Clearway Energy (CWEN.A) 10-Q 30 Oct 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Oct. 28, 2024
Class of Stock [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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	2024
Document Fiscal Period Focus	Q3
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)		82,831,652
Common Class D
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		41,961,750

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Operating Revenues
Total operating revenues	$ 486	$ 371	$ 1,115	$ 1,065
Operating Costs and Expenses
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	135	134	378	360
Depreciation, amortization and accretion	164	133	471	389
General and administrative	9	8	28	27
Transaction and integration costs	0	1	4	3
Total operating costs and expenses	308	276	881	779
Operating income (loss)	178	95	234	286
Other Income (Expense)
Equity in earnings of unconsolidated affiliates	13	11	33	11
Other income, net	8	15	36	32
Loss on debt extinguishment	0	0	(3)	0
Interest expense	(139)	(48)	(284)	(202)
Total other expense, net	(118)	(22)	(218)	(159)
Net Income	60	73	16	127
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(58)	(32)	(183)	(62)
Net Income Attributable to Clearway Energy LLC	$ 118	$ 105	$ 199	$ 189

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net Income	$ 60	$ 73	$ 16	$ 127
Other Comprehensive (Loss) Income
Unrealized (loss) gain on derivatives and changes in accumulated OCI	(15)	9	(15)	9
Other comprehensive (loss) income	(15)	9	(15)	9
Comprehensive Income	45	82	1	136
Less: Comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests	(63)	(28)	(185)	(58)
Comprehensive Income Attributable to Clearway Energy LLC	$ 108	$ 110	$ 186	$ 194

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 292	$ 535
Restricted cash	382	516
Inventory	63	55
Derivative instruments	34	41
Prepayments and other current assets	73	55
Total current assets	1,043	1,547
Property, plant and equipment, net	9,895	9,526
Other Assets
Equity investments in affiliates	322	360
Intangible assets for power purchase agreements, net	2,170	2,303
Other intangible assets, net	70	71
Derivative instruments	70	82
Right-of-use assets, net	548	597
Other non-current assets	123	202
Total other assets	3,303	3,615
Total Assets	14,241	14,688
Current Liabilities
Current portion of long-term debt — external	412	558
Current portion of long-term debt — affiliate	0	1
Accounts payable — trade	78	130
Derivative instruments	51	51
Accrued interest expense	35	57
Accrued expenses and other current liabilities	71	79
Total current liabilities	664	911
Other Liabilities
Long-term debt — external	6,732	7,479
Deferred income taxes	1	2
Derivative instruments	279	281
Long-term lease liabilities	570	627
Other non-current liabilities	313	282
Total other liabilities	7,895	8,671
Total Liabilities	8,559	9,582
Redeemable noncontrolling interest in subsidiaries	9	1
Commitments and Contingencies
Members’ Equity
Contributed capital	949	1,299
Retained earnings	975	1,027
Accumulated other comprehensive income	2	15
Noncontrolling interest	3,747	2,764
Total Members’ Equity	5,673	5,105
Total Liabilities and Members’ Equity	14,241	14,688
Nonrelated Party
Current Assets
Accounts receivable — trade	199	171
Affiliated Entity
Current Assets
Note receivable — affiliate	0	174
Current Liabilities
Accounts payable — affiliates	$ 17	$ 35

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities
Net Income	$ 16	$ 127
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of unconsolidated affiliates	(33)	(11)
Distributions from unconsolidated affiliates	21	17
Depreciation, amortization and accretion	471	389
Amortization of financing costs and debt discounts	10	9
Amortization of intangibles	137	139
Loss on debt extinguishment	3	0
Reduction in carrying amount of right-of-use assets	11	11
Changes in derivative instruments and amortization of accumulated OCI	34	(64)
Cash provided by (used in) changes in other working capital:
Changes in prepaid and accrued liabilities for tolling agreements	3	(23)
Changes in other working capital	(93)	(69)
Net Cash Provided by Operating Activities	580	525
Cash Flows from Investing Activities
Acquisition of Drop Down Assets, net of cash acquired	(671)	100
Capital expenditures	(237)	(143)
Return of investment from unconsolidated affiliates	38	14
Decrease (increase) in note receivable — affiliate	184	(215)
Investments in unconsolidated affiliates	0	(28)
Other	12	1
Net Cash Used in Investing Activities	(674)	(271)
Cash Flows from Financing Activities
Contributions from noncontrolling interests, net of distributions	1,183	219
Contributions from CEG, net of distributions	202	75
Payments of distributions	(249)	(231)
Tax-related distributions	(1)	(50)
Proceeds from the issuance of long-term debt — external	255	293
Payments of debt issuance costs	(7)	(14)
Payments for long-term debt — external	(1,664)	(384)
Payments for long-term debt — affiliate	(1)	0
Other	(1)	(2)
Net Cash Used in Financing Activities	(283)	(94)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash	(377)	160
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	1,051	996
Cash, Cash Equivalents and Restricted Cash at End of Period	$ 674	$ 1,156

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	Retained Earnings	Retained Earnings CEG	Retained Earnings Clearway Energy, Inc.	Accumulated Other Comprehensive Income	Noncontrolling Interest	Noncontrolling Interest CEG	Noncontrolling Interest Tax Equity Investors
Balances, 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 CEG, net of distributions, cash		$ 30				$ 30
Contributions from noncontrolling interests, net of distributions, cash			$ 215										$ 215
Transfer of assets under common control	(6)				(59)						53
Distributions paid		(44)		$ (32)				$ (44)	$ (32)
Balances, end of period at Mar. 31, 2023	4,264				1,279		1,142			18	1,825
Balances, beginning of period at Dec. 31, 2022	4,160				1,308		1,240			21	1,591
Balances, end of period at Sep. 30, 2023	4,406				1,233		1,147			26	2,000
Balances, 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
Distributions to CEG, cash		(4)				(4)
Distributions to noncontrolling interests, net of contributions, cash			(5)										(5)
Tax-related distributions	(45)						(45)
Distributions paid		(32)		(45)				(32)	(45)
Balances, end of period at Jun. 30, 2023	4,237				1,275		1,126			21	1,815
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	68						105				(37)
Unrealized gain (loss) on derivatives and changes in accumulated OCI	9									5	4
Distributions to CEG, cash		(1)				(1)
Contributions from noncontrolling interests, net of distributions, cash		12										$ 12
Distributions to noncontrolling interests, non-cash			(7)										(7)
Transfer of assets under common control	171				(42)						213
Tax-related distributions	(5)						(5)
Distributions paid		(33)		(45)				(33)	(45)
Other	0				1		(1)
Balances, end of period at Sep. 30, 2023	4,406				1,233		1,147			26	2,000
Balances, beginning of period at Dec. 31, 2023	5,105				1,299		1,027			15	2,764
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(60)						(26)				(34)
Unrealized gain (loss) on derivatives and changes in accumulated OCI	(1)									(4)	3
Contributions from CEG, net of distributions, cash		(1)				(1)
Contributions from noncontrolling interests, net of distributions, cash			215										215
Transfer of assets under common control	(40)				(38)						(2)
Distributions paid		(34)		(47)				(34)	(47)
Other	1										1
Balances, end of period at Mar. 31, 2024	5,138				1,260		920			11	2,947
Balances, beginning of period at Dec. 31, 2023	5,105				1,299		1,027			15	2,764
Balances, end of period at Sep. 30, 2024	5,673				949		975			2	3,747
Balances, beginning of period at Mar. 31, 2024	5,138				1,260		920			11	2,947
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	11						107				(96)
Unrealized gain (loss) on derivatives and changes in accumulated OCI	1									1
Contributions from CEG, net of distributions, cash		222				222
Contributions from noncontrolling interests, net of distributions, cash			988										988
Distributions to noncontrolling interests, non-cash			(1)										(1)
Transfer of assets under common control	(544)				(539)						(5)
Tax-related distributions	(1)						(1)
Distributions paid		(35)		(48)				(35)	(48)
Other	(1)						(1)
Balances, end of period at Jun. 30, 2024	5,730				943		942			12	3,833
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	56						118				(62)
Unrealized gain (loss) on derivatives and changes in accumulated OCI	(15)									(10)	(5)
Contributions from CEG, net of distributions, cash		6				$ 6
Distributions to noncontrolling interests, net of contributions, cash			$ (19)										$ (19)
Distributions paid		$ (36)		$ (49)				$ (36)	$ (49)
Balances, end of period at Sep. 30, 2024	$ 5,673				$ 949		$ 975			$ 2	$ 3,747

Nature of Business

Nature of Business	9 Months Ended
	Sep. 30, 2024
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. CEG is a leading developer of renewable energy infrastructure in the U.S. On October 1, 2024, BlackRock acquired 100% of the business and assets of GIM, which is the investment manager of the GIP funds that own an interest in CEG. BlackRock is a publicly-traded global investment management firm. The Company is one of the largest renewable energy owners in the U.S. with approximately 6,500 net MW of installed wind, solar and battery energy storage system, or BESS, facilities. The Company’s approximately 9,000 net MW of assets also includes approximately 2,500 net MW of environmentally-sound, highly efficient natural gas-fired generation facilities. Through this environmentally-sound, diversified and primarily contracted portfolio, the Company endeavors to 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 September 30, 2024, Clearway, Inc. owned 58.10% of the economic interests of the Company, with CEG owning 41.90% of the economic interests of the Company. The following table represents a summarized structure of the Company as of September 30, 2024: Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the SEC’s regulations for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The following notes should be read in conjunction with the accounting policies and other disclosures as set forth in the notes to the consolidated financial statements included in the Company’s 2023 Form 10-K. Interim results are not necessarily indicative of results for a full year. In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all material adjustments consisting of normal and recurring accruals necessary for a fair statement of the Company’s consolidated financial position as of September 30, 2024, and results of operations, comprehensive income and cash flows for the three and nine months ended September 30, 2024 and 2023.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Use of Estimates The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amounts of net earnings during the reporting periods. Actual results could be different from these estimates. Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include highly liquid investments with an original maturity of three months or less at the time of purchase. Cash and cash equivalents held at subsidiary facilities was $202 million and $125 million as of September 30, 2024 and December 31, 2023, respectively. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows: September 30, 2024 December 31, 2023 (In millions) Cash and cash equivalents $ 292 $ 535 Restricted cash 382 516 Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 674 $ 1,051 Restricted cash consists primarily of funds held to satisfy the requirements of certain debt agreements and funds held within the Company’s facilities that are restricted in their use. As of September 30, 2024, these restricted funds were comprised of $183 million designated to fund operating expenses, $71 million designated for current debt service payments and $89 million restricted for reserves including debt service, performance obligations and other reserves as well as capital expenditures. The remaining $39 million is held in distributions reserve accounts. Supplemental Cash Flow Information The following table provides a disaggregation of the amounts classified as Acquisition of Drop Down Assets, net of cash acquired, shown in the consolidated statements of cash flows: Nine months ended September 30, 2024 2023 (In millions) Cash paid to acquire Drop Down Assets $ (673) $ (34) Cash acquired from the acquisition of Drop Down Assets 2 134 Acquisition of Drop Down Assets, net of cash acquired $ (671) $ 100 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: September 30, 2024 December 31, 2023 (In millions) Property, Plant and Equipment Accumulated Depreciation $ 3,938 $ 3,485 Intangible Assets Accumulated Amortization 1,147 1,009 Distributions The following table lists distributions paid on the Company's Class A, B, C and D units during the nine months ended September 30, 2024: Third Quarter 2024 Second Quarter 2024 First Quarter 2024 Distributions per Class A, B, C and D unit $ 0.4171 $ 0.4102 $ 0.4033 On October 29, 2024, the Company declared a distribution on its Class A, Class B, Class C and Class D units of $0.4240 per unit payable on December 16, 2024 to unit holders of record as of December 2, 2024. Revenue Recognition Disaggregated Revenues The following tables represent the Company’s disaggregation of revenue from contracts with customers along with the reportable segment for each category: Three months ended September 30, 2024 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 35 $ 315 $ 350 Capacity revenue (a) 65 22 87 Other revenues 3 20 23 Contract amortization (5) (41) (46) Mark-to-market for economic hedges 4 68 72 Total operating revenues 102 384 486 Less: Contract amortization 5 41 46 Less: Mark-to-market for economic hedges (4) (68) (72) Less: Lease revenue (27) (247) (274) Total revenue from contracts with customers $ 76 $ 110 $ 186 (a) The following amounts of energy and capacity revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 1 $ 234 $ 235 Capacity revenue 26 13 39 Total $ 27 $ 247 $ 274 Three months ended September 30, 2023 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 57 $ 280 $ 337 Capacity revenue (a) 74 5 79 Other revenues 3 17 20 Contract amortization (5) (42) (47) Mark-to-market for economic hedges 3 (21) (18) Total operating revenues 132 239 371 Less: Contract amortization 5 42 47 Less: Mark-to-market for economic hedges (3) 21 18 Less: Lease revenue (41) (233) (274) Total revenue from contracts with customers $ 93 $ 69 $ 162 (a) The following amounts of energy and capacity revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 2 $ 228 $ 230 Capacity revenue 39 5 44 Total $ 41 $ 233 $ 274 Nine months ended September 30, 2024 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 67 $ 870 $ 937 Capacity revenue (a) 195 44 239 Other revenues 6 63 69 Contract amortization (14) (124) (138) Mark-to-market for economic hedges 12 (4) 8 Total operating revenue 266 849 1,115 Less: Contract amortization 14 124 138 Less: Mark-to-market for economic hedges (12) 4 (8) Less: Lease revenue (84) (691) (775) Total revenue from contracts with customers $ 184 $ 286 $ 470 (a) The following amounts of energy and capacity revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 2 $ 661 $ 663 Capacity revenue 82 30 112 Total $ 84 $ 691 $ 775 Nine months ended September 30, 2023 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 61 $ 753 $ 814 Capacity revenue (a) 270 15 285 Other revenues (a) 24 56 80 Contract amortization (16) (125) (141) Mark-to-market for economic hedges 3 24 27 Total operating revenue 342 723 1,065 Less: Contract amortization 16 125 141 Less: Mark-to-market for economic hedges (3) (24) (27) Less: Lease revenue (246) (626) (872) Total revenue from contracts with customers $ 109 $ 198 $ 307 (a) The following amounts of energy, capacity and other revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 4 $ 613 $ 617 Capacity revenue 221 13 234 Other revenues (b) 21 — 21 Total $ 246 $ 626 $ 872 (b) Includes sales-type lease revenue recognized for the Marsh Landing Black Start addition that reached commercial operations on May 31, 2023. Contract Balances The following table reflects the contract assets and liabilities included on the Company’s consolidated balance sheets: September 30, 2024 December 31, 2023 (In millions) Accounts receivable, net - Contracts with customers $ 79 $ 66 Accounts receivable, net - Leases 120 105 Total accounts receivable, net $ 199 $ 171

Acquisitions

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

Investments Accounted for by th

Investments Accounted for by the Equity Method and Variable Interest Entities	9 Months Ended
	Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Investments Accounted for by the Equity Method and Variable Interest Entities	Investments Accounted for by the Equity Method and Variable Interest Entities Entities that are not Consolidated The Company has interests in entities that are considered VIEs under ASC 810, but for which it is not considered the primary beneficiary. The Company accounts for its interests in these entities and entities in which it has a significant investment under the equity method of accounting, as further described under Item 15 — Note 5, Investments Accounted for by the Equity Method and Variable Interest Entities, to the consolidated financial statements included in the Company’s 2023 Form 10 -K. The following table reflects the Company’s equity investments in unconsolidated affiliates as of September 30, 2024: Name Economic Interest Investment Balance (a) (In millions) Avenal 50% $ 8 Desert Sunlight 25% 227 Elkhorn Ridge 66.7% 9 GenConn (b) 50% 75 San Juan Mesa 75% 3 $ 322 (a) The Company’s maximum exposure to loss is limited to its investment balances. (b) GenConn is a VIE. Rosie Central BESS On June 13, 2024, when the Rosamond Central BESS facility reached substantial completion, Clearway Renew redeemed Rosie Class B LLC’s entire investment of $28 million in Rosie Central BESS that was accounted for as an equity method investment, as further discussed in Note 7, Long-term Debt . Rosie Class B LLC’s equity investment in Rosie Central BESS was comprised of contributions from the Company and the cash equity investor in Rosie TargetCo LLC during the year ended December 31, 2023. Entities that are Consolidated As further described under Item 15 — Note 5, Investments Accounted for by the Equity Method and Variable Interest Entities, to the consolidated financial statements included in the Company’s 2023 Form 10-K, the Company has a controlling financial interest in certain entities which have been identified as VIEs under ASC 810, Consolidations , or ASC 810. These arrangements are primarily related to tax equity arrangements entered into with third parties in order to monetize certain tax credits associated with wind, solar and BESS facilities. The Company also has a controlling financial interest in certain partnership arrangements with third-party investors, which also have been identified as VIEs. Under the Company’s arrangements that have been identified as VIEs, the third-party investors are allocated earnings, tax attributes and distributable cash in accordance with the respective limited liability company agreements. Many of these arrangements also provide a mechanism to facilitate achievement of the investor’s specified return by providing incremental cash distributions to the investor at a specified date if the specified return has not yet been achieved. The following is a summary of significant activity during the nine months ended September 30, 2024 related to the Company’s consolidated VIEs: Cedar Creek TE Holdco LLC As described in Note 3, Acquisitions , on April 16, 2024, the Company, through its indirect subsidiary, Cedar Creek Wind Holdco LLC, acquired Cedar Creek Holdco LLC. Cedar Creek Holdco LLC consolidates as primary beneficiary, Cedar Creek TE Holdco LLC, a tax equity fund that owns the Cedar Creek wind facility. The Class A membership interests in Cedar Creek TE Holdco LLC are held by a tax equity investor and are reflected as noncontrolling interest on the Company’s consolidated balance sheet. Lighthouse Renewable Holdco 2 LLC As described in Note 3, Acquisitions , on March 15, 2024, TSN1 TE Holdco LLC, an indirect subsidiary of the Company, acquired Texas Solar Nova 2. The Company, through Lighthouse Renewable Holdco 2 LLC, a partnership, consolidates TSN1 TE Holdco LLC, a tax equity fund that owns Texas Solar Nova 1 and Texas Solar Nova 2. The Company recorded the noncontrolling interest of the cash equity investor in Lighthouse Renewable Holdco 2 LLC at historical carrying amount, with the offset to contributed capital. The Class A membership interests in TSN1 TE Holdco LLC are held by a tax equity investor and are reflected as noncontrolling interest on the Company’s consolidated balance sheet. Daggett Renewable Holdco LLC Effective January 1, 2024, the Company and the cash equity investor in Daggett Renewable HoldCo LLC and Daggett 2 TargetCo LLC, the indirect owner of the Daggett 2 solar and BESS facility, agreed to transfer Daggett 2 TargetCo LLC to Daggett Renewable Holdco LLC. As the transfer was among entities under common control, the transaction was recognized at historical cost and no gain or loss was recognized. Summarized financial information for the Company’s consolidated VIEs consisted of the following as of September 30, 2024: (In millions) Buckthorn Holdings, LLC Cedar Creek TE Holdco LLC Daggett Renewable Holdco LLC (a) DGPV Funds (b) Lighthouse Renewable Holdco LLC (c) Lighthouse Renewable Holdco 2 LLC (d) Other current and non-current assets $ 5 $ 35 $ 220 $ 59 $ 61 $ 139 Property, plant and equipment 179 308 1,353 366 398 1,311 Intangible assets — — — 1 — 2 Total assets 184 343 1,573 426 459 1,452 Current and non-current liabilities 12 119 648 50 136 547 Total liabilities 12 119 648 50 136 547 Noncontrolling interest 8 102 927 12 244 682 Net assets less noncontrolling interest $ 164 $ 122 $ (2) $ 364 $ 79 $ 223 (a) Daggett Renewable Holdco LLC consolidates Daggett TE Holdco LLC and Daggett 2 TE Holdco LLC, which are consolidated VIEs. (b) DGPV Funds is comprised of Clearway & EFS Distributed Solar LLC, Golden Puma Fund LLC, Renew Solar CS4 Fund LLC and Chestnut Fund LLC, which are all tax equity funds. (c) Lighthouse Renewable Holdco LLC consolidates Black Rock TE Holdco LLC and Mililani TE Holdco LLC, which are consolidated VIEs. (d) Lighthouse Renewable Holdco 2 LLC consolidates Mesquite Sky TE Holdco LLC, Mesquite Star Tax Equity Holdco LLC and TSN1 TE Holdco LLC, which are consolidated VIEs. (In millions) Oahu Solar LLC Rattlesnake TE Holdco LLC Rosie TargetCo LLC VP-Arica TargetCo LLC (a) Wildorado TE Holdco LLC Other (b) Other current and non-current assets $ 38 $ 14 $ 55 $ 69 $ 25 $ 44 Property, plant and equipment 151 168 535 996 182 332 Intangible assets — — — 2 — 14 Total assets 189 182 590 1,067 207 390 Current and non-current liabilities 22 16 222 40 20 149 Total liabilities 22 16 222 40 20 149 Noncontrolling interest 21 77 281 345 86 141 Net assets less noncontrolling interest $ 146 $ 89 $ 87 $ 682 $ 101 $ 100 (a) VP-Arica TargetCo LLC consolidates VP-Arica TE Holdco LLC, a consolidated VIE that owns the Victory Pass and Arica solar and BESS facilities. (b) Other is comprised of Elbow Creek TE Holdco LLC, Langford TE Partnership LLC, Pinnacle Repowering TE Holdco LLC and the Spring Canyon facilities.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair Value Accounting under ASC 820 ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels as follows: • Level 1—quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access as of the measurement date. • Level 2—inputs other than quoted prices included within Level 1 that are directly observable for the asset or liability or indirectly observable through corroboration with observable market data. • Level 3—unobservable inputs for the asset or liability only used when there is little, if any, market activity for the asset or liability at the measurement date. In accordance with ASC 820, the Company determines the level in the fair value hierarchy within which each fair value measurement in its entirety falls, based on the lowest level input that is significant to the fair value measurement. For cash and cash equivalents, restricted cash, accounts receivable — trade, accounts receivable — affiliates, accounts payable — trade, accounts payable — affiliates and accrued expenses and other current liabilities, the carrying amounts approximate fair value because of the short-term maturity of those instruments and are classified as Level 1 within the fair value hierarchy. The carrying amount and estimated fair value of the Company’s recorded financial instrument not carried at fair market value or that does not approximate fair value is as follows: As of September 30, 2024 As of December 31, 2023 Carrying Amount Fair Value Carrying Amount Fair Value (In millions) Long-term debt, including current portion — affiliate $ — $ — $ 1 $ 1 Long-term debt, including current portion — external (a) 7,201 6,897 8,102 7,611 (a) Excludes net debt issuance costs, which are recorded as a reduction to long-term debt on the Company’s consolidated balance sheets. The fair value of the Company’s publicly-traded long-term debt is based on quoted market prices and is classified as Level 2 within the fair value hierarchy. The fair value of debt securities, non-publicly traded long-term debt and certain notes receivable of the Company are based on expected future cash flows discounted at market interest rates, or current interest rates for similar instruments with equivalent credit quality and are classified as Level 3 within the fair value hierarchy. The following table presents the level within the fair value hierarchy for long-term debt, including current portion: As of September 30, 2024 As of December 31, 2023 Level 2 Level 3 Level 2 Level 3 (In millions) Long-term debt, including current portion $ 2,002 $ 4,895 $ 1,940 $ 5,672 Recurring Fair Value Measurements The Company records its derivative assets and liabilities at fair market value on its consolidated balance sheets. The following table presents assets and liabilities measured and recorded at fair value on the Company’s consolidated balance sheets on a recurring basis and their level within the fair value hierarchy: As of September 30, 2024 As of December 31, 2023 Fair Value (a) Fair Value (a) (In millions) Level 2 (b) Level 3 Level 2 (b) Level 3 Derivative assets: Energy-related commodity contracts (c) $ — $ 7 $ 2 $ — Interest rate contracts 97 — 121 — Other financial instruments (d) — 10 — 13 Total assets $ 97 $ 17 $ 123 $ 13 Derivative liabilities: Energy-related commodity contracts (e) $ 1 $ 326 $ — $ 330 Interest rate contracts 3 — 2 — Total liabilities $ 4 $ 326 $ 2 $ 330 (a) There were no derivative assets or liabilities classified as Level 1 as of September 30, 2024 and December 31, 2023. (b) The Company’s interest rate swaps are measured at fair value using an income approach, which uses readily observable inputs, such as forward interest rates (e.g., SOFR) and contractual terms to estimate fair value. (c) Includes long-term backbone transportation service contracts classified as Level 2 and short-term heat rate call option contracts classified as Level 3. (d) Includes SREC contract. (e) Includes long-term backbone transportation contracts classified as Level 2 and long-term power commodity contracts and short-term heat rate call option contracts classified as Level 3. As of September 30, 2024 and December 31, 2023, Level 3 amounts include $326 million and $325 million related to long-term power commodity contracts and zero and $5 million related to short-term heat rate call option contracts, respectively. The following table reconciles the beginning and ending balances for instruments that are recognized at fair value in the consolidated financial statements using significant unobservable inputs: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 (In millions) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Beginning balance $ (381) $ (291) $ (317) $ (336) Settlements 6 21 — 30 Total gains (losses) for the period included in earnings 66 (39) 8 (3) Ending balance $ (309) $ (309) $ (309) $ (309) Change in unrealized gains included in earnings for derivatives and other financial instruments held as of September 30, 2024 $ 66 $ 8 Derivative and Financial Instruments Fair Value Measurements The Company's contracts are non-exchange-traded and valued using prices provided by external sources. The Company uses quoted observable forward prices to value its energy-related commodity contracts, which includes long-term power commodity contracts and heat rate call option contracts. To the extent that observable forward prices are not available, the quoted prices reflect the average of the forward prices from the prior year, adjusted for inflation. As of September 30, 2024, contracts valued with prices provided by models and other valuation techniques make up 7% of derivative assets and 99% of derivative liabilities and other financial instruments. The Company’s significant positions classified as Level 3 include physical and financial energy-related commodity contracts executed in illiquid markets. The significant unobservable inputs used in developing fair value include illiquid power tenors and location pricing, which is derived by extrapolating pricing as a basis to liquid locations. The tenor pricing and basis spread are based on observable market data when available or derived from historic prices and forward market prices from similar observable markets when not available. The following table quantifies the significant unobservable inputs used in developing the fair value of the Company’s Level 3 positions: September 30, 2024 Fair Value Input/Range Assets Liabilities Valuation Technique Significant Unobservable Input Low High Weighted Average (In millions) Long-term Power Commodity Contracts $ — $ 326 Discounted Cash Flow Forward Market Price (per MWh) $ 19.67 $ 69.48 $ 41.94 Heat Rate Call Option Commodity Contracts 7 — Option Model Forward Market Price (per MWh) $ (33.90) $ 1,083.78 $ 56.23 Option Model Forward Market Price (per MMBtu) $ 2.31 $ 12.52 $ 5.73 Other Financial Instruments 10 — Discounted Cash Flow Forecast annual generation levels of certain DG solar facilities 59,425 MWh 118,850 MWh 111,091 MWh The following table provides the impact on the fair value measurements to increases/(decreases) in significant unobservable inputs as of September 30, 2024: Type Significant Unobservable Input Position Change In Input Impact on Fair Value Measurement Energy-Related Commodity Contracts Forward Market Price Power Sell Increase/(Decrease) Lower/(Higher) Energy-Related Commodity Contracts Forward Market Price Gas Sell Increase/(Decrease) Higher/(Lower) Other Financial Instruments Forecast Generation Levels Sell Increase/(Decrease) Higher/(Lower) The fair value of each contract is discounted using a risk-free interest rate. In addition, a credit reserve is applied to reflect credit risk, which is, for interest rate swaps, calculated based on credit default swaps using the bilateral method. For commodities, to the extent that the Net Exposure under a specific master agreement is an asset, the Company uses the counterparty’s default swap rate. If the Net Exposure under a specific master agreement is a liability, the Company uses a proxy of its own default swap rate. For interest rate swaps and commodities, the credit reserve is added to the discounted fair value to reflect the exit price that a market participant would be willing to receive to assume the liabilities or that a market participant would be willing to pay for the assets. As of September 30, 2024, the non-performance reserve was a $17 million gain recorded primarily to total operating revenues in the consolidated statements of income. It is possible that future market prices could vary from those used in recording assets and liabilities and such variations could be material. Concentration of Credit Risk In addition to the credit risk discussion as disclosed under Item 15 — Note 2, Summary of Significant Accounting Policies , to the consolidated financial statements included in the Company’s 2023 Form 10-K, the following item is a discussion of the concentration of credit risk for the Company’s financial instruments. Credit risk relates to the risk of loss resulting from non-performance or non-payment by counterparties pursuant to the terms of their contractual obligations. The Company monitors and manages credit risk through credit policies that include: (i) an established credit approval process; (ii) monitoring of counterparties’ credit limits on an as needed basis; (iii) as applicable, the use of credit mitigation measures such as margin, collateral, prepayment arrangements, or volumetric limits; (iv) the use of payment netting agreements; and (v) the use of master netting agreements that allow for the netting of positive and negative exposures of various contracts associated with a single counterparty. Risks surrounding counterparty performance and credit could ultimately impact the amount and timing of expected cash flows. The Company seeks to mitigate counterparty risk by having a diversified portfolio of counterparties. Counterparty credit exposure includes credit risk exposure under certain long-term agreements, including solar and other PPAs. As external sources or observable market quotes are not available to estimate such exposure, the Company estimates the exposure related to these contracts based on various techniques including, but not limited to, internal models based on a fundamental analysis of the market and extrapolation of observable market data with similar characteristics. A significant portion of these energy-related commodity contracts are with utilities with strong credit quality and public utility commission or other regulatory support. However, such regulated utility counterparties can be impacted by changes in government regulations or adverse financial conditions, which the Company is unable to predict. Certain subsidiaries of the Company sell the output of their facilities to PG&E, a significant counterparty of the Company, under long-term PPAs, and PG&E’s credit rating is below investment-grade.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities This footnote should be read in conjunction with the complete description under Item 15 — Note 7, Accounting for Derivative Instruments and Hedging Activities , to the consolidated financial statements included in the Company’s 2023 Form 10-K. Interest Rate Swaps The Company enters into interest rate swap agreements in order to hedge the variability of expected future cash interest payments. As of September 30, 2024, the Company had interest rate derivative instruments on non-recourse debt extending through 2040, a portion of which were designated as cash flow hedges. Under the interest rate swap agreements, the Company pays a fixed rate and the counterparties to the agreements pay a variable interest rate. Energy-Related Commodity Contracts As of September 30, 2024, the Company had energy-related derivative instruments extending through 2033. At September 30, 2024, these contracts were not designated as cash flow or fair value hedges. Volumetric Underlying Derivative Transactions The following table summarizes the net notional volume buy/(sell) of the Company’s open derivative transactions broken out by commodity: Total Volume September 30, 2024 December 31, 2023 Commodity Units (In millions) Power MWh (18) (23) Natural Gas MMBtu 13 17 Interest Dollars $ 1,711 $ 2,467 Fair Value of Derivative Instruments The following table summarizes the fair value within the derivative instrument valuation on the consolidated balance sheets: Fair Value Derivative Assets Derivative Liabilities September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 (In millions) Derivatives Designated as Cash Flow Hedges: Interest rate contracts current $ 4 $ 7 $ — $ — Interest rate contracts long-term 10 12 2 2 Total Derivatives Designated as Cash Flow Hedges $ 14 $ 19 $ 2 $ 2 Derivatives Not Designated as Cash Flow Hedges: Interest rate contracts current $ 23 $ 33 $ — $ — Interest rate contracts long-term 60 69 1 — Energy-related commodity contracts current 7 1 51 51 Energy-related commodity contracts long-term — 1 276 279 Total Derivatives Not Designated as Cash Flow Hedges $ 90 $ 104 $ 328 $ 330 Total Derivatives $ 104 $ 123 $ 330 $ 332 The Company has elected to present derivative assets and liabilities on the balance sheet on a trade-by-trade basis and does not offset amounts at the counterparty level. As of September 30, 2024 and December 31, 2023, the amount of outstanding collateral paid or received was immaterial. The following tables summarize the offsetting of derivatives by counterparty: Gross Amounts Not Offset in the Statement of Financial Position As of September 30, 2024 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Energy-related commodity contracts (In millions) Derivative assets $ 7 $ — $ 7 Derivative liabilities (327) — (327) Total energy-related commodity contracts $ (320) $ — $ (320) Interest rate contracts Derivative assets $ 97 $ (2) $ 95 Derivative liabilities (3) 2 (1) Total interest rate contracts $ 94 $ — $ 94 Total derivative instruments $ (226) $ — $ (226) Gross Amounts Not Offset in the Statement of Financial Position As of December 31, 2023 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Energy-related commodity contracts (In millions) Derivative assets $ 2 $ — $ 2 Derivative liabilities (330) — (330) Total energy-related commodity contracts $ (328) $ — $ (328) Interest rate contracts Derivative assets $ 121 $ (2) $ 119 Derivative liabilities (2) 2 — Total interest rate contracts $ 119 $ — $ 119 Total derivative instruments $ (209) $ — $ (209) Accumulated Other Comprehensive Income The following table summarizes the effects on the Company’s accumulated OCI balance attributable to interest rate swaps designated as cash flow hedge derivatives: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 (In millions) Accumulated OCI beginning balance $ 20 $ 27 $ 20 $ 27 Reclassified from accumulated OCI to income due to realization of previously deferred amounts (2) (2) (4) (3) Mark-to-market of cash flow hedge accounting contracts (13) 11 (11) 12 Accumulated OCI ending balance 5 36 5 36 Accumulated OCI attributable to noncontrolling interests 3 10 3 10 Accumulated OCI attributable to Clearway Energy LLC $ 2 $ 26 $ 2 $ 26 Gains expected to be realized from OCI during the next 12 months $ 3 $ 3 Amounts reclassified from accumulated OCI into income are recorded to interest expense. Impact of Derivative Instruments on the Consolidated Statements of Income Mark-to-market gains/(losses) related to the Company’s derivatives are recorded in the consolidated statements of income as follows: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 (In millions) Interest Rate Contracts (Interest expense) $ (57) $ 33 $ (33) $ 34 Energy-Related Commodity Contracts (Mark-to-market for economic hedging activities included in Total operating revenues) (a) 72 (22) 11 28 Energy-Related Commodity Contracts (Mark-to-market for economic hedging activities included in Cost of operations) (b) — 3 (3) 3 (a) Relates to long-term energy related commodity contracts at Elbow Creek, Mesquite Star, Mt. Storm, Langford and Mesquite Sky and short-term heat rate call option energy-related commodity contracts at El Segundo, Marsh Landing and Walnut Creek. (b) Relates to long-term backbone transportation service energy-related commodity contracts at El Segundo and Walnut Creek. See Note 5, Fair Value of Financial Instruments , for a discussion regarding concentration of credit risk.

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt This note should be read in conjunction with the complete description under Item 15 — Note 10, Long-term Debt, to the consolidated financial statements included in the Company’s 2023 Form 10-K. The Company’s borrowings, including short-term and long-term portions, consisted of the following: (In millions, except rates) September 30, 2024 December 31, 2023 September 30, 2024 interest rate % (a) Letters of Credit Outstanding at September 30, 2024 Intercompany Note with Clearway, Inc. $ — $ 1 2028 Senior Notes 850 850 4.750 2031 Senior Notes 925 925 3.750 2032 Senior Notes 350 350 3.750 Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 (b) — — S+1.500 $ 108 Non-recourse facility-level debt: Agua Caliente Solar LLC, due 2037 591 612 2.395-3.633 14 Alta Wind Asset Management LLC, due 2031 10 11 S+2.775 — Alta Wind I-V lease financing arrangements, due 2034 and 2035 629 660 5.696-7.015 67 Alta Wind Realty Investments LLC, due 2031 18 20 7.000 — Borrego, due 2024 and 2038 46 48 Various 4 Broken Bow, due 2031 38 41 S+2.350 6 Buckthorn Solar, due 2025 113 116 S+2.100 21 Carlsbad Energy Holdings LLC, due 2027 76 93 S+1.900 68 Carlsbad Energy Holdings LLC, due 2038 407 407 4.120 — Carlsbad Holdco, LLC, due 2038 195 195 4.210 6 Cedar Creek, due 2029 109 — S+1.625 19 Cedro Hill, due 2024 and 2029 186 165 S+1.250-1.375 — Crofton Bluffs, due 2031 25 27 S+2.350 3 CVSR, due 2037 573 601 2.339-3.775 12 CVSR Holdco Notes, due 2037 143 152 4.680 — Daggett 2, due 2028 155 156 S+1.762 32 Daggett 3, due 2028 217 217 S+1.762 44 DG-CS Master Borrower LLC, due 2040 356 385 3.510 30 Mililani Class B Member Holdco LLC, due 2028 90 92 S+1.600 18 Natural Gas Holdco LC Facility, due 2027 — — S+1.750 107 NIMH Solar, due 2031 and 2033 130 148 S+2.000-2.125 17 Oahu Solar Holdings LLC, due 2026 79 81 S+1.525 10 Rosie Class B LLC, due 2029 192 347 S+1.750 31 Texas Solar Nova 1, due 2028 (c) — 102 — TSN1 Class B Member LLC, due 2029 (c) 179 — S+1.750 54 Utah Solar Holdings, due 2036 238 242 3.590 161 Viento Funding II, LLC, due 2029 164 175 S+1.475 29 Victory Pass and Arica, due 2024 — 757 — Other 115 124 Various 76 Subtotal non-recourse facility-level debt 5,074 5,974 Total debt 7,199 8,100 Less current maturities (412) (559) Less net debt issuance costs (57) (65) Add premiums (d) 2 3 Total long-term debt $ 6,732 $ 7,479 (a) As of September 30, 2024, S+ equals SOFR plus x%. (b) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement, and only applies to outstanding borrowings. (c) On March 15, 2024, Texas Solar Nova 1’s financing agreement was amended to merge the facility-level debt of Texas Solar Nova 1 and Texas Solar Nova 2 as a combined term loan under TSN1 Class B Member LLC. (d) Premiums relate to the 2028 Senior Notes. The financing arrangements listed above contain certain covenants, including financial covenants that the Company is required to be in compliance with during the term of the respective arrangement. As of September 30, 2024, the Company was in compliance with all of the required covenants. The discussion below describes material changes to or additions of long-term debt for the nine months ended September 30, 2024. Facility-level Debt Capistrano Portfolio Holdco LLC On October 23, 2024, the Company, through its indirect subsidiary, Capistrano Portfolio Holdco LLC, entered into a financing agreement which included the issuance of a $121 million term loan, as well as $42 million in letters of credit in support of debt service and facility obligations, supported by the Company’s interests in the Broken Bow, Crofton Bluffs, Mountain Wind 1 and Mountain Wind 2 wind facilities. The term loan bears interest at a rate of SOFR plus 1.625% per annum and matures on September 28, 2033. The Company utilized the proceeds from the term loan to pay off the existing debt in the amount of $63 million related to Broken Bow and Crofton Bluffs and to pay related financing costs. Natural Gas Holdco LC Facility On July 25, 2024, the Company, through its indirect subsidiary, Natural Gas Holdco, entered into a financing agreement that provides for a $200 million letter of credit facility, which is being utilized to support the collateral needs of the Company’s merchant conventional facilities. The letter of credit facility has an initial term of three years and the option for two additional one-year extensions. Rosamond Central (Rosie Class B LLC) On June 13, 2024, when the Rosamond Central BESS facility reached substantial completion, the Company paid $279 million to Clearway Renew as additional purchase price to complete its acquisition of the facility, which occurred on December 1, 2023. The Company’s entire additional purchase price was recorded as an adjustment to CEG’s noncontrolling interest balance. The additional purchase price consisted of $64 million that was funded by the Company from existing sources of liquidity and $215 million funded through contributions from the cash equity investor in Rosie TargetCo LLC and the tax equity investor in Rosie TE Holdco LLC. Clearway Renew utilized the proceeds to repay the balance of $184 million on the loan previously issued to its consolidated subsidiary by Rosie Class B LLC and to redeem Rosie Class B LLC’s entire equity investment in Rosie Central BESS of $28 million, as further discussed in Note 4, Investments Accounted for by the Equity Method and Variable Interest Entities . The Company utilized proceeds from Clearway Renew, along with $39 million held previously in escrow and $56 million of the Company’s additional purchase price that was contributed back by CEG, to repay the $186 million tax equity bridge loan, to distribute $44 million to the cash equity investor, to fund $21 million in construction completion reserves, which is included in restricted cash on the Company’s consolidated balance sheet, and to pay $11 million in associated fees. Additionally, on June 13, 2024, the outstanding construction loans were converted to a term loan in the amount of $115 million. NIMH Solar On June 11, 2024, the Company, through its indirect subsidiary, NIMH Solar LLC, refinanced its amended and restated credit agreement, which was scheduled to mature in September 2024, resulting in the issuance of a $137 million term loan facility, as well as $17 million in letters of credit in support of debt service and facility obligations. The obligations under the new financing arrangement are supported by the Company’s interests in the Alpine, Blythe and Roadrunner solar facilities. The Company utilized the proceeds from the term loan and existing sources of liquidity to pay off the existing debt in the amount of $146 million. Victory Pass and Arica On May 1, 2024, when the Victory Pass and Arica solar and BESS facilities reached substantial completion, the Company paid $165 million to Clearway Renew as additional purchase price, in connection with the Company’s acquisition of the Class A membership interests in VP-Arica TargetCo LLC on October 31, 2023, which was funded with existing sources of liquidity. The Company’s entire additional purchase price was recorded as an adjustment to CEG’s noncontrolling interest balance. Also on May 1, 2024, the cash equity investor contributed an additional $347 million, the tax equity investor contributed an additional $410 million and CEG contributed $52 million, which were utilized, along with $103 million held previously in escrow, to repay the $351 million cash equity bridge loan, to repay the $468 million tax equity bridge loan, to fund $75 million in construction completion reserves, which is included in restricted cash on the Company’s consolidated balance sheet, and to pay $18 million in associated fees. Prior to the repayment of the tax equity bridge loan, the Company borrowed an additional $62 million in 2024. Cedar Creek On April 16, 2024, as part of the acquisition of Cedar Creek, as further described in Note 3, Acquisitions , the Company assumed the facility’s financing agreement, which included a $112 million construction loan, a $91 million cash equity bridge loan and a $109 million tax equity bridge loan, offset by $3 million in unamortized debt issuance costs. At acquisition date, the tax equity investor contributed $108 million, which was utilized, along with the Company’s entire purchase price that was contributed back by CEG, to repay the tax equity bridge loan, to repay the cash equity bridge loan, to partially repay $2 million in construction loans, to fund $16 million in construction completion reserves, which is included in restricted cash on the Company’s consolidated balance sheet, and to pay $6 million in associated fees. Also at acquisition date, the outstanding construction loans were converted to a term loan in the amount of $110 million. Texas Solar Nova 1 and Texas Solar Nova 2 On March 15, 2024, as part of the acquisition of Texas Solar Nova 2, as further described in Note 3, Acquisitions , the Company assumed the facility’s financing agreement, which included an $80 million term loan and a $115 million tax equity bridge loan, offset by $1 million in unamortized debt issuance costs. At acquisition date, the tax equity investor contributed $130 million, which was utilized, along with $9 million of the Company’s purchase price that was contributed back by CEG, to repay the $115 million tax equity bridge loan, to fund $19 million in construction completion reserves, which is included in restricted cash on the Company’s consolidated balance sheet, and to pay $4 million in associated fees. Additionally, on March 15, 2024, Texas Solar Nova 1’s financing agreement was amended to merge the Texas Solar Nova 1 and Texas Solar Nova 2 term loans as a combined term loan under TSN1 Class B Member LLC.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company’s segment structure reflects how management currently operates and allocates resources. The Company’s businesses are segregated based on conventional power generation and renewable businesses, which consist of solar, wind and battery energy storage system, or BESS, facilities. The Corporate segment reflects the Company’s corporate costs and includes eliminating entries. The Company’s chief operating decision maker, its Chief Executive Officer, evaluates the performance of its segments based on net income (loss). Three months ended September 30, 2024 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 102 $ 384 $ — $ 486 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 41 95 (1) 135 Depreciation, amortization and accretion 29 135 — 164 General and administrative — — 9 9 Operating income (loss) 32 154 (8) 178 Equity in earnings of unconsolidated affiliates 1 12 — 13 Other income, net 1 6 1 8 Interest expense (9) (106) (24) (139) Net Income (Loss) $ 25 $ 66 $ (31) $ 60 Total Assets $ 1,976 $ 12,164 $ 101 $ 14,241 (a) Includes eliminations. Three months ended September 30, 2023 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 132 $ 239 $ — $ 371 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 54 80 — 134 Depreciation, amortization and accretion 33 100 — 133 General and administrative — — 8 8 Transaction and integration costs — — 1 1 Operating income (loss) 45 59 (9) 95 Equity in earnings of unconsolidated affiliates — 11 — 11 Other income, net 1 8 6 15 Interest expense (8) (16) (24) (48) Net Income (Loss) $ 38 $ 62 $ (27) $ 73 (a) Includes eliminations. Nine months ended September 30, 2024 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 266 $ 849 $ — $ 1,115 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 109 271 (2) 378 Depreciation, amortization and accretion 88 383 — 471 General and administrative — — 28 28 Transaction and integration costs — — 4 4 Operating income (loss) 69 195 (30) 234 Equity in earnings of unconsolidated affiliates 2 31 — 33 Other income, net 4 23 9 36 Loss on debt extinguishment — (3) — (3) Interest expense (25) (186) (73) (284) Net Income (Loss) $ 50 $ 60 $ (94) $ 16 (a) Includes eliminations. Nine months ended September 30, 2023 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 342 $ 723 $ — $ 1,065 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 123 238 (1) 360 Depreciation, amortization and accretion 98 291 — 389 General and administrative — — 27 27 Transaction and integration costs — — 3 3 Operating income (loss) 121 194 (29) 286 Equity in earnings of unconsolidated affiliates 2 9 — 11 Other income, net 3 12 17 32 Interest expense (27) (103) (72) (202) Net Income (Loss) $ 99 $ 112 $ (84) $ 127 (a) Includes eliminations.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions In addition to the transactions and relationships described elsewhere in the notes to the consolidated financial statements, certain subsidiaries of CEG provide services to the Company and its subsidiaries. Amounts due to CEG subsidiaries are recorded as accounts payable — affiliates and amounts due to the Company from CEG subsidiaries are recorded as accounts receivable — affiliates in the Company’s consolidated balance sheets. The disclosures below summarize the Company’s material related party transactions with CEG and its subsidiaries that are included in the Company’s operating costs. O&M Services Agreements by and between the Company and Clearway Renewable Operation & Maintenance LLC Various subsidiaries of the Company in the Renewables segment are party to services agreements with Clearway Renewable Operation & Maintenance LLC, or RENOM, a wholly-owned subsidiary of CEG, which provides operation and maintenance, or O&M, services to these subsidiaries. The Company incurred total expenses for these services of $22 million and $18 million for the three months ended September 30, 2024 and 2023, respectively. The Company incurred total expenses for these services of $59 million and $54 million for the nine months ended September 30, 2024 and 2023, respectively. There was a balance of $10 million and $13 million due to RENOM as of September 30, 2024 and December 31, 2023, respectively. Administrative Services Agreements by and between the Company and CEG Various subsidiaries of the Company are parties to services agreements with Clearway Asset Services LLC and Solar Asset Management LLC, two wholly-owned subsidiaries of CEG, which provide various administrative services to the Company's subsidiaries. The Company incurred expenses under these agreements of $5 million for each of the three months ended September 30, 2024 and 2023. The Company incurred expenses under these agreements of $17 million and $15 million for the nine months ended September 30, 2024 and 2023, respectively. There was a balance of $3 million and $2 million due to CEG as of September 30, 2024 and December 31, 2023, respectively. CEG Master Services Agreement The Company is a party to the CEG Master Services Agreement, pursuant to which CEG and certain of its affiliates or third-party service providers provide certain services to the Company, including operational and administrative services, which include human resources, information systems, cybersecurity, external affairs, accounting, procurement and risk management services, and the Company provides certain services to CEG, including accounting, internal audit, tax and treasury services, in exchange for the payment of fees in respect of such services. The Company incurred net expenses under these agreements of $1 million for each of the three months ended September 30, 2024 and 2023. The Company incurred net expenses under these agreements of $4 million for each of the nine months ended September 30, 2024 and 2023. On April 30, 2024, the CEG Master Services Agreement was amended and restated as a result of a reorganization effected by the Company pursuant to which all of the employees and operations of the Company will transfer to CEG as of January 1, 2025. Under the amended and restated agreement, CEG and certain of its affiliates or third-party service providers will continue to provide the operational and administrative services outlined above, and, effective January 1, 2025, CEG will also provide accounting, internal audit, tax, legal and treasury services, in exchange for payment of fees in respect of such services. Certain independent functions will be directed by the Company’s Governance, Conflicts and Nominating Committee and paid for by the Company, while being administered by CEG.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 118	$ 105	$ 199	$ 189

Insider Trading Arrangements

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

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the SEC’s regulations for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The following notes should be read in conjunction with the accounting policies and other disclosures as set forth in the notes to the consolidated financial statements included in the Company’s 2023 Form 10-K. Interim results are not necessarily indicative of results for a full year.
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 facilities that are restricted in their use.
Concentration of Credit Risk	Concentration of Credit Risk In addition to the credit risk discussion as disclosed under Item 15 — Note 2, Summary of Significant Accounting Policies , to the consolidated financial statements included in the Company’s 2023 Form 10-K, the following item is a discussion of the concentration of credit risk for the Company’s financial instruments. Credit risk relates to the risk of loss resulting from non-performance or non-payment by counterparties pursuant to the terms of their contractual obligations. The Company monitors and manages credit risk through credit policies that include: (i) an established credit approval process; (ii) monitoring of counterparties’ credit limits on an as needed basis; (iii) as applicable, the use of credit mitigation measures such as margin, collateral, prepayment arrangements, or volumetric limits; (iv) the use of payment netting agreements; and (v) the use of master netting agreements that allow for the netting of positive and negative exposures of various contracts associated with a single counterparty. Risks surrounding counterparty performance and credit could ultimately impact the amount and timing of expected cash flows. The Company seeks to mitigate counterparty risk by having a diversified portfolio of counterparties. Counterparty credit exposure includes credit risk exposure under certain long-term agreements, including solar and other PPAs. As external sources or observable market quotes are not available to estimate such exposure, the Company estimates the exposure related to these contracts based on various techniques including, but not limited to, internal models based on a fundamental analysis of the market and extrapolation of observable market data with similar characteristics. A significant portion of these energy-related commodity contracts are with utilities with strong credit quality and public utility commission or other regulatory support. However, such regulated utility counterparties can be impacted by changes in government regulations or adverse financial conditions, which the Company is unable to predict. Certain subsidiaries of the Company sell the output of their facilities to PG&E, a significant counterparty of the Company, under long-term PPAs, and PG&E’s credit rating is below investment-grade.

Nature of Business (Tables)

Nature of Business (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Company Organization Chart	The following table represents a summarized structure of the Company as of September 30, 2024:

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows: September 30, 2024 December 31, 2023 (In millions) Cash and cash equivalents $ 292 $ 535 Restricted cash 382 516 Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 674 $ 1,051
Schedule of Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows: September 30, 2024 December 31, 2023 (In millions) Cash and cash equivalents $ 292 $ 535 Restricted cash 382 516 Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 674 $ 1,051
Schedule of Supplemental Cash Flow Information	The following table provides a disaggregation of the amounts classified as Acquisition of Drop Down Assets, net of cash acquired, shown in the consolidated statements of cash flows: Nine months ended September 30, 2024 2023 (In millions) Cash paid to acquire Drop Down Assets $ (673) $ (34) Cash acquired from the acquisition of Drop Down Assets 2 134 Acquisition of Drop Down Assets, net of cash acquired $ (671) $ 100
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: September 30, 2024 December 31, 2023 (In millions) Property, Plant and Equipment Accumulated Depreciation $ 3,938 $ 3,485 Intangible Assets Accumulated Amortization 1,147 1,009
Schedule 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 nine months ended September 30, 2024: Third Quarter 2024 Second Quarter 2024 First Quarter 2024 Distributions per Class A, B, C and D unit $ 0.4171 $ 0.4102 $ 0.4033
Schedule of Disaggregation of Revenue	The following tables represent the Company’s disaggregation of revenue from contracts with customers along with the reportable segment for each category: Three months ended September 30, 2024 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 35 $ 315 $ 350 Capacity revenue (a) 65 22 87 Other revenues 3 20 23 Contract amortization (5) (41) (46) Mark-to-market for economic hedges 4 68 72 Total operating revenues 102 384 486 Less: Contract amortization 5 41 46 Less: Mark-to-market for economic hedges (4) (68) (72) Less: Lease revenue (27) (247) (274) Total revenue from contracts with customers $ 76 $ 110 $ 186 (a) The following amounts of energy and capacity revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 1 $ 234 $ 235 Capacity revenue 26 13 39 Total $ 27 $ 247 $ 274 Three months ended September 30, 2023 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 57 $ 280 $ 337 Capacity revenue (a) 74 5 79 Other revenues 3 17 20 Contract amortization (5) (42) (47) Mark-to-market for economic hedges 3 (21) (18) Total operating revenues 132 239 371 Less: Contract amortization 5 42 47 Less: Mark-to-market for economic hedges (3) 21 18 Less: Lease revenue (41) (233) (274) Total revenue from contracts with customers $ 93 $ 69 $ 162 (a) The following amounts of energy and capacity revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 2 $ 228 $ 230 Capacity revenue 39 5 44 Total $ 41 $ 233 $ 274 Nine months ended September 30, 2024 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 67 $ 870 $ 937 Capacity revenue (a) 195 44 239 Other revenues 6 63 69 Contract amortization (14) (124) (138) Mark-to-market for economic hedges 12 (4) 8 Total operating revenue 266 849 1,115 Less: Contract amortization 14 124 138 Less: Mark-to-market for economic hedges (12) 4 (8) Less: Lease revenue (84) (691) (775) Total revenue from contracts with customers $ 184 $ 286 $ 470 (a) The following amounts of energy and capacity revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 2 $ 661 $ 663 Capacity revenue 82 30 112 Total $ 84 $ 691 $ 775 Nine months ended September 30, 2023 (In millions) Conventional Generation Renewables Total Energy revenue (a) $ 61 $ 753 $ 814 Capacity revenue (a) 270 15 285 Other revenues (a) 24 56 80 Contract amortization (16) (125) (141) Mark-to-market for economic hedges 3 24 27 Total operating revenue 342 723 1,065 Less: Contract amortization 16 125 141 Less: Mark-to-market for economic hedges (3) (24) (27) Less: Lease revenue (246) (626) (872) Total revenue from contracts with customers $ 109 $ 198 $ 307 (a) The following amounts of energy, capacity and other revenues relate to leases and are accounted for under ASC 842: (In millions) Conventional Generation Renewables Total Energy revenue $ 4 $ 613 $ 617 Capacity revenue 221 13 234 Other revenues (b) 21 — 21 Total $ 246 $ 626 $ 872
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: September 30, 2024 December 31, 2023 (In millions) Accounts receivable, net - Contracts with customers $ 79 $ 66 Accounts receivable, net - Leases 120 105 Total accounts receivable, net $ 199 $ 171

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Asset Acquisition	The following is a summary of assets and liabilities transferred in connection with the acquisition as of April 16, 2024: (In millions) Cedar Creek Restricted cash $ 1 Property, plant and equipment 311 Right-of-use assets, net 6 Derivative assets 14 Other current and non-current assets 14 Total assets acquired 346 Long-term debt (a) 309 Long-term lease liabilities 7 Other current and non-current liabilities 13 Total liabilities assumed 329 Net assets acquired $ 17 (a) Includes a $112 million construction loan, a $91 million cash equity bridge loan, and a $109 million tax equity bridge loan, offset by $3 million in unamortized debt issuance costs. See Note 7, Long-term Debt, for further discussion of the long-term debt assumed in the acquisition. The following is a summary of assets and liabilities transferred in connection with the acquisition as of March 15, 2024: (In millions) Texas Solar Nova 2 Restricted cash $ 1 Property, plant and equipment 280 Right-of-use assets, net 21 Derivative assets 6 Other current and non-current assets 4 Total assets acquired 312 Long-term debt (a) 194 Long-term lease liabilities 19 Other current and non-current liabilities 27 Total liabilities assumed 240 Net assets acquired $ 72 (a) Includes an $80 million term loan and a $115 million tax equity bridge loan, offset by $1 million in unamortized debt issuance costs. See Note 7, Long-term Debt, for further discussion of the long-term debt assumed in the acquisition.

Investments Accounted for by _2

Investments Accounted for by the Equity Method and Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Maximum Loss Exposure in Equity Method Investments	The following table reflects the Company’s equity investments in unconsolidated affiliates as of September 30, 2024: Name Economic Interest Investment Balance (a) (In millions) Avenal 50% $ 8 Desert Sunlight 25% 227 Elkhorn Ridge 66.7% 9 GenConn (b) 50% 75 San Juan Mesa 75% 3 $ 322 (a) The Company’s maximum exposure to loss is limited to its investment balances. (b) GenConn is a VIE.
Schedule of Variable Interest Entities	Summarized financial information for the Company’s consolidated VIEs consisted of the following as of September 30, 2024: (In millions) Buckthorn Holdings, LLC Cedar Creek TE Holdco LLC Daggett Renewable Holdco LLC (a) DGPV Funds (b) Lighthouse Renewable Holdco LLC (c) Lighthouse Renewable Holdco 2 LLC (d) Other current and non-current assets $ 5 $ 35 $ 220 $ 59 $ 61 $ 139 Property, plant and equipment 179 308 1,353 366 398 1,311 Intangible assets — — — 1 — 2 Total assets 184 343 1,573 426 459 1,452 Current and non-current liabilities 12 119 648 50 136 547 Total liabilities 12 119 648 50 136 547 Noncontrolling interest 8 102 927 12 244 682 Net assets less noncontrolling interest $ 164 $ 122 $ (2) $ 364 $ 79 $ 223 (a) Daggett Renewable Holdco LLC consolidates Daggett TE Holdco LLC and Daggett 2 TE Holdco LLC, which are consolidated VIEs. (b) DGPV Funds is comprised of Clearway & EFS Distributed Solar LLC, Golden Puma Fund LLC, Renew Solar CS4 Fund LLC and Chestnut Fund LLC, which are all tax equity funds. (c) Lighthouse Renewable Holdco LLC consolidates Black Rock TE Holdco LLC and Mililani TE Holdco LLC, which are consolidated VIEs. (d) Lighthouse Renewable Holdco 2 LLC consolidates Mesquite Sky TE Holdco LLC, Mesquite Star Tax Equity Holdco LLC and TSN1 TE Holdco LLC, which are consolidated VIEs. (In millions) Oahu Solar LLC Rattlesnake TE Holdco LLC Rosie TargetCo LLC VP-Arica TargetCo LLC (a) Wildorado TE Holdco LLC Other (b) Other current and non-current assets $ 38 $ 14 $ 55 $ 69 $ 25 $ 44 Property, plant and equipment 151 168 535 996 182 332 Intangible assets — — — 2 — 14 Total assets 189 182 590 1,067 207 390 Current and non-current liabilities 22 16 222 40 20 149 Total liabilities 22 16 222 40 20 149 Noncontrolling interest 21 77 281 345 86 141 Net assets less noncontrolling interest $ 146 $ 89 $ 87 $ 682 $ 101 $ 100 (a) VP-Arica TargetCo LLC consolidates VP-Arica TE Holdco LLC, a consolidated VIE that owns the Victory Pass and Arica solar and BESS facilities. (b) Other is comprised of Elbow Creek TE Holdco LLC, Langford TE Partnership LLC, Pinnacle Repowering TE Holdco LLC and the Spring Canyon facilities.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Estimated Carrying Values and Fair Values	The carrying amount and estimated fair value of the Company’s recorded financial instrument not carried at fair market value or that does not approximate fair value is as follows: As of September 30, 2024 As of December 31, 2023 Carrying Amount Fair Value Carrying Amount Fair Value (In millions) Long-term debt, including current portion — affiliate $ — $ — $ 1 $ 1 Long-term debt, including current portion — external (a) 7,201 6,897 8,102 7,611 (a) Excludes net debt issuance costs, which are recorded as a reduction to long-term debt on the Company’s consolidated balance sheets.
Schedule of Fair Value Option, Disclosures	The following table presents the level within the fair value hierarchy for long-term debt, including current portion: As of September 30, 2024 As of December 31, 2023 Level 2 Level 3 Level 2 Level 3 (In millions) Long-term debt, including current portion $ 2,002 $ 4,895 $ 1,940 $ 5,672
Schedule of Fair Value, Assets and Liabilities	The following table presents assets and liabilities measured and recorded at fair value on the Company’s consolidated balance sheets on a recurring basis and their level within the fair value hierarchy: As of September 30, 2024 As of December 31, 2023 Fair Value (a) Fair Value (a) (In millions) Level 2 (b) Level 3 Level 2 (b) Level 3 Derivative assets: Energy-related commodity contracts (c) $ — $ 7 $ 2 $ — Interest rate contracts 97 — 121 — Other financial instruments (d) — 10 — 13 Total assets $ 97 $ 17 $ 123 $ 13 Derivative liabilities: Energy-related commodity contracts (e) $ 1 $ 326 $ — $ 330 Interest rate contracts 3 — 2 — Total liabilities $ 4 $ 326 $ 2 $ 330 (a) There were no derivative assets or liabilities classified as Level 1 as of September 30, 2024 and December 31, 2023. (b) The Company’s interest rate swaps are measured at fair value using an income approach, which uses readily observable inputs, such as forward interest rates (e.g., SOFR) and contractual terms to estimate fair value. (c) Includes long-term backbone transportation service contracts classified as Level 2 and short-term heat rate call option contracts classified as Level 3. (d) Includes SREC contract. (e) Includes long-term backbone transportation contracts classified as Level 2 and long-term power commodity contracts and short-term heat rate call option contracts classified as Level 3. As of September 30, 2024 and December 31, 2023, Level 3 amounts include $326 million and $325 million related to long-term power commodity contracts and zero and $5 million related to short-term heat rate call option contracts, respectively. The following table reconciles the beginning and ending balances for instruments that are recognized at fair value in the consolidated financial statements using significant unobservable inputs: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 (In millions) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Beginning balance $ (381) $ (291) $ (317) $ (336) Settlements 6 21 — 30 Total gains (losses) for the period included in earnings 66 (39) 8 (3) Ending balance $ (309) $ (309) $ (309) $ (309) Change in unrealized gains included in earnings for derivatives and other financial instruments held as of September 30, 2024 $ 66 $ 8
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: September 30, 2024 Fair Value Input/Range Assets Liabilities Valuation Technique Significant Unobservable Input Low High Weighted Average (In millions) Long-term Power Commodity Contracts $ — $ 326 Discounted Cash Flow Forward Market Price (per MWh) $ 19.67 $ 69.48 $ 41.94 Heat Rate Call Option Commodity Contracts 7 — Option Model Forward Market Price (per MWh) $ (33.90) $ 1,083.78 $ 56.23 Option Model Forward Market Price (per MMBtu) $ 2.31 $ 12.52 $ 5.73 Other Financial Instruments 10 — Discounted Cash Flow Forecast annual generation levels of certain DG solar facilities 59,425 MWh 118,850 MWh 111,091 MWh The following table provides the impact on the fair value measurements to increases/(decreases) in significant unobservable inputs as of September 30, 2024: Type Significant Unobservable Input Position Change In Input Impact on Fair Value Measurement Energy-Related Commodity Contracts Forward Market Price Power Sell Increase/(Decrease) Lower/(Higher) Energy-Related Commodity Contracts Forward Market Price Gas Sell Increase/(Decrease) Higher/(Lower) Other Financial Instruments Forecast Generation Levels Sell Increase/(Decrease) Higher/(Lower)

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding	The following table summarizes the net notional volume buy/(sell) of the Company’s open derivative transactions broken out by commodity: Total Volume September 30, 2024 December 31, 2023 Commodity Units (In millions) Power MWh (18) (23) Natural Gas MMBtu 13 17 Interest Dollars $ 1,711 $ 2,467
Schedule of 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 September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 (In millions) Derivatives Designated as Cash Flow Hedges: Interest rate contracts current $ 4 $ 7 $ — $ — Interest rate contracts long-term 10 12 2 2 Total Derivatives Designated as Cash Flow Hedges $ 14 $ 19 $ 2 $ 2 Derivatives Not Designated as Cash Flow Hedges: Interest rate contracts current $ 23 $ 33 $ — $ — Interest rate contracts long-term 60 69 1 — Energy-related commodity contracts current 7 1 51 51 Energy-related commodity contracts long-term — 1 276 279 Total Derivatives Not Designated as Cash Flow Hedges $ 90 $ 104 $ 328 $ 330 Total Derivatives $ 104 $ 123 $ 330 $ 332
Schedule of Offsetting of Derivatives	The following tables summarize the offsetting of derivatives by counterparty: Gross Amounts Not Offset in the Statement of Financial Position As of September 30, 2024 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Energy-related commodity contracts (In millions) Derivative assets $ 7 $ — $ 7 Derivative liabilities (327) — (327) Total energy-related commodity contracts $ (320) $ — $ (320) Interest rate contracts Derivative assets $ 97 $ (2) $ 95 Derivative liabilities (3) 2 (1) Total interest rate contracts $ 94 $ — $ 94 Total derivative instruments $ (226) $ — $ (226) Gross Amounts Not Offset in the Statement of Financial Position As of December 31, 2023 Gross Amounts of Recognized Assets/Liabilities Derivative Instruments Net Amount Energy-related commodity contracts (In millions) Derivative assets $ 2 $ — $ 2 Derivative liabilities (330) — (330) Total energy-related commodity contracts $ (328) $ — $ (328) Interest rate contracts Derivative assets $ 121 $ (2) $ 119 Derivative liabilities (2) 2 — Total interest rate contracts $ 119 $ — $ 119 Total derivative instruments $ (209) $ — $ (209)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following table summarizes the effects on the Company’s accumulated OCI balance attributable to interest rate swaps designated as cash flow hedge derivatives: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 (In millions) Accumulated OCI beginning balance $ 20 $ 27 $ 20 $ 27 Reclassified from accumulated OCI to income due to realization of previously deferred amounts (2) (2) (4) (3) Mark-to-market of cash flow hedge accounting contracts (13) 11 (11) 12 Accumulated OCI ending balance 5 36 5 36 Accumulated OCI attributable to noncontrolling interests 3 10 3 10 Accumulated OCI attributable to Clearway Energy LLC $ 2 $ 26 $ 2 $ 26 Gains expected to be realized from OCI during the next 12 months $ 3 $ 3
Schedule of Derivative Instruments, Gain (Loss)	Mark-to-market gains/(losses) related to the Company’s derivatives are recorded in the consolidated statements of income as follows: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 (In millions) Interest Rate Contracts (Interest expense) $ (57) $ 33 $ (33) $ 34 Energy-Related Commodity Contracts (Mark-to-market for economic hedging activities included in Total operating revenues) (a) 72 (22) 11 28 Energy-Related Commodity Contracts (Mark-to-market for economic hedging activities included in Cost of operations) (b) — 3 (3) 3 (a) Relates to long-term energy related commodity contracts at Elbow Creek, Mesquite Star, Mt. Storm, Langford and Mesquite Sky and short-term heat rate call option energy-related commodity contracts at El Segundo, Marsh Landing and Walnut Creek. (b)

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2024
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 2023 Form 10-K. The Company’s borrowings, including short-term and long-term portions, consisted of the following: (In millions, except rates) September 30, 2024 December 31, 2023 September 30, 2024 interest rate % (a) Letters of Credit Outstanding at September 30, 2024 Intercompany Note with Clearway, Inc. $ — $ 1 2028 Senior Notes 850 850 4.750 2031 Senior Notes 925 925 3.750 2032 Senior Notes 350 350 3.750 Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 (b) — — S+1.500 $ 108 Non-recourse facility-level debt: Agua Caliente Solar LLC, due 2037 591 612 2.395-3.633 14 Alta Wind Asset Management LLC, due 2031 10 11 S+2.775 — Alta Wind I-V lease financing arrangements, due 2034 and 2035 629 660 5.696-7.015 67 Alta Wind Realty Investments LLC, due 2031 18 20 7.000 — Borrego, due 2024 and 2038 46 48 Various 4 Broken Bow, due 2031 38 41 S+2.350 6 Buckthorn Solar, due 2025 113 116 S+2.100 21 Carlsbad Energy Holdings LLC, due 2027 76 93 S+1.900 68 Carlsbad Energy Holdings LLC, due 2038 407 407 4.120 — Carlsbad Holdco, LLC, due 2038 195 195 4.210 6 Cedar Creek, due 2029 109 — S+1.625 19 Cedro Hill, due 2024 and 2029 186 165 S+1.250-1.375 — Crofton Bluffs, due 2031 25 27 S+2.350 3 CVSR, due 2037 573 601 2.339-3.775 12 CVSR Holdco Notes, due 2037 143 152 4.680 — Daggett 2, due 2028 155 156 S+1.762 32 Daggett 3, due 2028 217 217 S+1.762 44 DG-CS Master Borrower LLC, due 2040 356 385 3.510 30 Mililani Class B Member Holdco LLC, due 2028 90 92 S+1.600 18 Natural Gas Holdco LC Facility, due 2027 — — S+1.750 107 NIMH Solar, due 2031 and 2033 130 148 S+2.000-2.125 17 Oahu Solar Holdings LLC, due 2026 79 81 S+1.525 10 Rosie Class B LLC, due 2029 192 347 S+1.750 31 Texas Solar Nova 1, due 2028 (c) — 102 — TSN1 Class B Member LLC, due 2029 (c) 179 — S+1.750 54 Utah Solar Holdings, due 2036 238 242 3.590 161 Viento Funding II, LLC, due 2029 164 175 S+1.475 29 Victory Pass and Arica, due 2024 — 757 — Other 115 124 Various 76 Subtotal non-recourse facility-level debt 5,074 5,974 Total debt 7,199 8,100 Less current maturities (412) (559) Less net debt issuance costs (57) (65) Add premiums (d) 2 3 Total long-term debt $ 6,732 $ 7,479 (a) As of September 30, 2024, S+ equals SOFR plus x%. (b) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement, and only applies to outstanding borrowings. (c) On March 15, 2024, Texas Solar Nova 1’s financing agreement was amended to merge the facility-level debt of Texas Solar Nova 1 and Texas Solar Nova 2 as a combined term loan under TSN1 Class B Member LLC. (d) Premiums relate to the 2028 Senior Notes.

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Three months ended September 30, 2024 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 102 $ 384 $ — $ 486 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 41 95 (1) 135 Depreciation, amortization and accretion 29 135 — 164 General and administrative — — 9 9 Operating income (loss) 32 154 (8) 178 Equity in earnings of unconsolidated affiliates 1 12 — 13 Other income, net 1 6 1 8 Interest expense (9) (106) (24) (139) Net Income (Loss) $ 25 $ 66 $ (31) $ 60 Total Assets $ 1,976 $ 12,164 $ 101 $ 14,241 (a) Includes eliminations. Three months ended September 30, 2023 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 132 $ 239 $ — $ 371 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 54 80 — 134 Depreciation, amortization and accretion 33 100 — 133 General and administrative — — 8 8 Transaction and integration costs — — 1 1 Operating income (loss) 45 59 (9) 95 Equity in earnings of unconsolidated affiliates — 11 — 11 Other income, net 1 8 6 15 Interest expense (8) (16) (24) (48) Net Income (Loss) $ 38 $ 62 $ (27) $ 73 (a) Includes eliminations. Nine months ended September 30, 2024 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 266 $ 849 $ — $ 1,115 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 109 271 (2) 378 Depreciation, amortization and accretion 88 383 — 471 General and administrative — — 28 28 Transaction and integration costs — — 4 4 Operating income (loss) 69 195 (30) 234 Equity in earnings of unconsolidated affiliates 2 31 — 33 Other income, net 4 23 9 36 Loss on debt extinguishment — (3) — (3) Interest expense (25) (186) (73) (284) Net Income (Loss) $ 50 $ 60 $ (94) $ 16 (a) Includes eliminations. Nine months ended September 30, 2023 (In millions) Conventional Generation Renewables Corporate (a) Total Operating revenues $ 342 $ 723 $ — $ 1,065 Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 123 238 (1) 360 Depreciation, amortization and accretion 98 291 — 389 General and administrative — — 27 27 Transaction and integration costs — — 3 3 Operating income (loss) 121 194 (29) 286 Equity in earnings of unconsolidated affiliates 2 9 — 11 Other income, net 3 12 17 32 Interest expense (27) (103) (72) (202) Net Income (Loss) $ 99 $ 112 $ (84) $ 127 (a) Includes eliminations.

Nature of Business (Details)

Nature of Business (Details) - MW		9 Months Ended
	Oct. 01, 2024	Sep. 30, 2024
Nature of Business [Line Items]
Power generation capacity, megawatts (over)		9,000
Conventional Generation, Utility-Scale Solar, Distributed Solar, and Wind
Nature of Business [Line Items]
Power generation capacity, megawatts (over)		6,500
Generational Facilities and District Energy Systems
Nature of Business [Line Items]
Power generation capacity, megawatts (over)		2,500
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%
GIM | Black Rock | Subsequent Event
Nature of Business [Line Items]
Ownership interest (as a percentage)	100%
Clearway Energy LLC | Clearway Energy, Inc.
Nature of Business [Line Items]
Ownership interest (as a percentage)		58.10%
CEG | Clearway Energy LLC
Nature of Business [Line Items]
Ownership interest (as a percentage)		41.90%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Oct. 29, 2024	Sep. 30, 2024	Dec. 31, 2023
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents, held at project subsidiaries		$ 202	$ 125
Restricted cash		382	$ 516
Common Class A | Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution made to limited liability (LLC) member, distributions declared, per unit (in dollars per share)	$ 0.4240
Common Class B | Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution made to limited liability (LLC) member, distributions declared, per unit (in dollars per share)	0.4240
Common Class C | Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution made to limited liability (LLC) member, distributions declared, per unit (in dollars per share)	0.4240
Common Class D | Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution made to limited liability (LLC) member, distributions declared, per unit (in dollars per share)	$ 0.4240
Long Term Debt Current
Cash and Cash Equivalents [Line Items]
Restricted cash		71
Debt Service Obligations
Cash and Cash Equivalents [Line Items]
Restricted cash		89
Cash Distribution
Cash and Cash Equivalents [Line Items]
Restricted cash		39
Operating Funds
Cash and Cash Equivalents [Line Items]
Restricted cash		$ 183

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash and cash equivalents	$ 292	$ 535
Restricted cash	382	516
Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$ 674	$ 1,051	$ 1,156	$ 996

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Supplemental Cash Flow Information (Details) - Drop Down - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Summary of Significant Accounting Policies [Line Items]
Cash paid to acquire Drop Down Assets	$ (673)	$ (34)
Cash acquired from the acquisition of Drop Down Assets	2	134
Acquisition of Drop Down Assets, net of cash acquired	$ (671)	$ 100

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Accumulated Depreciation and Amortization (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Property, Plant and Equipment Accumulated Depreciation	$ 3,938	$ 3,485
Intangible Assets Accumulated Amortization	$ 1,147	$ 1,009

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Schedule of Distributions made to Limited Liability Company (LLC) Member, by Distribution (Details) - $ / shares	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024
Common Class A
Class of Stock [Line Items]
Distributions per Class A, B, C and D unit (in dollars per share)	$ 0.4171	$ 0.4102	$ 0.4033
Common Class B
Class of Stock [Line Items]
Distributions per Class A, B, C and D unit (in dollars per share)	0.4171	0.4102	0.4033
Common Class C
Class of Stock [Line Items]
Distributions per Class A, B, C and D unit (in dollars per share)	0.4171	0.4102	0.4033
Common Class D
Class of Stock [Line Items]
Distributions per Class A, B, C and D unit (in dollars per share)	$ 0.4171	$ 0.4102	$ 0.4033

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 486	$ 371	$ 1,115	$ 1,065
Total operating revenues	$ 486	$ 371	$ 1,115	$ 1,065
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Total operating revenues	Total operating revenues	Total operating revenues	Total operating revenues
Operating Segments
Disaggregation of Revenue [Line Items]
Revenues	$ 486	$ 371	$ 1,115	$ 1,065
Contract amortization	(46)	(47)	(138)	(141)
Mark-to-market for economic hedges	72	(18)	8	27
Total operating revenues	486	371	1,115	1,065
Less: Contract amortization	46	47	138	141
Less: Mark-to-market for economic hedges	(72)	18	(8)	(27)
Less: Lease revenue	(274)	(274)	(775)	(872)
Total revenue from contracts with customers	186	162	470	307
Lease income	274	274	775	872
Operating Segments | Energy revenue
Disaggregation of Revenue [Line Items]
Revenues	350	337	937	814
Total operating revenues	350	337	937	814
Less: Lease revenue	(235)	(230)	(663)	(617)
Lease income	235	230	663	617
Operating Segments | Capacity revenue
Disaggregation of Revenue [Line Items]
Revenues	87	79	239	285
Total operating revenues	87	79	239	285
Less: Lease revenue	(39)	(44)	(112)	(234)
Lease income	39	44	112	234
Operating Segments | Other revenue
Disaggregation of Revenue [Line Items]
Revenues	23	20	69	80
Total operating revenues	23	20	69	80
Less: Lease revenue				(21)
Lease income				21
Operating Segments | Conventional Generation
Disaggregation of Revenue [Line Items]
Revenues	102	132	266	342
Contract amortization	(5)	(5)	(14)	(16)
Mark-to-market for economic hedges	4	3	12	3
Total operating revenues	102	132	266	342
Less: Contract amortization	5	5	14	16
Less: Mark-to-market for economic hedges	(4)	(3)	(12)	(3)
Less: Lease revenue	(27)	(41)	(84)	(246)
Total revenue from contracts with customers	76	93	184	109
Lease income	27	41	84	246
Operating Segments | Conventional Generation | Energy revenue
Disaggregation of Revenue [Line Items]
Revenues	35	57	67	61
Total operating revenues	35	57	67	61
Less: Lease revenue	(1)	(2)	(2)	(4)
Lease income	1	2	2	4
Operating Segments | Conventional Generation | Capacity revenue
Disaggregation of Revenue [Line Items]
Revenues	65	74	195	270
Total operating revenues	65	74	195	270
Less: Lease revenue	(26)	(39)	(82)	(221)
Lease income	26	39	82	221
Operating Segments | Conventional Generation | Other revenue
Disaggregation of Revenue [Line Items]
Revenues	3	3	6	24
Total operating revenues	3	3	6	24
Less: Lease revenue				(21)
Lease income				21
Operating Segments | Renewables
Disaggregation of Revenue [Line Items]
Revenues	384	239	849	723
Contract amortization	(41)	(42)	(124)	(125)
Mark-to-market for economic hedges	68	(21)	(4)	24
Total operating revenues	384	239	849	723
Less: Contract amortization	41	42	124	125
Less: Mark-to-market for economic hedges	(68)	21	4	(24)
Less: Lease revenue	(247)	(233)	(691)	(626)
Total revenue from contracts with customers	110	69	286	198
Lease income	247	233	691	626
Operating Segments | Renewables | Energy revenue
Disaggregation of Revenue [Line Items]
Revenues	315	280	870	753
Total operating revenues	315	280	870	753
Less: Lease revenue	(234)	(228)	(661)	(613)
Lease income	234	228	661	613
Operating Segments | Renewables | Capacity revenue
Disaggregation of Revenue [Line Items]
Revenues	22	5	44	15
Total operating revenues	22	5	44	15
Less: Lease revenue	(13)	(5)	(30)	(13)
Lease income	13	5	30	13
Operating Segments | Renewables | Other revenue
Disaggregation of Revenue [Line Items]
Revenues	20	17	63	56
Total operating revenues	$ 20	$ 17	$ 63	56
Less: Lease revenue				0
Lease income				$ 0

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Schedule of Contract with Customer, Asset and Liability (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Total accounts receivable, net	$ 199	$ 171
Accounts receivable, net - Contracts with customers
Disaggregation of Revenue [Line Items]
Total accounts receivable, net	79	66
Accounts receivable, net - Leases
Disaggregation of Revenue [Line Items]
Total accounts receivable, net	$ 120	$ 105

Acquisitions - Narrative (Detai

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

Acquisitions and Dispositions -

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

Investments Accounted for by _3

Investments Accounted for by the Equity Method and Variable Interest Entities - Schedule of Maximum Loss Exposure in Equity Method Investments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Equity investments in affiliates	$ 322	$ 360
Avenal
Schedule of Equity Method Investments [Line Items]
Economic Interest	50%
Equity investments in affiliates	$ 8
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	66.70%
Equity investments in affiliates	$ 9
GenConn
Schedule of Equity Method Investments [Line Items]
Economic Interest	50%
Equity investments in affiliates	$ 75
San Juan Mesa
Schedule of Equity Method Investments [Line Items]
Economic Interest	75%
Equity investments in affiliates	$ 3

Investments Accounted for by _4

Investments Accounted for by the Equity Method and Variable Interest Entities - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Jun. 13, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Equity investments in affiliates	$ 322		$ 360
Rosie Central BESS
Schedule of Equity Method Investments [Line Items]
Equity investments in affiliates		$ 28

Investments Accounted for by _5

Investments Accounted for by the Equity Method and Variable Interest Entities - Schedule of Variable Interest Entities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	$ 3,303	$ 3,615
Property, plant and equipment	9,895	9,526
Total Assets	14,241	14,688
Total liabilities	8,559	$ 9,582
Buckthorn Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	5
Property, plant and equipment	179
Intangible assets	0
Total Assets	184
Total liabilities	12
Noncontrolling interest	8
Net assets less noncontrolling interest	164
Cedar Creek TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	35
Property, plant and equipment	308
Intangible assets	0
Total Assets	343
Total liabilities	119
Noncontrolling interest	102
Net assets less noncontrolling interest	122
Daggett Renewable Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	220
Property, plant and equipment	1,353
Intangible assets	0
Total Assets	1,573
Total liabilities	648
Noncontrolling interest	927
Net assets less noncontrolling interest	(2)
DGPV Funds
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	59
Property, plant and equipment	366
Intangible assets	1
Total Assets	426
Total liabilities	50
Noncontrolling interest	12
Net assets less noncontrolling interest	364
Lighthouse Renewable Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	61
Property, plant and equipment	398
Intangible assets	0
Total Assets	459
Total liabilities	136
Noncontrolling interest	244
Net assets less noncontrolling interest	79
Lighthouse Renewable Holdco 2 LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	139
Property, plant and equipment	1,311
Intangible assets	2
Total Assets	1,452
Total liabilities	547
Noncontrolling interest	682
Net assets less noncontrolling interest	223
Oahu Solar LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	38
Property, plant and equipment	151
Intangible assets	0
Total Assets	189
Total liabilities	22
Noncontrolling interest	21
Net assets less noncontrolling interest	146
Rattlesnake TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	14
Property, plant and equipment	168
Intangible assets	0
Total Assets	182
Total liabilities	16
Noncontrolling interest	77
Net assets less noncontrolling interest	89
Rosie TargetCo LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	55
Property, plant and equipment	535
Intangible assets	0
Total Assets	590
Total liabilities	222
Noncontrolling interest	281
Net assets less noncontrolling interest	87
VP Arica TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	69
Property, plant and equipment	996
Intangible assets	2
Total Assets	1,067
Total liabilities	40
Noncontrolling interest	345
Net assets less noncontrolling interest	682
Wildorado TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	25
Property, plant and equipment	182
Intangible assets	0
Total Assets	207
Total liabilities	20
Noncontrolling interest	86
Net assets less noncontrolling interest	101
Other
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	44
Property, plant and equipment	332
Intangible assets	14
Total Assets	390
Total liabilities	149
Noncontrolling interest	141
Net assets less noncontrolling interest	$ 100

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of Balance Sheet Grouping (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — affiliate	$ 7,199	$ 8,100
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — affiliate	0	1
Long-term debt, including current portion — external	7,201	8,102
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — affiliate	0	1
Long-term debt, including current portion — external	6,897	7,611
Fair Value | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — external	2,002	1,940
Fair Value | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — external	$ 4,895	$ 5,672

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Schedule of Fair Value, Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	$ 104						$ 104		$ 123
Derivative Liabilities	330						$ 330		332
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 September 30, 2024	$ (15)	$ 1	$ (1)	$ 9	$ 4	$ (4)
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Derivative instruments			Derivative instruments			Derivative instruments	Derivative instruments
El Segundo, Marsh Landing and Walnut Creek Notes | Call Option
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of long term debt	$ 326						$ 326		325
Fair value of short term debt	0						0		5
Energy-related commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	7						7		2
Derivative Liabilities	327						327		330
Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	97						97		121
Derivative Liabilities	3						3		2
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 September 30, 2024	(57)			$ 33			(33)	$ 34
Fair Value, Recurring
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	(381)		$ (317)	(291)		$ (336)	(317)	(336)
Settlements	6			21			0	30
Total gains (losses) for the period included in earnings	66			(39)			8	(3)
Ending balance	(309)	$ (381)		(309)	$ (291)		(309)	(309)
Change in unrealized gains included in earnings for derivatives and other financial instruments held as of September 30, 2024	66						8
Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	97						97		123
Derivative Liabilities	4						4		2
Fair Value, Recurring | Level 2 | Energy-related commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	0						0		2
Derivative Liabilities	1						1		0
Fair Value, Recurring | Level 2 | Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	97						97		121
Derivative Liabilities	3						3		2
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 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	17						17		13
Derivative Liabilities	326						326		330
Fair Value, Recurring | Level 3 | Energy-related commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	7						7		0
Derivative Liabilities	326						326		330
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
Derivative Liabilities	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	$ 10						$ 10		$ 13

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Narrative (Details) $ in Millions	Sep. 30, 2024 USD ($)
Fair Value Disclosures [Abstract]
Percent of derivative assets using level 3 fair value inputs	7%
Percent of other financial instruments using level 3 fair value inputs	99%
Fair value assets, measured on recurring basis, valuation techniques, impact of credit reserve to fair value	$ 17

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Schedule of Fair Value Measurement Inputs and Valuation Techniques (Details) - Level 3 - Fair Value, Recurring $ in Millions	Sep. 30, 2024 USD ($) $ / MWh MWh $ / BTU
Low | Measurement Input, Commodity Forward Price | Valuation Technique, Option Pricing Model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset/liability measurement input | $ / BTU	2.31
High | Measurement Input, Commodity Forward Price | Valuation Technique, Option Pricing Model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset/liability measurement input | $ / BTU	12.52
Weighted Average | Measurement Input, Commodity Forward Price | Valuation Technique, Option Pricing Model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset/liability measurement input | $ / BTU	5.73
Long-term Power Commodity Contracts | Valuation Technique, Discounted Cash Flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets | $	$ 0
Liabilities | $	$ 326
Long-term Power 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 | $ / MWh	19.67
Long-term Power 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 | $ / MWh	69.48
Long-term Power 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 | $ / MWh	41.94
Heat Rate Call Option Commodity Contracts | Valuation Technique, Option Pricing Model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets | $	$ 7
Liabilities | $	$ 0
Heat Rate Call Option Commodity Contracts | Low | Measurement Input, Commodity Forward Price | Valuation Technique, Option Pricing Model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset/liability measurement input | $ / MWh	(33.90)
Heat Rate Call Option Commodity Contracts | High | Measurement Input, Commodity Forward Price | Valuation Technique, Option Pricing Model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset/liability measurement input | $ / MWh	1,083.78
Heat Rate Call Option Commodity Contracts | Weighted Average | Measurement Input, Commodity Forward Price | Valuation Technique, Option Pricing Model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset/liability measurement input | $ / MWh	56.23
Other Financial Instruments | Valuation Technique, Discounted Cash Flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets | $	$ 10
Liabilities | $	$ 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 | MWh	59,425
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 | MWh	118,850
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 | MWh	111,091

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Schedule of Notional Amounts of Outstanding (Details) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($) MWh BTU	Dec. 31, 2023 USD ($) MWh BTU
Long | Interest
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount | $	$ 1,711	$ 2,467
Heat Rate Call Option Commodity Contracts | Short | Power
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount, energy measure | MWh	18	23
Heat Rate Call Option Commodity Contracts | Short | Natural Gas
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount, energy measure | BTU	13	17

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Schedule of Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	$ 104	$ 123
Derivative Liabilities	330	332
Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	14	19
Derivative Liabilities	2	2
Designated as Hedging Instrument | Interest rate contracts current
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	4	7
Derivative Liabilities	0	0
Designated as Hedging Instrument | Interest rate contracts long-term
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	10	12
Derivative Liabilities	2	2
Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	90	104
Derivative Liabilities	328	330
Not Designated as Hedging Instrument | Interest rate contracts current
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	23	33
Derivative Liabilities	0	0
Not Designated as Hedging Instrument | Interest rate contracts long-term
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	60	69
Derivative Liabilities	1	0
Not Designated as Hedging Instrument | Energy-related commodity contracts current
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	7	1
Derivative Liabilities	51	51
Not Designated as Hedging Instrument | Energy-related commodity contracts long-term
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	0	1
Derivative Liabilities	$ 276	$ 279

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Schedule of Offsetting of Derivatives (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative assets, gross	$ 104	$ 123
Derivative liabilities, gross	(330)	(332)
Fair value of gross derivative assets/(liabilities), net	(226)	(209)
Derivative instruments	0	0
Net amount	(226)	(209)
Energy-related commodity contracts
Derivatives, Fair Value [Line Items]
Derivative assets, gross	7	2
Derivative instruments, assets	0	0
Net amount	7	2
Derivative liabilities, gross	(327)	(330)
Derivative instruments, liabilities	0	0
Derivative liability, Net Amount	(327)	(330)
Fair value of gross derivative assets/(liabilities), net	(320)	(328)
Derivative instruments	0	0
Net amount	(320)	(328)
Interest rate contracts
Derivatives, Fair Value [Line Items]
Derivative assets, gross	97	121
Derivative instruments, assets	(2)	(2)
Net amount	95	119
Derivative liabilities, gross	(3)	(2)
Derivative instruments, liabilities	2	2
Derivative liability, Net Amount	(1)	0
Fair value of gross derivative assets/(liabilities), net	94	119
Derivative instruments	0	0
Net amount	$ 94	$ 119

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Schedule of Cash Flow Hedges Included in AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Mark-to-market of cash flow hedge accounting contracts	$ (15)	$ 9	$ (15)	$ 9
Accumulated other comprehensive income	2		2		$ 15
Gains expected to be realized from OCI during the next 12 months	3		3
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated OCI beginning balance	20	27	20	27
Accumulated OCI ending balance	5	36	5	36
Accumulated Foreign Currency Adjustment Including Portion Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassified from accumulated OCI to income due to realization of previously deferred amounts	(2)	(2)	(4)	(3)
Mark-to-market of cash flow hedge accounting contracts	(13)	11	(11)	12
Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated other comprehensive income	3	10	3	10
Accumulated Other Comprehensive Income
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated other comprehensive income	$ 2	$ 26	$ 2	$ 26

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Schedule of Derivative Instruments, Gain (Loss) (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	$ (15)	$ 1	$ (1)	$ 9	$ 4	$ (4)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	(57)			33			$ (33)	$ 34
Long-term Power Commodity Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	72			(22)			11	28
Heat Rate Call Option Commodity Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	$ 0			$ 3			$ (3)	$ 3

Long-term Debt - Schedule of Lo

Long-term Debt - Schedule of Long-Term Debt (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt	$ 7,199,000,000	$ 8,100,000,000
Less current maturities	(412,000,000)	(559,000,000)
Less net debt issuance costs	(57,000,000)	(65,000,000)
Add premiums	2,000,000	3,000,000
Total long-term debt	6,732,000,000	7,479,000,000
Intercompany Note with Clearway, Inc.
Debt Instrument [Line Items]
Long-term debt	0	1,000,000
2028 Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 850,000,000	850,000,000
Debt instrument, interest rate, stated percentage	4.75%
2031 Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 925,000,000	925,000,000
Debt instrument, interest rate, stated percentage	3.75%
2032 Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 350,000,000	350,000,000
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
Debt instrument, basis spread on variable rate	1.50%
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 108,000,000
Agua Caliente Solar LLC, due 2037
Debt Instrument [Line Items]
Long-term debt	$ 591,000,000	612,000,000
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	$ 14,000,000
Alta Wind Asset Management LLC, due 2031
Debt Instrument [Line Items]
Long-term debt	$ 10,000,000	11,000,000
Debt instrument, basis spread on variable rate	2.775%
Alta Wind Asset Management LLC, due 2031 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 0
Alta Wind I-V lease financing arrangements, due 2034 and 2035
Debt Instrument [Line Items]
Long-term debt	$ 629,000,000	660,000,000
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	$ 67,000,000
Alta Wind Realty Investments LLC, due 2031
Debt Instrument [Line Items]
Long-term debt	$ 18,000,000	20,000,000
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	46,000,000	48,000,000
Borrego, due 2024 and 2038 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	4,000,000
Broken Bow, due 2031
Debt Instrument [Line Items]
Long-term debt	$ 38,000,000	41,000,000
Debt instrument, basis spread on variable rate	2.35%
Broken Bow, due 2031 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 6,000,000
Buckthorn Solar, due 2025
Debt Instrument [Line Items]
Long-term debt	$ 113,000,000	116,000,000
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	$ 21,000,000
Carlsbad Energy Holdings LLC, due 2027
Debt Instrument [Line Items]
Long-term debt	$ 76,000,000	93,000,000
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	$ 68,000,000
Carlsbad Energy Holdings LLC, due 2038
Debt Instrument [Line Items]
Long-term debt	$ 407,000,000	407,000,000
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	$ 195,000,000	195,000,000
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	$ 6,000,000
Cedar Creek, due 2029
Debt Instrument [Line Items]
Long-term debt	$ 109,000,000	0
Debt instrument, basis spread on variable rate	1.625%
Cedar Creek, due 2029 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 19,000,000
Cedro Hill, due 2024 and 2029
Debt Instrument [Line Items]
Long-term debt	$ 186,000,000	165,000,000
Cedro Hill, due 2024 and 2029 | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.25%
Cedro Hill, due 2024 and 2029 | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.375%
Cedro Hill, due 2024 and 2029 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 0
Crofton Bluffs, due 2031
Debt Instrument [Line Items]
Long-term debt	$ 25,000,000	27,000,000
Debt instrument, basis spread on variable rate	2.35%
Crofton Bluffs, due 2031 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 3,000,000
CVSR, due 2037
Debt Instrument [Line Items]
Long-term debt	$ 573,000,000	601,000,000
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	$ 12,000,000
CVSR Holdco Notes, due 2037
Debt Instrument [Line Items]
Long-term debt	$ 143,000,000	152,000,000
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	$ 0
Daggett 2, due 2028
Debt Instrument [Line Items]
Long-term debt	$ 155,000,000	156,000,000
Debt instrument, basis spread on variable rate	1.762%
Daggett 2, due 2028 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 32,000,000
Daggett 3, due 2028
Debt Instrument [Line Items]
Long-term debt	$ 217,000,000	217,000,000
Debt instrument, basis spread on variable rate	1.762%
Daggett 3, due 2028 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 44,000,000
DG-CS Master Borrower LLC, due 2040
Debt Instrument [Line Items]
Long-term debt	$ 356,000,000	385,000,000
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	$ 30,000,000
Mililani Class B Member Holdco LLC, due 2028
Debt Instrument [Line Items]
Long-term debt	$ 90,000,000	92,000,000
Debt instrument, basis spread on variable rate	1.60%
Mililani Class B Member Holdco LLC, due 2028 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 18,000,000
Natural Gas Holdco LC Facility, due 2027
Debt Instrument [Line Items]
Long-term debt	$ 0	0
Debt instrument, basis spread on variable rate	1.75%
Natural Gas Holdco LC Facility, due 2027 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 107,000,000
NIMH Solar, due 2031 and 2033
Debt Instrument [Line Items]
Long-term debt	$ 130,000,000	148,000,000
NIMH Solar, due 2031 and 2033 | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2%
NIMH Solar, due 2031 and 2033 | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.125%
NIMH Solar, due 2031 and 2033 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 17,000,000
Oahu Solar Holdings LLC, due 2026
Debt Instrument [Line Items]
Long-term debt	$ 79,000,000	81,000,000
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	$ 10,000,000
Rosie Class B LLC, due 2029
Debt Instrument [Line Items]
Long-term debt	$ 192,000,000	347,000,000
Debt instrument, basis spread on variable rate	1.75%
Rosie Class B LLC, due 2029 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 31,000,000
Texas Solar Nova 1, due 2028
Debt Instrument [Line Items]
Long-term debt	0	102,000,000
Texas Solar Nova 1, due 2028 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	0
TSN1 Class B Member LLC, due 2029
Debt Instrument [Line Items]
Long-term debt	$ 179,000,000	0
TSN1 Class B Member LLC, due 2029 | Letter of Credit
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.75%
Letters of credit outstanding, amount	$ 54,000,000
Utah Solar Holdings, due 2036
Debt Instrument [Line Items]
Long-term debt	$ 238,000,000	242,000,000
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	$ 161,000,000
Viento Funding II, LLC, due 2029
Debt Instrument [Line Items]
Long-term debt	$ 164,000,000	175,000,000
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	$ 29,000,000
Victory Pass and Arica, due 2024
Debt Instrument [Line Items]
Long-term debt	0	757,000,000
Victory Pass and Arica, due 2024 | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	0
Other
Debt Instrument [Line Items]
Long-term debt	115,000,000	124,000,000
Other | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	76,000,000
Subtotal non-recourse facility-level debt
Debt Instrument [Line Items]
Long-term debt	$ 5,074,000,000	$ 5,974,000,000

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) $ in Millions								9 Months Ended
	Oct. 23, 2024 USD ($)	Jul. 25, 2024 USD ($) option	Jun. 13, 2024 USD ($)	Jun. 11, 2024 USD ($)	May 01, 2024 USD ($)	Apr. 16, 2024 USD ($)	Mar. 15, 2024 USD ($)	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Equity investments in affiliates								$ 322	$ 360
Rosie Central BESS
Debt Instrument [Line Items]
Equity investments in affiliates			$ 28
Rosie Class B LLC
Debt Instrument [Line Items]
Long-term debt			21
Payments for associated fees			11
Rosie Class B LLC | Cash Equity Investor
Debt Instrument [Line Items]
Remaining balance to distribute			44
Rosie Class B LLC | CEG
Debt Instrument [Line Items]
Contributions from noncontrolling interests, net of distributions			39
Expected contributions upon substantial completion			56
NIMH Solar
Debt Instrument [Line Items]
Repayments of debt				$ 146
Victory Pass and Arica, due 2024
Debt Instrument [Line Items]
Long-term debt					$ 75
Payments for associated fees					18
Victory Pass and Arica, due 2024 | Cash Equity Investor
Debt Instrument [Line Items]
Expected contributions upon substantial completion					347
Victory Pass and Arica, due 2024 | CEG
Debt Instrument [Line Items]
Contributions from noncontrolling interests, net of distributions					103
Expected contributions upon substantial completion					52
Victory Pass and Arica, due 2024 | Tax Equity Investors
Debt Instrument [Line Items]
Expected contributions upon substantial completion					410
Cedar Creek Drop Down
Debt Instrument [Line Items]
Long-term debt						$ 309
Payments for associated fees						6
Unamortized debt issuance costs						3
Asset acquisition, fund construction completion reserves						16
Texas Solar Nova 2
Debt Instrument [Line Items]
Long-term debt							$ 19
Payments for associated fees							4
Unamortized debt issuance costs							1
Texas Solar Nova 2 | CEG
Debt Instrument [Line Items]
Contributions from noncontrolling interests, net of distributions							9
Rosie TargetCo LLC | Rosie Class B LLC | Cash Equity Investor
Debt Instrument [Line Items]
Long-term debt			215
Rosie Class B LLC | Rosie Class B LLC | Rosie Central BESS
Debt Instrument [Line Items]
Equity investments in affiliates								28
Term Loan | Capistrano Portfolio Holdco LLC | Subsequent Event
Debt Instrument [Line Items]
Financing agreement issuance	$ 121
Debt instrument, basis spread on variable rate	1.625%
Term Loan | Broken Bow and Crofton Bluffs | Subsequent Event
Debt Instrument [Line Items]
Contributions from noncontrolling interests, net of distributions	$ 63
Term Loan | NIMH Solar
Debt Instrument [Line Items]
Long-term debt				137
Term Loan | Texas Solar Nova 2
Debt Instrument [Line Items]
Long-term debt							80
Letter of Credit | Capistrano Portfolio Holdco LLC | Subsequent Event
Debt Instrument [Line Items]
Financing agreement issuance	$ 42
Letter of Credit | Natural Gas CA Holdco LLC LC Facility
Debt Instrument [Line Items]
Long-term debt, outstanding		$ 200
Debt term (in years)		3 years
Number of additional option | option		2
Letter of Credit | Natural Gas CA Holdco LLC LC Facility | Minimum
Debt Instrument [Line Items]
Extension period (in years)		1 year
Letter of Credit | NIMH Solar
Debt Instrument [Line Items]
Long-term debt				$ 17
Tax Equity Bridge Loan | Rosie Class B LLC
Debt Instrument [Line Items]
Long-term debt			186
Tax Equity Bridge Loan | Victory Pass and Arica, due 2024
Debt Instrument [Line Items]
Long-term debt					468
Long-term debt, additions								$ 62
Tax Equity Bridge Loan | Cedar Creek Drop Down
Debt Instrument [Line Items]
Long-term debt						109
Tax Equity Bridge Loan | Texas Solar Nova 2
Debt Instrument [Line Items]
Long-term debt							115
Tax Equity Investors | Cedar Creek Drop Down
Debt Instrument [Line Items]
Long-term debt						108
Tax Equity Investors | Texas Solar Nova 2
Debt Instrument [Line Items]
Long-term debt							$ 130
Cash Equity Bridge Loan | Victory Pass and Arica, due 2024
Debt Instrument [Line Items]
Repayments of debt					351
Cash Equity Bridge Loan | Cedar Creek Drop Down
Debt Instrument [Line Items]
Long-term debt						91
Construction Loan | Rosie Class B LLC
Debt Instrument [Line Items]
Long-term debt, additions			115
Construction Loan | Cedar Creek Drop Down
Debt Instrument [Line Items]
Long-term debt						112
Long-term debt, additions						110
Asset acquisition, partial payment of long term debt						$ 2
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate								1.50%
Clearway Renew LLC | Rosie Class B LLC
Debt Instrument [Line Items]
Long-term debt			64
Clearway Renew LLC | Rosie TargetCo LLC | Rosie Class B LLC
Debt Instrument [Line Items]
Payments to acquire productive assets			279
Clearway Renew LLC | Rosie Class B LLC | Rosie Class B LLC
Debt Instrument [Line Items]
Repayments of debt			$ 184
Clearway Renew LLC | VP-Arica TargetCo LLC | Victory Pass and Arica, due 2024
Debt Instrument [Line Items]
Payments to acquire productive assets					$ 165

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Segment Reporting
Total operating revenues	$ 486	$ 371	$ 1,115	$ 1,065
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	135	134	378	360
Depreciation, amortization and accretion	164	133	471	389
General and administrative	9	8	28	27
Transaction and integration costs	0	1	4	3
Operating income (loss)	178	95	234	286
Equity in earnings of unconsolidated affiliates	13	11	33	11
Other income, net	8	15	36	32
Loss on debt extinguishment	0	0	(3)	0
Interest expense	(139)	(48)	(284)	(202)
Net Income (Loss)	60	73	16	127
Total Assets	14,241		14,241		$ 14,688
Operating Segments
Segment Reporting
Total operating revenues	486	371	1,115	1,065
Operating Segments | Conventional Generation
Segment Reporting
Total operating revenues	102	132	266	342
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	41	54	109	123
Depreciation, amortization and accretion	29	33	88	98
General and administrative	0	0	0	0
Transaction and integration costs		0	0	0
Operating income (loss)	32	45	69	121
Equity in earnings of unconsolidated affiliates	1	0	2	2
Other income, net	1	1	4	3
Loss on debt extinguishment			0
Interest expense	(9)	(8)	(25)	(27)
Net Income (Loss)	25	38	50	99
Total Assets	1,976		1,976
Operating Segments | Renewables
Segment Reporting
Total operating revenues	384	239	849	723
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	95	80	271	238
Depreciation, amortization and accretion	135	100	383	291
General and administrative	0	0	0	0
Transaction and integration costs		0	0	0
Operating income (loss)	154	59	195	194
Equity in earnings of unconsolidated affiliates	12	11	31	9
Other income, net	6	8	23	12
Loss on debt extinguishment			(3)
Interest expense	(106)	(16)	(186)	(103)
Net Income (Loss)	66	62	60	112
Total Assets	12,164		12,164
Corporate
Segment Reporting
Total operating revenues	0	0	0	0
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	(1)	0	(2)	(1)
Depreciation, amortization and accretion	0	0	0	0
General and administrative	9	8	28	27
Transaction and integration costs		1	4	3
Operating income (loss)	(8)	(9)	(30)	(29)
Equity in earnings of unconsolidated affiliates	0	0	0	0
Other income, net	1	6	9	17
Loss on debt extinguishment			0
Interest expense	(24)	(24)	(73)	(72)
Net Income (Loss)	(31)	$ (27)	(94)	$ (84)
Total Assets	$ 101		$ 101

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) subsidiary	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) subsidiary	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Related Party Transaction
General and administrative	$ 9	$ 8	$ 28	$ 27
Related Party | RENOM
Related Party Transaction
Expenses from transactions with related party	22	18	59	54
Due to related party	10		10		$ 13
Related Party | Administrative Services Agreement
Related Party Transaction
Expenses from transactions with related party			17	15
Due to related party	3		3		$ 2
Related Party | CEG
Related Party Transaction
General and administrative	1	1	$ 4	$ 4
Affiliated Entity | Administrative Services Agreement
Related Party Transaction
Expenses from transactions with related party	$ 5	$ 5
Number of wholly owned subsidiaries | subsidiary	2		2