciliation of CAP Adjustments” section below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table. (4) The Peer Group TSR set forth in this table utilizes the Philadelphia Utility Sector Index (“UTY”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2022. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company’s Class C common stock and in the UTY, respectively. Historical stock performance is not necessarily indicative of future stock performance. (5) As noted in the CD&A, the Compensation Committee selected CAFD as one of the key metrics for evaluating and rewarding management’s performance in the 2022 annual incentive compensation program. CAFD is a non-GAAP measure that is defined in the CD&A under the heading “2022 AIP Bonus Performance Criteria.” Given the importance of CAFD, as discussed further above (i.e., CAFD has a 40% weighting in the AIP scorecard), the Company has determined, in the Company’s assessment, that CAFD represents the most important financial performance measure (that is not otherwise required to be disclosed in the above table) used by the Company to link Compensation Actually Paid to the NEOs for 2022. CAFD may not have been the most important financial performance measure for year 2021 or 2020, and the Compensation Committee may determine a different financial performance measure to be the most important financial performance measure in future years. Reconciliation of CAP Adjustments Year Summary Exclusion of Inclusion of Compensation 2022 3,348,224 (1,951,273 ) 1,215,233 2,612,184 2021 3,092,509 (1,535,147 ) 3,680,907 5,238,269 2020 3,248,568 (1,900,423 ) 6,662,276 8,010,421 Year Average Average Average Average 2022 1,016,878 (495,604 ) (333,784 ) 187,491 2021 1,066,691 (387,666 ) 924,671 1,603,696 2020 859,642 (383,279 ) 936,837 1,413,200 The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables: Year Year-End Change in Fair Value Change in Fair Value Total – 2022 1,813,621 (573,611 ) 0 (24,417 ) 0 1,215,233 2021 2,315,802 1,392,774 0 (27,670 ) 0 3,680,907 2020 3,604,128 3,089,280 0 (31,132 ) 0 6,662,276 Year Average Average Average Average Average (1) Total – 2022 261,472 (49,476 ) 0 (6,922 ) (538,859 ) (333,784 ) 2021 584,801 346,581 0 (6,711 ) 0 924,671 2020 582,811 436,026 0 (2,239 ) (79,762 ) 936,837 (1) These averages result from award forfeitures following Mr. Plotkin’s and Ms. Stillwell’s resignations in 2022 and 2020, respectively. | | |
Company Selected Measure Name | CAFD | | |
Named Executive Officers, Footnote [Text Block] | (1) Christopher Sotos was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below. 2020 2021 2022 Chad Plotkin Chad Plotkin Chad Plotkin Kevin Malcarney Kevin Malcarney Kevin Malcarney Mary-Lee Stillwell Sarah Rubenstein | | |
Peer Group Issuers, Footnote [Text Block] | (4) The Peer Group TSR set forth in this table utilizes the Philadelphia Utility Sector Index (“UTY”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2022. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company’s Class C common stock and in the UTY, respectively. Historical stock performance is not necessarily indicative of future stock performance. | | |
PEO Total Compensation Amount | $ 3,348,224 | $ 3,092,509 | $ 3,248,568 |
PEO Actually Paid Compensation Amount | $ 2,612,184 | 5,238,269 | 8,010,421 |
Adjustment To PEO Compensation, Footnote [Text Block] | Reconciliation of CAP Adjustments Year Summary Exclusion of Inclusion of Compensation 2022 3,348,224 (1,951,273 ) 1,215,233 2,612,184 2021 3,092,509 (1,535,147 ) 3,680,907 5,238,269 2020 3,248,568 (1,900,423 ) 6,662,276 8,010,421 Year Average Average Average Average 2022 1,016,878 (495,604 ) (333,784 ) 187,491 2021 1,066,691 (387,666 ) 924,671 1,603,696 2020 859,642 (383,279 ) 936,837 1,413,200 The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables: Year Year-End Change in Fair Value Change in Fair Value Total – 2022 1,813,621 (573,611 ) 0 (24,417 ) 0 1,215,233 2021 2,315,802 1,392,774 0 (27,670 ) 0 3,680,907 2020 3,604,128 3,089,280 0 (31,132 ) 0 6,662,276 Year Average Average Average Average Average (1) Total – 2022 261,472 (49,476 ) 0 (6,922 ) (538,859 ) (333,784 ) 2021 584,801 346,581 0 (6,711 ) 0 924,671 2020 582,811 436,026 0 (2,239 ) (79,762 ) 936,837 (1) These averages result from award forfeitures following Mr. Plotkin’s and Ms. Stillwell’s resignations in 2022 and 2020, respectively. | | |
Non-PEO NEO Average Total Compensation Amount | $ 1,016,878 | 1,066,691 | 859,642 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 187,491 | 1,603,696 | 1,413,200 |
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | Reconciliation of CAP Adjustments Year Summary Exclusion of Inclusion of Compensation 2022 3,348,224 (1,951,273 ) 1,215,233 2,612,184 2021 3,092,509 (1,535,147 ) 3,680,907 5,238,269 2020 3,248,568 (1,900,423 ) 6,662,276 8,010,421 Year Average Average Average Average 2022 1,016,878 (495,604 ) (333,784 ) 187,491 2021 1,066,691 (387,666 ) 924,671 1,603,696 2020 859,642 (383,279 ) 936,837 1,413,200 The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables: Year Year-End Change in Fair Value Change in Fair Value Total – 2022 1,813,621 (573,611 ) 0 (24,417 ) 0 1,215,233 2021 2,315,802 1,392,774 0 (27,670 ) 0 3,680,907 2020 3,604,128 3,089,280 0 (31,132 ) 0 6,662,276 Year Average Average Average Average Average (1) Total – 2022 261,472 (49,476 ) 0 (6,922 ) (538,859 ) (333,784 ) 2021 584,801 346,581 0 (6,711 ) 0 924,671 2020 582,811 436,026 0 (2,239 ) (79,762 ) 936,837 (1) These averages result from award forfeitures following Mr. Plotkin’s and Ms. Stillwell’s resignations in 2022 and 2020, respectively. | | |
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | Description of Relationship Between PEO and Other NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”) The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs, and the Company’s Class C common stock cumulative TSR over the three most recently completed fiscal years. | | |
Compensation Actually Paid vs. Net Income [Text Block] | Description of Relationship Between PEO and Other NEO Compensation Actually Paid and Net Income The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs, and our Net Income during the three most recently completed fiscal years. | | |
Compensation Actually Paid vs. Company Selected Measure [Text Block] | Description of Relationship Between PEO and Other NEO Compensation Actually Paid and CAFD The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs, and our CAFD during the three most recently completed fiscal years. | | |
Total Shareholder Return Vs Peer Group [Text Block] | Description of Relationship Between Company TSR and Peer Group TSR The following chart compares our Class C common stock cumulative TSR over the three most recently completed fiscal years to that of the Philadelphia Utility Sector Index over the same period. | | |
Tabular List [Table Text Block] | TABULAR LIST OF MOST IMPORTANT FINANCIAL PERFORMANCE MEASURES The following is a list of financial performance measures, which in our assessment represent the most important financial performance measures used by the Company to link Compensation Actually Paid to the NEOs for 2022. The measures in this table are not ranked. In addition to these metrics, the Company’s AIP includes key performance milestones relating to ESG matters, adherence to budget, ratio of administrative costs to CAFD, and natural gas strategic plan and execution in order to emphasize those initiatives as priorities throughout the organization. Please see the CD&A for a further description of the metrics used in the Company’s executive compensation program. • CAFD • Relative TSR • CAFD Per Share | | |
Total Shareholder Return Amount | $ 181.3 | 196.83 | 167.04 |
Peer Group Total Shareholder Return Amount | 122.25 | 121.46 | 102.72 |
Net Income (Loss) | $ 1,060,000,000 | $ 51,000,000 | $ 25,000,000 |
Company Selected Measure Amount | 326,000,000 | 336,000,000 | 295,000,000 |
PEO Name | Christopher Sotos | | |
Additional 402(v) Disclosure [Text Block] | (3) The amounts shown for “Compensation Actually Paid” have been calculated in accordance with Item 402(v) of Regulation S-K for the applicable year and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments made as described under the “Reconciliation of CAP Adjustments” section below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table. | | |
Percentage of Weightage of CAFD in AIP Scorecard | 40% | | |
Measure [Axis]: 1 | | | |
Pay vs Performance Disclosure [Table] | | | |
Measure Name | CAFD | | |
Non-GAAP Measure Description [Text Block] | (5) As noted in the CD&A, the Compensation Committee selected CAFD as one of the key metrics for evaluating and rewarding management’s performance in the 2022 annual incentive compensation program. CAFD is a non-GAAP measure that is defined in the CD&A under the heading “2022 AIP Bonus Performance Criteria.” Given the importance of CAFD, as discussed further above (i.e., CAFD has a 40% weighting in the AIP scorecard), the Company has determined, in the Company’s assessment, that CAFD represents the most important financial performance measure (that is not otherwise required to be disclosed in the above table) used by the Company to link Compensation Actually Paid to the NEOs for 2022. CAFD may not have been the most important financial performance measure for year 2021 or 2020, and the Compensation Committee may determine a different financial performance measure to be the most important financial performance measure in future years. | | |
Measure [Axis]: 2 | | | |
Pay vs Performance Disclosure [Table] | | | |
Measure Name | Relative TSR | | |
Measure [Axis]: 3 | | | |
Pay vs Performance Disclosure [Table] | | | |
Measure Name | CAFD Per Share | | |
PEO [Member] | Stock Awards [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | $ 1,951,273 | $ 1,535,147 | $ 1,900,423 |
PEO [Member] | Equity Values [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | 1,215,233 | 3,680,907 | 6,662,276 |
PEO [Member] | Year-End Fair Value of Equity Awards Granted During Year that Remained Unvested as of Last Day of Year [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | 1,813,621 | 2,315,802 | 3,604,128 |
PEO [Member] | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Equity Awards Granted During any Prior Year that Remained Unvested as of Last Day of Year [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | (573,611) | 1,392,774 | 3,089,280 |
PEO [Member] | Fair Value as of Vesting Date of Equity Awards Granted and Vested During Year [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | 0 | 0 | 0 |
PEO [Member] | Change in Fair Value from Last Day of Prior Year to Vesting Date of Equity Awards Granted During any Prior Year that Vested During Year [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | (24,417) | (27,670) | (31,132) |
PEO [Member] | Fair Value at Last Day of Prior Year of Equity Awards Granted During any Prior Year that Forfeited During Year [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | 0 | 0 | 0 |
Non-PEO NEO [Member] | Average Stock Awards [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | 495,604 | 387,666 | 383,279 |
Non-PEO NEO [Member] | Average Equity Values [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | (333,784) | 924,671 | 936,837 |
Non-PEO NEO [Member] | Average Year-End Fair Value of Equity Awards Granted During Year that Remained Unvested as of Last Day of Year [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | 261,472 | 584,801 | 582,811 |
Non-PEO NEO [Member] | Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Equity Awards Granted During any Prior Year that Remain Unvested as of Last Day of Year [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | (49,476) | 346,581 | 436,026 |
Non-PEO NEO [Member] | Average Fair Value as of Vesting Date of Equity Awards Granted and Vested During Year [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | 0 | 0 | 0 |
Non-PEO NEO [Member] | Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Equity Awards Granted During any Prior Year that Vested During Year [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | (6,922) | (6,711) | (2,239) |
Non-PEO NEO [Member] | Average Fair Value at Last Day of Prior Year of Equity Awards Granted During any Prior Year that Forfeited During Year [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | $ (538,859) | $ 0 | $ (79,762) |