Clearway Energy (CWEN.A) 10-Q 1 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Jul. 29, 2024
Class of Stock [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-36002
Entity Registrant Name	Clearway Energy, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-1777204
Entity Address, Address Line One	300 Carnegie Center, Suite 300
Entity Address, City or Town	Princeton
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08540
City Area Code	609
Local Phone Number	608-1525
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001567683
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Common Class A
Class of Stock [Line Items]
Title of 12(b) Security	Class A Common Stock, par value $0.01
Trading Symbol	CWEN.A
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding (in shares)		34,613,853
Common Class B
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		42,738,750
Common Class C
Class of Stock [Line Items]
Title of 12(b) Security	Class C Common Stock, par value $0.01
Trading Symbol	CWEN
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding (in shares)		82,829,344
Common Class D
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		41,961,750

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Operating Revenues
Total operating revenues	$ 366	$ 406	$ 629	$ 694
Operating Costs and Expenses
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	117	118	243	226
Depreciation, amortization and accretion	153	128	307	256
General and administrative	9	9	20	19
Transaction and integration costs	3	2	4	2
Total operating costs and expenses	282	257	574	503
Operating Income	84	149	55	191
Other Income (Expense)
Equity in earnings of unconsolidated affiliates	8	3	20	0
Other income, net	12	9	28	17
Loss on debt extinguishment	(2)	0	(3)	0
Interest expense	(88)	(55)	(145)	(154)
Total other expense, net	(70)	(43)	(100)	(137)
Income (Loss) Before Income Taxes	14	106	(45)	54
Income tax expense (benefit)	10	22	(3)	10
Net Income (Loss)	4	84	(42)	44
Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests	(47)	46	(91)	6
Net Income Attributable to Clearway Energy, Inc.	51	38	49	38
Common Class A
Other Income (Expense)
Net Income Attributable to Clearway Energy, Inc.	$ 15	$ 11	$ 14	$ 11
Earnings Per Share Attributable to Clearway Energy, Inc. Class A and Class C Common Stockholders
Weighted average number of common shares outstanding - basic (in shares)	35	35	35	35
Weighted average number of common shares outstanding - diluted (in shares)	35	35	35	35
Earnings per weighted average common share — basic (in dollars per share)	$ 0.43	$ 0.33	$ 0.41	$ 0.32
Earnings per weighted average common share — diluted (in dollars per share)	0.43	0.33	0.41	0.32
Dividends per common share (in usd per share)	$ 0.4102	$ 0.3818	$ 0.8135	$ 0.7563
Common Class C
Other Income (Expense)
Net Income Attributable to Clearway Energy, Inc.	$ 36	$ 27	$ 35	$ 27
Earnings Per Share Attributable to Clearway Energy, Inc. Class A and Class C Common Stockholders
Weighted average number of common shares outstanding - basic (in shares)	82	82	82	82
Weighted average number of common shares outstanding - diluted (in shares)	82	82	82	82
Earnings per weighted average common share — basic (in dollars per share)	$ 0.43	$ 0.33	$ 0.41	$ 0.32
Earnings per weighted average common share — diluted (in dollars per share)	0.43	0.33	0.41	0.32
Dividends per common share (in usd per share)	$ 0.4102	$ 0.3818	$ 0.8135	$ 0.7563

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ 4	$ 84	$ (42)	$ 44
Other Comprehensive Income
Unrealized gain on derivatives and changes in accumulated OCI, net of income tax benefit, of $—, $1, $—, and $—	1	3	0	0
Other comprehensive income	1	3	0	0
Comprehensive Income (Loss)	5	87	(42)	44
Less: Comprehensive (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests	(46)	48	(89)	6
Comprehensive Income Attributable to Clearway Energy, Inc.	$ 51	$ 39	$ 47	$ 38

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Unrealized loss on derivatives, income tax expense	$ 0	$ 1	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 226	$ 535
Restricted cash	344	516
Inventory	60	55
Derivative instruments	51	41
Prepayments and other current assets	84	68
Total current assets	1,021	1,560
Property, plant and equipment, net	9,952	9,526
Other Assets
Equity investments in affiliates	321	360
Intangible assets for power purchase agreements, net	2,214	2,303
Other intangible assets, net	71	71
Derivative instruments	117	82
Right-of-use assets, net	597	597
Other non-current assets	224	202
Total other assets	3,544	3,615
Total Assets	14,517	14,701
Current Liabilities
Current portion of long-term debt	412	558
Derivative instruments	59	51
Accrued interest expense	55	57
Accrued expenses and other current liabilities	77	79
Total current liabilities	701	906
Other Liabilities
Long-term debt	6,797	7,479
Deferred income taxes	35	127
Derivative instruments	336	281
Long-term lease liabilities	626	627
Other non-current liabilities	305	286
Total other liabilities	8,099	8,800
Total Liabilities	8,800	9,706
Redeemable noncontrolling interest in subsidiaries	6	1
Commitments and Contingencies
Stockholders’ Equity
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued	0	0
Class A, Class B, Class C and Class D common stock, $0.01 par value; 3,000,000,000 shares authorized (Class A 500,000,000, Class B 500,000,000, Class C 1,000,000,000, Class D 1,000,000,000); 202,143,697 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,829,344, Class D 41,961,750) at June 30, 2024 and 202,080,794 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,391,441, Class D 42,336,750) at December 31, 2023	1	1
Additional paid-in capital	1,830	1,732
Retained earnings	314	361
Accumulated other comprehensive income	5	7
Noncontrolling interest	3,561	2,893
Total Stockholders’ Equity	5,711	4,994
Total Liabilities and Stockholders’ Equity	14,517	14,701
Nonrelated Party
Current Assets
Accounts receivable — trade	255	171
Current Liabilities
Accounts payable — trade	86	130
Affiliated Entity
Current Assets
Accounts receivable — trade	1	0
Note receivable — affiliate	0	174
Current Liabilities
Accounts payable — affiliates	$ 12	$ 31

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Par value - preferred stock (in usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	10,000,000	10,000,000
Preferred stock issued (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	3,000,000,000	3,000,000,000
Common stock issued (in shares)	202,143,697	202,080,794
Common stock outstanding (in shares)	202,143,697	202,080,794
Common Class A
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	500,000,000	500,000,000
Common stock issued (in shares)	34,613,853	34,613,853
Common stock outstanding (in shares)	34,613,853	34,613,853
Common Class B
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	500,000,000	500,000,000
Common stock issued (in shares)	42,738,750	42,738,750
Common stock outstanding (in shares)	42,738,750	42,738,750
Common Class C
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock issued (in shares)	82,829,344	82,391,441
Common stock outstanding (in shares)	82,829,344	82,391,441
Common Class D
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock issued (in shares)	41,961,750	42,336,750
Common stock outstanding (in shares)	41,961,750	42,336,750

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities
Net (Loss) Income	$ (42)	$ 44
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Equity in earnings of unconsolidated affiliates	(20)	0
Distributions from unconsolidated affiliates	15	11
Depreciation, amortization and accretion	307	256
Amortization of financing costs and debt discounts	7	6
Amortization of intangibles	91	94
Loss on debt extinguishment	3	0
Reduction in carrying amount of right-of-use assets	8	8
Changes in deferred income taxes	(1)	9
Changes in derivative instruments and amortization of accumulated OCI	49	(51)
Cash used in changes in other working capital:
Changes in prepaid and accrued liabilities for tolling agreements	(16)	(56)
Changes in other working capital	(124)	(112)
Net Cash Provided by Operating Activities	277	209
Cash Flows from Investing Activities
Acquisition of Drop Down Assets, net of cash acquired	(671)	(7)
Capital expenditures	(202)	(109)
Return of investment from unconsolidated affiliates	35	10
Decrease in note receivable — affiliate	184	0
Investments in unconsolidated affiliates	0	(10)
Other	7	0
Net Cash Used in Investing Activities	(647)	(116)
Cash Flows from Financing Activities
Contributions from noncontrolling interests, net of distributions	1,399	275
Payments of dividends and distributions	(164)	(153)
Tax-related distributions	0	(19)
Proceeds from the issuance of long-term debt	236	42
Payments of debt issuance costs	(4)	(8)
Payments for long-term debt	(1,577)	(306)
Other	(1)	(2)
Net Cash Used in Financing Activities	(111)	(171)
Net Decrease in Cash, Cash Equivalents and Restricted Cash	(481)	(78)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	1,051	996
Cash, Cash Equivalents and Restricted Cash at End of Period	$ 570	$ 918

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Millions	Total	CEG	Tax Equity Investors	Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Retained Earnings CEG	Accumulated Other Comprehensive Income	Noncontrolling Interest	Noncontrolling Interest CEG	Noncontrolling Interest Tax Equity Investors
Balance at beginning of period at Dec. 31, 2022	$ 4,026			$ 0	$ 1	$ 1,761	$ 463		$ 9	$ 1,792
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(43)						0			(43)
Unrealized (loss) gain on derivatives and changes in accumulated OCI, net of tax	(3)								(1)	(2)
Contributions, net		$ 30	$ 215								$ 30	$ 215
Transfers of assets under common control	(6)					(52)				46
Non-cash adjustments for change in tax basis	9					9
Stock-based compensation	1					1
Common stock dividends and distributions to CEG unit holders		(76)						$ (44)			(32)
Balance at end of period at Mar. 31, 2023	4,153			0	1	1,719	419		8	2,006
Balance at beginning of period at Dec. 31, 2022	4,026			0	1	1,761	463		9	1,792
Balance at end of period at Jun. 30, 2023	4,127			0	1	1,718	412		9	1,987
Balance at beginning of period at Mar. 31, 2023	4,153			0	1	1,719	419		8	2,006
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	78						38			40
Unrealized (loss) gain on derivatives and changes in accumulated OCI, net of tax	3								1	2
Distributions to CEG, net of contributions, cash		(4)									(4)
Distributions to noncontrolling interests, net of contributions, cash			(5)									(5)
Tax-related distributions	(19)									(19)
Stock-based compensation	(1)					(1)
Common stock dividends and distributions to CEG unit holders		(77)						(45)			(32)
Other	(1)									(1)
Balance at end of period at Jun. 30, 2023	4,127			0	1	1,718	412		9	1,987
Balance at beginning of period at Dec. 31, 2023	4,994			0	1	1,732	361		7	2,893
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(47)						(2)			(45)
Unrealized (loss) gain on derivatives and changes in accumulated OCI, net of tax	(1)								(2)	1
Distributions to CEG, net of contributions, cash		(1)									(1)
Contributions, net			215									215
Transfers of assets under common control	(40)					2				(42)
Non-cash adjustments for change in tax basis	6					6
Stock-based compensation	1					1
Common stock dividends and distributions to CEG unit holders		(81)						(47)			(34)
Other	(1)						(1)
Balance at end of period at Mar. 31, 2024	5,045			0	1	1,741	311		5	2,987
Balance at beginning of period at Dec. 31, 2023	4,994			0	1	1,732	361		7	2,893
Balance at end of period at Jun. 30, 2024	5,711			0	1	1,830	314		5	3,561
Balance at beginning of period at Mar. 31, 2024	5,045			0	1	1,741	311		5	2,987
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	0						51			(51)
Unrealized (loss) gain on derivatives and changes in accumulated OCI, net of tax	1									1
Contributions, net		222	988								222	988
Distributions to noncontrolling interests, net of contributions, non-cash			$ (1)									$ (1)
Transfers of assets under common control	(544)					5				(549)
Non-cash adjustments for change in tax basis	85					85
Stock-based compensation	(1)					(1)
Common stock dividends and distributions to CEG unit holders		$ (83)						$ (48)			$ (35)
Other	(1)									(1)
Balance at end of period at Jun. 30, 2024	$ 5,711			$ 0	$ 1	$ 1,830	$ 314		$ 5	$ 3,561

Nature of Business

Nature of Business	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Nature of Business Clearway Energy, Inc., together with its consolidated subsidiaries, or the Company, is a publicly-traded energy infrastructure investor with a focus on investments in clean energy and owner of modern, sustainable and long-term contracted assets across North America. The Company is sponsored by GIP and TotalEnergies through the portfolio company, Clearway Energy Group LLC, or CEG, which is equally owned by GIP and TotalEnergies. GIP is an independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. TotalEnergies is a global multi-energy company. CEG is a leading developer of renewable energy infrastructure in the U.S. The Company is one of the largest renewable energy owners in the U.S. with approximately 6,500 net MW of installed wind, solar and battery energy storage system, or BESS, facilities. The Company’s approximately 9,000 net MW of assets also includes approximately 2,500 net MW of environmentally-sound, highly efficient natural gas-fired generation facilities. Through this environmentally-sound, diversified and primarily contracted portfolio, the Company endeavors to provide its investors with stable and growing dividend income. The majority of the Company’s revenues are derived from long-term contractual arrangements for the output or capacity from these assets. The Company consolidates the results of Clearway Energy LLC through its controlling interest, with CEG’s interest shown as noncontrolling interest in the consolidated financial statements. The holders of the Company’s outstanding shares of Class A and Class C common stock are entitled to dividends as declared. CEG receives its distributions from Clearway Energy LLC through its ownership of Clearway Energy LLC Class B and Class D units. From time to time, CEG may also hold shares of the Company’s Class A and/or Class C common stock. As of June 30, 2024, the Company owned 58.10% of the economic interests of Clearway Energy LLC, with CEG owning 41.90% of the economic interests of Clearway Energy LLC. The following table represents a summarized structure of the Company as of June 30, 2024: Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the SEC’s regulations for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The following notes should be read in conjunction with the accounting policies and other disclosures as set forth in the notes to the consolidated financial statements included in the Company’s 2023 Form 10-K. Interim results are not necessarily indicative of results for a full year. In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all material adjustments consisting of normal and recurring accruals necessary to present fairly the Company’s consolidated financial position as of June 30, 2024, and results of operations, comprehensive income and cash flows for the three and six months ended June 30, 2024 and 2023.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Use of Estimates The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amounts of net earnings during the reporting periods. Actual results could be different from these estimates. Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include highly liquid investments with an original maturity of three months or less at the time of purchase. Cash and cash equivalents held at subsidiary facilities was $191 million and $125 million as of June 30, 2024 and December 31, 2023, respectively. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows: June 30, 2024 December 31, 2023 (In millions) Cash and cash equivalents $ 226 $ 535 Restricted cash 344 516 Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 570 $ 1,051 Restricted cash consists primarily of funds held to satisfy the requirements of certain debt agreements and funds held within the Company’s facilities that are restricted in their use. As of June 30, 2024, these restricted funds were comprised of $169 million designated to fund operating expenses, $42 million designated for current debt service payments and $89 million restricted for reserves including debt service, performance obligations and other reserves as well as capital expenditures. The remaining $44 million is held in distributions reserve accounts. Supplemental Cash Flow Information The following table provides a disaggregation of the amounts classified as Acquisition of Drop Down Assets, net of cash acquired, shown in the consolidated statements of cash flows: Six months ended June 30, 2024 2023 (In millions) Cash paid to acquire Drop Down Assets $ (673) $ (21) Cash acquired from the acquisition of Drop Down Assets 2 14 Acquisition of Drop Down Assets, net of cash acquired $ (671) $ (7) Accumulated Depreciation and Accumulated Amortization The following table presents the accumulated depreciation included in property, plant and equipment, net, and accumulated amortization included in intangible assets, net: June 30, 2024 December 31, 2023 (In millions) Property, Plant and Equipment Accumulated Depreciation $ 3,781 $ 3,485 Intangible Assets Accumulated Amortization 1,101 1,009 Dividends to Class A and Class C Common Stockholders The following table lists the dividends paid on the Company's Class A and Class C common stock during the six months ended June 30, 2024: Second Quarter 2024 First Quarter 2024 Dividends per Class A share $ 0.4102 $ 0.4033 Dividends per Class C share 0.4102 0.4033 Dividends on the Class A and Class C common stock are subject to available capital, market conditions, and compliance with associated laws, regulations and other contractual obligations. The Company expects that, based on current circumstances, comparable cash dividends will continue to be paid in the foreseeable future. On August 1, 2024, the Company declared quarterly dividends on its Class A and Class C common stock of $0.4171 per share payable on September 16, 2024 to stockholders of record as of September 3, 2024. Noncontrolling Interests Clearway Energy LLC Distributions to CEG The following table lists distributions paid to CEG during the six months ended June 30, 2024 on Clearway Energy LLC’s Class B and D units: Second Quarter 2024 First Quarter 2024 Distributions per Class B Unit $ 0.4102 $ 0.4033 Distributions per Class D Unit 0.4102 0.4033 On August 1, 2024, Clearway Energy LLC declared a distribution on its Class B and Class D units of $0.4171 per unit payable on September 16, 2024 to unit holders of record as of September 3, 2024. Revenue Recognition Disaggregated Revenues The following tables represent the Company’s disaggregation of revenue from contracts with customers along with the reportable segment for each category: Three months ended June 30, 2024 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 10 $ 334 $ 344 Capacity revenue (a) 67 13 80 Other revenues 1 29 30 Contract amortization (4) (42) (46) Mark-to-market for economic hedges (5) (37) (42) Total operating revenues 69 297 366 Less: Contract amortization 4 42 46 Less: Mark-to-market for economic hedges 5 37 42 Less: Lease revenue (28) (267) (295) Total revenue from contracts with customers $ 50 $ 109 $ 159 (a) The following amounts of energy and capacity revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ — $ 258 $ 258 Capacity revenue 28 9 37 Total $ 28 $ 267 $ 295 Three months ended June 30, 2023 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 3 $ 275 $ 278 Capacity revenue (a) 96 5 101 Other revenues (a) 21 27 48 Contract amortization (5) (42) (47) Mark-to-market for economic hedges — 26 26 Total operating revenues 115 291 406 Less: Contract amortization 5 42 47 Less: Mark-to-market for economic hedges — (26) (26) Less: Lease revenue (104) (237) (341) Total revenue from contracts with customers $ 16 $ 70 $ 86 (a) The following amounts of energy, capacity and other revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 1 $ 233 $ 234 Capacity revenue 82 4 86 Other revenues (b) 21 — 21 Total $ 104 $ 237 $ 341 (b) Includes sales-type lease revenue recognized for the Marsh Landing Black Start addition that reached commercial operations on May 31, 2023. Six months ended June 30, 2024 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 32 $ 555 $ 587 Capacity revenue (a) 130 22 152 Other revenues 3 43 46 Contract amortization (9) (83) (92) Mark-to-market for economic hedges 8 (72) (64) Total operating revenue 164 465 629 Less: Contract amortization 9 83 92 Less: Mark-to-market for economic hedges (8) 72 64 Less: Lease revenue (57) (444) (501) Total revenue from contracts with customers $ 108 $ 176 $ 284 (a) The following amounts of energy and capacity revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 1 $ 427 $ 428 Capacity revenue 56 17 73 Total $ 57 $ 444 $ 501 Six months ended June 30, 2023 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 4 $ 473 $ 477 Capacity revenue (a) 196 10 206 Other revenues (a) 21 39 60 Contract amortization (11) (83) (94) Mark-to-market for economic hedges — 45 45 Total operating revenue 210 484 694 Less: Contract amortization 11 83 94 Less: Mark-to-market for economic hedges — (45) (45) Less: Lease revenue (205) (393) (598) Total revenue from contracts with customers $ 16 $ 129 $ 145 (a) The following amounts of energy, capacity and other revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 2 $ 385 $ 387 Capacity revenue 182 8 190 Other revenues (b) 21 — 21 Total $ 205 $ 393 $ 598 (b) Includes sales-type lease revenue recognized for the Marsh Landing Black Start addition that reached commercial operations on May 31, 2023. Contract Balances The following table reflects the contract assets and liabilities included on the Company’s consolidated balance sheets: June 30, 2024 December 31, 2023 (In millions) Accounts receivable, net - Contracts with customers $ 100 $ 66 Accounts receivable, net - Leases 155 105 Total accounts receivable, net $ 255 $ 171

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisitions	Acquisitions Cedar Creek Drop Down — On April 16, 2024, the Company, through its indirect subsidiary, Cedar Creek Wind Holdco LLC, acquired Cedar Creek Holdco LLC, the indirect owner of Cedar Creek, a 160 MW wind facility that is located in Bingham County, Idaho, from Clearway Renew for cash consideration of $117 million. Cedar Creek Holdco LLC consolidates as primary beneficiary, Cedar Creek TE Holdco LLC, a tax equity fund that owns the Cedar Creek wind facility, as further described in Note 4, Investments Accounted for by the Equity Method and Variable Interest Entities . Cedar Creek has a 25-year PPA with an investment-grade utility that commenced in March 2024. The Cedar Creek operations are reflected in the Company’s Renewables segment and the acquisition was funded with existing sources of liquidity. The acquisition was determined to be an asset acquisition and the Company consolidates Cedar Creek on a prospective basis in its financial statements. The assets and liabilities transferred to the Company relate to interests under common control and were recorded at historical cost in accordance with ASC 805-50, Business Combinations - Related Issues . The difference between the cash paid of $117 million and the historical cost of the Company’s net assets acquired of $17 million was recorded as an adjustment to CEG’s noncontrolling interest balance. In addition, the Company reflected the entire $117 million of the Company’s purchase price, which was contributed back to the Company by CEG to pay down the acquired long-term debt, in the line item contributions from CEG, net of distributions in the consolidated statements of stockholders’ equity. The following is a summary of assets and liabilities transferred in connection with the acquisition as of April 16, 2024: (In millions) Cedar Creek Restricted cash $ 1 Property, plant and equipment 311 Right-of-use assets, net 6 Derivative assets 14 Other current and non-current assets 14 Total assets acquired 346 Long-term debt (a) 309 Long-term lease liabilities 7 Other current and non-current liabilities 13 Total liabilities assumed 329 Net assets acquired $ 17 (a) Includes a $112 million construction loan, a $91 million cash equity bridge loan, and a $109 million tax equity bridge loan, offset by $3 million in unamortized debt issuance costs. See Note 7, Long-term Debt, for further discussion of the long-term debt assumed in the acquisition. Texas Solar Nova 2 Drop Down — On March 15, 2024, the Company, through its indirect subsidiary, TSN1 TE Holdco LLC, acquired Texas Solar Nova 2, a 200 MW solar facility that is located in Kent County, Texas, from Clearway Renew for cash consideration of $112 million, $17 million of which was funded by the Company with the remaining $95 million funded through a contribution from the cash equity investor in Lighthouse Renewable Holdco 2 LLC, which is a partnership. Lighthouse Renewable Holdco 2 LLC indirectly consolidates as primary beneficiary, TSN1 TE Holdco LLC, a tax equity fund that owns Texas Solar Nova 1 and Texas Solar Nova 2, as further described in Note 4, Investments Accounted for by the Equity Method and Variable Interest Entities. Texas Solar Nova 2 has an 18-year PPA with an investment-grade counterparty that commenced in February 2024. The Texas Solar Nova 2 operations are reflected in the Company’s Renewables segment and the Company’s portion of the purchase price was funded with existing sources of liquidity. The acquisition was determined to be an asset acquisition and the Company consolidates Texas Solar Nova 2 on a prospective basis in its financial statements. The assets and liabilities transferred to the Company relate to interests under common control and were recorded at historical cost in accordance with ASC 805-50, Business Combinations - Related Issues . The difference between the cash paid of $112 million and the historical cost of the Company’s net assets acquired of $72 million was recorded as an adjustment to CEG’s noncontrolling interest balance. In addition, the Company reflected $9 million of the Company’s purchase price, which was contributed back to the Company by CEG to pay down the acquired long-term debt, in the line item distributions to CEG, net of contributions in the consolidated statements of stockholders’ equity. The following is a summary of assets and liabilities transferred in connection with the acquisition as of March 15, 2024: (In millions) Texas Solar Nova 2 Restricted cash $ 1 Property, plant and equipment 280 Right-of-use assets, net 21 Derivative assets 6 Other current and non-current assets 4 Total assets acquired 312 Long-term debt (a) 194 Long-term lease liabilities 19 Other current and non-current liabilities 27 Total liabilities assumed 240 Net assets acquired $ 72 (a) Includes an $80 million term loan and a $115 million tax equity bridge loan, offset by $1 million in unamortized debt issuance costs. See Note 7, Long-term Debt, for further discussion of the long-term debt assumed in the acquisition.

Investments Accounted for by th

Investments Accounted for by the Equity Method and Variable Interest Entities	6 Months Ended
	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Investments Accounted for by the Equity Method and Variable Interest Entities	Investments Accounted for by the Equity Method and Variable Interest Entities Entities that are not Consolidated The Company has interests in entities that are considered VIEs under ASC 810, but for which it is not considered the primary beneficiary. The Company accounts for its interests in these entities and entities in which it has a significant investment under the equity method of accounting, as further described under Item 15 — Note 5, Investments Accounted for by the Equity Method and Variable Interest Entities, to the consolidated financial statements included in the Company’s 2023 Form 10 -K. The following table reflects the Company’s equity investments in unconsolidated affiliates as of June 30, 2024: Name Economic Interest Investment Balance (a) (In millions) Avenal 50% $ 7 Desert Sunlight 25% 221 Elkhorn Ridge 67% 11 GenConn (b) 50% 77 San Juan Mesa 75% 5 $ 321 (a) The Company’s maximum exposure to loss is limited to its investment balances. (b) GenConn is a VIE. Rosie Central BESS On June 13, 2024, when the Rosamond Central BESS facility reached substantial completion, Clearway Renew redeemed Rosie Class B LLC’s entire investment of $28 million in Rosie Central BESS that was accounted for as an equity method investment, as further discussed in Note 7, Long-term Debt . Rosie Class B LLC’s equity investment in Rosie Central BESS was comprised of contributions from the Company and the cash equity investor in Rosie TargetCo LLC during the year ended December 31, 2023. Entities that are Consolidated As further described under Item 15 — Note 5, Investments Accounted for by the Equity Method and Variable Interest Entities, to the consolidated financial statements included in the Company’s 2023 Form 10-K, the Company has a controlling financial interest in certain entities which have been identified as VIEs under ASC 810, Consolidations , or ASC 810. These arrangements are primarily related to tax equity arrangements entered into with third parties in order to monetize certain tax credits associated with wind, solar and BESS facilities. The Company also has a controlling financial interest in certain partnership arrangements with third-party investors, which also have been identified as VIEs. Under the Company’s arrangements that have been identified as VIEs, the third-party investors are allocated earnings, tax attributes and distributable cash in accordance with the respective limited liability company agreements. Many of these arrangements also provide a mechanism to facilitate achievement of the investor’s specified return by providing incremental cash distributions to the investor at a specified date if the specified return has not yet been achieved. The following is a summary of significant activity during the six months ended June 30, 2024 related to the Company’s consolidated VIEs: Cedar Creek TE Holdco LLC As described in Note 3, Acquisitions , on April 16, 2024, the Company, through its indirect subsidiary, Cedar Creek Wind Holdco LLC, acquired Cedar Creek Holdco LLC. Cedar Creek Holdco LLC consolidates as primary beneficiary, Cedar Creek TE Holdco LLC, a tax equity fund that owns the Cedar Creek wind facility. The Class A membership interests in Cedar Creek TE Holdco LLC are held by a tax equity investor and are reflected as noncontrolling interest on the Company’s consolidated balance sheet. Lighthouse Renewable Holdco 2 LLC As described in Note 3, Acquisitions , on March 15, 2024, TSN1 TE Holdco LLC, an indirect subsidiary of the Company, acquired Texas Solar Nova 2. The Company, through Lighthouse Renewable Holdco 2 LLC, a partnership, consolidates TSN1 TE Holdco LLC, a tax equity fund that owns Texas Solar Nova 1 and Texas Solar Nova 2. The Company recorded the noncontrolling interest of the cash equity investor in Lighthouse Renewable Holdco 2 LLC at historical carrying amount, with the offset to additional-paid in capital. The Class A membership interests in TSN1 TE Holdco LLC are held by a tax equity investor and are reflected as noncontrolling interest on the Company’s consolidated balance sheet. Daggett Renewable Holdco LLC Effective January 1, 2024, the Company and the cash equity investor in Daggett Renewable HoldCo LLC and Daggett 2 TargetCo LLC, the indirect owner of the Daggett 2 solar and BESS facility, agreed to transfer Daggett 2 TargetCo LLC to Daggett Renewable Holdco LLC. As the transfer was among entities under common control, the transaction was recognized at historical cost and no gain or loss was recognized. Summarized financial information for the Company’s consolidated VIEs consisted of the following as of June 30, 2024: (In millions) Buckthorn Holdings, LLC Cedar Creek TE Holdco LLC Daggett Renewable Holdco LLC (a) DGPV Funds (b) Lighthouse Renewable Holdco LLC (c) Lighthouse Renewable Holdco 2 LLC (d) Other current and non-current assets $ 5 $ 47 $ 240 $ 56 $ 69 $ 153 Property, plant and equipment 181 310 1,369 371 403 1,329 Intangible assets — — — 1 — 2 Total assets 186 357 1,609 428 472 1,484 Current and non-current liabilities 12 124 645 51 140 586 Total liabilities 12 124 645 51 140 586 Noncontrolling interest 10 105 951 9 245 696 Net assets less noncontrolling interest $ 164 $ 128 $ 13 $ 368 $ 87 $ 202 (a) Daggett Renewable Holdco LLC consolidates Daggett TE Holdco LLC and Daggett 2 TE Holdco LLC, which are consolidated VIEs. (b) DGPV Funds is comprised of Clearway & EFS Distributed Solar LLC, Golden Puma Fund LLC, Renew Solar CS4 Fund LLC and Chestnut Fund LLC, which are all tax equity funds. (c) Lighthouse Renewable Holdco LLC consolidates Black Rock TE Holdco LLC and Mililani TE Holdco LLC, which are consolidated VIEs. (d) Lighthouse Renewable Holdco 2 LLC consolidates Mesquite Sky TE Holdco LLC, Mesquite Star Tax Equity Holdco LLC and TSN1 TE Holdco LLC, which are consolidated VIEs. (In millions) Oahu Solar LLC Rattlesnake TE Holdco LLC Rosie TargetCo LLC VP-Arica TargetCo LLC (a) Wildorado TE Holdco LLC Other (b) Other current and non-current assets $ 38 $ 15 $ 56 $ 54 $ 24 $ 46 Property, plant and equipment 153 170 542 1,015 186 340 Intangible assets — — — 2 — 14 Total assets 191 185 598 1,071 210 400 Current and non-current liabilities 22 17 222 40 18 170 Total liabilities 22 17 222 40 18 170 Noncontrolling interest 21 78 314 374 90 149 Net assets less noncontrolling interest $ 148 $ 90 $ 62 $ 657 $ 102 $ 81 (a) VP-Arica TargetCo LLC consolidates VP-Arica TE Holdco LLC, a consolidated VIE that owns the Victory Pass and Arica solar and BESS facilities. (b) Other is comprised of Elbow Creek TE Holdco LLC, Langford TE Partnership LLC, Pinnacle Repowering TE Holdco LLC and the Spring Canyon facilities.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair Value Accounting under ASC 820 ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels as follows: • Level 1—quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access as of the measurement date. • Level 2—inputs other than quoted prices included within Level 1 that are directly observable for the asset or liability or indirectly observable through corroboration with observable market data. • Level 3—unobservable inputs for the asset or liability only used when there is little, if any, market activity for the asset or liability at the measurement date. In accordance with ASC 820, the Company determines the level in the fair value hierarchy within which each fair value measurement in its entirety falls, based on the lowest level input that is significant to the fair value measurement. For cash and cash equivalents, restricted cash, accounts receivable — trade, accounts receivable — affiliates, accounts payable — trade, accounts payable — affiliates and accrued expenses and other current liabilities, the carrying amounts approximate fair value because of the short-term maturity of those instruments and are classified as Level 1 within the fair value hierarchy. The carrying amount and estimated fair value of the Company’s recorded financial instrument not carried at fair market value or that does not approximate fair value is as follows: As of June 30, 2024 As of December 31, 2023 Carrying Amount Fair Value Carrying Amount Fair Value (In millions) Long-term debt, including current portion (a) $ 7,268 $ 6,696 $ 8,102 $ 7,611 (a) Excludes net debt issuance costs, which are recorded as a reduction to long-term debt on the Company’s consolidated balance sheets. The fair value of the Company’s publicly-traded long-term debt is based on quoted market prices and is classified as Level 2 within the fair value hierarchy. The fair value of debt securities, non-publicly traded long-term debt and certain notes receivable of the Company are based on expected future cash flows discounted at market interest rates, or current interest rates for similar instruments with equivalent credit quality and are classified as Level 3 within the fair value hierarchy. The following table presents the level within the fair value hierarchy for long-term debt, including current portion: As of June 30, 2024 As of December 31, 2023 Level 2 Level 3 Level 2 Level 3 (In millions) Long-term debt, including current portion $ 1,914 $ 4,782 $ 1,939 $ 5,672 Recurring Fair Value Measurements The Company records its derivative assets and liabilities at fair market value on its consolidated balance sheets. The following table presents assets and liabilities measured and recorded at fair value on the Company’s consolidated balance sheets on a recurring basis and their level within the fair value hierarchy: As of June 30, 2024 As of December 31, 2023 Fair Value (a) Fair Value (a) (In millions) Level 2 (b) Level 3 Level 2 (b) Level 3 Derivative assets: Energy-related commodity contracts (c) $ — $ 3 $ 2 $ — Interest rate contracts 165 — 121 — Other financial instruments (d) — 10 — 13 Total assets $ 165 $ 13 $ 123 $ 13 Derivative liabilities: Energy-related commodity contracts (e) $ 1 $ 394 $ — $ 330 Interest rate contracts — — 2 — Total liabilities $ 1 $ 394 $ 2 $ 330 (a) There were no derivative assets or liabilities classified as Level 1 as of June 30, 2024 and December 31, 2023. (b) The Company’s interest rate swaps are measured at fair value using an income approach, which uses readily observable inputs, such as forward interest rates (e.g., SOFR) and contractual terms to estimate fair value. (c) Includes long-term backbone transportation service contracts classified as Level 2 and short-term heat rate call option contracts classified as Level 3. (d) Includes SREC contract. (e) Includes long-term backbone transportation contracts classified as Level 2 and long-term power commodity contracts and short-term heat rate call option contracts classified as Level 3. As of June 30, 2024 and December 31, 2023, Level 3 amounts include $394 million and $325 million related to long-term power commodity contracts and zero and $5 million related to short-term heat rate call option contracts, respectively. The following table reconciles the beginning and ending balances for instruments that are recognized at fair value in the consolidated financial statements using significant unobservable inputs: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 (In millions) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Beginning balance $ (339) $ (316) $ (317) $ (336) Settlements (3) 5 (6) 9 Total (losses) gains for the period included in earnings (39) 20 (58) 36 Ending balance $ (381) $ (291) $ (381) $ (291) Change in unrealized losses included in earnings for derivatives and other financial instruments held as of June 30, 2024 $ (39) $ (58) Derivative and Financial Instruments Fair Value Measurements The Company's contracts are non-exchange-traded and valued using prices provided by external sources. The Company uses quoted observable forward prices to value its energy-related commodity contracts, which includes long-term power commodity contracts and heat rate call option contracts. To the extent that observable forward prices are not available, the quoted prices reflect the average of the forward prices from the prior year, adjusted for inflation. As of June 30, 2024, contracts valued with prices provided by models and other valuation techniques make up 2% of derivative assets and 100% of derivative liabilities and other financial instruments. The Company’s significant positions classified as Level 3 include physical and financial energy-related commodity contracts executed in illiquid markets. The significant unobservable inputs used in developing fair value include illiquid power tenors and location pricing, which is derived by extrapolating pricing as a basis to liquid locations. The tenor pricing and basis spread are based on observable market data when available or derived from historic prices and forward market prices from similar observable markets when not available. The following table quantifies the significant unobservable inputs used in developing the fair value of the Company’s Level 3 positions: June 30, 2024 Fair Value Input/Range Assets Liabilities Valuation Technique Significant Unobservable Input Low High Weighted Average (In millions) Long-term Power Commodity Contracts $ — $ 394 Discounted Cash Flow Forward Market Price (per MWh) $ 24.76 $ 95.06 $ 47.19 Heat Rate Call Option Commodity Contracts 3 — Option Model Forward Market Price (per MWh) $ (12.97) $ 1,127.48 $ 60.73 Option Model Forward Market Price (per MMBtu) $ 1.66 $ 13.71 $ 6.03 Other Financial Instruments 10 — Discounted Cash Flow Forecast annual generation levels of certain DG solar facilities 59,425 MWh 118,850 MWh 111,091 MWh The following table provides the impact on the fair value measurements to increases/(decreases) in significant unobservable inputs as of June 30, 2024: Type Significant Unobservable Input Position Change In Input Impact on Fair Value Measurement Energy-Related Commodity Contracts Forward Market Price Power Sell Increase/(Decrease) Lower/(Higher) Energy-Related Commodity Contracts Forward Market Price Gas Sell Increase/(Decrease) Higher/(Lower) Other Financial Instruments Forecast Generation Levels Sell Increase/(Decrease) Higher/(Lower) The fair value of each contract is discounted using a risk-free interest rate. In addition, a credit reserve is applied to reflect credit risk, which is, for interest rate swaps, calculated based on credit default swaps using the bilateral method. For commodities, to the extent that the Net Exposure under a specific master agreement is an asset, the Company uses the counterparty’s default swap rate. If the Net Exposure under a specific master agreement is a liability, the Company uses a proxy of its own default swap rate. For interest rate swaps and commodities, the credit reserve is added to the discounted fair value to reflect the exit price that a market participant would be willing to receive to assume the liabilities or that a market participant would be willing to pay for the assets. As of June 30, 2024, the non-performance reserve was a $14 million gain recorded primarily to total operating revenues in the consolidated statements of income. It is possible that future market prices could vary from those used in recording assets and liabilities and such variations could be material. Concentration of Credit Risk In addition to the credit risk discussion as disclosed under Item 15 — Note 2, Summary of Significant Accounting Policies , to the consolidated financial statements included in the Company’s 2023 Form 10-K, the following item is a discussion of the concentration of credit risk for the Company’s financial instruments. Credit risk relates to the risk of loss resulting from non-performance or non-payment by counterparties pursuant to the terms of their contractual obligations. The Company monitors and manages credit risk through credit policies that include: (i) an established credit approval process; (ii) monitoring of counterparties’ credit limits on an as needed basis; (iii) as applicable, the use of credit mitigation measures such as margin, collateral, prepayment arrangements, or volumetric limits; (iv) the use of payment netting agreements; and (v) the use of master netting agreements that allow for the netting of positive and negative exposures of various contracts associated with a single counterparty. Risks surrounding counterparty performance and credit could ultimately impact the amount and timing of expected cash flows. The Company seeks to mitigate counterparty risk by having a diversified portfolio of counterparties.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities This footnote should be read in conjunction with the complete description under Item 15 — Note 7, Accounting for Derivative Instruments and Hedging Activities , to the consolidated financial statements included in the Company’s 2023 Form 10-K. Interest Rate Swaps The Company enters into interest rate swap agreements in order to hedge the variability of expected future cash interest payments. As of June 30, 2024, the Company had interest rate derivative instruments on non-recourse debt extending through 2040, a portion of which were designated as cash flow hedges. Under the interest rate swap agreements, the Company pays a fixed rate and the counterparties to the agreements pay a variable interest rate. Energy-Related Commodity Contracts As of June 30, 2024, the Company had energy-related derivative instruments extending through 2033. At June 30, 2024, these contracts were not designated as cash flow or fair value hedges. Volumetric Underlying Derivative Transactions The following table summarizes the net notional volume buy/(sell) of the Company’s open derivative transactions broken out by commodity: Total Volume June 30, 2024 December 31, 2023 Commodity Units (In millions) Power MWh (19) (23) Natural Gas MMBtu 17 17 Interest Dollars $ 1,715 $ 2,467 Fair Value of Derivative Instruments The following table summarizes the fair value within the derivative instrument valuation on the consolidated balance sheets: Fair Value Derivative Assets Derivative Liabilities June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 (In millions) Derivatives Designated as Cash Flow Hedges: Interest rate contracts current $ 8 $ 7 $ — $ — Interest rate contracts long-term 19 12 — 2 Total Derivatives Designated as Cash Flow Hedges $ 27 $ 19 $ — $ 2 Derivatives Not Designated as Cash Flow Hedges: Interest rate contracts current $ 40 $ 33 $ — $ — Interest rate contracts long-term 98 69 — — Energy-related commodity contracts current 3 1 59 51 Energy-related commodity contracts long-term — 1 336 279 Total Derivatives Not Designated as Cash Flow Hedges $ 141 $ 104 $ 395 $ 330 Total Derivatives $ 168 $ 123 $ 395 $ 332 The Company has elected to present derivative assets and liabilities on the balance sheet on a trade-by-trade basis and does not offset amounts at the counterparty level. As of June 30, 2024 and December 31, 2023, the amount of outstanding collateral paid or received was immaterial. The following tables summarize the offsetting of derivatives by counterparty: Gross Amounts Not Offset in the Statement of Financial Position As of June 30, 2024 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Energy-related commodity contracts (In millions) Derivative assets $ 3 $ — $ 3 Derivative liabilities (395) — (395) Total energy-related commodity contracts $ (392) $ — $ (392) Interest rate contracts Derivative assets $ 165 $ — $ 165 Total interest rate contracts $ 165 $ — $ 165 Total derivative instruments $ (227) $ — $ (227) Gross Amounts Not Offset in the Statement of Financial Position As of December 31, 2023 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Energy-related commodity contracts (In millions) Derivative assets $ 2 $ — $ 2 Derivative liabilities (330) — (330) Total energy-related commodity contracts $ (328) $ — $ (328) Interest rate contracts Derivative assets $ 121 $ (2) $ 119 Derivative liabilities (2) 2 — Total interest rate contracts $ 119 $ — $ 119 Total derivative instruments $ (209) $ — $ (209) Accumulated Other Comprehensive Income The following table summarizes the effects on the Company’s accumulated OCI balance attributable to interest rate swaps designated as cash flow hedge derivatives, net of tax: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 (In millions) Accumulated OCI beginning balance $ 17 $ 21 $ 18 $ 24 Reclassified from accumulated OCI to income due to realization of previously deferred amounts (1) (1) (2) (1) Mark-to-market of cash flow hedge accounting contracts 2 4 2 1 Accumulated OCI ending balance, net of income tax expense of $2, $3, $2 and $3, respectively 18 24 18 24 Accumulated OCI attributable to noncontrolling interests 13 15 13 15 Accumulated OCI attributable to Clearway Energy, Inc. $ 5 $ 9 $ 5 $ 9 Gains expected to be realized from OCI during the next 12 months, net of income tax expense of $2 $ 4 $ 4 Amounts reclassified from accumulated OCI into income are recorded to interest expense. Impact of Derivative Instruments on the Consolidated Statements of Income Mark-to-market gains/(losses) related to the Company’s derivatives are recorded in the consolidated statements of income as follows: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 (In millions) Interest Rate Contracts (Interest expense) $ 1 $ 22 $ 24 $ 1 Energy-Related Commodity Contracts (Mark-to-market for economic hedging activities included in Total operating revenues) (a) (38) 32 (61) 50 Energy-Related Commodity Contracts (Mark-to-market for economic hedging activities included in Cost of operations) (b) (1) — (3) — (a) Relates to long-term energy related commodity contracts at Elbow Creek, Mesquite Star, Mt. Storm, Langford and Mesquite Sky and short-term heat rate call option energy-related commodity contracts at El Segundo, Marsh Landing and Walnut Creek. (b) Relates to long-term backbone transportation service energy-related commodity contracts at El Segundo and Walnut Creek. See Note 5, Fair Value of Financial Instruments , for a discussion regarding concentration of credit risk.

Long-term Debt

Long-term Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt This note should be read in conjunction with the complete description under Item 15 — Note 10, Long-term Debt, to the consolidated financial statements included in the Company’s 2023 Form 10-K. The Company’s borrowings, including short-term and long-term portions, consisted of the following: (In millions, except rates) June 30, 2024 December 31, 2023 June 30, 2024 interest rate % (a) Letters of Credit Outstanding at June 30, 2024 2028 Senior Notes $ 850 $ 850 4.750 2031 Senior Notes 925 925 3.750 2032 Senior Notes 350 350 3.750 Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 (b) — — S+1.500 $ 205 Non-recourse facility-level debt: Agua Caliente Solar LLC, due 2037 603 612 2.395-3.633 14 Alta Wind Asset Management LLC, due 2031 10 11 S+2.775 — Alta Wind I-V lease financing arrangements, due 2034 and 2035 628 660 5.696-7.015 67 Alta Wind Realty Investments LLC, due 2031 19 20 7.000 — Borrego, due 2024 and 2038 47 48 Various 4 Broken Bow, due 2031 38 41 S+2.100 6 Buckthorn Solar, due 2025 115 116 S+2.100 22 Carlsbad Energy Holdings LLC, due 2027 92 93 S+1.900 82 Carlsbad Energy Holdings LLC, due 2038 407 407 4.120 — Carlsbad Holdco, LLC, due 2038 194 195 4.210 6 Cedar Creek, due 2029 110 — S+1.625 19 Cedro Hill, due 2024 and 2029 169 165 S+1.250-1.375 — Crofton Bluffs, due 2031 25 27 S+2.100 3 CVSR, due 2037 585 601 2.339-3.775 12 CVSR Holdco Notes, due 2037 143 152 4.680 — Daggett 2, due 2028 156 156 S+1.762 32 Daggett 3, due 2028 217 217 S+1.762 44 DG-CS Master Borrower LLC, due 2040 378 385 3.510 29 Mililani Class B Member Holdco LLC, due 2028 92 92 S+1.600 18 NIMH Solar, due 2031 and 2033 137 148 S+2.000-2.125 17 Oahu Solar Holdings LLC, due 2026 80 81 S+1.525 11 Rosie Class B LLC, due 2029 192 347 S+1.750 31 Texas Solar Nova 1, due 2028 (c) — 102 — TSN1 Class B Member LLC, due 2029 (c) 181 — S+1.750 53 Utah Solar Holdings, due 2036 238 242 3.590 161 Viento Funding II, LLC, due 2029 167 175 S+1.475 29 Victory Pass and Arica, due 2024 — 757 — Other 117 124 Various 77 Subtotal non-recourse facility-level debt 5,140 5,974 Total debt 7,265 8,099 Less current maturities (412) (558) Less net debt issuance costs (59) (65) Add premiums (d) 3 3 Total long-term debt $ 6,797 $ 7,479 (a) As of June 30, 2024, S+ equals SOFR plus x%. (b) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement, and only applies to outstanding borrowings. (c) On March 15, 2024, Texas Solar Nova 1’s financing agreement was amended to merge the facility-level debt of Texas Solar Nova 1 and Texas Solar Nova 2 as a combined term loan under TSN1 Class B Member LLC. (d) Premiums relate to the 2028 Senior Notes. The financing arrangements listed above contain certain covenants, including financial covenants that the Company is required to be in compliance with during the term of the respective arrangement. As of June 30, 2024, the Company was in compliance with all of the required covenants. The discussion below describes material changes to or additions of long-term debt for the six months ended June 30, 2024. Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility As of June 30, 2024, the Company had no outstanding borrowings under the revolving credit facility and $205 million in letters of credit outstanding. Facility-level Debt Natural Gas Holdco LC Facility On July 25, 2024, the Company, through its indirect subsidiary, Natural Gas Holdco, entered into a financing agreement that provides for a $200 million letter of credit facility, which will be utilized to support the collateral needs of the Company’s merchant conventional facilities. The letter of credit facility has an initial term of three years and the option for two additional one Rosamond Central (Rosie Class B LLC) On June 13, 2024, when the Rosamond Central BESS facility reached substantial completion, the Company paid $279 million to Clearway Renew as additional purchase price to complete its acquisition of the facility, which occurred on December 1, 2023. The Company’s entire additional purchase price was recorded as an adjustment to CEG’s noncontrolling interest balance. The additional purchase price consisted of $64 million that was funded by the Company from existing sources of liquidity and $215 million funded through contributions from the cash equity investor in Rosie TargetCo LLC and the tax equity investor in Rosie TE Holdco LLC. Clearway Renew utilized the proceeds to repay the balance of $184 million on the loan previously issued to its consolidated subsidiary by Rosie Class B LLC and to redeem Rosie Class B LLC’s entire equity investment in Rosie Central BESS of $28 million, as further discussed in Note 4, Investments Accounted for by the Equity Method and Variable Interest Entities . The Company utilized proceeds from Clearway Renew, along with $39 million held previously in escrow and $56 million of the Company’s additional purchase price that was contributed back by CEG, to repay the $186 million tax equity bridge loan, to distribute $44 million to the cash equity investor, to fund $21 million in construction completion reserves, which is included in restricted cash on the Company’s consolidated balance sheet, and to pay $11 million in associated fees. Additionally, on June 13, 2024, the outstanding construction loans were converted to a term loan in the amount of $115 million. NIMH Solar On June 11, 2024, NIMH Solar LLC refinanced its amended and restated credit agreement, which was scheduled to mature in September 2024, resulting in the issuance of a $137 million term loan facility, as well as $17 million in letters of credit in support of debt service and facility obligations. The obligations under the new financing arrangement are supported by the Company’s interests in the Alpine, Blythe and Roadrunner solar facilities. The Company utilized the proceeds from the term loan and existing sources of liquidity to pay off the existing debt in the amount of $146 million. Victory Pass and Arica On May 1, 2024, when the Victory Pass and Arica solar and BESS facilities reached substantial completion, the Company paid $165 million to Clearway Renew as additional purchase price, in connection with the Company’s acquisition of the Class A membership interests in VP-Arica TargetCo LLC on October 31, 2023, which was funded with existing sources of liquidity. The Company’s entire additional purchase price was recorded as an adjustment to CEG’s noncontrolling interest balance. Also on May 1, 2024, the cash equity investor contributed an additional $347 million, the tax equity investor contributed an additional $410 million and CEG contributed $52 million, which were utilized, along with $103 million held previously in escrow, to repay the $351 million cash equity bridge loan, to repay the $468 million tax equity bridge loan, to fund $75 million in construction completion reserves, which is included in restricted cash on the Company’s consolidated balance sheet, and to pay $18 million in associated fees. Prior to the repayment of the tax equity bridge loan, the Company borrowed an additional $62 million in 2024. Cedar Creek On April 16, 2024, as part of the acquisition of Cedar Creek, as further described in Note 3, Acquisitions , the Company assumed the facility’s financing agreement, which included a $112 million construction loan, a $91 million cash equity bridge loan and a $109 million tax equity bridge loan, offset by $3 million in unamortized debt issuance costs. At acquisition date, the tax equity investor contributed $108 million, which was utilized, along with the Company’s entire purchase price that was contributed back by CEG, to repay the tax equity bridge loan, to repay the cash equity bridge loan, to partially repay $2 million in construction loans, to fund $16 million in construction completion reserves, which is included in restricted cash on the Company’s consolidated balance sheet, and to pay $6 million in associated fees. Also at acquisition date, the outstanding construction loans were converted to a term loan in the amount of $110 million. Texas Solar Nova 1 and Texas Solar Nova 2 On March 15, 2024, as part of the acquisition of Texas Solar Nova 2, as further described in Note 3, Acquisitions , the Company assumed the facility’s financing agreement, which included an $80 million term loan and a $115 million tax equity bridge loan, offset by $1 million in unamortized debt issuance costs. At acquisition date, the tax equity investor contributed $130 million, which was utilized, along with $9 million of the Company’s purchase price that was contributed back by CEG, to repay the $115 million tax equity bridge loan, to fund $19 million in construction completion reserves, which is included in restricted cash on the Company’s consolidated balance sheet, and to pay $4 million in associated fees. Additionally, on March 15, 2024, Texas Solar Nova 1’s financing agreement was amended to merge the Texas Solar Nova 1 and Texas Solar Nova 2 term loans as a combined term loan under TSN1 Class B Member LLC.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. Shares issued during the year are weighted for the portion of the year that they were outstanding. Diluted earnings per share is computed in a manner consistent with that of basic losses per share while giving effect to all potentially dilutive common shares that were outstanding during the period. The reconciliation of the Company’s basic and diluted earnings per share is shown in the following tables: Three months ended June 30, 2024 2023 (In millions, except per share data) (a) Common Class A Common Class C Common Class A Common Class C Basic and diluted income per share attributable to Clearway Energy, Inc. common stockholders Net income attributable to Clearway Energy, Inc. $ 15 $ 36 $ 11 $ 27 Weighted average number of common shares outstanding — basic and diluted 35 82 35 82 Earnings per weighted average common share — basic and diluted $ 0.43 $ 0.43 $ 0.33 $ 0.33 (a) Net income attributable to Clearway Energy, Inc. and basic and diluted earnings per share might not recalculate due to presenting amounts in millions rather than whole dollars. Six months ended June 30, 2024 2023 (In millions, except per share data) (a) Common Class A Common Class C Common Class A Common Class C Basic and diluted income per share attributable to Clearway Energy, Inc. common stockholders Net income attributable to Clearway Energy, Inc. $ 14 $ 35 $ 11 $ 27 Weighted average number of common shares outstanding — basic and diluted 35 82 35 82 Earnings per weighted average common share — basic and diluted $ 0.41 $ 0.41 $ 0.32 $ 0.32 (a) Net income attributable to Clearway Energy, Inc. and basic and diluted earnings per share might not recalculate due to presenting amounts in millions rather than whole dollars.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company’s segment structure reflects how management currently operates and allocates resources. The Company’s businesses are segregated based on conventional power generation and renewable businesses, which consist of solar, wind and battery energy storage system, or BESS, facilities. The Corporate segment reflects the Company’s corporate costs and includes eliminating entries. The Company’s chief operating decision maker, its Chief Executive Officer, evaluates the performance of its segments based on operational measures including adjusted earnings before interest, taxes, depreciation and amortization, or Adjusted EBITDA, and CAFD, as well as net income (loss). Three months ended June 30, 2024 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 69 $ 297 $ — $ 366 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 26 91 — 117 Depreciation, amortization and accretion 27 126 — 153 General and administrative — — 9 9 Transaction and integration costs — — 3 3 Operating income (loss) 16 80 (12) 84 Equity in earnings of unconsolidated affiliates — 8 — 8 Other income, net 2 7 3 12 Loss on debt extinguishment — (2) — (2) Interest expense (9) (55) (24) (88) Income (loss) before income taxes 9 38 (33) 14 Income tax expense — — 10 10 Net Income (Loss) $ 9 $ 38 $ (43) $ 4 Total Assets $ 2,021 $ 12,431 $ 65 $ 14,517 (a) Includes eliminations. Three months ended June 30, 2023 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 115 $ 291 $ — $ 406 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 40 79 (1) 118 Depreciation, amortization and accretion 32 96 — 128 General and administrative — — 9 9 Transaction and integration costs — — 2 2 Operating income (loss) 43 116 (10) 149 Equity in earnings of unconsolidated affiliates 1 2 — 3 Other income, net 1 3 5 9 Interest expense (8) (23) (24) (55) Income (loss) before income taxes 37 98 (29) 106 Income tax expense — — 22 22 Net Income (Loss) $ 37 $ 98 $ (51) $ 84 (a) Includes eliminations. Six months ended June 30, 2024 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 164 $ 465 $ — $ 629 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 68 176 (1) 243 Depreciation, amortization and accretion 59 248 — 307 General and administrative — — 20 20 Transaction and integration costs — — 4 4 Operating income (loss) 37 41 (23) 55 Equity in earnings of unconsolidated affiliates 1 19 — 20 Other income, net 3 17 8 28 Loss on debt extinguishment — (3) — (3) Interest expense (16) (80) (49) (145) Income (loss) before income taxes 25 (6) (64) (45) Income tax benefit — — (3) (3) Net Income (Loss) $ 25 $ (6) $ (61) $ (42) (a) Includes eliminations. Six months ended June 30, 2023 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 210 $ 484 $ — $ 694 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 69 158 (1) 226 Depreciation, amortization and accretion 65 191 — 256 General and administrative — — 19 19 Transaction and integration costs — — 2 2 Operating income (loss) 76 135 (20) 191 Equity in earnings (losses) of unconsolidated affiliates 2 (2) — — Other income, net 2 4 11 17 Interest expense (19) (87) (48) (154) Income (loss) before income taxes 61 50 (57) 54 Income tax expense — — 10 10 Net Income (Loss) $ 61 $ 50 $ (67) $ 44 (a) Includes eliminations.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Effective Tax Rate The income tax provision consisted of the following amounts: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 (In millions, except percentages) Income (loss) before income taxes $ 14 $ 106 $ (45) $ 54 Income tax expense (benefit) 10 22 (3) 10 Effective income tax rate 71.4 % 20.8 % 6.7 % 18.5 % For the three and six months ended June 30, 2024 and 2023, the overall effective tax rate was different than the statutory rate of 21% primarily due to the allocation of taxable earnings and losses based on the partners’ interest in Clearway Energy LLC, which includes the effects of applying the HLBV method of accounting for book purposes for certain partnerships. For tax purposes, Clearway Energy LLC is treated as a partnership; therefore, the Company and CEG each record their respective share of taxable income or loss.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions In addition to the transactions and relationships described elsewhere in the notes to the consolidated financial statements, certain subsidiaries of CEG provide services to the Company and its subsidiaries. Amounts due to CEG subsidiaries are recorded as accounts payable — affiliates and amounts due to the Company from CEG subsidiaries are recorded as accounts receivable — affiliates in the Company’s consolidated balance sheets. The disclosures below summarize the Company’s material related party transactions with CEG and its subsidiaries that are included in the Company’s operating costs. O&M Services Agreements by and between the Company and Clearway Renewable Operation & Maintenance LLC Various subsidiaries of the Company in the Renewables segment are party to services agreements with Clearway Renewable Operation & Maintenance LLC, or RENOM, a wholly-owned subsidiary of CEG, which provides operation and maintenance, or O&M, services to these subsidiaries. The Company incurred total expenses for these services of $18 million and $19 million for the three months ended June 30, 2024 and 2023, respectively. The Company incurred total expenses for these services of $37 million and $36 million for the six months ended June 30, 2024 and 2023, respectively. There was a balance of $8 million and $13 million due to RENOM as of June 30, 2024 and December 31, 2023, respectively. Administrative Services Agreements by and between the Company and CEG Various subsidiaries of the Company are parties to services agreements with Clearway Asset Services LLC and Solar Asset Management LLC, two wholly-owned subsidiaries of CEG, which provide various administrative services to the Company's subsidiaries. The Company incurred expenses under these agreements of $6 million for each of the three months ended June 30, 2024 and 2023. The Company incurred expenses under these agreements of $12 million and $10 million for the six months ended June 30, 2024 and 2023, respectively. There was a balance of $3 million and $2 million due to CEG as of June 30, 2024 and December 31, 2023, respectively. CEG Master Services Agreement The Company is a party to the CEG Master Services Agreement, pursuant to which CEG and certain of its affiliates or third-party service providers provide certain services to the Company, including operational and administrative services, which include human resources, information systems, cybersecurity, external affairs, accounting, procurement and risk management services, and the Company provides certain services to CEG, including accounting, internal audit, tax and treasury services, in exchange for the payment of fees in respect of such services. The Company incurred net expenses under these agreements of $2 million for each of the three months ended June 30, 2024 and 2023. The Company incurred net expenses under these agreements of $3 million for each of the six months ended June 30, 2024 and 2023. On April 30, 2024, the CEG Master Services Agreement was amended and restated as a result of a reorganization effected by the Company pursuant to which all of the employees and operations of the Company will transfer to CEG as of January 1, 2025. Under the amended and restated agreement, CEG and certain of its affiliates or third-party service providers will continue to provide the operational and administrative services outlined above, and, effective January 1, 2025, CEG will also provide accounting, internal audit, tax, legal and treasury services, in exchange for payment of fees in respect of such services. Certain independent functions will be directed by the Company’s Governance, Conflicts and Nominating Committee and paid for by the Company, while being administered by CEG.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income attributable to Clearway Energy, Inc.	$ 51	$ 38	$ 49	$ 38

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the SEC’s regulations for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The following notes should be read in conjunction with the accounting policies and other disclosures as set forth in the notes to the consolidated financial statements included in the Company’s 2023 Form 10-K. Interim results are not necessarily indicative of results for a full year. In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all material adjustments consisting of normal and recurring accruals necessary to present fairly the Company’s consolidated financial position as of June 30, 2024, and results of operations, comprehensive income and cash flows for the three and six months ended June 30, 2024 and 2023.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amounts of net earnings during the reporting periods. Actual results could be different from these estimates.
Cash and Cash Equivalents	Cash, Cash Equivalents and Restricted Cash
Restricted Cash	Restricted cash consists primarily of funds held to satisfy the requirements of certain debt agreements and funds held within the Company’s facilities that are restricted in their use.
Concentration of Credit Risk	Concentration of Credit Risk In addition to the credit risk discussion as disclosed under Item 15 — Note 2, Summary of Significant Accounting Policies , to the consolidated financial statements included in the Company’s 2023 Form 10-K, the following item is a discussion of the concentration of credit risk for the Company’s financial instruments. Credit risk relates to the risk of loss resulting from non-performance or non-payment by counterparties pursuant to the terms of their contractual obligations. The Company monitors and manages credit risk through credit policies that include: (i) an established credit approval process; (ii) monitoring of counterparties’ credit limits on an as needed basis; (iii) as applicable, the use of credit mitigation measures such as margin, collateral, prepayment arrangements, or volumetric limits; (iv) the use of payment netting agreements; and (v) the use of master netting agreements that allow for the netting of positive and negative exposures of various contracts associated with a single counterparty. Risks surrounding counterparty performance and credit could ultimately impact the amount and timing of expected cash flows. The Company seeks to mitigate counterparty risk by having a diversified portfolio of counterparties. Counterparty credit exposure includes credit risk exposure under certain long-term agreements, including solar and other PPAs. As external sources or observable market quotes are not available to estimate such exposure, the Company estimates the exposure related to these contracts based on various techniques including, but not limited to, internal models based on a fundamental analysis of the market and extrapolation of observable market data with similar characteristics. A significant portion of these energy-related commodity contracts are with utilities with strong credit quality and public utility commission or other regulatory support. However, such regulated utility counterparties can be impacted by changes in government regulations or adverse financial conditions, which the Company is unable to predict. Certain subsidiaries of the Company sell the output of their facilities to PG&E, a significant counterparty of the Company, under long-term PPAs, and PG&E’s credit rating is below investment-grade.

Nature of Business (Tables)

Nature of Business (Tables)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Company Structure	The following table represents a summarized structure of the Company as of June 30, 2024:

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows: June 30, 2024 December 31, 2023 (In millions) Cash and cash equivalents $ 226 $ 535 Restricted cash 344 516 Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 570 $ 1,051
Schedule of Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows: June 30, 2024 December 31, 2023 (In millions) Cash and cash equivalents $ 226 $ 535 Restricted cash 344 516 Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 570 $ 1,051
Schedule of Supplemental Cash Flow Information	The following table provides a disaggregation of the amounts classified as Acquisition of Drop Down Assets, net of cash acquired, shown in the consolidated statements of cash flows: Six months ended June 30, 2024 2023 (In millions) Cash paid to acquire Drop Down Assets $ (673) $ (21) Cash acquired from the acquisition of Drop Down Assets 2 14 Acquisition of Drop Down Assets, net of cash acquired $ (671) $ (7)
Schedule of Accumulated Amortization and Depreciation	The following table presents the accumulated depreciation included in property, plant and equipment, net, and accumulated amortization included in intangible assets, net: June 30, 2024 December 31, 2023 (In millions) Property, Plant and Equipment Accumulated Depreciation $ 3,781 $ 3,485 Intangible Assets Accumulated Amortization 1,101 1,009
Schedule of Dividends Declared	The following table lists the dividends paid on the Company's Class A and Class C common stock during the six months ended June 30, 2024: Second Quarter 2024 First Quarter 2024 Dividends per Class A share $ 0.4102 $ 0.4033 Dividends per Class C share 0.4102 0.4033
Schedule of Distributions Made to Limited Liability Company (LLC) Member, by Distribution	The following table lists distributions paid to CEG during the six months ended June 30, 2024 on Clearway Energy LLC’s Class B and D units: Second Quarter 2024 First Quarter 2024 Distributions per Class B Unit $ 0.4102 $ 0.4033 Distributions per Class D Unit 0.4102 0.4033
Schedule of Disaggregation of Revenue	The following tables represent the Company’s disaggregation of revenue from contracts with customers along with the reportable segment for each category: Three months ended June 30, 2024 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 10 $ 334 $ 344 Capacity revenue (a) 67 13 80 Other revenues 1 29 30 Contract amortization (4) (42) (46) Mark-to-market for economic hedges (5) (37) (42) Total operating revenues 69 297 366 Less: Contract amortization 4 42 46 Less: Mark-to-market for economic hedges 5 37 42 Less: Lease revenue (28) (267) (295) Total revenue from contracts with customers $ 50 $ 109 $ 159 (a) The following amounts of energy and capacity revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ — $ 258 $ 258 Capacity revenue 28 9 37 Total $ 28 $ 267 $ 295 Three months ended June 30, 2023 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 3 $ 275 $ 278 Capacity revenue (a) 96 5 101 Other revenues (a) 21 27 48 Contract amortization (5) (42) (47) Mark-to-market for economic hedges — 26 26 Total operating revenues 115 291 406 Less: Contract amortization 5 42 47 Less: Mark-to-market for economic hedges — (26) (26) Less: Lease revenue (104) (237) (341) Total revenue from contracts with customers $ 16 $ 70 $ 86 (a) The following amounts of energy, capacity and other revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 1 $ 233 $ 234 Capacity revenue 82 4 86 Other revenues (b) 21 — 21 Total $ 104 $ 237 $ 341 (b) Includes sales-type lease revenue recognized for the Marsh Landing Black Start addition that reached commercial operations on May 31, 2023. Six months ended June 30, 2024 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 32 $ 555 $ 587 Capacity revenue (a) 130 22 152 Other revenues 3 43 46 Contract amortization (9) (83) (92) Mark-to-market for economic hedges 8 (72) (64) Total operating revenue 164 465 629 Less: Contract amortization 9 83 92 Less: Mark-to-market for economic hedges (8) 72 64 Less: Lease revenue (57) (444) (501) Total revenue from contracts with customers $ 108 $ 176 $ 284 (a) The following amounts of energy and capacity revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 1 $ 427 $ 428 Capacity revenue 56 17 73 Total $ 57 $ 444 $ 501 Six months ended June 30, 2023 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 4 $ 473 $ 477 Capacity revenue (a) 196 10 206 Other revenues (a) 21 39 60 Contract amortization (11) (83) (94) Mark-to-market for economic hedges — 45 45 Total operating revenue 210 484 694 Less: Contract amortization 11 83 94 Less: Mark-to-market for economic hedges — (45) (45) Less: Lease revenue (205) (393) (598) Total revenue from contracts with customers $ 16 $ 129 $ 145 (a) The following amounts of energy, capacity and other revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 2 $ 385 $ 387 Capacity revenue 182 8 190 Other revenues (b) 21 — 21 Total $ 205 $ 393 $ 598 (b) Includes sales-type lease revenue recognized for the Marsh Landing Black Start addition that reached commercial operations on May 31, 2023.
Schedule of Contract with Customer, Asset and Liability	The following table reflects the contract assets and liabilities included on the Company’s consolidated balance sheets: June 30, 2024 December 31, 2023 (In millions) Accounts receivable, net - Contracts with customers $ 100 $ 66 Accounts receivable, net - Leases 155 105 Total accounts receivable, net $ 255 $ 171

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Asset Acquisition	The following is a summary of assets and liabilities transferred in connection with the acquisition as of April 16, 2024: (In millions) Cedar Creek Restricted cash $ 1 Property, plant and equipment 311 Right-of-use assets, net 6 Derivative assets 14 Other current and non-current assets 14 Total assets acquired 346 Long-term debt (a) 309 Long-term lease liabilities 7 Other current and non-current liabilities 13 Total liabilities assumed 329 Net assets acquired $ 17 (a) Includes a $112 million construction loan, a $91 million cash equity bridge loan, and a $109 million tax equity bridge loan, offset by $3 million in unamortized debt issuance costs. See Note 7, Long-term Debt, for further discussion of the long-term debt assumed in the acquisition. The following is a summary of assets and liabilities transferred in connection with the acquisition as of March 15, 2024: (In millions) Texas Solar Nova 2 Restricted cash $ 1 Property, plant and equipment 280 Right-of-use assets, net 21 Derivative assets 6 Other current and non-current assets 4 Total assets acquired 312 Long-term debt (a) 194 Long-term lease liabilities 19 Other current and non-current liabilities 27 Total liabilities assumed 240 Net assets acquired $ 72 (a) Includes an $80 million term loan and a $115 million tax equity bridge loan, offset by $1 million in unamortized debt issuance costs. See Note 7, Long-term Debt, for further discussion of the long-term debt assumed in the acquisition.

Investments Accounted for by _2

Investments Accounted for by the Equity Method and Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	The following table reflects the Company’s equity investments in unconsolidated affiliates as of June 30, 2024: Name Economic Interest Investment Balance (a) (In millions) Avenal 50% $ 7 Desert Sunlight 25% 221 Elkhorn Ridge 67% 11 GenConn (b) 50% 77 San Juan Mesa 75% 5 $ 321 (a) The Company’s maximum exposure to loss is limited to its investment balances. (b) GenConn is a VIE.
Schedule of Variable Interest Entities	Summarized financial information for the Company’s consolidated VIEs consisted of the following as of June 30, 2024: (In millions) Buckthorn Holdings, LLC Cedar Creek TE Holdco LLC Daggett Renewable Holdco LLC (a) DGPV Funds (b) Lighthouse Renewable Holdco LLC (c) Lighthouse Renewable Holdco 2 LLC (d) Other current and non-current assets $ 5 $ 47 $ 240 $ 56 $ 69 $ 153 Property, plant and equipment 181 310 1,369 371 403 1,329 Intangible assets — — — 1 — 2 Total assets 186 357 1,609 428 472 1,484 Current and non-current liabilities 12 124 645 51 140 586 Total liabilities 12 124 645 51 140 586 Noncontrolling interest 10 105 951 9 245 696 Net assets less noncontrolling interest $ 164 $ 128 $ 13 $ 368 $ 87 $ 202 (a) Daggett Renewable Holdco LLC consolidates Daggett TE Holdco LLC and Daggett 2 TE Holdco LLC, which are consolidated VIEs. (b) DGPV Funds is comprised of Clearway & EFS Distributed Solar LLC, Golden Puma Fund LLC, Renew Solar CS4 Fund LLC and Chestnut Fund LLC, which are all tax equity funds. (c) Lighthouse Renewable Holdco LLC consolidates Black Rock TE Holdco LLC and Mililani TE Holdco LLC, which are consolidated VIEs. (d) Lighthouse Renewable Holdco 2 LLC consolidates Mesquite Sky TE Holdco LLC, Mesquite Star Tax Equity Holdco LLC and TSN1 TE Holdco LLC, which are consolidated VIEs. (In millions) Oahu Solar LLC Rattlesnake TE Holdco LLC Rosie TargetCo LLC VP-Arica TargetCo LLC (a) Wildorado TE Holdco LLC Other (b) Other current and non-current assets $ 38 $ 15 $ 56 $ 54 $ 24 $ 46 Property, plant and equipment 153 170 542 1,015 186 340 Intangible assets — — — 2 — 14 Total assets 191 185 598 1,071 210 400 Current and non-current liabilities 22 17 222 40 18 170 Total liabilities 22 17 222 40 18 170 Noncontrolling interest 21 78 314 374 90 149 Net assets less noncontrolling interest $ 148 $ 90 $ 62 $ 657 $ 102 $ 81 (a) VP-Arica TargetCo LLC consolidates VP-Arica TE Holdco LLC, a consolidated VIE that owns the Victory Pass and Arica solar and BESS facilities. (b) Other is comprised of Elbow Creek TE Holdco LLC, Langford TE Partnership LLC, Pinnacle Repowering TE Holdco LLC and the Spring Canyon facilities.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Estimated Carrying Values and Fair Values	The carrying amount and estimated fair value of the Company’s recorded financial instrument not carried at fair market value or that does not approximate fair value is as follows: As of June 30, 2024 As of December 31, 2023 Carrying Amount Fair Value Carrying Amount Fair Value (In millions) Long-term debt, including current portion (a) $ 7,268 $ 6,696 $ 8,102 $ 7,611 (a) Excludes net debt issuance costs, which are recorded as a reduction to long-term debt on the Company’s consolidated balance sheets.
Schedule of Fair Value Option, Disclosures	The following table presents the level within the fair value hierarchy for long-term debt, including current portion: As of June 30, 2024 As of December 31, 2023 Level 2 Level 3 Level 2 Level 3 (In millions) Long-term debt, including current portion $ 1,914 $ 4,782 $ 1,939 $ 5,672
Schedule of Fair Value, Assets and Liabilities	The following table presents assets and liabilities measured and recorded at fair value on the Company’s consolidated balance sheets on a recurring basis and their level within the fair value hierarchy: As of June 30, 2024 As of December 31, 2023 Fair Value (a) Fair Value (a) (In millions) Level 2 (b) Level 3 Level 2 (b) Level 3 Derivative assets: Energy-related commodity contracts (c) $ — $ 3 $ 2 $ — Interest rate contracts 165 — 121 — Other financial instruments (d) — 10 — 13 Total assets $ 165 $ 13 $ 123 $ 13 Derivative liabilities: Energy-related commodity contracts (e) $ 1 $ 394 $ — $ 330 Interest rate contracts — — 2 — Total liabilities $ 1 $ 394 $ 2 $ 330 (a) There were no derivative assets or liabilities classified as Level 1 as of June 30, 2024 and December 31, 2023. (b) The Company’s interest rate swaps are measured at fair value using an income approach, which uses readily observable inputs, such as forward interest rates (e.g., SOFR) and contractual terms to estimate fair value. (c) Includes long-term backbone transportation service contracts classified as Level 2 and short-term heat rate call option contracts classified as Level 3. (d) Includes SREC contract. (e) Includes long-term backbone transportation contracts classified as Level 2 and long-term power commodity contracts and short-term heat rate call option contracts classified as Level 3. As of June 30, 2024 and December 31, 2023, Level 3 amounts include $394 million and $325 million related to long-term power commodity contracts and zero and $5 million related to short-term heat rate call option contracts, respectively. The following table reconciles the beginning and ending balances for instruments that are recognized at fair value in the consolidated financial statements using significant unobservable inputs: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 (In millions) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Beginning balance $ (339) $ (316) $ (317) $ (336) Settlements (3) 5 (6) 9 Total (losses) gains for the period included in earnings (39) 20 (58) 36 Ending balance $ (381) $ (291) $ (381) $ (291) Change in unrealized losses included in earnings for derivatives and other financial instruments held as of June 30, 2024 $ (39) $ (58)
Schedule of Fair Value Measurement Inputs and Valuation Techniques	The following table quantifies the significant unobservable inputs used in developing the fair value of the Company’s Level 3 positions: June 30, 2024 Fair Value Input/Range Assets Liabilities Valuation Technique Significant Unobservable Input Low High Weighted Average (In millions) Long-term Power Commodity Contracts $ — $ 394 Discounted Cash Flow Forward Market Price (per MWh) $ 24.76 $ 95.06 $ 47.19 Heat Rate Call Option Commodity Contracts 3 — Option Model Forward Market Price (per MWh) $ (12.97) $ 1,127.48 $ 60.73 Option Model Forward Market Price (per MMBtu) $ 1.66 $ 13.71 $ 6.03 Other Financial Instruments 10 — Discounted Cash Flow Forecast annual generation levels of certain DG solar facilities 59,425 MWh 118,850 MWh 111,091 MWh The following table provides the impact on the fair value measurements to increases/(decreases) in significant unobservable inputs as of June 30, 2024: Type Significant Unobservable Input Position Change In Input Impact on Fair Value Measurement Energy-Related Commodity Contracts Forward Market Price Power Sell Increase/(Decrease) Lower/(Higher) Energy-Related Commodity Contracts Forward Market Price Gas Sell Increase/(Decrease) Higher/(Lower) Other Financial Instruments Forecast Generation Levels Sell Increase/(Decrease) Higher/(Lower)

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Net Notional Volume Buy/(Sell) of the Company’s Open Derivative Transactions Broken Out by Commodity	The following table summarizes the net notional volume buy/(sell) of the Company’s open derivative transactions broken out by commodity: Total Volume June 30, 2024 December 31, 2023 Commodity Units (In millions) Power MWh (19) (23) Natural Gas MMBtu 17 17 Interest Dollars $ 1,715 $ 2,467
Schedule of Fair Value Within the Derivative Instrument Valuation on the Balance Sheets	The following table summarizes the fair value within the derivative instrument valuation on the consolidated balance sheets: Fair Value Derivative Assets Derivative Liabilities June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 (In millions) Derivatives Designated as Cash Flow Hedges: Interest rate contracts current $ 8 $ 7 $ — $ — Interest rate contracts long-term 19 12 — 2 Total Derivatives Designated as Cash Flow Hedges $ 27 $ 19 $ — $ 2 Derivatives Not Designated as Cash Flow Hedges: Interest rate contracts current $ 40 $ 33 $ — $ — Interest rate contracts long-term 98 69 — — Energy-related commodity contracts current 3 1 59 51 Energy-related commodity contracts long-term — 1 336 279 Total Derivatives Not Designated as Cash Flow Hedges $ 141 $ 104 $ 395 $ 330 Total Derivatives $ 168 $ 123 $ 395 $ 332
Schedule of Offsetting of Derivatives by Counterparty Master Agreement Level and Collateral Received or Paid	The following tables summarize the offsetting of derivatives by counterparty: Gross Amounts Not Offset in the Statement of Financial Position As of June 30, 2024 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Energy-related commodity contracts (In millions) Derivative assets $ 3 $ — $ 3 Derivative liabilities (395) — (395) Total energy-related commodity contracts $ (392) $ — $ (392) Interest rate contracts Derivative assets $ 165 $ — $ 165 Total interest rate contracts $ 165 $ — $ 165 Total derivative instruments $ (227) $ — $ (227) Gross Amounts Not Offset in the Statement of Financial Position As of December 31, 2023 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Energy-related commodity contracts (In millions) Derivative assets $ 2 $ — $ 2 Derivative liabilities (330) — (330) Total energy-related commodity contracts $ (328) $ — $ (328) Interest rate contracts Derivative assets $ 121 $ (2) $ 119 Derivative liabilities (2) 2 — Total interest rate contracts $ 119 $ — $ 119 Total derivative instruments $ (209) $ — $ (209)
Schedule of Effects of Company’s AOCI Balance Attributable to Interest Rate Swaps Designated as Cash Flow Hedge Derivatives, Net of Tax	The following table summarizes the effects on the Company’s accumulated OCI balance attributable to interest rate swaps designated as cash flow hedge derivatives, net of tax: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 (In millions) Accumulated OCI beginning balance $ 17 $ 21 $ 18 $ 24 Reclassified from accumulated OCI to income due to realization of previously deferred amounts (1) (1) (2) (1) Mark-to-market of cash flow hedge accounting contracts 2 4 2 1 Accumulated OCI ending balance, net of income tax expense of $2, $3, $2 and $3, respectively 18 24 18 24 Accumulated OCI attributable to noncontrolling interests 13 15 13 15 Accumulated OCI attributable to Clearway Energy, Inc. $ 5 $ 9 $ 5 $ 9 Gains expected to be realized from OCI during the next 12 months, net of income tax expense of $2 $ 4 $ 4
Schedule of Derivative Gains and Losses	Mark-to-market gains/(losses) related to the Company’s derivatives are recorded in the consolidated statements of income as follows: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 (In millions) Interest Rate Contracts (Interest expense) $ 1 $ 22 $ 24 $ 1 Energy-Related Commodity Contracts (Mark-to-market for economic hedging activities included in Total operating revenues) (a) (38) 32 (61) 50 Energy-Related Commodity Contracts (Mark-to-market for economic hedging activities included in Cost of operations) (b) (1) — (3) — (a) Relates to long-term energy related commodity contracts at Elbow Creek, Mesquite Star, Mt. Storm, Langford and Mesquite Sky and short-term heat rate call option energy-related commodity contracts at El Segundo, Marsh Landing and Walnut Creek. (b)

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	The Company’s borrowings, including short-term and long-term portions, consisted of the following: (In millions, except rates) June 30, 2024 December 31, 2023 June 30, 2024 interest rate % (a) Letters of Credit Outstanding at June 30, 2024 2028 Senior Notes $ 850 $ 850 4.750 2031 Senior Notes 925 925 3.750 2032 Senior Notes 350 350 3.750 Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 (b) — — S+1.500 $ 205 Non-recourse facility-level debt: Agua Caliente Solar LLC, due 2037 603 612 2.395-3.633 14 Alta Wind Asset Management LLC, due 2031 10 11 S+2.775 — Alta Wind I-V lease financing arrangements, due 2034 and 2035 628 660 5.696-7.015 67 Alta Wind Realty Investments LLC, due 2031 19 20 7.000 — Borrego, due 2024 and 2038 47 48 Various 4 Broken Bow, due 2031 38 41 S+2.100 6 Buckthorn Solar, due 2025 115 116 S+2.100 22 Carlsbad Energy Holdings LLC, due 2027 92 93 S+1.900 82 Carlsbad Energy Holdings LLC, due 2038 407 407 4.120 — Carlsbad Holdco, LLC, due 2038 194 195 4.210 6 Cedar Creek, due 2029 110 — S+1.625 19 Cedro Hill, due 2024 and 2029 169 165 S+1.250-1.375 — Crofton Bluffs, due 2031 25 27 S+2.100 3 CVSR, due 2037 585 601 2.339-3.775 12 CVSR Holdco Notes, due 2037 143 152 4.680 — Daggett 2, due 2028 156 156 S+1.762 32 Daggett 3, due 2028 217 217 S+1.762 44 DG-CS Master Borrower LLC, due 2040 378 385 3.510 29 Mililani Class B Member Holdco LLC, due 2028 92 92 S+1.600 18 NIMH Solar, due 2031 and 2033 137 148 S+2.000-2.125 17 Oahu Solar Holdings LLC, due 2026 80 81 S+1.525 11 Rosie Class B LLC, due 2029 192 347 S+1.750 31 Texas Solar Nova 1, due 2028 (c) — 102 — TSN1 Class B Member LLC, due 2029 (c) 181 — S+1.750 53 Utah Solar Holdings, due 2036 238 242 3.590 161 Viento Funding II, LLC, due 2029 167 175 S+1.475 29 Victory Pass and Arica, due 2024 — 757 — Other 117 124 Various 77 Subtotal non-recourse facility-level debt 5,140 5,974 Total debt 7,265 8,099 Less current maturities (412) (558) Less net debt issuance costs (59) (65) Add premiums (d) 3 3 Total long-term debt $ 6,797 $ 7,479 (a) As of June 30, 2024, S+ equals SOFR plus x%. (b) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement, and only applies to outstanding borrowings. (c) On March 15, 2024, Texas Solar Nova 1’s financing agreement was amended to merge the facility-level debt of Texas Solar Nova 1 and Texas Solar Nova 2 as a combined term loan under TSN1 Class B Member LLC. (d) Premiums relate to the 2028 Senior Notes.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic	The reconciliation of the Company’s basic and diluted earnings per share is shown in the following tables: Three months ended June 30, 2024 2023 (In millions, except per share data) (a) Common Class A Common Class C Common Class A Common Class C Basic and diluted income per share attributable to Clearway Energy, Inc. common stockholders Net income attributable to Clearway Energy, Inc. $ 15 $ 36 $ 11 $ 27 Weighted average number of common shares outstanding — basic and diluted 35 82 35 82 Earnings per weighted average common share — basic and diluted $ 0.43 $ 0.43 $ 0.33 $ 0.33 (a) Net income attributable to Clearway Energy, Inc. and basic and diluted earnings per share might not recalculate due to presenting amounts in millions rather than whole dollars. Six months ended June 30, 2024 2023 (In millions, except per share data) (a) Common Class A Common Class C Common Class A Common Class C Basic and diluted income per share attributable to Clearway Energy, Inc. common stockholders Net income attributable to Clearway Energy, Inc. $ 14 $ 35 $ 11 $ 27 Weighted average number of common shares outstanding — basic and diluted 35 82 35 82 Earnings per weighted average common share — basic and diluted $ 0.41 $ 0.41 $ 0.32 $ 0.32 (a) Net income attributable to Clearway Energy, Inc. and basic and diluted earnings per share might not recalculate due to presenting amounts in millions rather than whole dollars.
Schedule of Earnings Per Share, Diluted	The reconciliation of the Company’s basic and diluted earnings per share is shown in the following tables: Three months ended June 30, 2024 2023 (In millions, except per share data) (a) Common Class A Common Class C Common Class A Common Class C Basic and diluted income per share attributable to Clearway Energy, Inc. common stockholders Net income attributable to Clearway Energy, Inc. $ 15 $ 36 $ 11 $ 27 Weighted average number of common shares outstanding — basic and diluted 35 82 35 82 Earnings per weighted average common share — basic and diluted $ 0.43 $ 0.43 $ 0.33 $ 0.33 (a) Net income attributable to Clearway Energy, Inc. and basic and diluted earnings per share might not recalculate due to presenting amounts in millions rather than whole dollars. Six months ended June 30, 2024 2023 (In millions, except per share data) (a) Common Class A Common Class C Common Class A Common Class C Basic and diluted income per share attributable to Clearway Energy, Inc. common stockholders Net income attributable to Clearway Energy, Inc. $ 14 $ 35 $ 11 $ 27 Weighted average number of common shares outstanding — basic and diluted 35 82 35 82 Earnings per weighted average common share — basic and diluted $ 0.41 $ 0.41 $ 0.32 $ 0.32 (a) Net income attributable to Clearway Energy, Inc. and basic and diluted earnings per share might not recalculate due to presenting amounts in millions rather than whole dollars.

Segment Reporting (Tables)

Segment Reporting (Tables) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment			Three months ended June 30, 2024 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 69 $ 297 $ — $ 366 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 26 91 — 117 Depreciation, amortization and accretion 27 126 — 153 General and administrative — — 9 9 Transaction and integration costs — — 3 3 Operating income (loss) 16 80 (12) 84 Equity in earnings of unconsolidated affiliates — 8 — 8 Other income, net 2 7 3 12 Loss on debt extinguishment — (2) — (2) Interest expense (9) (55) (24) (88) Income (loss) before income taxes 9 38 (33) 14 Income tax expense — — 10 10 Net Income (Loss) $ 9 $ 38 $ (43) $ 4 Total Assets $ 2,021 $ 12,431 $ 65 $ 14,517 (a) Includes eliminations. Three months ended June 30, 2023 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 115 $ 291 $ — $ 406 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 40 79 (1) 118 Depreciation, amortization and accretion 32 96 — 128 General and administrative — — 9 9 Transaction and integration costs — — 2 2 Operating income (loss) 43 116 (10) 149 Equity in earnings of unconsolidated affiliates 1 2 — 3 Other income, net 1 3 5 9 Interest expense (8) (23) (24) (55) Income (loss) before income taxes 37 98 (29) 106 Income tax expense — — 22 22 Net Income (Loss) $ 37 $ 98 $ (51) $ 84 (a) Includes eliminations. Six months ended June 30, 2024 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 164 $ 465 $ — $ 629 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 68 176 (1) 243 Depreciation, amortization and accretion 59 248 — 307 General and administrative — — 20 20 Transaction and integration costs — — 4 4 Operating income (loss) 37 41 (23) 55 Equity in earnings of unconsolidated affiliates 1 19 — 20 Other income, net 3 17 8 28 Loss on debt extinguishment — (3) — (3) Interest expense (16) (80) (49) (145) Income (loss) before income taxes 25 (6) (64) (45) Income tax benefit — — (3) (3) Net Income (Loss) $ 25 $ (6) $ (61) $ (42) (a) Includes eliminations. Six months ended June 30, 2023 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 210 $ 484 $ — $ 694 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 69 158 (1) 226 Depreciation, amortization and accretion 65 191 — 256 General and administrative — — 19 19 Transaction and integration costs — — 2 2 Operating income (loss) 76 135 (20) 191 Equity in earnings (losses) of unconsolidated affiliates 2 (2) — — Other income, net 2 4 11 17 Interest expense (19) (87) (48) (154) Income (loss) before income taxes 61 50 (57) 54 Income tax expense — — 10 10 Net Income (Loss) $ 61 $ 50 $ (67) $ 44 (a) Includes eliminations.
Interest expense	$ (88)	$ (55)	$ (145)	$ (154)

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Reconciliation of the U.S. Federal Statutory Rate to the Company's Effective Rate	The income tax provision consisted of the following amounts: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 (In millions, except percentages) Income (loss) before income taxes $ 14 $ 106 $ (45) $ 54 Income tax expense (benefit) 10 22 (3) 10 Effective income tax rate 71.4 % 20.8 % 6.7 % 18.5 %

Nature of Business (Details)

Nature of Business (Details)	6 Months Ended
	Jun. 30, 2024 MW
Nature of Business [Line Items]
Power generation capacity, megawatts (over)	9,000
Clearway Energy, Inc. | Clearway Energy LLC
Nature of Business [Line Items]
Ownership interest (as a percentage)	58.10%
Clearway Energy, Inc. | CEG
Nature of Business [Line Items]
Voting interest (as a percentage)	54.91%
Clearway Energy, Inc. | Public Shareholders
Nature of Business [Line Items]
Voting interest (as a percentage)	45.09%
Clearway Energy LLC | CEG
Nature of Business [Line Items]
Ownership interest (as a percentage)	41.90%
Conventional Generation, Utility-Scale Solar, Distributed Solar, and Wind
Nature of Business [Line Items]
Power generation capacity, megawatts (over)	6,500
Generational Facilities and District Energy Systems
Nature of Business [Line Items]
Power generation capacity, megawatts (over)	2,500

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Aug. 01, 2024	Jun. 30, 2024	Dec. 31, 2023
Cash and Cash Equivalents [Line Items]
Restricted cash, current		$ 344	$ 516
Common Class A | Subsequent Event
Cash and Cash Equivalents [Line Items]
Common stock, dividends, per share, declared (in dollars per share)	$ 0.4171
Common Class C | Subsequent Event
Cash and Cash Equivalents [Line Items]
Common stock, dividends, per share, declared (in dollars per share)	0.4171
Common Class B | Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution made to limited liability (LLC) member, distributions declared, per unit (in dollars per share)	0.4171
Common Class D | Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution made to limited liability (LLC) member, distributions declared, per unit (in dollars per share)	$ 0.4171
Long Term Debt Current
Cash and Cash Equivalents [Line Items]
Restricted cash, current		42
Debt Service Obligations
Cash and Cash Equivalents [Line Items]
Restricted cash, current		89
Cash Distribution
Cash and Cash Equivalents [Line Items]
Restricted cash, current		44
Operating Funds
Cash and Cash Equivalents [Line Items]
Restricted cash		169
Restricted cash, current		169
Project Level Subsidiaries
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents, held at project subsidiaries		$ 191	$ 125

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Cash and Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash and cash equivalents	$ 226	$ 535
Restricted cash	344	516
Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$ 570	$ 1,051	$ 918	$ 996

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Summary of Significant Accounting Policies [Line Items]
Acquisition of Drop Down Assets, net of cash acquired	$ (671)	$ (7)
Drop Down
Summary of Significant Accounting Policies [Line Items]
Cash paid to acquire Drop Down Assets	(673)	(21)
Cash acquired from the acquisition of Drop Down Assets	2	14
Acquisition of Drop Down Assets, net of cash acquired	$ (671)	$ (7)

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Accumulated Amortization and Depreciation (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Property, Plant and Equipment Accumulated Depreciation	$ 3,781	$ 3,485
Intangible Assets Accumulated Amortization	$ 1,101	$ 1,009

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Schedule of Dividends Declared (Details) - $ / shares	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Common Class A
Class of Stock [Line Items]
Dividends per common share (in usd per share)	$ 0.4102	$ 0.4033	$ 0.3818	$ 0.8135	$ 0.7563
Common Class C
Class of Stock [Line Items]
Dividends per common share (in usd per share)	$ 0.4102	$ 0.4033	$ 0.3818	$ 0.8135	$ 0.7563

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Schedule of Distributions Made to Limited Liability Company (LLC) Member, by Distribution (Details) - Clearway Energy LLC - $ / shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Common Class B
Summary of Significant Accounting Policies [Line Items]
Distribution made to limited liability company (LLC) member, distributions paid, per unit (in dollars per share)	$ 0.4102	$ 0.4033
Common Class D
Summary of Significant Accounting Policies [Line Items]
Distribution made to limited liability company (LLC) member, distributions paid, per unit (in dollars per share)	$ 0.4102	$ 0.4033

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Operating revenues	$ 366	$ 406	$ 629	$ 694
Total operating revenues	$ 366	$ 406	$ 629	$ 694
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Total operating revenues	Total operating revenues	Total operating revenues	Total operating revenues
Operating Segments
Disaggregation of Revenue [Line Items]
Operating revenues	$ 366	$ 406	$ 629	$ 694
Contract amortization	(46)	(47)	(92)	(94)
Mark-to-market for economic hedges	(42)	26	(64)	45
Total operating revenues	366	406	629	694
Less: Contract amortization	46	47	92	94
Less: Mark-to-market for economic hedges	42	(26)	64	(45)
Less: Lease revenue	(295)	(341)	(501)	(598)
Total revenue from contracts with customers	159	86	284	145
Total	295	341	501	598
Operating Segments | Conventional Generation
Disaggregation of Revenue [Line Items]
Operating revenues	69	115	164	210
Contract amortization	(4)	(5)	(9)	(11)
Mark-to-market for economic hedges	(5)	0	8	0
Total operating revenues	69	115	164	210
Less: Contract amortization	4	5	9	11
Less: Mark-to-market for economic hedges	5	0	(8)	0
Less: Lease revenue	(28)	(104)	(57)	(205)
Total revenue from contracts with customers	50	16	108	16
Total	28	104	57	205
Operating Segments | Renewables
Disaggregation of Revenue [Line Items]
Operating revenues	297	291	465	484
Contract amortization	(42)	(42)	(83)	(83)
Mark-to-market for economic hedges	(37)	26	(72)	45
Total operating revenues	297	291	465	484
Less: Contract amortization	42	42	83	83
Less: Mark-to-market for economic hedges	37	(26)	72	(45)
Less: Lease revenue	(267)	(237)	(444)	(393)
Total revenue from contracts with customers	109	70	176	129
Total	267	237	444	393
Operating Segments | Energy revenue
Disaggregation of Revenue [Line Items]
Operating revenues	344	278	587	477
Total operating revenues	344	278	587	477
Less: Lease revenue	(258)	(234)	(428)	(387)
Total	258	234	428	387
Operating Segments | Energy revenue | Conventional Generation
Disaggregation of Revenue [Line Items]
Operating revenues	10	3	32	4
Total operating revenues	10	3	32	4
Less: Lease revenue	0	(1)	(1)	(2)
Total	0	1	1	2
Operating Segments | Energy revenue | Renewables
Disaggregation of Revenue [Line Items]
Operating revenues	334	275	555	473
Total operating revenues	334	275	555	473
Less: Lease revenue	(258)	(233)	(427)	(385)
Total	258	233	427	385
Operating Segments | Capacity revenue
Disaggregation of Revenue [Line Items]
Operating revenues	80	101	152	206
Total operating revenues	80	101	152	206
Less: Lease revenue	(37)	(86)	(73)	(190)
Total	37	86	73	190
Operating Segments | Capacity revenue | Conventional Generation
Disaggregation of Revenue [Line Items]
Operating revenues	67	96	130	196
Total operating revenues	67	96	130	196
Less: Lease revenue	(28)	(82)	(56)	(182)
Total	28	82	56	182
Operating Segments | Capacity revenue | Renewables
Disaggregation of Revenue [Line Items]
Operating revenues	13	5	22	10
Total operating revenues	13	5	22	10
Less: Lease revenue	(9)	(4)	(17)	(8)
Total	9	4	17	8
Operating Segments | Other revenue
Disaggregation of Revenue [Line Items]
Operating revenues	30	48	46	60
Total operating revenues	30	48	46	60
Less: Lease revenue		(21)		(21)
Total		21		21
Operating Segments | Other revenue | Conventional Generation
Disaggregation of Revenue [Line Items]
Operating revenues	1	21	3	21
Total operating revenues	1	21	3	21
Less: Lease revenue		(21)		(21)
Total		21		21
Operating Segments | Other revenue | Renewables
Disaggregation of Revenue [Line Items]
Operating revenues	29	27	43	39
Total operating revenues	$ 29	27	$ 43	39
Less: Lease revenue		0		0
Total		$ 0		$ 0

Summary of Significant Accou_11

Summary of Significant Accounting Policies - Schedule of Contract with Customer, Asset and Liability (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable, net	$ 255	$ 171
Accounts receivable, net - Contracts with customers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable, net	100	66
Accounts receivable, net - Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable, net	$ 155	$ 105

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Millions	Apr. 16, 2024 USD ($) MW	Mar. 15, 2024 USD ($) MW	Jun. 30, 2024 MW
Schedule of Asset Acquisition [Line Items]
Power generation capacity, megawatts (over) | MW			9,000
Cedar Creek Drop Down
Schedule of Asset Acquisition [Line Items]
Net assets acquired	$ 17
Texas Solar Nova 2 Drop Down
Schedule of Asset Acquisition [Line Items]
Net assets acquired		$ 72
Texas Solar Nova 2 Drop Down | Clearway Renew LLC
Schedule of Asset Acquisition [Line Items]
Payments to acquire productive assets		17
Texas Solar Nova 2 Drop Down | CEG
Schedule of Asset Acquisition [Line Items]
Payments to fund project reserve accounts		9
Texas Solar Nova 2 Drop Down | TSN1 TE Holdco LLC | Cash Equity Investor
Schedule of Asset Acquisition [Line Items]
Payments to acquire productive assets		$ 95
Alternative Energy | Cedar Creek Wind Holdco LLC | Cedar Creek Drop Down | Cedar Creek TE Holdco LLC
Schedule of Asset Acquisition [Line Items]
Power generation capacity, megawatts (over) | MW	160
Payments to acquire productive assets	$ 117
Power purchase agreement period (in years)	25 years
Alternative Energy | Lighthouse Renewable Holdco 2 LLC | Texas Solar Nova 2 Drop Down | TSN1 TE Holdco LLC
Schedule of Asset Acquisition [Line Items]
Power generation capacity, megawatts (over) | MW		200
Payments to acquire productive assets		$ 112
Power purchase agreement period (in years)		18 years

Acquisitions and Dispositions -

Acquisitions and Dispositions - Schedule of Asset Acquisition (Details) - USD ($) $ in Millions	Apr. 16, 2024	Mar. 15, 2024
Texas Solar Nova 2 Drop Down
Schedule of Asset Acquisition [Line Items]
Restricted cash		$ 1
Property, plant and equipment		280
Right-of-use assets, net		21
Derivative assets		6
Other current and non-current assets		4
Total assets acquired		312
Long-term debt		194
Long-term lease liabilities		19
Other current and non-current liabilities		27
Total liabilities assumed		240
Net assets acquired		72
Unamortized debt issuance costs		1
Texas Solar Nova 2 Drop Down | Term Loan
Schedule of Asset Acquisition [Line Items]
Long-term debt		80
Texas Solar Nova 2 Drop Down | Tax Equity Bridge Loan
Schedule of Asset Acquisition [Line Items]
Long-term debt		$ 115
Cedar Creek Drop Down
Schedule of Asset Acquisition [Line Items]
Restricted cash	$ 1
Property, plant and equipment	311
Right-of-use assets, net	6
Derivative assets	14
Other current and non-current assets	14
Total assets acquired	346
Long-term debt	309
Long-term lease liabilities	7
Other current and non-current liabilities	13
Total liabilities assumed	329
Net assets acquired	17
Unamortized debt issuance costs	3
Cedar Creek Drop Down | Construction Loan
Schedule of Asset Acquisition [Line Items]
Long-term debt	112
Cedar Creek Drop Down | Sponsor Equity Loan
Schedule of Asset Acquisition [Line Items]
Long-term debt	91
Cedar Creek Drop Down | Tax Equity Bridge Loan
Schedule of Asset Acquisition [Line Items]
Long-term debt	$ 109

Investments Accounted for by _3

Investments Accounted for by the Equity Method and Variable Interest Entities - Schedule of Equity Method Investments (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Investment Balance	$ 321	$ 360
Avenal
Schedule of Equity Method Investments [Line Items]
Economic Interest	50%
Investment Balance	$ 7
Desert Sunlight
Schedule of Equity Method Investments [Line Items]
Economic Interest	25%
Investment Balance	$ 221
Elkhorn Ridge
Schedule of Equity Method Investments [Line Items]
Economic Interest	67%
Investment Balance	$ 11
GenConn
Schedule of Equity Method Investments [Line Items]
Economic Interest	50%
Investment Balance	$ 77
San Juan Mesa
Schedule of Equity Method Investments [Line Items]
Economic Interest	75%
Investment Balance	$ 5

Investments Accounted for by _4

Investments Accounted for by the Equity Method and Variable Interest Entities - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 13, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Equity investments in affiliates	$ 321		$ 360
Rosie Central BESS
Schedule of Equity Method Investments [Line Items]
Equity investments in affiliates		$ 28

Investments Accounted for by _5

Investments Accounted for by the Equity Method and Variable Interest Entities - Schedule of Variable Interest Entities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	$ 3,544	$ 3,615
Property, plant and equipment	9,952	9,526
Total Assets	14,517	14,701
Total liabilities	8,800	$ 9,706
Buckthorn Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	5
Property, plant and equipment	181
Intangible assets	0
Total Assets	186
Total liabilities	12
Noncontrolling interest	10
Net assets less noncontrolling interest	164
Cedar Creek TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	47
Property, plant and equipment	310
Intangible assets	0
Total Assets	357
Total liabilities	124
Noncontrolling interest	105
Net assets less noncontrolling interest	128
Daggett Renewable Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	240
Property, plant and equipment	1,369
Intangible assets	0
Total Assets	1,609
Total liabilities	645
Noncontrolling interest	951
Net assets less noncontrolling interest	13
DGPV Funds
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	56
Property, plant and equipment	371
Intangible assets	1
Total Assets	428
Total liabilities	51
Noncontrolling interest	9
Net assets less noncontrolling interest	368
Lighthouse Renewable Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	69
Property, plant and equipment	403
Intangible assets	0
Total Assets	472
Total liabilities	140
Noncontrolling interest	245
Net assets less noncontrolling interest	87
Lighthouse Renewable Holdco 2 LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	153
Property, plant and equipment	1,329
Intangible assets	2
Total Assets	1,484
Total liabilities	586
Noncontrolling interest	696
Net assets less noncontrolling interest	202
Oahu Solar LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	38
Property, plant and equipment	153
Intangible assets	0
Total Assets	191
Total liabilities	22
Noncontrolling interest	21
Net assets less noncontrolling interest	148
Rattlesnake TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	15
Property, plant and equipment	170
Intangible assets	0
Total Assets	185
Total liabilities	17
Noncontrolling interest	78
Net assets less noncontrolling interest	90
Rosie TargetCo LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	56
Property, plant and equipment	542
Intangible assets	0
Total Assets	598
Total liabilities	222
Noncontrolling interest	314
Net assets less noncontrolling interest	62
VP Arica TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	54
Property, plant and equipment	1,015
Intangible assets	2
Total Assets	1,071
Total liabilities	40
Noncontrolling interest	374
Net assets less noncontrolling interest	657
Wildorado TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	24
Property, plant and equipment	186
Intangible assets	0
Total Assets	210
Total liabilities	18
Noncontrolling interest	90
Net assets less noncontrolling interest	102
Other
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	46
Property, plant and equipment	340
Intangible assets	14
Total Assets	400
Total liabilities	170
Noncontrolling interest	149
Net assets less noncontrolling interest	$ 81

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of Estimated Carrying Values and Fair Value Option (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 7,268	$ 8,102
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	6,696	7,611
Fair Value | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	1,914	1,939
Fair Value | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 4,782	$ 5,672

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Schedule of Fair Value, Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	$ 168				$ 168		$ 123
Derivative Liabilities	395				$ 395		332
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in unrealized losses included in earnings for derivatives and other financial instruments held as of June 30, 2024	$ 1	$ (1)	$ 3	$ (3)
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Derivative instruments		Derivative instruments		Derivative instruments	Derivative instruments
El Segundo, Marsh Landing and Walnut Creek Notes | Call Option
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of long term debt	$ 394				$ 394		325
Fair value of short term debt	0				0		5
Fair Value, Recurring
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Ending balance	(381)		$ (291)		(381)	$ (291)
Change in unrealized losses included in earnings for derivatives and other financial instruments held as of June 30, 2024	(39)				(58)
Level 2 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	165				165		123
Derivative Liabilities	1				1		2
Level 3 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	13				13		13
Derivative Liabilities	394				394		330
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	(339)	(317)	(316)	(336)	(317)	(336)
Settlements	(3)		5		(6)	9
Total (losses) gains for the period included in earnings	(39)		20		(58)	36
Ending balance		$ (339)		$ (316)
Energy-related commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	3				3		2
Derivative Liabilities	395				395		330
Energy-related commodity contracts | Level 2 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	0				0		2
Derivative Liabilities	1				1		0
Energy-related commodity contracts | Level 3 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	3				3		0
Derivative Liabilities	394				394		330
Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	165				165		121
Derivative Liabilities							2
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in unrealized losses included in earnings for derivatives and other financial instruments held as of June 30, 2024	1		$ 22		24	$ 1
Interest rate contracts | Level 2 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	165				165		121
Derivative Liabilities	0				0		2
Interest rate contracts | Level 3 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	0				0		0
Derivative Liabilities	0				0		0
Other Financial Instruments | Level 2 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	0				0		0
Other Financial Instruments | Level 3 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	$ 10				$ 10		$ 13

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Narrative (Details) $ in Millions	Jun. 30, 2024 USD ($)
Fair Value Disclosures [Abstract]
Percent of derivative assets using level 3 fair value inputs	2%
Percent of financial instruments using level 3 fair value inputs	100%
Fair value assets, measured on recurring basis, valuation techniques, impact of credit reserve to fair value	$ 14

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Significant Unobservable Inputs (Details) - Level 3 - Fair Value, Recurring $ in Millions	Jun. 30, 2024 USD ($) MWh $ / MWh $ / BTU
Low | Measurement Input, Commodity Forward Price | Valuation Technique, Option Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input | $ / BTU	1.66
High | Measurement Input, Commodity Forward Price | Valuation Technique, Option Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input | $ / BTU	13.71
Weighted Average | Measurement Input, Commodity Forward Price | Valuation Technique, Option Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input | $ / BTU	6.03
Long-term Power Commodity Contracts | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets | $	$ 0
Liabilities | $	$ 394
Long-term Power Commodity Contracts | Low | Measurement Input, Commodity Forward Price | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input | $ / MWh	24.76
Long-term Power Commodity Contracts | High | Measurement Input, Commodity Forward Price | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input | $ / MWh	95.06
Long-term Power Commodity Contracts | Weighted Average | Measurement Input, Commodity Forward Price | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input | $ / MWh	47.19
Heat Rate Call Option Commodity Contracts | Measurement Input, Commodity Forward Price | Valuation Technique, Option Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets | $	$ 3
Liabilities | $	$ 0
Heat Rate Call Option Commodity Contracts | Low | Measurement Input, Commodity Forward Price | Valuation Technique, Option Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input | $ / MWh	(12.97)
Heat Rate Call Option Commodity Contracts | High | Measurement Input, Commodity Forward Price | Valuation Technique, Option Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input | $ / MWh	1,127.48
Heat Rate Call Option Commodity Contracts | Weighted Average | Measurement Input, Commodity Forward Price | Valuation Technique, Option Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input | $ / MWh	60.73
Other Financial Instruments | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets | $	$ 10
Liabilities | $	$ 0
Other Financial Instruments | Low | Measurement Input, Commodity Forward Price | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input | MWh	59,425
Other Financial Instruments | High | Measurement Input, Commodity Forward Price | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input | MWh	118,850
Other Financial Instruments | Weighted Average | Measurement Input, Commodity Forward Price | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input | MWh	111,091

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Schedule of Net Notional Volume Buy/(Sell) of the Company’s Open Derivative Transactions Broken Out by Commodity (Details) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) MWh BTU	Dec. 31, 2023 USD ($) MWh BTU
Long | Interest
Derivatives, Fair Value [Line Items]
Derivative, notional amount | $	$ 1,715	$ 2,467
Heat Rate Call Option Commodity Contracts | Short | Power
Derivatives, Fair Value [Line Items]
Derivative nonmonetary notional amount (energy measure) | MWh	19	23
Heat Rate Call Option Commodity Contracts | Short | Natural Gas
Derivatives, Fair Value [Line Items]
Derivative nonmonetary notional amount (energy measure) | BTU	17	17

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Schedule of Fair Value Within the Derivative Instrument Valuation on the Balance Sheets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative Assets	$ 168	$ 123
Derivative Liabilities	395	332
Derivatives Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	27	19
Derivative Liabilities	0	2
Derivatives Not Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	141	104
Derivative Liabilities	395	330
Interest rate contracts current | Derivatives Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	8	7
Derivative Liabilities	0	0
Interest rate contracts current | Derivatives Not Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	40	33
Derivative Liabilities	0	0
Interest rate contracts long-term | Derivatives Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	19	12
Derivative Liabilities	0	2
Interest rate contracts long-term | Derivatives Not Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	98	69
Derivative Liabilities	0	0
Energy-related commodity contracts current | Derivatives Not Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	3	1
Derivative Liabilities	59	51
Energy-related commodity contracts long-term | Derivatives Not Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	0	1
Derivative Liabilities	$ 336	$ 279

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Schedule of Offsetting of Derivatives by Counterparty Master Agreement Level and Collateral Received or Paid (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative assets, gross	$ 168	$ 123
Derivative liabilities, gross	(395)	(332)
Fair value of gross derivative assets/(liabilities), net	(227)	(209)
Derivative instruments	0	0
Net amount	(227)	(209)
Energy-related commodity contracts
Derivatives, Fair Value [Line Items]
Derivative assets, gross	3	2
Derivative instruments, assets	0	0
Net amount	3	2
Derivative liabilities, gross	(395)	(330)
Derivative instruments, liabilities	0	0
Derivative liability, Net Amount	(395)	(330)
Fair value of gross derivative assets/(liabilities), net	(392)	(328)
Derivative instruments	0	0
Net amount	(392)	(328)
Interest rate contracts
Derivatives, Fair Value [Line Items]
Derivative assets, gross	165	121
Derivative instruments, assets	0	(2)
Net amount	165	119
Derivative liabilities, gross		(2)
Derivative instruments, liabilities		2
Derivative liability, Net Amount		0
Fair value of gross derivative assets/(liabilities), net	165	119
Derivative instruments	0	0
Net amount	$ 165	$ 119

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Schedule of Effects of Company’s AOCI Balance Attributable to Interest Rate Swaps Designated as Cash Flow Hedge Derivatives, Net of Tax (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	$ 5,045	$ 4,153	$ 4,994	$ 4,026
Mark-to-market of cash flow hedge accounting contracts	1	3	0	0
Balance at end of period	5,711	4,127	5,711	4,127
Accumulated other comprehensive income	5		5		$ 7
Gains expected to be realized from OCI during the next 12 months, net of income tax expense of $2	4		4
Accumulated OCL ending balance, income tax expense	2	3	2	3
Gains expected to be realized from OCL during the next 12 months, tax expense	2	2	2	2
Accumulated OCI (OCL)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	17	21	18	24
Balance at end of period	18	24	18	24
Accumulated Foreign Currency Adjustment Including Portion Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassified from accumulated OCI to income due to realization of previously deferred amounts	(1)	(1)	(2)	(1)
Mark-to-market of cash flow hedge accounting contracts	2	4	2	1
Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	2,987	2,006	2,893	1,792
Balance at end of period	3,561	1,987	3,561	1,987
Accumulated other comprehensive income	13	15	13	15
Accumulated Other Comprehensive Income
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	5	8	7	9
Balance at end of period	5	9	5	9
Accumulated other comprehensive income	$ 5	$ 9	$ 5	$ 9

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Schedule of Derivative Gains and Losses (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	$ 1	$ (1)	$ 3	$ (3)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	1		22		$ 24	$ 1
Energy-Related Commodity Contracts - Operating Revenue
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	(38)		32		(61)	50
Energy-Related Commodity Contracts - Cost of Operation
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	$ (1)		$ 0		$ (3)	$ 0

Long-term Debt - Schedule of De

Long-term Debt - Schedule of Debt (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total debt	$ 7,265	$ 8,099
Less current maturities	(412)	(558)
Less net debt issuance costs	(59)	(65)
Add premiums	3	3
Total long-term debt	6,797	7,479
2028 Senior Notes
Debt Instrument [Line Items]
Total debt	$ 850	850
Interest rate, percentage	4.75%
2031 Senior Notes
Debt Instrument [Line Items]
Total debt	$ 925	925
Interest rate, percentage	3.75%
2032 Senior Notes
Debt Instrument [Line Items]
Total debt	$ 350	350
Interest rate, percentage	3.75%
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028
Debt Instrument [Line Items]
Total debt	$ 0	0
Basis spread on variable rate	1.50%
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 205
Agua Caliente Solar LLC, due 2037
Debt Instrument [Line Items]
Total debt	$ 603	612
Agua Caliente Solar LLC, due 2037 | Minimum
Debt Instrument [Line Items]
Interest rate, percentage	2.395%
Agua Caliente Solar LLC, due 2037 | Maximum
Debt Instrument [Line Items]
Interest rate, percentage	3.633%
Agua Caliente Solar LLC, due 2037 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 14
Alta Wind Asset Management LLC, due 2031
Debt Instrument [Line Items]
Total debt	$ 10	11
Basis spread on variable rate	2.775%
Alta Wind Asset Management LLC, due 2031 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 0
Alta Wind I-V lease financing arrangements, due 2034 and 2035
Debt Instrument [Line Items]
Total debt	$ 628	660
Alta Wind I-V lease financing arrangements, due 2034 and 2035 | Minimum
Debt Instrument [Line Items]
Interest rate, percentage	5.696%
Alta Wind I-V lease financing arrangements, due 2034 and 2035 | Maximum
Debt Instrument [Line Items]
Interest rate, percentage	7.015%
Alta Wind I-V lease financing arrangements, due 2034 and 2035 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 67
Alta Wind Realty Investments LLC, due 2031
Debt Instrument [Line Items]
Total debt	$ 19	20
Interest rate, percentage	7%
Alta Wind Realty Investments LLC, due 2031 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 0
Borrego, due 2024 and 2038
Debt Instrument [Line Items]
Total debt	47	48
Borrego, due 2024 and 2038 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	4
Broken Bow, due 2031
Debt Instrument [Line Items]
Total debt	$ 38	41
Basis spread on variable rate	2.10%
Broken Bow, due 2031 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 6
Buckthorn Solar, due 2025
Debt Instrument [Line Items]
Total debt	$ 115	116
Basis spread on variable rate	2.10%
Buckthorn Solar, due 2025 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 22
Carlsbad Energy Holdings LLC, due 2027
Debt Instrument [Line Items]
Total debt	$ 92	93
Basis spread on variable rate	1.90%
Carlsbad Energy Holdings LLC, due 2027 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 82
Carlsbad Energy Holdings LLC, due 2038
Debt Instrument [Line Items]
Total debt	$ 407	407
Interest rate, percentage	4.12%
Carlsbad Energy Holdings LLC, due 2038 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 0
Carlsbad Holdco, LLC, due 2038
Debt Instrument [Line Items]
Total debt	$ 194	195
Interest rate, percentage	4.21%
Carlsbad Holdco, LLC, due 2038 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 6
Cedar Creek, due 2029
Debt Instrument [Line Items]
Total debt	$ 110	0
Interest rate, percentage	1.625%
Cedar Creek, due 2029 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 19
Cedro Hill, due 2024 and 2029
Debt Instrument [Line Items]
Total debt	$ 169	165
Cedro Hill, due 2024 and 2029 | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
Cedro Hill, due 2024 and 2029 | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	1.375%
Cedro Hill, due 2024 and 2029 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 0
Crofton Bluffs, due 2031
Debt Instrument [Line Items]
Total debt	$ 25	27
Basis spread on variable rate	2.10%
Crofton Bluffs, due 2031 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 3
CVSR, due 2037
Debt Instrument [Line Items]
Total debt	$ 585	601
CVSR, due 2037 | Minimum
Debt Instrument [Line Items]
Interest rate, percentage	2.339%
CVSR, due 2037 | Maximum
Debt Instrument [Line Items]
Interest rate, percentage	3.775%
CVSR, due 2037 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 12
CVSR Holdco Notes, due 2037
Debt Instrument [Line Items]
Total debt	$ 143	152
Interest rate, percentage	4.68%
CVSR Holdco Notes, due 2037 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 0
Daggett 2, due 2028
Debt Instrument [Line Items]
Total debt	$ 156	156
Interest rate, percentage	1.762%
Daggett 2, due 2028 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 32
Daggett 3, due 2028
Debt Instrument [Line Items]
Total debt	$ 217	217
Basis spread on variable rate	1.762%
Daggett 3, due 2028 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 44
DG-CS Master Borrower LLC, due 2040
Debt Instrument [Line Items]
Total debt	$ 378	385
Interest rate, percentage	3.51%
DG-CS Master Borrower LLC, due 2040 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 29
Mililani Class B Member Holdco LLC, due 2028
Debt Instrument [Line Items]
Total debt	$ 92	92
Basis spread on variable rate	1.60%
Mililani Class B Member Holdco LLC, due 2028 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 18
NIMH Solar, due 2031 and 2033
Debt Instrument [Line Items]
Total debt	$ 137	148
NIMH Solar, due 2031 and 2033 | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	2%
NIMH Solar, due 2031 and 2033 | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	2.125%
NIMH Solar, due 2031 and 2033 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 17
Oahu Solar Holdings LLC, due 2026
Debt Instrument [Line Items]
Total debt	$ 80	81
Basis spread on variable rate	1.525%
Oahu Solar Holdings LLC, due 2026 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 11
Rosie Class B LLC, due 2029
Debt Instrument [Line Items]
Total debt	$ 192	347
Rosie Class B LLC, due 2029 | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Rosie Class B LLC, due 2029 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 31
Texas Solar Nova 1, due 2028
Debt Instrument [Line Items]
Total debt	0	102
Texas Solar Nova 1, due 2028 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	0
TSN1 Class B Member LLC, due 2029
Debt Instrument [Line Items]
Total debt	$ 181	0
TSN1 Class B Member LLC, due 2029 | Letter of Credit
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Letters of credit outstanding	$ 53
Utah Solar Holdings, due 2036
Debt Instrument [Line Items]
Total debt	$ 238	242
Interest rate, percentage	3.59%
Utah Solar Holdings, due 2036 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 161
Viento Funding II, LLC, due 2029
Debt Instrument [Line Items]
Total debt	$ 167	175
Basis spread on variable rate	1.475%
Viento Funding II, LLC, due 2029 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 29
Victory Pass and Arica, due 2024
Debt Instrument [Line Items]
Total debt	0	757
Victory Pass and Arica, due 2024 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	0
Other
Debt Instrument [Line Items]
Total debt	117	124
Other | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	77
Subtotal non-recourse facility-level debt
Debt Instrument [Line Items]
Total debt	$ 5,140	$ 5,974

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) - USD ($)							6 Months Ended
	Jul. 25, 2024	Jun. 13, 2024	Jun. 11, 2024	May 01, 2024	Apr. 16, 2024	Mar. 15, 2024	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Equity investments in affiliates							$ 321,000,000	$ 360,000,000
Rosie Central BESS
Debt Instrument [Line Items]
Equity investments in affiliates		$ 28,000,000
Rosie Class B LLC
Debt Instrument [Line Items]
Long-term debt		21,000,000
Payments for other fees		11,000,000
Rosie Class B LLC | Cash Equity Investor
Debt Instrument [Line Items]
Remaining balance to distribute		44,000,000
Rosie Class B LLC | CEG
Debt Instrument [Line Items]
Contributions from noncontrolling interests, net of distributions		39,000,000
Expected contributions upon substantial completion		56,000,000
NIMH Solar
Debt Instrument [Line Items]
Repayments of debt			$ 146,000,000
Victory Pass and Arica, due 2024
Debt Instrument [Line Items]
Long-term debt				$ 75,000,000
Payments for other fees				18,000,000
Victory Pass and Arica, due 2024 | Cash Equity Investor
Debt Instrument [Line Items]
Expected contributions upon substantial completion				347,000,000
Victory Pass and Arica, due 2024 | CEG
Debt Instrument [Line Items]
Contributions from noncontrolling interests, net of distributions				103,000,000
Expected contributions upon substantial completion				52,000,000
Victory Pass and Arica, due 2024 | Tax Equity Investors
Debt Instrument [Line Items]
Expected contributions upon substantial completion				410,000,000
Long-term debt, additions							62,000,000
Cedar Creek Drop Down
Debt Instrument [Line Items]
Long-term debt					$ 309,000,000
Payments for other fees					6,000,000
Unamortized debt issuance costs					3,000,000
Asset Acquisition, Fund Construction Completion Reserves					16,000,000
Texas Solar Nova 2
Debt Instrument [Line Items]
Long-term debt						$ 19,000,000
Payments for other fees						4,000,000
Unamortized debt issuance costs						1,000,000
Texas Solar Nova 2 | CEG
Debt Instrument [Line Items]
Contributions from noncontrolling interests, net of distributions						9,000,000
Rosie TargetCo LLC | Rosie Class B LLC | Cash Equity Investor
Debt Instrument [Line Items]
Long-term debt		215,000,000
Rosie Class B LLC | Rosie Class B LLC | Rosie Central BESS
Debt Instrument [Line Items]
Equity investments in affiliates							28,000,000
Letter of Credit | Natural Gas CA Holdco LLC LC Facility | Subsequent Event
Debt Instrument [Line Items]
Long-term debt	$ 200,000,000
Maturity (in years)	3 years
Letter of Credit | Natural Gas CA Holdco LLC LC Facility | Subsequent Event | Minimum
Debt Instrument [Line Items]
Extension period (in years)	1 year
Letter of Credit | NIMH Solar
Debt Instrument [Line Items]
Long-term debt			17,000,000
Tax Equity Bridge Loan | Rosie Class B LLC
Debt Instrument [Line Items]
Long-term debt		186,000,000
Tax Equity Bridge Loan | Victory Pass and Arica, due 2024
Debt Instrument [Line Items]
Long-term debt				468,000,000
Tax Equity Bridge Loan | Cedar Creek Drop Down
Debt Instrument [Line Items]
Long-term debt					109,000,000
Tax Equity Bridge Loan | Texas Solar Nova 2
Debt Instrument [Line Items]
Long-term debt						115,000,000
Term Loan | NIMH Solar
Debt Instrument [Line Items]
Long-term debt			$ 137,000,000
Term Loan | Texas Solar Nova 2
Debt Instrument [Line Items]
Long-term debt						80,000,000
Tax Equity Investors | Cedar Creek Drop Down
Debt Instrument [Line Items]
Long-term debt					108,000,000
Tax Equity Investors | Texas Solar Nova 2
Debt Instrument [Line Items]
Long-term debt						$ 130,000,000
Cash Equity Bridge Loan | Victory Pass and Arica, due 2024
Debt Instrument [Line Items]
Repayments of debt				351,000,000
Construction Loan | Rosie Class B LLC
Debt Instrument [Line Items]
Long-term debt, additions		115,000,000
Construction Loan | Cedar Creek Drop Down
Debt Instrument [Line Items]
Long-term debt					112,000,000
Long-term debt, additions					110,000,000
Asset acquisition, partial payment of long term debt					2,000,000
Sponsor Equity Loan | Cedar Creek Drop Down
Debt Instrument [Line Items]
Long-term debt					$ 91,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, fair value of amount outstanding							0
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding							$ 205,000,000
Clearway Renew LLC | Rosie Class B LLC
Debt Instrument [Line Items]
Long-term debt		64,000,000
Clearway Renew LLC | Rosie TargetCo LLC | Rosie Class B LLC
Debt Instrument [Line Items]
Payments to acquire productive assets		279,000,000
Clearway Renew LLC | Rosie Class B LLC | Rosie Class B LLC
Debt Instrument [Line Items]
Repayments of debt		$ 184,000,000
Clearway Renew LLC | VP-Arica TargetCo LLC | Victory Pass and Arica, due 2024
Debt Instrument [Line Items]
Payments to acquire productive assets				$ 165,000,000

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Reconciliation of Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Basic and diluted income per share attributable to Clearway Energy, Inc. common stockholders
Net income attributable to Clearway Energy, Inc.	$ 51	$ 38	$ 49	$ 38
Common Class A
Basic and diluted income per share attributable to Clearway Energy, Inc. common stockholders
Net income attributable to Clearway Energy, Inc.	$ 15	$ 11	$ 14	$ 11
Weighted average number of common shares outstanding - basic (in shares)	35	35	35	35
Weighted average number of common shares outstanding - diluted (in shares)	35	35	35	35
Earnings per weighted average common share — basic (in dollars per share)	$ 0.43	$ 0.33	$ 0.41	$ 0.32
Earnings per weighted average common share — diluted (in dollars per share)	$ 0.43	$ 0.33	$ 0.41	$ 0.32
Common Class C
Basic and diluted income per share attributable to Clearway Energy, Inc. common stockholders
Net income attributable to Clearway Energy, Inc.	$ 36	$ 27	$ 35	$ 27
Weighted average number of common shares outstanding - basic (in shares)	82	82	82	82
Weighted average number of common shares outstanding - diluted (in shares)	82	82	82	82
Earnings per weighted average common share — basic (in dollars per share)	$ 0.43	$ 0.33	$ 0.41	$ 0.32
Earnings per weighted average common share — diluted (in dollars per share)	$ 0.43	$ 0.33	$ 0.41	$ 0.32

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Operating revenues	$ 366	$ 406	$ 629	$ 694
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	117	118	243	226
Depreciation, amortization and accretion	153	128	307	256
General and administrative	9	9	20	19
Transaction and integration costs	3	2	4	2
Operating income (loss)	84	149	55	191
Equity in earnings of unconsolidated affiliates	8	3	20	0
Other income, net	12	9	28	17
Loss on debt extinguishment	(2)	0	(3)	0
Interest expense	(88)	(55)	(145)	(154)
Income (loss) before income taxes	14	106	(45)	54
Income tax expense (benefit)	10	22	(3)	10
Net Income (Loss)	4	84	(42)	44
Total Assets	14,517		14,517		$ 14,701
Operating Segments
Segment Reporting Information [Line Items]
Operating revenues	366	406	629	694
Operating Segments | Conventional Generation
Segment Reporting Information [Line Items]
Operating revenues	69	115	164	210
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	26	40	68	69
Depreciation, amortization and accretion	27	32	59	65
General and administrative	0	0	0	0
Transaction and integration costs	0	0	0	0
Operating income (loss)	16	43	37	76
Equity in earnings of unconsolidated affiliates	0	1	1	2
Other income, net	2	1	3	2
Loss on debt extinguishment	0		0
Interest expense	(9)	(8)	(16)	(19)
Income (loss) before income taxes	9	37	25	61
Income tax expense (benefit)	0	0	0	0
Net Income (Loss)	9	37	25	61
Total Assets	2,021		2,021
Operating Segments | Renewables
Segment Reporting Information [Line Items]
Operating revenues	297	291	465	484
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	91	79	176	158
Depreciation, amortization and accretion	126	96	248	191
General and administrative	0	0	0	0
Transaction and integration costs	0	0	0	0
Operating income (loss)	80	116	41	135
Equity in earnings of unconsolidated affiliates	8	2	19	(2)
Other income, net	7	3	17	4
Loss on debt extinguishment	(2)		(3)
Interest expense	(55)	(23)	(80)	(87)
Income (loss) before income taxes	38	98	(6)	50
Income tax expense (benefit)	0	0	0	0
Net Income (Loss)	38	98	(6)	50
Total Assets	12,431		12,431
Corporate
Segment Reporting Information [Line Items]
Operating revenues	0	0	0	0
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	0	(1)	(1)	(1)
Depreciation, amortization and accretion	0	0	0	0
General and administrative	9	9	20	19
Transaction and integration costs	3	2	4	2
Operating income (loss)	(12)	(10)	(23)	(20)
Equity in earnings of unconsolidated affiliates	0	0	0	0
Other income, net	3	5	8	11
Loss on debt extinguishment	0		0
Interest expense	(24)	(24)	(49)	(48)
Income (loss) before income taxes	(33)	(29)	(64)	(57)
Income tax expense (benefit)	10	22	(3)	10
Net Income (Loss)	(43)	$ (51)	(61)	$ (67)
Total Assets	$ 65		$ 65

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income (loss) before income taxes	$ 14	$ 106	$ (45)	$ 54
Income tax expense (benefit)	$ 10	$ 22	$ (3)	$ 10
Effective income tax rate	71.40%	20.80%	6.70%	18.50%

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) subsidiary	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) subsidiary	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Related Party Transaction
General and administrative expense	$ 9	$ 9	$ 20	$ 19
Related Party | RENOM
Related Party Transaction
Expenses from transactions with related party	18	19	37	36
Due to related party	8		8		$ 13
Related Party | CEG
Related Party Transaction
General and administrative expense	2	2	3	3
Affiliated Entity | Administrative Services Agreement
Related Party Transaction
Expenses from transactions with related party	6	$ 6	12	$ 10
Due to related party	$ 3		$ 3		$ 2
Number of wholly owned subsidiaries | subsidiary	2		2