Clearway Energy (CWEN.A) 10-Q 5 Nov 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2020	Oct. 31, 2020
Class of Stock [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	333-203369
Entity Registrant Name	Clearway Energy LLC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	32-0407370
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	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001637757
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Common Class A
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		34,599,645
Common Class B
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		42,738,750
Common Class C
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		81,558,845
Common Class D
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		42,738,750

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Operating Revenues
Total operating revenues	$ 332			$ 296			$ 919	$ 797
Operating Costs and Expenses
Cost of operations	95			84			275	245
Depreciation, amortization and accretion	102			114			303	289
Impairment losses	0			0			0	19
General and administrative	9			7			29	19
Transaction and integration costs	1			0			2	2
Development costs	2			1			4	4
Total operating costs and expenses	209			206			613	578
Operating Income	123			90			306	219
Other Income (Expense)
Equity in earnings of unconsolidated affiliates	19			38			22	52
Gain on sale of unconsolidated affiliate	0			0			49	0
Other income, net	(1)			2			2	6
Loss on debt extinguishment	(6)			0			(9)	(1)
Interest expense	(84)			(105)			(344)	(336)
Total other expense, net	(72)			(65)			(280)	(279)
Net Income (Loss)	51	$ 104	$ (129)	25	$ (31)	$ (54)	26	(60)
Less: Loss attributable to noncontrolling interests and redeemable interests	(20)			(25)			(86)	(29)
Net Income (Loss) Attributable to Clearway Energy, LLC	$ 71			$ 50			$ 112	$ (31)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 51	$ 104	$ (129)	$ 25	$ (31)	$ (54)	$ 26	$ (60)
Other Comprehensive Income (Loss)
Unrealized gain (loss) on derivatives	10			(1)			1	2
Other comprehensive income (loss)	10			(1)			1	2
Comprehensive Income (Loss)	61			24			27	(58)
Less: Comprehensive loss attributable to noncontrolling interests and redeemable interests	(20)			(25)			(86)	(28)
Comprehensive Income (Loss) Attributable to Clearway Energy LLC	$ 81			$ 49			$ 113	$ (30)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 359			$ 152
Restricted cash	178			262
Accounts receivable — trade	156			116
Accounts receivable — affiliate	0			2
Inventory	42			40
Prepayments and other current assets	38			33
Total current assets	773			605
Property, plant and equipment, net	6,165			6,063
Other Assets
Equity investments in affiliates	1,001			1,183
Intangible assets, net	1,371			1,428
Right of use assets, net	256			223
Other non-current assets	75			103
Total other assets	2,703			2,937
Total Assets	9,641			9,605
Current Liabilities
Current portion of long-term debt — external	361			1,780
Current portion of long-term debt — affiliate	2			44
Accounts payable — trade	46			73
Accounts payable — affiliate	24			33
Derivative instruments	36			16
Accrued interest expense	48			41
Accrued expenses and other current liabilities	89			71
Total current liabilities	606			2,058
Other Liabilities
Long-term debt — external	6,357			4,956
Derivative instruments	150			76
Long-term lease liabilities	260			227
Other non-current liabilities	114			115
Total non-current liabilities	6,881			5,374
Total Liabilities	7,487			7,432
Commitments and Contingencies
Members' Equity
Contributed capital	1,747			1,882
Retained earnings	65			5
Accumulated other comprehensive loss	(36)			(37)
Noncontrolling interest	378			323
Total Members' Equity	2,154	$ 2,138	$ 2,151	2,173	$ 1,977	$ 1,995	$ 2,096	$ 2,182
Total Liabilities and Members’ Equity	$ 9,641			$ 9,605

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash Flows from Operating Activities
Net Income (Loss)	$ 26	$ (60)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity in earnings of unconsolidated affiliates	(22)	(52)
Distributions from unconsolidated affiliates	51	32
Depreciation, amortization and accretion	303	289
Amortization of financing costs and debt discounts	11	2
Amortization of intangibles and out-of-market contracts	67	52
Loss on debt extinguishment	9	1
Right-of-use asset amortization	1	5
Gain on sale of unconsolidated affiliate	(49)	0
Impairment losses	0	19
Changes in derivative instruments	63	101
Loss on disposal of asset components	(4)	5
Changes in prepaid and accrued liabilities for tolling agreements	15	12
Changes in other working capital	(30)	(33)
Net Cash Provided by Operating Activities	441	373
Cash Flows from Investing Activities
Acquisitions	0	(100)
Acquisition of Drop Down Assets	(79)	(6)
Buyout of Wind TE Holdco noncontrolling interest	0	(19)
Consolidation of DGPV Holdco 3 LLC	17	0
Capital expenditures	(95)	(200)
Return of investment from unconsolidated affiliates	53	37
Investments in unconsolidated affiliates	(11)	(14)
Proceeds from sale of assets	90	0
Insurance proceeds	5	2
Other		2
Net Cash Used in Investing Activities	(20)	(300)
Cash Flows from Financing Activities
Net contributions (distributions) from noncontrolling interests	147	(15)
Buyout of Repowering Partnership II LLC noncontrolling interest	(70)	0
Net proceeds from the issuance of Class C units	58	0
Payments of distributions, net of contributions	(147)	(116)
Payments of debt issuance costs	(10)	(15)
Proceeds from the revolving credit facility	265	22
Payments for the revolving credit facility	(265)	(22)
Proceeds from the issuance of long-term debt — external	775	586
Payments for long-term debt — external	(1,009)	(480)
Proceeds from long-term debt — affiliate	3	0
Payments for long-term debt — affiliate	(45)	(222)
Net Cash Used in Financing Activities	(298)	(262)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	123	(189)
Cash, Cash Equivalents and Restricted Cash at beginning of period	414	583
Cash, Cash Equivalents and Restricted Cash at end of period	$ 537	$ 394

Consolidated Statements of Memb

Consolidated Statements of Members' Equity - USD ($) $ in Millions	Total	DGPV Holdco 3	Repowering Partnership II LLC	Clearway Energy, Inc.	CEG	Tax Equity Investors	Contributed Capital	Contributed CapitalDGPV Holdco 3	Contributed CapitalRepowering Partnership II LLC	Contributed CapitalClearway Energy, Inc.	Contributed CapitalCEG	Retained Earnings (Accumulated Deficit)	Retained Earnings (Accumulated Deficit)Clearway Energy, Inc.	Retained Earnings (Accumulated Deficit)CEG	Accumulated Other Comprehensive Loss	Noncontrolling Interest	Noncontrolling InterestDGPV Holdco 3	Noncontrolling InterestRepowering Partnership II LLC	Noncontrolling InterestCEG	Noncontrolling InterestTax Equity Investors
Balance, beginning of period at Dec. 31, 2018	$ 2,182						$ 1,940					$ 86			$ (44)	$ 200
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(54)											(48)				(6)
Unrealized gain (loss) on derivatives	(2)														(3)	1
Contributions from tax equity interests, net of distributions, cash	19															19
Contributions, non-cash					$ 12						$ 10								$ 2
Decrease from consolidations or buyouts	(19)						(9)									(10)
Distributions paid				$ (22)	(17)								$ (22)	$ (17)
Balance, end of period at Mar. 31, 2019	2,096						1,941					(4)			(47)	206
Balance, beginning of period at Dec. 31, 2018	2,182						1,940					86			(44)	200
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(60)
Balance, end of period at Sep. 30, 2019	1,977						1,854					5			(43)	161
Balance, beginning of period at Mar. 31, 2019	2,096						1,941					(4)			(47)	206
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(31)											(33)				2
Unrealized gain (loss) on derivatives	5														5
Contributions, non-cash					6						(15)			3					18
Distributions to noncontrolling interests, net of contributions, cash	(30)						(2)									(28)
Net proceeds from the sales of units, Clearway Energy, Inc.				(21)						$ (21)
Distributions to tax equity investors, non-cash				(13)	(17)					(13)	(6)			(11)
Balance, end of period at Jun. 30, 2019	1,995						1,884					(45)			(42)	198
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	25											50				(25)
Unrealized gain (loss) on derivatives	(1)														(1)
Contributions, non-cash					1						12								(11)
Distributions to noncontrolling interests, net of contributions, cash	(4)						(3)									(1)
Net proceeds from the sales of units, Clearway Energy, Inc.				(22)						(22)
Distributions to tax equity investors, non-cash					(17)						(17)
Balance, end of period at Sep. 30, 2019	1,977						1,854					5			(43)	161
Balance, beginning of period at Dec. 31, 2019	2,173						1,882					5			(37)	323
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(129)											(90)				(39)
Unrealized gain (loss) on derivatives	(14)														(14)
Contributions, cash					4														4
Contributions from tax equity interests, net of distributions, cash	150															150
Net proceeds from the sales of units, Clearway Energy, Inc.				10						10
Distributions to tax equity investors, non-cash						$ (1)														$ (1)
Distributions paid				(18)	(24)					(18)	(24)
Balance, end of period at Mar. 31, 2020	2,151						1,850					(85)			(51)	437
Balance, beginning of period at Dec. 31, 2019	2,173						1,882					5			(37)	323
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	26
Balance, end of period at Sep. 30, 2020	2,154						1,747					65			(36)	378
Balance, beginning of period at Mar. 31, 2020	2,151						1,850					(85)			(51)	437
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	104											131				(27)
Unrealized gain (loss) on derivatives	5														5
Contributions from tax equity interests, net of distributions, cash					2														2
Contributions, non-cash					8						8
Distributions to noncontrolling interests, net of contributions, cash	(3)															(3)
Net proceeds from the sales of units, Clearway Energy, Inc.				28						28
Distributions to tax equity investors, non-cash						(2)														(2)
Consolidation of DGPV Holdco 3		$ (43)						$ (51)									$ 8
Decrease from consolidations or buyouts			$ (70)						$ (60)									$ (10)
Distributions paid				(18)	(24)					(18)	(24)
Balance, end of period at Jun. 30, 2020	2,138						1,733					46			(46)	405
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	51											71				(20)
Unrealized gain (loss) on derivatives	10														10
Contributions, non-cash					(1)														$ (1)
Net proceeds from the sales of units, Clearway Energy, Inc.				20						$ 20
Distributions to tax equity investors, non-cash						$ (6)														$ (6)
Consolidation of DGPV Holdco 3		$ 1						$ 1
Decrease from consolidations or buyouts			$ 4						$ 4
Distributions paid				$ (27)	$ (36)						$ (11)		$ (27)	$ (25)
Balance, end of period at Sep. 30, 2020	$ 2,154						$ 1,747					$ 65			$ (36)	$ 378

Nature of Business

Nature of Business	9 Months Ended
	Sep. 30, 2020
Nature of Business Disclosure [Abstract]
Nature of Business	Nature of Business Clearway Energy LLC, together with its consolidated subsidiaries, or the Company, is an energy infrastructure investor in and owner of modern, sustainable and long-term contracted assets across North America. The Company is indirectly owned by Global Infrastructure Partners III. Global Infrastructure Management, LLC is an independent fund manager that invests in infrastructure assets in energy and transport sectors, and Global Infrastructure Partners III is its third equity fund. The Company is sponsored by GIP through GIP's portfolio company, CEG. The Company’s environmentally-sound asset portfolio includes over 6,201 MW of wind, solar and natural gas-fired power generation facilities. Through this diversified and contracted portfolio, the Company endeavors to provide its investors with stable and growing dividend income. Nearly all of these assets sell substantially all of their output pursuant to long-term offtake agreements with creditworthy counterparties. The weighted average remaining contract duration of these offtake agreements was approximately 13 years as of September 30, 2020 based on CAFD. The Company also owns thermal infrastructure assets with an aggregate steam and chilled water capacity of 1,456 net MWt and electric generation capacity of 39 net MW. These thermal infrastructure assets provide steam, hot and/or chilled water, and, in some instances, electricity to commercial businesses, universities, hospitals and governmental units in multiple locations, principally through long-term contracts or pursuant to rates regulated by state utility commissions. Clearway Energy, Inc. consolidates the results of Clearway Energy LLC through its controlling interest, with CEG's interest shown as noncontrolling interest in the financial statements. The holders of Clearway Energy, Inc.'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. As a result of the Class C common stock issuance under the ATM Programs of Clearway Energy, Inc. during the nine months ended September 30, 2020, Clearway Energy, Inc. owns 57.58% of the economic interests of Clearway Energy LLC, with CEG retaining 42.42% of the economic interests of Clearway Energy LLC as of September 30, 2020 . The following table represents the structure of the Company as of September 30, 2020: 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 2019 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 September 30, 2020, and the results of operations, comprehensive income (loss) and cash flows for the nine months ended September 30, 2020 and 2019. PG&E Bankruptcy Update On July 1, 2020, PG&E emerged from bankruptcy and assumed the Company's contracts without modification. In addition, PG&E paid to the Company's applicable projects the portion of the invoices corresponding to the electricity delivered for the period between January 1 and January 28, 2019. These invoices related to the pre-petition period services and any payment therefore required the approval by the Bankruptcy Court. During the three months ended September 30, 2020, the Company entered into waiver agreements with the lenders to the respective financing agreements related to the PG&E Bankruptcy and all previously restricted distributions were paid out of distribution reserve accounts at the Company's subsidiaries affected by the PG&E Bankruptcy as of October 31, 2020. A description of changes to the financial statements resulting from PG&E's emergence from bankruptcy is noted below in Note 2, Summary of Significant Accounting Policies , Note 5, Fair Value of Financial Instruments and Note 7, Long-term Debt .

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2020
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, and the reported amounts of revenues and expenses during the reporting period. Actual results could be different from these estimates. Cash and 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 project subsidiaries was $176 million and $125 million as of September 30, 2020 and December 31, 2019, respectively. During October 2020, the last of the previously restricted cash of $34 million was paid out of a distribution reserve account at a subsidiary affected by the PG&E Bankruptcy to Clearway Energy Operating LLC. 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 statements of cash flows: September 30, 2020 December 31, 2019 (In millions) Cash and cash equivalents $ 359 $ 152 Restricted cash 178 262 Cash, cash equivalents and restricted cash shown in the statement of cash flows $ 537 $ 414 Restricted cash consists primarily of funds held to satisfy the requirements of certain debt agreements and funds held within the Company's projects that are restricted in their use. As of September 30, 2020, these restricted funds were comprised of $74 million designated to fund operating expenses, approximately $46 million designated for current debt service payments, and $28 million restricted for reserves including debt service, performance obligations and other reserves, as well as capital expenditures. The remaining $30 million is held in distribution reserve accounts. Accumulated Depreciation, Accumulated Amortization The following table presents the accumulated depreciation included in the property, plant and equipment, net, and accumulated amortization included in intangible assets, net, respectively, as of September 30, 2020 and December 31, 2019: September 30, 2020 December 31, 2019 (In millions) Property, Plant and Equipment Accumulated Depreciation $ 2,135 $ 1,880 Intangible Assets Accumulated Amortization 461 394 Distributions The following table lists distributions paid on the Company's Class A, B, C and D units during the nine months ended September 30, 2020: Third Quarter 2020 Second Quarter 2020 First Quarter 2020 Distributions per Class A, B, C and D unit $ 0.3125 $ 0.2100 $ 0.2100 On October 27, 2020 the Company declared a distribution on its Class A, Class B, Class C and Class D units of $0.318 per unit payable on December 15, 2020 to unit holders of record as of December 1, 2020. Revenue Recognition Revenue from Contracts with Customers The Company applies the guidance in ASC 606, Revenue from Contracts with Customers, or Topic 606, when recognizing revenue associated with its contracts with customers. The Company's policies with respect to its various revenue streams are detailed below. In general, the Company applies the invoicing practical expedient to recognize revenue for the revenue streams detailed below, except in circumstances where the invoiced amount does not represent the value transferred to the customer. Thermal Revenues Steam and chilled water revenue is recognized as the Company transfers the product to the customer, based on customer usage as determined by meter readings taken at month-end. Some locations read customer meters throughout the month and recognize estimated revenue for the period between meter read date and month-end. For thermal contracts, the Company’s performance obligation to deliver steam and chilled water is satisfied over time and revenue is recognized based on the invoiced amount. The Thermal Business subsidiaries collect, and remit state and local taxes associated with sales to their customers, as required by governmental authorities. These taxes are presented on a net basis in the income statement. As contracts for steam and chilled water are long-term contracts, the Company has performance obligations under these contracts that have not yet been satisfied. These performance obligations have transaction prices that are both fixed and variable, and which vary based on the contract duration, customer type, inception date and other contract-specific factors. For the fixed price contracts, the Company cannot accurately estimate the amount of its unsatisfied performance obligations as it will vary based on customer usage, which will depend on factors such as weather and customer activity. Power Purchase Agreements The majority of the Company’s revenues are obtained through PPAs or other contractual agreements. Energy, capacity and where applicable, renewable attributes, from the majority of the Company’s renewable energy assets and certain conventional energy plants is sold through long-term PPAs and tolling agreements to a single counterparty, which is often a utility or commercial customer. The majority of these PPAs are accounted for as leases. Previously ASC 840, and currently ASC 842, requires the minimum lease payments received to be amortized over the term of the lease and contingent rentals are recorded when the achievement of the contingency becomes probable. Management's judgment is required in determining the economic life of each generating facility, in evaluating whether certain lease provisions constitute minimum payments or represent contingent rent and other factors in determining whether a contract contains a lease and whether the lease is an operating lease or sales-type lease. Renewable Energy Credits Renewable energy credits, or RECs, are usually sold through long-term PPAs. Revenue from the sale of self-generated RECs is recognized when the related energy is generated and simultaneously delivered even in cases where there is a certification lag as it has been deemed to be perfunctory. In a bundled contract to sell energy, capacity and/or self-generated RECs, all performance obligations are deemed to be delivered at the same time and hence, timing of recognition of revenue for all performance obligations is the same and occurs over time. In such cases, it is often unnecessary to allocate transaction price to multiple performance obligations. Disaggregated Revenues The following tables represent the Company’s disaggregation of revenue from contracts with customers along with the reportable segment for each category for the three and nine months ended September 30, 2020 and 2019 respectively: Three months ended September 30, 2020 (In millions) Conventional Generation Renewables Thermal Total Energy revenue (a) $ 3 $ 166 $ 27 $ 196 Capacity revenue (a) 119 — 24 143 Contract amortization (6) (15) (1) (22) Other revenue — 6 9 15 Total operating revenue 116 157 59 332 Less: Lease revenue (122) (153) — (275) Less: Contract amortization 6 15 1 22 Total revenue from contracts with customers $ — $ 19 $ 60 $ 79 (a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 3 $ 153 $ — $ 156 Capacity revenue 119 — — 119 Total $ 122 $ 153 $ — $ 275 Nine months ended September 30, 2020 (In millions) Conventional Generation Renewables Thermal Total Energy revenue (a) $ 6 $ 486 $ 77 $ 569 Capacity revenue (a) 338 — 50 388 Contract amortization (18) (46) (2) (66) Other revenue — 12 24 36 Mark-to-market for economic hedges — (8) — (8) Total operating revenue 326 444 149 919 Less: Mark-to-market for economic hedges — 8 — 8 Less: Lease revenue (344) (449) (1) (794) Less: Contract amortization 18 46 2 66 Total revenue from contracts with customers $ — $ 49 $ 150 $ 199 (a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 6 $ 449 $ 1 $ 456 Capacity revenue 338 — — 338 Total $ 344 $ 449 $ 1 $ 794 Three months ended September 30, 2019 (In millions) Conventional Generation Renewables Thermal Total Energy revenue (a) $ 2 $ 167 $ 33 $ 202 Capacity revenue (a) 89 — 14 103 Contract amortization (1) (16) (1) (18) Mark-to-market for economic hedges — (2) — (2) Other revenue — 2 9 11 Total operating revenue 90 151 55 296 Less: Mark-to-market for economic hedges — 2 — 2 Less: Lease revenue (91) (160) (1) (252) Less: Contract amortization 1 16 1 18 Total revenue from contracts with customers $ — $ 9 $ 55 $ 64 (a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 2 $ 160 $ 1 $ 163 Capacity revenue 89 — — 89 Total $ 91 $ 160 $ 1 $ 252 Nine months ended September 30, 2019 (In millions) Conventional Generation Renewables Thermal Total Energy revenue (a) $ 4 $ 441 $ 91 $ 536 Capacity revenue (a) 253 — 41 294 Contract amortization (4) (46) (2) (52) Mark-to-market for economic hedges — (9) — (9) Other revenue — 6 22 28 Total operating revenue 253 392 152 797 Less: Mark-to-market for economic hedges — 9 — 9 Less: Lease revenue (257) (416) (2) (675) Less: Contract amortization 4 46 2 52 Total revenue from contracts with customers $ — $ 31 $ 152 $ 183 (a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 4 $ 416 $ 2 $ 422 Capacity revenue 253 — — 253 Total $ 257 $ 416 $ 2 $ 675 Contract Amortization Assets and liabilities recognized from power sales agreements assumed through acquisitions related to the sale of electric capacity and energy in future periods for which the fair value has been determined to be significantly less (more) than market are amortized to revenue over the term of each underlying contract based on actual generation and/or contracted volumes or on a straight-line basis, where applicable. Contract Balances The following table reflects the contract assets and liabilities included on the Company’s balance sheet as of September 30, 2020: (In millions) Accounts receivable, net - Contracts with customers $ 37 Accounts receivable, net - Leases 119 Total accounts receivable, net $ 156 Recently Issued Accounting Standards Adopted in 2020 In March 2020, the FASB issued ASU 2020-4, Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The amendments provide for optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria is met. These amendments apply only to contracts that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. The Company intends to apply the amendments to all its eligible contract modifications where applicable. Reclassification Certain prior year amounts have been reclassified for comparative purposes.

Acquisitions and Dispositions

Acquisitions and Dispositions	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Acquisitions and Dispositions	Acquisition and Dispositions 2019 Acquisition Duquesne University District Energy System Acquisition — On May 1, 2019, the Company, through its indirect subsidiary ECP Uptown Campus LLC, acquired the Duquesne University district energy system, totaling 87 combined MWt, located in Pittsburgh, PA. As part of the acquisition, Duquesne University entered into a 40-year Energy Services Agreement through which ECP Uptown Campus LLC will fulfill the university's electricity, chilled water and steam requirements in exchange for monthly capacity payments. The transaction is reflected in the Company's Thermal segment. The total investment for the project was approximately $107 million. 2020 Dispositions Sale of RPV Holdco 1 LLC — On May 14, 2020, the Company sold its interests in RPV Holdco 1 LLC, or RPV Holdco, to a third party for net proceeds of approximately $75 million. The Company previously accounted for its interest in RPV Holdco as an equity method investment. The sale of the investment resulted in a gain of approximately $49 million.

Investments Accounted for by th

Investments Accounted for by the Equity Method and Variable Interest Entities	9 Months Ended
	Sep. 30, 2020
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 Consolidated 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 and solar facilities, as further described in Note 5, Investments Accounted for by the Equity Method and Variable Interest Entities, to the consolidated financial statements included in the Company's 2019 Form 10 -K. Summarized financial information for the Company's consolidated VIEs consisted of the following as of September 30, 2020: (In millions) Oahu Solar Partnership Kawailoa Partnership Elbow Creek TE Holdco Wildorado TE Holdco DGPV Holdco 3 Alta TE Holdco Spring Canyon Buckthorn Renewables LLC Other (a) Other current and non-current assets $ 25 $ 24 $ 10 $ 16 $ 61 $ 58 $ 3 $ 3 $ 5 Property, plant and equipment 182 142 102 244 329 363 82 209 8 Intangible assets — — 1 — 1 228 — — — Total assets 207 166 113 260 391 649 85 212 13 Current and non-current liabilities 125 116 27 12 276 44 5 7 3 Total liabilities 125 116 27 12 276 44 5 7 3 Noncontrolling interest 25 35 74 107 3 38 29 62 — Net assets less noncontrolling interests $ 57 $ 15 $ 12 $ 141 $ 112 $ 567 $ 51 $ 143 $ 10 (a) Other is comprised of Crosswinds and Hardin projects. The discussion below describes material changes to VIEs during the nine months ended September 30, 2020. DGPV Holdco 3 LLC DGPV Holdco 3 owns approximately 113 MW of distributed solar capacity, based on cash to be distributed, with a weighted average remaining contract life of approximately 21 years as of September 30, 2020. On May 29, 2020, the final construction projects for DGPV Holdco 3 were placed in service which resulted in a reconsideration event for consolidation of the entity. Upon the reconsideration event, the Company determined that it was the primary beneficiary of DGPV Holdco 3, as it is entitled to 99% of allocations of income and cash distributions from the entity. As such, effective on May 29, 2020, the Company consolidates DGPV Holdco 3, and shows the interest owned by CEG as noncontrolling interest. DGPV Holdco 3 owns an interest in two tax equity funds with tax equity investors, both of which are consolidated by DGPV Holdco 3, and the interests owned by the tax equity investors are shown as noncontrolling interests. The Company removed its investment in DGPV Holdco 3 of $155 million as of May 29, 2020 and recorded the difference between the net assets consolidated and the investment balance as a reduction to noncontrolling interests. The following table shows the balances that were consolidated effective on May 29, 2020: (In millions) May 29, 2020 Current assets $ 32 Property, plant and equipment 331 Intangible assets 1 Other non-current assets 37 Total assets $ 401 Debt 206 Other current and non-current liabilities 84 Total liabilities $ 290 Noncontrolling interests and redeemable noncontrolling interests 6 Net assets less noncontrolling interests $ 105 Prior to the reconsideration event described above, the Company invested $10 million of cash in DGPV Holdco 3 during the first half of 2020. DGPV Holdco Consolidation On November 2, 2020, the Company acquired the Class B membership interests in DGPV Holdco 1, DGPV Holdco 2 and DGPV Holdco 3, or DGPV Holdco Entities, from Renew DG Holdings LLC, a subsidiary of CEG, and an SREC contract for $44 million in cash consideration. The Company previously held the Class A membership interests in the DGPV Holdco Entities and accounted for its interests in DGPV Holdco 1 and DGPV Holdco 2 as equity method investments, while DGPV Holdco 3 was consolidated by the Company effective May 29, 2020 as described above. As further described in Note 7, Long-term Debt, subsequent to the acquisition of the remaining interests in the DGPV Holdco Entities, the Company transferred its interests to DG-CS Master Borrower LLC, and issued debt that was utilized to repay existing project-level debt outstanding and unwind interest rate swaps for certain of the tax equity arrangements related to the underlying project funds. Effective with the acquisition of the Class B membership interests of the DGPV Holdco Entities, the Company consolidates all of the DGPV Holdco Entities, including DG-CS Master Borrower LLC, and its subsidiaries, which consist of seven tax equity funds that collectively own approximately 172 distributed solar projects with a combined 286 MW of capacity. Each of the tax equity funds is a VIE, where the Company is the primary beneficiary and consolidates the fund, with the tax equity investor's interest shown as noncontrolling interest or redeemable noncontrolling interest. The acquired SREC contract, a contract to receive incremental cash flows related to renewable energy credits from certain of the underlying solar projects, will be considered a derivative financial instrument. Repowering Partnership II LLC On May 11, 2020, the Company acquired CEG's interest in Repowering Partnership II LLC, for cash consideration of $70 million. Repowering Partnership II LLC is no longer a VIE and subsequent to the acquisition, is a wholly-owned subsidiary of the Company. Repowering Partnership II LLC continues to own interests in two VIEs, Wildorado Repowering Tax Equity Holdco LLC, or Wildorado TE Holdco, and Elbow Creek Repowering Tax Equity Holdco LLC, or Elbow Creek TE Holdco. The Company removed the related noncontrolling interest balance of $8 million and recorded the difference between the cash paid and the noncontrolling interest balance removed as a reduction to noncontrolling interests. On February 7, 2020, a third party tax equity investor purchased 100% of the Class A membership interests in Wildorado TE Holdco, for $148 million. In addition, the Company contributed $112 million to Wildorado TE Holdco. The combined proceeds were used to repay construction debt under the Repowering Partnership Holdco credit agreement, as described in Note 7, Long-term Debt . The third party tax equity investor, or Wildorado Investor, will receive 99% of allocations of taxable income and other items until the Wildorado Investor obtains a specified return on its initial investment, or the last day of the PTC period, whichever occurs sooner. At such time, the allocations to the Wildorado Investor will change to 5%. Until such time, the Wildorado Investor will receive a variable percentage of cash distributions. Wildorado TE Holdco is a VIE and the Repowering Partnership II LLC is the primary beneficiary through its position as managing member. As a result, the Company consolidates Wildorado TE Holdco, with the Wildorado Investor's interest shown as noncontrolling interest. In connection with the Wildorado TE Holdco closing, the allocations of income at Repowering Partnership II LLC changed to 60.14% for Wind TE Holdco LLC (the Company member) and 39.86% for CWSP Wildorado Elbow Holding LLC (the CEG member). As noted above, CEG no longer has an interest in Repowering Partnership II LLC as of June 30, 2020. The Company utilizes the HLBV method to determine the net income or loss allocated to tax equity noncontrolling interest. The Company recorded a de minimis loss and a loss of $36 million attributable to the noncontrolling interest of Wildorado TE Holdco for the three and nine months ending September 30, 2020 and recorded a loss of $1 million and $9 million attributable to the noncontrolling interest of Elbow Creek TE Holdco for the three and nine months ending September 30, 2020, respectively. 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 under the equity method of accounting, as further described in Note 5, Investments Accounted for by the Equity Method and Variable Interest Entities, to the consolidated financial statements included in the Company's 2019 Form 10-K . Mesquite Star Pledgor LLC On September 1, 2020, the Company, through its indirect subsidiary Mesquite Star HoldCo LLC, acquired the Class A membership interests in Mesquite Star Pledgor LLC from Clearway Renew LLC, a subsidiary of CEG, for $79 million in cash consideration. Mesquite Star Pledgor LLC is the primary beneficiary and consolidates its interest in a tax equity fund that owns the Mesquite Star wind project, a 419 MW utility scale wind project located in Fisher County, Texas. A majority of the project’s output is backed by contracts with investment grade counterparties with a 12 year weighted average contract life. The transaction is reflected in the Company's Renewables segment and was funded with cash on hand. Mesquite Star Pledgor LLC is a VIE and the Company is not the primary beneficiary. Accordingly, the Company recorded the acquired interest as an equity method investment. The membership interests acquired by the Company relate to interests under common control by GIP and were recorded at historical cost. The difference between the $79 million cash paid and the historical value of the Company's acquired interests of $83 million was recorded as an adjustment to contributed capital. The Company's maximum exposure to loss as of September 30, 2020 is limited to its equity investment in the unconsolidated entities, as further summarized in the table below: Name Economic Investment Balance (In millions) Utah Solar Portfolio (a) 50% $ 268 Desert Sunlight 25% 257 Agua Caliente Solar 16% 89 GenConn 50% 90 DGPV Holdco 1 LLC (a) 95% 81 DGPV Holdco 2 LLC (a) 95% 63 San Juan Mesa 75% 42 Elkhorn Ridge 66.7% 39 Avenal 50% (5) Mesquite Star (a) 50% 77 $ 1,001 ( a ) VIEs and tax equity structures and economic interest are based on cash to be distributed The following tables present summarized financial information for the Company's significant equity method investments: Three months ended September 30, Nine months ended September 30, (In millions) 2020 2019 2020 2019 Income Statement Data: DGPV Holdco 3 (a) Operating revenue $ — $ 9 $ 14 $ 22 Operating income — 6 6 11 Net income (loss) $ — $ 16 $ (12) $ 24 ( a) Year to date as of the reconsideration event on May 29, 2020 (In millions) As of September 30, 2020 As of December 31, 2019 Balance Sheet Data: DGPV Holdco 3 (a) Current assets $ — $ 39 Non-current assets — 371 Current liabilities — 61 Non-current liabilities — 216 Redeemable noncontrolling interest $ — $ (1) ( a) DGPV Holdco 3 was no longer an equity method investment as of the reconsideration event on May 29, 2020

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2020
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, accounts receivable - affiliate, accounts payable, accounts payable - affiliate, accrued expenses and other 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 estimated carrying amounts and fair values of the Company’s recorded financial instruments not carried at fair market value are as follows: As of September 30, 2020 As of December 31, 2019 Carrying Amount Fair Value Carrying Amount Fair Value (In millions) Long-term debt, including current portion (a) $ 6,799 $ 6,875 $ 6,813 $ 6,913 (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 non-publicly traded long-term debt 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 September 30, 2020 and December 31, 2019: As of September 30, 2020 As of December 31, 2019 Level 2 Level 3 Level 2 Level 3 (In millions) Long-term debt, including current portion $ 1,874 $ 5,001 $ 1,735 $ 5,221 Recurring Fair Value Measurements The Company records its derivative assets and liabilities at fair value on its consolidated balance sheet. 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 September 30, 2020 As of December 31, 2019 Fair Value (a) Fair Value (a) (In millions) Level 2 Level 3 Level 2 Level 3 Derivative liabilities: Commodity contracts $ — $ 17 $ — $ 9 Interest rate contracts 169 — 83 — Total liabilities $ 169 $ 17 $ 83 $ 9 (a) There were no derivative assets classified as Level 1, Level 2 or Level 3 and no liabilities classified as Level 1 as of September 30, 2020 and as of December 31, 2019. The following table reconciles the beginning and ending balances for instruments that are recognized at fair value in the condensed consolidated financial statements using significant unobservable inputs: Three months ended September 30, Nine months ended September 30, 2020 2019 2020 2019 (In millions) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Beginning balance $ (17) $ (7) $ (9) $ — Total losses for the period included in earnings — (2) (8) (2) Purchases — — — (7) Ending balance $ (17) $ (9) $ (17) $ (9) Change in unrealized losses included in earnings for derivatives held as of September 30, 2020 $ — $ 8 Derivative Fair Value Measurements The Company's contracts are non-exchange-traded and valued using prices provided by external sources. For some of the Company’s energy contracts, management receives quotes from multiple sources. To the extent that multiple quotes are received, the prices reflect the average of the bid-ask mid-point prices obtained from all sources believed to provide the most liquid market for the commodity. The remainder of the assets and liabilities represent contracts for which external sources or observable market quotes are not available. These contracts are valued based on various valuation techniques including, but not limited to, internal models based on a fundamental analysis of the market and extrapolation of the observable market data with similar characteristics. As of September 30, 2020, contracts valued with prices provided by models and other valuation techniques make up 9% of derivative liabilities. The Company’s significant position classified as Level 3 includes physical power 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 and 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 tables quantify the significant unobservable inputs used in developing the fair value of the Company's Level 3 positions as of September 30, 2020: September 30, 2020 Fair Value Input/Range Assets Liabilities Valuation Technique Significant Unobservable Input Low High Weighted Average (In millions) Power Contracts $ — $ (17) Discounted Cash Flow Forward Market Price (per MWh) 9.21 37.46 16.32 The following table provides sensitivity of fair value measurements to increases/(decreases) in significant unobservable inputs as of September 30, 2020: Significant Observable Input Position Change In Input Impact on Fair Value Measurement Forward Market Price Power Buy Increase/(Decrease) Higher/(Lower) Forward Market Price Power Sell Increase/(Decrease) Lower/(Higher) 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 September 30, 2020, the non-performance reserve was a $10 million gain recorded primarily in interest expense in the consolidated statements of operations. 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 in Note 2, Summary of Significant Accounting Policies , to the consolidated financial statements included in the Company's 2019 Form 10-K, the following 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; (iii) 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	9 Months Ended
	Sep. 30, 2020
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 2019 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 September 30, 2020, the Company had interest rate derivative instruments on non-recourse debt extending through 2043, 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 Commodities As of September 30, 2020, the Company had energy-related derivative instruments extending through 2029. At September 30, 2020, 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 of the Company's open derivative transactions broken out by type: Total Volume September 30, 2020 December 31, 2019 Commodity Units (In millions) Natural Gas MMBtu 1 2 Power MWh (2) (2) Interest Dollars $ 1,769 $ 1,788 Fair Value of Derivative Instruments The following table summarizes the fair value within the derivative instrument valuation on the balance sheet: Fair Value Derivative Liabilities September 30, 2020 December 31, 2019 (In millions) Derivatives Designated as Cash Flow Hedges: Interest rate contracts current $ 7 $ 3 Interest rate contracts long-term 14 11 Total Derivatives Designated as Cash Flow Hedges 21 14 Derivatives Not Designated as Cash Flow Hedges: Interest rate contracts current 29 13 Interest rate contracts long-term 119 56 Commodity contracts long-term 17 9 Total Derivatives Not Designated as Cash Flow Hedges 165 78 Total Derivatives $ 186 $ 92 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 master agreement level. As of September 30, 2020 and December 31, 2019, there was no outstanding collateral paid or received. The following tables summarize the offsetting of derivatives by the counterparty master agreement level as of September 30, 2020 and December 31, 2019: As of September 30, 2020 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Commodity contracts: (In millions) Derivative liabilities $ (17) $ — $ (17) Total commodity contracts (17) — (17) Interest rate contracts: Derivative liabilities (169) — (169) Total interest rate contracts (169) — (169) Total derivative instruments $ (186) $ — $ (186) As of December 31, 2019 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Commodity contracts: (In millions) Derivative liabilities $ (9) $ (1) $ (10) Total commodity contracts (9) (1) (10) Interest rate contracts: Derivative liabilities (83) 1 (82) Total interest rate contracts (83) 1 (82) Total derivative instruments $ (92) $ — $ (92) Accumulated Other Comprehensive Loss The following table summarizes the effects on the Company’s accumulated OCL balance attributable to interest rate swaps designated as cash flow hedge derivatives : Three months ended September 30, Nine months ended September 30, 2020 2019 2020 2019 (In millions) Accumulated OCL beginning balance $ (46) $ (42) $ (37) $ (45) Reclassified from accumulated OCL to income due to realization of previously deferred amounts $ 3 4 7 21 Mark-to-market of cash flow hedge accounting contracts $ 6 (5) (7) (19) Accumulated OCL attributable to Clearway Energy LLC $ (37) $ (43) $ (37) $ (43) Losses expected to be realized from OCL during the next 12 months $ (13) $ (13) Impact of Derivative Instruments on the Statements of Operations Gains and losses related to the Company's derivatives are recorded in the consolidated statements of operations as follows: Three months ended September 30, Nine months ended September 30, 2020 2019 2020 2019 (In millions) Interest Rate Contracts (Interest Expense) $ 39 $ (28) $ (53) $ (82) Mark-to-market economic hedging activities (a) — — (8) — (a) Relates to long-term power hedge at Elbow Creek Wind Project LLC, or Elbow Creek. A portion of the Company’s derivative commodity contracts relates to its Thermal Business for the purchase of fuel commodities based on the forecasted usage of the thermal district energy centers. Realized gains and losses on these contracts are reflected in the fuel costs that are permitted to be billed to customers through the related customer contracts or tariffs and, accordingly, no gains or losses are reflected in the consolidated statements of operations for these contracts. See Note 5, Fair Value of Financial Instruments , for a discussion regarding concentration of credit risk.

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2020
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 2019 Form 10-K. Long-term debt consisted of the following: (In millions, except rates) September 30, 2020 December 31, 2019 September 30, 2020 interest rate % (a) Letters of Credit Outstanding at September 30, 2020 Long-term debt — affiliate, due 2020 (b) $ — $ 44 3.325 Intercompany Note with Clearway Energy, Inc. 2 — 1.490 2024 Senior Notes (c) — 88 5.375 2025 Senior Notes 600 600 5.750 2026 Senior Notes 350 350 5.000 2028 Senior Notes 850 600 4.750 Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2023 (d) — — L+2.00 59 Project-level debt: Alpine, due 2022 (e) — 119 L+2.00 — Alta Wind I-V lease financing arrangements, due 2034 and 2035 816 844 5.696 - 7.015 29 Buckthorn Solar, due 2025 127 129 L+1.750 26 Carlsbad Holdco, due 2038 215 216 4.210 9 Carlsbad Energy Holdings LLC, due 2027 and 2038 568 582 various 67 Chestnut Borrower, LLC, due 2024 109 — L+2.50 8 CS4 Borrower, due 2026 103 — L+2.00 4 CVSR, due 2037 675 696 2.339 - 3.775 — CVSR Holdco Notes, due 2037 176 182 4.680 13 Duquesne, due 2059 95 95 4.620 — El Segundo Energy Center, due 2023 250 303 L+1.875 - L+2.500 138 Energy Center Minneapolis Series D, E, F, G, H Notes, due 2025-2037 327 328 various — Laredo Ridge, due 2028 80 84 L+2.125 10 Kansas South, due 2030 23 24 L+2.25 2 Kawailoa Solar Holdings LLC, due 2026 82 82 L+1.375 13 Marsh Landing, due 2023 164 206 L+2.125 38 NIMH Solar, due 2024 193 — L+2.00 11 Oahu Solar Holdings LLC, due 2026 90 91 L+1.375 11 Repowering Partnership Holdco LLC, due 2020 (c) — 228 L+.85 — South Trent, due 2028 39 43 L+1.350 12 Tapestry, due 2031 147 156 L+1.375 18 Utah Solar Holdings, due 2036 296 — 3.59 9 Utah Solar Portfolio, due 2022 (e) — 254 L+1.625 — Viento, due 2023 35 42 L+2.00 12 Walnut Creek, due 2023 140 175 L+1.75 80 Other (f) 242 296 various 29 Subtotal project-level debt: 4,992 5,175 Total debt 6,794 6,857 Less current maturities (363) (1,824) Less net debt issuance costs (79) (77) Add premiums (g) 5 — Total long-term debt $ 6,357 $ 4,956 (a) As of September 30, 2020, L+ equals 3 month LIBOR plus x%, except for Viento, due 2023 and Kansas South, due 2030 where L+ equals 6 month LIBOR plus x% (b) Matured and repaid in the second quarter of 2020 (c) Repaid in the first quarter of 2020, as further described below (d) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement (e) Repaid in the third quarter of 2020, as further described below (f) December 31, 2019 includes Blythe and Roadrunner debt outstanding of $14 million and $28 million, respectively which were repaid in the third quarter of 2020, as further described below (g) 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 September 30, 2020, 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 nine months ended September 30, 2020. Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility As of September 30, 2020, the Company had no outstanding borrowings under the revolving credit facility and $59 million in letters of credit outstanding. The Company had no borrowings under the revolving credit facility during the three months ended September 30, 2020. During the nine months ended September 30, 2020, the Company borrowed $265 million under the revolving credit facility, and subsequently repaid $265 million utilizing the proceeds from the issuance of additional 2028 Senior Notes, as described below, and cash on hand. 2028 Senior Notes On May 21, 2020, the Company completed the issuance of an additional $250 million in aggregate principal amount of its 4.750% Senior Notes due 2028. The 2028 Senior Notes bear interest at 4.75% and mature on March 15, 2028. Interest on the 2028 Senior Notes is payable semi-annually on March 15 and September 15 of each year, and interest payments will commence on September 15, 2020. The 2028 Senior Notes are unsecured obligations of Clearway Energy Operating, LLC and are guaranteed by Clearway Energy, LLC and by certain of Clearway Energy Operating LLC’s wholly owned current and future subsidiaries. The notes were issued at a price of 102% of par plus accrued interest from December 11, 2019. The net proceeds were utilized to repay the $45 million outstanding principal amount of Clearway Energy, Inc.’s 2020 Convertible Notes on June 1, 2020, as well as to repay amounts outstanding under the Company's revolving credit facility and for general corporate purposes. 2024 Senior Notes Redemption On January 3, 2020, the Company redeemed the $88 million aggregate principal amount of the 2024 Senior Notes that remained outstanding following the Company's tender offer for the 2024 Senior Notes in December 2019. The redemption was effectuated at a premium of 102.7% for a total consideration of $90 million and as a result, the Company recorded a loss on debt extinguishment in the amount of $3 million, which also included the write off of previously deferred financing fees related to the 2024 Senior Notes. Intercompany Note with Clearway Energy, Inc. On February 18, 2020, the Company entered into an intercompany demand promissory note with Clearway Energy, Inc. in the principal amount of $3 million. The unpaid principal amount bears interest at a rate equal to the short-term applicable federal rate, which is payable on the last day of each quarter, or at other times as agreed upon by the Company and Clearway Energy, Inc. Project - level Debt PG&E Bankruptcy On July 1, 2020, PG&E emerged from bankruptcy and assumed the Company's contracts without modification. In addition, PG&E paid to the Company's applicable projects the portion of the invoices corresponding to the electricity delivered between January 1 and January 28, 2019. These invoices related to the pre-petition period services and any payment therefore required the approval of the Bankruptcy Court. During the three months ended September 30, 2020, the Company entered into waiver agreements with the lenders to the respective financing agreements related to the PG&E Bankruptcy. Repowering Partnership Holdco LLC, due 2020 In February 2020, the Company repaid $260 million of construction debt outstanding under the construction loan facility. The repayment was effectuated with the proceeds from the tax equity contributions for Wildorado TE Holdco, as further descried in Note 4, Investments Accounted for by the Equity Method and Variable Interest Entities as well as with the contributions by the Company. Consolidation of DGPV Holdco 3 Upon consolidation of DGPV Holdco 3, as described in Note 4, Investments Accounted for by the Equity Method and Variable Interest Entities , the Company consolidates additional non-recourse debt for certain subsidiaries as further described below. Renew CS4 Borrower LLC, or CS4 Borrower, a consolidated subsidiary of DGPV Holdco 3, is party to a credit agreement for construction loans up to $97.4 million, an investment tax credit bridge loan, or ITC bridge loan, for up to $89.9 million and letter of credit facilities up to $4.9 million. The construction loan and the ITC bridge loan both have an interest rate of LIBOR plus an applicable margin of 2.00% per annum. As of June 30, 2020, all construction loans were converted to term loans and the ITC bridge loans were repaid in connection with tax equity funding. The term loan bears annual interest at a rate of LIBOR plus an applicable margin, which is 2.00% per annum through the third anniversary of the term conversion, and 2.25% per annum thereafter through the maturity date in June 2026. The borrowings are secured by the membership interests in the project companies. Chestnut Borrower LLC, a consolidated subsidiary of DGPV Holdco 3, is party to a credit agreement for term loans of up to $120.3 million and letters of credit of up to $7.9 million. The loans bear annual interest at a rate of LIBOR plus an applicable margin, which is 2.50% per annum through the fifth anniversary of the financial closing date, or July 2022, and 2.75% per annum thereafter through the maturity date in April 2024. The borrowings are secured by the membership interests in the project companies. DG-CS Master Borrower LLC On November 2, 2020, DG-CS Master Borrower LLC, a wholly owned subsidiary of Clearway Energy Operating LLC, entered into a financing arrangement, which included the issuance of a $467 million term loan, as well as $30 million in letters of credit in support of debt service. The notes bear interest at 3.51% and mature on September 30, 2040. The proceeds from the loan were utilized to repay existing project-level debt outstanding for Chestnut Borrower LLC, Renew Solar CS 4 Borrower LLC, DGPV 4 Borrower LLC and Puma Class B LLC of $107 million, $102 million, $92 million and $73 million respectively and unwind related interest rate swaps in the amount of $42 million. The remaining proceeds were utilized to pay related fees and expenses and in part to acquire the Class B membership interests in the DGPV Holdco Entities and an SREC contract from CEG as further described in Note 4, Investments Accounted for by the Equity Method and Variable Interest Entities. Concurrent with the refinancing, the projects were transferred under DG-CS Master Borrower LLC and the obligations under the financing arrangement are supported by the Company's interest in the projects. Utah Solar Holdings, LLC On September 1, 2020, Utah Solar Holdings, LLC, or Utah Solar, entered into a financing arrangement, which included the issuance of approximately $296 million in senior secured notes supported by the Company’s interest in the Utah projects (Four Brothers, Granite Mountain and Iron Springs, previously defined as the Utah Solar Portfolio), as well as $16 million in letters of credit in support of debt service obligations. The notes bear interest at 3.59% per annum and mature on December 31, 2036. The proceeds from the issuance were utilized to repay existing debt outstanding of approximately $247 million for the Utah projects and to unwind the related interest rate swaps in the amount of $33 million. The remaining proceeds were utilized to pay related fees and expenses, with the remaining $9 million distributed to Clearway Energy Operating LLC. NIMH Solar LLC On September 30, 2020, NIMH Solar LLC, a wholly owned subsidiary of Clearway Energy Operating LLC, entered into a financing arrangement, which included the issuance of $193 million under a term loan facility, as well as $16 million in letters of credit in support of debt service and project obligations. The term loan bears annual interest rate of LIBOR, plus an applicable margin, which is 2.00% per annum through the third party anniversary of closing, and 2.125% per annum thereafter through the maturity date in September 2024. The proceeds from the term loan were utilized to repay existing project-level debt outstanding for Alpine, Blythe and Roadrunner of $117 million, $14 million and $27 million, respectively. The remaining proceeds were utilized to pay related fees and expenses and along with existing project level cash provided a distribution to Clearway Energy Operating LLC of $45 million. Concurrent with the refinancing, the Alpine, Blythe and Roadrunner projects were transferred under NIMH Solar LLC and the obligations under the financing arrangement are supported by the Company’s interests in the projects.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2020
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, renewable businesses which consist of solar and wind, and the thermal and chilled water business. The Corporate segment reflects the Company's corporate costs. 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 economic gross margin and net income (loss). Three months ended September 30, 2020 (In millions) Conventional Generation Renewables Thermal Corporate Total Operating revenues $ 116 $ 157 $ 59 $ — $ 332 Cost of operations 21 33 41 — 95 Depreciation, amortization and accretion 34 61 7 — 102 General and administrative — — 1 8 9 Transaction and integration costs — — — 1 1 Development costs — — 2 — 2 Operating income (loss) 61 63 8 (9) 123 Equity in earnings of unconsolidated affiliates 3 16 — — 19 Other income (expense), net 1 — (1) (1) (1) Loss on debt extinguishment — (6) — — (6) Interest expense (17) (39) (6) (22) (84) Net Income (Loss) $ 48 $ 34 $ 1 $ (32) $ 51 Total Assets $ 2,615 $ 6,210 $ 627 $ 189 $ 9,641 Three months ended September 30, 2019 (In millions) Conventional Generation Renewables Thermal Corporate Total Operating revenues $ 90 $ 151 $ 55 $ — $ 296 Cost of operations 13 35 36 — 84 Depreciation, amortization and accretion 26 81 7 — 114 General and administrative — 1 1 5 7 Development costs — — 1 — 1 Operating income (loss) 51 34 10 (5) 90 Equity in earnings of unconsolidated affiliates 3 35 — — 38 Other income, net — 2 — — 2 Interest expense (13) (65) (5) (22) (105) Net Income (Loss) $ 41 $ 6 $ 5 $ (27) $ 25 Nine months ended September 30, 2020 (In millions) Conventional Generation Renewables Thermal Corporate Total Operating revenues $ 326 $ 444 $ 149 $ — $ 919 Cost of operations 67 108 100 — 275 Depreciation, amortization and accretion 100 182 21 — 303 General and administrative — 1 4 24 29 Transaction and integration costs — — — 2 2 Development costs — — 4 — 4 Operating income (loss) 159 153 20 (26) 306 Equity in earnings of unconsolidated affiliates 6 16 — — 22 Gain on sale of unconsolidated affiliate — — — 49 49 Other income, net 1 1 — — 2 Loss on debt extinguishment — (6) — (3) (9) Interest expense (69) (190) (16) (69) (344) Net Income (Loss) $ 97 $ (26) $ 4 $ (49) $ 26 Nine months ended September 30, 2019 (In millions) Conventional Generation Renewables Thermal Corporate Total Operating revenues $ 253 $ 392 $ 152 $ — $ 797 Cost of operations 43 103 99 — 245 Depreciation, amortization and accretion 76 193 20 — 289 Impairment losses — — 19 — 19 General and administrative — 1 2 16 19 Transaction and integration costs — — — 2 2 Development costs — — 4 — 4 Operating income (loss) 134 95 8 (18) 219 Equity in earnings of unconsolidated affiliates 7 45 — — 52 Other income, net 1 4 — 1 6 Loss on debt extinguishment — (1) — — (1) Interest expense (45) (213) (13) (65) (336) Net Income (Loss) $ 97 $ (70) $ (5) $ (82) $ (60)

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2020
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's project entities. Amounts due to CEG subsidiaries are recorded as accounts payable - affiliate and amounts due to the Company from CEG subsidiaries are recorded as accounts receivable - affiliate in the Company's balance sheet. The disclosures below summarize the Company's material related party transactions with CEG and its subsidiaries that are included in the Company's operating revenues and operating costs. O&M Services Agreements by and between the Company and Clearway Renewable Operation & Maintenance LLC Various wholly-owned project 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, to these subsidiaries. The Company incurred total expenses for these services of $9 million and $27 million for each of the three and nine months ended September 30, 2020, respectively. The Company incurred total expenses for these services of $8 million and $22 million for each of the three and nine months ended September 30, 2019, respectively. There was a balance of $9 million and $7 million due to RENOM as of September 30, 2020 and December 31, 2019, respectively. Administrative Services Agreements by and between the Company and CEG Various wholly-owned project subsidiaries of the Company are parties to administrative services agreements with Clearway Asset Services and Clearway Solar Asset Management, two wholly-owned subsidiaries of CEG, which provide various administrative services to the Company's subsidiaries. The Company incurred expenses under these agreements of $3 million and $7 million for each of the three and nine months ended September 30, 2020, respectively. The Company incurred expenses under these agreements of $2 million and $5 million for each of the three and nine months ended September 30, 2019, respectively. CEG Master Services Agreements The Company is a party to Master Services Agreements with CEG, or MSAs, 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, 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. Amounts due to CEG or its subsidiaries related to these MSAs are recorded as accounts payable - affiliate and amounts due to the Company from CEG and subsidiaries are recorded as accounts receivable - affiliate on the Company's consolidated balance sheet. The Company incurred expenses of $0.6 million and $2 million under these agreements for each of the three and nine months ended September 30, 2020, respectively. The expenses under these agreements were immaterial to the Company's financials for each of the three and nine months ended September 30, 2019.

Condensed Consolidating Financi

Condensed Consolidating Financial Information	9 Months Ended
	Sep. 30, 2020
Condensed Consolidating Financial Information Disclosure [Abstract]
Condensed Consolidating Financial Information	Condensed Consolidating Financial Information As of September 30, 2020, Clearway Energy Operating LLC had outstanding $600 million of the 2025 Senior Notes, $350 million of the 2026 Senior Notes and $850 million of the 2028 Senior Notes, collectively Senior Notes, as described in Note 10, Long-term Debt to the consolidated financial statements included in the Company's 2019 Form 10-K. These Senior Notes are guaranteed by the Company, as well as certain of the Company's subsidiaries, or guarantor subsidiaries. These guarantees are both joint and several. The non-guarantor subsidiaries include the rest of the Company's subsidiaries, including those that are subject to project financing. Unless otherwise noted below, each of the following guarantor subsidiaries fully and unconditionally guaranteed the Senior Notes as of September 30, 2020: Alta Wind 1-5 Holding Company, LLC Portfolio Solar I, LLC Alta Wind Company, LLC RPV Holding LLC CBAD Holdings II, LLC Solar Flagstaff One LLC Central CA Fuel Cell 1, LLC Solar Iguana LLC Clearway Energy LLC Solar Las Vegas MB 1 LLC Clearway Energy Operating LLC Solar Tabernacle LLC Clearway Solar Star LLC South Trent Holdings LLC CWEN Pinnacle Repowering Holdings LLC SPP Asset Holdings, LLC DG SREC HoldCo LLC SPP Fund II Holdings, LLC DGPV Holding LLC SPP Fund II, LLC ECP Uptown Campus Holdings LLC SPP Fund II-B, LLC Energy Center Caguas Holdings LLC SPP Fund III, LLC Energy Center Fajardo Holdings LLC Thermal Canada Infrastructure Holdings LLC Energy Center Honolulu Holdings LLC Thermal Hawaii Development Holdings LLC Fuel Cell Holdings LLC Thermal Infrastructure Development Holdings LLC Mesquite Star Holdings LLC UB Fuel Cell, LLC NIMH Solar Holdings LLC Utah Solar Master HoldCo LLC Clearway Energy Operating LLC conducts its business through and derives its income from its subsidiaries. Therefore, its ability to make required payments with respect to its indebtedness and other obligations depends on the financial results and condition of its subsidiaries and Clearway Energy Operating LLC's ability to receive funds from its subsidiaries. There are no restrictions on the ability of any of the guarantor subsidiaries to transfer funds to Clearway Energy Operating LLC. However, there may be restrictions for certain non-guarantor subsidiaries. The following condensed consolidating financial information presents the financial information of Clearway Energy LLC, Clearway Energy Operating LLC, the issuer of the Senior Notes, the guarantor subsidiaries and the non-guarantor subsidiaries in accordance with Rule 3-10 under the SEC Regulation S-X. The financial information may not necessarily be indicative of results of operations or financial position had the guarantor subsidiaries or non-guarantor subsidiaries operated as independent entities. In this presentation, Clearway Energy LLC consists of parent company operations. Guarantor subsidiaries and non-guarantor subsidiaries of Clearway Energy LLC are reported on an equity basis. For companies acquired, the fair values of the assets and liabilities acquired have been presented on a push-down accounting basis. CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Three Months Ended September 30, 2020 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC (Note Issuer) Eliminations (a) Consolidated (In millions) Operating Revenues Total operating revenues $ — $ 4 $ 328 $ 1 $ (1) $ 332 Operating Costs and Expenses Cost of operations — (1) 96 1 (1) 95 Depreciation, amortization and accretion — 1 101 — — 102 General and administrative — — 1 8 — 9 Transaction and integration costs — — — 1 — 1 Development costs — — 2 — — 2 Total operating costs and expenses — — 200 10 (1) 209 Operating Income (Loss) — 4 128 (9) — 123 Other Income (Expense) Equity in earnings (loss) of consolidated affiliates 71 (21) — 87 (137) — Equity in earnings of unconsolidated affiliates — 2 2 15 — 19 Other income, net — — 2 (3) — (1) Loss on debt extinguishment — — (6) — — (6) Interest expense — — (60) (24) — (84) Total other income (expense), net 71 (19) (62) 75 (137) (72) Net Income (Loss) 71 (15) 66 66 (137) 51 Less: Net loss attributable to noncontrolling interests — — (15) (5) — (20) Net Income (Loss) Attributable to Clearway Energy LLC $ 71 $ (15) $ 81 $ 71 $ (137) $ 71 (a) All significant intercompany transactions have been eliminated in consolidation. CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Nine Months Ended September 30, 2020 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC (Note Issuer) Eliminations (a) Consolidated (In millions) Operating Revenues Total operating revenues $ — $ 10 $ 909 $ 2 $ (2) $ 919 Operating Costs and Expenses Cost of operations — — 276 2 (3) 275 Depreciation, amortization and accretion — 4 299 — — 303 General and administrative — — 3 25 1 29 Transaction and integration costs — — — 2 — 2 Development costs — — 2 2 — 4 Total operating costs and expenses — 4 580 31 (2) 613 Operating Income (Loss) — 6 329 (29) — 306 Other Income (Expense) Equity in earnings (loss) of consolidated affiliates 112 (15) — 135 (232) — Equity in (losses) earnings of unconsolidated affiliates — (1) 4 19 — 22 Gain on sale of unconsolidated affiliate — — — 49 — 49 Other income, net — — 2 — — 2 Loss on debt extinguishment — — (6) (3) — (9) Interest expense — — (273) (71) — (344) Total other income (expense), net 112 (16) (273) 129 (232) (280) Net Income (Loss) 112 (10) 56 100 (232) 26 Less: Net loss attributable to noncontrolling interests — — (74) (12) — (86) Net Income (Loss) Attributable to Clearway Energy LLC $ 112 $ (10) $ 130 $ 112 $ (232) $ 112 (a) All significant intercompany transactions have been eliminated in consolidation. CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) For the Three Months Ended September 30, 2020 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC (Note Issuer) Eliminations (a) Consolidated (In millions) Net Income (Loss) $ 71 $ (15) $ 66 $ 66 $ (137) $ 51 Other Comprehensive Income Unrealized income on derivatives 9 — 10 10 (19) 10 Other comprehensive income (loss) 9 — 10 10 (19) 10 Comprehensive Income (Loss) 80 (15) 76 76 (156) 61 Less: Comprehensive loss attributable to noncontrolling interests — — (15) (5) — (20) Comprehensive Income (Loss) Attributable to Clearway Energy LLC $ 80 $ (15) $ 91 $ 81 $ (156) $ 81 (a) All significant intercompany transactions have been eliminated in consolidation. For the Nine Months Ended September 30, 2020 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC (Note Issuer) Eliminations (a) Consolidated (In millions) Net Income (Loss) $ 112 $ (10) $ 56 $ 100 $ (232) $ 26 Other Comprehensive Loss Unrealized loss on derivatives 1 — (2) 1 1 1 Other comprehensive income (loss) 1 — (2) 1 1 1 Comprehensive Income (Loss) 113 (10) 54 101 (231) 27 Less: Comprehensive loss attributable to noncontrolling interests — — (74) (12) — (86) Comprehensive Income (Loss) Attributable to Clearway Energy LLC $ 113 $ (10) $ 128 $ 113 $ (231) $ 113 (a) All significant intercompany transactions have been eliminated in consolidation. CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS September 30, 2020 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC (Note Issuer) Eliminations (a) Consolidated ASSETS (In millions) Current Assets Cash and cash equivalents $ 184 $ — $ 175 $ — $ — $ 359 Restricted cash — — 178 — — 178 Accounts receivable — trade — 3 152 1 — 156 Accounts receivable — affiliate — 4 — 14 (18) — Inventory — — 42 — — 42 Prepayments and other current assets — — 37 1 — 38 Total current assets 184 7 584 16 (18) 773 Property, plant and equipment, net — 53 6,112 — — 6,165 Other Assets Investment in consolidated subsidiaries 1,611 668 — 3,451 (5,730) — Equity investments in affiliates — 143 515 343 — 1,001 Intangible assets, net — 10 1,361 — — 1,371 Right of use assets, net — — 254 2 — 256 Other non-current assets — — 72 3 — 75 Total other assets 1,611 821 2,202 3,799 (5,730) 2,703 Total Assets $ 1,795 $ 881 $ 8,898 $ 3,815 $ (5,748) $ 9,641 (a) All significant intercompany transactions have been eliminated in consolidation. CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS September 30, 2020 (Continued) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC (Note Issuer) Eliminations (a) Consolidated LIABILITIES AND MEMBERS' EQUITY (In millions) Current Liabilities Current portion of long-term debt — external $ — $ — $ 361 $ — $ — $ 361 Current portion of long-term debt — affiliate — — — 2 — 2 Accounts payable — — 44 2 — 46 Accounts payable — affiliate 19 — 17 6 (18) 24 Derivative instruments — — 36 — — 36 Accrued interest expense — — 29 19 — 48 Accrued expenses and other current liabilities — — 82 7 — 89 Total current liabilities 19 — 569 36 (18) 606 Other Liabilities Long-term debt — external — — 4,570 1,787 — 6,357 Derivative instruments — — 150 — — 150 Long-term lease liabilities — — 259 1 — 260 Other non-current liabilities — 1 113 — — 114 Total non-current liabilities — 1 5,092 1,788 — 6,881 Total Liabilities 19 1 5,661 1,824 (18) 7,487 Commitments and Contingencies Members' Equity Contributed capital 1,747 910 2,787 2,080 (5,777) 1,747 Retained earnings (accumulated deficit) 65 (30) 138 (431) 323 65 Accumulated other comprehensive loss (36) — (44) (36) 80 (36) Noncontrolling interest — — 356 378 (356) 378 Total Members' Equity 1,776 880 3,237 1,991 (5,730) 2,154 Total Liabilities and Members’ Equity $ 1,795 $ 881 $ 8,898 $ 3,815 $ (5,748) $ 9,641 (a) All significant intercompany transactions have been eliminated in consolidation. CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 30, 2020 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC (Note Issuer) Consolidated (In millions) Net Cash Provided by (Used In) Operating Activities $ — $ (94) $ 560 $ (25) $ 441 Cash Flows from Investing Activities Intercompany transactions between Clearway Energy LLC and subsidiaries 82 — — (82) — Acquisition of Drop Down Assets — — — (79) (79) Consolidation of DGPV Holdco 3 — — 17 — 17 Capital expenditures — — (95) — (95) Return of investment from unconsolidated affiliates — 6 36 11 53 Investments in unconsolidated affiliates — (11) — — (11) Proceeds from sale of assets — — — 90 90 Insurance proceeds — — 5 — 5 Net Cash Provided by (used in) Investing Activities 82 (5) (37) (60) (20) Cash Flows from Financing Activities Transfer of funds under intercompany cash management arrangement 164 99 (294) 31 — Net contributions from noncontrolling interests — — 146 1 147 Buyout of Repowering Partnership II noncontrolling interest — — — (70) (70) Net proceeds from the issuance of Class C units 58 — — — 58 Payments of dividends and distributions (147) — — — (147) Payments of debt issuance costs — — (8) (2) (10) Proceeds from the revolving credit facility — — — 265 265 Payments for the revolving credit facility — — — (265) (265) Proceeds from the issuance of long-term debt — external — — 520 255 775 Payments for long-term debt — external — — (921) (88) (1,009) Proceeds from long-term debt — affiliate — — — 3 3 Payments for long-term debt — affiliate — — — (45) (45) Net Cash Provided by (Used in) Financing Activities 75 99 (557) 85 (298) Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 157 — (34) — 123 Cash, Cash Equivalents and Restricted Cash at beginning of period 27 — 387 — 414 Cash, Cash Equivalents and Restricted Cash at end of period $ 184 $ — $ 353 $ — $ 537 CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Three Months Ended September 30, 2019 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC Eliminations (a) Consolidated (In millions) Operating Revenues Total operating revenues $ — $ 3 $ 293 $ — $ — $ 296 Operating Costs and Expenses Cost of operations — — 84 — — 84 Depreciation, amortization and accretion — 2 112 — — 114 General and administrative — — 1 6 — 7 Development costs — — — 1 — 1 Total operating costs and expenses — 2 197 7 — 206 Operating Income (Loss) — 1 96 (7) — 90 Other Income (Expense) Equity in income of consolidated affiliates 49 6 — 42 (97) — Equity in earnings of unconsolidated affiliates — 17 9 12 — 38 Other income, net — — 2 — — 2 Interest expense — — (83) (22) — (105) Total other income (expense), net 49 23 (72) 32 (97) (65) Net Income 49 24 24 25 (97) 25 Less: Net loss attributable to noncontrolling interests — — (21) (25) 21 (25) Net Income Attributable to Clearway Energy LLC $ 49 $ 24 $ 45 $ 50 $ (118) $ 50 (a) All significant intercompany transactions have been eliminated in consolidation. CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Nine Months Ended September 30, 2019 Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC Eliminations (a) Consolidated (In millions) Operating Revenues Total operating revenues $ — $ 8 $ 789 $ 1 $ (1) $ 797 Operating Costs and Expenses Cost of operations — 1 244 1 (1) 245 Depreciation, amortization and accretion — 5 284 — — 289 Impairment losses — — 19 — — 19 General and administrative — — 1 18 — 19 Transaction and integration costs — — — 2 — 2 Development costs — — — 4 — 4 Total operating costs and expenses — 6 548 25 (1) 578 Operating Income (Loss) — 2 241 (24) — 219 Other Income (Expense) Equity in (losses) income of consolidated affiliates (32) 5 — 11 16 — Equity in earnings of unconsolidated affiliates — 27 7 18 — 52 Other income, net 1 — 5 — — 6 Loss on debt extinguishment — — (1) — — (1) Interest expense — — (271) (65) — (336) Total other (expense) income, net (31) 32 (260) (36) 16 (279) Net (Loss) Income (31) 34 (19) (60) 16 (60) Less: Net loss attributable to noncontrolling interests — — (18) (29) 18 (29) Net (Loss) Income Attributable to Clearway Energy LLC $ (31) $ 34 $ (1) $ (31) $ (2) $ (31) CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Three months ended September 30, 2019 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC Eliminations (a) Consolidated (In millions) Net Income $ 49 $ 24 $ 24 $ 25 $ (97) $ 25 Other Comprehensive Loss Unrealized loss on derivatives — — (1) (2) 2 (1) Other comprehensive loss — — (1) (2) 2 (1) Comprehensive Income (Loss) 49 24 23 23 (95) 24 Less: Comprehensive loss attributable to noncontrolling interests — — (21) (25) 21 (25) Comprehensive Income Attributable to Clearway Energy LLC $ 49 $ 24 $ 44 $ 48 $ (116) $ 49 (a) All significant intercompany transactions have been eliminated in consolidation. For the Nine Months Ended September 30, 2019 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC Eliminations (a) Consolidated (In millions) Net (Loss) Income $ (31) $ 34 $ (19) $ (60) $ 16 $ (60) Other Comprehensive Income Unrealized gain on derivatives 2 — 4 2 (6) 2 Other comprehensive income 2 — 4 2 (6) 2 Comprehensive (Loss) Income (29) 34 (15) (58) 10 (58) Less: Comprehensive loss attributable to noncontrolling interests — — (18) (28) 18 (28) Comprehensive (Loss) Income Attributable to Clearway Energy LLC $ (29) $ 34 $ 3 $ (30) $ (8) $ (30) (a) All significant intercompany transactions have been eliminated in consolidation. CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2019 Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC Eliminations (a) Consolidated ASSETS (In millions) Current Assets Cash and cash equivalents $ 27 $ — $ 125 $ — $ — $ 152 Restricted cash — — 262 — — 262 Accounts receivable — trade — 2 114 — — 116 Accounts receivable — affiliate — 1 — 1 — 2 Inventory — — 40 — — 40 Prepayments and other current assets — 1 31 1 — 33 Total current assets 27 4 572 2 — 605 Net property, plant and equipment — 63 6,000 — — 6,063 Other Assets Investment in consolidated subsidiaries 1,824 402 — 3,492 (5,718) — Equity investments in affiliates — 342 479 362 — 1,183 Intangible assets, net — 10 1,418 — — 1,428 Right-of-use assets, net — — 222 1 — 223 Other non-current assets — — 100 3 — 103 Total other assets 1,824 754 2,219 3,858 (5,718) 2,937 Total Assets $ 1,851 $ 821 $ 8,791 $ 3,860 $ (5,718) $ 9,605 (a) All significant intercompany transactions have been eliminated in consolidation. CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2019 (Continued) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC Eliminations (a) Consolidated LIABILITIES AND MEMBERS' EQUITY (In millions) Current Liabilities Current portion of long-term debt — external $ — $ — $ 1,692 $ 88 $ — $ 1,780 Current portion of long-term debt — affiliate — — — 44 — 44 Accounts payable — trade — — 64 9 — 73 Accounts payable — affiliate 1 6 20 6 — 33 Derivative instruments — — 16 — — 16 Accrued interest expense — — 24 17 — 41 Accrued expenses and other current liabilities — — 65 6 — 71 Total current liabilities 1 6 1,881 170 — 2,058 Other Liabilities Long-term debt — external — — 3,424 1,532 — 4,956 Derivative instruments — — 76 — — 76 Long-term lease liabilities — — 226 1 — 227 Other non-current liabilities — 2 105 8 — 115 Total non-current liabilities — 2 3,831 1,541 — 5,374 Total Liabilities 1 8 5,712 1,711 — 7,432 Commitments and Contingencies Members' Equity Contributed capital 1,882 794 2,808 2,257 (5,859) 1,882 Retained earnings (Accumulated deficit) 5 19 23 (396) 354 5 Accumulated other comprehensive loss (37) — (42) (37) 79 (37) Noncontrolling Interest — — 290 325 (292) 323 Total Members' Equity 1,850 813 3,079 2,149 (5,718) 2,173 Total Liabilities and Members’ Equity $ 1,851 $ 821 $ 8,791 $ 3,860 $ (5,718) $ 9,605 (a) All significant intercompany transactions have been eliminated in consolidation. CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 30, 2019 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC Consolidated (In millions) Net Cash Provided by Operating Activities $ 59 $ 7 $ 258 $ 49 $ 373 Cash Flows from Investing Activities Intercompany transactions between Clearway Energy LLC and subsidiaries (210) — — 210 — Acquisition — — — (100) (100) Acquisition of Drop Down Asset — — — (6) (6) Buyout of Wind TE Holdco noncontrolling interest — — — (19) (19) Capital expenditures — — (200) — (200) Return of investment from unconsolidated affiliates — 7 26 4 37 Net investments in unconsolidated affiliates — (14) — — (14) Insurance proceeds — — 2 — 2 Net Cash (Used in) Provided by Investing Activities (210) (7) (172) 89 (300) Cash Flows from Financing Activities Transfer of funds under intercompany cash management arrangement 5 — (6) 1 — Net contributions (distributions) from noncontrolling interests — — 28 (43) (15) (Payments of) proceeds from distributions (116) — (121) 121 (116) Payment of debt issuance costs — — (13) (2) (15) Proceeds from the revolving credit facility — — — 22 22 Payments for the revolving credit facility — — — (22) (22) Proceeds from the issuance of long-term debt-external — — 586 — 586 Payments for long-term debt — external — — (480) — (480) Payments for long-term debt — affiliate (7) — — (215) (222) Net Cash (Used in) Provided by Financing Activities (118) — (6) (138) (262) Net Decrease in Cash, Cash Equivalents and Restricted Cash (269) — 80 — (189) Cash, Cash Equivalents and Restricted Cash at beginning of period 298 — 285 — 583 Cash, Cash Equivalents and Restricted Cash at end of period $ 29 $ — $ 365 $ — $ 394

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies This note should be read in conjunction with the complete description under Note 14, Commitments and Contingencies , to the Company's 2019 Form 10-K. Contingencies The Company's material legal proceedings are described below. The Company believes that it has valid defenses to these legal proceedings and intends to defend them vigorously. The Company records reserves for estimated losses from contingencies when information available indicates that a loss is probable and the amount of the loss, or range of loss, can be reasonably estimated. As applicable, the Company has established an adequate reserve for the matters discussed below. In addition, legal costs are expensed as incurred. Management assesses such matters based on current information and makes a judgment concerning its potential outcome, considering the nature of the claim, the amount and nature of damages sought, and the probability of success. The Company is unable to predict the outcome of the legal proceedings below or reasonably estimate the scope or amount of any associated costs and potential liabilities. As additional information becomes available, management adjusts its assessment and estimates of such contingencies accordingly. Because litigation is subject to inherent uncertainties and unfavorable rulings or developments, it is possible that the ultimate resolution of the Company's liabilities and contingencies could be at amounts that are different from its currently recorded reserves and that such difference could be material. In addition to the legal proceedings noted below, the Company and its subsidiaries are party to other litigation or legal proceedings arising in the ordinary course of business. In management's opinion, the disposition of these ordinary course matters will not materially adversely affect the Company's consolidated financial position, results of operations, or cash flows. Nebraska Public Power District Litigation On January 11, 2019, Nebraska Public Power District, or NPPD, sent written notice to certain of the Company’s subsidiaries which own the Laredo Ridge and Elkhorn Ridge wind projects alleging an event of default under each of the PPAs between NPPD and the projects. NPPD alleges that the Company moved forward with certain transactions without obtaining the consent of NPPD. NPPD threatened to terminate the applicable PPAs by February 11, 2019 if the alleged default was not cured. The Company filed a motion for a temporary restraining order and preliminary injunction in the U.S. District Court for the District of Nebraska relating to the Laredo Ridge project, and a similar motion in the District Court of Knox County, Nebraska for the Elkhorn Ridge project, to enjoin NPPD from taking any actions related to the PPAs. On February 19, 2019, the U.S. District Court in the Laredo Ridge matter approved a stipulation between the parties to provide for an injunction preventing NPPD from terminating the PPA pending disposition of the litigation. On February 26, 2019, the Knox County District Court approved a similar stipulation relating to the Elkhorn Ridge project. On April 13, 2020, the U.S. District Court granted the wind projects' motion for summary judgment and permanently enjoined NPPD from terminating the PPAs in reliance on the alleged events of default. The U.S. District Court decision was appealed by NPPD on May 11, 2020 and the case in the Knox County District Court remains pending, but has been stayed pending the outcome of the U.S. District Court case. The Company believes the allegations of NPPD are meritless and the Company is vigorously defending its rights under the PPAs. Buckthorn Solar Litigation On October 8, 2019, the City of Georgetown, Texas, or Georgetown, filed a petition in the District Court of Williamson County, Texas naming Buckthorn Westex, LLC, the Company’s subsidiary that owns the Buckthorn Westex solar project, as the defendant, alleging fraud by nondisclosure and breach of contract in connection with the project and the PPA, and seeking (i) rescission and/or cancellation of the PPA, (ii) declaratory judgment that the alleged breaches constitute an event of default under the PPA entitling Georgetown to terminate, and (iii) recovery of all damages, costs of court, and attorneys’ fees. On November 15, 2019, Buckthorn Westex filed an original answer and counterclaims (i) denying Georgetown’s claims, (ii) alleging Georgetown has breached its contracts with Buckthorn Westex by failing to pay amounts due, and (iii) seeking relief in the form of (x) declaratory judgment that Georgetown’s alleged failure to pay amounts due constitute breaches of and an event of default under the PPA and that Buckthorn did not commit any events of default under the PPA, (y) recovery of costs, expenses, interest, and attorneys’ fees, and (z) such other relief to which it is entitled at law or in equity. Buckthorn Westex believes the allegations of Georgetown are meritless, and Buckthorn Westex is vigorously defending its rights under the PPA.

Leases

Leases	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Leases	Leases Accounting for Leases The Company evaluates each arrangement at inception to determine if it contains a lease. All of the Company’s leases are operating leases as of September 30, 2020. Lessee The Company records its operating lease liabilities at the present value at lease commencement date of the lease payments over the lease term. Lease payments include fixed payment amounts, as well as variable rate payments based on an index initially measured at lease commencement date. Variable payments, including payments based on future performance and based on index changes, are recorded as the expense is incurred. The Company determines the relevant lease term by evaluating whether renewal and termination options are reasonably to certain to be exercised. The Company uses its incremental borrowing rate to calculate the present value of the lease payments, based on information available at the lease commencement date. The Company’s leases consist of land leases for numerous operating asset locations, real estate leases and equipment leases. The terms and conditions for these leases vary by the type of underlying asset. Lease expense was comprised of the following: Three months ended September 30, 2020 Three months ended September 30, 2019 Nine months ended September 30, 2020 Nine months ended September 30, 2019 (In millions) Operating lease cost - Fixed $ 5 $ 2 $ 14 $ 6 Operating lease cost - Variable 2 3 7 10 Total lease cost $ 7 $ 5 $ 21 $ 16 The Company lease liabilities as of September 30, 2020 and December 31, 2019 comprised of the following: September 30, 2020 December 31, 2019 (In millions, except term and rate) ROU Assets - operating leases, net $ 256 $ 223 Short-term lease liability - operating leases (a) 7 7 Long-term lease liability - operating leases 260 227 Total lease liability $ 267 $ 234 Weighted average remaining lease term 24 25 Weighted average discount rate 4.3 % 4.4 % Nine months ended September 30, 2020 Nine months ended September 30, 2019 Cash paid for operating leases $ 13 $ 7 (a) Short-term lease liability balances are included within the accrued expenses and other current liabilities line item of the consolidated balance sheets as of September 30, 2020 and December 31, 2019. Maturities of operating lease liabilities as of September 30, 2020 are as follows: (In millions) Remainder of 2020 $ 5 2021 18 2022 18 2023 18 2024 18 Thereafter 332 Total lease payments 409 Less imputed interest (142) Total lease liability - operating leases $ 267 Oahu Solar Lease Agreements The Oahu Solar projects are party to various land lease agreements with a wholly owned subsidiary of CEG. The projects are leasing the land for a period of 35 years, with the ability to renew the lease for two additional five Lessor The majority of the Company’s revenue is obtained through PPAs or other contractual agreements that are accounted for as leases. These leases are comprised of both fixed payments and variable payments contingent upon volumes or performance metrics. The terms of the leases are further described in Item 2 — MD&A, Introduction, Environmental, Regulatory of this Form 10-Q. Many of the leases have renewal options at the end of the lease term. Termination may be allowed under specific circumstances in the lease arrangements, such as under an event of default. All but one of the Company’s leases are operating leases. The remaining lease met the criteria of a s ales-type lease and the impact of this sales-type lease to the consolidated financial statements was immaterial. Certain of these leases have both lease and non-lease components, and the Company allocates the transaction price to the components based on standalone selling prices. As disclosed in Note 2, Summary of Significant Accounting Policies , the following amounts of energy and capacity revenue are related to the Company’s operating leases: Three months ended September 30, 2020 (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 3 $ 153 $ — $ 156 Capacity revenue 119 — — 119 Operating revenue $ 122 $ 153 $ — $ 275 Nine months ended September 30, 2020 (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 6 $ 449 $ 1 $ 456 Capacity revenue 338 — — 338 Operating revenue $ 344 $ 449 $ 1 $ 794 Three months ended September 30, 2019 (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 2 $ 160 $ 1 $ 163 Capacity revenue 89 — — 89 Operating revenue $ 91 $ 160 $ 1 $ 252 Nine months ended September 30, 2019 (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 4 $ 416 $ 2 $ 422 Capacity revenue 253 — — 253 Operating revenue $ 257 $ 416 $ 2 $ 675 Minimum future rent payments under the operating leases for the remaining periods as of September 30, 2020. (In millions) Remainder of 2020 $ 117 2021 444 2022 450 2023 259 2024 106 Thereafter 1,605 Total lease payments $ 2,981 Property, plant and equipment, net related to the Company’s operating leases were as follows: (In millions) September 30, 2020 December 31, 2019 Property, plant and equipment $ 6,975 $ 6,942 Accumulated depreciation (1,854) (1,649) Net property, plant and equipment $ 5,121 $ 5,293
Leases	Leases Accounting for Leases The Company evaluates each arrangement at inception to determine if it contains a lease. All of the Company’s leases are operating leases as of September 30, 2020. Lessee The Company records its operating lease liabilities at the present value at lease commencement date of the lease payments over the lease term. Lease payments include fixed payment amounts, as well as variable rate payments based on an index initially measured at lease commencement date. Variable payments, including payments based on future performance and based on index changes, are recorded as the expense is incurred. The Company determines the relevant lease term by evaluating whether renewal and termination options are reasonably to certain to be exercised. The Company uses its incremental borrowing rate to calculate the present value of the lease payments, based on information available at the lease commencement date. The Company’s leases consist of land leases for numerous operating asset locations, real estate leases and equipment leases. The terms and conditions for these leases vary by the type of underlying asset. Lease expense was comprised of the following: Three months ended September 30, 2020 Three months ended September 30, 2019 Nine months ended September 30, 2020 Nine months ended September 30, 2019 (In millions) Operating lease cost - Fixed $ 5 $ 2 $ 14 $ 6 Operating lease cost - Variable 2 3 7 10 Total lease cost $ 7 $ 5 $ 21 $ 16 The Company lease liabilities as of September 30, 2020 and December 31, 2019 comprised of the following: September 30, 2020 December 31, 2019 (In millions, except term and rate) ROU Assets - operating leases, net $ 256 $ 223 Short-term lease liability - operating leases (a) 7 7 Long-term lease liability - operating leases 260 227 Total lease liability $ 267 $ 234 Weighted average remaining lease term 24 25 Weighted average discount rate 4.3 % 4.4 % Nine months ended September 30, 2020 Nine months ended September 30, 2019 Cash paid for operating leases $ 13 $ 7 (a) Short-term lease liability balances are included within the accrued expenses and other current liabilities line item of the consolidated balance sheets as of September 30, 2020 and December 31, 2019. Maturities of operating lease liabilities as of September 30, 2020 are as follows: (In millions) Remainder of 2020 $ 5 2021 18 2022 18 2023 18 2024 18 Thereafter 332 Total lease payments 409 Less imputed interest (142) Total lease liability - operating leases $ 267 Oahu Solar Lease Agreements The Oahu Solar projects are party to various land lease agreements with a wholly owned subsidiary of CEG. The projects are leasing the land for a period of 35 years, with the ability to renew the lease for two additional five Lessor The majority of the Company’s revenue is obtained through PPAs or other contractual agreements that are accounted for as leases. These leases are comprised of both fixed payments and variable payments contingent upon volumes or performance metrics. The terms of the leases are further described in Item 2 — MD&A, Introduction, Environmental, Regulatory of this Form 10-Q. Many of the leases have renewal options at the end of the lease term. Termination may be allowed under specific circumstances in the lease arrangements, such as under an event of default. All but one of the Company’s leases are operating leases. The remaining lease met the criteria of a s ales-type lease and the impact of this sales-type lease to the consolidated financial statements was immaterial. Certain of these leases have both lease and non-lease components, and the Company allocates the transaction price to the components based on standalone selling prices. As disclosed in Note 2, Summary of Significant Accounting Policies , the following amounts of energy and capacity revenue are related to the Company’s operating leases: Three months ended September 30, 2020 (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 3 $ 153 $ — $ 156 Capacity revenue 119 — — 119 Operating revenue $ 122 $ 153 $ — $ 275 Nine months ended September 30, 2020 (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 6 $ 449 $ 1 $ 456 Capacity revenue 338 — — 338 Operating revenue $ 344 $ 449 $ 1 $ 794 Three months ended September 30, 2019 (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 2 $ 160 $ 1 $ 163 Capacity revenue 89 — — 89 Operating revenue $ 91 $ 160 $ 1 $ 252 Nine months ended September 30, 2019 (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 4 $ 416 $ 2 $ 422 Capacity revenue 253 — — 253 Operating revenue $ 257 $ 416 $ 2 $ 675 Minimum future rent payments under the operating leases for the remaining periods as of September 30, 2020. (In millions) Remainder of 2020 $ 117 2021 444 2022 450 2023 259 2024 106 Thereafter 1,605 Total lease payments $ 2,981 Property, plant and equipment, net related to the Company’s operating leases were as follows: (In millions) September 30, 2020 December 31, 2019 Property, plant and equipment $ 6,975 $ 6,942 Accumulated depreciation (1,854) (1,649) Net property, plant and equipment $ 5,121 $ 5,293

Asset Impairments

Asset Impairments	9 Months Ended
	Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Asset Impairments	Asset ImpairmentsThe Company recorded an impairment loss of $19 million related to a facility in the Thermal segment during the second quarter of 2019. The fair value of the facility was determined using an income approach by applying a discounted cash flow methodology to the long-term budgets for each respective plant. The income approach utilized estimates of discounted future cash flows, which were Level 3 fair value measurement and include key inputs, such as forecasted power prices, operations and maintenance expense, and discount rates. The Company measured the impairment loss as the difference between the carrying amount and the fair value of the assets.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
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, and the reported amounts of revenues and expenses during the reporting period. Actual results could be different from these estimates.
Revenue Recognition	Revenue Recognition Revenue from Contracts with Customers The Company applies the guidance in ASC 606, Revenue from Contracts with Customers, or Topic 606, when recognizing revenue associated with its contracts with customers. The Company's policies with respect to its various revenue streams are detailed below. In general, the Company applies the invoicing practical expedient to recognize revenue for the revenue streams detailed below, except in circumstances where the invoiced amount does not represent the value transferred to the customer. Thermal Revenues Steam and chilled water revenue is recognized as the Company transfers the product to the customer, based on customer usage as determined by meter readings taken at month-end. Some locations read customer meters throughout the month and recognize estimated revenue for the period between meter read date and month-end. For thermal contracts, the Company’s performance obligation to deliver steam and chilled water is satisfied over time and revenue is recognized based on the invoiced amount. The Thermal Business subsidiaries collect, and remit state and local taxes associated with sales to their customers, as required by governmental authorities. These taxes are presented on a net basis in the income statement. As contracts for steam and chilled water are long-term contracts, the Company has performance obligations under these contracts that have not yet been satisfied. These performance obligations have transaction prices that are both fixed and variable, and which vary based on the contract duration, customer type, inception date and other contract-specific factors. For the fixed price contracts, the Company cannot accurately estimate the amount of its unsatisfied performance obligations as it will vary based on customer usage, which will depend on factors such as weather and customer activity. Power Purchase Agreements The majority of the Company’s revenues are obtained through PPAs or other contractual agreements. Energy, capacity and where applicable, renewable attributes, from the majority of the Company’s renewable energy assets and certain conventional energy plants is sold through long-term PPAs and tolling agreements to a single counterparty, which is often a utility or commercial customer. The majority of these PPAs are accounted for as leases. Previously ASC 840, and currently ASC 842, requires the minimum lease payments received to be amortized over the term of the lease and contingent rentals are recorded when the achievement of the contingency becomes probable. Management's judgment is required in determining the economic life of each generating facility, in evaluating whether certain lease provisions constitute minimum payments or represent contingent rent and other factors in determining whether a contract contains a lease and whether the lease is an operating lease or sales-type lease. Renewable Energy Credits Renewable energy credits, or RECs, are usually sold through long-term PPAs. Revenue from the sale of self-generated RECs is recognized when the related energy is generated and simultaneously delivered even in cases where there is a certification lag as it has been deemed to be perfunctory. In a bundled contract to sell energy, capacity and/or self-generated RECs, all performance obligations are deemed to be delivered at the same time and hence, timing of recognition of revenue for all performance obligations is the same and occurs over time. In such cases, it is often unnecessary to allocate transaction price to multiple performance obligations. Contract Amortization Assets and liabilities recognized from power sales agreements assumed through acquisitions related to the sale of electric capacity and energy in future periods for which the fair value has been determined to be significantly less (more) than market are amortized to revenue over the term of each underlying contract based on actual generation and/or contracted volumes or on a straight-line basis, where applicable.
Recently Issued Accounting Standards Not Yet Adopted	Recently Issued Accounting Standards Adopted in 2020In March 2020, the FASB issued ASU 2020-4, Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The amendments provide for optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria is met. These amendments apply only to contracts that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. The Company intends to apply the amendments to all its eligible contract modifications where applicable.
Reclassification	Reclassification Certain prior year amounts have been reclassified for comparative purposes.
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, renewable businesses which consist of solar and wind, and the thermal and chilled water business. The Corporate segment reflects the Company's corporate costs. 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 economic gross margin and net income (loss).

Nature of Business (Tables)

Nature of Business (Tables)	9 Months Ended
	Sep. 30, 2020
Nature of Business Disclosure [Abstract]
Clearway Energy Organizational Structure	The following table represents the structure of the Company as of September 30, 2020:

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2020
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 statements of cash flows: September 30, 2020 December 31, 2019 (In millions) Cash and cash equivalents $ 359 $ 152 Restricted cash 178 262 Cash, cash equivalents and restricted cash shown in the statement of cash flows $ 537 $ 414
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 statements of cash flows: September 30, 2020 December 31, 2019 (In millions) Cash and cash equivalents $ 359 $ 152 Restricted cash 178 262 Cash, cash equivalents and restricted cash shown in the statement of cash flows $ 537 $ 414
Schedule of Accumulated Depreciation and Amortization	Accumulated Depreciation, Accumulated Amortization The following table presents the accumulated depreciation included in the property, plant and equipment, net, and accumulated amortization included in intangible assets, net, respectively, as of September 30, 2020 and December 31, 2019: September 30, 2020 December 31, 2019 (In millions) Property, Plant and Equipment Accumulated Depreciation $ 2,135 $ 1,880 Intangible Assets Accumulated Amortization 461 394
Distributions Made to Limited Liability Company (LLC) Member, by Distribution	The following table lists distributions paid on the Company's Class A, B, C and D units during the nine months ended September 30, 2020: Third Quarter 2020 Second Quarter 2020 First Quarter 2020 Distributions per Class A, B, C and D unit $ 0.3125 $ 0.2100 $ 0.2100
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 for the three and nine months ended September 30, 2020 and 2019 respectively: Three months ended September 30, 2020 (In millions) Conventional Generation Renewables Thermal Total Energy revenue (a) $ 3 $ 166 $ 27 $ 196 Capacity revenue (a) 119 — 24 143 Contract amortization (6) (15) (1) (22) Other revenue — 6 9 15 Total operating revenue 116 157 59 332 Less: Lease revenue (122) (153) — (275) Less: Contract amortization 6 15 1 22 Total revenue from contracts with customers $ — $ 19 $ 60 $ 79 (a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 3 $ 153 $ — $ 156 Capacity revenue 119 — — 119 Total $ 122 $ 153 $ — $ 275 Nine months ended September 30, 2020 (In millions) Conventional Generation Renewables Thermal Total Energy revenue (a) $ 6 $ 486 $ 77 $ 569 Capacity revenue (a) 338 — 50 388 Contract amortization (18) (46) (2) (66) Other revenue — 12 24 36 Mark-to-market for economic hedges — (8) — (8) Total operating revenue 326 444 149 919 Less: Mark-to-market for economic hedges — 8 — 8 Less: Lease revenue (344) (449) (1) (794) Less: Contract amortization 18 46 2 66 Total revenue from contracts with customers $ — $ 49 $ 150 $ 199 (a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 6 $ 449 $ 1 $ 456 Capacity revenue 338 — — 338 Total $ 344 $ 449 $ 1 $ 794 Three months ended September 30, 2019 (In millions) Conventional Generation Renewables Thermal Total Energy revenue (a) $ 2 $ 167 $ 33 $ 202 Capacity revenue (a) 89 — 14 103 Contract amortization (1) (16) (1) (18) Mark-to-market for economic hedges — (2) — (2) Other revenue — 2 9 11 Total operating revenue 90 151 55 296 Less: Mark-to-market for economic hedges — 2 — 2 Less: Lease revenue (91) (160) (1) (252) Less: Contract amortization 1 16 1 18 Total revenue from contracts with customers $ — $ 9 $ 55 $ 64 (a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 2 $ 160 $ 1 $ 163 Capacity revenue 89 — — 89 Total $ 91 $ 160 $ 1 $ 252 Nine months ended September 30, 2019 (In millions) Conventional Generation Renewables Thermal Total Energy revenue (a) $ 4 $ 441 $ 91 $ 536 Capacity revenue (a) 253 — 41 294 Contract amortization (4) (46) (2) (52) Mark-to-market for economic hedges — (9) — (9) Other revenue — 6 22 28 Total operating revenue 253 392 152 797 Less: Mark-to-market for economic hedges — 9 — 9 Less: Lease revenue (257) (416) (2) (675) Less: Contract amortization 4 46 2 52 Total revenue from contracts with customers $ — $ 31 $ 152 $ 183 (a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 4 $ 416 $ 2 $ 422 Capacity revenue 253 — — 253 Total $ 257 $ 416 $ 2 $ 675
Contract Asset and Liability	The following table reflects the contract assets and liabilities included on the Company’s balance sheet as of September 30, 2020: (In millions) Accounts receivable, net - Contracts with customers $ 37 Accounts receivable, net - Leases 119 Total accounts receivable, net $ 156

Investments Accounted for by _2

Investments Accounted for by the Equity Method and Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Variable Interest Entities	Summarized financial information for the Company's consolidated VIEs consisted of the following as of September 30, 2020: (In millions) Oahu Solar Partnership Kawailoa Partnership Elbow Creek TE Holdco Wildorado TE Holdco DGPV Holdco 3 Alta TE Holdco Spring Canyon Buckthorn Renewables LLC Other (a) Other current and non-current assets $ 25 $ 24 $ 10 $ 16 $ 61 $ 58 $ 3 $ 3 $ 5 Property, plant and equipment 182 142 102 244 329 363 82 209 8 Intangible assets — — 1 — 1 228 — — — Total assets 207 166 113 260 391 649 85 212 13 Current and non-current liabilities 125 116 27 12 276 44 5 7 3 Total liabilities 125 116 27 12 276 44 5 7 3 Noncontrolling interest 25 35 74 107 3 38 29 62 — Net assets less noncontrolling interests $ 57 $ 15 $ 12 $ 141 $ 112 $ 567 $ 51 $ 143 $ 10 (a) Other is comprised of Crosswinds and Hardin projects. The following table shows the balances that were consolidated effective on May 29, 2020: (In millions) May 29, 2020 Current assets $ 32 Property, plant and equipment 331 Intangible assets 1 Other non-current assets 37 Total assets $ 401 Debt 206 Other current and non-current liabilities 84 Total liabilities $ 290 Noncontrolling interests and redeemable noncontrolling interests 6 Net assets less noncontrolling interests $ 105
Equity Method Investments	The Company's maximum exposure to loss as of September 30, 2020 is limited to its equity investment in the unconsolidated entities, as further summarized in the table below: Name Economic Investment Balance (In millions) Utah Solar Portfolio (a) 50% $ 268 Desert Sunlight 25% 257 Agua Caliente Solar 16% 89 GenConn 50% 90 DGPV Holdco 1 LLC (a) 95% 81 DGPV Holdco 2 LLC (a) 95% 63 San Juan Mesa 75% 42 Elkhorn Ridge 66.7% 39 Avenal 50% (5) Mesquite Star (a) 50% 77 $ 1,001 ( a ) VIEs and tax equity structures and economic interest are based on cash to be distributed The following tables present summarized financial information for the Company's significant equity method investments: Three months ended September 30, Nine months ended September 30, (In millions) 2020 2019 2020 2019 Income Statement Data: DGPV Holdco 3 (a) Operating revenue $ — $ 9 $ 14 $ 22 Operating income — 6 6 11 Net income (loss) $ — $ 16 $ (12) $ 24 ( a) Year to date as of the reconsideration event on May 29, 2020 (In millions) As of September 30, 2020 As of December 31, 2019 Balance Sheet Data: DGPV Holdco 3 (a) Current assets $ — $ 39 Non-current assets — 371 Current liabilities — 61 Non-current liabilities — 216 Redeemable noncontrolling interest $ — $ (1) ( a) DGPV Holdco 3 was no longer an equity method investment as of the reconsideration event on May 29, 2020

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Estimated carrying values and fair values of the Company's recorded financial instruments	The estimated carrying amounts and fair values of the Company’s recorded financial instruments not carried at fair market value are as follows: As of September 30, 2020 As of December 31, 2019 Carrying Amount Fair Value Carrying Amount Fair Value (In millions) Long-term debt, including current portion (a) $ 6,799 $ 6,875 $ 6,813 $ 6,913 (a) Excludes net debt issuance costs, which are recorded as a reduction to long-term debt on the Company's consolidated balance sheets.
Fair Value Option, Disclosures	The following table presents the level within the fair value hierarchy for long-term debt, including current portion as of September 30, 2020 and December 31, 2019: As of September 30, 2020 As of December 31, 2019 Level 2 Level 3 Level 2 Level 3 (In millions) Long-term debt, including current portion $ 1,874 $ 5,001 $ 1,735 $ 5,221
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	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 September 30, 2020 As of December 31, 2019 Fair Value (a) Fair Value (a) (In millions) Level 2 Level 3 Level 2 Level 3 Derivative liabilities: Commodity contracts $ — $ 17 $ — $ 9 Interest rate contracts 169 — 83 — Total liabilities $ 169 $ 17 $ 83 $ 9 (a) There were no derivative assets classified as Level 1, Level 2 or Level 3 and no liabilities classified as Level 1 as of September 30, 2020 and as of December 31, 2019. The following table reconciles the beginning and ending balances for instruments that are recognized at fair value in the condensed consolidated financial statements using significant unobservable inputs: Three months ended September 30, Nine months ended September 30, 2020 2019 2020 2019 (In millions) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Beginning balance $ (17) $ (7) $ (9) $ — Total losses for the period included in earnings — (2) (8) (2) Purchases — — — (7) Ending balance $ (17) $ (9) $ (17) $ (9) Change in unrealized losses included in earnings for derivatives held as of September 30, 2020 $ — $ 8
Fair Value Measurement Inputs and Valuation Techniques	The following tables quantify the significant unobservable inputs used in developing the fair value of the Company's Level 3 positions as of September 30, 2020: September 30, 2020 Fair Value Input/Range Assets Liabilities Valuation Technique Significant Unobservable Input Low High Weighted Average (In millions) Power Contracts $ — $ (17) Discounted Cash Flow Forward Market Price (per MWh) 9.21 37.46 16.32 The following table provides sensitivity of fair value measurements to increases/(decreases) in significant unobservable inputs as of September 30, 2020: Significant Observable Input Position Change In Input Impact on Fair Value Measurement Forward Market Price Power Buy Increase/(Decrease) Higher/(Lower) Forward Market Price Power Sell Increase/(Decrease) Lower/(Higher)

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net notional volume buy/(sell) of NRG Yield's open derivative transactions broken out by commodity	The following table summarizes the net notional volume buy of the Company's open derivative transactions broken out by type: Total Volume September 30, 2020 December 31, 2019 Commodity Units (In millions) Natural Gas MMBtu 1 2 Power MWh (2) (2) Interest Dollars $ 1,769 $ 1,788
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 balance sheet: Fair Value Derivative Liabilities September 30, 2020 December 31, 2019 (In millions) Derivatives Designated as Cash Flow Hedges: Interest rate contracts current $ 7 $ 3 Interest rate contracts long-term 14 11 Total Derivatives Designated as Cash Flow Hedges 21 14 Derivatives Not Designated as Cash Flow Hedges: Interest rate contracts current 29 13 Interest rate contracts long-term 119 56 Commodity contracts long-term 17 9 Total Derivatives Not Designated as Cash Flow Hedges 165 78 Total Derivatives $ 186 $ 92
Offsetting of derivatives by counterparty master agreement level and collateral received or paid	The following tables summarize the offsetting of derivatives by the counterparty master agreement level as of September 30, 2020 and December 31, 2019: As of September 30, 2020 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Commodity contracts: (In millions) Derivative liabilities $ (17) $ — $ (17) Total commodity contracts (17) — (17) Interest rate contracts: Derivative liabilities (169) — (169) Total interest rate contracts (169) — (169) Total derivative instruments $ (186) $ — $ (186) As of December 31, 2019 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Commodity contracts: (In millions) Derivative liabilities $ (9) $ (1) $ (10) Total commodity contracts (9) (1) (10) Interest rate contracts: Derivative liabilities (83) 1 (82) Total interest rate contracts (83) 1 (82) Total derivative instruments $ (92) $ — $ (92)
Effects of NRG Yield's accumulated OCI balance attributable to interest rate swaps designated as cash flow hedge derivatives, net of tax	Accumulated Other Comprehensive Loss The following table summarizes the effects on the Company’s accumulated OCL balance attributable to interest rate swaps designated as cash flow hedge derivatives : Three months ended September 30, Nine months ended September 30, 2020 2019 2020 2019 (In millions) Accumulated OCL beginning balance $ (46) $ (42) $ (37) $ (45) Reclassified from accumulated OCL to income due to realization of previously deferred amounts $ 3 4 7 21 Mark-to-market of cash flow hedge accounting contracts $ 6 (5) (7) (19) Accumulated OCL attributable to Clearway Energy LLC $ (37) $ (43) $ (37) $ (43) Losses expected to be realized from OCL during the next 12 months $ (13) $ (13)
Impact of Derivative Instruments on the Statements of Operations	Gains and losses related to the Company's derivatives are recorded in the consolidated statements of operations as follows: Three months ended September 30, Nine months ended September 30, 2020 2019 2020 2019 (In millions) Interest Rate Contracts (Interest Expense) $ 39 $ (28) $ (53) $ (82) Mark-to-market economic hedging activities (a) — — (8) — (a) Relates to long-term power hedge at Elbow Creek Wind Project LLC, or Elbow Creek.

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of 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 2019 Form 10-K. Long-term debt consisted of the following: (In millions, except rates) September 30, 2020 December 31, 2019 September 30, 2020 interest rate % (a) Letters of Credit Outstanding at September 30, 2020 Long-term debt — affiliate, due 2020 (b) $ — $ 44 3.325 Intercompany Note with Clearway Energy, Inc. 2 — 1.490 2024 Senior Notes (c) — 88 5.375 2025 Senior Notes 600 600 5.750 2026 Senior Notes 350 350 5.000 2028 Senior Notes 850 600 4.750 Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2023 (d) — — L+2.00 59 Project-level debt: Alpine, due 2022 (e) — 119 L+2.00 — Alta Wind I-V lease financing arrangements, due 2034 and 2035 816 844 5.696 - 7.015 29 Buckthorn Solar, due 2025 127 129 L+1.750 26 Carlsbad Holdco, due 2038 215 216 4.210 9 Carlsbad Energy Holdings LLC, due 2027 and 2038 568 582 various 67 Chestnut Borrower, LLC, due 2024 109 — L+2.50 8 CS4 Borrower, due 2026 103 — L+2.00 4 CVSR, due 2037 675 696 2.339 - 3.775 — CVSR Holdco Notes, due 2037 176 182 4.680 13 Duquesne, due 2059 95 95 4.620 — El Segundo Energy Center, due 2023 250 303 L+1.875 - L+2.500 138 Energy Center Minneapolis Series D, E, F, G, H Notes, due 2025-2037 327 328 various — Laredo Ridge, due 2028 80 84 L+2.125 10 Kansas South, due 2030 23 24 L+2.25 2 Kawailoa Solar Holdings LLC, due 2026 82 82 L+1.375 13 Marsh Landing, due 2023 164 206 L+2.125 38 NIMH Solar, due 2024 193 — L+2.00 11 Oahu Solar Holdings LLC, due 2026 90 91 L+1.375 11 Repowering Partnership Holdco LLC, due 2020 (c) — 228 L+.85 — South Trent, due 2028 39 43 L+1.350 12 Tapestry, due 2031 147 156 L+1.375 18 Utah Solar Holdings, due 2036 296 — 3.59 9 Utah Solar Portfolio, due 2022 (e) — 254 L+1.625 — Viento, due 2023 35 42 L+2.00 12 Walnut Creek, due 2023 140 175 L+1.75 80 Other (f) 242 296 various 29 Subtotal project-level debt: 4,992 5,175 Total debt 6,794 6,857 Less current maturities (363) (1,824) Less net debt issuance costs (79) (77) Add premiums (g) 5 — Total long-term debt $ 6,357 $ 4,956 (a) As of September 30, 2020, L+ equals 3 month LIBOR plus x%, except for Viento, due 2023 and Kansas South, due 2030 where L+ equals 6 month LIBOR plus x% (b) Matured and repaid in the second quarter of 2020 (c) Repaid in the first quarter of 2020, as further described below (d) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement (e) Repaid in the third quarter of 2020, as further described below (f) December 31, 2019 includes Blythe and Roadrunner debt outstanding of $14 million and $28 million, respectively which were repaid in the third quarter of 2020, as further described below (g) Premiums relate to the 2028 Senior Notes

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Three months ended September 30, 2020 (In millions) Conventional Generation Renewables Thermal Corporate Total Operating revenues $ 116 $ 157 $ 59 $ — $ 332 Cost of operations 21 33 41 — 95 Depreciation, amortization and accretion 34 61 7 — 102 General and administrative — — 1 8 9 Transaction and integration costs — — — 1 1 Development costs — — 2 — 2 Operating income (loss) 61 63 8 (9) 123 Equity in earnings of unconsolidated affiliates 3 16 — — 19 Other income (expense), net 1 — (1) (1) (1) Loss on debt extinguishment — (6) — — (6) Interest expense (17) (39) (6) (22) (84) Net Income (Loss) $ 48 $ 34 $ 1 $ (32) $ 51 Total Assets $ 2,615 $ 6,210 $ 627 $ 189 $ 9,641 Three months ended September 30, 2019 (In millions) Conventional Generation Renewables Thermal Corporate Total Operating revenues $ 90 $ 151 $ 55 $ — $ 296 Cost of operations 13 35 36 — 84 Depreciation, amortization and accretion 26 81 7 — 114 General and administrative — 1 1 5 7 Development costs — — 1 — 1 Operating income (loss) 51 34 10 (5) 90 Equity in earnings of unconsolidated affiliates 3 35 — — 38 Other income, net — 2 — — 2 Interest expense (13) (65) (5) (22) (105) Net Income (Loss) $ 41 $ 6 $ 5 $ (27) $ 25 Nine months ended September 30, 2020 (In millions) Conventional Generation Renewables Thermal Corporate Total Operating revenues $ 326 $ 444 $ 149 $ — $ 919 Cost of operations 67 108 100 — 275 Depreciation, amortization and accretion 100 182 21 — 303 General and administrative — 1 4 24 29 Transaction and integration costs — — — 2 2 Development costs — — 4 — 4 Operating income (loss) 159 153 20 (26) 306 Equity in earnings of unconsolidated affiliates 6 16 — — 22 Gain on sale of unconsolidated affiliate — — — 49 49 Other income, net 1 1 — — 2 Loss on debt extinguishment — (6) — (3) (9) Interest expense (69) (190) (16) (69) (344) Net Income (Loss) $ 97 $ (26) $ 4 $ (49) $ 26 Nine months ended September 30, 2019 (In millions) Conventional Generation Renewables Thermal Corporate Total Operating revenues $ 253 $ 392 $ 152 $ — $ 797 Cost of operations 43 103 99 — 245 Depreciation, amortization and accretion 76 193 20 — 289 Impairment losses — — 19 — 19 General and administrative — 1 2 16 19 Transaction and integration costs — — — 2 2 Development costs — — 4 — 4 Operating income (loss) 134 95 8 (18) 219 Equity in earnings of unconsolidated affiliates 7 45 — — 52 Other income, net 1 4 — 1 6 Loss on debt extinguishment — (1) — — (1) Interest expense (45) (213) (13) (65) (336) Net Income (Loss) $ 97 $ (70) $ (5) $ (82) $ (60)

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	9 Months Ended
	Sep. 30, 2020
Condensed Consolidating Financial Information Disclosure [Abstract]
Condensed Income Statement	CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Three Months Ended September 30, 2020 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC (Note Issuer) Eliminations (a) Consolidated (In millions) Operating Revenues Total operating revenues $ — $ 4 $ 328 $ 1 $ (1) $ 332 Operating Costs and Expenses Cost of operations — (1) 96 1 (1) 95 Depreciation, amortization and accretion — 1 101 — — 102 General and administrative — — 1 8 — 9 Transaction and integration costs — — — 1 — 1 Development costs — — 2 — — 2 Total operating costs and expenses — — 200 10 (1) 209 Operating Income (Loss) — 4 128 (9) — 123 Other Income (Expense) Equity in earnings (loss) of consolidated affiliates 71 (21) — 87 (137) — Equity in earnings of unconsolidated affiliates — 2 2 15 — 19 Other income, net — — 2 (3) — (1) Loss on debt extinguishment — — (6) — — (6) Interest expense — — (60) (24) — (84) Total other income (expense), net 71 (19) (62) 75 (137) (72) Net Income (Loss) 71 (15) 66 66 (137) 51 Less: Net loss attributable to noncontrolling interests — — (15) (5) — (20) Net Income (Loss) Attributable to Clearway Energy LLC $ 71 $ (15) $ 81 $ 71 $ (137) $ 71 (a) All significant intercompany transactions have been eliminated in consolidation. CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Nine Months Ended September 30, 2020 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC (Note Issuer) Eliminations (a) Consolidated (In millions) Operating Revenues Total operating revenues $ — $ 10 $ 909 $ 2 $ (2) $ 919 Operating Costs and Expenses Cost of operations — — 276 2 (3) 275 Depreciation, amortization and accretion — 4 299 — — 303 General and administrative — — 3 25 1 29 Transaction and integration costs — — — 2 — 2 Development costs — — 2 2 — 4 Total operating costs and expenses — 4 580 31 (2) 613 Operating Income (Loss) — 6 329 (29) — 306 Other Income (Expense) Equity in earnings (loss) of consolidated affiliates 112 (15) — 135 (232) — Equity in (losses) earnings of unconsolidated affiliates — (1) 4 19 — 22 Gain on sale of unconsolidated affiliate — — — 49 — 49 Other income, net — — 2 — — 2 Loss on debt extinguishment — — (6) (3) — (9) Interest expense — — (273) (71) — (344) Total other income (expense), net 112 (16) (273) 129 (232) (280) Net Income (Loss) 112 (10) 56 100 (232) 26 Less: Net loss attributable to noncontrolling interests — — (74) (12) — (86) Net Income (Loss) Attributable to Clearway Energy LLC $ 112 $ (10) $ 130 $ 112 $ (232) $ 112 (a) All significant intercompany transactions have been eliminated in consolidation. CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Three Months Ended September 30, 2019 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC Eliminations (a) Consolidated (In millions) Operating Revenues Total operating revenues $ — $ 3 $ 293 $ — $ — $ 296 Operating Costs and Expenses Cost of operations — — 84 — — 84 Depreciation, amortization and accretion — 2 112 — — 114 General and administrative — — 1 6 — 7 Development costs — — — 1 — 1 Total operating costs and expenses — 2 197 7 — 206 Operating Income (Loss) — 1 96 (7) — 90 Other Income (Expense) Equity in income of consolidated affiliates 49 6 — 42 (97) — Equity in earnings of unconsolidated affiliates — 17 9 12 — 38 Other income, net — — 2 — — 2 Interest expense — — (83) (22) — (105) Total other income (expense), net 49 23 (72) 32 (97) (65) Net Income 49 24 24 25 (97) 25 Less: Net loss attributable to noncontrolling interests — — (21) (25) 21 (25) Net Income Attributable to Clearway Energy LLC $ 49 $ 24 $ 45 $ 50 $ (118) $ 50 (a) All significant intercompany transactions have been eliminated in consolidation. CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Nine Months Ended September 30, 2019 Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC Eliminations (a) Consolidated (In millions) Operating Revenues Total operating revenues $ — $ 8 $ 789 $ 1 $ (1) $ 797 Operating Costs and Expenses Cost of operations — 1 244 1 (1) 245 Depreciation, amortization and accretion — 5 284 — — 289 Impairment losses — — 19 — — 19 General and administrative — — 1 18 — 19 Transaction and integration costs — — — 2 — 2 Development costs — — — 4 — 4 Total operating costs and expenses — 6 548 25 (1) 578 Operating Income (Loss) — 2 241 (24) — 219 Other Income (Expense) Equity in (losses) income of consolidated affiliates (32) 5 — 11 16 — Equity in earnings of unconsolidated affiliates — 27 7 18 — 52 Other income, net 1 — 5 — — 6 Loss on debt extinguishment — — (1) — — (1) Interest expense — — (271) (65) — (336) Total other (expense) income, net (31) 32 (260) (36) 16 (279) Net (Loss) Income (31) 34 (19) (60) 16 (60) Less: Net loss attributable to noncontrolling interests — — (18) (29) 18 (29) Net (Loss) Income Attributable to Clearway Energy LLC $ (31) $ 34 $ (1) $ (31) $ (2) $ (31)
Condensed Statement of Comprehensive Income	CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) For the Three Months Ended September 30, 2020 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC (Note Issuer) Eliminations (a) Consolidated (In millions) Net Income (Loss) $ 71 $ (15) $ 66 $ 66 $ (137) $ 51 Other Comprehensive Income Unrealized income on derivatives 9 — 10 10 (19) 10 Other comprehensive income (loss) 9 — 10 10 (19) 10 Comprehensive Income (Loss) 80 (15) 76 76 (156) 61 Less: Comprehensive loss attributable to noncontrolling interests — — (15) (5) — (20) Comprehensive Income (Loss) Attributable to Clearway Energy LLC $ 80 $ (15) $ 91 $ 81 $ (156) $ 81 (a) All significant intercompany transactions have been eliminated in consolidation. For the Nine Months Ended September 30, 2020 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC (Note Issuer) Eliminations (a) Consolidated (In millions) Net Income (Loss) $ 112 $ (10) $ 56 $ 100 $ (232) $ 26 Other Comprehensive Loss Unrealized loss on derivatives 1 — (2) 1 1 1 Other comprehensive income (loss) 1 — (2) 1 1 1 Comprehensive Income (Loss) 113 (10) 54 101 (231) 27 Less: Comprehensive loss attributable to noncontrolling interests — — (74) (12) — (86) Comprehensive Income (Loss) Attributable to Clearway Energy LLC $ 113 $ (10) $ 128 $ 113 $ (231) $ 113 (a) All significant intercompany transactions have been eliminated in consolidation. CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Three months ended September 30, 2019 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC Eliminations (a) Consolidated (In millions) Net Income $ 49 $ 24 $ 24 $ 25 $ (97) $ 25 Other Comprehensive Loss Unrealized loss on derivatives — — (1) (2) 2 (1) Other comprehensive loss — — (1) (2) 2 (1) Comprehensive Income (Loss) 49 24 23 23 (95) 24 Less: Comprehensive loss attributable to noncontrolling interests — — (21) (25) 21 (25) Comprehensive Income Attributable to Clearway Energy LLC $ 49 $ 24 $ 44 $ 48 $ (116) $ 49 (a) All significant intercompany transactions have been eliminated in consolidation. For the Nine Months Ended September 30, 2019 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC Eliminations (a) Consolidated (In millions) Net (Loss) Income $ (31) $ 34 $ (19) $ (60) $ 16 $ (60) Other Comprehensive Income Unrealized gain on derivatives 2 — 4 2 (6) 2 Other comprehensive income 2 — 4 2 (6) 2 Comprehensive (Loss) Income (29) 34 (15) (58) 10 (58) Less: Comprehensive loss attributable to noncontrolling interests — — (18) (28) 18 (28) Comprehensive (Loss) Income Attributable to Clearway Energy LLC $ (29) $ 34 $ 3 $ (30) $ (8) $ (30) (a) All significant intercompany transactions have been eliminated in consolidation.
Condensed Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEETS September 30, 2020 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC (Note Issuer) Eliminations (a) Consolidated ASSETS (In millions) Current Assets Cash and cash equivalents $ 184 $ — $ 175 $ — $ — $ 359 Restricted cash — — 178 — — 178 Accounts receivable — trade — 3 152 1 — 156 Accounts receivable — affiliate — 4 — 14 (18) — Inventory — — 42 — — 42 Prepayments and other current assets — — 37 1 — 38 Total current assets 184 7 584 16 (18) 773 Property, plant and equipment, net — 53 6,112 — — 6,165 Other Assets Investment in consolidated subsidiaries 1,611 668 — 3,451 (5,730) — Equity investments in affiliates — 143 515 343 — 1,001 Intangible assets, net — 10 1,361 — — 1,371 Right of use assets, net — — 254 2 — 256 Other non-current assets — — 72 3 — 75 Total other assets 1,611 821 2,202 3,799 (5,730) 2,703 Total Assets $ 1,795 $ 881 $ 8,898 $ 3,815 $ (5,748) $ 9,641 (a) All significant intercompany transactions have been eliminated in consolidation. CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS September 30, 2020 (Continued) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC (Note Issuer) Eliminations (a) Consolidated LIABILITIES AND MEMBERS' EQUITY (In millions) Current Liabilities Current portion of long-term debt — external $ — $ — $ 361 $ — $ — $ 361 Current portion of long-term debt — affiliate — — — 2 — 2 Accounts payable — — 44 2 — 46 Accounts payable — affiliate 19 — 17 6 (18) 24 Derivative instruments — — 36 — — 36 Accrued interest expense — — 29 19 — 48 Accrued expenses and other current liabilities — — 82 7 — 89 Total current liabilities 19 — 569 36 (18) 606 Other Liabilities Long-term debt — external — — 4,570 1,787 — 6,357 Derivative instruments — — 150 — — 150 Long-term lease liabilities — — 259 1 — 260 Other non-current liabilities — 1 113 — — 114 Total non-current liabilities — 1 5,092 1,788 — 6,881 Total Liabilities 19 1 5,661 1,824 (18) 7,487 Commitments and Contingencies Members' Equity Contributed capital 1,747 910 2,787 2,080 (5,777) 1,747 Retained earnings (accumulated deficit) 65 (30) 138 (431) 323 65 Accumulated other comprehensive loss (36) — (44) (36) 80 (36) Noncontrolling interest — — 356 378 (356) 378 Total Members' Equity 1,776 880 3,237 1,991 (5,730) 2,154 Total Liabilities and Members’ Equity $ 1,795 $ 881 $ 8,898 $ 3,815 $ (5,748) $ 9,641 (a) All significant intercompany transactions have been eliminated in consolidation. CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2019 Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC Eliminations (a) Consolidated ASSETS (In millions) Current Assets Cash and cash equivalents $ 27 $ — $ 125 $ — $ — $ 152 Restricted cash — — 262 — — 262 Accounts receivable — trade — 2 114 — — 116 Accounts receivable — affiliate — 1 — 1 — 2 Inventory — — 40 — — 40 Prepayments and other current assets — 1 31 1 — 33 Total current assets 27 4 572 2 — 605 Net property, plant and equipment — 63 6,000 — — 6,063 Other Assets Investment in consolidated subsidiaries 1,824 402 — 3,492 (5,718) — Equity investments in affiliates — 342 479 362 — 1,183 Intangible assets, net — 10 1,418 — — 1,428 Right-of-use assets, net — — 222 1 — 223 Other non-current assets — — 100 3 — 103 Total other assets 1,824 754 2,219 3,858 (5,718) 2,937 Total Assets $ 1,851 $ 821 $ 8,791 $ 3,860 $ (5,718) $ 9,605 (a) All significant intercompany transactions have been eliminated in consolidation. CLEARWAY ENERGY LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2019 (Continued) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC Eliminations (a) Consolidated LIABILITIES AND MEMBERS' EQUITY (In millions) Current Liabilities Current portion of long-term debt — external $ — $ — $ 1,692 $ 88 $ — $ 1,780 Current portion of long-term debt — affiliate — — — 44 — 44 Accounts payable — trade — — 64 9 — 73 Accounts payable — affiliate 1 6 20 6 — 33 Derivative instruments — — 16 — — 16 Accrued interest expense — — 24 17 — 41 Accrued expenses and other current liabilities — — 65 6 — 71 Total current liabilities 1 6 1,881 170 — 2,058 Other Liabilities Long-term debt — external — — 3,424 1,532 — 4,956 Derivative instruments — — 76 — — 76 Long-term lease liabilities — — 226 1 — 227 Other non-current liabilities — 2 105 8 — 115 Total non-current liabilities — 2 3,831 1,541 — 5,374 Total Liabilities 1 8 5,712 1,711 — 7,432 Commitments and Contingencies Members' Equity Contributed capital 1,882 794 2,808 2,257 (5,859) 1,882 Retained earnings (Accumulated deficit) 5 19 23 (396) 354 5 Accumulated other comprehensive loss (37) — (42) (37) 79 (37) Noncontrolling Interest — — 290 325 (292) 323 Total Members' Equity 1,850 813 3,079 2,149 (5,718) 2,173 Total Liabilities and Members’ Equity $ 1,851 $ 821 $ 8,791 $ 3,860 $ (5,718) $ 9,605 (a) All significant intercompany transactions have been eliminated in consolidation.
Condensed Cash Flow Statement	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 30, 2020 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC (Note Issuer) Consolidated (In millions) Net Cash Provided by (Used In) Operating Activities $ — $ (94) $ 560 $ (25) $ 441 Cash Flows from Investing Activities Intercompany transactions between Clearway Energy LLC and subsidiaries 82 — — (82) — Acquisition of Drop Down Assets — — — (79) (79) Consolidation of DGPV Holdco 3 — — 17 — 17 Capital expenditures — — (95) — (95) Return of investment from unconsolidated affiliates — 6 36 11 53 Investments in unconsolidated affiliates — (11) — — (11) Proceeds from sale of assets — — — 90 90 Insurance proceeds — — 5 — 5 Net Cash Provided by (used in) Investing Activities 82 (5) (37) (60) (20) Cash Flows from Financing Activities Transfer of funds under intercompany cash management arrangement 164 99 (294) 31 — Net contributions from noncontrolling interests — — 146 1 147 Buyout of Repowering Partnership II noncontrolling interest — — — (70) (70) Net proceeds from the issuance of Class C units 58 — — — 58 Payments of dividends and distributions (147) — — — (147) Payments of debt issuance costs — — (8) (2) (10) Proceeds from the revolving credit facility — — — 265 265 Payments for the revolving credit facility — — — (265) (265) Proceeds from the issuance of long-term debt — external — — 520 255 775 Payments for long-term debt — external — — (921) (88) (1,009) Proceeds from long-term debt — affiliate — — — 3 3 Payments for long-term debt — affiliate — — — (45) (45) Net Cash Provided by (Used in) Financing Activities 75 99 (557) 85 (298) Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 157 — (34) — 123 Cash, Cash Equivalents and Restricted Cash at beginning of period 27 — 387 — 414 Cash, Cash Equivalents and Restricted Cash at end of period $ 184 $ — $ 353 $ — $ 537 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 30, 2019 (Unaudited) Clearway Energy LLC Other Guarantor Subsidiaries Non-Guarantor Subsidiaries Clearway Energy Operating LLC Consolidated (In millions) Net Cash Provided by Operating Activities $ 59 $ 7 $ 258 $ 49 $ 373 Cash Flows from Investing Activities Intercompany transactions between Clearway Energy LLC and subsidiaries (210) — — 210 — Acquisition — — — (100) (100) Acquisition of Drop Down Asset — — — (6) (6) Buyout of Wind TE Holdco noncontrolling interest — — — (19) (19) Capital expenditures — — (200) — (200) Return of investment from unconsolidated affiliates — 7 26 4 37 Net investments in unconsolidated affiliates — (14) — — (14) Insurance proceeds — — 2 — 2 Net Cash (Used in) Provided by Investing Activities (210) (7) (172) 89 (300) Cash Flows from Financing Activities Transfer of funds under intercompany cash management arrangement 5 — (6) 1 — Net contributions (distributions) from noncontrolling interests — — 28 (43) (15) (Payments of) proceeds from distributions (116) — (121) 121 (116) Payment of debt issuance costs — — (13) (2) (15) Proceeds from the revolving credit facility — — — 22 22 Payments for the revolving credit facility — — — (22) (22) Proceeds from the issuance of long-term debt-external — — 586 — 586 Payments for long-term debt — external — — (480) — (480) Payments for long-term debt — affiliate (7) — — (215) (222) Net Cash (Used in) Provided by Financing Activities (118) — (6) (138) (262) Net Decrease in Cash, Cash Equivalents and Restricted Cash (269) — 80 — (189) Cash, Cash Equivalents and Restricted Cash at beginning of period 298 — 285 — 583 Cash, Cash Equivalents and Restricted Cash at end of period $ 29 $ — $ 365 $ — $ 394

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Lease Cost	Lease expense was comprised of the following: Three months ended September 30, 2020 Three months ended September 30, 2019 Nine months ended September 30, 2020 Nine months ended September 30, 2019 (In millions) Operating lease cost - Fixed $ 5 $ 2 $ 14 $ 6 Operating lease cost - Variable 2 3 7 10 Total lease cost $ 7 $ 5 $ 21 $ 16 The Company lease liabilities as of September 30, 2020 and December 31, 2019 comprised of the following: September 30, 2020 December 31, 2019 (In millions, except term and rate) ROU Assets - operating leases, net $ 256 $ 223 Short-term lease liability - operating leases (a) 7 7 Long-term lease liability - operating leases 260 227 Total lease liability $ 267 $ 234 Weighted average remaining lease term 24 25 Weighted average discount rate 4.3 % 4.4 % Nine months ended September 30, 2020 Nine months ended September 30, 2019 Cash paid for operating leases $ 13 $ 7 (a) Short-term lease liability balances are included within the accrued expenses and other current liabilities line item of the consolidated balance sheets as of September 30, 2020 and December 31, 2019.
Maturities of Operating Lease Liabilities	(In millions) Remainder of 2020 $ 5 2021 18 2022 18 2023 18 2024 18 Thereafter 332 Total lease payments 409 Less imputed interest (142) Total lease liability - operating leases $ 267
Revenue Related to Leases	Three months ended September 30, 2020 (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 3 $ 153 $ — $ 156 Capacity revenue 119 — — 119 Operating revenue $ 122 $ 153 $ — $ 275 Nine months ended September 30, 2020 (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 6 $ 449 $ 1 $ 456 Capacity revenue 338 — — 338 Operating revenue $ 344 $ 449 $ 1 $ 794 Three months ended September 30, 2019 (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 2 $ 160 $ 1 $ 163 Capacity revenue 89 — — 89 Operating revenue $ 91 $ 160 $ 1 $ 252 Nine months ended September 30, 2019 (In millions) Conventional Generation Renewables Thermal Total Energy revenue $ 4 $ 416 $ 2 $ 422 Capacity revenue 253 — — 253 Operating revenue $ 257 $ 416 $ 2 $ 675
Minimum Future Rent Payments under Operating Leases	Minimum future rent payments under the operating leases for the remaining periods as of September 30, 2020. (In millions) Remainder of 2020 $ 117 2021 444 2022 450 2023 259 2024 106 Thereafter 1,605 Total lease payments $ 2,981
Property, Plant and Equipment, Net	Property, plant and equipment, net related to the Company’s operating leases were as follows: (In millions) September 30, 2020 December 31, 2019 Property, plant and equipment $ 6,975 $ 6,942 Accumulated depreciation (1,854) (1,649) Net property, plant and equipment $ 5,121 $ 5,293

Nature of Business (Details)

Nature of Business (Details)	9 Months Ended
	Sep. 30, 2020MW
Nature of Business
Weighted average remaining contract duration	13 years
Thermal
Nature of Business
Power generation capacity, megawatts	39
Steam and chilled water capacity, megawatts thermal equivalent	1,456
Conventional Generation, Utility-Scale Solar, Distributed Solar, and Wind
Nature of Business
Power generation capacity, megawatts	6,201
Clearway Energy LLC
Nature of Business
Limited liability company or limited partnership, members or limited partners, ownership interest	57.58%
CEG | Clearway Energy LLC
Nature of Business
Limited liability company or limited partnership, members or limited partners, ownership interest	42.42%
CEG | Clearway Energy, Inc.
Nature of Business
Limited liability company (LLC) or limited partnership (LP), members or limited partners, voting interest	54.93%
Public Shareholders | Clearway Energy, Inc.
Nature of Business
Limited liability company (LLC) or limited partnership (LP), members or limited partners, voting interest	45.07%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 15, 2020	Dec. 01, 2020	Oct. 27, 2020	Oct. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Summary of Significant Accounting Policies [Line Items]
Other cash equivalents, at carrying value					$ 176	$ 125
Restricted cash					178	$ 262
Subsequent Event
Summary of Significant Accounting Policies [Line Items]
Cash distributions paid				$ 34
Distribution, date declared			Oct. 27, 2020
Distributions declared per Class A, B, C, and D (in dollars per share)			$ 0.318
Distribution, date payable	Dec. 15, 2020
Distribution, date of record		Dec. 1, 2020
Debt Service Obligations
Summary of Significant Accounting Policies [Line Items]
Restricted cash					28
Cash Distribution
Summary of Significant Accounting Policies [Line Items]
Restricted cash					30
Current Debt Service Payments
Summary of Significant Accounting Policies [Line Items]
Restricted cash					46
Operating Funds
Summary of Significant Accounting Policies [Line Items]
Restricted cash					$ 74

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Cash and cash equivalents	$ 359	$ 152
Restricted cash	178	262
Cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 537	$ 414	$ 394	$ 583

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Accumulated Depreciation, Accumulated Amortization (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Property, Plant and Equipment Accumulated Depreciation	$ 2,135	$ 1,880
Intangible Assets Accumulated Amortization	$ 461	$ 394

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Distributions (Details) - $ / shares	3 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020
Common Class A
Summary of Significant Accounting Policies [Line Items]
Distributions per Class A, B, C, and D (in dollars per share)	$ 0.3125	$ 0.2100	$ 0.2100
Common Class B
Summary of Significant Accounting Policies [Line Items]
Distributions per Class A, B, C, and D (in dollars per share)	0.3125	0.2100	0.2100
Common Class C
Summary of Significant Accounting Policies [Line Items]
Distributions per Class A, B, C, and D (in dollars per share)	0.3125	0.2100	0.2100
Common Class D
Summary of Significant Accounting Policies [Line Items]
Distributions per Class A, B, C, and D (in dollars per share)	$ 0.3125	$ 0.2100	$ 0.2100

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 332	$ 296	$ 919	$ 797
Mark-to-market for economic hedges		(2)
Operating Segments
Disaggregation of Revenue [Line Items]
Total operating revenues	332	296	919	797
Contract amortization	(22)	(18)	(66)	(52)
Mark-to-market for economic hedges			(8)	(9)
Lease revenue	(275)	(252)	(794)	(675)
Total revenue from contracts with customers	79	64	199	183
Operating Segments | Conventional Generation
Disaggregation of Revenue [Line Items]
Total operating revenues	116	90	326	253
Contract amortization	(6)	(1)	(18)	(4)
Mark-to-market for economic hedges		0	0	0
Lease revenue	(122)	(91)	(344)	(257)
Total revenue from contracts with customers	0	0	0	0
Operating Segments | Renewables
Disaggregation of Revenue [Line Items]
Total operating revenues	157	151	444	392
Contract amortization	(15)	(16)	(46)	(46)
Mark-to-market for economic hedges		(2)	(8)	(9)
Lease revenue	(153)	(160)	(449)	(416)
Total revenue from contracts with customers	19	9	49	31
Operating Segments | Thermal
Disaggregation of Revenue [Line Items]
Total operating revenues	59	55	149	152
Contract amortization	(1)	(1)	(2)	(2)
Mark-to-market for economic hedges		0	0	0
Lease revenue	0	(1)	(1)	(2)
Total revenue from contracts with customers	60	55	150	152
Operating Segments | Energy Revenue
Disaggregation of Revenue [Line Items]
Total operating revenues	196	202	569	536
Lease revenue	(156)	(163)	(456)	(422)
Operating Segments | Energy Revenue | Conventional Generation
Disaggregation of Revenue [Line Items]
Total operating revenues	3	2	6	4
Lease revenue	(3)	(2)	(6)	(4)
Operating Segments | Energy Revenue | Renewables
Disaggregation of Revenue [Line Items]
Total operating revenues	166	167	486	441
Lease revenue	(153)	(160)	(449)	(416)
Operating Segments | Energy Revenue | Thermal
Disaggregation of Revenue [Line Items]
Total operating revenues	27	33	77	91
Lease revenue	0	(1)	(1)	(2)
Operating Segments | Capacity Revenue
Disaggregation of Revenue [Line Items]
Total operating revenues	143	103	388	294
Lease revenue	(119)	(89)	(338)	(253)
Operating Segments | Capacity Revenue | Conventional Generation
Disaggregation of Revenue [Line Items]
Total operating revenues	119	89	338	253
Lease revenue	(119)	(89)	(338)	(253)
Operating Segments | Capacity Revenue | Renewables
Disaggregation of Revenue [Line Items]
Total operating revenues	0	0	0	0
Lease revenue	0	0	0	0
Operating Segments | Capacity Revenue | Thermal
Disaggregation of Revenue [Line Items]
Total operating revenues	24	14	50	41
Lease revenue	0	0	0	0
Operating Segments | Other Revenue
Disaggregation of Revenue [Line Items]
Total operating revenues	15	11	36	28
Operating Segments | Other Revenue | Conventional Generation
Disaggregation of Revenue [Line Items]
Total operating revenues	0	0	0	0
Operating Segments | Other Revenue | Renewables
Disaggregation of Revenue [Line Items]
Total operating revenues	6	2	12	6
Operating Segments | Other Revenue | Thermal
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 9	$ 9	$ 24	$ 22

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Contract Assets and Liabilities (Details) $ in Millions	Sep. 30, 2020USD ($)
Disaggregation of Revenue [Line Items]
Accounts receivable, total	$ 156
Contracts with customers
Disaggregation of Revenue [Line Items]
Accounts receivable, total	37
Leases
Disaggregation of Revenue [Line Items]
Accounts receivable, total	$ 119

Acquisitions and Dispositions (

Acquisitions and Dispositions (Details) $ in Millions	May 14, 2020USD ($)	Mar. 03, 2020	May 01, 2019USD ($)MW
RPV Holdco 1 LLC
Business Acquisition [Line Items]
Proceeds from sale of interests	$ 75
Gain from sale of investment	$ 49
Energy Center Dover
Business Acquisition [Line Items]
Sale of assets percentage ownership interest sold		100.00%
Duquesne University District Energy System
Business Acquisition [Line Items]
Power generation capacity, megawatts | MW			87
Power purchase agreement period			40 years
Business combination, consideration transferred			$ 107

Investments Accounted for by _3

Investments Accounted for by the Equity Method and Variable Interest Entities - Consolidated Entities (Details) - USD ($) $ in Millions	Sep. 30, 2020	May 29, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	$ 2,703		$ 2,937
Property, plant and equipment, net	6,165		6,063
Intangible assets, net	1,371		1,428
Total Assets	9,641		9,605
Total Liabilities	7,487		$ 7,432
Oahu Solar Partnership
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	25
Property, plant and equipment, net	182
Intangible assets, net	0
Total Assets	207
Total Liabilities	125
Noncontrolling interest	25
Net assets less noncontrolling interests	57
Kawailoa Partnership
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	24
Property, plant and equipment, net	142
Intangible assets, net	0
Total Assets	166
Total Liabilities	116
Noncontrolling interest	35
Net assets less noncontrolling interests	15
Elbow Creek TE Holdco
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	10
Property, plant and equipment, net	102
Intangible assets, net	1
Total Assets	113
Total Liabilities	27
Noncontrolling interest	74
Net assets less noncontrolling interests	12
Wildorado TE Holdco
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	16
Property, plant and equipment, net	244
Intangible assets, net	0
Total Assets	260
Total Liabilities	12
Noncontrolling interest	107
Net assets less noncontrolling interests	141
DGPV Holdco 3
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	61
Property, plant and equipment, net	329	$ 331
Intangible assets, net	1	1
Total Assets	391	401
Total Liabilities	276	290
Noncontrolling interest	3	6
Net assets less noncontrolling interests	112	$ 105
Alta TE Holdco
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	58
Property, plant and equipment, net	363
Intangible assets, net	228
Total Assets	649
Total Liabilities	44
Noncontrolling interest	38
Net assets less noncontrolling interests	567
Spring Canyon
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	3
Property, plant and equipment, net	82
Intangible assets, net	0
Total Assets	85
Total Liabilities	5
Noncontrolling interest	29
Net assets less noncontrolling interests	51
Buckthorn Renewables LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	3
Property, plant and equipment, net	209
Intangible assets, net	0
Total Assets	212
Total Liabilities	7
Noncontrolling interest	62
Net assets less noncontrolling interests	143
Other
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	5
Property, plant and equipment, net	8
Intangible assets, net	0
Total Assets	13
Total Liabilities	3
Noncontrolling interest	0
Net assets less noncontrolling interests	$ 10

Investments Accounted for by _4

Investments Accounted for by the Equity Method and Variable Interest Entities - DGPV Holdco 3 LLC (Details) $ in Millions	6 Months Ended	9 Months Ended
	Jun. 30, 2020USD ($)	Sep. 30, 2020USD ($)MW	Sep. 30, 2019USD ($)	Nov. 02, 2020MW	May 29, 2020USD ($)	May 28, 2020USD ($)	Dec. 31, 2019USD ($)
Schedule of Equity Method Investments [Line Items]
Removal of investment		$ (1,001)					$ (1,183)
Current assets		773					605
Property, plant and equipment, net		6,165					6,063
Intangible assets, net		1,371					1,428
Other non-current assets		75					103
Total Assets		9,641					9,605
Total Liabilities		7,487					7,432
Investment of cash		$ 11	$ 14
DGPV Holdco 3
Schedule of Equity Method Investments [Line Items]
Power generation capacity, megawatts | MW		113
Remaining lease term		21 years
Income allocation percentage					99.00%
Current assets		$ 0					$ 39
DGPV Holdco 3
Schedule of Equity Method Investments [Line Items]
Removal of investment						$ 155
Current assets					$ 32
Property, plant and equipment, net		329			331
Intangible assets, net		1			1
Other non-current assets					37
Total Assets		391			401
Debt					206
Other current and non-current liabilities					84
Total Liabilities		276			290
Noncontrolling interest		3			6
Net assets less noncontrolling interests		$ 112			$ 105
Investment of cash	$ 10
DGPV Holdco 3 | Subsequent Event
Schedule of Equity Method Investments [Line Items]
Power generation capacity, megawatts | MW				286

Investments Accounted for by _5

Investments Accounted for by the Equity Method and Variable Interest Entities - DGPV Holdco Consolidation (Details) $ in Millions	Nov. 02, 2020USD ($)fundprojectMW	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)
Schedule of Equity Method Investments [Line Items]
Cash consideration to acquire membership interests		$ 70	$ 0
DGPV Holdco 3 | Subsequent Event
Schedule of Equity Method Investments [Line Items]
Cash consideration to acquire membership interests	$ 44
Number of tax equity funds | fund	7
Number of solar projects | project	172
Power generation capacity, megawatts | MW	286

Investments Accounted for by _6

Investments Accounted for by the Equity Method and Variable Interest Entities - Repowering Partnership II LLC (Details) - USD ($) $ in Millions	May 11, 2020	Mar. 31, 2020	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Feb. 07, 2020
Schedule of Equity Method Investments [Line Items]
Buyout of Repowering Partnership II noncontrolling interest	$ 8				$ 19
Taxable income allocation, pre-flip								99.00%
Loss attributable to noncontrolling interests			$ (20)	$ (25)		$ (86)	$ (29)
Wildorado TE Holdco
Schedule of Equity Method Investments [Line Items]
Business combination, consideration transferred		$ 112
Income allocation percentage								5.00%
Wildorado TE Holdco | Repowering Partnership II LLC
Schedule of Equity Method Investments [Line Items]
Loss attributable to noncontrolling interests						(36)
Elbow Creek TE Holdco | Repowering Partnership II LLC
Schedule of Equity Method Investments [Line Items]
Loss attributable to noncontrolling interests			$ (1)			$ (9)
Wind TE Holdco LLC | Repowering Partnership II LLC
Schedule of Equity Method Investments [Line Items]
Income allocation percentage			60.14%			60.14%
CWSP Wildorado Elbow Holding LLC | Repowering Partnership II LLC
Schedule of Equity Method Investments [Line Items]
Income allocation percentage			39.86%			39.86%
Repowering Partnership II LLC
Schedule of Equity Method Investments [Line Items]
Cash considerations	$ 70
Third Party Investor | Wildorado TE Holdco | Class A Membership Interests
Schedule of Equity Method Investments [Line Items]
Percentage of interest acquired								100.00%
Membership interests								$ 148

Investments Accounted for by _7

Investments Accounted for by the Equity Method and Variable Interest Entities - Mesquite Star (Details) $ in Millions	Sep. 01, 2020USD ($)MW	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates		$ 11	$ 14
Noncontrolling Interest, Adjustment for Purchase of Interests	$ 83
Mesquite Star
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	$ 79
Power generation capacity, megawatts | MW	419
Remaining lease term	12 years

Investments Accounted for by _8

Investments Accounted for by the Equity Method and Variable Interest Entities - Maximum Exposure (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Equity investments in affiliates	$ 1,001	$ 1,183
Utah Solar Portfolio
Schedule of Equity Method Investments [Line Items]
Economic Interest	50.00%
Equity investments in affiliates	$ 268
Desert Sunlight
Schedule of Equity Method Investments [Line Items]
Economic Interest	25.00%
Equity investments in affiliates	$ 257
Agua Caliente Solar
Schedule of Equity Method Investments [Line Items]
Economic Interest	16.00%
Equity investments in affiliates	$ 89
GenConn
Schedule of Equity Method Investments [Line Items]
Economic Interest	50.00%
Equity investments in affiliates	$ 90
DGPV Holdco 1 LLC
Schedule of Equity Method Investments [Line Items]
Economic Interest	95.00%
Equity investments in affiliates	$ 81
DGPV Holdco 2 LLC
Schedule of Equity Method Investments [Line Items]
Economic Interest	95.00%
Equity investments in affiliates	$ 63
San Juan Mesa
Schedule of Equity Method Investments [Line Items]
Economic Interest	75.00%
Equity investments in affiliates	$ 42
Elkhorn Ridge
Schedule of Equity Method Investments [Line Items]
Economic Interest	66.70%
Equity investments in affiliates	$ 39
Avenal
Schedule of Equity Method Investments [Line Items]
Economic Interest	50.00%
Equity investments in affiliates	$ (5)
Mesquite Star
Schedule of Equity Method Investments [Line Items]
Economic Interest	50.00%
Equity investments in affiliates	$ 77

Investments Accounted for by _9

Investments Accounted for by the Equity Method and Variable Interest Entities - Equity Method Investments Summarized Financial Information (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Total operating revenues	$ 332			$ 296			$ 919	$ 797
Operating income	123			90			306	219
Net income (loss)	51	$ 104	$ (129)	25	$ (31)	$ (54)	26	(60)
Current assets	773						773		$ 605
Total current liabilities	606						606		2,058
Total non-current liabilities	6,881						6,881		5,374
DGPV Holdco 3
Schedule of Equity Method Investments [Line Items]
Total operating revenues	0			9			14	22
Operating income	0			6			6	11
Net income (loss)	0			$ 16			(12)	$ 24
Current assets	0						0		39
Non-current assets	0						0		371
Total current liabilities	0						0		61
Total non-current liabilities	0						0		216
Redeemable noncontrolling interest in subsidiaries	$ 0						$ 0		$ (1)

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Balance Sheet Grouping (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 6,799	$ 6,813
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	6,875	6,913
Fair Value | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	1,874	1,735
Fair Value | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 5,001	$ 5,221

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Recurring Fair Value (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, fair value, gross liability	$ 186						$ 186		$ 92
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in unrealized losses included in earnings for derivatives held as of September 30, 2020	10	$ 5	$ (14)	$ (1)	$ 5	$ (2)
Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, fair value, gross liability	169						169		83
Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, fair value, gross liability	17						17		9
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	(17)		$ (9)	(7)		$ 0	(9)	$ 0
Total losses for the period included in earnings	0			(2)			(8)	(2)
Purchases	0			0			0	(7)
Ending balance	(17)	$ (17)		(9)	$ (7)		(17)	(9)
Change in unrealized losses included in earnings for derivatives held as of September 30, 2020	0						8
Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, fair value, gross liability	17						17		9
Commodity contracts | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, fair value, gross liability	0						0		0
Commodity contracts | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, fair value, gross liability	17						17		9
Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, fair value, gross liability	169						169		83
Interest rate contracts | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, fair value, gross liability	169						169		83
Interest rate contracts | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, fair value, gross liability	$ 0						$ 0		$ 0

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Significant Unobservable Inputs (Details) - Energy Related Derivative - Fair Value, Recurring - Level 3 $ in Millions	Sep. 30, 2020USD ($)$ / MWh
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset | $	$ 0
Derivative liability | $	$ (17)
Low | Measurement Input, Commodity Forward Price | Valuation Technique, Discounted Cash Flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability measurement input	9.21
High | Measurement Input, Commodity Forward Price | Valuation Technique, Discounted Cash Flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability measurement input	37.46
Weighted Average | Measurement Input, Commodity Forward Price | Valuation Technique, Discounted Cash Flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability measurement input	16.32

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Narrative (Details) $ in Millions	Sep. 30, 2020USD ($)
Fair Value Disclosures [Abstract]
Percent of derivative liabilities using level 3 fair value inputs	9.00%
Fair value assets, measured on recurring basis, valuation techniques, impact of credit reserve to fair value	$ 10

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Volumetric Underlying Derivative Transactions (Details) $ in Millions	Dec. 31, 2019USD ($)MWhMMBTU	Sep. 30, 2020USD ($)MWhMMBTU
Natural Gas | Long
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, nonmonetary notional amount | MMBTU	2	1
Power | Short
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, nonmonetary notional amount | MWh	2	2
Interest | Long
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount | $	$ 1,788	$ 1,769

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - FV of Derivative Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative liability, fair value, gross liability	$ 186	$ 92
Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative liability, fair value, gross liability	21	14
Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative liability, fair value, gross liability	165	78
Interest rate contracts current | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative liability, fair value, gross liability	7	3
Interest rate contracts current | Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative liability, fair value, gross liability	29	13
Interest rate contracts long-term | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative liability, fair value, gross liability	14	11
Interest rate contracts long-term | Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative liability, fair value, gross liability	119	56
Commodity contracts long-term | Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative liability, fair value, gross liability	$ 17	$ 9

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Summary of Offsetting Derivatives (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Derivative liability, fair value, gross liability	$ (186)	$ (92)
Fair value of gross derivative assets/(liabilities), net	(186)	(92)
Derivative asset fair value gross liability net of derivative liability fair value gross asset	0	0
Derivative asset, fair value, amount offset against collateral net of derivative liability, fair value, amount offset against collateral	(186)	(92)
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative liability, fair value, gross liability	(21)	(14)
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative liability, fair value, gross liability	(165)	(78)
Interest rate contracts current | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative liability, fair value, gross liability	(7)	(3)
Interest rate contracts current | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative liability, fair value, gross liability	(29)	(13)
Interest rate contracts long-term | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative liability, fair value, gross liability	(14)	(11)
Interest rate contracts long-term | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative liability, fair value, gross liability	(119)	(56)
Commodity contracts long-term | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative liability, fair value, gross liability	(17)	(9)
Commodity contracts
Derivatives, Fair Value [Line Items]
Derivative liability, fair value, gross liability	(17)	(9)
Derivative liability, fair value, gross asset	0	(1)
Derivative liability	(17)	(10)
Fair value of gross derivative assets/(liabilities), net	(17)	(9)
Derivative asset fair value gross liability net of derivative liability fair value gross asset	0	(1)
Derivative asset, fair value, amount offset against collateral net of derivative liability, fair value, amount offset against collateral	(17)	(10)
Interest rate contracts
Derivatives, Fair Value [Line Items]
Derivative liability, fair value, gross liability	(169)	(83)
Derivative liability, fair value, gross asset	0	1
Derivative liability	(169)	(82)
Fair value of gross derivative assets/(liabilities), net	(169)	(83)
Derivative asset fair value gross liability net of derivative liability fair value gross asset	0	1
Derivative asset, fair value, amount offset against collateral net of derivative liability, fair value, amount offset against collateral	$ (169)	$ (82)

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Losses expected to be realized from OCL during the next 12 months	$ (13)		$ (13)
AOCI Including Portion Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated OCL beginning balance	(46)	(42)	(37)	(45)
Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassified from accumulated OCL to income due to realization of previously deferred amounts	3	4	7	21
Mark-to-market of cash flow hedge accounting contracts	6	(5)	(7)	(19)
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated OCL ending balance	$ (37)	$ (43)	$ (37)	$ (43)

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Impact on Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Contracts (Interest Expense)	$ 10	$ 5	$ (14)	$ (1)	$ 5	$ (2)
Interest rate contracts | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Contracts (Interest Expense)	39			(28)			$ (53)	$ (82)
Energy Related Derivative
Derivative Instruments, Gain (Loss) [Line Items]
Mark-to-market economic hedging activities	$ 0			$ 0			$ (8)	$ 0

Long-term Debt - Debt Table (De

Long-term Debt - Debt Table (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt	$ 6,794	$ 6,857
Less current maturities	(363)	(1,824)
Less net debt issuance costs	(79)	(77)
Add premiums	5	0
Long-term debt — external	6,357	4,956
Long-term debt — affiliate, due 2020
Debt Instrument [Line Items]
Long-term debt	$ 0	44
Debt instrument, interest rate, stated percentage	3.325%
Intercompany Note with Clearway Energy, Inc.
Debt Instrument [Line Items]
Long-term debt	$ 2	0
Debt instrument, interest rate, stated percentage	1.49%
2024 Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 0	88
Debt instrument, interest rate, stated percentage	5.375%
2025 Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 600	600
Debt instrument, interest rate, stated percentage	5.75%
2026 Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 350	350
Debt instrument, interest rate, stated percentage	5.00%
2028 Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 850	600
Debt instrument, interest rate, stated percentage	4.75%
Subtotal project-level debt
Debt Instrument [Line Items]
Long-term debt	$ 4,992	5,175
Alpine, due 2022
Debt Instrument [Line Items]
Long-term debt	0	119
Alta Wind I-V lease financing arrangements, due 2034 and 2035
Debt Instrument [Line Items]
Long-term debt	816	844
Buckthorn Solar, due 2025
Debt Instrument [Line Items]
Long-term debt	127	129
Carlsbad Holdco, due 2038
Debt Instrument [Line Items]
Long-term debt	$ 215	216
Debt instrument, interest rate, stated percentage	4.21%
Carlsbad Energy Holdings LLC, due 2027 and 2038
Debt Instrument [Line Items]
Long-term debt	$ 568	582
Chestnut Borrower, LLC, due 2024
Debt Instrument [Line Items]
Long-term debt	109	0
CS4 Borrower, due 2026
Debt Instrument [Line Items]
Long-term debt	103	0
CVSR, due 2037
Debt Instrument [Line Items]
Long-term debt	675	696
CVSR Holdco Notes, due 2037
Debt Instrument [Line Items]
Long-term debt	$ 176	182
Debt instrument, interest rate, stated percentage	4.68%
Duquesne, due 2059
Debt Instrument [Line Items]
Long-term debt	$ 95	95
Debt instrument, interest rate, stated percentage	4.62%
El Segundo Energy Center, due 2023
Debt Instrument [Line Items]
Long-term debt	$ 250	303
Energy Center Minneapolis Series D, E, F, G, H Notes, due 2025-2037
Debt Instrument [Line Items]
Long-term debt	327	328
Laredo Ridge, due 2028
Debt Instrument [Line Items]
Long-term debt	80	84
Kansas South, due 2030
Debt Instrument [Line Items]
Long-term debt	23	24
Kawailoa Solar Holdings LLC, due 2026
Debt Instrument [Line Items]
Long-term debt	82	82
Marsh Landing, due 2023
Debt Instrument [Line Items]
Long-term debt	164	206
NIMH Solar, due 2024
Debt Instrument [Line Items]
Long-term debt	193	0
Oahu Solar Holdings LLC, due 2026
Debt Instrument [Line Items]
Long-term debt	90	91
Repowering Partnership Holdco LLC, due 2020
Debt Instrument [Line Items]
Long-term debt	0	228
South Trent, due 2028
Debt Instrument [Line Items]
Long-term debt	39	43
Tapestry, due 2031
Debt Instrument [Line Items]
Long-term debt	147	156
Utah Solar Holdings, due 2036
Debt Instrument [Line Items]
Long-term debt	$ 296	0
Debt instrument, basis spread on variable rate	3.59%
Utah Solar Portfolio, due 2022
Debt Instrument [Line Items]
Long-term debt	$ 0	254
Viento, due 2023
Debt Instrument [Line Items]
Long-term debt	35	42
Walnut Creek, due 2023
Debt Instrument [Line Items]
Long-term debt	140	175
Other
Debt Instrument [Line Items]
Long-term debt	242	296
Blythe
Debt Instrument [Line Items]
Long-term debt		14
Roadrunner
Debt Instrument [Line Items]
Long-term debt		28
Letter of credit | Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2023
Debt Instrument [Line Items]
Long-term debt	0	$ 0
Letters of credit outstanding, amount	59
Letter of credit | Alpine, due 2022
Debt Instrument [Line Items]
Letters of credit outstanding, amount	0
Letter of credit | Alta Wind I-V lease financing arrangements, due 2034 and 2035
Debt Instrument [Line Items]
Letters of credit outstanding, amount	29
Letter of credit | Buckthorn Solar, due 2025
Debt Instrument [Line Items]
Letters of credit outstanding, amount	26
Letter of credit | Carlsbad Holdco, due 2038
Debt Instrument [Line Items]
Letters of credit outstanding, amount	9
Letter of credit | Carlsbad Energy Holdings LLC, due 2027 and 2038
Debt Instrument [Line Items]
Letters of credit outstanding, amount	67
Letter of credit | Chestnut Borrower, LLC, due 2024
Debt Instrument [Line Items]
Letters of credit outstanding, amount	8
Letter of credit | CS4 Borrower, due 2026
Debt Instrument [Line Items]
Letters of credit outstanding, amount	4
Letter of credit | CVSR, due 2037
Debt Instrument [Line Items]
Letters of credit outstanding, amount	0
Letter of credit | CVSR Holdco Notes, due 2037
Debt Instrument [Line Items]
Letters of credit outstanding, amount	13
Letter of credit | Duquesne, due 2059
Debt Instrument [Line Items]
Letters of credit outstanding, amount	0
Letter of credit | El Segundo Energy Center, due 2023
Debt Instrument [Line Items]
Letters of credit outstanding, amount	138
Letter of credit | Energy Center Minneapolis Series D, E, F, G, H Notes, due 2025-2037
Debt Instrument [Line Items]
Letters of credit outstanding, amount	0
Letter of credit | Laredo Ridge, due 2028
Debt Instrument [Line Items]
Letters of credit outstanding, amount	10
Letter of credit | Kansas South, due 2030
Debt Instrument [Line Items]
Letters of credit outstanding, amount	2
Letter of credit | Kawailoa Solar Holdings LLC, due 2026
Debt Instrument [Line Items]
Letters of credit outstanding, amount	13
Letter of credit | Marsh Landing, due 2023
Debt Instrument [Line Items]
Letters of credit outstanding, amount	38
Letter of credit | NIMH Solar, due 2024
Debt Instrument [Line Items]
Letters of credit outstanding, amount	11
Letter of credit | Oahu Solar Holdings LLC, due 2026
Debt Instrument [Line Items]
Letters of credit outstanding, amount	11
Letter of credit | Repowering Partnership Holdco LLC, due 2020
Debt Instrument [Line Items]
Letters of credit outstanding, amount	0
Letter of credit | South Trent, due 2028
Debt Instrument [Line Items]
Letters of credit outstanding, amount	12
Letter of credit | Tapestry, due 2031
Debt Instrument [Line Items]
Letters of credit outstanding, amount	18
Letter of credit | Utah Solar Holdings, due 2036
Debt Instrument [Line Items]
Letters of credit outstanding, amount	9
Letter of credit | Utah Solar Portfolio, due 2022
Debt Instrument [Line Items]
Letters of credit outstanding, amount	0
Letter of credit | Viento, due 2023
Debt Instrument [Line Items]
Letters of credit outstanding, amount	12
Letter of credit | Walnut Creek, due 2023
Debt Instrument [Line Items]
Letters of credit outstanding, amount	80
Letter of credit | Other
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 29
Minimum | Alta Wind I-V lease financing arrangements, due 2034 and 2035
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	5.696%
Minimum | CVSR, due 2037
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	2.339%
Maximum | Alta Wind I-V lease financing arrangements, due 2034 and 2035
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	7.015%
Maximum | CVSR, due 2037
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	3.775%
London Interbank Offered Rate (LIBOR) | Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2023
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.00%
London Interbank Offered Rate (LIBOR) | Alpine, due 2022
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.00%
London Interbank Offered Rate (LIBOR) | Buckthorn Solar, due 2025
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.75%
London Interbank Offered Rate (LIBOR) | Chestnut Borrower, LLC, due 2024
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.50%
London Interbank Offered Rate (LIBOR) | CS4 Borrower, due 2026
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.00%
London Interbank Offered Rate (LIBOR) | Laredo Ridge, due 2028
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.125%
London Interbank Offered Rate (LIBOR) | Kansas South, due 2030
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.25%
London Interbank Offered Rate (LIBOR) | Kawailoa Solar Holdings LLC, due 2026
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.375%
London Interbank Offered Rate (LIBOR) | Marsh Landing, due 2023
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.125%
London Interbank Offered Rate (LIBOR) | NIMH Solar, due 2024
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.00%
London Interbank Offered Rate (LIBOR) | Oahu Solar Holdings LLC, due 2026
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.375%
London Interbank Offered Rate (LIBOR) | Repowering Partnership Holdco LLC, due 2020
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.85%
London Interbank Offered Rate (LIBOR) | South Trent, due 2028
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.35%
London Interbank Offered Rate (LIBOR) | Tapestry, due 2031
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.375%
London Interbank Offered Rate (LIBOR) | Utah Solar Portfolio, due 2022
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.625%
London Interbank Offered Rate (LIBOR) | Viento, due 2023
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.00%
London Interbank Offered Rate (LIBOR) | Walnut Creek, due 2023
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.75%
London Interbank Offered Rate (LIBOR) | Minimum | El Segundo Energy Center, due 2023
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.875%
London Interbank Offered Rate (LIBOR) | Maximum | El Segundo Energy Center, due 2023
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.50%

Long-term Debt - Debt Disclosur

Long-term Debt - Debt Disclosures (Details) - USD ($)

Nov. 02, 2020

Sep. 30, 2020

Sep. 01, 2020

Jun. 01, 2020

May 21, 2020

Jan. 03, 2020

Feb. 29, 2020

Sep. 30, 2020

Sep. 30, 2019

Sep. 30, 2020

Sep. 30, 2019

Feb. 18, 2020

Debt Instrument [Line Items]

Proceeds from the revolving credit facility

$ 265,000,000

$ 22,000,000

Payments for the revolving credit facility

265,000,000

22,000,000

Loss on debt extinguishment

$ 6,000,000

$ 0

9,000,000

1,000,000

Payment of transaction fees

10,000,000

15,000,000

Cash consideration to acquire membership interests

70,000,000

$ 0

DG-CS Master Borrower LLC | Subsequent Event

Debt Instrument [Line Items]

Unwind related to derivatives

$ 42,000,000

Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility

Debt Instrument [Line Items]

Proceeds from the revolving credit facility

265,000,000

Payments for the revolving credit facility

$ 265,000,000

Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2.00%

2024 Senior Notes

Debt Instrument [Line Items]

Debt instrument, interest rate, stated percentage

5.375%

5.375%

5.375%

Redemption premium, percentage

102.70%

Redeemed aggregate principal amount

$ 88,000,000

Total consideration

90,000,000

Loss on debt extinguishment

$ 3,000,000

CS4 Borrower, due 2026 | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2.00%

CS4 Borrower, due 2026 | London Interbank Offered Rate (LIBOR) | Renew CS4 Borrower LLC

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2.00%

CS4 Borrower, due 2026 | Debt Instrument, Redemption, Period One | Renew CS4 Borrower LLC

Debt Instrument [Line Items]

Debt instrument, interest rate, stated percentage

2.00%

2.00%

2.00%

CS4 Borrower, due 2026 | Debt Instrument, Redemption, Period Two | Renew CS4 Borrower LLC

Debt Instrument [Line Items]

Debt instrument, interest rate, stated percentage

2.25%

2.25%

2.25%

Chestnut Borrower, LLC | Subsequent Event

Debt Instrument [Line Items]

Repayments of debt

107,000,000

Renew Solar CS 4 Borrower LLC | Subsequent Event

Debt Instrument [Line Items]

Repayments of debt

102,000,000

DGPV 4 Borrower LLC | Subsequent Event

Debt Instrument [Line Items]

Repayments of debt

92,000,000

Puma Class B LLC | Subsequent Event

Debt Instrument [Line Items]

Repayments of debt

$ 73,000,000

Utah Solar Holdings, due 2036

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

3.59%

DG-CS Master Borrower LLC Financing Arrangement | DG-CS Master Borrower LLC | Subsequent Event

Debt Instrument [Line Items]

Debt instrument, interest rate, stated percentage

3.51%

Repowering Partnership Holdco LLC, due 2020

Debt Instrument [Line Items]

Repayments of debt

$ 260,000,000

Repowering Partnership Holdco LLC, due 2020 | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.85%

Intercompany Note with Clearway Energy, Inc.

Debt Instrument [Line Items]

Debt face amount

$ 3,000,000

Debt instrument, interest rate, stated percentage

1.49%

1.49%

1.49%

Letter of credit | Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility

Debt Instrument [Line Items]

Letters of credit outstanding, amount

$ 59,000,000

$ 59,000,000

$ 59,000,000

Letter of credit | CS4 Borrower, due 2026

Debt Instrument [Line Items]

Letters of credit outstanding, amount

4,000,000

4,000,000

4,000,000

Letter of credit | CS4 Borrower, due 2026 | Renew CS4 Borrower LLC

Debt Instrument [Line Items]

Debt face amount

4,900,000

4,900,000

4,900,000

Letter of credit | Chestnut Borrower credit agreement | Chestnut Borrower, LLC

Debt Instrument [Line Items]

Debt face amount

7,900,000

7,900,000

7,900,000

Letter of credit | Utah Solar Holdings, due 2036

Debt Instrument [Line Items]

Letters of credit outstanding, amount

9,000,000

9,000,000

9,000,000

Letter of credit | DG-CS Master Borrower LLC Financing Arrangement | DG-CS Master Borrower LLC | Subsequent Event

Debt Instrument [Line Items]

Proceeds from the revolving credit facility

$ 30,000,000

Letter of credit | NIMH Solar LLC Financing Arrangement | NIMH Solar LLC

Debt Instrument [Line Items]

Proceeds from the revolving credit facility

16,000,000

Letter of credit | Repowering Partnership Holdco LLC, due 2020

Debt Instrument [Line Items]

Letters of credit outstanding, amount

0

0

0

Construction loans | CS4 Borrower, due 2026 | Renew CS4 Borrower LLC

Debt Instrument [Line Items]

Debt face amount

97,400,000

97,400,000

97,400,000

Bridge loan | CS4 Borrower, due 2026 | Renew CS4 Borrower LLC

Debt Instrument [Line Items]

Debt face amount

89,900,000

89,900,000

89,900,000

Loans payable | Chestnut Borrower credit agreement | Chestnut Borrower, LLC

Debt Instrument [Line Items]

Debt face amount

120,300,000

$ 120,300,000

$ 120,300,000

Loans payable | Chestnut Borrower credit agreement | Debt Instrument, Redemption, Period One | London Interbank Offered Rate (LIBOR) | Chestnut Borrower, LLC

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2.50%

Loans payable | Chestnut Borrower credit agreement | Debt Instrument, Redemption, Period Two | London Interbank Offered Rate (LIBOR) | Chestnut Borrower, LLC

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2.75%

Loans payable | Project level debt | Alpine

Debt Instrument [Line Items]

Repayments of debt

117,000,000

Loans payable | Project level debt | Blythe

Debt Instrument [Line Items]

Repayments of debt

14,000,000

Loans payable | Project level debt | Roadrunner

Debt Instrument [Line Items]

Repayments of debt

27,000,000

Loans payable | DG-CS Master Borrower LLC Financing Arrangement | DG-CS Master Borrower LLC | Subsequent Event

Debt Instrument [Line Items]

Proceeds from the revolving credit facility

$ 467,000,000

Loans payable | NIMH Solar LLC Financing Arrangement | Affiliated Entity | Clearway Energy Operating LLC

Debt Instrument [Line Items]

Distributions

45,000,000

Loans payable | NIMH Solar LLC Financing Arrangement | NIMH Solar LLC

Debt Instrument [Line Items]

Proceeds from the revolving credit facility

$ 193,000,000

Loans payable | NIMH Solar LLC Financing Arrangement | London Interbank Offered Rate (LIBOR) | Through Third Party Anniversary of Closing

Debt Instrument [Line Items]

Debt instrument, interest rate, stated percentage

2.00%

2.00%

2.00%

Loans payable | NIMH Solar LLC Financing Arrangement | London Interbank Offered Rate (LIBOR) | After Third Party Anniversary of Closing

Debt Instrument [Line Items]

Debt instrument, interest rate, stated percentage

2.125%

2.125%

2.125%

Senior notes | 2028 Senior Notes

Debt Instrument [Line Items]

Debt instrument, interest rate, stated percentage

4.75%

Redemption premium, percentage

102.00%

Redeemed aggregate principal amount

$ 250,000,000

Senior notes | 2028 Senior Notes | Clearway Energy, Inc.

Debt Instrument [Line Items]

Repayment of outstanding principal amount

$ 45,000,000

Senior notes | Utah Solar Holdings, due 2036 | Utah Solar Holdings, LLC

Debt Instrument [Line Items]

Proceeds from the revolving credit facility

$ 296,000,000

Debt instrument, interest rate, stated percentage

3.59%

Repayments of debt

$ 247,000,000

Unwind related to derivatives

33,000,000

Senior notes | Utah Solar Holdings, due 2036 | Utah Solar Holdings, LLC | Affiliated Entity | Clearway Energy Operating LLC

Debt Instrument [Line Items]

Distributions

$ 9,000,000

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Segment Reporting
Operating revenues	$ 332			$ 296			$ 919	$ 797
Cost of operations	95			84			275	245
Depreciation, amortization and accretion	102			114			303	289
Impairment losses	0			0			0	19
General and administrative	9			7			29	19
Transaction and integration costs	1			0			2	2
Development costs	2			1			4	4
Operating Income	123			90			306	219
Equity in earnings of unconsolidated affiliates	19			38			22	52
Gain on sale of unconsolidated affiliate	0			0			49	0
Other income, net	(1)			2			2	6
Loss on debt extinguishment	(6)			0			(9)	(1)
Interest expense	(84)			(105)			(344)	(336)
Net Income (Loss)	51	$ 104	$ (129)	25	$ (31)	$ (54)	26	(60)
Total Assets	9,641						9,641		$ 9,605
Thermal
Segment Reporting
Impairment losses					$ 19
Operating Segments
Segment Reporting
Operating revenues	332			296			919	797
Operating Segments | Conventional Generation
Segment Reporting
Operating revenues	116			90			326	253
Cost of operations	21			13			67	43
Depreciation, amortization and accretion	34			26			100	76
Impairment losses								0
General and administrative	0			0			0	0
Transaction and integration costs	0						0	0
Development costs	0			0			0	0
Operating Income	61			51			159	134
Equity in earnings of unconsolidated affiliates	3			3			6	7
Gain on sale of unconsolidated affiliate							0
Other income, net	1			0			1	1
Loss on debt extinguishment	0						0	0
Interest expense	(17)			(13)			(69)	(45)
Net Income (Loss)	48			41			97	97
Total Assets	2,615						2,615
Operating Segments | Renewables
Segment Reporting
Operating revenues	157			151			444	392
Cost of operations	33			35			108	103
Depreciation, amortization and accretion	61			81			182	193
Impairment losses								0
General and administrative	0			1			1	1
Transaction and integration costs	0						0	0
Development costs	0			0			0	0
Operating Income	63			34			153	95
Equity in earnings of unconsolidated affiliates	16			35			16	45
Gain on sale of unconsolidated affiliate							0
Other income, net	0			2			1	4
Loss on debt extinguishment	(6)						(6)	(1)
Interest expense	(39)			(65)			(190)	(213)
Net Income (Loss)	34			6			(26)	(70)
Total Assets	6,210						6,210
Operating Segments | Thermal
Segment Reporting
Operating revenues	59			55			149	152
Cost of operations	41			36			100	99
Depreciation, amortization and accretion	7			7			21	20
Impairment losses								19
General and administrative	1			1			4	2
Transaction and integration costs	0						0	0
Development costs	2			1			4	4
Operating Income	8			10			20	8
Equity in earnings of unconsolidated affiliates	0			0			0	0
Gain on sale of unconsolidated affiliate							0
Other income, net	(1)			0			0	0
Loss on debt extinguishment	0						0	0
Interest expense	(6)			(5)			(16)	(13)
Net Income (Loss)	1			5			4	(5)
Total Assets	627						627
Corporate
Segment Reporting
Operating revenues	0			0			0	0
Cost of operations	0			0			0	0
Depreciation, amortization and accretion	0			0			0	0
Impairment losses								0
General and administrative	8			5			24	16
Transaction and integration costs	1						2	2
Development costs	0			0			0	0
Operating Income	(9)			(5)			(26)	(18)
Equity in earnings of unconsolidated affiliates	0			0			0	0
Gain on sale of unconsolidated affiliate							49
Other income, net	(1)			0			0	1
Loss on debt extinguishment	0						(3)	0
Interest expense	(22)			(22)			(69)	(65)
Net Income (Loss)	(32)			$ (27)			(49)	$ (82)
Total Assets	$ 189						$ 189

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Related Party Transaction
General and administrative	$ 9	$ 7	$ 29	$ 19
RENOM
Related Party Transaction
Expenses from transactions with related party	9	8	27	22
Due to affiliate	9		9		$ 7
CEG
Related Party Transaction
Expenses from transactions with related party	3	$ 2	7	$ 5
General and administrative	$ 0.6		$ 2

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt	$ 6,794	$ 6,857
2025 Senior Notes
Debt Instrument [Line Items]
Long-term debt	600	600
2026 Senior Notes
Debt Instrument [Line Items]
Long-term debt	350	350
2028 Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 850	$ 600

Condensed Consolidating Finan_4

Condensed Consolidating Financial Information - Income Statement (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Condensed Income Statements, Captions [Line Items]
Total operating revenues	$ 332			$ 296			$ 919	$ 797
Operating Costs and Expenses
Cost of operations	95			84			275	245
Depreciation, amortization and accretion	102			114			303	289
Impairment losses	0			0			0	19
General and administrative	9			7			29	19
Transaction and integration costs	1			0			2	2
Development costs	2			1			4	4
Total operating costs and expenses	209			206			613	578
Operating Income	123			90			306	219
Other Income (Expense)
Equity in earnings (loss) of consolidated affiliates	0			0			0	0
Equity in earnings of unconsolidated affiliates	19			38			22	52
Gain on sale of unconsolidated affiliate	0			0			49	0
Other income, net	(1)			2			2	6
Loss on debt extinguishment	(6)			0			(9)	(1)
Interest expense	(84)			(105)			(344)	(336)
Total other expense, net	(72)			(65)			(280)	(279)
Net Income (Loss)	51	$ 104	$ (129)	25	$ (31)	$ (54)	26	(60)
Loss attributable to noncontrolling interests	(20)			(25)			(86)	(29)
Net Income (Loss) Attributable to Clearway Energy, LLC	71			50			112	(31)
Reportable Legal Entities | Parent Company
Condensed Income Statements, Captions [Line Items]
Total operating revenues	0			0			0	0
Operating Costs and Expenses
Cost of operations	0			0			0	0
Depreciation, amortization and accretion	0			0			0	0
Impairment losses								0
General and administrative	0			0			0	0
Transaction and integration costs	0						0	0
Development costs	0			0			0	0
Total operating costs and expenses	0			0			0	0
Operating Income	0			0			0	0
Other Income (Expense)
Equity in earnings (loss) of consolidated affiliates	71			49			112	(32)
Equity in earnings of unconsolidated affiliates	0			0			0	0
Gain on sale of unconsolidated affiliate							0
Other income, net	0			0			0	1
Loss on debt extinguishment	0						0	0
Interest expense	0			0			0	0
Total other expense, net	71			49			112	(31)
Net Income (Loss)	71			49			112	(31)
Loss attributable to noncontrolling interests	0			0			0	0
Net Income (Loss) Attributable to Clearway Energy, LLC	71			49			112	(31)
Reportable Legal Entities | Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Total operating revenues	4			3			10	8
Operating Costs and Expenses
Cost of operations	(1)			0			0	1
Depreciation, amortization and accretion	1			2			4	5
Impairment losses								0
General and administrative	0			0			0	0
Transaction and integration costs	0						0	0
Development costs	0			0			0	0
Total operating costs and expenses	0			2			4	6
Operating Income	4			1			6	2
Other Income (Expense)
Equity in earnings (loss) of consolidated affiliates	(21)			6			(15)	5
Equity in earnings of unconsolidated affiliates	2			17			(1)	27
Gain on sale of unconsolidated affiliate							0
Other income, net	0			0			0	0
Loss on debt extinguishment	0						0	0
Interest expense	0			0			0	0
Total other expense, net	(19)			23			(16)	32
Net Income (Loss)	(15)			24			(10)	34
Loss attributable to noncontrolling interests	0			0			0	0
Net Income (Loss) Attributable to Clearway Energy, LLC	(15)			24			(10)	34
Reportable Legal Entities | Non-Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Total operating revenues	328			293			909	789
Operating Costs and Expenses
Cost of operations	96			84			276	244
Depreciation, amortization and accretion	101			112			299	284
Impairment losses								19
General and administrative	1			1			3	1
Transaction and integration costs	0						0	0
Development costs	2			0			2	0
Total operating costs and expenses	200			197			580	548
Operating Income	128			96			329	241
Other Income (Expense)
Equity in earnings (loss) of consolidated affiliates	0			0			0	0
Equity in earnings of unconsolidated affiliates	2			9			4	7
Gain on sale of unconsolidated affiliate							0
Other income, net	2			2			2	5
Loss on debt extinguishment	(6)						(6)	(1)
Interest expense	(60)			(83)			(273)	(271)
Total other expense, net	(62)			(72)			(273)	(260)
Net Income (Loss)	66			24			56	(19)
Loss attributable to noncontrolling interests	(15)			(21)			(74)	(18)
Net Income (Loss) Attributable to Clearway Energy, LLC	81			45			130	(1)
Reportable Legal Entities | Subsidiary Issuer
Condensed Income Statements, Captions [Line Items]
Total operating revenues	1			0			2	1
Operating Costs and Expenses
Cost of operations	1			0			2	1
Depreciation, amortization and accretion	0			0			0	0
Impairment losses								0
General and administrative	8			6			25	18
Transaction and integration costs	1						2	2
Development costs	0			1			2	4
Total operating costs and expenses	10			7			31	25
Operating Income	(9)			(7)			(29)	(24)
Other Income (Expense)
Equity in earnings (loss) of consolidated affiliates	87			42			135	11
Equity in earnings of unconsolidated affiliates	15			12			19	18
Gain on sale of unconsolidated affiliate							49
Other income, net	(3)			0			0	0
Loss on debt extinguishment	0						(3)	0
Interest expense	(24)			(22)			(71)	(65)
Total other expense, net	75			32			129	(36)
Net Income (Loss)	66			25			100	(60)
Loss attributable to noncontrolling interests	(5)			(25)			(12)	(29)
Net Income (Loss) Attributable to Clearway Energy, LLC	71			50			112	(31)
Eliminations
Condensed Income Statements, Captions [Line Items]
Total operating revenues	(1)			0			(2)	(1)
Operating Costs and Expenses
Cost of operations	(1)			0			(3)	(1)
Depreciation, amortization and accretion	0			0			0	0
Impairment losses								0
General and administrative	0			0			1	0
Transaction and integration costs	0						0	0
Development costs	0			0			0	0
Total operating costs and expenses	(1)			0			(2)	(1)
Operating Income	0			0			0	0
Other Income (Expense)
Equity in earnings (loss) of consolidated affiliates	(137)			(97)			(232)	16
Equity in earnings of unconsolidated affiliates	0			0			0	0
Gain on sale of unconsolidated affiliate							0
Other income, net	0			0			0	0
Loss on debt extinguishment	0						0	0
Interest expense	0			0			0	0
Total other expense, net	(137)			(97)			(232)	16
Net Income (Loss)	(137)			(97)			(232)	16
Loss attributable to noncontrolling interests	0			21			0	18
Net Income (Loss) Attributable to Clearway Energy, LLC	$ (137)			$ (118)			$ (232)	$ (2)

Condensed Consolidating Finan_5

Condensed Consolidating Financial Information - Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Condensed Statement of Income Captions [Line Items]
Net income (loss)	$ 51	$ 104	$ (129)	$ 25	$ (31)	$ (54)	$ 26	$ (60)
Other Comprehensive Loss
Unrealized gain (loss) on derivatives	10			(1)			1	2
Other comprehensive income (loss)	10			(1)			1	2
Comprehensive Income (Loss)	61			24			27	(58)
Less: Comprehensive loss attributable to noncontrolling interests and redeemable interests	(20)			(25)			(86)	(28)
Comprehensive Income (Loss) Attributable to Clearway Energy LLC	81			49			113	(30)
Reportable Legal Entities | Parent Company
Condensed Statement of Income Captions [Line Items]
Net income (loss)	71			49			112	(31)
Other Comprehensive Loss
Unrealized gain (loss) on derivatives	9			0			1	2
Other comprehensive income (loss)	9			0			1	2
Comprehensive Income (Loss)	80			49			113	(29)
Less: Comprehensive loss attributable to noncontrolling interests and redeemable interests	0			0			0	0
Comprehensive Income (Loss) Attributable to Clearway Energy LLC	80			49			113	(29)
Reportable Legal Entities | Guarantor Subsidiaries
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(15)			24			(10)	34
Other Comprehensive Loss
Unrealized gain (loss) on derivatives	0			0			0	0
Other comprehensive income (loss)	0			0			0	0
Comprehensive Income (Loss)	(15)			24			(10)	34
Less: Comprehensive loss attributable to noncontrolling interests and redeemable interests	0			0			0	0
Comprehensive Income (Loss) Attributable to Clearway Energy LLC	(15)			24			(10)	34
Reportable Legal Entities | Non-Guarantor Subsidiaries
Condensed Statement of Income Captions [Line Items]
Net income (loss)	66			24			56	(19)
Other Comprehensive Loss
Unrealized gain (loss) on derivatives	10			(1)			(2)	4
Other comprehensive income (loss)	10			(1)			(2)	4
Comprehensive Income (Loss)	76			23			54	(15)
Less: Comprehensive loss attributable to noncontrolling interests and redeemable interests	(15)			(21)			(74)	(18)
Comprehensive Income (Loss) Attributable to Clearway Energy LLC	91			44			128	3
Reportable Legal Entities | Subsidiary Issuer
Condensed Statement of Income Captions [Line Items]
Net income (loss)	66			25			100	(60)
Other Comprehensive Loss
Unrealized gain (loss) on derivatives	10			(2)			1	2
Other comprehensive income (loss)	10			(2)			1	2
Comprehensive Income (Loss)	76			23			101	(58)
Less: Comprehensive loss attributable to noncontrolling interests and redeemable interests	(5)			(25)			(12)	(28)
Comprehensive Income (Loss) Attributable to Clearway Energy LLC	81			48			113	(30)
Eliminations
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(137)			(97)			(232)	16
Other Comprehensive Loss
Unrealized gain (loss) on derivatives	(19)			2			1	(6)
Other comprehensive income (loss)	(19)			2			1	(6)
Comprehensive Income (Loss)	(156)			(95)			(231)	10
Less: Comprehensive loss attributable to noncontrolling interests and redeemable interests	0			21			0	18
Comprehensive Income (Loss) Attributable to Clearway Energy LLC	$ (156)			$ (116)			$ (231)	$ (8)

Condensed Consolidating Finan_6

Condensed Consolidating Financial Information - Balance Sheet (Details) - USD ($) $ in Millions	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 359			$ 152
Restricted cash	178			262
Accounts receivable — trade	156			116
Accounts receivable — affiliate	0			2
Inventory	42			40
Prepayments and other current assets	38			33
Total current assets	773			605
Property, plant and equipment, net	6,165			6,063
Other Assets
Investment in consolidated subsidiaries	0			0
Equity investments in affiliates	1,001			1,183
Intangible assets, net	1,371			1,428
Right of use assets, net	256			223
Other non-current assets	75			103
Total other assets	2,703			2,937
Total Assets	9,641			9,605
Current Liabilities
Current portion of long-term debt — external	361			1,780
Current portion of long-term debt — affiliate	2			44
Accounts payable — trade	46			73
Accounts payable — affiliate	24			33
Derivative instruments	36			16
Accrued interest expense	48			41
Accrued expenses and other current liabilities	89			71
Total current liabilities	606			2,058
Other Liabilities
Long-term debt — external	6,357			4,956
Derivative instruments	150			76
Long-term lease liabilities	260			227
Other non-current liabilities	114			115
Total non-current liabilities	6,881			5,374
Total Liabilities	7,487			7,432
Commitments and Contingencies
Members' Equity
Contributed capital	1,747			1,882
Retained earnings	65			5
Accumulated other comprehensive loss	(36)			(37)
Noncontrolling interest	378			323
Total Members' Equity	2,154	$ 2,138	$ 2,151	2,173	$ 1,977	$ 1,995	$ 2,096	$ 2,182
Total Liabilities and Members’ Equity	9,641			9,605
Reportable Legal Entities | Parent Company
Current Assets
Cash and cash equivalents	184			27
Restricted cash	0			0
Accounts receivable — trade	0			0
Accounts receivable — affiliate	0			0
Inventory	0			0
Prepayments and other current assets	0			0
Total current assets	184			27
Property, plant and equipment, net	0			0
Other Assets
Investment in consolidated subsidiaries	1,611			1,824
Equity investments in affiliates	0			0
Intangible assets, net	0			0
Right of use assets, net	0			0
Other non-current assets	0			0
Total other assets	1,611			1,824
Total Assets	1,795			1,851
Current Liabilities
Current portion of long-term debt — external	0			0
Current portion of long-term debt — affiliate	0			0
Accounts payable — trade	0			0
Accounts payable — affiliate	19			1
Derivative instruments	0			0
Accrued interest expense	0			0
Accrued expenses and other current liabilities	0			0
Total current liabilities	19			1
Other Liabilities
Long-term debt — external	0			0
Derivative instruments	0			0
Long-term lease liabilities	0			0
Other non-current liabilities	0			0
Total non-current liabilities	0			0
Total Liabilities	19			1
Commitments and Contingencies
Members' Equity
Contributed capital	1,747			1,882
Retained earnings	65			5
Accumulated other comprehensive loss	(36)			(37)
Noncontrolling interest	0			0
Total Members' Equity	1,776			1,850
Total Liabilities and Members’ Equity	1,795			1,851
Reportable Legal Entities | Guarantor Subsidiaries
Current Assets
Cash and cash equivalents	0			0
Restricted cash	0			0
Accounts receivable — trade	3			2
Accounts receivable — affiliate	4			1
Inventory	0			0
Prepayments and other current assets	0			1
Total current assets	7			4
Property, plant and equipment, net	53			63
Other Assets
Investment in consolidated subsidiaries	668			402
Equity investments in affiliates	143			342
Intangible assets, net	10			10
Right of use assets, net	0			0
Other non-current assets	0			0
Total other assets	821			754
Total Assets	881			821
Current Liabilities
Current portion of long-term debt — external	0			0
Current portion of long-term debt — affiliate	0			0
Accounts payable — trade	0			0
Accounts payable — affiliate	0			6
Derivative instruments	0			0
Accrued interest expense	0			0
Accrued expenses and other current liabilities	0			0
Total current liabilities	0			6
Other Liabilities
Long-term debt — external	0			0
Derivative instruments	0			0
Long-term lease liabilities	0			0
Other non-current liabilities	1			2
Total non-current liabilities	1			2
Total Liabilities	1			8
Commitments and Contingencies
Members' Equity
Contributed capital	910			794
Retained earnings	(30)			19
Accumulated other comprehensive loss	0			0
Noncontrolling interest	0			0
Total Members' Equity	880			813
Total Liabilities and Members’ Equity	881			821
Reportable Legal Entities | Non-Guarantor Subsidiaries
Current Assets
Cash and cash equivalents	175			125
Restricted cash	178			262
Accounts receivable — trade	152			114
Accounts receivable — affiliate	0			0
Inventory	42			40
Prepayments and other current assets	37			31
Total current assets	584			572
Property, plant and equipment, net	6,112			6,000
Other Assets
Investment in consolidated subsidiaries	0			0
Equity investments in affiliates	515			479
Intangible assets, net	1,361			1,418
Right of use assets, net	254			222
Other non-current assets	72			100
Total other assets	2,202			2,219
Total Assets	8,898			8,791
Current Liabilities
Current portion of long-term debt — external	361			1,692
Current portion of long-term debt — affiliate	0			0
Accounts payable — trade	44			64
Accounts payable — affiliate	17			20
Derivative instruments	36			16
Accrued interest expense	29			24
Accrued expenses and other current liabilities	82			65
Total current liabilities	569			1,881
Other Liabilities
Long-term debt — external	4,570			3,424
Derivative instruments	150			76
Long-term lease liabilities	259			226
Other non-current liabilities	113			105
Total non-current liabilities	5,092			3,831
Total Liabilities	5,661			5,712
Commitments and Contingencies
Members' Equity
Contributed capital	2,787			2,808
Retained earnings	138			23
Accumulated other comprehensive loss	(44)			(42)
Noncontrolling interest	356			290
Total Members' Equity	3,237			3,079
Total Liabilities and Members’ Equity	8,898			8,791
Reportable Legal Entities | Subsidiary Issuer
Current Assets
Cash and cash equivalents	0			0
Restricted cash	0			0
Accounts receivable — trade	1			0
Accounts receivable — affiliate	14			1
Inventory	0			0
Prepayments and other current assets	1			1
Total current assets	16			2
Property, plant and equipment, net	0			0
Other Assets
Investment in consolidated subsidiaries	3,451			3,492
Equity investments in affiliates	343			362
Intangible assets, net	0			0
Right of use assets, net	2			1
Other non-current assets	3			3
Total other assets	3,799			3,858
Total Assets	3,815			3,860
Current Liabilities
Current portion of long-term debt — external	0			88
Current portion of long-term debt — affiliate	2			44
Accounts payable — trade	2			9
Accounts payable — affiliate	6			6
Derivative instruments	0			0
Accrued interest expense	19			17
Accrued expenses and other current liabilities	7			6
Total current liabilities	36			170
Other Liabilities
Long-term debt — external	1,787			1,532
Derivative instruments	0			0
Long-term lease liabilities	1			1
Other non-current liabilities	0			8
Total non-current liabilities	1,788			1,541
Total Liabilities	1,824			1,711
Commitments and Contingencies
Members' Equity
Contributed capital	2,080			2,257
Retained earnings	(431)			(396)
Accumulated other comprehensive loss	(36)			(37)
Noncontrolling interest	378			325
Total Members' Equity	1,991			2,149
Total Liabilities and Members’ Equity	3,815			3,860
Eliminations
Current Assets
Cash and cash equivalents	0			0
Restricted cash	0			0
Accounts receivable — trade	0			0
Accounts receivable — affiliate	(18)			0
Inventory	0			0
Prepayments and other current assets	0			0
Total current assets	(18)			0
Property, plant and equipment, net	0			0
Other Assets
Investment in consolidated subsidiaries	(5,730)			(5,718)
Equity investments in affiliates	0			0
Intangible assets, net	0			0
Right of use assets, net	0			0
Other non-current assets	0			0
Total other assets	(5,730)			(5,718)
Total Assets	(5,748)			(5,718)
Current Liabilities
Current portion of long-term debt — external	0			0
Current portion of long-term debt — affiliate	0			0
Accounts payable — trade	0			0
Accounts payable — affiliate	(18)			0
Derivative instruments	0			0
Accrued interest expense	0			0
Accrued expenses and other current liabilities	0			0
Total current liabilities	(18)			0
Other Liabilities
Long-term debt — external	0			0
Derivative instruments	0			0
Long-term lease liabilities	0			0
Other non-current liabilities	0			0
Total non-current liabilities	0			0
Total Liabilities	(18)			0
Commitments and Contingencies
Members' Equity
Contributed capital	(5,777)			(5,859)
Retained earnings	323			354
Accumulated other comprehensive loss	80			79
Noncontrolling interest	(356)			(292)
Total Members' Equity	(5,730)			(5,718)
Total Liabilities and Members’ Equity	$ (5,748)			$ (5,718)

Condensed Consolidating Finan_7

Condensed Consolidating Financial Information - Cash Flows (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used In) Operating Activities	$ 441	$ 373
Cash Flows from Investing Activities
Intercompany transactions between Clearway Energy LLC and subsidiaries	0	0
Acquisition of Drop Down Assets	(79)	(6)
Acquisitions	0	(100)
Partnership interest acquisition		(6)
Buyout of Wind TE Holdco noncontrolling interest	0	(19)
Capital expenditures	(95)	(200)
Return of investment from unconsolidated affiliates	53	37
Investments in unconsolidated affiliates	(11)	(14)
Proceeds from sale of assets	90	0
Insurance proceeds	5	2
Other		2
Net Cash Used in Investing Activities	(20)	(300)
Cash Flows from Financing Activities
Transfer of funds under intercompany cash management arrangement	0	0
Net contributions (distributions) from noncontrolling interests	147	(15)
Buyout of Repowering Partnership II noncontrolling interest	(70)	0
Net proceeds from the issuance of Class C units	58	0
Payments of distributions, net of contributions	(147)	(116)
Payments of debt issuance costs	(10)	(15)
Proceeds from the revolving credit facility	265	22
Payments for the revolving credit facility	(265)	(22)
Proceeds from the issuance of long-term debt — external	775	586
Payments for long-term debt — external	(1,009)	(480)
Proceeds from long-term debt — affiliate	3	0
Payments for long-term debt — affiliate	(45)	(222)
Net Cash Used in Financing Activities	(298)	(262)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	123	(189)
Cash, Cash Equivalents and Restricted Cash at beginning of period	414	583
Cash, Cash Equivalents and Restricted Cash at end of period	537	394
Consolidation of DGPV Holdco 3 LLC	17	0
Parent Company
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used In) Operating Activities	0	59
Cash Flows from Investing Activities
Intercompany transactions between Clearway Energy LLC and subsidiaries	82	(210)
Acquisition of Drop Down Assets	0
Acquisitions		0
Partnership interest acquisition		0
Buyout of Wind TE Holdco noncontrolling interest		0
Capital expenditures	0	0
Return of investment from unconsolidated affiliates	0	0
Investments in unconsolidated affiliates	0	0
Proceeds from sale of assets	0
Insurance proceeds	0
Other		0
Net Cash Used in Investing Activities	82	(210)
Cash Flows from Financing Activities
Transfer of funds under intercompany cash management arrangement	164	5
Net contributions (distributions) from noncontrolling interests	0	0
Buyout of Repowering Partnership II noncontrolling interest	0
Net proceeds from the issuance of Class C units	58
Payments of distributions, net of contributions	(147)	(116)
Payments of debt issuance costs	0	0
Proceeds from the revolving credit facility	0	0
Payments for the revolving credit facility	0	0
Proceeds from the issuance of long-term debt — external	0	0
Payments for long-term debt — external	0	0
Proceeds from long-term debt — affiliate	0
Payments for long-term debt — affiliate	0	(7)
Net Cash Used in Financing Activities	75	(118)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	157	(269)
Cash, Cash Equivalents and Restricted Cash at beginning of period	27	298
Cash, Cash Equivalents and Restricted Cash at end of period	184	29
Consolidation of DGPV Holdco 3 LLC	0
Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used In) Operating Activities	(94)	7
Cash Flows from Investing Activities
Intercompany transactions between Clearway Energy LLC and subsidiaries	0	0
Acquisition of Drop Down Assets	0
Acquisitions		0
Partnership interest acquisition		0
Buyout of Wind TE Holdco noncontrolling interest		0
Capital expenditures	0	0
Return of investment from unconsolidated affiliates	6	7
Investments in unconsolidated affiliates	(11)	(14)
Proceeds from sale of assets	0
Insurance proceeds	0
Other		0
Net Cash Used in Investing Activities	(5)	(7)
Cash Flows from Financing Activities
Transfer of funds under intercompany cash management arrangement	99	0
Net contributions (distributions) from noncontrolling interests	0	0
Buyout of Repowering Partnership II noncontrolling interest	0
Net proceeds from the issuance of Class C units	0
Payments of distributions, net of contributions	0	0
Payments of debt issuance costs	0	0
Proceeds from the revolving credit facility	0	0
Payments for the revolving credit facility	0	0
Proceeds from the issuance of long-term debt — external	0	0
Payments for long-term debt — external	0	0
Proceeds from long-term debt — affiliate	0
Payments for long-term debt — affiliate	0	0
Net Cash Used in Financing Activities	99	0
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	0	0
Cash, Cash Equivalents and Restricted Cash at beginning of period	0	0
Cash, Cash Equivalents and Restricted Cash at end of period	0	0
Consolidation of DGPV Holdco 3 LLC	0
Non-Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used In) Operating Activities	560	258
Cash Flows from Investing Activities
Intercompany transactions between Clearway Energy LLC and subsidiaries	0	0
Acquisition of Drop Down Assets	0
Acquisitions		0
Partnership interest acquisition		0
Buyout of Wind TE Holdco noncontrolling interest		0
Capital expenditures	(95)	(200)
Return of investment from unconsolidated affiliates	36	26
Investments in unconsolidated affiliates	0	0
Proceeds from sale of assets	0
Insurance proceeds	5
Other		2
Net Cash Used in Investing Activities	(37)	(172)
Cash Flows from Financing Activities
Transfer of funds under intercompany cash management arrangement	(294)	(6)
Net contributions (distributions) from noncontrolling interests	146	28
Buyout of Repowering Partnership II noncontrolling interest	0
Net proceeds from the issuance of Class C units	0
Payments of distributions, net of contributions	0	(121)
Payments of debt issuance costs	(8)	(13)
Proceeds from the revolving credit facility	0	0
Payments for the revolving credit facility	0	0
Proceeds from the issuance of long-term debt — external	520	586
Payments for long-term debt — external	(921)	(480)
Proceeds from long-term debt — affiliate	0
Payments for long-term debt — affiliate	0	0
Net Cash Used in Financing Activities	(557)	(6)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	(34)	80
Cash, Cash Equivalents and Restricted Cash at beginning of period	387	285
Cash, Cash Equivalents and Restricted Cash at end of period	353	365
Consolidation of DGPV Holdco 3 LLC	17
Subsidiary Issuer
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used In) Operating Activities	(25)	49
Cash Flows from Investing Activities
Intercompany transactions between Clearway Energy LLC and subsidiaries	(82)	210
Acquisition of Drop Down Assets	(79)
Acquisitions		(100)
Partnership interest acquisition		(6)
Buyout of Wind TE Holdco noncontrolling interest		(19)
Capital expenditures	0	0
Return of investment from unconsolidated affiliates	11	4
Investments in unconsolidated affiliates	0	0
Proceeds from sale of assets	90
Insurance proceeds	0
Other		0
Net Cash Used in Investing Activities	(60)	89
Cash Flows from Financing Activities
Transfer of funds under intercompany cash management arrangement	31	1
Net contributions (distributions) from noncontrolling interests	1	(43)
Buyout of Repowering Partnership II noncontrolling interest	(70)
Net proceeds from the issuance of Class C units	0
Payments of distributions, net of contributions	0	121
Payments of debt issuance costs	(2)	(2)
Proceeds from the revolving credit facility	265	22
Payments for the revolving credit facility	(265)	(22)
Proceeds from the issuance of long-term debt — external	255	0
Payments for long-term debt — external	(88)	0
Proceeds from long-term debt — affiliate	3
Payments for long-term debt — affiliate	(45)	(215)
Net Cash Used in Financing Activities	85	(138)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	0	0
Cash, Cash Equivalents and Restricted Cash at beginning of period	0	0
Cash, Cash Equivalents and Restricted Cash at end of period	0	$ 0
Consolidation of DGPV Holdco 3 LLC	$ 0

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Operating lease cost - Fixed	$ 5	$ 2	$ 14	$ 6
Operating lease cost - Variable	2	3	7	10
Total lease cost	$ 7	$ 5	$ 21	$ 16

Leases - Other Information (Det

Leases - Other Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Leases [Abstract]
ROU Assets - operating leases, net	$ 256		$ 223
Short-term lease liability - operating leases	7		7
Long-term lease liability - operating leases	260		227
Total lease liability	$ 267		$ 234
Weighted average remaining lease term (in years)	24 years		25 years
Weighted average discount rate (as a percentage)	4.30%		4.40%
Cash paid for operating leases	$ 13	$ 7

Leases - Maturities of Operatin

Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Remainder of 2020	$ 5
2021	18
2022	18
2023	18
2024	18
Thereafter	332
Total lease payments	409
Less imputed interest	(142)
Total lease liability	$ 267	$ 234

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	Sep. 30, 2020USD ($)renewal_option	Dec. 31, 2019USD ($)
Lessee, Lease, Description [Line Items]
Lease liability	$ 267	$ 234
Right of use assets, net	$ 256	223
Oahu Solar Partnership
Lessee, Lease, Description [Line Items]
Lease period	35 years
Number of renewal options | renewal_option	2
Renewal period	5 years
Lease liability	$ 20	21
Right of use assets, net	$ 18	$ 19

Leases - Revenue Related to Lea

Leases - Revenue Related to Leases (Details) - Operating Segments - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Lessor, Lease, Description [Line Items]
Lease revenue	$ 275	$ 252	$ 794	$ 675
Energy Revenue
Lessor, Lease, Description [Line Items]
Lease revenue	156	163	456	422
Capacity Revenue
Lessor, Lease, Description [Line Items]
Lease revenue	119	89	338	253
Conventional Generation
Lessor, Lease, Description [Line Items]
Lease revenue	122	91	344	257
Conventional Generation | Energy Revenue
Lessor, Lease, Description [Line Items]
Lease revenue	3	2	6	4
Conventional Generation | Capacity Revenue
Lessor, Lease, Description [Line Items]
Lease revenue	119	89	338	253
Renewables
Lessor, Lease, Description [Line Items]
Lease revenue	153	160	449	416
Renewables | Energy Revenue
Lessor, Lease, Description [Line Items]
Lease revenue	153	160	449	416
Renewables | Capacity Revenue
Lessor, Lease, Description [Line Items]
Lease revenue	0	0	0	0
Thermal
Lessor, Lease, Description [Line Items]
Lease revenue	0	1	1	2
Thermal | Energy Revenue
Lessor, Lease, Description [Line Items]
Lease revenue	0	1	1	2
Thermal | Capacity Revenue
Lessor, Lease, Description [Line Items]
Lease revenue	$ 0	$ 0	$ 0	$ 0

Leases - Minimum Future Rent Pa

Leases - Minimum Future Rent Payments (Details) $ in Millions	Sep. 30, 2020USD ($)
Leases [Abstract]
Remainder of 2020	$ 117
2021	444
2022	450
2023	259
2024	106
Thereafter	1,605
Total lease payments	$ 2,981

Leases - Property, Plant and Eq

Leases - Property, Plant and Equipment Related to Operating Leases (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Accumulated depreciation	$ (2,135)	$ (1,880)
Net property, plant and equipment	6,165	6,063
Assets Leased to Others
Property, Plant and Equipment [Line Items]
Property, plant and equipment	6,975	6,942
Accumulated depreciation	(1,854)	(1,649)
Net property, plant and equipment	$ 5,121	$ 5,293

Asset Impairments (Details)

Asset Impairments (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting
Impairment loss	$ 0	$ 0		$ 0	$ 19
Thermal
Segment Reporting
Impairment loss			$ 19

Uncategorized Items - cwen-2020

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (3,000,000)
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (3,000,000)