Clearway Energy (CWEN.A) 10-Q 8 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Jul. 31, 2023
Class of Stock [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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	2023
Document Fiscal Period Focus	Q2
Common Class A
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		34,613,853
Common Class B
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		42,738,750
Common Class C
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		82,385,884
Common Class D
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		42,336,750

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - Unaudited - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Operating Revenues
Total operating revenues	$ 406	$ 368	$ 694	$ 582
Operating Costs and Expenses
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	118	112	226	240
Depreciation, amortization and accretion	128	126	256	250
General and administrative	9	9	19	21
Transaction and integration costs	2	3	2	5
Development costs	0	1	0	2
Total operating costs and expenses	257	251	503	518
Gain on sale of business	0	1,291	0	1,291
Operating Income	149	1,408	191	1,355
Other Income (Expense)
Equity in earnings (losses) of unconsolidated affiliates	3	10	0	14
Other income, net	9	5	17	5
Loss on debt extinguishment	0	0	0	(2)
Interest expense	(55)	(47)	(154)	(94)
Total other expense, net	(43)	(32)	(137)	(77)
Net Income	106	1,376	54	1,278
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	0	(6)	(30)	(46)
Net Income Attributable to Clearway Energy LLC	$ 106	$ 1,382	$ 84	$ 1,324

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - Unaudited - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net Income	$ 106	$ 1,376	$ 54	$ 1,278
Other Comprehensive Income
Unrealized gain on derivatives and changes in accumulated OCI/OCL	4	7	0	23
Other comprehensive income	4	7	0	23
Comprehensive Income	110	1,383	54	1,301
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests	1	(5)	(30)	(42)
Comprehensive Income Attributable to Clearway Energy LLC	$ 109	$ 1,388	$ 84	$ 1,343

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 547	$ 657
Restricted cash	371	339
Inventory	51	47
Derivative instruments	34	26
Prepayments and other current assets	64	54
Total current assets	1,283	1,276
Property, plant and equipment, net	7,748	7,421
Other Assets
Equity investments in affiliates	352	364
Intangible assets for power purchase agreements, net	2,397	2,488
Other intangible assets, net	74	77
Derivative instruments	83	63
Right-of-use assets, net	550	527
Other non-current assets	131	96
Total other assets	3,587	3,615
Total Assets	12,618	12,312
Current Liabilities
Accounts payable — trade	63	55
Derivative instruments	44	50
Accrued interest expense	54	54
Accrued expenses and other current liabilities	54	95
Total current liabilities	609	602
Other Liabilities
Long-term debt — external	6,708	6,491
Deferred income taxes	4	4
Derivative instruments	259	303
Long-term lease liabilities	578	548
Other non-current liabilities	208	197
Total other liabilities	7,757	7,543
Total Liabilities	8,366	8,145
Redeemable noncontrolling interest in subsidiaries	15	7
Commitments and Contingencies
Members’ Equity
Contributed capital	1,275	1,308
Retained earnings	1,126	1,240
Accumulated other comprehensive income	21	21
Noncontrolling interest	1,815	1,591
Total Members’ Equity	4,237	4,160
Total Liabilities and Members’ Equity	12,618	12,312
Nonrelated Party
Current Assets
Accounts Receivable, after Allowance for Credit Loss, Current	215	153
Current Liabilities
Current portion of long-term debt	330	322
Affiliated Entity
Current Assets
Accounts Receivable, after Allowance for Credit Loss, Current	1	0
Current Liabilities
Current portion of long-term debt	2	2
Accounts payable — affiliates	$ 62	$ 24

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - Unaudited - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash Flows from Operating Activities
Net Income	$ 54	$ 1,278
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of unconsolidated affiliates	0	(14)
Distributions from unconsolidated affiliates	11	17
Depreciation, amortization and accretion	256	250
Amortization of financing costs and debt discounts	6	7
Amortization of intangibles	94	82
Gain on sale of business	0	(1,291)
Loss on debt extinguishment	0	2
Reduction in carrying amount of right-of-use assets	8	7
Changes in derivative instruments and amortization of accumulated OCI/OCL	(51)	92
Cash used in changes in other working capital:
Changes in prepaid and accrued liabilities for tolling agreements	(56)	(74)
Changes in other working capital	(87)	(76)
Net Cash Provided by Operating Activities	235	280
Cash Flows from Investing Activities
Acquisition of Drop Down Assets, net of cash acquired	(7)	(51)
Capital expenditures	(109)	(81)
Return of investment from unconsolidated affiliates	10	6
Investments in unconsolidated affiliates	(10)	0
Proceeds from sale of business	0	1,457
Net Cash (Used in) Provided by Investing Activities	(116)	1,331
Cash Flows from Financing Activities
Contributions from noncontrolling interests, net of distributions	209	16
Contributions from (distributions to) CEG, net	66	(23)
Payments of distributions	(153)	(141)
Tax-related distributions	(45)	0
Distributions to CEG of escrowed amounts	0	(64)
Proceeds from the revolving credit facility	0	80
Payments for the revolving credit facility	0	(325)
Proceeds from the issuance of long-term debt — external	42	214
Payments of debt issuance costs	(8)	(4)
Payments for long-term debt — external	(306)	(722)
Payments for long-term debt — affiliate	0	(1)
Other	(2)	(7)
Net Cash Used in Financing Activities	(197)	(977)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash	(78)	634
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	996	654
Cash, Cash Equivalents and Restricted Cash at End of Period	$ 918	$ 1,288

CONSOLIDATED STATEMENTS OF MEMB

CONSOLIDATED STATEMENTS OF MEMBERS' EQUITY - USD ($) $ in Millions	Total	CEG	Tax Equity Investors	Clearway Energy, Inc.	Contributed Capital	Contributed Capital CEG	Contributed Capital Clearway Energy, Inc.	Retained Earnings	Retained Earnings CEG	Retained Earnings Clearway Energy, Inc.	Accumulated Other Comprehensive(Loss) Income	Noncontrolling Interest	Noncontrolling Interest CEG	Noncontrolling Interest Tax Equity Investors
Balance, beginning of period at Dec. 31, 2021	$ 3,217				$ 1,495			$ 43			$ (13)	$ 1,692
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(100)							(58)				(42)
Unrealized gain (loss) on derivatives and changes in accumulated OCI	16										13	3
Distributions to CEG, net of contributions, cash		$ (3)				$ (3)
Contributions from noncontrolling interests, net of distributions, cash			$ 28											$ 28
Transfers of assets under common control	(37)				(46)							9
Distributions paid		(30)		$ (40)		(5)	$ (40)		$ (25)
Balance, end of period at Mar. 31, 2022	3,051				1,401			(40)			0	1,690
Balance, beginning of period at Dec. 31, 2021	3,217				1,495			43			(13)	1,692
Balance, end of period at Jun. 30, 2022	4,329				1,341			1,342			6	1,640
Balance, beginning of period at Mar. 31, 2022	3,051				1,401			(40)			0	1,690
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,372							1,382				(10)
Unrealized gain (loss) on derivatives and changes in accumulated OCI	7										6	1
Contributions from (distributions to) CEG, cash		(20)				11							$ (31)
Distributions to noncontrolling interests, net of contributions, cash			(10)											(10)
Distributions paid		(30)		(41)		(30)	$ (41)		0
Balance, end of period at Jun. 30, 2022	4,329				1,341			1,342			6	1,640
Balance, beginning of period at Dec. 31, 2022	4,160				1,308			1,240			21	1,591
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(55)							(22)				(33)
Unrealized gain (loss) on derivatives and changes in accumulated OCI	(4)										(3)	(1)
Contributions from noncontrolling interests, net of distributions, cash		30	215			30								215
Transfers of assets under common control	(6)				(59)							53
Distributions paid		(32)		(44)					(32)	$ (44)
Balance, end of period at Mar. 31, 2023	4,264				1,279			1,142			18	1,825
Balance, beginning of period at Dec. 31, 2022	4,160				1,308			1,240			21	1,591
Balance, end of period at Jun. 30, 2023	4,237				1,275			1,126			21	1,815
Balance, beginning of period at Mar. 31, 2023	4,264				1,279			1,142			18	1,825
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	100							106				(6)
Unrealized gain (loss) on derivatives and changes in accumulated OCI	4										3	1
Contributions from (distributions to) CEG, cash		(4)				$ (4)							$ 0
Distributions to noncontrolling interests, net of contributions, cash			$ (5)											$ (5)
Tax-related distributions	(45)							(45)
Distributions paid		$ (32)		$ (45)					$ (32)	$ (45)
Balance, end of period at Jun. 30, 2023	$ 4,237				$ 1,275			$ 1,126			$ 21	$ 1,815

Nature of Business

Nature of Business	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Nature of Business Clearway Energy LLC, together with its consolidated subsidiaries, or the Company, is an energy infrastructure investor with a focus on investments in clean energy and owner of modern, sustainable and long-term contracted assets across North America. The Company is sponsored by GIP and TotalEnergies through the portfolio company, Clearway Energy Group LLC, or CEG, which is equally owned by GIP and TotalEnergies. GIP is an independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. TotalEnergies is a global multi-energy company. The Company is one of the largest renewable energy owners in the U.S. with over 5,500 net MW of installed wind and solar generation projects. The Company’s over 8,000 net MW of assets also includes approximately 2,500 net MW of environmentally-sound, highly efficient natural gas-fired generation facilities. Through this environmentally-sound, diversified and primarily contracted portfolio, the Company endeavors to increase distributions to its unit holders. The majority of the Company’s revenues are derived from long-term contractual arrangements for the output or capacity from these assets. Clearway Energy, Inc., or Clearway, Inc., consolidates the results of the Company through its controlling interest, with CEG’s interest shown as contributed capital in the Company’s consolidated financial statements. The holders of Clearway, Inc.’s outstanding shares of Class A and Class C common stock are entitled to dividends as declared. CEG receives its distributions from the Company through its ownership of the Company’s Class B and Class D units. As of June 30, 2023, Clearway, Inc. owned 57.90% of the economic interests of the Company, with CEG owning 42.10% of the economic interests of the Company. The following table represents a summarized structure of the Company as of June 30, 2023: 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 2022 Form 10-K. Interim results are not necessarily indicative of results for a full year. In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all material adjustments consisting of normal and recurring accruals necessary to present fairly the Company’s consolidated financial position as of June 30, 2023, and results of operations, comprehensive income and cash flows for the three and six months ended June 30, 2023 and 2022.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Use of Estimates The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amounts of net earnings during the reporting periods. Actual results could be different from these estimates. Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include highly liquid investments with an original maturity of three months or less at the time of purchase. Cash and cash equivalents held at project subsidiaries was $134 million and $121 million as of June 30, 2023 and December 31, 2022, respectively. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows: June 30, 2023 December 31, 2022 (In millions) Cash and cash equivalents $ 547 $ 657 Restricted cash 371 339 Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 918 $ 996 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 June 30, 2023, these restricted funds were comprised of $104 million designated to fund operating expenses, $168 million designated for current debt service payments and $85 million restricted for reserves including debt service, performance obligations and other reserves as well as capital expenditures. The remaining $14 million is held in distributions reserve accounts. Accumulated Depreciation and Accumulated Amortization The following table presents the accumulated depreciation included in property, plant and equipment, net, and accumulated amortization included in intangible assets, net: June 30, 2023 December 31, 2022 (In millions) Property, Plant and Equipment Accumulated Depreciation $ 3,232 $ 3,024 Intangible Assets Accumulated Amortization 972 877 Distributions The following table lists distributions paid on the Company's Class A, B, C and D units during the six months ended June 30, 2023: Second Quarter 2023 First Quarter 2023 Distributions per Class A, B, C and D unit $ 0.3818 $ 0.3745 On August 7, 2023, the Company declared a distribution on its Class A, Class B, Class C and Class D units of $0.3891 per unit payable on September 15, 2023 to unit holders of record as of September 1, 2023. In addition to the quarterly distributions, the Company paid $45 million in additional distributions, $26 million of which was distributed to Clearway, Inc. and $19 million of which was distributed to CEG, during the second quarter of 2023 in order for Clearway, Inc. to make certain additional tax payments primarily associated with the sale of the Thermal Business. Redeemable Noncontrolling Interests To the extent that a third party has the right to redeem their interests for cash or other assets, the Company has included the noncontrolling interest attributable to the third party as a component of temporary equity in the mezzanine section of the consolidated balance sheet. The following table reflects the changes in the Company’s redeemable noncontrolling interest balance: (In millions) Balance at December 31, 2022 $ 7 Cash distributions to redeemable noncontrolling interests (1) Comprehensive income attributable to redeemable noncontrolling interests 9 Balance at June 30, 2023 $ 15 Revenue Recognition Disaggregated Revenues The following tables represent the Company’s disaggregation of revenue from contracts with customers along with the reportable segment for each category: Three months ended June 30, 2023 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 3 $ 275 $ 278 Capacity revenue (a) 96 5 101 Other revenue (a) 21 27 48 Contract amortization (5) (42) (47) Mark-to-market for economic hedges — 26 26 Total operating revenues 115 291 406 Less: Mark-to-market for economic hedges — (26) (26) Less: Lease revenue (104) (237) (341) Less: Contract amortization 5 42 47 Total revenue from contracts with customers $ 16 $ 70 $ 86 (a) The following amounts of energy, capacity and other revenue relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 1 $ 233 $ 234 Capacity revenue 82 4 86 Other revenue (b) 21 — 21 Total $ 104 $ 237 $ 341 (b) On May 31, 2023, the Marsh Landing Black Start addition reached commercial operations and the Company will receive an annual fixed fee over a five-year term under the related agreement. The agreement was determined to be a sales-type lease resulting in the Company recording a lease receivable of $21 million included in total operating revenues, offset by net investment costs of $13 million included in cost of operations, resulting in a net pre-tax profit of $8 million. Three months ended June 30, 2022 (In millions) Conventional Generation Renewables Thermal Total Energy revenue (a) $ 3 $ 306 $ 11 $ 320 Capacity revenue (a) 106 1 4 111 Other revenue — 27 3 30 Contract amortization (6) (35) — (41) Mark-to-market for economic hedges — (52) — (52) Total operating revenues 103 247 18 368 Less: Mark-to-market for economic hedges — 52 — 52 Less: Lease revenue (109) (268) — (377) Less: Contract amortization 6 35 — 41 Total revenue from contracts with customers $ — $ 66 $ 18 $ 84 (a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 3 $ 268 $ 271 Capacity revenue 106 — 106 Total $ 109 $ 268 $ 377 Six months ended June 30, 2023 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 4 $ 473 $ 477 Capacity revenue (a) 196 10 206 Other revenue (a) 21 39 60 Contract amortization (11) (83) (94) Mark-to-market for economic hedges — 45 45 Total operating revenues 210 484 694 Less: Mark-to-market for economic hedges — (45) (45) Less: Lease revenue (205) (393) (598) Less: Contract amortization 11 83 94 Total revenue from contracts with customers $ 16 $ 129 $ 145 (a) The following amounts of energy, capacity and other revenue relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 2 $ 385 $ 387 Capacity revenue 182 8 190 Other revenue (b) 21 $ — 21 Total $ 205 $ 393 $ 598 (b) Includes revenue recognized for the Marsh Landing Black Start addition that reached commercial operations on May 31, 2023, as described above. Six months ended June 30, 2022 (In millions) Conventional Generation Renewables Thermal Total Energy revenue (a) $ 3 $ 501 $ 48 $ 552 Capacity revenue (a) 220 1 18 239 Other revenue — 41 11 52 Contract amortization (12) (71) — (83) Mark-to-market for economic hedges — (178) — (178) Total operating revenues 211 294 77 582 Less: Mark-to-market for economic hedges — 178 — 178 Less: Lease revenue (223) (430) (1) (654) Less: Contract amortization 12 71 — 83 Total revenue from contracts with customers $ — $ 113 $ 76 $ 189 (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 $ 430 $ 1 $ 434 Capacity revenue 220 — — 220 Total $ 223 $ 430 $ 1 $ 654 Contract Balances The following table reflects the contract assets and liabilities included on the Company’s consolidated balance sheets: June 30, 2023 December 31, 2022 (In millions) Accounts receivable, net - Contracts with customers $ 62 $ 37 Accounts receivable, net - Leases 153 116 Total accounts receivable, net $ 215 $ 153 Recently Adopted Accounting Standards In March 2020, the FASB issued ASU No. 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 are met. These amendments apply only to contracts that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform, which affects certain of the Company’s debt and interest rate swap agreements. The guidance is effective for all entities as of March 20, 2020 through December 31, 2022. In December 2022, the FASB issued ASU No. 2022-6, Deferral of the Sunset Date of Reference Rate Reform

Acquisitions and Dispositions

Acquisitions and Dispositions	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Dispositions	Acquisitions and Dispositions Acquisitions Daggett 3 Drop Down — On February 17, 2023, the Company, through its indirect subsidiary, Daggett Solar Investment LLC, acquired the Class A membership interests in Daggett TargetCo LLC, the indirect owner of the Daggett 3 solar project, a 300 MW solar project with matching storage capacity that is currently under construction, located in San Bernardino, California, from Clearway Renew, a subsidiary of CEG, for cash consideration of $21 million. Simultaneously, a cash equity investor acquired the Class B membership interests in Daggett TargetCo LLC from Clearway Renew for cash consideration of $129 million. The Company and the cash equity investor then contributed their Class A and B membership interests, respectively, into Daggett Renewable Holdco LLC, a partnership between the Company and the cash equity investor, which consolidates Daggett TargetCo LLC. Daggett TargetCo LLC consolidates, as the indirect owner of the primary beneficiary, a tax equity fund, Daggett TE Holdco LLC, which owns the Daggett 3 solar project, as further described in Note 4, Investments Accounted for by the Equity Method and Variable Interest Entities. Daggett 3 has PPAs with investment-grade counterparties that have a 15-year weighted average contract duration that commence when the underlying operating assets reach commercial operations, which is expected to occur in the second half of 2023. The Daggett 3 operations are reflected in the Company’s Renewables segment and the acquisition was funded with existing sources of liquidity. The acquisition was determined to be an asset acquisition and the Company consolidates Daggett 3 on a prospective basis in its financial statements. The assets and liabilities transferred to the Company relate to interests under common control and were recorded at historical cost in accordance with ASC 805-50, Business Combinations - Related Issues . The difference between the cash paid of $21 million and the historical cost of the Company’s net assets acquired of $15 million was recorded as an adjustment to CEG’s contributed capital balance. In addition, the Company reflected $21 million of the Company’s purchase price, which was contributed back to the Company by CEG to pay down the acquired long-term debt, in the line item contributions from CEG, net of distributions in the consolidated statements of members’ equity. The following is a summary of assets and liabilities transferred in connection with the acquisition as of February 17, 2023: (In millions) Daggett 3 Restricted cash $ 14 Property, plant and equipment 534 Right-of-use-assets, net 31 Derivative assets 27 Total assets acquired 606 Long-term debt (a) 480 Long-term lease liabilities 33 Other current and non-current liabilities (b) 78 Total liabilities assumed 591 Net assets acquired $ 15 (a) Includes a $181 million construction loan, $75 million sponsor equity bridge loan and $229 million tax equity bridge loan, offset by $5 million in unamortized debt issuance costs. See Note 7, Long-term Debt , for further discussion of the long-term debt assumed in the acquisition.

Investments Accounted for by th

Investments Accounted for by the Equity Method and Variable Interest Entities	6 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Investments Accounted for by the Equity Method and Variable Interest Entities	Investments Accounted for by the Equity Method and Variable Interest Entities Entities that are not Consolidated The Company has an interest in an entity that is considered a VIE under ASC 810, but for which it is not considered the primary beneficiary. The Company accounts for its interest in this entity and entities in which it has a significant investment under the equity method of accounting, as further described under Item 15 — Note 5, Investments Accounted for by the Equity Method and Variable Interest Entities, to the consolidated financial statements included in the Company’s 2022 Form 10 -K. Rosie Central BESS — On June 30, 2023, the Company, through its indirect subsidiary, Rosie Class B LLC, the indirect owner of the Rosamond Central solar project, became the owner of the Class B membership interests of Rosie BESS Devco LLC, or Rosie Central BESS, in order to facilitate and fund the construction of a 147 MW battery energy storage system, or BESS, that will be co-located at the Rosamond Central solar facility. Clearway Renew indirectly owns the Class A membership interests. The Company accounts for its investment in Rosie Central BESS as an equity method investment. The Company’s investment consists of $10 million contributed into Rosie Central BESS, funded through contributions from the Company and its cash equity investor in Rosie TargetCo LLC, which consolidates Rosie Class B LLC. On July 3, 2023, Rosie Class B LLC contributed an additional $20 million into Rosie Central BESS, as further described in Note 7 , Long-term Debt . Additionally, on June 30, 2023, Rosamond Central entered into an asset purchase agreement with Clearway Renew to acquire the BESS project assets at mechanical completion for a purchase price of $360 million, of which $72 million is payable at mechanical completion with the remaining $288 million payable at substantial completion. The Company will fund $17 million of the purchase price at mechanical completion and $67 million of the purchase price at substantial completion with the remaining purchase price funded through contributions from the cash equity investor in Rosie TargetCo LLC and the tax equity investor in Rosie TE Holdco LLC. The BESS project is anticipated to reach mechanical completion in the second half of 2023 and to reach substantial completion in the first half of 2024. The Company’s maximum exposure to loss as of June 30, 2023 is limited to its equity investment in the unconsolidated entities, as further summarized in the table below: Name Economic Interest Investment Balance (In millions) Avenal 50% $ 5 Desert Sunlight 25% 227 Elkhorn Ridge 67% 18 GenConn (a) 50% 80 Rosie Central BESS 50% 10 San Juan Mesa 75% 12 $ 352 (a) GenConn is a variable interest entity. Entities that are Consolidated As further described under Item 15 — Note 5, Investments Accounted for by the Equity Method and Variable Interest Entities, to the consolidated financial statements included in the Company’s 2022 Form 10-K, the Company has a controlling financial interest in certain entities which have been identified as VIEs under ASC 810, Consolidations , or ASC 810. These arrangements are primarily related to tax equity arrangements entered into with third parties in order to monetize certain tax credits associated with wind and solar facilities. The Company also has a controlling financial interest in certain partnership arrangements with third-party investors, which have also been identified as VIEs. Under the Company’s arrangements that have been identified as VIEs, the third-party investors are allocated earnings, tax attributes and distributable cash in accordance with the respective limited liability agreements. Many of these arrangements also provide a mechanism to facilitate achievement of the investor’s specified return by providing incremental cash distributions to the investor at a specified date if the specified return has not yet been achieved. The discussion below describes material changes to VIEs during the six months ended June 30, 2023. Daggett Renewable Holdco LLC — As described in Note 3, Acquisitions and Dispositions , on February 17, 2023, Daggett Solar Investment LLC, an indirect subsidiary of the Company, acquired the Class A membership interests in Daggett TargetCo LLC while a cash equity investor acquired the Class B membership interests. The Company and the cash equity investor then contributed their Class A and B membership interests, respectively, into Daggett Renewable Holdco LLC, a partnership between the Company and the cash equity investor, and concurrently, Daggett TargetCo LLC became a wholly-owned subsidiary of Daggett Renewable Holdco LLC. The Company consolidates Daggett Renewable Holdco LLC as a VIE as the Company is the primary beneficiary, through its role as managing member. The Company recorded the noncontrolling interest of the cash equity investor in Daggett Renewable Holdco LLC at historical carrying amount, with the offset to contributed capital. Daggett TargetCo LLC consolidates, as the indirect owner of the primary beneficiary, a tax equity fund, Daggett TE Holdco LLC, which owns the Daggett 3 solar project. The tax equity investor’s interest is shown as noncontrolling interest and the HLBV method is utilized to allocate the income or losses of Daggett TE Holdco LLC. Summarized financial information for the Company’s consolidated VIEs consisted of the following as of June 30, 2023: (In millions) Alta TE Holdco LLC Buckthorn Holdings, LLC DGPV Funds (a) Daggett Renewable Holdco LLC (b) Langford TE Partnership LLC Lighthouse Renewable Holdco LLC (c) Other current and non-current assets $ 59 $ 6 $ 88 $ 142 $ 12 $ 123 Property, plant and equipment 290 189 510 570 119 819 Intangible assets 193 — 13 — 2 — Total assets 542 195 611 712 133 942 Current and non-current liabilities 37 11 66 492 53 299 Total liabilities 37 11 66 492 53 299 Noncontrolling interest 39 22 27 234 62 511 Net assets less noncontrolling interest $ 466 $ 162 $ 518 $ (14) $ 18 $ 132 (a) DGPV Funds is comprised of Clearway & EFS Distributed Solar LLC, DGPV Fund 4 LLC, Golden Puma Fund LLC, Renew Solar CS4 Fund LLC and Chestnut Fund LLC, which are all tax equity funds. (b) Daggett Renewable Holdco LLC consolidates Daggett TE Holdco LLC, which is a consolidated VIE. (c) Lighthouse Renewable Holdco LLC consolidates Mesquite Star Tax Equity Holdco LLC, Black Rock TE Holdco LLC, Mililani TE Holdco LLC and Waiawa TE Holdco LLC, which are consolidated VIEs. (In millions) Lighthouse Renewable Holdco 2 LLC (a) Oahu Solar LLC Pinnacle Repowering TE Holdco LLC Rattlesnake TE Holdco LLC Rosie TargetCo LLC Wildorado TE Holdco LLC Other (b) Other current and non-current assets $ 42 $ 39 $ 6 $ 14 $ 45 $ 20 $ 14 Property, plant and equipment 353 160 100 180 234 202 148 Intangible assets — — 15 — — — 1 Total assets 395 199 121 194 279 222 163 Current and non-current liabilities 130 22 5 17 97 19 71 Total liabilities 130 22 5 17 97 19 71 Noncontrolling interest 232 24 42 83 128 105 67 Net assets less noncontrolling interest $ 33 $ 153 $ 74 $ 94 $ 54 $ 98 $ 25 (a) Lighthouse Renewable Holdco 2 LLC consolidates Mesquite Sky TE Holdco LLC, which is a consolidated VIE. (b) Other is comprised of Elbow Creek TE Holdco LLC and Spring Canyon TE Holdco LLC.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair Value Accounting under ASC 820 ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels as follows: • Level 1—quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access as of the measurement date. • Level 2—inputs other than quoted prices included within Level 1 that are directly observable for the asset or liability or indirectly observable through corroboration with observable market data. • Level 3—unobservable inputs for the asset or liability only used when there is little, if any, market activity for the asset or liability at the measurement date. In accordance with ASC 820, the Company determines the level in the fair value hierarchy within which each fair value measurement in its entirety falls, based on the lowest level input that is significant to the fair value measurement. For cash and cash equivalents, restricted cash, accounts receivable — trade, accounts receivable — affiliates, accounts payable — trade, accounts payable — affiliates and accrued expenses and other current liabilities, the carrying amounts approximate fair value because of the short-term maturity of those instruments and are classified as Level 1 within the fair value hierarchy. The carrying amounts and estimated fair values of the Company’s recorded financial instruments not carried at fair market value or that do not approximate fair value are as follows: As of June 30, 2023 As of December 31, 2022 Carrying Amount Fair Value Carrying Amount Fair Value (In millions) Long-term debt, including current portion — affiliate $ 2 $ 2 $ 2 $ 2 Long-term debt, including current portion — external (a) 7,097 6,516 6,874 6,288 (a) Excludes net debt issuance costs, which are recorded as a reduction to long-term debt on the Company’s consolidated balance sheets. The fair value of the Company’s publicly-traded long-term debt is based on quoted market prices and is classified as Level 2 within the fair value hierarchy. The fair value of debt securities, non-publicly traded long-term debt and certain notes receivable of the Company are based on expected future cash flows discounted at market interest rates, or current interest rates for similar instruments with equivalent credit quality and are classified as Level 3 within the fair value hierarchy. The following table presents the level within the fair value hierarchy for long-term debt, including current portion: As of June 30, 2023 As of December 31, 2022 Level 2 Level 3 Level 2 Level 3 (In millions) Long-term debt, including current portion $ 1,841 $ 4,677 $ 1,836 $ 4,454 Recurring Fair Value Measurements The Company records its derivative assets and liabilities at fair market 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 June 30, 2023 As of December 31, 2022 Fair Value (a) Fair Value (a) (In millions) Level 2 Level 3 Level 2 Level 3 Derivative assets: Interest rate contracts $ 117 $ — $ 89 $ — Other financial instruments (b) — 12 — 17 Total assets $ 117 $ 12 $ 89 $ 17 Derivative liabilities: Commodity contracts $ — $ 303 $ — $ 353 Total liabilities $ — $ 303 $ — $ 353 (a) There were no derivative assets classified as Level 1 or Level 3 and no liabilities classified as Level 1 as of June 30, 2023 and December 31, 2022. (b) Includes SREC contract. The following table reconciles the beginning and ending balances for instruments that are recognized at fair value in the consolidated financial statements using significant unobservable inputs: Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 (In millions) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Beginning balance $ (316) $ (280) $ (336) $ (154) Settlements 5 22 9 28 Additions due to loss of NPNS exception — — — (22) Total gains (losses) for the period included in earnings 20 (74) 36 (184) Ending balance $ (291) $ (332) $ (291) $ (332) Change in unrealized gains included in earnings for derivatives and other financial instruments held as of June 30, 2023 $ 20 $ 36 Derivative and Financial Instruments Fair Value Measurements The Company's contracts are non-exchange-traded and valued using prices provided by external sources. The Company uses quoted observable forward prices to value its commodity contracts. To the extent that observable forward prices are not available, the quoted prices reflect the average of the forward prices from the prior year, adjusted for inflation. As of June 30, 2023, contracts valued with prices provided by models and other valuation techniques make up 100% of derivative liabilities and other financial instruments. The Company’s significant positions classified as Level 3 include physical commodity contracts executed in illiquid markets. The significant unobservable inputs used in developing fair value include illiquid power tenors and location pricing, which is derived by extrapolating pricing as a basis to liquid locations. The tenor pricing and basis spread are based on observable market data when available or derived from historic prices and forward market prices from similar observable markets when not available. The following table quantifies the significant unobservable inputs used in developing the fair value of the Company’s Level 3 positions: June 30, 2023 Fair Value Input/Range Assets Liabilities Valuation Technique Significant Unobservable Input Low High Weighted Average (In millions) Commodity Contracts $ — $ (303) Discounted Cash Flow Forward Market Price (per MWh) $ 21.02 $ 71.74 $ 38.17 Other Financial Instruments 12 — Discounted Cash Flow Forecast annual generation levels of certain DG solar facilities 60,801 MWh 121,602 MWh 115,622 MWh The following table provides the impact on the fair value measurements to increases/(decreases) in significant unobservable inputs as of June 30, 2023: Significant Unobservable Input Position Change In Input Impact on Fair Value Measurement Forward Market Price Power Sell Increase/(Decrease) Lower/(Higher) Forecast Generation Levels Sell Increase/(Decrease) Higher/(Lower) The fair value of each contract is discounted using a risk-free interest rate. In addition, a credit reserve is applied to reflect credit risk, which is, for interest rate swaps, calculated based on credit default swaps using the bilateral method. For commodities, to the extent that the Net Exposure under a specific master agreement is an asset, the Company uses the counterparty’s default swap rate. If the Net Exposure under a specific master agreement is a liability, the Company uses a proxy of its own default swap rate. For interest rate swaps and commodities, the credit reserve is added to the discounted fair value to reflect the exit price that a market participant would be willing to receive to assume the liabilities or that a market participant would be willing to pay for the assets. As of June 30, 2023, the non-performance reserve was a $26 million gain recorded primarily to total operating revenues in the consolidated statements of income. It is possible that future market prices could vary from those used in recording assets and liabilities and such variations could be material. Concentration of Credit Risk In addition to the credit risk discussion as disclosed under Item 15 — Note 2, Summary of Significant Accounting Policies , to the consolidated financial statements included in the Company’s 2022 Form 10-K, the following item is a discussion of the concentration of credit risk for the Company’s financial instruments. Credit risk relates to the risk of loss resulting from non-performance or non-payment by counterparties pursuant to the terms of their contractual obligations. The Company monitors and manages credit risk through credit policies that include: (i) an established credit approval process; (ii) monitoring of counterparties' credit limits on an as needed basis; (iii) as applicable, the use of credit mitigation measures such as margin, collateral, prepayment arrangements, or volumetric limits; (iv) the use of payment netting agreements; and (v) the use of master netting agreements that allow for the netting of positive and negative exposures of various contracts associated with a single counterparty. Risks surrounding counterparty performance and credit could ultimately impact the amount and timing of expected cash flows. The Company seeks to mitigate counterparty risk by having a diversified portfolio of counterparties. Counterparty credit exposure includes credit risk exposure under certain long-term agreements, including solar and other PPAs. As external sources or observable market quotes are not available to estimate such exposure, the Company estimates the exposure related to these contracts based on various techniques including, but not limited to, internal models based on a fundamental analysis of the market and extrapolation of observable market data with similar characteristics. A significant portion of these commodity contracts are with utilities with strong credit quality and public utility commission or other regulatory support. However, such regulated utility counterparties can be impacted by changes in government regulations or adverse financial conditions, which the Company is unable to predict. Certain subsidiaries of the Company sell the output of their facilities to PG&E, a significant counterparty of the Company, under long-term PPAs, and PG&E’s credit rating is below investment-grade.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2023
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 2022 Form 10-K. Interest Rate Swaps The Company enters into interest rate swap agreements in order to hedge the variability of expected future cash interest payments. As of June 30, 2023, the Company had interest rate derivative instruments on non-recourse debt extending through 2040, a portion of which were designated as cash flow hedges. Under the interest rate swap agreements, the Company pays a fixed rate and the counterparties to the agreements pay a variable interest rate. Energy-Related Commodities As of June 30, 2023, the Company had energy-related derivative instruments extending through 2033. At June 30, 2023, these contracts were not designated as cash flow or fair value hedges. Volumetric Underlying Derivative Transactions The following table summarizes the net notional volume buy/(sell) of the Company’s open derivative transactions broken out by commodity: Total Volume June 30, 2023 December 31, 2022 Commodity Units (In millions) Power MWh (17) (18) Interest Dollars $ 1,667 $ 1,084 Fair Value of Derivative Instruments The following table summarizes the fair value within the derivative instrument valuation on the consolidated balance sheets: Fair Value Derivative Assets Derivative Liabilities June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 (In millions) Derivatives Designated as Cash Flow Hedges: Interest rate contracts current $ 7 $ 7 $ — $ — Interest rate contracts long-term 16 18 — — Total Derivatives Designated as Cash Flow Hedges $ 23 $ 25 $ — $ — Derivatives Not Designated as Cash Flow Hedges: Interest rate contracts current $ 27 $ 19 $ — $ — Interest rate contracts long-term 67 45 — — Commodity contracts current — — 44 50 Commodity contracts long-term — — 259 303 Total Derivatives Not Designated as Cash Flow Hedges $ 94 $ 64 $ 303 $ 353 Total Derivatives $ 117 $ 89 $ 303 $ 353 The Company has elected to present derivative assets and liabilities on the balance sheet on a trade-by-trade basis and does not offset amounts at the counterparty level. As of June 30, 2023 and December 31, 2022, the amount of outstanding collateral paid or received was immaterial. The following tables summarize the offsetting of derivatives by counterparty: Gross Amounts Not Offset in the Statement of Financial Position As of June 30, 2023 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Commodity contracts (In millions) Derivative liabilities $ (303) $ — $ (303) Total commodity contracts $ (303) $ — $ (303) Interest rate contracts Derivative assets $ 117 $ — $ 117 Total interest rate contracts $ 117 $ — $ 117 Total derivative instruments $ (186) $ — $ (186) Gross Amounts Not Offset in the Statement of Financial Position As of December 31, 2022 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Commodity contracts (In millions) Derivative liabilities $ (353) $ — $ (353) Total commodity contracts $ (353) $ — $ (353) Interest rate contracts Derivative assets $ 89 $ — $ 89 Total interest rate contracts $ 89 $ — $ 89 Total derivative instruments $ (264) $ — $ (264) Accumulated Other Comprehensive Income (Loss) The following table summarizes the effects on the Company’s accumulated OCI (OCL) balance attributable to interest rate swaps designated as cash flow hedge derivatives: Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 (In millions) Accumulated OCI (OCL) beginning balance $ 23 $ 3 $ 27 $ (13) Reclassified from accumulated OCI (OCL) to income due to realization of previously deferred amounts (1) 2 (1) 5 Mark-to-market of cash flow hedge accounting contracts 5 5 1 18 Accumulated OCI ending balance 27 10 27 10 Accumulated OCI attributable to noncontrolling interests 6 4 6 4 Accumulated OCI attributable to Clearway Energy LLC $ 21 $ 6 $ 21 $ 6 Gains expected to be realized from OCI during the next 12 months $ 6 $ 6 Amounts reclassified from accumulated OCI (OCL) into income are recorded to interest expense. Impact of Derivative Instruments on the Consolidated Statements of Income Mark-to-market gains/(losses) related to the Company’s derivatives are recorded in the consolidated statements of income as follows: Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 (In millions) Interest Rate Contracts (Interest expense) $ 22 $ 36 $ 1 $ 77 Commodity Contracts (Mark-to-market for economic hedging activities) (a) 32 (49) 50 (174) (a) Relates to long-term commodity contracts at Elbow Creek, Mesquite Star, Mt. Storm, Langford and Mesquite Sky. During the six months ended June 30, 2022, the commodity contract for Langford, which previously met the NPNS exception, no longer qualified for NPNS treatment and, accordingly, is accounted for as a derivative and marked to fair value through operating revenues. See Note 5, Fair Value of Financial Instruments , for a discussion regarding concentration of credit risk.

Long-term Debt

Long-term Debt	6 Months Ended
	Jun. 30, 2023
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 2022 Form 10-K. The Company’s borrowings, including short-term and long-term portions, consisted of the following: (In millions, except rates) June 30, 2023 December 31, 2022 June 30, 2023 interest rate % (a) Letters of Credit Outstanding at June 30, 2023 Intercompany Note with Clearway, Inc. $ 2 $ 2 4.430 2028 Senior Notes 850 850 4.750 2031 Senior Notes 925 925 3.750 2032 Senior Notes 350 350 3.750 Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 (b) — — S+1.850 $ 188 Non-recourse project-level debt: Agua Caliente Solar LLC, due 2037 640 649 2.395-3.633 45 Alta Wind Asset Management LLC, due 2031 11 12 L+2.625 — Alta Wind I-V lease financing arrangements, due 2034 and 2035 679 709 5.696-7.015 47 Alta Wind Realty Investments LLC, due 2031 21 22 7.000 — Borrego, due 2024 and 2038 50 51 Various — Buckthorn Solar, due 2025 119 119 S+2.100 22 Capistrano Wind Portfolio, due 2029 and 2031 145 156 S+2.100-S+2.150 34 Carlsbad Energy Holdings LLC, due 2027 114 115 S+1.900 82 Carlsbad Energy Holdings LLC, due 2038 407 407 4.120 — Carlsbad Holdco, LLC, due 2038 197 197 4.210 6 CVSR, due 2037 612 627 2.339-3.775 — CVSR Holdco Notes, due 2037 151 160 4.680 12 Daggett 3, due 2023 and 2028 446 — S+1.262 35 DG-CS Master Borrower LLC, due 2040 406 413 3.510 30 Marsh Landing, due 2023 — 19 — Mililani I, due 2027 47 47 S+1.600 5 NIMH Solar, due 2024 156 163 S+2.150 16 Oahu Solar Holdings LLC, due 2026 82 83 S+1.525 11 Rosie Class B LLC, due 2029 77 76 S+1.375 15 Utah Solar Holdings, due 2036 253 257 3.590 15 Viento Funding II, LLC, due 2029 180 184 S+1.475 25 Waiawa, due 2028 46 97 S+1.600 12 Walnut Creek, due 2023 — 19 — WCEP Holdings, LLC, due 2023 — 26 — Other 130 137 Various 250 Subtotal non-recourse project-level debt 4,969 4,745 Total debt 7,096 6,872 Less current maturities (332) (324) Less net debt issuance costs (59) (61) Add premiums (c) 3 4 Total long-term debt $ 6,708 $ 6,491 (a) As of June 30, 2023, S+ equals SOFR plus x% and L+ equals 3 month LIBOR plus x%. (b) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement. (c) Premiums relate to the 2028 Senior Notes. The financing arrangements listed above contain certain covenants, including financial covenants that the Company is required to be in compliance with during the term of the respective arrangement. As of June 30, 2023, the Company was in compliance with all of the required covenants. The discussion below describes material changes to or additions of long-term debt for the six months ended June 30, 2023. Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility On March 15, 2023, Clearway Energy Operating LLC refinanced the Amended and Restated Credit Agreement, which (i) replaced LIBOR with SOFR plus a credit spread adjustment of 0.10% as the applicable reference rate, (ii) increased the available revolving commitments to an aggregate principal amount of $700 million, (iii) extended the maturity date to March 15, 2028, (iv) increased the letter of credit sublimit to $594 million and (v) implemented certain other technical modifications. As of June 30, 2023, the Company had no outstanding borrowings under the revolving credit facility and $188 million in letters of credit outstanding. Project-level Debt Rosamond Central (Rosie Class B LLC) On June 30, 2023, Rosie Class B LLC amended its financing agreement to provide for (i) a term loan in the amount of $77 million, (ii) construction loans up to $115 million, which will convert to a term loan upon the BESS project reaching substantial completion, (iii) tax equity bridge loans up to $188 million, which will be repaid with tax equity proceeds received upon the BESS project reaching substantial completion, (iv) an increase to the letter of credit sublimit to $41 million and (v) an extension of the maturity date of the term loan and construction loans to five years subsequent to term conversions. On July 3, 2023, Rosie Class B LLC received total loan proceeds of $138 million, which was comprised of $115 million in construction loans and $28 million in tax equity bridge loans, net of $5 million in debt issuance costs that were deferred. Also on July 3, 2023, Rosie Class B LLC issued a loan to a consolidated subsidiary of Clearway Renew in the aggregate principal amount of $117 million in order to finance the construction of the BESS project. The loan bears interest at 9.00% and matures when the project reaches substantial completion, which is anticipated in the first half of 2024. The Company also contributed $20 million of the loan proceeds into Rosie Central BESS, as further described in Note 4, Investments Accounted for by the Equity Method and Variable Interest Entities . Waiawa On March 30, 2023, when the Waiawa solar project reached substantial completion, the tax equity investor contributed an additional $41 million and CEG contributed an additional $8 million, which was utilized, along with the $17 million in escrow, to repay the $55 million tax equity bridge loan, to fund $10 million in construction completion reserves and to pay $1 million in associated fees. Subsequent to the acquisition on October 3, 2022, the Company borrowed an additional $25 million in construction loans that was converted to a term loan in the amount of $47 million on March 30, 2023 that matures on March 30, 2028. Daggett 3 On February 17, 2023, as part of the acquisition of Daggett 3, as further described in Note 3, Acquisitions and Dispositions , the Company assumed the project’s financing agreement, which included a $181 million construction loan that converts to a term loan upon the project reaching substantial completion, $229 million tax equity bridge loan and $75 million sponsor equity bridge loan. The sponsor equity bridge loan was repaid at acquisition date, along with $8 million in associated fees, utilizing all of the proceeds from the Company and cash equity investor, which were contributed back to the Company by CEG. The tax equity bridge loan will be repaid with the final proceeds received from the tax equity investor upon Daggett 3 reaching substantial completion, which is expected to occur in the second half of 2023, along with the $62 million that was contributed into escrow by the tax equity investor at acquisition date. Subsequent to the acquisition, the Company borrowed an additional $36 million in construction loans.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2023
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, wind and energy storage The Corporate segment reflects the Company’s corporate costs and includes eliminating entries. The Company’s chief operating decision maker, its Chief Executive Officer, evaluates the performance of its segments based on operational measures including adjusted earnings before interest, taxes, depreciation and amortization, or Adjusted EBITDA, and CAFD, as well as net income (loss). Three months ended June 30, 2023 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 115 $ 291 $ — $ 406 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 40 79 (1) 118 Depreciation, amortization and accretion 32 96 — 128 General and administrative — — 9 9 Transaction and integration costs — — 2 2 Operating income (loss) 43 116 (10) 149 Equity in earnings of unconsolidated affiliates 1 2 — 3 Other income, net 1 3 5 9 Interest expense (8) (23) (24) (55) Net Income (Loss) $ 37 $ 98 $ (29) $ 106 Total Assets $ 2,169 $ 10,020 $ 429 $ 12,618 (a) Includes eliminations. Three months ended June 30, 2022 (In millions) Conventional Generation Renewables Thermal Corporate (a) Total Operating revenues $ 103 $ 247 $ 18 $ — $ 368 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 28 73 11 — 112 Depreciation, amortization and accretion 33 93 — — 126 General and administrative — — 1 8 9 Transaction and integration costs — — — 3 3 Development costs — — 1 — 1 Total operating costs and expenses 61 166 13 11 251 Gain on sale of business — — — 1,291 1,291 Operating income 42 81 5 1,280 1,408 Equity in earnings of unconsolidated affiliates 1 9 — — 10 Other income, net — 4 — 1 5 Interest expense (10) (11) (1) (25) (47) Net Income $ 33 $ 83 $ 4 $ 1,256 $ 1,376 (a) Includes eliminations. Six months ended June 30, 2023 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 210 $ 484 $ — $ 694 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 69 158 (1) 226 Depreciation, amortization and accretion 65 191 — 256 General and administrative — — 19 19 Transaction and integration costs — — 2 2 Operating income (loss) 76 135 (20) 191 Equity in earnings (losses) of unconsolidated affiliates 2 (2) — — Other income, net 2 4 11 17 Interest expense (19) (87) (48) (154) Net Income (Loss) $ 61 $ 50 $ (57) $ 54 (a) Includes eliminations. Six months ended June 30, 2022 (In millions) Conventional Generation Renewables Thermal Corporate (a) Total Operating revenues $ 211 $ 294 $ 77 $ — $ 582 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 49 141 50 — 240 Depreciation, amortization and accretion 66 184 — — 250 General and administrative — — 2 19 21 Transaction and integration costs — — — 5 5 Development costs — — 2 — 2 Total operating costs and expenses 115 325 54 24 518 Gain on sale of business — — — 1,291 1,291 Operating income (loss) 96 (31) 23 1,267 1,355 Equity in earnings of unconsolidated affiliates 2 12 — — 14 Other income, net — 4 — 1 5 Loss on debt extinguishment — (2) — — (2) Interest expense (18) (19) (6) (51) (94) Net Income (Loss) $ 80 $ (36) $ 17 $ 1,217 $ 1,278 (a) Includes eliminations.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions In addition to the transactions and relationships described elsewhere in the notes to the consolidated financial statements, certain subsidiaries of CEG provide services to the Company and its project entities. Amounts due to CEG subsidiaries are recorded as accounts payable — affiliates and amounts due to the Company from CEG subsidiaries are recorded as accounts receivable — affiliates in the Company’s consolidated balance sheets. The disclosures below summarize the Company’s material related party transactions with CEG and its subsidiaries that are included in the Company’s operating costs. O&M Services Agreements by and between the Company and Clearway Renewable Operation & Maintenance LLC Various wholly-owned subsidiaries of the Company in the Renewables segment are party to services agreements with Clearway Renewable Operation & Maintenance LLC, or RENOM, a wholly-owned subsidiary of CEG, which provides operation and maintenance, or O&M, services to these subsidiaries. The Company incurred total expenses for these services of $19 million and $15 million for the three months ended June 30, 2023 and 2022, respectively. The Company incurred total expenses for these services of $36 million and $30 million for the six months ended June 30, 2023 and 2022, respectively. There was a balance of $11 million and $14 million due to RENOM as of June 30, 2023 and December 31, 2022, respectively. Administrative Services Agreements by and between the Company and CEG Various wholly-owned subsidiaries of the Company are parties to services agreements with Clearway Asset Services LLC and Solar Asset Management LLC, two wholly-owned subsidiaries of CEG, which provide various administrative services to the Company's subsidiaries. The Company incurred expenses under these agreements of $6 million and $5 million for the three months ended June 30, 2023, and 2022, respectively. The Company incurred expenses under these agreements of $10 million and $8 million for the six months ended June 30, 2023 and 2022, respectively. There was a balance of $2 million and $3 million due to CEG as of June 30, 2023 and December 31, 2022, respectively. CEG Master Services Agreements The Company is a party to the CEG Master Services Agreements, 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. The Company incurred net expenses under these agreements of $2 million and $1 million for each of the three months ended June 30, 2023, and 2022, respectively. The Company incurred net expenses under these agreements of $3 million and $2 million for the six months ended June 30, 2023 and 2022, respectively.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies This note should be read in conjunction with the complete description under Item 15 — Note 14, Commitments and Contingencies , to the consolidated financial statements included in the Company’s 2022 Form 10-K. The Company’s material legal proceeding is described below. The Company believes that it has a valid defense to this legal proceeding and intends to defend it 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 matter 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 proceeding 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 estimate of such contingency 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 proceeding 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. 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. In response to motions for partial summary judgment filed by each party, the court denied Georgetown’s motion in its entirety, granted Buckthorn Westex’s motion with respect to the fraud by nondisclosure claim and denied Buckthorn Westex’s motion with respect to the breach of contract claim. The case is scheduled to proceed to trial in October 2023. Buckthorn Westex believes the allegations of Georgetown are meritless, and Buckthorn Westex is vigorously defending its rights under the PPA.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the SEC’s regulations for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The following notes should be read in conjunction with the accounting policies and other disclosures as set forth in the notes to the consolidated financial statements included in the Company’s 2022 Form 10-K. Interim results are not necessarily indicative of results for a full year.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amounts of net earnings during the reporting periods. Actual results could be different from these estimates.
Cash and Cash Equivalents	Cash and cash equivalents include highly liquid investments with an original maturity of three months or less at the time of purchase.
Restricted Cash	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.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In March 2020, the FASB issued ASU No. 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 are met. These amendments apply only to contracts that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform, which affects certain of the Company’s debt and interest rate swap agreements. The guidance is effective for all entities as of March 20, 2020 through December 31, 2022. In December 2022, the FASB issued ASU No. 2022-6, Deferral of the Sunset Date of Reference Rate Reform
Concentration of Credit Risk	Concentration of Credit Risk In addition to the credit risk discussion as disclosed under Item 15 — Note 2, Summary of Significant Accounting Policies , to the consolidated financial statements included in the Company’s 2022 Form 10-K, the following item is a discussion of the concentration of credit risk for the Company’s financial instruments. Credit risk relates to the risk of loss resulting from non-performance or non-payment by counterparties pursuant to the terms of their contractual obligations. The Company monitors and manages credit risk through credit policies that include: (i) an established credit approval process; (ii) monitoring of counterparties' credit limits on an as needed basis; (iii) as applicable, the use of credit mitigation measures such as margin, collateral, prepayment arrangements, or volumetric limits; (iv) the use of payment netting agreements; and (v) the use of master netting agreements that allow for the netting of positive and negative exposures of various contracts associated with a single counterparty. Risks surrounding counterparty performance and credit could ultimately impact the amount and timing of expected cash flows. The Company seeks to mitigate counterparty risk by having a diversified portfolio of counterparties. Counterparty credit exposure includes credit risk exposure under certain long-term agreements, including solar and other PPAs. As external sources or observable market quotes are not available to estimate such exposure, the Company estimates the exposure related to these contracts based on various techniques including, but not limited to, internal models based on a fundamental analysis of the market and extrapolation of observable market data with similar characteristics. A significant portion of these commodity contracts are with utilities with strong credit quality and public utility commission or other regulatory support. However, such regulated utility counterparties can be impacted by changes in government regulations or adverse financial conditions, which the Company is unable to predict. Certain subsidiaries of the Company sell the output of their facilities to PG&E, a significant counterparty of the Company, under long-term PPAs, and PG&E’s credit rating is below investment-grade.

Nature of Business (Tables)

Nature of Business (Tables)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Clearway Energy Organizational Structure	The following table represents a summarized structure of the Company as of June 30, 2023:

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows: June 30, 2023 December 31, 2022 (In millions) Cash and cash equivalents $ 547 $ 657 Restricted cash 371 339 Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 918 $ 996
Schedule of Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows: June 30, 2023 December 31, 2022 (In millions) Cash and cash equivalents $ 547 $ 657 Restricted cash 371 339 Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 918 $ 996
Schedule of Accumulated Depreciation and Amortization	The following table presents the accumulated depreciation included in property, plant and equipment, net, and accumulated amortization included in intangible assets, net: June 30, 2023 December 31, 2022 (In millions) Property, Plant and Equipment Accumulated Depreciation $ 3,232 $ 3,024 Intangible Assets Accumulated Amortization 972 877
Summary of 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 six months ended June 30, 2023: Second Quarter 2023 First Quarter 2023 Distributions per Class A, B, C and D unit $ 0.3818 $ 0.3745
Schedule of Redeemable Noncontrolling Interest	The following table reflects the changes in the Company’s redeemable noncontrolling interest balance: (In millions) Balance at December 31, 2022 $ 7 Cash distributions to redeemable noncontrolling interests (1) Comprehensive income attributable to redeemable noncontrolling interests 9 Balance at June 30, 2023 $ 15
Summary of Disaggregation of Revenue	The following tables represent the Company’s disaggregation of revenue from contracts with customers along with the reportable segment for each category: Three months ended June 30, 2023 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 3 $ 275 $ 278 Capacity revenue (a) 96 5 101 Other revenue (a) 21 27 48 Contract amortization (5) (42) (47) Mark-to-market for economic hedges — 26 26 Total operating revenues 115 291 406 Less: Mark-to-market for economic hedges — (26) (26) Less: Lease revenue (104) (237) (341) Less: Contract amortization 5 42 47 Total revenue from contracts with customers $ 16 $ 70 $ 86 (a) The following amounts of energy, capacity and other revenue relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 1 $ 233 $ 234 Capacity revenue 82 4 86 Other revenue (b) 21 — 21 Total $ 104 $ 237 $ 341 (b) On May 31, 2023, the Marsh Landing Black Start addition reached commercial operations and the Company will receive an annual fixed fee over a five-year term under the related agreement. The agreement was determined to be a sales-type lease resulting in the Company recording a lease receivable of $21 million included in total operating revenues, offset by net investment costs of $13 million included in cost of operations, resulting in a net pre-tax profit of $8 million. Three months ended June 30, 2022 (In millions) Conventional Generation Renewables Thermal Total Energy revenue (a) $ 3 $ 306 $ 11 $ 320 Capacity revenue (a) 106 1 4 111 Other revenue — 27 3 30 Contract amortization (6) (35) — (41) Mark-to-market for economic hedges — (52) — (52) Total operating revenues 103 247 18 368 Less: Mark-to-market for economic hedges — 52 — 52 Less: Lease revenue (109) (268) — (377) Less: Contract amortization 6 35 — 41 Total revenue from contracts with customers $ — $ 66 $ 18 $ 84 (a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 3 $ 268 $ 271 Capacity revenue 106 — 106 Total $ 109 $ 268 $ 377 Six months ended June 30, 2023 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 4 $ 473 $ 477 Capacity revenue (a) 196 10 206 Other revenue (a) 21 39 60 Contract amortization (11) (83) (94) Mark-to-market for economic hedges — 45 45 Total operating revenues 210 484 694 Less: Mark-to-market for economic hedges — (45) (45) Less: Lease revenue (205) (393) (598) Less: Contract amortization 11 83 94 Total revenue from contracts with customers $ 16 $ 129 $ 145 (a) The following amounts of energy, capacity and other revenue relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 2 $ 385 $ 387 Capacity revenue 182 8 190 Other revenue (b) 21 $ — 21 Total $ 205 $ 393 $ 598 (b) Includes revenue recognized for the Marsh Landing Black Start addition that reached commercial operations on May 31, 2023, as described above. Six months ended June 30, 2022 (In millions) Conventional Generation Renewables Thermal Total Energy revenue (a) $ 3 $ 501 $ 48 $ 552 Capacity revenue (a) 220 1 18 239 Other revenue — 41 11 52 Contract amortization (12) (71) — (83) Mark-to-market for economic hedges — (178) — (178) Total operating revenues 211 294 77 582 Less: Mark-to-market for economic hedges — 178 — 178 Less: Lease revenue (223) (430) (1) (654) Less: Contract amortization 12 71 — 83 Total revenue from contracts with customers $ — $ 113 $ 76 $ 189 (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 $ 430 $ 1 $ 434 Capacity revenue 220 — — 220 Total $ 223 $ 430 $ 1 $ 654
Schedule of Contract with Customer, Asset and Liability	The following table reflects the contract assets and liabilities included on the Company’s consolidated balance sheets: June 30, 2023 December 31, 2022 (In millions) Accounts receivable, net - Contracts with customers $ 62 $ 37 Accounts receivable, net - Leases 153 116 Total accounts receivable, net $ 215 $ 153

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Asset Acquisition	The following is a summary of assets and liabilities transferred in connection with the acquisition as of February 17, 2023: (In millions) Daggett 3 Restricted cash $ 14 Property, plant and equipment 534 Right-of-use-assets, net 31 Derivative assets 27 Total assets acquired 606 Long-term debt (a) 480 Long-term lease liabilities 33 Other current and non-current liabilities (b) 78 Total liabilities assumed 591 Net assets acquired $ 15 (a) Includes a $181 million construction loan, $75 million sponsor equity bridge loan and $229 million tax equity bridge loan, offset by $5 million in unamortized debt issuance costs. See Note 7, Long-term Debt , for further discussion of the long-term debt assumed in the acquisition.

Investments Accounted for by _2

Investments Accounted for by the Equity Method and Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Maximum Loss Exposure in Equity Method Investments	The Company’s maximum exposure to loss as of June 30, 2023 is limited to its equity investment in the unconsolidated entities, as further summarized in the table below: Name Economic Interest Investment Balance (In millions) Avenal 50% $ 5 Desert Sunlight 25% 227 Elkhorn Ridge 67% 18 GenConn (a) 50% 80 Rosie Central BESS 50% 10 San Juan Mesa 75% 12 $ 352 (a) GenConn is a variable interest entity.
Schedule of Variable Interest Entities	Summarized financial information for the Company’s consolidated VIEs consisted of the following as of June 30, 2023: (In millions) Alta TE Holdco LLC Buckthorn Holdings, LLC DGPV Funds (a) Daggett Renewable Holdco LLC (b) Langford TE Partnership LLC Lighthouse Renewable Holdco LLC (c) Other current and non-current assets $ 59 $ 6 $ 88 $ 142 $ 12 $ 123 Property, plant and equipment 290 189 510 570 119 819 Intangible assets 193 — 13 — 2 — Total assets 542 195 611 712 133 942 Current and non-current liabilities 37 11 66 492 53 299 Total liabilities 37 11 66 492 53 299 Noncontrolling interest 39 22 27 234 62 511 Net assets less noncontrolling interest $ 466 $ 162 $ 518 $ (14) $ 18 $ 132 (a) DGPV Funds is comprised of Clearway & EFS Distributed Solar LLC, DGPV Fund 4 LLC, Golden Puma Fund LLC, Renew Solar CS4 Fund LLC and Chestnut Fund LLC, which are all tax equity funds. (b) Daggett Renewable Holdco LLC consolidates Daggett TE Holdco LLC, which is a consolidated VIE. (c) Lighthouse Renewable Holdco LLC consolidates Mesquite Star Tax Equity Holdco LLC, Black Rock TE Holdco LLC, Mililani TE Holdco LLC and Waiawa TE Holdco LLC, which are consolidated VIEs. (In millions) Lighthouse Renewable Holdco 2 LLC (a) Oahu Solar LLC Pinnacle Repowering TE Holdco LLC Rattlesnake TE Holdco LLC Rosie TargetCo LLC Wildorado TE Holdco LLC Other (b) Other current and non-current assets $ 42 $ 39 $ 6 $ 14 $ 45 $ 20 $ 14 Property, plant and equipment 353 160 100 180 234 202 148 Intangible assets — — 15 — — — 1 Total assets 395 199 121 194 279 222 163 Current and non-current liabilities 130 22 5 17 97 19 71 Total liabilities 130 22 5 17 97 19 71 Noncontrolling interest 232 24 42 83 128 105 67 Net assets less noncontrolling interest $ 33 $ 153 $ 74 $ 94 $ 54 $ 98 $ 25 (a) Lighthouse Renewable Holdco 2 LLC consolidates Mesquite Sky TE Holdco LLC, which is a consolidated VIE. (b) Other is comprised of Elbow Creek TE Holdco LLC and Spring Canyon TE Holdco LLC.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Estimated Carrying Values and Fair Values	The carrying amounts and estimated fair values of the Company’s recorded financial instruments not carried at fair market value or that do not approximate fair value are as follows: As of June 30, 2023 As of December 31, 2022 Carrying Amount Fair Value Carrying Amount Fair Value (In millions) Long-term debt, including current portion — affiliate $ 2 $ 2 $ 2 $ 2 Long-term debt, including current portion — external (a) 7,097 6,516 6,874 6,288 (a) Excludes net debt issuance costs, which are recorded as a reduction to long-term debt on the Company’s consolidated balance sheets.
Scchedule of Fair Value Option, Disclosures	The following table presents the level within the fair value hierarchy for long-term debt, including current portion: As of June 30, 2023 As of December 31, 2022 Level 2 Level 3 Level 2 Level 3 (In millions) Long-term debt, including current portion $ 1,841 $ 4,677 $ 1,836 $ 4,454
Schedule of Fair Value, Assets and Liabilities	The following table presents assets and liabilities measured and recorded at fair value on the Company’s consolidated balance sheets on a recurring basis and their level within the fair value hierarchy: As of June 30, 2023 As of December 31, 2022 Fair Value (a) Fair Value (a) (In millions) Level 2 Level 3 Level 2 Level 3 Derivative assets: Interest rate contracts $ 117 $ — $ 89 $ — Other financial instruments (b) — 12 — 17 Total assets $ 117 $ 12 $ 89 $ 17 Derivative liabilities: Commodity contracts $ — $ 303 $ — $ 353 Total liabilities $ — $ 303 $ — $ 353 (a) There were no derivative assets classified as Level 1 or Level 3 and no liabilities classified as Level 1 as of June 30, 2023 and December 31, 2022. (b) Includes SREC contract. The following table reconciles the beginning and ending balances for instruments that are recognized at fair value in the consolidated financial statements using significant unobservable inputs: Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 (In millions) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Beginning balance $ (316) $ (280) $ (336) $ (154) Settlements 5 22 9 28 Additions due to loss of NPNS exception — — — (22) Total gains (losses) for the period included in earnings 20 (74) 36 (184) Ending balance $ (291) $ (332) $ (291) $ (332) Change in unrealized gains included in earnings for derivatives and other financial instruments held as of June 30, 2023 $ 20 $ 36
Schedule of Fair Value Measurement Inputs and Valuation Techniques	The following table quantifies the significant unobservable inputs used in developing the fair value of the Company’s Level 3 positions: June 30, 2023 Fair Value Input/Range Assets Liabilities Valuation Technique Significant Unobservable Input Low High Weighted Average (In millions) Commodity Contracts $ — $ (303) Discounted Cash Flow Forward Market Price (per MWh) $ 21.02 $ 71.74 $ 38.17 Other Financial Instruments 12 — Discounted Cash Flow Forecast annual generation levels of certain DG solar facilities 60,801 MWh 121,602 MWh 115,622 MWh The following table provides the impact on the fair value measurements to increases/(decreases) in significant unobservable inputs as of June 30, 2023: Significant Unobservable Input Position Change In Input Impact on Fair Value Measurement Forward Market Price Power Sell Increase/(Decrease) Lower/(Higher) Forecast Generation Levels Sell Increase/(Decrease) Higher/(Lower)

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of 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/(sell) of the Company’s open derivative transactions broken out by commodity: Total Volume June 30, 2023 December 31, 2022 Commodity Units (In millions) Power MWh (17) (18) Interest Dollars $ 1,667 $ 1,084
Schedule of Fair Value Within the Derivative Instrument Valuation on the Balance Sheets	The following table summarizes the fair value within the derivative instrument valuation on the consolidated balance sheets: Fair Value Derivative Assets Derivative Liabilities June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 (In millions) Derivatives Designated as Cash Flow Hedges: Interest rate contracts current $ 7 $ 7 $ — $ — Interest rate contracts long-term 16 18 — — Total Derivatives Designated as Cash Flow Hedges $ 23 $ 25 $ — $ — Derivatives Not Designated as Cash Flow Hedges: Interest rate contracts current $ 27 $ 19 $ — $ — Interest rate contracts long-term 67 45 — — Commodity contracts current — — 44 50 Commodity contracts long-term — — 259 303 Total Derivatives Not Designated as Cash Flow Hedges $ 94 $ 64 $ 303 $ 353 Total Derivatives $ 117 $ 89 $ 303 $ 353
Schedule of Offsetting of Derivatives by Counterparty Master Agreement Level and Collateral Received or Paid	Gross Amounts Not Offset in the Statement of Financial Position As of June 30, 2023 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Commodity contracts (In millions) Derivative liabilities $ (303) $ — $ (303) Total commodity contracts $ (303) $ — $ (303) Interest rate contracts Derivative assets $ 117 $ — $ 117 Total interest rate contracts $ 117 $ — $ 117 Total derivative instruments $ (186) $ — $ (186) Gross Amounts Not Offset in the Statement of Financial Position As of December 31, 2022 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Commodity contracts (In millions) Derivative liabilities $ (353) $ — $ (353) Total commodity contracts $ (353) $ — $ (353) Interest rate contracts Derivative assets $ 89 $ — $ 89 Total interest rate contracts $ 89 $ — $ 89 Total derivative instruments $ (264) $ — $ (264)
Summary of Effects of NRG Yield's Accumulated OCI Balance Attributable to Interest Rate Swaps Designated as Cash Flow Hedge Derivatives, Net of Tax	The following table summarizes the effects on the Company’s accumulated OCI (OCL) balance attributable to interest rate swaps designated as cash flow hedge derivatives: Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 (In millions) Accumulated OCI (OCL) beginning balance $ 23 $ 3 $ 27 $ (13) Reclassified from accumulated OCI (OCL) to income due to realization of previously deferred amounts (1) 2 (1) 5 Mark-to-market of cash flow hedge accounting contracts 5 5 1 18 Accumulated OCI ending balance 27 10 27 10 Accumulated OCI attributable to noncontrolling interests 6 4 6 4 Accumulated OCI attributable to Clearway Energy LLC $ 21 $ 6 $ 21 $ 6 Gains expected to be realized from OCI during the next 12 months $ 6 $ 6
Schedule of Derivative Gains and Losses	Mark-to-market gains/(losses) related to the Company’s derivatives are recorded in the consolidated statements of income as follows: Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 (In millions) Interest Rate Contracts (Interest expense) $ 22 $ 36 $ 1 $ 77 Commodity Contracts (Mark-to-market for economic hedging activities) (a) 32 (49) 50 (174) (a) Relates to long-term commodity contracts at Elbow Creek, Mesquite Star, Mt. Storm, Langford and Mesquite Sky. During the six months ended June 30, 2022, the commodity contract for Langford, which previously met the NPNS exception, no longer qualified for NPNS treatment and, accordingly, is accounted for as a derivative and marked to fair value through operating revenues.

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2023
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 2022 Form 10-K. The Company’s borrowings, including short-term and long-term portions, consisted of the following: (In millions, except rates) June 30, 2023 December 31, 2022 June 30, 2023 interest rate % (a) Letters of Credit Outstanding at June 30, 2023 Intercompany Note with Clearway, Inc. $ 2 $ 2 4.430 2028 Senior Notes 850 850 4.750 2031 Senior Notes 925 925 3.750 2032 Senior Notes 350 350 3.750 Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 (b) — — S+1.850 $ 188 Non-recourse project-level debt: Agua Caliente Solar LLC, due 2037 640 649 2.395-3.633 45 Alta Wind Asset Management LLC, due 2031 11 12 L+2.625 — Alta Wind I-V lease financing arrangements, due 2034 and 2035 679 709 5.696-7.015 47 Alta Wind Realty Investments LLC, due 2031 21 22 7.000 — Borrego, due 2024 and 2038 50 51 Various — Buckthorn Solar, due 2025 119 119 S+2.100 22 Capistrano Wind Portfolio, due 2029 and 2031 145 156 S+2.100-S+2.150 34 Carlsbad Energy Holdings LLC, due 2027 114 115 S+1.900 82 Carlsbad Energy Holdings LLC, due 2038 407 407 4.120 — Carlsbad Holdco, LLC, due 2038 197 197 4.210 6 CVSR, due 2037 612 627 2.339-3.775 — CVSR Holdco Notes, due 2037 151 160 4.680 12 Daggett 3, due 2023 and 2028 446 — S+1.262 35 DG-CS Master Borrower LLC, due 2040 406 413 3.510 30 Marsh Landing, due 2023 — 19 — Mililani I, due 2027 47 47 S+1.600 5 NIMH Solar, due 2024 156 163 S+2.150 16 Oahu Solar Holdings LLC, due 2026 82 83 S+1.525 11 Rosie Class B LLC, due 2029 77 76 S+1.375 15 Utah Solar Holdings, due 2036 253 257 3.590 15 Viento Funding II, LLC, due 2029 180 184 S+1.475 25 Waiawa, due 2028 46 97 S+1.600 12 Walnut Creek, due 2023 — 19 — WCEP Holdings, LLC, due 2023 — 26 — Other 130 137 Various 250 Subtotal non-recourse project-level debt 4,969 4,745 Total debt 7,096 6,872 Less current maturities (332) (324) Less net debt issuance costs (59) (61) Add premiums (c) 3 4 Total long-term debt $ 6,708 $ 6,491 (a) As of June 30, 2023, S+ equals SOFR plus x% and L+ equals 3 month LIBOR plus x%. (b) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement. (c) Premiums relate to the 2028 Senior Notes.

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The Company’s chief operating decision maker, its Chief Executive Officer, evaluates the performance of its segments based on operational measures including adjusted earnings before interest, taxes, depreciation and amortization, or Adjusted EBITDA, and CAFD, as well as net income (loss). Three months ended June 30, 2023 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 115 $ 291 $ — $ 406 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 40 79 (1) 118 Depreciation, amortization and accretion 32 96 — 128 General and administrative — — 9 9 Transaction and integration costs — — 2 2 Operating income (loss) 43 116 (10) 149 Equity in earnings of unconsolidated affiliates 1 2 — 3 Other income, net 1 3 5 9 Interest expense (8) (23) (24) (55) Net Income (Loss) $ 37 $ 98 $ (29) $ 106 Total Assets $ 2,169 $ 10,020 $ 429 $ 12,618 (a) Includes eliminations. Three months ended June 30, 2022 (In millions) Conventional Generation Renewables Thermal Corporate (a) Total Operating revenues $ 103 $ 247 $ 18 $ — $ 368 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 28 73 11 — 112 Depreciation, amortization and accretion 33 93 — — 126 General and administrative — — 1 8 9 Transaction and integration costs — — — 3 3 Development costs — — 1 — 1 Total operating costs and expenses 61 166 13 11 251 Gain on sale of business — — — 1,291 1,291 Operating income 42 81 5 1,280 1,408 Equity in earnings of unconsolidated affiliates 1 9 — — 10 Other income, net — 4 — 1 5 Interest expense (10) (11) (1) (25) (47) Net Income $ 33 $ 83 $ 4 $ 1,256 $ 1,376 (a) Includes eliminations. Six months ended June 30, 2023 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 210 $ 484 $ — $ 694 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 69 158 (1) 226 Depreciation, amortization and accretion 65 191 — 256 General and administrative — — 19 19 Transaction and integration costs — — 2 2 Operating income (loss) 76 135 (20) 191 Equity in earnings (losses) of unconsolidated affiliates 2 (2) — — Other income, net 2 4 11 17 Interest expense (19) (87) (48) (154) Net Income (Loss) $ 61 $ 50 $ (57) $ 54 (a) Includes eliminations. Six months ended June 30, 2022 (In millions) Conventional Generation Renewables Thermal Corporate (a) Total Operating revenues $ 211 $ 294 $ 77 $ — $ 582 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 49 141 50 — 240 Depreciation, amortization and accretion 66 184 — — 250 General and administrative — — 2 19 21 Transaction and integration costs — — — 5 5 Development costs — — 2 — 2 Total operating costs and expenses 115 325 54 24 518 Gain on sale of business — — — 1,291 1,291 Operating income (loss) 96 (31) 23 1,267 1,355 Equity in earnings of unconsolidated affiliates 2 12 — — 14 Other income, net — 4 — 1 5 Loss on debt extinguishment — (2) — — (2) Interest expense (18) (19) (6) (51) (94) Net Income (Loss) $ 80 $ (36) $ 17 $ 1,217 $ 1,278 (a) Includes eliminations.

Nature of Business (Details)

Nature of Business (Details)	6 Months Ended
	Jun. 30, 2023 MW
Nature of Business [Line Items]
Power generation capacity, megawatts (over)	8,000
Clearway Energy LLC | GIP
Nature of Business [Line Items]
Voting Interest (as a percentage)	54.91%
Clearway Energy LLC | Shareholders
Nature of Business [Line Items]
Voting Interest (as a percentage)	45.09%
Clearway Energy LLC | Clearway Energy, Inc.
Nature of Business [Line Items]
Ownership interest (as a percentage)	57.90%
CEG | Clearway Energy LLC
Nature of Business [Line Items]
Ownership interest (as a percentage)	42.10%
Conventional Generation, Utility-Scale Solar, Distributed Solar, and Wind
Nature of Business [Line Items]
Power generation capacity, megawatts (over)	5,500
Generational Facilities and District Energy Systems
Nature of Business [Line Items]
Power generation capacity, megawatts (over)	2,500

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
	Aug. 01, 2023	Jun. 30, 2023	May 31, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents, held at project subsidiaries		$ 134		$ 121
Restricted cash		371		$ 339
Distribution Made to Limited Partner, Cash Distributions Paid		45
Renewal period			5 years
Clearway Energy, Inc.
Cash and Cash Equivalents [Line Items]
Distribution paid		26
CEG
Cash and Cash Equivalents [Line Items]
Distribution paid		19
Common Class A | Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution per Class A, B, C and D unit, delcared (in dollars per share)	$ 0.3891
Common Class B | Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution per Class A, B, C and D unit, delcared (in dollars per share)	0.3891
Common Class C | Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution per Class A, B, C and D unit, delcared (in dollars per share)	0.3891
Common Class D | Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution per Class A, B, C and D unit, delcared (in dollars per share)	$ 0.3891
Long Term Debt Current
Cash and Cash Equivalents [Line Items]
Restricted cash		168
Debt Service Obligations
Cash and Cash Equivalents [Line Items]
Restricted cash		85
Cash Distribution
Cash and Cash Equivalents [Line Items]
Restricted cash		14
Operating Funds
Cash and Cash Equivalents [Line Items]
Restricted cash		$ 104

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 547	$ 657
Restricted cash	371	339
Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$ 918	$ 996	$ 1,288	$ 654

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Accumulated Depreciation, Accumulated Amortization (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Property, Plant and Equipment Accumulated Depreciation	$ 3,232	$ 3,024
Intangible Assets Accumulated Amortization	$ 972	$ 877

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Distributions Paid (Details) - $ / shares	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023
Common Class A
Class of Stock [Line Items]
Distributions per Class A, B, C and D unit (in dollars per share)	$ 0.3818	$ 0.3745
Common Class B
Class of Stock [Line Items]
Distributions per Class A, B, C and D unit (in dollars per share)	0.3818	0.3745
Common Class C
Class of Stock [Line Items]
Distributions per Class A, B, C and D unit (in dollars per share)	0.3818	0.3745
Common Class D
Class of Stock [Line Items]
Distributions per Class A, B, C and D unit (in dollars per share)	$ 0.3818	$ 0.3745

Summary of Significant Accoun_8

Summary of Significant Accounting Policies -Redeemable Noncontrolling Interests (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at December 31, 2022	$ 7
Cash distributions to redeemable noncontrolling interests	1
Comprehensive income attributable to redeemable noncontrolling interests	9
Balance at June 30, 2023	$ 15

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Disaggregated Revenues (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	May 31, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Operating revenues		$ 406	$ 368	$ 694	$ 582
Total operating revenues		406	368	694	582
Lease receivable	$ 21
Net investment costs	13
Net Income	$ 8	106	1,376	54	1,278
Operating Segments
Disaggregation of Revenue [Line Items]
Operating revenues		406	368	694	582
Contract amortization		(47)	(41)	(94)	(83)
Mark-to-market for economic hedges		26	(52)	45	(178)
Total operating revenues		406	368	694	582
Less: Mark-to-market for economic hedges		(26)	52	(45)	178
Less: Lease revenue		(341)	(377)	(598)	(654)
Less: Contract amortization		47	41	94	83
Total revenue from contracts with customers		86	84	145	189
Operating Segments | Energy Revenue
Disaggregation of Revenue [Line Items]
Operating revenues		278	320	477	552
Total operating revenues		278	320	477	552
Less: Lease revenue		(234)	(271)	(387)	(434)
Operating Segments | Capacity Revenue
Disaggregation of Revenue [Line Items]
Operating revenues		101	111	206	239
Total operating revenues		101	111	206	239
Less: Lease revenue		(86)	(106)	(190)	(220)
Operating Segments | Other revenue
Disaggregation of Revenue [Line Items]
Operating revenues		48	30	60	52
Total operating revenues		48	30	60	52
Less: Lease revenue		(21)		(21)
Operating Segments | Conventional Generation
Disaggregation of Revenue [Line Items]
Operating revenues		115	103	210	211
Contract amortization		(5)	(6)	(11)	(12)
Mark-to-market for economic hedges		0	0	0	0
Total operating revenues		115	103	210	211
Less: Mark-to-market for economic hedges		0	0	0	0
Less: Lease revenue		(104)	(109)	(205)	(223)
Less: Contract amortization		5	6	11	12
Total revenue from contracts with customers		16	0	16	0
Net Income		37	33	61	80
Operating Segments | Conventional Generation | Energy Revenue
Disaggregation of Revenue [Line Items]
Operating revenues		3	3	4	3
Total operating revenues		3	3	4	3
Less: Lease revenue		(1)	(3)	(2)	(3)
Operating Segments | Conventional Generation | Capacity Revenue
Disaggregation of Revenue [Line Items]
Operating revenues		96	106	196	220
Total operating revenues		96	106	196	220
Less: Lease revenue		(82)	(106)	(182)	(220)
Operating Segments | Conventional Generation | Other revenue
Disaggregation of Revenue [Line Items]
Operating revenues		21	0	21	0
Total operating revenues		21	0	21	0
Less: Lease revenue		(21)		(21)
Operating Segments | Renewables
Disaggregation of Revenue [Line Items]
Operating revenues		291	247	484	294
Contract amortization		(42)	(35)	(83)	(71)
Mark-to-market for economic hedges		26	(52)	45	(178)
Total operating revenues		291	247	484	294
Less: Mark-to-market for economic hedges		(26)	52	(45)	178
Less: Lease revenue		(237)	(268)	(393)	(430)
Less: Contract amortization		42	35	83	71
Total revenue from contracts with customers		70	66	129	113
Net Income		98	83	50	(36)
Operating Segments | Renewables | Energy Revenue
Disaggregation of Revenue [Line Items]
Operating revenues		275	306	473	501
Total operating revenues		275	306	473	501
Less: Lease revenue		(233)	(268)	(385)	(430)
Operating Segments | Renewables | Capacity Revenue
Disaggregation of Revenue [Line Items]
Operating revenues		5	1	10	1
Total operating revenues		5	1	10	1
Less: Lease revenue		(4)	0	(8)	0
Operating Segments | Renewables | Other revenue
Disaggregation of Revenue [Line Items]
Operating revenues		27	27	(39)	41
Total operating revenues		27	27	(39)	41
Less: Lease revenue		$ 0		$ 0
Operating Segments | Thermal
Disaggregation of Revenue [Line Items]
Operating revenues			18		77
Contract amortization			0		0
Mark-to-market for economic hedges			0		0
Total operating revenues			18		77
Less: Mark-to-market for economic hedges			0		0
Less: Lease revenue			0		(1)
Less: Contract amortization			0		0
Total revenue from contracts with customers			18		76
Net Income			4		17
Operating Segments | Thermal | Energy Revenue
Disaggregation of Revenue [Line Items]
Operating revenues			11		48
Total operating revenues			11		48
Less: Lease revenue					(1)
Operating Segments | Thermal | Capacity Revenue
Disaggregation of Revenue [Line Items]
Operating revenues			4		18
Total operating revenues			4		18
Less: Lease revenue					0
Operating Segments | Thermal | Other revenue
Disaggregation of Revenue [Line Items]
Operating revenues			3		11
Total operating revenues			$ 3		$ 11

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total accounts receivable, net	$ 215	$ 153
Accounts receivable, net - Contracts with customers
Disaggregation of Revenue [Line Items]
Total accounts receivable, net	62	37
Accounts receivable, net - Leases
Disaggregation of Revenue [Line Items]
Total accounts receivable, net	$ 153	$ 116

Acquisitions and Dispositions -

Acquisitions and Dispositions - Narrative (Details) $ in Millions	Feb. 17, 2023 USD ($) MW	Jun. 30, 2023 MW
Schedule of Asset Acquisition [Line Items]
Power generation capacity, megawatts (over) | MW		8,000
Daggett 3 Drop Down
Schedule of Asset Acquisition [Line Items]
Net assets acquired	$ 15
Solar | Daggett TargetCo LLC | Daggett 3 Drop Down | Daggett TargetCo LLC
Schedule of Asset Acquisition [Line Items]
Power generation capacity, megawatts (over) | MW	300
Payments for asset acquisition	$ 21
Power purchase agreement period (in years)	15 years
Solar | Daggett TargetCo LLC | Daggett 3 Drop Down | Daggett TargetCo LLC | Third Party Investor
Schedule of Asset Acquisition [Line Items]
Payments for asset acquisition	$ 129

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Summary of Assets and Liabilities Transferred (Details) - USD ($) $ in Millions		3 Months Ended
	Feb. 17, 2023	Jun. 30, 2023
Schedule of Asset Acquisition [Line Items]
Derivative assets	$ 27
Daggett 3 Drop Down
Schedule of Asset Acquisition [Line Items]
Restricted cash	14
Property, plant and equipment	534
Right-of-use-assets, net	31
Asset Acquisition, Assets Acquired	606
Long-term debt	480
Long-term lease liabilities	33
Other current and non-current liabilities	78
Asset Acquisition, Liabilities Assumed	591
Net assets acquired less noncontrolling interest	15
Unamortized debt issuance costs	5
Daggett 3 Drop Down | CEG
Schedule of Asset Acquisition [Line Items]
Long-term lease liabilities		$ 32
Transfers of assets under common control		11
Payments for associated fees	8	$ 43
Daggett 3 Drop Down | Construction loans
Schedule of Asset Acquisition [Line Items]
Long-term debt	181
Daggett 3 Drop Down | Sponsor Equity Bridge Loan
Schedule of Asset Acquisition [Line Items]
Long-term debt	75
Daggett 3 Drop Down | Tax Equity Bridge Loan
Schedule of Asset Acquisition [Line Items]
Long-term debt	$ 229

Investments Accounted for by _3

Investments Accounted for by the Equity Method and Variable Interest Entities - Narrative (Details) $ in Millions	Jun. 30, 2023 USD ($) MW	Jul. 03, 2023 USD ($)	Dec. 31, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Power generation capacity, megawatts | MW	8,000
Equity investments in affiliates	$ 352		$ 364
Rosie Central BESS
Schedule of Equity Method Investments [Line Items]
Power generation capacity, megawatts | MW	147
Equity investments in affiliates	$ 10
Rosie Central BESS | Rosamond Central Solar project
Schedule of Equity Method Investments [Line Items]
Long-term debt	360
Long -term debt payable on mechanical completion	72
Long -term debt payable on substantial completion	288
Rosie Central BESS | Rosamond Central Solar project | Clearway Renew LLC
Schedule of Equity Method Investments [Line Items]
Long -term debt payable on mechanical completion	17
Long -term debt payable on substantial completion	$ 67
Rosie Central BESS | Rosie Class B LLC | Subsequent Event
Schedule of Equity Method Investments [Line Items]
Equity investments in affiliates		$ 20

Investments Accounted for by _4

Investments Accounted for by the Equity Method and Variable Interest Entities - Unconsolidated Entities (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Equity investments in affiliates	$ 352	$ 364
Avenal
Schedule of Equity Method Investments [Line Items]
Economic Interest	50%
Equity investments in affiliates	$ 5
Desert Sunlight
Schedule of Equity Method Investments [Line Items]
Economic Interest	25%
Equity investments in affiliates	$ 227
Elkhorn Ridge
Schedule of Equity Method Investments [Line Items]
Economic Interest	67%
Equity investments in affiliates	$ 18
GenConn
Schedule of Equity Method Investments [Line Items]
Economic Interest	50%
Equity investments in affiliates	$ 80
Rosie Central BESS
Schedule of Equity Method Investments [Line Items]
Economic Interest	50%
Equity investments in affiliates	$ 10
San Juan Mesa
Schedule of Equity Method Investments [Line Items]
Economic Interest	75%
Equity investments in affiliates	$ 12

Investments Accounted for by _5

Investments Accounted for by the Equity Method and Variable Interest Entities - Consolidated Entities (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	$ 3,587	$ 3,615
Property, plant and equipment, net	7,748	7,421
Total assets	12,618	12,312
Total liabilities	8,366	$ 8,145
Alta TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	59
Property, plant and equipment, net	290
Intangible assets	193
Total assets	542
Total liabilities	37
Noncontrolling interest	39
Net assets less noncontrolling interest	466
Buckthorn Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	6
Property, plant and equipment, net	189
Intangible assets	0
Total assets	195
Total liabilities	11
Noncontrolling interest	22
Net assets less noncontrolling interest	162
DGPV Funds
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	88
Property, plant and equipment, net	510
Intangible assets	13
Total assets	611
Total liabilities	66
Noncontrolling interest	27
Net assets less noncontrolling interest	518
Daggett Renewable Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	142
Property, plant and equipment, net	570
Intangible assets	0
Total assets	712
Total liabilities	492
Noncontrolling interest	234
Net assets less noncontrolling interest	(14)
Langford TE Partnership LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	12
Property, plant and equipment, net	119
Intangible assets	2
Total assets	133
Total liabilities	53
Noncontrolling interest	62
Net assets less noncontrolling interest	18
Lighthouse Renewable Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	123
Property, plant and equipment, net	819
Intangible assets	0
Total assets	942
Total liabilities	299
Noncontrolling interest	511
Net assets less noncontrolling interest	132
Lighthouse Renewable Holdco 2 LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	42
Property, plant and equipment, net	353
Intangible assets	0
Total assets	395
Total liabilities	130
Noncontrolling interest	232
Net assets less noncontrolling interest	33
Oahu Solar LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	39
Property, plant and equipment, net	160
Intangible assets	0
Total assets	199
Total liabilities	22
Noncontrolling interest	24
Net assets less noncontrolling interest	153
Pinnacle Repowering TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	6
Property, plant and equipment, net	100
Intangible assets	15
Total assets	121
Total liabilities	5
Noncontrolling interest	42
Net assets less noncontrolling interest	74
Rattlesnake TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	14
Property, plant and equipment, net	180
Intangible assets	0
Total assets	194
Total liabilities	17
Noncontrolling interest	83
Net assets less noncontrolling interest	94
Rosie TargetCo LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	45
Property, plant and equipment, net	234
Intangible assets	0
Total assets	279
Total liabilities	97
Noncontrolling interest	128
Net assets less noncontrolling interest	54
Wildorado TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	20
Property, plant and equipment, net	202
Intangible assets	0
Total assets	222
Total liabilities	19
Noncontrolling interest	105
Net assets less noncontrolling interest	98
Other
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	14
Property, plant and equipment, net	148
Intangible assets	1
Total assets	163
Total liabilities	71
Noncontrolling interest	67
Net assets less noncontrolling interest	$ 25

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Balance Sheet Grouping (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — affiliate	$ 7,096	$ 6,872
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — affiliate		2	$ 2
Long-term debt, including current portion — external	7,097	6,874
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — affiliate	2	2
Long-term debt, including current portion — external	6,516	6,288
Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — external		1,836	$ 1,841
Level 3 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — external	$ 4,677	$ 4,454

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Recurring Fair Value (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	$ 117				$ 117		$ 89
Derivative Liabilities	303				$ 303		353
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in unrealized gains included in earnings for derivatives and other financial instruments held as of June 30, 2023	$ 4	$ (4)	$ 7	$ 16
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Derivative instruments		Derivative instruments		Derivative instruments	Derivative instruments
Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	$ 117				$ 117		89
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in unrealized gains included in earnings for derivatives and other financial instruments held as of June 30, 2023	22		$ 36		1	$ 77
Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liabilities	303				303		353
Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	117				117		89
Derivative Liabilities	0				0		0
Fair Value, Recurring | Level 2 | Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	117				117		89
Fair Value, Recurring | Level 2 | Other Financial Instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	0				0		0
Fair Value, Recurring | Level 2 | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liabilities	0				0		0
Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	12				12		17
Derivative Liabilities	303				303		353
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	(316)	(336)	(280)	(154)	(336)	(154)
Settlements	5		22		9	28
Additions due to loss of NPNS exception	0		0		0	(22)
Total gains (losses) for the period included in earnings	20		(74)		36	(184)
Ending balance	(291)	$ (316)	(332)	$ (280)	(291)	(332)
Change in unrealized gains included in earnings for derivatives and other financial instruments held as of June 30, 2023	20				36
Fair Value, Recurring | Level 3 | Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	0				0		0
Fair Value, Recurring | Level 3 | Other Financial Instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	12				12		17
Fair Value, Recurring | Level 3 | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liabilities	$ 303				$ 303		$ 353

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Narrative (Details) $ in Millions	Jun. 30, 2023 USD ($)
Fair Value Disclosures [Abstract]
Percent of derivative liabilities using level 3 fair value inputs	100%
Fair value assets, measured on recurring basis, valuation techniques, impact of credit reserve to fair value	$ 26

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Significant Unobservable Inputs (Details) - Fair Value, Recurring - Level 3 $ in Millions	Jun. 30, 2023 USD ($) $ / MWh
Commodity Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset | $	$ 0
Derivative liability | $	$ (303)
Commodity Contracts | 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 asset/liability measurement input	21.02
Commodity Contracts | 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 asset/liability measurement input	71.74
Commodity Contracts | 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 asset/liability measurement input	38.17
Other Financial Instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset | $	$ 12
Derivative liability | $	$ 0
Other Financial Instruments | 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 asset/liability measurement input	60,801
Other Financial Instruments | 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 asset/liability measurement input	121,602
Other Financial Instruments | 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 asset/liability measurement input	115,622

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Volumetric Underlying Derivative Transactions (Details) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) MWh	Dec. 31, 2022 USD ($) MWh
Power | Short
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, nonmonetary notional amount | MWh	17	18
Interest | Long
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount | $	$ 1,667	$ 1,084

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - FV of Derivative Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	$ 117	$ 89
Derivative Liabilities	303	353
Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	23	25
Derivative Liabilities	0	0
Designated as Hedging Instrument | Interest rate contracts current
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	7	7
Derivative Liabilities	0	0
Designated as Hedging Instrument | Interest rate contracts long-term
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	16	18
Derivative Liabilities	0	0
Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	94	64
Derivative Liabilities	303	353
Not Designated as Hedging Instrument | Interest rate contracts current
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	27	19
Derivative Liabilities	0	0
Not Designated as Hedging Instrument | Interest rate contracts long-term
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	67	45
Derivative Liabilities	0	0
Not Designated as Hedging Instrument | Commodity contracts current
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	0	0
Derivative Liabilities	44	50
Not Designated as Hedging Instrument | Commodity contracts long-term
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	0	0
Derivative Liabilities	$ 259	$ 303

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Summary of Offsetting of Derivatives by Counterparty Master Agreement Level (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Derivative liabilities, gross	$ (303)	$ (353)
Fair value of gross derivative assets/(liabilities), net	(186)	(264)
Derivative instruments	0	0
Net amount	(186)	(264)
Derivative assets, gross	117	89
Commodity contracts
Derivatives, Fair Value [Line Items]
Derivative liabilities, gross	(303)	(353)
Derivative instruments, liabilities	0	0
Derivative liability, Net Amount	(303)	(353)
Fair value of gross derivative assets/(liabilities), net	(303)	(353)
Derivative instruments	0	0
Net amount	(303)	(353)
Interest rate contracts
Derivatives, Fair Value [Line Items]
Fair value of gross derivative assets/(liabilities), net	117	89
Derivative instruments	0	0
Net amount	117	89
Derivative assets, gross	117	89
Derivative instruments, assets	0	0
Net amount	$ 117	$ 89

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Mark-to-market of cash flow hedge accounting contracts	$ 4	$ 7	$ 0	$ 23
Accumulated other comprehensive income	21		21		$ 21
Gains expected to be realized from OCI during the next 12 months	6		6
AOCI Including Portion Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated OCI (OCL) beginning balance	23	3	27	(13)
Accumulated OCI ending balance	27	10	27	10
Accumulated Foreign Currency Adjustment Including Portion Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassified from accumulated OCI (OCL) to income due to realization of previously deferred amounts	(1)	2	(1)	5
Mark-to-market of cash flow hedge accounting contracts	5	5	1	18
Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated other comprehensive income	6	4	6	4
Accumulated Other Comprehensive(Loss) Income
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated other comprehensive income	$ 21	$ 6	$ 21	$ 6

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Impact on Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	$ 4	$ (4)	$ 7	$ 16
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	22		36		$ 1	$ 77
Commodity Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	$ 32		$ (49)		$ 50	$ (174)

Long-term Debt - Schedule of De

Long-term Debt - Schedule of Debt (Details) - USD ($) $ in Millions		6 Months Ended
	Mar. 15, 2023	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt		$ 7,096	$ 6,872
Less current maturities		(332)	(324)
Less net debt issuance costs		(59)	(61)
Add premiums		3	4
Total long-term debt		$ 6,708	6,491
Intercompany Note with Clearway, Inc.
Debt Instrument [Line Items]
Long-term debt			2
Debt instrument, interest rate, stated percentage		4.43%
2028 Senior Notes
Debt Instrument [Line Items]
Long-term debt		$ 850	850
Debt instrument, interest rate, stated percentage		4.75%
2031 Senior Notes
Debt Instrument [Line Items]
Long-term debt		$ 925	925
Debt instrument, interest rate, stated percentage		3.75%
2032 Senior Notes
Debt Instrument [Line Items]
Long-term debt		$ 350	350
Debt instrument, interest rate, stated percentage		3.75%
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028
Debt Instrument [Line Items]
Long-term debt		$ 0	0
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028 | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.10%	1.85%
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 188
Agua Caliente Solar LLC, due 2037
Debt Instrument [Line Items]
Long-term debt		$ 640	649
Agua Caliente Solar LLC, due 2037 | Minimum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		2.395%
Agua Caliente Solar LLC, due 2037 | Maximum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		3.633%
Agua Caliente Solar LLC, due 2037 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 45
Alta Wind Asset Management LLC, due 2031
Debt Instrument [Line Items]
Long-term debt		$ 11	12
Alta Wind Asset Management LLC, due 2031 | LIBOR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.625%
Alta Wind Asset Management LLC, due 2031 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 0
Alta Wind I-V lease financing arrangements, due 2034 and 2035
Debt Instrument [Line Items]
Long-term debt		$ 679	709
Alta Wind I-V lease financing arrangements, due 2034 and 2035 | Minimum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		5.696%
Alta Wind I-V lease financing arrangements, due 2034 and 2035 | Maximum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		7.015%
Alta Wind I-V lease financing arrangements, due 2034 and 2035 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 47
Alta Wind Realty Investments LLC, due 2031
Debt Instrument [Line Items]
Long-term debt		$ 21	22
Debt instrument, interest rate, stated percentage		7%
Alta Wind Realty Investments LLC, due 2031 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 0
Borrego, due 2024 and 2038
Debt Instrument [Line Items]
Long-term debt		50	51
Borrego, due 2024 and 2038 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		0
Buckthorn Solar, due 2025
Debt Instrument [Line Items]
Long-term debt		$ 119	119
Buckthorn Solar, due 2025 | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.10%
Buckthorn Solar, due 2025 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 22
Capistrano Wind Portfolio, due 2029 and 2031
Debt Instrument [Line Items]
Long-term debt		$ 145	156
Capistrano Wind Portfolio, due 2029 and 2031 | Minimum | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		210%
Capistrano Wind Portfolio, due 2029 and 2031 | Maximum | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.15%
Capistrano Wind Portfolio, due 2029 and 2031 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 34
Carlsbad Energy Holdings LLC, due 2027
Debt Instrument [Line Items]
Long-term debt		$ 114	115
Carlsbad Energy Holdings LLC, due 2027 | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.90%
Carlsbad Energy Holdings LLC, due 2027 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 82
Carlsbad Energy Holdings LLC, due 2038
Debt Instrument [Line Items]
Long-term debt		$ 407	407
Debt instrument, interest rate, stated percentage		4.12%
Carlsbad Energy Holdings LLC, due 2038 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 0
Carlsbad Holdco, LLC, due 2038
Debt Instrument [Line Items]
Long-term debt			197
Debt instrument, interest rate, stated percentage		4.21%
Carlsbad Holdco, LLC, due 2038 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 6
CVSR, due 2037
Debt Instrument [Line Items]
Long-term debt		$ 612	627
CVSR, due 2037 | Minimum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		2.339%
CVSR, due 2037 | Maximum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		3.775%
CVSR, due 2037 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 0
CVSR Holdco Notes, due 2037
Debt Instrument [Line Items]
Long-term debt		$ 151	160
Debt instrument, interest rate, stated percentage		4.68%
CVSR Holdco Notes, due 2037 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 12
Daggett 3, due 2023 and 2028
Debt Instrument [Line Items]
Long-term debt		446	0
Letters of credit outstanding, amount		$ 35
Daggett 3, due 2023 and 2028 | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.262%
DG-CS Master Borrower LLC, due 2040
Debt Instrument [Line Items]
Long-term debt		$ 406	413
Debt instrument, interest rate, stated percentage		3.51%
DG-CS Master Borrower LLC, due 2040 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 30
Marsh Landing, due 2023
Debt Instrument [Line Items]
Long-term debt		0	19
Marsh Landing, due 2023 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		0
Mililani I, due 2027
Debt Instrument [Line Items]
Long-term debt		$ 47	47
Mililani I, due 2027 | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.60%
Mililani I, due 2027 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 5
NIMH Solar, due 2024
Debt Instrument [Line Items]
Long-term debt		$ 156	163
NIMH Solar, due 2024 | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.15%
NIMH Solar, due 2024 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 16
Oahu Solar Holdings LLC, due 2026
Debt Instrument [Line Items]
Long-term debt		$ 82	83
Oahu Solar Holdings LLC, due 2026 | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.525%
Oahu Solar Holdings LLC, due 2026 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 11
Rosie Class B LLC, due 2029
Debt Instrument [Line Items]
Long-term debt		$ 77	76
Rosie Class B LLC, due 2029 | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.375%
Rosie Class B LLC, due 2029 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 15
Utah Solar Holdings, due 2036
Debt Instrument [Line Items]
Long-term debt		$ 253	257
Debt instrument, interest rate, stated percentage		3.59%
Utah Solar Holdings, due 2036 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 15
Viento Funding II, LLC, due 2029
Debt Instrument [Line Items]
Long-term debt		$ 180	184
Viento Funding II, LLC, due 2029 | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.475%
Viento Funding II, LLC, due 2029 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 25
Waiawa, due 2028
Debt Instrument [Line Items]
Long-term debt		46	97
Letters of credit outstanding, amount		$ 12
Waiawa, due 2028 | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.60%
Walnut Creek, due 2023
Debt Instrument [Line Items]
Long-term debt		$ 0	19
Walnut Creek, due 2023 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		0
WCEP Holdings, LLC, due 2023
Debt Instrument [Line Items]
Long-term debt		0	26
WCEP Holdings, LLC, due 2023 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		0
Other
Debt Instrument [Line Items]
Long-term debt		130	137
Other | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		250
Subtotal non-recourse project-level debt
Debt Instrument [Line Items]
Long-term debt		4,969	$ 4,745
Carlsbad Holdco, LLC, due 2038
Debt Instrument [Line Items]
Long-term debt		$ 197

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) - USD ($)							3 Months Ended	4 Months Ended	6 Months Ended
	Jul. 03, 2023	Jun. 30, 2023	Mar. 30, 2023	Mar. 15, 2023	Feb. 17, 2023	Oct. 03, 2022	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt		$ 7,096,000,000					$ 7,096,000,000	$ 7,096,000,000	$ 7,096,000,000	$ 6,872,000,000
Debt issuance costs, net		59,000,000					59,000,000	59,000,000	59,000,000	61,000,000
Equity investments in affiliates		352,000,000					352,000,000	352,000,000	352,000,000	364,000,000
Rosie Central BESS
Debt Instrument [Line Items]
Equity investments in affiliates		10,000,000					10,000,000	10,000,000	10,000,000
Subsequent Event | Rosie Class B LLC | Rosie Central BESS
Debt Instrument [Line Items]
Equity investments in affiliates	$ 20,000,000
Mililani I Drop Down | CEG
Debt Instrument [Line Items]
Payments for associated fees			$ 1,000,000
Mililani I Drop Down | Tax Equity Investors
Debt Instrument [Line Items]
Transfers of assets under common control			8,000,000
Contributions from noncontrolling interests, net of distributions			17,000,000
Daggett 3 Drop Down
Debt Instrument [Line Items]
Long-term debt					$ 480,000,000
Daggett 3 Drop Down | CEG
Debt Instrument [Line Items]
Transfers of assets under common control							11,000,000
Payments for associated fees					8,000,000		43,000,000
Daggett 3 Drop Down | Tax Equity Investors
Debt Instrument [Line Items]
Contributions from noncontrolling interests, net of distributions					62,000,000
Rosamond Central Solar project
Debt Instrument [Line Items]
Long-term debt		77,000,000					77,000,000	77,000,000	77,000,000
Rosamond Central Solar project | Rosie Central BESS
Debt Instrument [Line Items]
Long-term debt		360,000,000
Rosamond Central Solar project | Subsequent Event
Debt Instrument [Line Items]
Long-term debt	138,000,000
Debt issuance costs, net	$ 5,000,000
Interest rate, percentage	9%
Tax Equity Bridge Loan | Mililani I Drop Down
Debt Instrument [Line Items]
Long-term debt			55,000,000
Tax Equity Bridge Loan | Daggett 3 Drop Down
Debt Instrument [Line Items]
Long-term debt					229,000,000
Tax Equity Bridge Loan | Rosamond Central Solar project
Debt Instrument [Line Items]
Long-term debt		188,000,000
Tax Equity Bridge Loan | Rosamond Central Solar project | Subsequent Event
Debt Instrument [Line Items]
Long-term debt	$ 28,000,000
Construction loans | Mililani I Drop Down
Debt Instrument [Line Items]
Long-term debt, outstanding			47,000,000
Construction loans | Daggett 3 Drop Down
Debt Instrument [Line Items]
Long-term debt					181,000,000
Construction loans | Waiawa
Debt Instrument [Line Items]
Long-term debt, additions								36,000,000
Construction loans | Rosamond Central Solar project
Debt Instrument [Line Items]
Long-term debt		115,000,000
Construction loans | Rosamond Central Solar project | Subsequent Event
Debt Instrument [Line Items]
Long-term debt	115,000,000
Sponsor Equity Bridge Loan | Daggett 3 Drop Down
Debt Instrument [Line Items]
Long-term debt					75,000,000
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028
Debt Instrument [Line Items]
Long-term debt		0					0	0	0	$ 0
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		188,000,000					188,000,000	188,000,000	$ 188,000,000
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028 | Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 700,000,000
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028 | Letter of Credit | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 594,000,000
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028 | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate				0.10%					1.85%
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, fair value of amount outstanding		0					0	0	$ 0
Waiawa | Tax Equity Investors
Debt Instrument [Line Items]
Expected contributions upon substantial completion			41,000,000
Waiawa | Construction loans
Debt Instrument [Line Items]
Long-term debt						$ 25,000,000
Repayments of debt			$ 10,000,000
Daggett 3 Drop Down | Construction loans
Debt Instrument [Line Items]
Long-term debt					$ 181,000,000
Rosamond Central Solar project | Letter of Credit | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 41,000,000					$ 41,000,000	$ 41,000,000	$ 41,000,000
Clearway Renew LLC | Rosamond Central Solar project | Subsequent Event
Debt Instrument [Line Items]
Long-term debt	$ 117,000,000

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	May 31, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Segment Reporting
Operating revenues		$ 406	$ 368	$ 694	$ 582
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below		118	112	226	240
Depreciation, amortization and accretion		128	126	256	250
General and administrative		9	9	19	21
Transaction and integration costs		2	3	2	5
Development costs		0	1	0	2
Total operating costs and expenses			251		518
Gain on sale of business		0	1,291	0	1,291
Operating income (loss)		149	1,408	191	1,355
Equity in earnings (losses) of unconsolidated affiliates		3	10	0	14
Other income, net		9	5	17	5
Loss on debt extinguishment		0	0	0	(2)
Interest expense		(55)	(47)	(154)	(94)
Net Income (Loss)	$ 8	106	1,376	54	1,278
Total assets		12,618		12,618		$ 12,312
Operating Segments
Segment Reporting
Operating revenues		406	368	694	582
Operating Segments | Conventional Generation
Segment Reporting
Operating revenues		115	103	210	211
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below		40	28	69	49
Depreciation, amortization and accretion		32	33	65	66
General and administrative		0	0	0	0
Transaction and integration costs		0	0	0	0
Development costs			0		0
Total operating costs and expenses			61		115
Gain on sale of business			0		0
Operating income (loss)		43	42	76	96
Equity in earnings (losses) of unconsolidated affiliates		1	1	2	2
Other income, net		1	0	2	0
Loss on debt extinguishment					0
Interest expense		(8)	(10)	(19)	(18)
Net Income (Loss)		37	33	61	80
Total assets		2,169		2,169
Operating Segments | Renewables
Segment Reporting
Operating revenues		291	247	484	294
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below		79	73	158	141
Depreciation, amortization and accretion		96	93	191	184
General and administrative		0	0	0	0
Transaction and integration costs		0	0	0	0
Development costs			0		0
Total operating costs and expenses			166		325
Gain on sale of business			0		0
Operating income (loss)		116	81	135	(31)
Equity in earnings (losses) of unconsolidated affiliates		2	9	(2)	12
Other income, net		3	4	4	4
Loss on debt extinguishment					(2)
Interest expense		(23)	(11)	(87)	(19)
Net Income (Loss)		98	83	50	(36)
Total assets		10,020		10,020
Operating Segments | Thermal
Segment Reporting
Operating revenues			18		77
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below			11		50
Depreciation, amortization and accretion			0		0
General and administrative			1		2
Transaction and integration costs			0		0
Development costs			1		2
Total operating costs and expenses			13		54
Gain on sale of business			0		0
Operating income (loss)			5		23
Equity in earnings (losses) of unconsolidated affiliates			0		0
Other income, net			0		0
Loss on debt extinguishment					0
Interest expense			(1)		(6)
Net Income (Loss)			4		17
Corporate
Segment Reporting
Operating revenues		0	0	0	0
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below		(1)	0	(1)	0
Depreciation, amortization and accretion		0	0	0	0
General and administrative		9	8	19	19
Transaction and integration costs		2	3	2	5
Development costs			0		0
Total operating costs and expenses			11		24
Gain on sale of business			1,291		1,291
Operating income (loss)		(10)	1,280	(20)	1,267
Equity in earnings (losses) of unconsolidated affiliates		0	0	0	0
Other income, net		5	1	11	1
Loss on debt extinguishment					0
Interest expense		(24)	(25)	(48)	(51)
Net Income (Loss)		(29)	$ 1,256	(57)	$ 1,217
Total assets		$ 429		$ 429

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) subsidiary	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) subsidiary	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Related Party Transaction
Expenses from transactions with related party		$ 251		$ 518
General and administrative	$ 9	9	$ 19	21
RENOM | Related Party
Related Party Transaction
Expenses from transactions with related party	19	15	36	30
Due to related party	$ 11		$ 11		$ 14
CEG
Related Party Transaction
Number of wholly owned subsidiaries | subsidiary	2		2
General and administrative	$ 2	1	$ 3	2
Affiliated Entity | Related Party
Related Party Transaction
Due to related party	2		2		$ 3
Affiliated Entity | Related Party | Administrative Services Agreement
Related Party Transaction
Expenses from transactions with related party	$ 6	$ 5	$ 10	$ 8