Cheniere Corpus Christi 10-Q 4 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2017shares
Document and Entity Information [Abstract]
Entity Registrant Name	Cheniere Corpus Christi Holdings, LLC
Entity Central Index Key	1,693,317
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding	0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Current assets
Cash and cash equivalents	$ 0	$ 0	$ 0
Restricted cash	142,773	197,201	$ 295,316
Advances to affiliate	24,703	20,108
Other current assets	741	37,195
Other current assets—affiliate	89	141
Total current assets	168,306	254,645
Non-current restricted cash	0	73,339
Property, plant and equipment, net	6,923,029	6,076,672
Debt issuance and deferred financing costs, net	148,788	155,847
Non-current advances under long-term contracts	0	46,398
Other non-current assets, net	29,885	29,547
Total assets	7,270,008	6,636,448
Current liabilities
Accounts payable	13,654	9,120
Accrued liabilities	189,856	137,648
Due to affiliates	7,702	7,050
Derivative liabilities	37,637	43,383
Total current liabilities	248,849	197,201
Long-term debt, net	5,630,963	5,081,715
Non-current derivative liabilities	37,115	43,105
Other non-current liabilities—affiliate	0	618
Member’s equity	1,353,081	1,313,809
Total liabilities and member’s equity	$ 7,270,008	$ 6,636,448

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Revenues	$ 0	$ 0
Expenses
Operating and maintenance expense	706	216
Operating and maintenance expense—affiliate	53	3
Development expense (recovery)	92	(132)
Development expense (recovery)—affiliate	8	(178)
General and administrative expense	1,415	775
General and administrative expense—affiliate	311	17
Depreciation and amortization expense	134	32
Total expenses	2,719	733
Loss from operations	(2,719)	(733)
Other income (expense)
Derivative gain (loss), net	1,000	(160,176)
Other income (expense)	(38)	25
Total other income (expense)	962	(160,151)
Net loss	$ (1,757)	$ (160,884)

Consolidated Statement of Membe

Consolidated Statement of Member's Equity - 3 months ended Mar. 31, 2017 - USD ($) $ in Thousands	Total	Cheniere CCH HoldCo I, LLC [Member]
Members' equity, beginning of period at Dec. 31, 2016	$ 1,313,809	$ 1,313,809
Increase (Decrease) in Partners' Capital [Roll Forward]
Capital contributions	41,029	41,029
Net loss	(1,757)	(1,757)
Members' equity, end of period at Mar. 31, 2017	$ 1,353,081	$ 1,353,081

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities
Net loss	$ (1,757)	$ (160,884)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	134	32
Total losses (gains) on derivatives, net	(1,000)	160,176
Net cash used for settlement of derivative instruments	(10,736)	(5,870)
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	303	365
Due to affiliates	676	(624)
Other, net	(306)	(447)
Other, net—affiliate	(566)	(430)
Net cash used in operating activities	(13,252)	(7,682)
Cash flows from investing activities
Property, plant and equipment, net	(738,797)	(403,682)
Other	36,341	(12,436)
Net cash used in investing activities	(702,456)	(416,118)
Cash flows from financing activities
Proceeds from issuances of long-term debt	548,000	673,000
Debt issuance and deferred financing costs	(1,088)	(654)
Capital contributions	41,029	0
Net cash provided by financing activities	587,941	672,346
Net increase (decrease) in cash, cash equivalents and restricted cash	(127,767)	248,546
Cash, cash equivalents and restricted cash—beginning of period	270,540	46,770
Cash, cash equivalents and restricted cash—end of period	142,773	295,316
Balances per Consolidated Balance Sheets:
Cash and cash equivalents	0	0
Restricted cash	142,773	295,316
Total cash, cash equivalents and restricted cash	$ 142,773	$ 295,316

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	NATURE OF OPERATIONS AND BASIS OF PRESENTATION We are developing and constructing a natural gas liquefaction and export facility at the Corpus Christi LNG terminal (the “Liquefaction Facility”) , which is on nearly 2,000 acres of land that we own or control near Corpus Christi, Texas, and a 23 -mile natural gas supply pipeline (the “Corpus Christi Pipeline” and together with the Liquefaction Facility, the “Liquefaction Project”) through wholly owned subsidiaries CCL and CCP, respectively. The Liquefaction Project is being developed in two stages for up to three Trains. Basis of Presentation The accompanying unaudited Consolidated Financial Statements of CCH have been prepared in accordance with GAAP for interim financial information and with Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Consolidated and Combined Financial Statements and accompanying notes included in our registration statement on Form S-4, as amended, filed with the SEC and declared effective on April 10, 2017. In our opinion, all adjustments, consisting only of normal recurring adjustments necessary for a fair presentation, have been included. Certain reclassifications have been made to conform prior period information to the current presentation. The reclassifications had no effect on our overall consolidated financial position, results of operations or cash flows. Results of operations for the three months ended March 31, 2017 are not necessarily indicative of the results of operations that will be realized for the year ending December 31, 2017 . We are a disregarded entity for federal and state income tax purposes. Our taxable income or loss, which may vary substantially from the net income or loss reported on our Consolidated Statements of Operations, is included in the consolidated federal income tax return of Cheniere. The provision for income taxes, taxes payable and deferred income tax balances have been recorded as if we had filed all tax returns on a separate return basis (“hypothetical carve-out basis”) from Cheniere.

Restricted Cash

Restricted Cash	3 Months Ended
	Mar. 31, 2017
Cash and Cash Equivalents [Abstract]
Restricted Cash	RESTRICTED CASH Restricted cash consists of funds that are contractually restricted as to usage or withdrawal and have been presented separately from cash and cash equivalents on our Consolidated Balance Sheets. As of March 31, 2017 and December 31, 2016 , restricted cash consisted of the following (in thousands): March 31, December 31, 2017 2016 Current restricted cash Liquefaction Project $ 142,773 $ 197,201 Non-current restricted cash Liquefaction Project — 73,339 Pursuant to the accounts agreement entered into with the collateral trustee for the benefit of our debt holders, we are required to deposit all cash received into reserve accounts controlled by the collateral trustee. The usage or withdrawal of such cash is restricted to the payment of liabilities related to the Liquefaction Project and other restricted payments.

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, net consists of LNG terminal costs and fixed assets, as follows (in thousands): March 31, December 31, 2017 2016 LNG terminal costs LNG terminal construction-in-process $ 6,906,427 $ 6,060,299 LNG site and related costs 14,006 14,006 Total LNG terminal costs 6,920,433 6,074,305 Fixed assets Fixed assets 2,957 2,620 Accumulated depreciation (361 ) (253 ) Total fixed assets, net 2,596 2,367 Property, plant and equipment, net $ 6,923,029 $ 6,076,672 Depreciation expense during the three months ended March 31, 2017 and 2016 was $0.1 million and $32 thousand , respectively.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	DERIVATIVE INSTRUMENTS We have entered into interest rate swaps (“Interest Rate Derivatives”) to protect against volatility of future cash flows and hedge a portion of the variable-rate interest payments on our credit facility (the “2015 CCH Credit Facility”). Our Interest Rate Derivatives are not designated as cash flow hedging instruments, and changes in fair value are recorded within our Consolidated Statements of Operations . As of March 31, 2017 , we had the following Interest Rate Derivatives outstanding: Initial Notional Amount Maximum Notional Amount Effective Date Maturity Date Weighted Average Fixed Interest Rate Paid Variable Interest Rate Received Interest Rate Derivatives $28.8 million $5.5 billion May 20, 2015 May 31, 2022 2.29% One-month LIBOR Our Interest Rate Derivatives are categorized within Level 2 of the fair value hierarchy and are required to be measured at fair value on a recurring basis. We value our Interest Rate Derivatives using valuations based on the initial trade prices. Using an income-based approach, subsequent valuations are based on observable inputs to the valuation model including interest rate curves, risk adjusted discount rates, credit spreads and other relevant data. The following table (in thousands) shows the fair value and location of our Interest Rate Derivatives on our Consolidated Balance Sheets: March 31, December 31, Balance Sheet Location 2017 2016 Derivative liabilities $ (37,637 ) $ (43,383 ) Non-current derivative liabilities (37,115 ) (43,105 ) Total derivative liabilities $ (74,752 ) $ (86,488 ) The following table (in thousands) shows the changes in the fair value and settlements of our Interest Rate Derivatives recorded in derivative gain (loss), net on our Consolidated Statements of Operations during the three months ended March 31, 2017 and 2016 : Three Months Ended March 31, 2017 2016 Interest Rate Derivatives gain (loss) $ 1,000 $ (160,176 ) Balance Sheet Presentation Our derivative instruments are presented on a net basis on our Consolidated Balance Sheets as described above. The following table (in thousands) shows the fair value of our derivatives outstanding on a gross and net basis: Gross Amounts Recognized Gross Amounts Offset in the Consolidated Balance Sheets Net Amounts Presented in the Consolidated Balance Sheets Offsetting Derivative Assets (Liabilities) As of March 31, 2017 CCH Interest Rate Derivatives $ (81,662 ) $ 6,910 $ (74,752 ) As of December 31, 2016 CCH Interest Rate Derivatives (95,923 ) 9,435 (86,488 )

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Mar. 31, 2017
Accrued Liabilities, Current [Abstract]
Accrued Liabilities	ACCRUED LIABILITIES As of March 31, 2017 and December 31, 2016 , accrued liabilities consisted of the following (in thousands): March 31, December 31, 2017 2016 Interest costs and related debt fees $ 49,555 $ 59,994 Liquefaction Project costs 133,122 73,150 Other 7,179 4,504 Total accrued liabilities $ 189,856 $ 137,648

Debt

Debt	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Debt	DEBT As of March 31, 2017 and December 31, 2016 , our debt consisted of the following (in thousands): March 31, December 31, 2017 2016 Long-term debt 7.000% Senior Secured Notes due 2024 (“2024 CCH Senior Notes”) $ 1,250,000 $ 1,250,000 5.875% Senior Secured Notes due 2025 (“2025 CCH Senior Notes”) 1,500,000 1,500,000 2015 CCH Credit Facility 2,928,788 2,380,788 Unamortized debt issuance costs (47,825 ) (49,073 ) Total long-term debt, net 5,630,963 5,081,715 Current debt $350 million CCH Working Capital Facility (“CCH Working Capital Facility”) — — Total debt, net $ 5,630,963 $ 5,081,715 Credit Facilities Below is a summary (in thousands) of our credit facilities outstanding as of March 31, 2017 : 2015 CCH Credit Facility CCH Working Capital Facility Original facility size $ 8,403,714 $ 350,000 Outstanding balance 2,928,788 — Commitments terminated 2,420,212 — Letters of credit issued — 82,161 Available commitment $ 3,054,714 $ 267,839 Interest rate LIBOR plus 2.25% or base rate plus 1.25% (1) LIBOR plus 1.50% - 2.00% or base rate plus 0.50% - 1.00% Maturity date Earlier of May 13, 2022 or second anniversary of CCL Trains 1 and 2 completion date December 14, 2021, with various terms for underlying loans (1) There is a 0.25% step-up for both LIBOR and base rate loans following completion of the first two Trains of the Liquefaction Project . Interest Expense Total interest expense consisted of the following (in thousands): Three Months Ended March 31, 2017 2016 Total interest cost $ 80,188 $ 41,595 Capitalized interest, including amounts capitalized as an Allowance for Funds Used During Construction (80,188 ) (41,595 ) Total interest expense, net $ — $ — Fair Value Disclosures The following table (in thousands) shows the carrying amount and estimated fair value of our debt: March 31, 2017 December 31, 2016 Carrying Estimated Carrying Estimated Senior notes (1) $ 2,750,000 $ 2,931,250 $ 2,750,000 $ 2,901,563 Credit facilities (2) 2,928,788 2,928,788 2,380,788 2,380,788 (1) Includes 2024 CCH Senior Notes and 2025 CCH Senior Notes (collectively, the “CCH Senior Notes”) . The Level 2 estimated fair value was based on quotes obtained from broker-dealers or market makers of the CCH Senior Notes and other similar instruments. (2) Includes 2015 CCH Credit Facility and CCH Working Capital Facility . The Level 3 estimated fair value approximates the principal amount because the interest rates are variable and reflective of market rates and the debt may be repaid, in full or in part, at any time without penalty.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS We had $7.7 million and $7.1 million due to affiliates and zero and $0.6 million of other non-current liabilities—affiliate as of March 31, 2017 and December 31, 2016 , respectively, under agreements with affiliates, as described below. LNG Sale and Purchase Agreements CCL has entered into two fixed price 20 -year SPAs with Cheniere Marketing International LLP (“Cheniere Marketing UK”). Under the first SPA (the “Cheniere Marketing Foundation SPA”), Cheniere Marketing UK will purchase LNG from CCL for a price consisting of a fixed fee of $3.50 (a portion of which is subject to annual adjustment for inflation) per MMBtu of LNG plus a variable fee equal to 115% of Henry Hub per MMBtu of LNG. At Cheniere Marketing UK’s option, which has not been exercised yet, the Cheniere Marketing Foundation SPA commences upon the date of first commercial delivery for Train 2 and includes an annual contract quantity of 40 million MMBtu of LNG. The second SPA (the “Cheniere Marketing Base SPA”) allows Cheniere Marketing UK to purchase, at its option, (1) up to a cumulative total of 150 million MMBtu of LNG within the commissioning periods for Trains 1 through 3, (2) any LNG produced from the end of the commissioning period for Train 1 until the date of first commercial delivery of LNG from Train 1 and (3) any excess LNG produced by the Liquefaction Facility that is not committed to customers under third-party SPAs or to Cheniere Marketing UK under the Cheniere Marketing Foundation SPA , as determined by CCL in each contract year, in each case for a price consisting of a fixed fee of $3.00 per MMBtu of LNG plus a variable fee equal to 115% of Henry Hub per MMBtu of LNG. Under the Cheniere Marketing Base SPA , Cheniere Marketing UK may, without charge, elect to suspend deliveries of cargoes (other than commissioning cargoes) scheduled for any month under the applicable annual delivery program by providing specified notice in advance. Services Agreements We recorded aggregate expenses of $0.3 million and recoveries of $0.2 million from affiliates on our Consolidated Statements of Operations for the three months ended March 31, 2017 and 2016 , respectively, under the services agreements below. Gas and Power Supply Services Agreement (“G&P Agreement”) CCL has entered into a gas and power supply services agreement with Cheniere Energy Shared Services, Inc. (“Shared Services”), a wholly owned subsidiary of Cheniere, pursuant to which Shared Services will manage the gas and power procurement requirements of CCL. The services include, among other services, exercising the day-to-day management of CCL’s natural gas and power supply requirements, negotiating agreements on CCL’s behalf and providing other administrative services. After substantial completion of each Train of the Liquefaction Facility , for services performed while the Liquefaction Facility is operational, CCL will pay, in addition to the reimbursement of operating expenses, a fixed monthly fee of $125,000 (indexed for inflation) for services with respect to such Train. Operation and Maintenance Agreements (“O&M Agreements”) CCL has entered into an O&M Agreement (“CCL O&M Agreement”) with Cheniere LNG O&M Services, LLC (“O&M Services”), a wholly owned subsidiary of Cheniere, pursuant to which CCL receives all of the necessary services required to construct, operate and maintain the Liquefaction Facility . The services to be provided include, among other services, preparing and maintaining staffing plans, identifying and arranging for procurement of equipment and materials, overseeing contractors, administering various agreements and other services required to operate and maintain the Liquefaction Facility . Prior to the Liquefaction Facility being operational, no monthly fee payment is required except for reimbursement of operating expenses. After substantial completion of each stage of the Liquefaction Facility , for services performed while the Liquefaction Facility is operational, CCL will pay, in addition to the reimbursement of operating expenses, a fixed monthly fee of $125,000 (indexed for inflation) for services with respect to such stage. CCP has entered into an O&M Agreement (“CCP O&M Agreement”) with O&M Services pursuant to which CCP receives all of the necessary services required to construct, operate and maintain the Corpus Christi Pipeline . CCP is required to reimburse O&M Services for all operating expenses incurred on behalf of CCP. The services to be provided include, among other services, preparing and maintaining staffing plans, identifying and arranging for procurement of equipment and materials, overseeing contractors and other services required to operate and maintain the Corpus Christi Pipeline . CCP is required to reimburse O&M Services for all operating expenses incurred on behalf of CCP. Management Services Agreements (“MSAs”) CCL has entered into an MSA with Shared Services pursuant to which Shared Services manages the construction and operation of the Liquefaction Facility , excluding those matters provided for under the G&P Agreement and the CCL O&M Agreement. The services include, among other services, exercising the day-to-day management of CCL’s affairs and business, managing CCL’s regulatory matters, preparing status reports, providing contract administration services for all contracts associated with the Liquefaction Facility and obtaining insurance. Prior to the Liquefaction Facility being operational, no monthly fee payment is required except for reimbursement of operating expenses. After substantial completion of each stage, CCL will pay, in addition to the reimbursement of related expenses, a monthly fee equal to 3% of the capital expenditures incurred in the previous month and a fixed monthly fee of $375,000 for services with respect to such stage. CCP has entered into an MSA with Shared Services pursuant to which Shared Services manages CCP’s operations and business, excluding those matters provided for under the CCP O&M Agreement. The services include, among other services, exercising the day-to-day management of CCP’s affairs and business, managing CCP’s regulatory matters, preparing status reports, providing contract administration services for all contracts associated with the Corpus Christi Pipeline and obtaining insurance. CCP is required to reimburse Shared Services for the aggregate of all costs and expenses incurred in the course of performing the services under the MSA. Lease Agreement In September 2016, CCL entered into an agreement with Cheniere Land Holdings, LLC (“Cheniere Land Holdings”) to lease 35 acres of land owned by Cheniere Land Holdings for the Liquefaction Facility . The annual lease payment is $210,000 for a five -year term. We recorded $0.1 million of lease expense related to this agreement as operating and maintenance expense—affiliate for the three months ended March 31, 2017 . As of March 31, 2017 , we had $0.1 million of prepaid expense related to this agreement in other current assets—affiliate. Dredge Material Disposal Agreement CCL has entered into a dredge material disposal agreement with Cheniere Land Holdings that terminates in 2025 which grants CCL permission to use land owned by Cheniere Land Holdings for the deposit of dredge material from the construction and maintenance of the Liquefaction Facility . Under the terms of the agreement, CCL will pay Cheniere Land Holdings $0.50 per cubic yard of dredge material deposits up to 5.0 million cubic yards. Tug Hosting Agreement In February 2017, CCL entered into a tug hosting agreement with Corpus Christi Tug Services, LLC (“Tug Services”) to provide certain marine structures, support services and access necessary at the Liquefaction Facility for Tug Services to provide its customers with tug boat and marine services. Tug Services is required to reimburse CCL for any third party costs incurred by CCL in connection with providing the goods and services. State Tax Sharing Agreements CCL has entered into a state tax sharing agreement with Cheniere. Under this agreement, Cheniere has agreed to prepare and file all state and local tax returns which CCL and Cheniere are required to file on a combined basis and to timely pay the combined state and local tax liability. If Cheniere, in its sole discretion, demands payment, CCL will pay to Cheniere an amount equal to the state and local tax that CCL would be required to pay if CCL’s state and local tax liability were calculated on a separate company basis. There have been no state and local taxes paid by Cheniere for which Cheniere could have demanded payment from CCL under this agreement; therefore, Cheniere has not demanded any such payments from CCL. The agreement is effective for tax returns due on or after May 2015. CCP has entered into a state tax sharing agreement with Cheniere. Under this agreement, Cheniere has agreed to prepare and file all state and local tax returns which CCP and Cheniere are required to file on a combined basis and to timely pay the combined state and local tax liability. If Cheniere, in its sole discretion, demands payment, CCP will pay to Cheniere an amount equal to the state and local tax that CCP would be required to pay if CCP’s state and local tax liability were calculated on a separate company basis. There have been no state and local taxes paid by Cheniere for which Cheniere could have demanded payment from CCP under this agreement; therefore, Cheniere has not demanded any such payments from CCP. The agreement is effective for tax returns due on or after May 2015. Equity Contributions Agreement We have entered into an equity contribution agreement with Cheniere pursuant to which Cheniere has agreed to provide, directly or indirectly, at our request based on reaching specified milestones of the Liquefaction Project , cash contributions up to approximately $2.6 billion for the first stage of the Liquefaction Project . The first stage includes Trains 1 and 2 , two LNG storage tanks, one complete marine berth and a second partial berth and all of the Liquefaction Project ’s necessary infrastructure facilities. As of March 31, 2017 , we have received $1.5 billion in contributions from Cheniere under this agreement.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2017
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	SUPPLEMENTAL CASH FLOW INFORMATION The following table (in thousands) provides supplemental disclosure of cash flow information: Three Months Ended March 31, 2017 2016 Cash paid during the period for interest, net of amounts capitalized $ 2,052 $ 470 The balance in property, plant and equipment, net funded with accounts payable and accrued liabilities (including affiliate) was $213.4 million and $290.5 million , as of March 31, 2017 and 2016 , respectively.

Recent Accounting Standards

Recent Accounting Standards	3 Months Ended
	Mar. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Standards	RECENT ACCOUNTING STANDARDS The following table provides a brief description of recent accounting standards that had not been adopted by the Company as of March 31, 2017 : Standard Description Expected Date of Adoption Effect on our Consolidated Financial Statements or Other Significant Matters ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , and subsequent amendments thereto This standard provides a single, comprehensive revenue recognition model which replaces and supersedes most existing revenue recognition guidance and requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard requires that the costs to obtain and fulfill contracts with customers should be recognized as assets and amortized to match the pattern of transfer of goods or services to the customer if expected to be recoverable. The standard also requires enhanced disclosures. This guidance may be adopted either retrospectively to each prior reporting period presented subject to allowable practical expedients (“full retrospective approach”) or as a cumulative-effect adjustment as of the date of adoption (“modified retrospective approach”). January 1, 2018 We continue to evaluate the effect of this standard on our Consolidated Financial Statements. Preliminarily, we plan to adopt this standard using the full retrospective approach and we do not currently anticipate that the adoption will have a material impact upon our revenues. The Financial Accounting Standards Board has issued and may issue in the future amendments and interpretive guidance which may cause our evaluation to change. Furthermore, we routinely enter into new contracts and we cannot predict with certainty whether the accounting for any future contract under the new standard would result in a significant change from existing guidance. Because this assessment is preliminary and the accounting for revenue recognition is subject to significant judgment, this conclusion could change as we finalize our assessment. We have not yet determined the impact that recognizing fulfillment costs as assets will have on our Consolidated Financial Statements. Standard Description Expected Date of Adoption Effect on our Consolidated Financial Statements or Other Significant Matters ASU 2016-02, Leases (Topic 842) This standard requires a lessee to recognize leases on its balance sheet by recording a lease liability representing the obligation to make future lease payments and a right-of-use asset representing the right to use the underlying asset for the lease term. A lessee is permitted to make an election not to recognize lease assets and liabilities for leases with a term of 12 months or less. The standard also modifies the definition of a lease and requires expanded disclosures. This guidance may be early adopted, and must be adopted using a modified retrospective approach with certain available practical expedients. January 1, 2019 We continue to evaluate the effect of this standard on our Consolidated Financial Statements. Preliminarily, we expect that the requirement to recognize all leases on our Consolidated Balance Sheets will be a significant change from current practice but will not have a material impact upon our Consolidated Balance Sheets. Because this assessment is preliminary and the accounting for leases is subject to significant judgment, this conclusion could change as we finalize our assessment. We have not yet determined the impact of the adoption of this standard upon our results of operations or cash flows, whether we will elect to early adopt this standard or which, if any, practical expedients we will elect upon transition. ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory This standard requires the immediate recognition of the tax consequences of intercompany asset transfers other than inventory. This guidance may be early adopted, but only at the beginning of an annual period, and must be adopted using a modified retrospective approach. January 1, 2018 We are currently evaluating the impact of the provisions of this guidance on our Consolidated Financial Statements and related disclosures.

Supplemental Guarantor Informat

Supplemental Guarantor Information	3 Months Ended
	Mar. 31, 2017
Supplemental Guarantor Financial Information [Abstract]
Supplemental Guarantor Information	SUPPLEMENTAL GUARANTOR INFORMATION Our CCH Senior Notes are jointly and severally guaranteed by our subsidiaries, CCL, CCP and CCP GP (the “Guarantors”) . These guarantees are full and unconditional, subject to certain customary release provisions including (1) the sale, exchange, disposition or transfer (by merger, consolidation or otherwise) of the capital stock or all or substantially all of the assets of the Guarantors, (2) the designation of the Guarantor as an “unrestricted subsidiary” in accordance with the indenture governing the CCH Senior Notes (the “CCH Indenture”) , (3) upon the legal defeasance or covenant defeasance or discharge of obligations under the CCH Indenture and (4) the release and discharge of the Guarantors pursuant to the Common Security and Account Agreement. See Note 6—Debt for additional information regarding the CCH Senior Notes . The following is condensed consolidating financial information for CCH (“Parent Issuer”) and the Guarantors . We did not have any non-guarantor subsidiaries as of March 31, 2017 . Condensed Consolidating Balance Sheet March 31, 2017 (in thousands) Parent Issuer Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ — $ — $ — $ — Restricted cash 142,773 — — 142,773 Advances to affiliate — 24,703 — 24,703 Other current assets 34 707 — 741 Other current assets—affiliate — 90 (1 ) 89 Total current assets 142,807 25,500 (1 ) 168,306 Property, plant and equipment, net 381,672 6,541,357 — 6,923,029 Debt issuance and deferred financing costs, net 148,788 — — 148,788 Investments in subsidiaries 6,550,601 — (6,550,601 ) — Other non-current assets, net — 29,885 — 29,885 Total assets $ 7,223,868 $ 6,596,742 $ (6,550,602 ) $ 7,270,008 LIABILITIES AND MEMBER’S EQUITY Current liabilities Accounts payable $ — $ 13,654 $ — $ 13,654 Accrued liabilities 50,433 139,423 — 189,856 Due to affiliates — 7,702 — 7,702 Derivative liabilities 37,637 — — 37,637 Total current liabilities 88,070 160,779 — 248,849 Long-term debt, net 5,630,963 — — 5,630,963 Non-current derivative liabilities 37,115 — — 37,115 Member’s equity 1,467,720 6,435,963 (6,550,602 ) 1,353,081 Total liabilities and member’s equity $ 7,223,868 $ 6,596,742 $ (6,550,602 ) $ 7,270,008 Condensed Consolidating Balance Sheet December 31, 2016 (in thousands) Parent Issuer Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ — $ — $ — $ — Restricted cash 197,201 — — 197,201 Advances to affiliate — 20,108 — 20,108 Other current assets 152 37,043 — 37,195 Other current assets—affiliate — 142 (1 ) 141 Total current assets 197,353 57,293 (1 ) 254,645 Non-current restricted cash 73,339 — — 73,339 Property, plant and equipment, net 306,342 5,770,330 — 6,076,672 Debt issuance and deferred financing costs, net 155,847 — — 155,847 Investments in subsidiaries 5,927,833 — (5,927,833 ) — Non-current advances under long-term contracts — 46,398 — 46,398 Other non-current assets, net 50 29,497 — 29,547 Total assets $ 6,660,764 $ 5,903,518 $ (5,927,834 ) $ 6,636,448 LIABILITIES AND MEMBER’S EQUITY Current liabilities Accounts payable $ 332 $ 8,788 $ — $ 9,120 Accrued liabilities 61,328 76,320 — 137,648 Due to affiliates — 7,050 — 7,050 Derivative liabilities 43,383 — — 43,383 Total current liabilities 105,043 92,158 — 197,201 Long-term debt, net 5,081,715 — — 5,081,715 Non-current derivative liabilities 43,105 — — 43,105 Other non-current liabilities—affiliate — 618 — 618 Member’s equity 1,430,901 5,810,742 (5,927,834 ) 1,313,809 Total liabilities and member’s equity $ 6,660,764 $ 5,903,518 $ (5,927,834 ) $ 6,636,448 Condensed Consolidating Statement of Operations Three Months Ended March 31, 2017 (in thousands) Parent Issuer Guarantors Eliminations Consolidated Revenues $ — $ — $ — $ — Expenses Operating and maintenance expense — 706 — 706 Operating and maintenance expense—affiliate — 53 — 53 Development expense — 92 — 92 Development expense—affiliate — 8 — 8 General and administrative expense 311 1,104 — 1,415 General and administrative expense—affiliate — 311 — 311 Depreciation and amortization expense — 134 — 134 Total expenses 311 2,408 — 2,719 Loss from operations (311 ) (2,408 ) — (2,719 ) Other income (expense) Derivative gain, net 1,000 — — 1,000 Other income (expense) (40 ) 4,860 (4,858 ) (38 ) Total other income (expense) 960 4,860 (4,858 ) 962 Net income (loss) $ 649 $ 2,452 $ (4,858 ) $ (1,757 ) Condensed Consolidating Statement of Operations Three Months Ended March 31, 2016 (in thousands) Parent Issuer Guarantors Eliminations Consolidated Revenues $ — $ — $ — $ — Expenses Operating and maintenance expense — 216 — 216 Operating and maintenance expense—affiliate — 3 — 3 Development expense recovery — (132 ) — (132 ) Development expense recovery—affiliate — (178 ) — (178 ) General and administrative expense 107 668 — 775 General and administrative expense—affiliate — 17 — 17 Depreciation and amortization expense — 32 — 32 Total expenses 107 626 — 733 Loss from operations (107 ) (626 ) — (733 ) Other income (expense) Derivative loss, net (160,176 ) — — (160,176 ) Other income 23 2 — 25 Total other income (expense) (160,153 ) 2 — (160,151 ) Net loss $ (160,260 ) $ (624 ) $ — $ (160,884 ) Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2017 (in thousands) Parent Issuer Guarantors Eliminations Consolidated Cash flows from operating activities Net income (loss) $ 649 $ 2,452 $ (4,858 ) $ (1,757 ) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation and amortization expense — 134 — 134 Allowance for funds used during construction — (4,858 ) 4,858 — Total gains on derivatives, net (1,000 ) — — (1,000 ) Net cash used for settlement of derivative instruments (10,736 ) — — (10,736 ) Changes in operating assets and liabilities: Accounts payable and accrued liabilities 269 34 — 303 Due to affiliates — 676 — 676 Other, net 117 (423 ) — (306 ) Other, net—affiliate — (566 ) — (566 ) Net cash used in operating activities (10,701 ) (2,551 ) — (13,252 ) Cash flows from investing activities Property, plant and equipment, net (82,239 ) (656,558 ) — (738,797 ) Investments in subsidiaries (622,768 ) — 622,768 — Other — 36,341 — 36,341 Net cash used in investing activities (705,007 ) (620,217 ) 622,768 (702,456 ) Cash flows from financing activities Proceeds from issuances of long-term debt 548,000 — — 548,000 Debt issuance and deferred financing costs (1,088 ) — — (1,088 ) Capital contributions 41,029 622,768 (622,768 ) 41,029 Net cash provided by financing activities 587,941 622,768 (622,768 ) 587,941 Net decrease in cash, cash equivalents and restricted cash (127,767 ) — — (127,767 ) Cash, cash equivalents and restricted cash—beginning of period 270,540 — — 270,540 Cash, cash equivalents and restricted cash—end of period $ 142,773 $ — $ — $ 142,773 Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2016 (in thousands) Parent Issuer Guarantors Eliminations Consolidated Cash flows from operating activities Net loss $ (160,260 ) $ (624 ) $ — $ (160,884 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization expense — 32 — 32 Total losses on derivatives, net 160,176 — — 160,176 Net cash used for settlement of derivative instruments (5,870 ) — — (5,870 ) Changes in operating assets and liabilities: Accounts payable and accrued liabilities 67 298 — 365 Due to affiliates — (624 ) — (624 ) Other, net — (447 ) — (447 ) Other, net—affiliate — (430 ) — (430 ) Net cash used in operating activities (5,887 ) (1,795 ) — (7,682 ) Cash flows from investing activities Property, plant and equipment, net (32,426 ) (371,256 ) — (403,682 ) Investments in subsidiaries (385,487 ) — 385,487 — Other — (12,436 ) — (12,436 ) Net cash used in investing activities (417,913 ) (383,692 ) 385,487 (416,118 ) Cash flows from financing activities Proceeds from issuances of long-term debt 673,000 — — 673,000 Debt issuance and deferred financing costs (654 ) — — (654 ) Capital contributions — 385,487 (385,487 ) — Net cash provided by financing activities 672,346 385,487 (385,487 ) 672,346 Net increase in cash, cash equivalents and restricted cash 248,546 — — 248,546 Cash, cash equivalents and restricted cash—beginning of period 46,770 — — 46,770 Cash, cash equivalents and restricted cash—end of period $ 295,316 $ — $ — $ 295,316

Nature of Operations and Basi16

Nature of Operations and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Consolidated Financial Statements of CCH have been prepared in accordance with GAAP for interim financial information and with Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Consolidated and Combined Financial Statements and accompanying notes included in our registration statement on Form S-4, as amended, filed with the SEC and declared effective on April 10, 2017. In our opinion, all adjustments, consisting only of normal recurring adjustments necessary for a fair presentation, have been included.
Income Tax, Policy	We are a disregarded entity for federal and state income tax purposes. Our taxable income or loss, which may vary substantially from the net income or loss reported on our Consolidated Statements of Operations, is included in the consolidated federal income tax return of Cheniere. The provision for income taxes, taxes payable and deferred income tax balances have been recorded as if we had filed all tax returns on a separate return basis (“hypothetical carve-out basis”) from Cheniere.

Restricted Cash (Tables)

Restricted Cash (Tables)	3 Months Ended
	Mar. 31, 2017
Cash and Cash Equivalents [Abstract]
Schedule of Restricted Cash	As of March 31, 2017 and December 31, 2016 , restricted cash consisted of the following (in thousands): March 31, December 31, 2017 2016 Current restricted cash Liquefaction Project $ 142,773 $ 197,201 Non-current restricted cash Liquefaction Project — 73,339

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment, net consists of LNG terminal costs and fixed assets, as follows (in thousands): March 31, December 31, 2017 2016 LNG terminal costs LNG terminal construction-in-process $ 6,906,427 $ 6,060,299 LNG site and related costs 14,006 14,006 Total LNG terminal costs 6,920,433 6,074,305 Fixed assets Fixed assets 2,957 2,620 Accumulated depreciation (361 ) (253 ) Total fixed assets, net 2,596 2,367 Property, plant and equipment, net $ 6,923,029 $ 6,076,672

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Net Presentation on Consolidated Balance Sheets	The following table (in thousands) shows the fair value of our derivatives outstanding on a gross and net basis: Gross Amounts Recognized Gross Amounts Offset in the Consolidated Balance Sheets Net Amounts Presented in the Consolidated Balance Sheets Offsetting Derivative Assets (Liabilities) As of March 31, 2017 CCH Interest Rate Derivatives $ (81,662 ) $ 6,910 $ (74,752 ) As of December 31, 2016 CCH Interest Rate Derivatives (95,923 ) 9,435 (86,488 )
Interest Rate Derivatives [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of Notional Amounts of Outstanding Derivative Positions	As of March 31, 2017 , we had the following Interest Rate Derivatives outstanding: Initial Notional Amount Maximum Notional Amount Effective Date Maturity Date Weighted Average Fixed Interest Rate Paid Variable Interest Rate Received Interest Rate Derivatives $28.8 million $5.5 billion May 20, 2015 May 31, 2022 2.29% One-month LIBOR
Fair Value of Derivative Instruments by Balance Sheet Location	The following table (in thousands) shows the fair value and location of our Interest Rate Derivatives on our Consolidated Balance Sheets: March 31, December 31, Balance Sheet Location 2017 2016 Derivative liabilities $ (37,637 ) $ (43,383 ) Non-current derivative liabilities (37,115 ) (43,105 ) Total derivative liabilities $ (74,752 ) $ (86,488 )
Derivative Instruments, Gain (Loss)	The following table (in thousands) shows the changes in the fair value and settlements of our Interest Rate Derivatives recorded in derivative gain (loss), net on our Consolidated Statements of Operations during the three months ended March 31, 2017 and 2016 : Three Months Ended March 31, 2017 2016 Interest Rate Derivatives gain (loss) $ 1,000 $ (160,176 )

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2017
Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	As of March 31, 2017 and December 31, 2016 , accrued liabilities consisted of the following (in thousands): March 31, December 31, 2017 2016 Interest costs and related debt fees $ 49,555 $ 59,994 Liquefaction Project costs 133,122 73,150 Other 7,179 4,504 Total accrued liabilities $ 189,856 $ 137,648

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of Debt Instruments	As of March 31, 2017 and December 31, 2016 , our debt consisted of the following (in thousands): March 31, December 31, 2017 2016 Long-term debt 7.000% Senior Secured Notes due 2024 (“2024 CCH Senior Notes”) $ 1,250,000 $ 1,250,000 5.875% Senior Secured Notes due 2025 (“2025 CCH Senior Notes”) 1,500,000 1,500,000 2015 CCH Credit Facility 2,928,788 2,380,788 Unamortized debt issuance costs (47,825 ) (49,073 ) Total long-term debt, net 5,630,963 5,081,715 Current debt $350 million CCH Working Capital Facility (“CCH Working Capital Facility”) — — Total debt, net $ 5,630,963 $ 5,081,715
Schedule of Line of Credit Facilities	Below is a summary (in thousands) of our credit facilities outstanding as of March 31, 2017 : 2015 CCH Credit Facility CCH Working Capital Facility Original facility size $ 8,403,714 $ 350,000 Outstanding balance 2,928,788 — Commitments terminated 2,420,212 — Letters of credit issued — 82,161 Available commitment $ 3,054,714 $ 267,839 Interest rate LIBOR plus 2.25% or base rate plus 1.25% (1) LIBOR plus 1.50% - 2.00% or base rate plus 0.50% - 1.00% Maturity date Earlier of May 13, 2022 or second anniversary of CCL Trains 1 and 2 completion date December 14, 2021, with various terms for underlying loans (1) There is a 0.25% step-up for both LIBOR and base rate loans following completion of the first two Trains of the Liquefaction Project .
Schedule of Interest Expense	Total interest expense consisted of the following (in thousands): Three Months Ended March 31, 2017 2016 Total interest cost $ 80,188 $ 41,595 Capitalized interest, including amounts capitalized as an Allowance for Funds Used During Construction (80,188 ) (41,595 ) Total interest expense, net $ — $ —
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The following table (in thousands) shows the carrying amount and estimated fair value of our debt: March 31, 2017 December 31, 2016 Carrying Estimated Carrying Estimated Senior notes (1) $ 2,750,000 $ 2,931,250 $ 2,750,000 $ 2,901,563 Credit facilities (2) 2,928,788 2,928,788 2,380,788 2,380,788 (1) Includes 2024 CCH Senior Notes and 2025 CCH Senior Notes (collectively, the “CCH Senior Notes”) . The Level 2 estimated fair value was based on quotes obtained from broker-dealers or market makers of the CCH Senior Notes and other similar instruments. (2) Includes 2015 CCH Credit Facility and CCH Working Capital Facility . The Level 3 estimated fair value approximates the principal amount because the interest rates are variable and reflective of market rates and the debt may be repaid, in full or in part, at any time without penalty.

Supplemental Cash Flow Inform22

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2017
Supplemental Cash Flow Information [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	The following table (in thousands) provides supplemental disclosure of cash flow information: Three Months Ended March 31, 2017 2016 Cash paid during the period for interest, net of amounts capitalized $ 2,052 $ 470

Recent Accounting Standards (Ta

Recent Accounting Standards (Tables)	3 Months Ended
	Mar. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Standards, Not Yet Adopted	The following table provides a brief description of recent accounting standards that had not been adopted by the Company as of March 31, 2017 : Standard Description Expected Date of Adoption Effect on our Consolidated Financial Statements or Other Significant Matters ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , and subsequent amendments thereto This standard provides a single, comprehensive revenue recognition model which replaces and supersedes most existing revenue recognition guidance and requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard requires that the costs to obtain and fulfill contracts with customers should be recognized as assets and amortized to match the pattern of transfer of goods or services to the customer if expected to be recoverable. The standard also requires enhanced disclosures. This guidance may be adopted either retrospectively to each prior reporting period presented subject to allowable practical expedients (“full retrospective approach”) or as a cumulative-effect adjustment as of the date of adoption (“modified retrospective approach”). January 1, 2018 We continue to evaluate the effect of this standard on our Consolidated Financial Statements. Preliminarily, we plan to adopt this standard using the full retrospective approach and we do not currently anticipate that the adoption will have a material impact upon our revenues. The Financial Accounting Standards Board has issued and may issue in the future amendments and interpretive guidance which may cause our evaluation to change. Furthermore, we routinely enter into new contracts and we cannot predict with certainty whether the accounting for any future contract under the new standard would result in a significant change from existing guidance. Because this assessment is preliminary and the accounting for revenue recognition is subject to significant judgment, this conclusion could change as we finalize our assessment. We have not yet determined the impact that recognizing fulfillment costs as assets will have on our Consolidated Financial Statements. Standard Description Expected Date of Adoption Effect on our Consolidated Financial Statements or Other Significant Matters ASU 2016-02, Leases (Topic 842) This standard requires a lessee to recognize leases on its balance sheet by recording a lease liability representing the obligation to make future lease payments and a right-of-use asset representing the right to use the underlying asset for the lease term. A lessee is permitted to make an election not to recognize lease assets and liabilities for leases with a term of 12 months or less. The standard also modifies the definition of a lease and requires expanded disclosures. This guidance may be early adopted, and must be adopted using a modified retrospective approach with certain available practical expedients. January 1, 2019 We continue to evaluate the effect of this standard on our Consolidated Financial Statements. Preliminarily, we expect that the requirement to recognize all leases on our Consolidated Balance Sheets will be a significant change from current practice but will not have a material impact upon our Consolidated Balance Sheets. Because this assessment is preliminary and the accounting for leases is subject to significant judgment, this conclusion could change as we finalize our assessment. We have not yet determined the impact of the adoption of this standard upon our results of operations or cash flows, whether we will elect to early adopt this standard or which, if any, practical expedients we will elect upon transition. ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory This standard requires the immediate recognition of the tax consequences of intercompany asset transfers other than inventory. This guidance may be early adopted, but only at the beginning of an annual period, and must be adopted using a modified retrospective approach. January 1, 2018 We are currently evaluating the impact of the provisions of this guidance on our Consolidated Financial Statements and related disclosures.

Supplemental Guarantor Inform24

Supplemental Guarantor Information (Tables)	3 Months Ended
	Mar. 31, 2017
Supplemental Guarantor Financial Information [Abstract]
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet March 31, 2017 (in thousands) Parent Issuer Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ — $ — $ — $ — Restricted cash 142,773 — — 142,773 Advances to affiliate — 24,703 — 24,703 Other current assets 34 707 — 741 Other current assets—affiliate — 90 (1 ) 89 Total current assets 142,807 25,500 (1 ) 168,306 Property, plant and equipment, net 381,672 6,541,357 — 6,923,029 Debt issuance and deferred financing costs, net 148,788 — — 148,788 Investments in subsidiaries 6,550,601 — (6,550,601 ) — Other non-current assets, net — 29,885 — 29,885 Total assets $ 7,223,868 $ 6,596,742 $ (6,550,602 ) $ 7,270,008 LIABILITIES AND MEMBER’S EQUITY Current liabilities Accounts payable $ — $ 13,654 $ — $ 13,654 Accrued liabilities 50,433 139,423 — 189,856 Due to affiliates — 7,702 — 7,702 Derivative liabilities 37,637 — — 37,637 Total current liabilities 88,070 160,779 — 248,849 Long-term debt, net 5,630,963 — — 5,630,963 Non-current derivative liabilities 37,115 — — 37,115 Member’s equity 1,467,720 6,435,963 (6,550,602 ) 1,353,081 Total liabilities and member’s equity $ 7,223,868 $ 6,596,742 $ (6,550,602 ) $ 7,270,008 Condensed Consolidating Balance Sheet December 31, 2016 (in thousands) Parent Issuer Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ — $ — $ — $ — Restricted cash 197,201 — — 197,201 Advances to affiliate — 20,108 — 20,108 Other current assets 152 37,043 — 37,195 Other current assets—affiliate — 142 (1 ) 141 Total current assets 197,353 57,293 (1 ) 254,645 Non-current restricted cash 73,339 — — 73,339 Property, plant and equipment, net 306,342 5,770,330 — 6,076,672 Debt issuance and deferred financing costs, net 155,847 — — 155,847 Investments in subsidiaries 5,927,833 — (5,927,833 ) — Non-current advances under long-term contracts — 46,398 — 46,398 Other non-current assets, net 50 29,497 — 29,547 Total assets $ 6,660,764 $ 5,903,518 $ (5,927,834 ) $ 6,636,448 LIABILITIES AND MEMBER’S EQUITY Current liabilities Accounts payable $ 332 $ 8,788 $ — $ 9,120 Accrued liabilities 61,328 76,320 — 137,648 Due to affiliates — 7,050 — 7,050 Derivative liabilities 43,383 — — 43,383 Total current liabilities 105,043 92,158 — 197,201 Long-term debt, net 5,081,715 — — 5,081,715 Non-current derivative liabilities 43,105 — — 43,105 Other non-current liabilities—affiliate — 618 — 618 Member’s equity 1,430,901 5,810,742 (5,927,834 ) 1,313,809 Total liabilities and member’s equity $ 6,660,764 $ 5,903,518 $ (5,927,834 ) $ 6,636,448
Condensed Consolidated Statement of Operations	Condensed Consolidating Statement of Operations Three Months Ended March 31, 2017 (in thousands) Parent Issuer Guarantors Eliminations Consolidated Revenues $ — $ — $ — $ — Expenses Operating and maintenance expense — 706 — 706 Operating and maintenance expense—affiliate — 53 — 53 Development expense — 92 — 92 Development expense—affiliate — 8 — 8 General and administrative expense 311 1,104 — 1,415 General and administrative expense—affiliate — 311 — 311 Depreciation and amortization expense — 134 — 134 Total expenses 311 2,408 — 2,719 Loss from operations (311 ) (2,408 ) — (2,719 ) Other income (expense) Derivative gain, net 1,000 — — 1,000 Other income (expense) (40 ) 4,860 (4,858 ) (38 ) Total other income (expense) 960 4,860 (4,858 ) 962 Net income (loss) $ 649 $ 2,452 $ (4,858 ) $ (1,757 ) Condensed Consolidating Statement of Operations Three Months Ended March 31, 2016 (in thousands) Parent Issuer Guarantors Eliminations Consolidated Revenues $ — $ — $ — $ — Expenses Operating and maintenance expense — 216 — 216 Operating and maintenance expense—affiliate — 3 — 3 Development expense recovery — (132 ) — (132 ) Development expense recovery—affiliate — (178 ) — (178 ) General and administrative expense 107 668 — 775 General and administrative expense—affiliate — 17 — 17 Depreciation and amortization expense — 32 — 32 Total expenses 107 626 — 733 Loss from operations (107 ) (626 ) — (733 ) Other income (expense) Derivative loss, net (160,176 ) — — (160,176 ) Other income 23 2 — 25 Total other income (expense) (160,153 ) 2 — (160,151 ) Net loss $ (160,260 ) $ (624 ) $ — $ (160,884 )
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2017 (in thousands) Parent Issuer Guarantors Eliminations Consolidated Cash flows from operating activities Net income (loss) $ 649 $ 2,452 $ (4,858 ) $ (1,757 ) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation and amortization expense — 134 — 134 Allowance for funds used during construction — (4,858 ) 4,858 — Total gains on derivatives, net (1,000 ) — — (1,000 ) Net cash used for settlement of derivative instruments (10,736 ) — — (10,736 ) Changes in operating assets and liabilities: Accounts payable and accrued liabilities 269 34 — 303 Due to affiliates — 676 — 676 Other, net 117 (423 ) — (306 ) Other, net—affiliate — (566 ) — (566 ) Net cash used in operating activities (10,701 ) (2,551 ) — (13,252 ) Cash flows from investing activities Property, plant and equipment, net (82,239 ) (656,558 ) — (738,797 ) Investments in subsidiaries (622,768 ) — 622,768 — Other — 36,341 — 36,341 Net cash used in investing activities (705,007 ) (620,217 ) 622,768 (702,456 ) Cash flows from financing activities Proceeds from issuances of long-term debt 548,000 — — 548,000 Debt issuance and deferred financing costs (1,088 ) — — (1,088 ) Capital contributions 41,029 622,768 (622,768 ) 41,029 Net cash provided by financing activities 587,941 622,768 (622,768 ) 587,941 Net decrease in cash, cash equivalents and restricted cash (127,767 ) — — (127,767 ) Cash, cash equivalents and restricted cash—beginning of period 270,540 — — 270,540 Cash, cash equivalents and restricted cash—end of period $ 142,773 $ — $ — $ 142,773 Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2016 (in thousands) Parent Issuer Guarantors Eliminations Consolidated Cash flows from operating activities Net loss $ (160,260 ) $ (624 ) $ — $ (160,884 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization expense — 32 — 32 Total losses on derivatives, net 160,176 — — 160,176 Net cash used for settlement of derivative instruments (5,870 ) — — (5,870 ) Changes in operating assets and liabilities: Accounts payable and accrued liabilities 67 298 — 365 Due to affiliates — (624 ) — (624 ) Other, net — (447 ) — (447 ) Other, net—affiliate — (430 ) — (430 ) Net cash used in operating activities (5,887 ) (1,795 ) — (7,682 ) Cash flows from investing activities Property, plant and equipment, net (32,426 ) (371,256 ) — (403,682 ) Investments in subsidiaries (385,487 ) — 385,487 — Other — (12,436 ) — (12,436 ) Net cash used in investing activities (417,913 ) (383,692 ) 385,487 (416,118 ) Cash flows from financing activities Proceeds from issuances of long-term debt 673,000 — — 673,000 Debt issuance and deferred financing costs (654 ) — — (654 ) Capital contributions — 385,487 (385,487 ) — Net cash provided by financing activities 672,346 385,487 (385,487 ) 672,346 Net increase in cash, cash equivalents and restricted cash 248,546 — — 248,546 Cash, cash equivalents and restricted cash—beginning of period 46,770 — — 46,770 Cash, cash equivalents and restricted cash—end of period $ 295,316 $ — $ — $ 295,316

Nature of Operations and Basi25

Nature of Operations and Basis of Presentation (Details)	3 Months Ended
	Mar. 31, 2017amiitemtrains
Corpus Christi LNG Terminal [Member]
Nature of Operations and Basis of Presentation [Line Items]
Acres of land owned or controlled | a	2,000
Number Of Development Stages | item	2
Number of Liquefaction LNG Trains | trains	3
Corpus Christi Pipeline [Member]
Nature of Operations and Basis of Presentation [Line Items]
Length Of Natural Gas Pipeline | mi	23

Restricted Cash (Details)

Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Restricted Cash and Cash Equivalents Items [Line Items]
Current restricted cash	$ 142,773	$ 197,201	$ 295,316
Non-current restricted cash	0	73,339
Liquefaction Project [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Current restricted cash	142,773	197,201
Non-current restricted cash	$ 0	$ 73,339

Property, Plant and Equipment27

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	$ 6,923,029		$ 6,076,672
Depreciation expense	100	$ 32
LNG terminal costs [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	6,920,433		6,074,305
LNG terminal construction-in-process [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	6,906,427		6,060,299
LNG site and related costs [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	14,006		14,006
Fixed assets [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,957		2,620
Accumulated depreciation	(361)		(253)
Property, plant and equipment, net	$ 2,596		$ 2,367

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Notional Amounts of Outstanding Derivative Positions (Details) - Interest Rate Derivatives [Member] $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Derivative [Line Items]
Notional Amount	$ 28.8
Effective Date	May 20, 2015
Maturity Date	May 31, 2022
Weighted Average Fixed Interest Rate Paid	2.29%
Variable Interest Rate Received	One-month LIBOR
Maximum [Member]
Derivative [Line Items]
Notional Amount	$ 5,500

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Derivative Instruments by Balance Sheet Location (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ (37,637)	$ (43,383)
Non-current derivative liabilities	(37,115)	(43,105)
Interest Rate Derivatives [Member]
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(74,752)	(86,488)
Interest Rate Derivatives [Member] | Derivative liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	(37,637)	(43,383)
Interest Rate Derivatives [Member] | Non-current derivative liabilities [Member]
Derivatives, Fair Value [Line Items]
Non-current derivative liabilities	$ (37,115)	$ (43,105)

Derivative Instruments - Deriva

Derivative Instruments - Derivative Instruments, Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Interest Rate Derivatives [Member] | Derivative gain (loss), net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gain (loss), net	$ 1,000	$ (160,176)

Derivative Instruments - Deri31

Derivative Instruments - Derivative Net Presentation on Consolidated Balance Sheets (Details) - Interest Rate Derivative Liability [Member] - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivative Liability, Gross Amounts Recognized	$ (81,662)	$ (95,923)
Derivative Liability, Gross Amounts Offset in the Consolidated Balance Sheets	6,910	9,435
Derivative Liabilities, at Fair Value, Net	$ (74,752)	$ (86,488)

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Accrued Liabilities, Current [Abstract]
Interest costs and related debt fees	$ 49,555	$ 59,994
Liquefaction Project costs	133,122	73,150
Other	7,179	4,504
Total accrued liabilities	$ 189,856	$ 137,648

Debt - Schedule of Debt Instrum

Debt - Schedule of Debt Instruments (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Long-term Debt, Net	$ 5,630,963,000	$ 5,081,715,000
Unamortized debt issuance costs	(47,825,000)	(49,073,000)
Current Debt, CCH Working Capital Facility	0	0
Total Debt, Net	5,630,963,000	5,081,715,000
2024 CCH Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Net	$ 1,250,000,000	1,250,000,000
Debt Instrument, Interest Rate, Stated Percentage	7.00%
2025 CCH Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Net	$ 1,500,000,000	1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.875%
2015 CCH Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt, Net	$ 2,928,788,000	$ 2,380,788,000
CCH Working Capital Facility [Member]
Debt Instrument [Line Items]
Current Debt, CCH Working Capital Facility	0
Line of Credit Facility, Maximum Borrowing Capacity	$ 350,000,000

Debt - Credit Facilities (Detai

Debt - Credit Facilities (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Line of Credit Facility [Line Items]
Outstanding balance		$ 5,630,963	$ 5,081,715
Outstanding balance, current		0	0
2015 CCH Credit Facility [Member]
Line of Credit Facility [Line Items]
Original facility size		8,403,714
Outstanding balance		2,928,788	$ 2,380,788
Commitments terminated		2,420,212
Letters of credit issued		0
Available commitment		$ 3,054,714
Debt Instrument, Description of Variable Rate Basis		LIBOR or base rate
Debt Instrument, Maturity Date, Description		Earlier of May 13, 2022 or second anniversary of CCL Trains 1 and 2 completion date
2015 CCH Credit Facility [Member] | Completion Of First Two Trains [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Increase		0.25%
2015 CCH Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	[1]	2.25%
2015 CCH Credit Facility [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	[1]	1.25%
CCH Working Capital Facility [Member]
Line of Credit Facility [Line Items]
Original facility size		$ 350,000
Outstanding balance, current		0
Commitments terminated		0
Letters of credit issued		82,161
Available commitment		$ 267,839
Debt Instrument, Description of Variable Rate Basis		LIBOR or base rate
Debt Instrument, Maturity Date, Description		December 14, 2021, with various terms for underlying loans
CCH Working Capital Facility [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.50%
CCH Working Capital Facility [Member] | Minimum [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.50%
CCH Working Capital Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.00%
CCH Working Capital Facility [Member] | Maximum [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.00%
[1]	There is a 0.25% step-up for both LIBOR and base rate loans following completion of the first two Trains of the Liquefaction Project.

Debt - Interest Expense (Detail

Debt - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Debt Disclosure [Abstract]
Total interest cost	$ 80,188	$ 41,595
Capitalized interest, including amounts capitalized as an Allowance for Funds Used During Construction	(80,188)	(41,595)
Total interest expense, net	$ 0	$ 0

Debt - Schedule of Carrying Val

Debt - Schedule of Carrying Values and Estimated Fair Values of Debt Instruments (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, Carrying Value		$ 5,630,963	$ 5,081,715
Senior notes [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, Carrying Value	[1]	2,750,000	2,750,000
Senior notes [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes Payable, Fair Value Disclosure	[1]	2,931,250	2,901,563
Credit facilities [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, Carrying Value	[2]	2,928,788	2,380,788
Credit facilities [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of Credit, Fair Value Disclosure	[2]	$ 2,928,788	$ 2,380,788
[1]	Includes 2024 CCH Senior Notes and 2025 CCH Senior Notes (collectively, the “CCH Senior Notes”). The Level 2 estimated fair value was based on quotes obtained from broker-dealers or market makers of the CCH Senior Notes and other similar instruments.
[2]	Includes 2015 CCH Credit Facility and CCH Working Capital Facility. The Level 3 estimated fair value approximates the principal amount because the interest rates are variable and reflective of market rates and the debt may be repaid, in full or in part, at any time without penalty.

Related Party Transactions (Det

Related Party Transactions (Details)	3 Months Ended
	Mar. 31, 2017USD ($)aMMBTU / yritemyd3MMBTUtrains$ / MMBTU	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Related Party Transaction [Line Items]
Due to affiliates	$ 7,702,000		$ 7,050,000
Other non-current liabilities—affiliate	0		618,000
Operating and maintenance expense—affiliate	53,000	$ 3,000
Other current assets—affiliate	89,000		$ 141,000
Cash contributions	$ 41,029,000	0
LNG Sale and Purchase Agreements [Member] | Cheniere Marketing UK | CCL [Member]
Related Party Transaction [Line Items]
Number Of Fixed Price Contracts | item	2
Sale and Purchase Agreement, Term of Agreement	20 years
Cheniere Marketing Foundation SPA [Member] | Cheniere Marketing UK | CCL [Member]
Related Party Transaction [Line Items]
LNG Volume, Purchase Price | $ / MMBTU	3.50
LNG Volume, Purchase Price Percentage of Henry Hub	115.00%
Contract Volumes | MMBTU / yr	40,000,000
Cheniere Marketing Base SPA [Member] | Cheniere Marketing UK | CCL [Member]
Related Party Transaction [Line Items]
LNG Volume, Purchase Price | $ / MMBTU	3
LNG Volume, Purchase Price Percentage of Henry Hub	115.00%
Cheniere Marketing Base SPA [Member] | Cheniere Marketing UK | CCL [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Contract Volumes | MMBTU	150,000,000
Service Agreements [Member]
Related Party Transaction [Line Items]
Expenses (recoveries)—affiliate	$ 300,000	$ (200,000)
Gas and Power Supply Services Agreement [Member] | Shared Services [Member] | CCL [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Committed Monthly Fee	125,000
Operation and Maintenance Agreement [Member] | O&M Services [Member] | CCL [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Committed Monthly Fee	125,000
Management Services Agreement [Member] | Shared Services [Member] | CCL [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Committed Monthly Fee	$ 375,000
Monthly fee as a percentage of capital expenditures incurred in the previous month	3.00%
Lease Agreement [Member] | Cheniere Land Holdings [Member] | CCL [Member]
Related Party Transaction [Line Items]
Area of Land | a	35
Annual lease payment	$ 210,000
Lease Term	5 years
Operating and maintenance expense—affiliate	$ 100,000
Other current assets—affiliate	100,000
Dredge Material Disposal Agreement [Member] | Cheniere Land Holdings [Member] | CCL [Member]
Related Party Transaction [Line Items]
Dredge Material Deposits, Price Per Deposit	$ 0.50
Dredge Material Deposits, Deposit Amounts | yd3	5,000,000
Tax Sharing Agreement [Member] | Cheniere [Member] | CCL [Member]
Related Party Transaction [Line Items]
Income Taxes Paid, Net	$ 0
Tax Sharing Agreement [Member] | Cheniere [Member] | CCP [Member]
Related Party Transaction [Line Items]
Income Taxes Paid, Net	0
Equity Contributions Agreement [Member] | Cheniere [Member]
Related Party Transaction [Line Items]
Cash contributions	1,500,000,000
Equity Contributions Agreement [Member] | Cheniere [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Cash contributions	$ 2,600,000,000
Corpus Christi LNG Terminal [Member]
Related Party Transaction [Line Items]
Area of Land | a	2,000
Number of Liquefaction LNG Trains | trains	3
Corpus Christi LNG Terminal [Member] | Phase 1 [Member] | Equity Contributions Agreement [Member]
Related Party Transaction [Line Items]
Number of Liquefaction LNG Trains | trains	2
Number Of LNG Storage Tanks | item	2
Number of Marine Berths | item	1

Supplemental Cash Flow Inform38

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Supplemental Cash Flow Information [Abstract]
Cash paid during the period for interest, net of amounts capitalized	$ 2,052	$ 470
Balance in property, plant and equipment, net funded with accounts payable and accrued liabilities (including affiliate)	$ 213,400	$ 290,500

Supplemental Guarantor Inform39

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Current assets
Cash and cash equivalents	$ 0	$ 0	$ 0
Restricted cash	142,773	197,201	$ 295,316
Advances to affiliate	24,703	20,108
Other current assets	741	37,195
Other current assets—affiliate	89	141
Total current assets	168,306	254,645
Non-current restricted cash	0	73,339
Property, plant and equipment, net	6,923,029	6,076,672
Debt issuance and deferred financing costs, net	148,788	155,847
Investments in subsidiaries	0	0
Non-current advances under long-term contracts	0	46,398
Other non-current assets, net	29,885	29,547
Total assets	7,270,008	6,636,448
Current liabilities
Accounts payable	13,654	9,120
Accrued liabilities	189,856	137,648
Due to affiliates	7,702	7,050
Derivative liabilities	37,637	43,383
Total current liabilities	248,849	197,201
Long-term debt, net	5,630,963	5,081,715
Non-current derivative liabilities	37,115	43,105
Other non-current liabilities—affiliate	0	618
Member’s equity	1,353,081	1,313,809
Total liabilities and member’s equity	7,270,008	6,636,448
Parent Issuer [Member]
Current assets
Cash and cash equivalents	0	0
Restricted cash	142,773	197,201
Advances to affiliate	0	0
Other current assets	34	152
Other current assets—affiliate	0	0
Total current assets	142,807	197,353
Non-current restricted cash		73,339
Property, plant and equipment, net	381,672	306,342
Debt issuance and deferred financing costs, net	148,788	155,847
Investments in subsidiaries	6,550,601	5,927,833
Non-current advances under long-term contracts		0
Other non-current assets, net	0	50
Total assets	7,223,868	6,660,764
Current liabilities
Accounts payable	0	332
Accrued liabilities	50,433	61,328
Due to affiliates	0	0
Derivative liabilities	37,637	43,383
Total current liabilities	88,070	105,043
Long-term debt, net	5,630,963	5,081,715
Non-current derivative liabilities	37,115	43,105
Other non-current liabilities—affiliate		0
Member’s equity	1,467,720	1,430,901
Total liabilities and member’s equity	7,223,868	6,660,764
Guarantors [Member]
Current assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Advances to affiliate	24,703	20,108
Other current assets	707	37,043
Other current assets—affiliate	90	142
Total current assets	25,500	57,293
Non-current restricted cash		0
Property, plant and equipment, net	6,541,357	5,770,330
Debt issuance and deferred financing costs, net	0	0
Investments in subsidiaries	0	0
Non-current advances under long-term contracts		46,398
Other non-current assets, net	29,885	29,497
Total assets	6,596,742	5,903,518
Current liabilities
Accounts payable	13,654	8,788
Accrued liabilities	139,423	76,320
Due to affiliates	7,702	7,050
Derivative liabilities	0	0
Total current liabilities	160,779	92,158
Long-term debt, net	0	0
Non-current derivative liabilities	0	0
Other non-current liabilities—affiliate		618
Member’s equity	6,435,963	5,810,742
Total liabilities and member’s equity	6,596,742	5,903,518
Eliminations [Member]
Current assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Advances to affiliate	0	0
Other current assets	0	0
Other current assets—affiliate	(1)	(1)
Total current assets	(1)	(1)
Non-current restricted cash		0
Property, plant and equipment, net	0	0
Debt issuance and deferred financing costs, net	0	0
Investments in subsidiaries	(6,550,601)	(5,927,833)
Non-current advances under long-term contracts		0
Other non-current assets, net	0	0
Total assets	(6,550,602)	(5,927,834)
Current liabilities
Accounts payable	0	0
Accrued liabilities	0	0
Due to affiliates	0	0
Derivative liabilities	0	0
Total current liabilities	0	0
Long-term debt, net	0	0
Non-current derivative liabilities	0	0
Other non-current liabilities—affiliate		0
Member’s equity	(6,550,602)	(5,927,834)
Total liabilities and member’s equity	$ (6,550,602)	$ (5,927,834)

Supplemental Guarantor Inform40

Supplemental Guarantor Information - Condensed Consolidating Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Condensed Income Statements, Captions [Line Items]
Revenues	$ 0	$ 0
Expenses
Operating and maintenance expense	706	216
Operating and maintenance expense—affiliate	53	3
Development expense (recovery)	92	(132)
Development expense (recovery)—affiliate	8	(178)
General and administrative expense	1,415	775
General and administrative expense—affiliate	311	17
Depreciation and amortization expense	134	32
Total expenses	2,719	733
Loss from operations	(2,719)	(733)
Other income (expense)
Derivative gain (loss), net	1,000	(160,176)
Other income (expense)	(38)	25
Total other income (expense)	962	(160,151)
Net income (loss)	(1,757)	(160,884)
Parent Issuer [Member]
Condensed Income Statements, Captions [Line Items]
Revenues	0	0
Expenses
Operating and maintenance expense	0	0
Operating and maintenance expense—affiliate	0	0
Development expense (recovery)	0	0
Development expense (recovery)—affiliate	0	0
General and administrative expense	311	107
General and administrative expense—affiliate	0	0
Depreciation and amortization expense	0	0
Total expenses	311	107
Loss from operations	(311)	(107)
Other income (expense)
Derivative gain (loss), net	1,000	(160,176)
Other income (expense)	(40)	23
Total other income (expense)	960	(160,153)
Net income (loss)	649	(160,260)
Guarantors [Member]
Condensed Income Statements, Captions [Line Items]
Revenues	0	0
Expenses
Operating and maintenance expense	706	216
Operating and maintenance expense—affiliate	53	3
Development expense (recovery)	92	(132)
Development expense (recovery)—affiliate	8	(178)
General and administrative expense	1,104	668
General and administrative expense—affiliate	311	17
Depreciation and amortization expense	134	32
Total expenses	2,408	626
Loss from operations	(2,408)	(626)
Other income (expense)
Derivative gain (loss), net	0	0
Other income (expense)	4,860	2
Total other income (expense)	4,860	2
Net income (loss)	2,452	(624)
Eliminations [Member]
Condensed Income Statements, Captions [Line Items]
Revenues	0	0
Expenses
Operating and maintenance expense	0	0
Operating and maintenance expense—affiliate	0	0
Development expense (recovery)	0	0
Development expense (recovery)—affiliate	0	0
General and administrative expense	0	0
General and administrative expense—affiliate	0	0
Depreciation and amortization expense	0	0
Total expenses	0	0
Loss from operations	0	0
Other income (expense)
Derivative gain (loss), net	0	0
Other income (expense)	(4,858)	0
Total other income (expense)	(4,858)	0
Net income (loss)	$ (4,858)	$ 0

Supplemental Guarantor Inform41

Supplemental Guarantor Information - Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities
Net income (loss)	$ (1,757)	$ (160,884)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization expense	134	32
Allowance for funds used during construction	0
Total losses (gains) on derivatives, net	(1,000)	160,176
Net cash used for settlement of derivative instruments	(10,736)	(5,870)
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	303	365
Due to affiliates	676	(624)
Other, net	(306)	(447)
Other, net—affiliate	(566)	(430)
Net cash used in operating activities	(13,252)	(7,682)
Cash flows from investing activities
Property, plant and equipment, net	(738,797)	(403,682)
Investments in subsidiaries	0	0
Other	36,341	(12,436)
Net cash used in investing activities	(702,456)	(416,118)
Cash flows from financing activities
Proceeds from issuances of long-term debt	548,000	673,000
Debt issuance and deferred financing costs	(1,088)	(654)
Capital contributions	41,029	0
Net cash provided by financing activities	587,941	672,346
Net increase (decrease) in cash, cash equivalents and restricted cash	(127,767)	248,546
Cash, cash equivalents and restricted cash—beginning of period	270,540	46,770
Cash, cash equivalents and restricted cash—end of period	142,773	295,316
Parent Issuer [Member]
Cash flows from operating activities
Net income (loss)	649	(160,260)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization expense	0	0
Allowance for funds used during construction	0
Total losses (gains) on derivatives, net	(1,000)	160,176
Net cash used for settlement of derivative instruments	(10,736)	(5,870)
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	269	67
Due to affiliates	0	0
Other, net	117	0
Other, net—affiliate	0	0
Net cash used in operating activities	(10,701)	(5,887)
Cash flows from investing activities
Property, plant and equipment, net	(82,239)	(32,426)
Investments in subsidiaries	(622,768)	(385,487)
Other	0	0
Net cash used in investing activities	(705,007)	(417,913)
Cash flows from financing activities
Proceeds from issuances of long-term debt	548,000	673,000
Debt issuance and deferred financing costs	(1,088)	(654)
Capital contributions	41,029	0
Net cash provided by financing activities	587,941	672,346
Net increase (decrease) in cash, cash equivalents and restricted cash	(127,767)	248,546
Cash, cash equivalents and restricted cash—beginning of period	270,540	46,770
Cash, cash equivalents and restricted cash—end of period	142,773	295,316
Guarantors [Member]
Cash flows from operating activities
Net income (loss)	2,452	(624)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization expense	134	32
Allowance for funds used during construction	(4,858)
Total losses (gains) on derivatives, net	0	0
Net cash used for settlement of derivative instruments	0	0
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	34	298
Due to affiliates	676	(624)
Other, net	(423)	(447)
Other, net—affiliate	(566)	(430)
Net cash used in operating activities	(2,551)	(1,795)
Cash flows from investing activities
Property, plant and equipment, net	(656,558)	(371,256)
Investments in subsidiaries	0	0
Other	36,341	(12,436)
Net cash used in investing activities	(620,217)	(383,692)
Cash flows from financing activities
Proceeds from issuances of long-term debt	0	0
Debt issuance and deferred financing costs	0	0
Capital contributions	622,768	385,487
Net cash provided by financing activities	622,768	385,487
Net increase (decrease) in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash—beginning of period	0	0
Cash, cash equivalents and restricted cash—end of period	0	0
Eliminations [Member]
Cash flows from operating activities
Net income (loss)	(4,858)	0
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization expense	0	0
Allowance for funds used during construction	4,858
Total losses (gains) on derivatives, net	0	0
Net cash used for settlement of derivative instruments	0	0
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	0	0
Due to affiliates	0	0
Other, net	0	0
Other, net—affiliate	0	0
Net cash used in operating activities	0	0
Cash flows from investing activities
Property, plant and equipment, net	0	0
Investments in subsidiaries	622,768	385,487
Other	0	0
Net cash used in investing activities	622,768	385,487
Cash flows from financing activities
Proceeds from issuances of long-term debt	0	0
Debt issuance and deferred financing costs	0	0
Capital contributions	(622,768)	(385,487)
Net cash provided by financing activities	(622,768)	(385,487)
Net increase (decrease) in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash—beginning of period	0	0
Cash, cash equivalents and restricted cash—end of period	$ 0	$ 0