0001637757-23-000017 | 10-Q | XBRL Viewer

Investments Accounted for by the Equity Method and Variable Interest Entities

9 Months Ended

Sep. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

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 2022 Form 10-K.

Rosie Central BESS — On June 30, 2023, the Company, through its indirect subsidiary, Rosie Class B LLC, the indirect owner of the Rosamond Central solar project, became the owner of the Class B membership interests of Rosie Central BESS in order to facilitate and fund the construction of a 147 MW BESS project that is co-located at the Rosamond Central solar facility. Clearway Renew indirectly owns the Class A membership interests and controls Rosie Central BESS. The Company accounts for its investment in Rosie Central BESS as an equity method investment. As of September 30, 2023, the Company’s investment consisted of $28 million contributed into Rosie Central BESS, funded through contributions from the Company and its cash equity investor in Rosie TargetCo LLC, which consolidates Rosie Class B LLC.

Additionally, on June 30, 2023, the Rosamond Central solar project entered into an asset purchase agreement with Clearway Renew to acquire the BESS project assets at mechanical completion, which is expected to occur in the fourth quarter of 2023, for initial cash consideration of $72 million, $17 million of which will be funded by the Company with the remaining $55 million to be funded through contributions from the cash equity investor in Rosie TargetCo LLC and the tax equity investor in Rosie TE HoldCo LLC. At substantial completion, which is expected to occur in the first half of 2024, the Rosamond Central solar project will pay an additional $288 million to Clearway Renew, $67 million of which will be funded by the Company with the remaining $221 million to be funded through contributions from the cash equity and tax equity investors. The BESS project has a PPA for capacity with an investment-grade utility that has a 15-year contract duration that will commence when the project reaches commercial operations, which is expected to occur in the first half of 2024. In order to facilitate and fund the construction of the BESS project, Rosie Class B LLC, the indirect owner of the Rosamond Central solar project, issued a loan to a consolidated subsidiary of Clearway Renew that is included in note receivable — affiliate on the Company’s consolidated balance sheet, as further discussed in Note 7, Long-term Debt.

The Company’s maximum exposure to loss as of September 30, 2023 is limited to its equity investment in the unconsolidated entities, as further summarized in the table below:


Name	Economic Interest	Investment Balance
		(In millions)
Avenal	50%	$	7
Desert Sunlight	25%	234
Elkhorn Ridge	67%	15
GenConn (a)	50%	79
Rosie Central BESS (a)	50%	28
San Juan Mesa	75%	10
		$	373

(a) GenConn and Rosie Central BESS are variable interest entities.

Entities that are Consolidated

As further described under Item 15 — Note 5, Investments Accounted for by the Equity Method and Variable Interest Entities, to the consolidated financial statements included in the Company’s 2022 Form 10-K, the Company has a controlling financial interest in certain entities which have been identified as VIEs under ASC 810, Consolidations, or ASC 810. These arrangements are primarily related to tax equity arrangements entered into with third parties in order to monetize certain tax credits associated with wind and solar facilities. The Company also has a controlling financial interest in certain partnership arrangements with third-party investors, which have also been identified as VIEs. Under the Company’s arrangements that have been identified as VIEs, the third-party investors are allocated earnings, tax attributes and distributable cash in accordance with the respective limited liability agreements. Many of these arrangements also provide a mechanism to facilitate achievement of the investor’s specified return by providing incremental cash distributions to the investor at a specified date if the specified return has not yet been achieved.

The discussion below describes material changes to VIEs during the nine months ended September 30, 2023.

Lighthouse Partnership Arrangements — On August 30, 2023, the Company and the cash equity investor in Lighthouse Renewable Holdco LLC and Lighthouse Renewable Holdco 2 LLC agreed to transfer Mesquite Star Class B Holdco LLC, the indirect owner of the Mesquite Star wind project, from Lighthouse Renewable Holdco LLC to Lighthouse Renewable Holdco 2 LLC.

Daggett 2 TargetCo LLC — As described in Note 3, Acquisitions and Dispositions, on August 30, 2023, Daggett Solar Investment LLC, an indirect subsidiary of the Company, acquired the Class A membership interests in Daggett 2 TargetCo LLC, a partnership between the Company and a cash equity investor. The Company consolidates Daggett 2 TargetCo LLC as a VIE as the Company is the primary beneficiary, through its role as managing member. The Company recorded the acquired noncontrolling interest of the cash equity investor in Daggett 2 TargetCo LLC at historical carrying amount. Daggett 2 TargetCo LLC consolidates as primary beneficiary, Daggett 2 TE Holdco LLC, a tax equity fund that owns the Daggett 2 solar project. The tax equity investor’s interest is shown as noncontrolling interest and the HLBV method is utilized to allocate the income or losses of Daggett 2 TE Holdco LLC.

Daggett Renewable Holdco LLC — As described in Note 3, Acquisitions and Dispositions, on February 17, 2023, Daggett Solar Investment LLC acquired the Class A membership interests in Daggett TargetCo LLC while a cash equity investor acquired the Class B membership interests. The Company and the cash equity investor then contributed their Class A and B membership interests, respectively, into Daggett Renewable Holdco LLC, a partnership between the Company and the cash equity investor, and concurrently, Daggett TargetCo LLC became a wholly-owned subsidiary of Daggett Renewable Holdco LLC. The Company consolidates Daggett Renewable Holdco LLC as a VIE as the Company is the primary beneficiary, through its role as managing member. The Company recorded the noncontrolling interest of the cash equity investor in Daggett Renewable Holdco LLC at historical carrying amount, with the offset to additional paid-in capital. Daggett TargetCo LLC consolidates as primary beneficiary, Daggett TE Holdco LLC, a tax equity fund that owns the Daggett 3 solar project. The tax equity investor’s interest is shown as noncontrolling interest and the HLBV method is utilized to allocate the income or losses of Daggett TE Holdco LLC.

Summarized financial information for the Company’s consolidated VIEs consisted of the following as of September 30, 2023:


(In millions)	Alta TE Holdco LLC		Buckthorn Holdings, LLC		DGPV Funds(a)		Daggett Renewable Holdco LLC (b)		Daggett 2 TargetCo LLC (c)		Langford TE Partnership LLC		Lighthouse Renewable Holdco LLC (d)
Other current and non-current assets	$	55	$	6	$	83	$	150	$	168	$	15	$	86
Property, plant and equipment	284		187		503		576		381		117		420
Intangible assets	190		—		13		—		—		2		—
Total assets	529		193		599		726		549		134		506
Current and non-current liabilities	38		11		66		491		360		62		142
Total liabilities	38		11		66		491		360		62		142
Noncontrolling interest	39		19		25		212		217		62		262
Net assets less noncontrolling interest	$	452	$	163	$	508	$	23	$	(28)	$	10	$	102

(a) DGPV Funds is comprised of Clearway & EFS Distributed Solar LLC, DGPV Fund 4 LLC, Golden Puma Fund LLC, Renew Solar CS4 Fund LLC and Chestnut Fund LLC, which are all tax equity funds.

(b) Daggett Renewable Holdco LLC consolidates Daggett TE Holdco LLC, which is a consolidated VIE that owns the Daggett 3 solar project.

(c) Daggett 2 TargetCo LLC consolidates Daggett 2 TE Holdco LLC, which is a consolidated VIE that owns the Daggett 2 solar project.

(d) Lighthouse Renewable Holdco LLC consolidates Black Rock TE Holdco LLC, Mililani TE Holdco LLC and Waiawa TE Holdco LLC, which are consolidated VIEs.


(In millions)	Lighthouse Renewable Holdco 2 LLC(a)		Oahu Solar LLC		Pinnacle Repowering TE Holdco LLC		Rattlesnake TE Holdco LLC		Rosie TargetCo LLC		Wildorado TE Holdco LLC		Other (b)
Other current and non-current assets	$	85	$	40	$	6	$	14	$	315	$	24	$	16
Property, plant and equipment	735		158		96		178		234		198		147
Intangible assets	—		—		15		—		—		—		1
Total assets	820		198		117		192		549		222		164
Current and non-current liabilities	296		22		4		17		341		21		77
Total liabilities	296		22		4		17		341		21		77
Noncontrolling interest	460		24		41		80		149		102		62
Net assets less noncontrolling interest	$	64	$	152	$	72	$	95	$	59	$	99	$	25

(a) Lighthouse Renewable Holdco 2 LLC consolidates Mesquite Sky TE Holdco LLC and Mesquite Star Tax Equity Holdco LLC, which are consolidated VIEs.

(b) Other is comprised of Elbow Creek TE Holdco LLC and the Spring Canyon projects.

Derivative Instruments and Hedging Activities - FV of Derivative Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	$ 183	$ 89
Derivative Liabilities	325	353
Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	32	25
Derivative Liabilities	0	0
Designated as Hedging Instrument \| Interest rate contracts current
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	7	7
Derivative Liabilities	0	0
Designated as Hedging Instrument \| Interest rate contracts long-term
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	25	18
Derivative Liabilities	0	0
Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	151	64
Derivative Liabilities	325	353
Not Designated as Hedging Instrument \| Interest rate contracts current
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	41	19
Derivative Liabilities	0	0
Not Designated as Hedging Instrument \| Interest rate contracts long-term
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	107	45
Derivative Liabilities	0	0
Not Designated as Hedging Instrument \| Commodity contracts current
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	3	0
Derivative Liabilities	54	50
Not Designated as Hedging Instrument \| Commodity contracts long-term
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	0	0
Derivative Liabilities	$ 271	$ 303

Acquisitions and Dispositions - Narrative (Details) $ in Millions	Oct. 31, 2023 USD ($) MW	Aug. 30, 2023 USD ($) MW	Feb. 17, 2023 USD ($) MW	Sep. 30, 2023 MW
Schedule of Asset Acquisition [Line Items]
Power generation capacity, megawatts (over) \| MW				8,000
Victory Pass and Arica Drop Down \| Subsequent Event
Schedule of Asset Acquisition [Line Items]
Power generation storage capacity, megawatts \| MW	200
Power purchase agreement period (in years)	15 years
Weighted average contract duration (in years)	14 years
Victory Pass and Arica Drop Down \| Subsequent Event \| Clearway Renew LLC
Schedule of Asset Acquisition [Line Items]
Power generation storage capacity, megawatts \| MW	263
Additional Payments for Asset Acquisition	$ 182
Victory Pass and Arica Drop Down \| Subsequent Event \| Clearway Renew LLC \| Cash Equity Investor
Schedule of Asset Acquisition [Line Items]
Additional Payments for Asset Acquisition	347
Victory Pass and Arica Drop Down \| Subsequent Event \| Clearway Renew LLC \| VP-Arica TargetCo LLC
Schedule of Asset Acquisition [Line Items]
Payments for asset acquisition	46
Victory Pass and Arica Drop Down \| Subsequent Event \| Clearway Renew LLC \| VP-Arica TargetCo LLC \| Cash Equity Investor
Schedule of Asset Acquisition [Line Items]
Payments for asset acquisition	$ 87
Daggett 2 Drop Down
Schedule of Asset Acquisition [Line Items]
Net assets acquired less noncontrolling interest		$ (29)
Daggett 2 Drop Down \| Daggett TargetCo LLC \| Alternative Energy \| Daggett TargetCo LLC
Schedule of Asset Acquisition [Line Items]
Power generation storage capacity, megawatts \| MW
Payments for asset acquisition		$ 13
Power purchase agreement period (in years)		15 years
Power generation capacity, megawatts (over) \| MW		182
Daggett 3 Drop Down
Schedule of Asset Acquisition [Line Items]
Net assets acquired less noncontrolling interest			$ 15
Daggett 3 Drop Down \| Daggett TargetCo LLC \| Alternative Energy \| Daggett TargetCo LLC
Schedule of Asset Acquisition [Line Items]
Payments for asset acquisition			$ 21
Power purchase agreement period (in years)			15 years
Power generation capacity, megawatts (over) \| MW			300
Daggett 3 Drop Down \| Daggett TargetCo LLC \| Cash Equity Investor \| Alternative Energy \| Daggett TargetCo LLC
Schedule of Asset Acquisition [Line Items]
Payments for asset acquisition			$ 129

Derivative Instruments and Hedging Activities

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

This footnote should be read in conjunction with the complete description under Item 15 — Note 7, Accounting for Derivative Instruments and Hedging Activities, to the consolidated financial statements included in the Company’s 2022 Form 10-K.

Interest Rate Swaps

The Company enters into interest rate swap agreements in order to hedge the variability of expected future cash interest payments. As of September 30, 2023, the Company had interest rate derivative instruments on non-recourse debt extending through 2040, a portion of which were designated as cash flow hedges. Under the interest rate swap agreements, the Company pays a fixed rate and the counterparties to the agreements pay a variable interest rate.

Energy-Related Commodity Contracts

As of September 30, 2023, the Company had energy-related derivative instruments extending through 2033. At September 30, 2023, these contracts were not designated as cash flow or fair value hedges.

Heat Rate Call Option Commodity Contracts

As of September 30, 2023, the Company had heat rate call option derivative instruments extending through 2023. At September 30, 2023, these contracts were not designated as cash flow or fair value hedges.

Volumetric Underlying Derivative Transactions

The following table summarizes the net notional volume buy/(sell) of the Company’s open derivative transactions broken out by commodity:


		Total Volume
		September 30, 2023		December 31, 2022
Commodity	Units	(In millions)
Power (Energy-Related Commodity Contracts)	MWh	(16)		(18)
Power (Heat Rate Call Option Commodity Contracts)	MWh	(1)		—
Interest	Dollars	$	1,752	$	1,084

Fair Value of Derivative Instruments

The following table summarizes the fair value within the derivative instrument valuation on the consolidated balance sheets:


	Fair Value
	Derivative Assets				Derivative Liabilities
	September 30, 2023		December 31, 2022		September 30, 2023		December 31, 2022
	(In millions)
Derivatives Designated as Cash Flow Hedges:
Interest rate contracts current	$	7	$	7	$	—	$	—
Interest rate contracts long-term	25		18		—		—
Total Derivatives Designated as Cash Flow Hedges	$	32	$	25	$	—	$	—
Derivatives Not Designated as Cash Flow Hedges:
Interest rate contracts current	$	41	$	19	$	—	$	—
Interest rate contracts long-term	107		45		—		—
Commodity contracts current	3		—		54		50
Commodity contracts long-term	—		—		271		303
Total Derivatives Not Designated as Cash Flow Hedges	$	151	$	64	$	325	$	353
Total Derivatives	$	183	$	89	$	325	$	353

The Company has elected to present derivative assets and liabilities on the balance sheet on a trade-by-trade basis and does not offset amounts at the counterparty level. As of September 30, 2023 and December 31, 2022, the amount of outstanding collateral paid or received was immaterial. The following tables summarize the offsetting of derivatives by counterparty:


	Gross Amounts Not Offset in the Statement of Financial Position
As of September 30, 2023	Gross Amounts of Recognized Assets/Liabilities		Derivative Instruments		Net Amount
Commodity contracts	(In millions)
Derivative assets	$	3	$	—	$	3
Derivative liabilities	(325)		—		(325)
Total commodity contracts	$	(322)	$	—	$	(322)
Interest rate contracts
Derivative assets	$	180	$	—	$	180

Total interest rate contracts	$	180	$	—	$	180
Total derivative instruments	$	(142)	$	—	$	(142)


	Gross Amounts Not Offset in the Statement of Financial Position
As of December 31, 2022	Gross Amounts of Recognized Assets/Liabilities		Derivative Instruments		Net Amount
Commodity contracts	(In millions)

Derivative liabilities	$	(353)	$	—	$	(353)
Total commodity contracts	$	(353)	$	—	$	(353)
Interest rate contracts
Derivative assets	$	89	$	—	$	89

Total interest rate contracts	$	89	$	—	$	89
Total derivative instruments	$	(264)	$	—	$	(264)

Accumulated Other Comprehensive Income (Loss)

The following table summarizes the effects on the Company’s accumulated OCI (OCL) balance attributable to interest rate swaps designated as cash flow hedge derivatives:


	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
	(In millions)
Accumulated OCI (OCL) beginning balance	$	27	$	10	$	27	$	(13)
Reclassified from accumulated OCI (OCL) to income due to realization of previously deferred amounts	(2)		2		(3)		7
Capistrano Wind Portfolio Acquisition	—		7		—		7
Mark-to-market of cash flow hedge accounting contracts	11		12		12		30
Accumulated OCI ending balance	36		31		36		31
Accumulated OCI attributable to noncontrolling interests	10		6		10		6
Accumulated OCI attributable to Clearway Energy LLC	$	26	$	25	$	26	$	25
Gains expected to be realized from OCI during the next 12 months	$	6			$	6

Amounts reclassified from accumulated OCI (OCL) into income are recorded to interest expense.

Impact of Derivative Instruments on the Consolidated Statements of Income

Mark-to-market gains/(losses) related to the Company’s derivatives are recorded in the consolidated statements of income as follows:


	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
	(In millions)
Interest Rate Contracts (Interest expense)	$	33	$	33	$	34	$	110
Energy-Related Commodity Contracts (Mark-to-market for economic hedging activities) (a)	(22)		(17)		28		(191)
Heat Rate Call Option Commodity Contracts (Mark-to-market for economic hedging activities) (b)	3		—		3		—

(a) Relates to long-term energy related commodity contracts at Elbow Creek, Mesquite Star, Mt. Storm, Langford and Mesquite Sky. During the nine months ended September 30, 2022, the commodity contract for Langford, which previously met the NPNS exception, no longer qualified for NPNS treatment and, accordingly, is accounted for as a derivative and marked to fair value through operating revenues.

(b) Relates to short-term heat rate call option commodity contracts at Marsh Landing and Walnut Creek.

See Note 5, Fair Value of Financial Instruments, for a discussion regarding concentration of credit risk.

Acquisitions and Dispositions

9 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Acquisitions and Dispositions

Acquisitions

Victory Pass and Arica Drop Down — On October 31, 2023, the Company, through its indirect subsidiary, VP-Arica Parent Holdco LLC, acquired the Class A membership interests in VP-Arica TargetCo LLC, the indirect owner of Victory Pass, a 200 MW solar project with matching storage capacity, and Arica, a 263 MW solar project with matching storage capacity, that are both currently under construction in Riverside, California, from Clearway Renew for initial cash consideration of $46 million. Simultaneously, a cash equity investor acquired the Class B membership interests in VP-Arica TargetCo LLC from Clearway Renew for initial cash consideration of $87 million. At substantial completion, which is expected to occur in the first half of 2024, the Company will pay an additional $182 million to Clearway Renew and the cash equity investor will pay an additional $347 million to Clearway Renew. VP-Arica TargetCo LLC, a partnership between the Company and the cash equity investor, consolidates as primary beneficiary, VP-Arica TE Holdco LLC, a tax equity fund that owns the Victory Pass and Arica solar projects. Victory Pass and Arica each have PPAs with investment-grade counterparties that have a 15-year and 14-year weighted average contract duration, respectively, that commence when the underlying operating assets reach commercial operations, which is expected to occur in the first half of 2024. The acquisition was funded with existing sources of liquidity.

Daggett 2 Drop Down — On August 30, 2023, the Company, through its indirect subsidiary, Daggett Solar Investment LLC, acquired the Class A membership interests in Daggett 2 TargetCo LLC, the indirect owner of Daggett 2, a 182 MW solar project with matching storage capacity that is currently under construction in San Bernardino, California, from CEG for cash consideration of $13 million. Daggett 2 TargetCo LLC, a partnership between the Company and a cash equity investor, consolidates as primary beneficiary, Daggett 2 TE Holdco LLC, a tax equity fund that owns the Daggett 2 solar project, as further described in Note 4, Investments Accounted for by the Equity Method and Variable Interest Entities. Daggett 2 has PPAs with investment-grade counterparties that have a 15-year weighted average contract duration that commence when the underlying operating assets reach commercial operations, which is expected to occur for the majority of the assets in the fourth quarter of 2023. The Daggett 2 operations are reflected in the Company’s Renewables segment and the acquisition was funded with existing sources of liquidity. The acquisition was determined to be an asset acquisition and the Company consolidates Daggett 2 on a prospective basis in its financial statements. The assets, liabilities and noncontrolling interests 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 sum of the historical cost of the Company’s acquired interests of $29 million and the cash paid of $13 million was recorded as an adjustment to CEG’s contributed capital balance.

The following is a summary of assets and liabilities transferred in connection with the acquisition as of August 30, 2023:


(In millions)	Daggett 2
Cash	$	1
Restricted cash (a)	119
Property, plant and equipment	379
Right-of-use-assets, net	22
Derivative assets	22

Total assets acquired	543

Long-term debt (b)	308
Long-term lease liabilities	23
Other current and non-current liabilities	28
Total liabilities assumed	359
Noncontrolling interests	213
Net assets acquired less noncontrolling interests	$	(29)

(a) Includes funds that were contributed by the cash equity investor and tax equity investor that must be used to pay off the tax equity bridge loan when the project reaches substantial completion, which is expected to occur in the fourth quarter of 2023.

(b) Includes a $107 million construction loan and $204 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.

Daggett 3 Drop Down — On February 17, 2023, the Company, through its indirect subsidiary, Daggett Solar Investment LLC, acquired the Class A membership interests in Daggett TargetCo LLC, the indirect owner of Daggett 3, a 300 MW solar project with matching storage capacity that is located in San Bernardino, California, from Clearway Renew for cash consideration of $21 million. Simultaneously, a cash equity investor acquired the Class B membership interests in Daggett TargetCo LLC from Clearway Renew for cash consideration of $129 million. The Company and the cash equity investor then contributed their Class A and B membership interests, respectively, into Daggett Renewable Holdco LLC, a partnership between the Company and the cash equity investor, that consolidates Daggett TargetCo LLC. Daggett TargetCo LLC consolidates as primary beneficiary, Daggett TE Holdco LLC, a tax equity fund that owns the Daggett 3 solar project, as further described in Note 4, Investments Accounted for by the Equity Method and Variable Interest Entities. Daggett 3 has PPAs with investment-grade counterparties that have a 15-year weighted average contract duration that commence when the underlying assets reach commercial operations, which occurred for the majority of the assets during the third quarter of 2023. The Daggett 3 operations are reflected in the Company’s Renewables segment and the acquisition was funded with existing sources of liquidity. The acquisition was determined to be an asset acquisition and the Company consolidates Daggett 3 on a prospective basis in its financial statements. The assets and liabilities transferred to the Company relate to interests under common control and were recorded at historical cost in accordance with ASC 805-50, Business Combinations - Related Issues. The difference between the cash paid of $21 million and the historical cost of the Company’s net assets acquired of $15 million was recorded as an adjustment to CEG’s contributed capital balance. In addition, the Company reflected the entire $21 million of the Company’s purchase price, which was contributed back to the Company by CEG to pay down the acquired long-term debt, in the line item contributions from CEG, net of distributions in the consolidated statements of members’ equity.

The following is a summary of assets and liabilities transferred in connection with the acquisition as of February 17, 2023:


(In millions)	Daggett 3
Restricted cash	$	14
Property, plant and equipment	534
Right-of-use-assets, net	31
Derivative assets	27

Total assets acquired	606

Long-term debt (a)	480
Long-term lease liabilities	33
Other current and non-current liabilities (b)	78
Total liabilities assumed	591
Net assets acquired	$	15

Investments Accounted for by the Equity Method and Variable Interest Entities - Narrative (Details) $ in Millions	Jun. 30, 2023 USD ($) MW	Sep. 30, 2023 USD ($) MW	Dec. 31, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Power generation capacity, megawatts (over) \| MW		8,000
Equity investments in affiliates		$ 373	$ 364
Rosie Central BESS
Schedule of Equity Method Investments [Line Items]
Power generation capacity, megawatts (over) \| MW	147
Equity investments in affiliates		$ 28
Rosie Central BESS \| Rosamond Central Solar project
Schedule of Equity Method Investments [Line Items]
Payments for asset acquisition	$ 72
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	$ 288
Power purchase agreement period (in years)	15 years
Rosie Central BESS \| Rosamond Central Solar project \| Cash Equity Investor
Schedule of Equity Method Investments [Line Items]
Payments for asset acquisition	$ 55
Rosie Central BESS \| Rosamond Central Solar project \| Tax Equity Investors
Schedule of Equity Method Investments [Line Items]
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	221
Rosie Central BESS \| Rosamond Central Solar project \| Clearway Renew LLC
Schedule of Equity Method Investments [Line Items]
Payments for asset acquisition	17
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	$ 67

CONSOLIDATED STATEMENTS OF MEMBERS' EQUITY - USD ($) $ in Millions	Total	Capistrano Wind Portfolio	Kawailoa Solar Partnership LLC	CEG	Tax Equity Investors	Clearway Energy, Inc.	Contributed Capital	Contributed Capital Capistrano Wind Portfolio	Contributed Capital Kawailoa Solar Partnership LLC	Contributed Capital CEG	Contributed Capital Clearway Energy, Inc.	Retained Earnings	Retained Earnings CEG	Retained Earnings Clearway Energy, Inc.	Accumulated Other Comprehensive(Loss) Income	Accumulated Other Comprehensive(Loss) Income Capistrano Wind Portfolio	Noncontrolling Interest	Noncontrolling Interest Kawailoa Solar Partnership LLC	Noncontrolling Interest CEG	Noncontrolling Interest Tax Equity Investors
Balance, beginning of period at Dec. 31, 2021	$ 3,217						$ 1,495					$ 43			$ (13)		$ 1,692
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(100)											(58)					(42)
Unrealized gain (loss) on derivatives and changes in accumulated OCI	16														13		3
Contributions from noncontrolling interests, net of distributions, cash					$ 28															$ 28
Distributions to CEG, net of contributions, cash				$ (3)						$ (3)
Transfers of assets under common control	(37)						(46)										9
Distributions paid				(30)		$ (40)				(5)	$ (40)		$ (25)
Balance, end of period at Mar. 31, 2022	3,051						1,401					(40)			0		1,690
Balance, beginning of period at Dec. 31, 2021	3,217						1,495					43			(13)		1,692
Balance, end of period at Sep. 30, 2022	4,254						1,316					1,328			25		1,585
Balance, beginning of period at Mar. 31, 2022	3,051						1,401					(40)			0		1,690
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,372											1,382					(10)
Unrealized gain (loss) on derivatives and changes in accumulated OCI	7														6		1
Contributions from (distributions to) CEG, cash				(20)						11									$ (31)
Distributions to noncontrolling interests, net of contributions, cash					(10)															(10)
Distributions paid				(30)		(41)				(30)	(41)		0
Balance, end of period at Jun. 30, 2022	4,329						1,341					1,342			6		1,640
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	72											78					(6)
Unrealized gain (loss) on derivatives and changes in accumulated OCI	14														12		2
Contributions from (distributions to) CEG, cash				7						8									(1)
Distributions to noncontrolling interests, net of contributions, cash				(4)	(14)					(17)									13	(14)
Payment for interests		$ 11	$ (69)					$ 4	$ (20)							$ 7		$ (49)
Tax-related distributions	(19)											(19)
Distributions paid				(31)		(42)				0	$ 0		(31)	$ (42)
Balance, end of period at Sep. 30, 2022	4,254						1,316					1,328			25		1,585
Balance, beginning of period at Dec. 31, 2022	4,160						1,308					1,240			21		1,591
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(55)											(22)					(33)
Unrealized gain (loss) on derivatives and changes in accumulated OCI	(4)														(3)		(1)
Contributions from noncontrolling interests, net of distributions, cash				30	215					30										215
Transfers of assets under common control	(6)						(59)										53
Distributions paid				(32)		(44)							(32)	(44)
Balance, end of period at Mar. 31, 2023	4,264						1,279					1,142			18		1,825
Balance, beginning of period at Dec. 31, 2022	4,160						1,308					1,240			21		1,591
Balance, end of period at Sep. 30, 2023	4,406						1,233					1,147			26		2,000
Balance, beginning of period at Mar. 31, 2023	4,264						1,279					1,142			18		1,825
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	100											106					(6)
Unrealized gain (loss) on derivatives and changes in accumulated OCI	4														3		1
Distributions to CEG, net of contributions, cash				(4)						(4)									0
Distributions to noncontrolling interests, net of contributions, cash					(5)															(5)
Tax-related distributions	(45)											(45)
Distributions paid				(32)		(45)							(32)	(45)
Balance, end of period at Jun. 30, 2023	4,237						1,275					1,126			21		1,815
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
Contributions from noncontrolling interests, net of distributions, cash					12															12
Distributions to CEG, net of contributions, cash				(1)						$ (1)									$ 0
Transfers of assets under common control							(42)
Distributions to noncontrolling interests, non-cash					$ (7)															$ (7)
Tax-related distributions	(5)											(5)
Transfer of assets under common control	171																213
Distributions paid				$ (33)		$ (45)							$ (33)	$ (45)
Other	0						1					(1)					0
Balance, end of period at Sep. 30, 2023	$ 4,406						$ 1,233					$ 1,147			$ 26		$ 2,000

Fair Value of Financial Instruments

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

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, note receivable — affiliate, accounts payable — trade, accounts payable — affiliates and accrued expenses and other current liabilities, the carrying amounts approximate fair value because of the short-term maturity of those instruments and are classified as Level 1 within the fair value hierarchy.

The carrying amounts and estimated fair values of the Company’s recorded financial instruments not carried at fair market value or that do not approximate fair value are as follows:


	As of September 30, 2023				As of December 31, 2022
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In millions)



Long-term debt, including current portion — affiliate	$	2	$	2	$	2	$	2
Long-term debt, including current portion — external (a)	7,581		6,527		6,874		6,288

(a) Excludes net debt issuance costs, which are recorded as a reduction to long-term debt on the Company’s consolidated balance sheets.

The fair value of the Company’s publicly-traded long-term debt is based on quoted market prices and is classified as Level 2 within the fair value hierarchy. The fair value of debt securities, non-publicly traded long-term debt and certain notes receivable of the Company are based on expected future cash flows discounted at market interest rates, or current interest rates for similar instruments with equivalent credit quality and are classified as Level 3 within the fair value hierarchy. The following table presents the level within the fair value hierarchy for long-term debt, including current portion:


	As of September 30, 2023				As of December 31, 2022
	Level 2		Level 3		Level 2		Level 3
	(In millions)
Long-term debt, including current portion	$	1,762	$	4,767	$	1,836	$	4,454

Recurring Fair Value Measurements

The Company records its derivative assets and liabilities at fair market value on its consolidated balance sheet. The following table presents assets and liabilities measured and recorded at fair value on the Company’s consolidated balance sheets on a recurring basis and their level within the fair value hierarchy:


	As of September 30, 2023				As of December 31, 2022
	Fair Value (a)				Fair Value (a)
(In millions)	Level 2		Level 3			Level 2		Level 3
Derivative assets:
Commodity contracts (b)	$	—	$	3		$	—	$	—
Interest rate contracts	180		—			89		—
Other financial instruments (c)	—		13			—		17
Total assets	$	180	$	16		$	89	$	17
Derivative liabilities:
Commodity contracts	$	—	$	325		$	—	$	353

Total liabilities	$	—	$	325		$	—	$	353

(a) There were no derivative assets classified as Level 1 or Level 3 and no liabilities classified as Level 1 as of September 30, 2023 and December 31, 2022.

(b) Represents heat rate call options entered into by Marsh Landing and Walnut Creek during the three months ended September 30, 2023.

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,
	2023		2022		2023		2022
(In millions)	Fair Value Measurement Using Significant Unobservable Inputs (Level 3)				Fair Value Measurement Using Significant Unobservable Inputs (Level 3)
Beginning balance	$	(291)	$	(332)	$	(336)	$	(154)
Settlements	21		14		30		42

Additions due to loss of NPNS exception	—		—		—		(22)
Total losses for the period included in earnings	(39)		(31)		(3)		(215)
Ending balance	$	(309)	$	(349)	$	(309)	$	(349)
Change in unrealized losses included in earnings for derivatives and other financial instruments held as of September 30, 2023	$	(39)			$	(3)

Derivative and Financial Instruments Fair Value Measurements

The Company's contracts are non-exchange-traded and valued using prices provided by external sources. The Company uses quoted observable forward prices to value its commodity contracts. To the extent that observable forward prices are not available, the quoted prices reflect the average of the forward prices from the prior year, adjusted for inflation. As of September 30, 2023, contracts valued with prices provided by models and other valuation techniques make up 2% of derivative assets and 100% of derivative liabilities and other financial instruments.

The Company’s significant positions classified as Level 3 include physical 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, 2023
	Fair Value						Input/Range
	Assets		Liabilities		Valuation Technique	Significant Unobservable Input	Low		High		Weighted Average
	(In millions)
Energy-Related Commodity Contracts	$	—	$	(325)	Discounted Cash Flow	Forward Market Price (per MWh)	$	21.75	$	72.15	$	38.96
Heat Rate Call Option Commodity Contracts	3		—		Option Model	Forward Market Price (per MWh)	$	6.24	$	179.30	$	67.93
					Option Model	Forward Market Price (per MMBtu)	$	2.79	$	15.42	$	6.30
Other Financial Instruments	13		—		Discounted Cash Flow	Forecast annual generation levels of certain DG solar facilities	60,801 MWh		121,602 MWh		115,622 MWh

The following table provides the impact on the fair value measurements to increases/(decreases) in significant unobservable inputs as of September 30, 2023:

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)

Other Financial Instruments

Forecast Generation Levels

Sell

Increase/(Decrease)

Higher/(Lower)

Heat Rate Call Option Commodity Contracts

Forward Market Power Price

Sell

Increase/(Decrease)

Lower/(Higher)

Heat Rate Call Option Commodity Contracts

Forward Market Gas Price

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, 2023, the non-performance reserve was a $6 million gain recorded primarily to total operating revenues in the consolidated statements of income. It is possible that future market prices could vary from those used in recording assets and liabilities and such variations could be material.

Concentration of Credit Risk

In addition to the credit risk discussion as disclosed under Item 15 — Note 2, Summary of Significant Accounting Policies, to the consolidated financial statements included in the Company’s 2022 Form 10-K, the following item is a discussion of the concentration of credit risk for the Company’s financial instruments. Credit risk relates to the risk of loss resulting from non-performance or non-payment by counterparties pursuant to the terms of their contractual obligations. The Company monitors and manages credit risk through credit policies that include: (i) an established credit approval process; (ii) monitoring of counterparties' credit limits on an as needed basis; (iii) as applicable, the use of credit mitigation measures such as margin, collateral, prepayment arrangements, or volumetric limits; (iv) the use of payment netting agreements; and (v) the use of master netting agreements that allow for the netting of positive and negative exposures of various contracts associated with a single counterparty. Risks surrounding counterparty performance and credit could ultimately impact the amount and timing of expected cash flows. The Company seeks to mitigate counterparty risk by having a diversified portfolio of counterparties.

Counterparty credit exposure includes credit risk exposure under certain long-term agreements, including solar and other PPAs. As external sources or observable market quotes are not available to estimate such exposure, the Company estimates the exposure related to these contracts based on various techniques including, but not limited to, internal models based on a fundamental analysis of the market and extrapolation of observable market data with similar characteristics. A significant portion of these commodity contracts are with utilities with strong credit quality and public utility commission or other regulatory support. However, such regulated utility counterparties can be impacted by changes in government regulations or adverse financial conditions, which the Company is unable to predict. Certain subsidiaries of the Company sell the output of their facilities to PG&E, a significant counterparty of the Company, under long-term PPAs, and PG&E’s credit rating is below investment-grade.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Long-term Debt

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Long-term Debt

This note should be read in conjunction with the complete description under Item 15 — Note 10, Long-term Debt, to the consolidated financial statements included in the Company’s 2022 Form 10-K. The Company’s borrowings, including short-term and long-term portions, consisted of the following:


(In millions, except rates)	September 30, 2023		December 31, 2022		September 30, 2023 interest rate % (a)	Letters of Credit Outstanding at September 30, 2023
Intercompany Note with Clearway, Inc.	$	2	$	2	5.120


2028 Senior Notes	850		850		4.750
2031 Senior Notes	925		925		3.750
2032 Senior Notes	350		350		3.750
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 (b)	—		—		S+1.850	$	211

Non-recourse project-level debt:
Agua Caliente Solar LLC, due 2037	628		649		2.395-3.633	45
Alta Wind Asset Management LLC, due 2031	11		12		S+2.775	—
Alta Wind I-V lease financing arrangements, due 2034 and 2035	679		709		5.696-7.015	47
Alta Wind Realty Investments LLC, due 2031	21		22		7.000	—
Borrego, due 2024 and 2038	49		51		Various	—
Buckthorn Solar, due 2025	117		119		S+2.100	21
Capistrano Wind Portfolio, due 2029 and 2031	141		156		S+2.100-S+2.150	34
Carlsbad Energy Holdings LLC, due 2027	99		115		S+1.900	68
Carlsbad Energy Holdings LLC, due 2038	407		407		4.120	—
Carlsbad Holdco, LLC, due 2038	197		197		4.210	6
CVSR, due 2037	601		627		2.339-3.775	12
CVSR Holdco Notes, due 2037	151		160		4.680	—
Daggett 2, due 2023 and 2028	319		—		S+1.262	29
Daggett 3, due 2023 and 2028	446		—		S+1.262	39
DG-CS Master Borrower LLC, due 2040	385		413		3.510	30







Marsh Landing, due 2023	—		19			—
Mililani I, due 2027 (c)	—		47		S+1.600	—
Mililani Class B Member Holdco LLC, due 2028 (c)	93		—		S+1.600	18
NIMH Solar, due 2024	151		163		S+2.150	14
Oahu Solar Holdings LLC, due 2026	82		83		S+1.525	10

Rosie Class B LLC, due 2024 and 2029	317		76		S+1.250-S+1.375	24





Utah Solar Holdings, due 2036	253		257		3.590	15
Viento Funding II, LLC, due 2029	178		184		S+1.475	25
Waiawa, due 2028 (c)	—		97		S+1.600	—
Walnut Creek, due 2023	—		19			—
WCEP Holdings, LLC, due 2023	—		26			—
Other	128		137		Various	199
Subtotal non-recourse project-level debt	5,453		4,745
Total debt	7,580		6,872
Less current maturities	(524)		(324)
Less net debt issuance costs	(64)		(61)
Add premiums (d)	3		4
Total long-term debt	$	6,995	$	6,491

(a) As of September 30, 2023, S+ equals SOFR plus x%.

(b) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement.

(c) On July 21, 2023, Mililani I’s financing agreement was amended to merge the project-level debt of Mililani I and Waiawa as a combined term loan under Mililani Class B Member Holdco 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, 2023, the Company was in compliance with all of the required covenants.

The discussion below describes material changes to or additions of long-term debt for the nine months ended September 30, 2023.

Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility

On March 15, 2023, Clearway Energy Operating LLC refinanced the Amended and Restated Credit Agreement, which (i) replaced LIBOR with SOFR plus a credit spread adjustment of 0.10% as the applicable reference rate, (ii) increased the available revolving commitments to an aggregate principal amount of $700 million, (iii) extended the maturity date to March 15, 2028, (iv) increased the letter of credit sublimit to $594 million and (v) implemented certain other technical modifications.

As of September 30, 2023, the Company had no outstanding borrowings under the revolving credit facility and $211 million in letters of credit outstanding.

Project-level Debt

Daggett 2

On August 30, 2023, as part of the acquisition of Daggett 2, as further described in Note 3, Acquisitions and Dispositions, the Company assumed the project’s financing agreement, which included a $107 million construction loan that converts to a five year term loan upon the project reaching substantial completion and a $204 million tax equity bridge loan. The tax equity bridge loan will be repaid utilizing the final proceeds received from the tax equity investor upon Daggett 2 reaching substantial completion, which is expected to occur in the fourth quarter of 2023, along with the restricted cash that was acquired with the project. Subsequent to the acquisition, the Company borrowed an additional $8 million in construction loans.

Rosamond Central (Rosie Class B LLC)

On June 30, 2023, Rosie Class B LLC, the indirect owner of the Rosamond Central solar project, amended its financing agreement to provide for (i) a refinanced term loan in the amount of $77 million, (ii) construction loans up to $115 million, which will convert to a term loan upon the BESS project reaching substantial completion, (iii) tax equity bridge loans up to $188 million, which will be repaid with tax equity proceeds received upon the BESS project reaching substantial completion, (iv) an increase to the letter of credit sublimit to $41 million and (v) an extension of the maturity date of the term loan and construction loans to five years subsequent to term conversions. During the third quarter of 2023, Rosie Class B LLC received total loan proceeds of $235 million, which was comprised of $115 million in construction loans and $125 million in tax equity bridge loans, net of $5 million in debt issuance costs that were deferred.

On July 3, 2023, Rosie Class B LLC issued a loan to a consolidated subsidiary of Clearway Renew, utilizing a portion of the loan proceeds under the amended financing agreement, in order to finance the construction of the BESS project. As of September 30, 2023, the loan issued to a consolidated subsidiary of Clearway Renew had an aggregate principal amount of $215 million. The loan bears interest at a fixed annual rate of 9.00% and matures when the project reaches substantial completion, which is expected to occur in the first half of 2024. The loan issued to a consolidated subsidiary of Clearway Renew is included in note receivable — affiliate on the Company’s consolidated balance sheet.

Also, during the third quarter of 2023, the Company utilized a portion of the loan proceeds received under the amended financing agreement to contribute $18 million into Rosie Central BESS, which is an investment accounted for under the equity method of accounting, as further described in Note 4, Investments Accounted for by the Equity Method and Variable Interest Entities.

Waiawa

On March 30, 2023, when the Waiawa solar project reached substantial completion, the tax equity investor contributed an additional $41 million and CEG contributed an additional $8 million, which was utilized, along with the $17 million in escrow, to repay the $55 million tax equity bridge loan, to fund $10 million in construction completion reserves and to pay $1 million in associated fees. Subsequent to the acquisition on October 3, 2022, the Company borrowed an additional $25 million in construction loans and the total outstanding construction loans were converted to a term loan in the amount of $47 million on March 30, 2023 that had a maturity date of March 30, 2028. On July 21, 2023, Mililani I’s financing agreement was amended to merge the project-level debt of Mililani I and Waiawa as a combined term loan under Mililani Class B Member Holdco LLC that matures on July 21, 2028.

Daggett 3

On February 17, 2023, as part of the acquisition of Daggett 3, as further described in Note 3, Acquisitions and Dispositions, the Company assumed the project’s financing agreement, which included a $181 million construction loan that converts to a term loan upon the project reaching substantial completion, $229 million tax equity bridge loan and $75 million sponsor equity bridge loan. The sponsor equity bridge loan was repaid at acquisition date, along with $8 million in associated fees, utilizing all of the proceeds from the Company and cash equity investor, which were contributed back to the Company by CEG. The tax equity bridge loan will be repaid with the final proceeds received from the tax equity investor upon Daggett 3 reaching substantial completion, which is expected to occur in the fourth quarter of 2023, along with the $62 million that was contributed into escrow by the tax equity investor at acquisition date. Subsequent to the acquisition, the Company borrowed an additional $36 million in construction loans.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - Unaudited - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net Income	$ 73	$ 75	$ 127	$ 1,353
Other Comprehensive Income
Unrealized gain on derivatives and changes in accumulated OCI/OCL	9	14	9	37
Other comprehensive income	9	14	9	37
Comprehensive Income	82	89	136	1,390
Less: Comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests	(28)	(1)	(58)	(43)
Comprehensive Income Attributable to Clearway Energy LLC	$ 110	$ 90	$ 194	$ 1,433

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

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-Name Accounting Standards Codification
-Section 50
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147482765/220-10-50-4

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Summary of Significant Accounting Policies - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 566	$ 657
Restricted cash	590	339
Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$ 1,156	$ 996	$ 1,156	$ 654

Summary of Significant Accounting Policies - Distributions Paid (Details) - $ / shares	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Common Class A
Class of Stock [Line Items]
Distributions per Class A, B, C and D unit (in dollars per share)	$ 0.3891	$ 0.3818	$ 0.3745
Common Class B
Class of Stock [Line Items]
Distributions per Class A, B, C and D unit (in dollars per share)	0.3891	0.3818	0.3745
Common Class C
Class of Stock [Line Items]
Distributions per Class A, B, C and D unit (in dollars per share)	0.3891	0.3818	0.3745
Common Class D
Class of Stock [Line Items]
Distributions per Class A, B, C and D unit (in dollars per share)	$ 0.3891	$ 0.3818	$ 0.3745

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Nature of Business	9 Months Ended
Nature of Business	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Nature of Business Clearway Energy LLC, together with its consolidated subsidiaries, or the Company, is an energy infrastructure investor with a focus on investments in clean energy and owner of modern, sustainable and long-term contracted assets across North America. The Company is sponsored by GIP and TotalEnergies through the portfolio company, Clearway Energy Group LLC, or CEG, which is equally owned by GIP and TotalEnergies. GIP is an independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. TotalEnergies is a global multi-energy company. The Company is one of the largest renewable energy owners in the U.S. with over 5,500 net MW of installed wind and solar generation projects. The Company’s over 8,000 net MW of assets also includes approximately 2,500 net MW of environmentally-sound, highly efficient natural gas-fired generation facilities. Through this environmentally-sound, diversified and primarily contracted portfolio, the Company endeavors to increase distributions to its unit holders. The majority of the Company’s revenues are derived from long-term contractual arrangements for the output or capacity from these assets. Clearway Energy, Inc., or Clearway, Inc., consolidates the results of the Company through its controlling interest, with CEG’s interest shown as contributed capital in the Company’s consolidated financial statements. The holders of Clearway, Inc.’s outstanding shares of Class A and Class C common stock are entitled to dividends as declared. CEG receives its distributions from the Company through its ownership of the Company’s Class B and Class D units. As of September 30, 2023, Clearway, Inc. owned 57.90% of the economic interests of the Company, with CEG owning 42.10% of the economic interests of the Company. The following table represents a summarized structure of the Company as of September 30, 2023: Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the SEC’s regulations for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The following notes should be read in conjunction with the accounting policies and other disclosures as set forth in the notes to the consolidated financial statements included in the Company’s 2022 Form 10-K. Interim results are not necessarily indicative of results for a full year. In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all material adjustments consisting of normal and recurring accruals necessary to present fairly the Company’s consolidated financial position as of September 30, 2023, and results of operations, comprehensive income and cash flows for the three and nine months ended September 30, 2023 and 2022.

Contingencies	9 Months Ended
Contingencies	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies This note should be read in conjunction with the complete description under Item 15 — Note 14, Commitments and Contingencies, to the consolidated financial statements included in the Company’s 2022 Form 10-K. The Company’s material legal proceeding is described below. The Company believes that it has a valid defense to this legal proceeding and intends to defend it vigorously. The Company records reserves for estimated losses from contingencies when information available indicates that a loss is probable and the amount of the loss, or range of loss, can be reasonably estimated. As applicable, the Company has established an adequate reserve for the matter discussed below. In addition, legal costs are expensed as incurred. Management assesses such matters based on current information and makes a judgment concerning its potential outcome, considering the nature of the claim, the amount and nature of damages sought, and the probability of success. The Company is unable to predict the outcome of the legal proceeding below or reasonably estimate the scope or amount of any associated costs and potential liabilities. As additional information becomes available, management adjusts its assessment and estimate of such contingency accordingly. Because litigation is subject to inherent uncertainties and unfavorable rulings or developments, it is possible that the ultimate resolution of the Company’s liabilities and contingencies could be at amounts that are different from its currently recorded reserves and that such difference could be material. In addition to the legal proceeding noted below, the Company and its subsidiaries are party to other litigation or legal proceedings arising in the ordinary course of business. In management’s opinion, the disposition of these ordinary course matters will not materially adversely affect the Company’s consolidated financial position, results of operations, or cash flows. Buckthorn Solar Litigation On October 8, 2019, the City of Georgetown, Texas, or Georgetown, filed a petition in the District Court of Williamson County, Texas naming Buckthorn Westex, LLC, the Company’s subsidiary that owns the Buckthorn Westex solar project, as the defendant, alleging fraud by nondisclosure and breach of contract in connection with the project and the PPA, and seeking (i) rescission and/or cancellation of the PPA, (ii) declaratory judgment that the alleged breaches constitute an event of default under the PPA entitling Georgetown to terminate, and (iii) recovery of all damages, costs of court, and attorneys’ fees. On November 15, 2019, Buckthorn Westex filed an original answer and counterclaims (i) denying Georgetown’s claims, (ii) alleging Georgetown has breached its contracts with Buckthorn Westex by failing to pay amounts due, and (iii) seeking relief in the form of (x) declaratory judgment that Georgetown’s alleged failure to pay amounts due constitute breaches of and an event of default under the PPA and that Buckthorn did not commit any events of default under the PPA, (y) recovery of costs, expenses, interest, and attorneys’ fees, and (z) such other relief to which it is entitled at law or in equity. In response to motions for partial summary judgment filed by each party, the court denied Georgetown’s motion in its entirety, granted Buckthorn Westex’s motion with respect to the fraud by nondisclosure claim and denied Buckthorn Westex’s motion with respect to the breach of contract claim. The case was scheduled to proceed to trial in October 2023, but the parties agreed to delay the trial date in light of ongoing settlement negotiations. Buckthorn Westex believes the allegations of Georgetown are meritless, and Buckthorn Westex is vigorously defending its rights under the PPA.

Summary of Significant Accounting Policies - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Summary of Significant Accounting Policies [Line Items]
Payment to Acquire Business under Common Control	$ 100	$ (51)
Drop Down
Summary of Significant Accounting Policies [Line Items]
Cash paid to acquire Drop Down Assets	(34)	(51)
Cash acquired from the acquisition of Drop Down Assets	134	0
Payment to Acquire Business under Common Control	$ 100	$ (51)

Summary of Significant Accounting Policies -Redeemable Noncontrolling Interests (Details) $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at December 31, 2022	$ 7
Cash distributions to redeemable noncontrolling interests	(3)
Comprehensive income attributable to redeemable noncontrolling interests	14
Balance at September 30, 2023	$ 18

- Definition

Carrying amount, attributable to parent and noncontrolling interests, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.

+ References + Details

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2023	Oct. 31, 2023
Class of Stock [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	333-203369
Entity Registrant Name	Clearway Energy LLC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	32-0407370
Entity Address, Address Line One	300 Carnegie Center, Suite 300
Entity Address, City or Town	Princeton
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08540
City Area Code	609
Local Phone Number	608-1525
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001637757
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	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)		82,390,447
Common Class D
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		42,336,750

Investments Accounted for by the Equity Method and Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Maximum Loss Exposure in Equity Method Investments

The Company’s maximum exposure to loss as of September 30, 2023 is limited to its equity investment in the unconsolidated entities, as further summarized in the table below:


Name	Economic Interest	Investment Balance
		(In millions)
Avenal	50%	$	7
Desert Sunlight	25%	234
Elkhorn Ridge	67%	15
GenConn (a)	50%	79
Rosie Central BESS (a)	50%	28
San Juan Mesa	75%	10
		$	373

(a) GenConn and Rosie Central BESS are variable interest entities.

Schedule of Variable Interest Entities


(In millions)	Alta TE Holdco LLC		Buckthorn Holdings, LLC		DGPV Funds(a)		Daggett Renewable Holdco LLC (b)		Daggett 2 TargetCo LLC (c)		Langford TE Partnership LLC		Lighthouse Renewable Holdco LLC (d)
Other current and non-current assets	$	55	$	6	$	83	$	150	$	168	$	15	$	86
Property, plant and equipment	284		187		503		576		381		117		420
Intangible assets	190		—		13		—		—		2		—
Total assets	529		193		599		726		549		134		506
Current and non-current liabilities	38		11		66		491		360		62		142
Total liabilities	38		11		66		491		360		62		142
Noncontrolling interest	39		19		25		212		217		62		262
Net assets less noncontrolling interest	$	452	$	163	$	508	$	23	$	(28)	$	10	$	102

(a) DGPV Funds is comprised of Clearway & EFS Distributed Solar LLC, DGPV Fund 4 LLC, Golden Puma Fund LLC, Renew Solar CS4 Fund LLC and Chestnut Fund LLC, which are all tax equity funds.

(b) Daggett Renewable Holdco LLC consolidates Daggett TE Holdco LLC, which is a consolidated VIE that owns the Daggett 3 solar project.

(c) Daggett 2 TargetCo LLC consolidates Daggett 2 TE Holdco LLC, which is a consolidated VIE that owns the Daggett 2 solar project.

(d) Lighthouse Renewable Holdco LLC consolidates Black Rock TE Holdco LLC, Mililani TE Holdco LLC and Waiawa TE Holdco LLC, which are consolidated VIEs.


(In millions)	Lighthouse Renewable Holdco 2 LLC(a)		Oahu Solar LLC		Pinnacle Repowering TE Holdco LLC		Rattlesnake TE Holdco LLC		Rosie TargetCo LLC		Wildorado TE Holdco LLC		Other (b)
Other current and non-current assets	$	85	$	40	$	6	$	14	$	315	$	24	$	16
Property, plant and equipment	735		158		96		178		234		198		147
Intangible assets	—		—		15		—		—		—		1
Total assets	820		198		117		192		549		222		164
Current and non-current liabilities	296		22		4		17		341		21		77
Total liabilities	296		22		4		17		341		21		77
Noncontrolling interest	460		24		41		80		149		102		62
Net assets less noncontrolling interest	$	64	$	152	$	72	$	95	$	59	$	99	$	25

(a) Lighthouse Renewable Holdco 2 LLC consolidates Mesquite Sky TE Holdco LLC and Mesquite Star Tax Equity Holdco LLC, which are consolidated VIEs.

(b) Other is comprised of Elbow Creek TE Holdco LLC and the Spring Canyon projects.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Acquisitions and Dispositions - Summary of Assets and Liabilities Transferred (Details) - USD ($) $ in Millions	Aug. 30, 2023	Feb. 17, 2023
Daggett 2 Drop Down
Schedule of Asset Acquisition [Line Items]
Cash	$ 1
Restricted cash	119
Property, plant and equipment	379
Right-of-use-assets, net	22
Derivative assets	22
Total assets acquired	543
Long-term debt	308
Long-term lease liabilities	23
Other current and non-current liabilities	28
Total liabilities assumed	359
Noncontrolling interests	213
Net assets acquired	(29)
Unamortized debt issuance costs	3
Daggett 2 Drop Down \| Construction loans
Schedule of Asset Acquisition [Line Items]
Long-term debt	107
Daggett 2 Drop Down \| Sponsor Equity Bridge Loan
Schedule of Asset Acquisition [Line Items]
Long-term debt	204
Daggett 2 Drop Down \| Tax Equity Bridge Loan
Schedule of Asset Acquisition [Line Items]
Long-term debt	$ 204
Daggett 3 Drop Down
Schedule of Asset Acquisition [Line Items]
Restricted cash		$ 14
Property, plant and equipment		534
Right-of-use-assets, net		31
Derivative assets		27
Total assets acquired		606
Long-term debt		480
Long-term lease liabilities		33
Other current and non-current liabilities		78
Total liabilities assumed		591
Net assets acquired		15
Unamortized debt issuance costs		5
Daggett 3 Drop Down \| CEG
Schedule of Asset Acquisition [Line Items]
Long-term lease liabilities		32
Transfers of assets under common control		21
Payments for associated fees		53
Daggett 3 Drop Down \| Construction loans
Schedule of Asset Acquisition [Line Items]
Long-term debt		181
Daggett 3 Drop Down \| Sponsor Equity Bridge Loan
Schedule of Asset Acquisition [Line Items]
Long-term debt		75
Daggett 3 Drop Down \| Tax Equity Bridge Loan
Schedule of Asset Acquisition [Line Items]
Long-term debt		$ 229

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 105	$ 78	$ 189	$ 1,402

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the SEC’s regulations for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The following notes should be read in conjunction with the accounting policies and other disclosures as set forth in the notes to the consolidated financial statements included in the Company’s 2022 Form 10-K. Interim results are not necessarily indicative of results for a full year. In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all material adjustments consisting of normal and recurring accruals necessary to present fairly the Company’s consolidated financial position as of September 30, 2023, and results of operations, comprehensive income and cash flows for the three and nine months ended September 30, 2023 and 2022
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amounts of net earnings during the reporting periods. Actual results could be different from these estimates.
Cash and Cash Equivalents	Cash and cash equivalents include highly liquid investments with an original maturity of three months or less at the time of purchase.
Restricted Cash	Restricted cash consists primarily of funds held to satisfy the requirements of certain debt agreements and funds held within the Company’s projects that are restricted in their use.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In March 2020, the FASB issued ASU No. 2020-4, Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The amendments provide for optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. These amendments apply only to contracts that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform, which affects certain of the Company’s debt and interest rate swap agreements. The guidance is effective for all entities as of March 20, 2020 through December 31, 2022. In December 2022, the FASB issued ASU No. 2022-6, Deferral of the Sunset Date of Reference Rate Reform, to extend the end of the transition period to December 31, 2024. As of July 14, 2023, the Company has amended all of the applicable contracts that previously used LIBOR as a reference rate and elected to apply the practical expedient to certain modified cash flow interest rate swap and debt agreements. The adoption did not have a material impact on the Company’s financial statements.
Concentration of Credit Risk	Concentration of Credit Risk In addition to the credit risk discussion as disclosed under Item 15 — Note 2, Summary of Significant Accounting Policies, to the consolidated financial statements included in the Company’s 2022 Form 10-K, the following item is a discussion of the concentration of credit risk for the Company’s financial instruments. Credit risk relates to the risk of loss resulting from non-performance or non-payment by counterparties pursuant to the terms of their contractual obligations. The Company monitors and manages credit risk through credit policies that include: (i) an established credit approval process; (ii) monitoring of counterparties' credit limits on an as needed basis; (iii) as applicable, the use of credit mitigation measures such as margin, collateral, prepayment arrangements, or volumetric limits; (iv) the use of payment netting agreements; and (v) the use of master netting agreements that allow for the netting of positive and negative exposures of various contracts associated with a single counterparty. Risks surrounding counterparty performance and credit could ultimately impact the amount and timing of expected cash flows. The Company seeks to mitigate counterparty risk by having a diversified portfolio of counterparties. Counterparty credit exposure includes credit risk exposure under certain long-term agreements, including solar and other PPAs. As external sources or observable market quotes are not available to estimate such exposure, the Company estimates the exposure related to these contracts based on various techniques including, but not limited to, internal models based on a fundamental analysis of the market and extrapolation of observable market data with similar characteristics. A significant portion of these commodity contracts are with utilities with strong credit quality and public utility commission or other regulatory support. However, such regulated utility counterparties can be impacted by changes in government regulations or adverse financial conditions, which the Company is unable to predict. Certain subsidiaries of the Company sell the output of their facilities to PG&E, a significant counterparty of the Company, under long-term PPAs, and PG&E’s credit rating is below investment-grade.

Summary of Significant Accounting Policies - Accumulated Depreciation, Accumulated Amortization (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Property, Plant and Equipment Accumulated Depreciation	$ 3,357	$ 3,024
Intangible Assets Accumulated Amortization	$ 1,018	$ 877

Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Net Notional Volume Buy/(Sell) of NRG Yield's Open Derivative Transactions Broken Out by Commodity

The following table summarizes the net notional volume buy/(sell) of the Company’s open derivative transactions broken out by commodity:


		Total Volume
		September 30, 2023		December 31, 2022
Commodity	Units	(In millions)
Power (Energy-Related Commodity Contracts)	MWh	(16)		(18)
Power (Heat Rate Call Option Commodity Contracts)	MWh	(1)		—
Interest	Dollars	$	1,752	$	1,084

Schedule of Fair Value Within the Derivative Instrument Valuation on the Balance Sheets

The following table summarizes the fair value within the derivative instrument valuation on the consolidated balance sheets:


	Fair Value
	Derivative Assets				Derivative Liabilities
	September 30, 2023		December 31, 2022		September 30, 2023		December 31, 2022
	(In millions)
Derivatives Designated as Cash Flow Hedges:
Interest rate contracts current	$	7	$	7	$	—	$	—
Interest rate contracts long-term	25		18		—		—
Total Derivatives Designated as Cash Flow Hedges	$	32	$	25	$	—	$	—
Derivatives Not Designated as Cash Flow Hedges:
Interest rate contracts current	$	41	$	19	$	—	$	—
Interest rate contracts long-term	107		45		—		—
Commodity contracts current	3		—		54		50
Commodity contracts long-term	—		—		271		303
Total Derivatives Not Designated as Cash Flow Hedges	$	151	$	64	$	325	$	353
Total Derivatives	$	183	$	89	$	325	$	353

Schedule of Offsetting of Derivatives by Counterparty Master Agreement Level and Collateral Received or Paid


	Gross Amounts Not Offset in the Statement of Financial Position
As of September 30, 2023	Gross Amounts of Recognized Assets/Liabilities		Derivative Instruments		Net Amount
Commodity contracts	(In millions)
Derivative assets	$	3	$	—	$	3
Derivative liabilities	(325)		—		(325)
Total commodity contracts	$	(322)	$	—	$	(322)
Interest rate contracts
Derivative assets	$	180	$	—	$	180

Total interest rate contracts	$	180	$	—	$	180
Total derivative instruments	$	(142)	$	—	$	(142)


	Gross Amounts Not Offset in the Statement of Financial Position
As of December 31, 2022	Gross Amounts of Recognized Assets/Liabilities		Derivative Instruments		Net Amount
Commodity contracts	(In millions)

Derivative liabilities	$	(353)	$	—	$	(353)
Total commodity contracts	$	(353)	$	—	$	(353)
Interest rate contracts
Derivative assets	$	89	$	—	$	89

Total interest rate contracts	$	89	$	—	$	89
Total derivative instruments	$	(264)	$	—	$	(264)

Summary of Effects of NRG Yield's Accumulated OCI Balance Attributable to Interest Rate Swaps Designated as Cash Flow Hedge Derivatives, Net of Tax

The following table summarizes the effects on the Company’s accumulated OCI (OCL) balance attributable to interest rate swaps designated as cash flow hedge derivatives:


	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
	(In millions)
Accumulated OCI (OCL) beginning balance	$	27	$	10	$	27	$	(13)
Reclassified from accumulated OCI (OCL) to income due to realization of previously deferred amounts	(2)		2		(3)		7
Capistrano Wind Portfolio Acquisition	—		7		—		7
Mark-to-market of cash flow hedge accounting contracts	11		12		12		30
Accumulated OCI ending balance	36		31		36		31
Accumulated OCI attributable to noncontrolling interests	10		6		10		6
Accumulated OCI attributable to Clearway Energy LLC	$	26	$	25	$	26	$	25
Gains expected to be realized from OCI during the next 12 months	$	6			$	6

Schedule of Derivative Gains and Losses

Mark-to-market gains/(losses) related to the Company’s derivatives are recorded in the consolidated statements of income as follows:


	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
	(In millions)
Interest Rate Contracts (Interest expense)	$	33	$	33	$	34	$	110
Energy-Related Commodity Contracts (Mark-to-market for economic hedging activities) (a)	(22)		(17)		28		(191)
Heat Rate Call Option Commodity Contracts (Mark-to-market for economic hedging activities) (b)	3		—		3		—

(b) Relates to short-term heat rate call option commodity contracts at Marsh Landing and Walnut Creek.

Long-term Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Long-Term Debt


(In millions, except rates)	September 30, 2023		December 31, 2022		September 30, 2023 interest rate % (a)	Letters of Credit Outstanding at September 30, 2023
Intercompany Note with Clearway, Inc.	$	2	$	2	5.120


2028 Senior Notes	850		850		4.750
2031 Senior Notes	925		925		3.750
2032 Senior Notes	350		350		3.750
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 (b)	—		—		S+1.850	$	211

Non-recourse project-level debt:
Agua Caliente Solar LLC, due 2037	628		649		2.395-3.633	45
Alta Wind Asset Management LLC, due 2031	11		12		S+2.775	—
Alta Wind I-V lease financing arrangements, due 2034 and 2035	679		709		5.696-7.015	47
Alta Wind Realty Investments LLC, due 2031	21		22		7.000	—
Borrego, due 2024 and 2038	49		51		Various	—
Buckthorn Solar, due 2025	117		119		S+2.100	21
Capistrano Wind Portfolio, due 2029 and 2031	141		156		S+2.100-S+2.150	34
Carlsbad Energy Holdings LLC, due 2027	99		115		S+1.900	68
Carlsbad Energy Holdings LLC, due 2038	407		407		4.120	—
Carlsbad Holdco, LLC, due 2038	197		197		4.210	6
CVSR, due 2037	601		627		2.339-3.775	12
CVSR Holdco Notes, due 2037	151		160		4.680	—
Daggett 2, due 2023 and 2028	319		—		S+1.262	29
Daggett 3, due 2023 and 2028	446		—		S+1.262	39
DG-CS Master Borrower LLC, due 2040	385		413		3.510	30







Marsh Landing, due 2023	—		19			—
Mililani I, due 2027 (c)	—		47		S+1.600	—
Mililani Class B Member Holdco LLC, due 2028 (c)	93		—		S+1.600	18
NIMH Solar, due 2024	151		163		S+2.150	14
Oahu Solar Holdings LLC, due 2026	82		83		S+1.525	10

Rosie Class B LLC, due 2024 and 2029	317		76		S+1.250-S+1.375	24





Utah Solar Holdings, due 2036	253		257		3.590	15
Viento Funding II, LLC, due 2029	178		184		S+1.475	25
Waiawa, due 2028 (c)	—		97		S+1.600	—
Walnut Creek, due 2023	—		19			—
WCEP Holdings, LLC, due 2023	—		26			—
Other	128		137		Various	199
Subtotal non-recourse project-level debt	5,453		4,745
Total debt	7,580		6,872
Less current maturities	(524)		(324)
Less net debt issuance costs	(64)		(61)
Add premiums (d)	3		4
Total long-term debt	$	6,995	$	6,491

(a) As of September 30, 2023, S+ equals SOFR plus x%.

(b) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement.

(c) On July 21, 2023, Mililani I’s financing agreement was amended to merge the project-level debt of Mililani I and Waiawa as a combined term loan under Mililani Class B Member Holdco LLC.

(d) Premiums relate to the 2028 Senior Notes.

Related Party Transactions	9 Months Ended
Related Party Transactions	Sep. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions In addition to the transactions and relationships described elsewhere in the notes to the consolidated financial statements, certain subsidiaries of CEG provide services to the Company and its project entities. Amounts due to CEG subsidiaries are recorded as accounts payable — affiliates and amounts due to the Company from CEG subsidiaries are recorded as accounts receivable — affiliates in the Company’s consolidated balance sheets. The disclosures below summarize the Company’s material related party transactions with CEG and its subsidiaries that are included in the Company’s operating costs. O&M Services Agreements by and between the Company and Clearway Renewable Operation & Maintenance LLC Various wholly-owned subsidiaries of the Company in the Renewables segment are party to services agreements with Clearway Renewable Operation & Maintenance LLC, or RENOM, a wholly-owned subsidiary of CEG, which provides operation and maintenance, or O&M, services to these subsidiaries. The Company incurred total expenses for these services of $18 million and $19 million for the three months ended September 30, 2023 and 2022, respectively. The Company incurred total expenses for these services of $54 million and $49 million for the nine months ended September 30, 2023 and 2022, respectively. There was a balance of $10 million and $14 million due to RENOM as of September 30, 2023 and December 31, 2022, respectively. Administrative Services Agreements by and between the Company and CEG Various wholly-owned subsidiaries of the Company are parties to services agreements with Clearway Asset Services LLC and Solar Asset Management LLC, two wholly-owned subsidiaries of CEG, which provide various administrative services to the Company's subsidiaries. The Company incurred expenses under these agreements of $5 million and $3 million for the three months ended September 30, 2023, and 2022, respectively. The Company incurred expenses under these agreements of $15 million and $11 million for the nine months ended September 30, 2023 and 2022, respectively. There was a balance of $2 million and $3 million due to CEG as of September 30, 2023 and December 31, 2022, respectively. CEG Master Services Agreements

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Use of Estimates

The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amounts of net earnings during the reporting periods. Actual results could be different from these estimates.

Cash, Cash Equivalents and Restricted Cash

Cash and cash equivalents include highly liquid investments with an original maturity of three months or less at the time of purchase. Cash and cash equivalents held at project subsidiaries was $125 million and $121 million as of September 30, 2023 and December 31, 2022, respectively.

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows:


	September 30, 2023		December 31, 2022
	(In millions)
Cash and cash equivalents	$	566	$	657
Restricted cash	590		339
Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$	1,156	$	996

Restricted cash consists primarily of funds held to satisfy the requirements of certain debt agreements and funds held within the Company’s projects that are restricted in their use. As of September 30, 2023, these restricted funds were comprised of $160 million designated to fund operating expenses, $316 million designated for current debt service payments and $85 million restricted for reserves including debt service, performance obligations and other reserves as well as capital expenditures. The remaining $29 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,
	2023		2022
	(In millions)
Cash paid to acquire Drop Down Assets	$	(34)	$	(51)
Cash acquired from the acquisition of Drop Down Assets	134		—
Acquisition of Drop Down Assets, net of cash acquired	$	100	$	(51)

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, 2023		December 31, 2022
	(In millions)
Property, Plant and Equipment Accumulated Depreciation	$	3,357	$	3,024
Intangible Assets Accumulated Amortization	1,018		877

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, 2023:


	Third Quarter 2023		Second Quarter 2023		First Quarter 2023
Distributions per Class A, B, C and D unit	$	0.3891	$	0.3818	$	0.3745

On November 1, 2023, the Company declared a distribution on its Class A, Class B, Class C and Class D units of $0.3964 per unit payable on December 15, 2023 to unit holders of record as of December 1, 2023.

In addition to the quarterly distributions, the Company paid $50 million in additional distributions, $29 million of which was distributed to Clearway, Inc. and $21 million of which was distributed to CEG, during the nine months ended September 30, 2023, in order for Clearway, Inc. to make certain additional tax payments primarily associated with the sale of the Thermal Business.

Redeemable Noncontrolling Interests

To the extent that a third party has the right to redeem their interests for cash or other assets, the Company has included the noncontrolling interest attributable to the third party as a component of temporary equity in the mezzanine section of the consolidated balance sheet. The following table reflects the changes in the Company’s redeemable noncontrolling interest balance:


	(In millions)
Balance at December 31, 2022	$	7
Cash distributions to redeemable noncontrolling interests	(3)
Comprehensive income attributable to redeemable noncontrolling interests	14
Balance at September 30, 2023	$	18

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, 2023
(In millions)	Conventional Generation		Renewables		Total
Energy revenue (a)	$	57	$	280	$	337
Capacity revenue (a)	74		5		79
Other revenue	3		17		20
Contract amortization	(5)		(42)		(47)
Mark-to-market for economic hedges	3		(21)		(18)
Total operating revenues	132		239		371
Less: Mark-to-market for economic hedges	(3)		21		18
Less: Lease revenue	(41)		(233)		(274)
Less: Contract amortization	5		42		47
Total revenue from contracts with customers	$	93	$	69	$	162

(a) The following amounts of energy, capacity and other revenue relate to leases and are accounted for under ASC 842:


(In millions)	Conventional Generation		Renewables		Total
Energy revenue	$	2	$	228	$	230
Capacity revenue	39		5		44
Total	$	41	$	233	$	274


	Three months ended September 30, 2022
(In millions)	Conventional Generation		Renewables		Total
Energy revenue (a)	$	2	$	272	$	274
Capacity revenue (a)	106		1		107
Other revenue	—		18		18
Contract amortization	(6)		(36)		(42)
Mark-to-market for economic hedges	—		(17)		(17)
Total operating revenues	102		238		340
Less: Mark-to-market for economic hedges	—		17		17
Less: Lease revenue	(108)		(226)		(334)
Less: Contract amortization	6		36		42
Total revenue from contracts with customers	$	—	$	65	$	65

(a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842:


(In millions)	Conventional Generation		Renewables		Total
Energy revenue	$	2	$	226	$	228
Capacity revenue	106		—		106
Total	$	108	$	226	$	334


	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 revenue (a)	24		56		80
Contract amortization	(16)		(125)		(141)
Mark-to-market for economic hedges	3		24		27
Total operating revenues	342		723		1,065
Less: Mark-to-market for economic hedges	(3)		(24)		(27)
Less: Lease revenue	(246)		(626)		(872)
Less: Contract amortization	16		125		141
Total revenue from contracts with customers	$	109	$	198	$	307

(a) The following amounts of energy, capacity and other revenue relate to leases and are accounted for under ASC 842:


(In millions)	Conventional Generation		Renewables		Total
Energy revenue	$	4	$	613	$	617
Capacity revenue	221		13		234
Other revenue (b)	21		—		21
Total	$	246	$	626	$	872

(b) On May 31, 2023, the Marsh Landing Black Start addition reached commercial operations and the Company will receive an annual fixed fee over a five-year term under the related agreement. The agreement was determined to be a sales-type lease resulting in the Company recording a lease receivable of $21 million included in total operating revenues, offset by net investment costs of $13 million included in cost of operations, resulting in a net pre-tax profit of $8 million.


	Nine months ended September 30, 2022
(In millions)	Conventional Generation		Renewables		Thermal		Total
Energy revenue (a)	$	5	$	773	$	48	$	826
Capacity revenue (a)	326		2		18		346
Other revenue	—		59		11		70
Contract amortization	(18)		(107)		—		(125)
Mark-to-market for economic hedges	—		(195)		—		(195)
Total operating revenues	313		532		77		922
Less: Mark-to-market for economic hedges	—		195		—		195
Less: Lease revenue	(331)		(656)		(1)		(988)
Less: Contract amortization	18		107		—		125
Total revenue from contracts with customers	$	—	$	178	$	76	$	254

(a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842:


(In millions)	Conventional Generation		Renewables		Thermal		Total
Energy revenue	$	5	$	656	$	1	$	662
Capacity revenue	326		—		—		326
Total	$	331	$	656	$	1	$	988

Contract Balances

The following table reflects the contract assets and liabilities included on the Company’s consolidated balance sheets:


	September 30, 2023		December 31, 2022
	(In millions)
Accounts receivable, net - Contracts with customers	$	67	$	37
Accounts receivable, net - Leases	129		116
Total accounts receivable, net	$	196	$	153

Recently Adopted Accounting Standards

In March 2020, the FASB issued ASU No. 2020-4, Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The amendments provide for optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. These amendments apply only to contracts that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform, which affects certain of the Company’s debt and interest rate swap agreements. The guidance is effective for all entities as of March 20, 2020 through December 31, 2022. In December 2022, the FASB issued ASU No. 2022-6, Deferral of the Sunset Date of Reference Rate Reform, to extend the end of the transition period to December 31, 2024. As of July 14, 2023, the Company has amended all of the applicable contracts that previously used LIBOR as a reference rate and elected to apply the practical expedient to certain modified cash flow interest rate swap and debt agreements. The adoption did not have a material impact on the Company’s financial statements.

Long-term Debt - Schedule of Debt (Details) - USD ($) $ in Millions		9 Months Ended
	Mar. 15, 2023	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt		$ 7,580	$ 6,872
Less current maturities		(524)	(324)
Less net debt issuance costs		(64)	(61)
Add premiums		3	4
Total long-term debt		6,995	6,491
Intercompany Note with Clearway, Inc.
Debt Instrument [Line Items]
Long-term debt		$ 2	2
Debt instrument, interest rate, stated percentage		5.12%
2028 Senior Notes
Debt Instrument [Line Items]
Long-term debt		$ 850	850
Debt instrument, interest rate, stated percentage		4.75%
2031 Senior Notes
Debt Instrument [Line Items]
Long-term debt		$ 925	925
Debt instrument, interest rate, stated percentage		3.75%
2032 Senior Notes
Debt Instrument [Line Items]
Long-term debt		$ 350	350
Debt instrument, interest rate, stated percentage		3.75%
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028
Debt Instrument [Line Items]
Long-term debt		$ 0	0
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028 \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.10%	1.85%
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 211
Agua Caliente Solar LLC, due 2037
Debt Instrument [Line Items]
Long-term debt		$ 628	649
Agua Caliente Solar LLC, due 2037 \| Minimum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		2.395%
Agua Caliente Solar LLC, due 2037 \| Maximum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		3.633%
Agua Caliente Solar LLC, due 2037 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 45
Alta Wind Asset Management LLC, due 2031
Debt Instrument [Line Items]
Long-term debt		$ 11	12
Alta Wind Asset Management LLC, due 2031 \| SOFR
Debt Instrument [Line Items]
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		$ 679	709
Alta Wind I-V lease financing arrangements, due 2034 and 2035 \| Minimum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		5.696%
Alta Wind I-V lease financing arrangements, due 2034 and 2035 \| Maximum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		7.015%
Alta Wind I-V lease financing arrangements, due 2034 and 2035 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 47
Alta Wind Realty Investments LLC, due 2031
Debt Instrument [Line Items]
Long-term debt		$ 21	22
Debt instrument, interest rate, stated percentage		7.00%
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		49	51
Borrego, due 2024 and 2038 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		0
Buckthorn Solar, due 2025
Debt Instrument [Line Items]
Long-term debt		$ 117	119
Buckthorn Solar, due 2025 \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.10%
Buckthorn Solar, due 2025 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 21
Capistrano Wind Portfolio, due 2029 and 2031
Debt Instrument [Line Items]
Long-term debt		$ 141	156
Capistrano Wind Portfolio, due 2029 and 2031 \| Minimum \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		210.00%
Capistrano Wind Portfolio, due 2029 and 2031 \| Maximum \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.15%
Capistrano Wind Portfolio, due 2029 and 2031 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 34
Carlsbad Energy Holdings LLC, due 2027
Debt Instrument [Line Items]
Long-term debt		$ 99	115
Carlsbad Energy Holdings LLC, due 2027 \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.90%
Carlsbad Energy Holdings LLC, due 2027 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 68
Carlsbad Energy Holdings LLC, due 2038
Debt Instrument [Line Items]
Long-term debt		$ 407	407
Debt instrument, interest rate, stated percentage		4.12%
Carlsbad Energy Holdings LLC, due 2038 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 0
Carlsbad Holdco, LLC, due 2038
Debt Instrument [Line Items]
Long-term debt		$ 197	197
Debt instrument, interest rate, stated percentage		4.21%
Carlsbad Holdco, LLC, due 2038 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 6
CVSR, due 2037
Debt Instrument [Line Items]
Long-term debt		$ 601	627
CVSR, due 2037 \| Minimum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		2.339%
CVSR, due 2037 \| Maximum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		3.775%
CVSR, due 2037 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 12
CVSR Holdco Notes, due 2037
Debt Instrument [Line Items]
Long-term debt		$ 151	160
Debt instrument, interest rate, stated percentage		4.68%
CVSR Holdco Notes, due 2037 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 0
Daggett 2, due 2023 and 2028
Debt Instrument [Line Items]
Long-term debt		$ 319	0
Debt instrument, interest rate, stated percentage		1.262%
Daggett 2, due 2023 and 2028 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 29
Daggett 3, due 2023 and 2028
Debt Instrument [Line Items]
Long-term debt		446	0
Letters of credit outstanding, amount		$ 39
Daggett 3, due 2023 and 2028 \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.262%
DG-CS Master Borrower LLC, due 2040
Debt Instrument [Line Items]
Long-term debt		$ 385	413
Debt instrument, interest rate, stated percentage		3.51%
DG-CS Master Borrower LLC, due 2040 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 30
Marsh Landing, due 2023
Debt Instrument [Line Items]
Long-term debt		0	19
Marsh Landing, due 2023 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		0
Mililani I, due 2027
Debt Instrument [Line Items]
Long-term debt		$ 0	47
Mililani I, due 2027 \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.60%
Mililani I, due 2027 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 0
Mililani Class B Holdco, Due 2028
Debt Instrument [Line Items]
Long-term debt		$ 93	0
Mililani Class B Holdco, Due 2028 \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.60%
Mililani Class B Holdco, Due 2028 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 18
NIMH Solar, due 2024
Debt Instrument [Line Items]
Long-term debt		$ 151	163
NIMH Solar, due 2024 \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.15%
NIMH Solar, due 2024 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 14
Oahu Solar Holdings LLC, due 2026
Debt Instrument [Line Items]
Long-term debt		$ 82	83
Oahu Solar Holdings LLC, due 2026 \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.525%
Oahu Solar Holdings LLC, due 2026 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 10
Rosie Class B LLC, due 2024 and 2029
Debt Instrument [Line Items]
Long-term debt		$ 317	76
Rosie Class B LLC, due 2024 and 2029 \| Minimum \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.25%
Rosie Class B LLC, due 2024 and 2029 \| Maximum \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		137.50%
Rosie Class B LLC, due 2024 and 2029 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 24
Utah Solar Holdings, due 2036
Debt Instrument [Line Items]
Long-term debt		$ 253	257
Debt instrument, interest rate, stated percentage		3.59%
Utah Solar Holdings, due 2036 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 15
Viento Funding II, LLC, due 2029
Debt Instrument [Line Items]
Long-term debt		$ 178	184
Viento Funding II, LLC, due 2029 \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.475%
Viento Funding II, LLC, due 2029 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 25
Waiawa, due 2028 (c)
Debt Instrument [Line Items]
Long-term debt		0	97
Letters of credit outstanding, amount		$ 0
Waiawa, due 2028 (c) \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.60%
Walnut Creek, due 2023
Debt Instrument [Line Items]
Long-term debt		$ 0	19
Walnut Creek, due 2023 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		0
WCEP Holdings, LLC, due 2023
Debt Instrument [Line Items]
Long-term debt		0	26
WCEP Holdings, LLC, due 2023 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		0
Other
Debt Instrument [Line Items]
Long-term debt		128	137
Other \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		199
Subtotal non-recourse project-level debt
Debt Instrument [Line Items]
Long-term debt		$ 5,453	$ 4,745

Fair Value of Financial Instruments - Recurring Fair Value (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	$ 183						$ 183		$ 89
Derivative Liabilities	325						$ 325		353
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in unrealized losses included in earnings for derivatives and other financial instruments held as of September 30, 2023	$ 9	$ 4	$ (4)	$ 14	$ 7	$ 16
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Derivative instruments			Derivative instruments			Derivative instruments	Derivative instruments
Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	$ 3						$ 3
Derivative Liabilities	325						325		353
Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	180						180		89
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in unrealized losses included in earnings for derivatives and other financial instruments held as of September 30, 2023	33			$ 33			34	$ 110
Fair Value, Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	180						180		89
Derivative Liabilities	0						0		0
Fair Value, Recurring \| Level 2 \| Commodity 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 2 \| Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	180						180		89
Fair Value, Recurring \| Level 2 \| Other Financial Instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	0						0		0
Fair Value, Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	16						16		17
Derivative Liabilities	325						325		353
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	(291)		$ (336)	(332)		$ (154)	(336)	(154)
Settlements	21			14			30	42
Additions due to loss of NPNS exception	0			0			0	(22)
Total losses for the period included in earnings	(39)			(31)			(3)	(215)
Ending balance	(309)	$ (291)		(349)	$ (332)		(309)	(349)
Change in unrealized losses included in earnings for derivatives and other financial instruments held as of September 30, 2023	(39)						(3)
Fair Value, Recurring \| Level 3 \| Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	3						3		0
Derivative Liabilities	325						325		353
Fair Value, Recurring \| Level 3 \| Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	0						0		0
Fair Value, Recurring \| Level 3 \| Other Financial Instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	$ 13						$ 13		$ 17

Investments Accounted for by the Equity Method and Variable Interest Entities - Unconsolidated Entities (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Equity investments in affiliates	$ 373	$ 364
Avenal
Schedule of Equity Method Investments [Line Items]
Economic Interest	50.00%
Equity investments in affiliates	$ 7
Desert Sunlight
Schedule of Equity Method Investments [Line Items]
Economic Interest	25.00%
Equity investments in affiliates	$ 234
Elkhorn Ridge
Schedule of Equity Method Investments [Line Items]
Economic Interest	67.00%
Equity investments in affiliates	$ 15
GenConn
Schedule of Equity Method Investments [Line Items]
Economic Interest	50.00%
Equity investments in affiliates	$ 79
Rosie Central BESS
Schedule of Equity Method Investments [Line Items]
Economic Interest	50.00%
Equity investments in affiliates	$ 28
San Juan Mesa
Schedule of Equity Method Investments [Line Items]
Economic Interest	75.00%
Equity investments in affiliates	$ 10

Derivative Instruments and Hedging Activities - Summary of Offsetting of Derivatives by Counterparty Master Agreement Level (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Derivative assets, gross	$ 183	$ 89
Derivative liabilities, gross	(325)	(353)
Fair value of gross derivative assets/(liabilities), net	(142)	(264)
Derivative instruments	0	0
Net amount	(142)	(264)
Commodity contracts
Derivatives, Fair Value [Line Items]
Derivative assets, gross	3
Derivative instruments, assets	0
Net amount	3
Derivative liabilities, gross	(325)	(353)
Derivative instruments, liabilities	0	0
Derivative liability, Net Amount	(325)	(353)
Fair value of gross derivative assets/(liabilities), net	(322)	(353)
Derivative instruments	0	0
Net amount	(322)	(353)
Interest rate contracts
Derivatives, Fair Value [Line Items]
Derivative assets, gross	180	89
Derivative instruments, assets	0	0
Net amount	180	89
Fair value of gross derivative assets/(liabilities), net	180	89
Derivative instruments	0	0
Net amount	$ 180	$ 89

Derivative Instruments and Hedging Activities - AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Mark-to-market of cash flow hedge accounting contracts	$ 9	$ 14	$ 9	$ 37
Accumulated other comprehensive income	26		26		$ 21
Gains expected to be realized from OCI during the next 12 months	6		6
AOCI Including Portion Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated OCI (OCL) beginning balance	27	10	27	(13)
Accumulated OCI ending balance	36	31	36	31
Accumulated Foreign Currency Adjustment Including Portion Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassified from accumulated OCI (OCL) to income due to realization of previously deferred amounts	(2)	2	(3)	7
Mark-to-market of cash flow hedge accounting contracts	11	12	12	30
Accumulated Foreign Currency Adjustment Including Portion Attributable to Noncontrolling Interest \| Capistrano Wind Portfolio
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Capistrano Wind Portfolio Acquisition	0	7	0	7
Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated other comprehensive income	10	6	10	6
Accumulated Other Comprehensive(Loss) Income
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated other comprehensive income	$ 26	$ 25	$ 26	$ 25

CONSOLIDATED STATEMENTS OF INCOME - Unaudited - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Operating Revenues
Total operating revenues	$ 371	$ 340	$ 1,065	$ 922
Operating Costs and Expenses
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	134	98	360	338
Depreciation, amortization and accretion	133	129	389	379
General and administrative	8	8	27	29
Transaction and integration costs	1	0	3	5
Development costs	0	0	0	2
Total operating costs and expenses	276	235	779	753
Gain on sale of business	0	0	0	1,291
Operating Income	95	105	286	1,460
Other Income (Expense)
Equity in earnings of unconsolidated affiliates	11	14	11	28
Other income, net	15	5	32	10
Loss on debt extinguishment	0	0	0	(2)
Interest expense	(48)	(49)	(202)	(143)
Total other expense, net	(22)	(30)	(159)	(107)
Net Income	73	75	127	1,353
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(32)	(3)	(62)	(49)
Net Income Attributable to Clearway Energy LLC	$ 105	$ 78	$ 189	$ 1,402

Fair Value of Financial Instruments - Balance Sheet Grouping (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — affiliate	$ 7,580	$ 6,872
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — affiliate	2	2
Long-term debt, including current portion — external	7,581	6,874
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — affiliate	2	2
Long-term debt, including current portion — external	6,527	6,288
Fair Value \| Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — external	1,762	1,836
Fair Value \| Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion — external	$ 4,767	$ 4,454

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents


	September 30, 2023		December 31, 2022
	(In millions)
Cash and cash equivalents	$	566	$	657
Restricted cash	590		339
Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$	1,156	$	996

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,
	2023		2022
	(In millions)
Cash paid to acquire Drop Down Assets	$	(34)	$	(51)
Cash acquired from the acquisition of Drop Down Assets	134		—
Acquisition of Drop Down Assets, net of cash acquired	$	100	$	(51)

Schedule of Restricted Cash


	September 30, 2023		December 31, 2022
	(In millions)
Cash and cash equivalents	$	566	$	657
Restricted cash	590		339
Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$	1,156	$	996

Schedule of Accumulated Depreciation and Amortization

The following table presents the accumulated depreciation included in property, plant and equipment, net, and accumulated amortization included in intangible assets, net:


	September 30, 2023		December 31, 2022
	(In millions)
Property, Plant and Equipment Accumulated Depreciation	$	3,357	$	3,024
Intangible Assets Accumulated Amortization	1,018		877

Summary of Distributions Made to Limited Liability Company (LLC) Member, by Distribution

The following table lists distributions paid on the Company's Class A, B, C and D units during the nine months ended September 30, 2023:


	Third Quarter 2023		Second Quarter 2023		First Quarter 2023
Distributions per Class A, B, C and D unit	$	0.3891	$	0.3818	$	0.3745

Schedule of Redeemable Noncontrolling Interest

The following table reflects the changes in the Company’s redeemable noncontrolling interest balance:


	(In millions)
Balance at December 31, 2022	$	7
Cash distributions to redeemable noncontrolling interests	(3)
Comprehensive income attributable to redeemable noncontrolling interests	14
Balance at September 30, 2023	$	18

Summary of Disaggregation of Revenue

The following tables represent the Company’s disaggregation of revenue from contracts with customers along with the reportable segment for each category:


	Three months ended September 30, 2023
(In millions)	Conventional Generation		Renewables		Total
Energy revenue (a)	$	57	$	280	$	337
Capacity revenue (a)	74		5		79
Other revenue	3		17		20
Contract amortization	(5)		(42)		(47)
Mark-to-market for economic hedges	3		(21)		(18)
Total operating revenues	132		239		371
Less: Mark-to-market for economic hedges	(3)		21		18
Less: Lease revenue	(41)		(233)		(274)
Less: Contract amortization	5		42		47
Total revenue from contracts with customers	$	93	$	69	$	162

(a) The following amounts of energy, capacity and other revenue relate to leases and are accounted for under ASC 842:


(In millions)	Conventional Generation		Renewables		Total
Energy revenue	$	2	$	228	$	230
Capacity revenue	39		5		44
Total	$	41	$	233	$	274


	Three months ended September 30, 2022
(In millions)	Conventional Generation		Renewables		Total
Energy revenue (a)	$	2	$	272	$	274
Capacity revenue (a)	106		1		107
Other revenue	—		18		18
Contract amortization	(6)		(36)		(42)
Mark-to-market for economic hedges	—		(17)		(17)
Total operating revenues	102		238		340
Less: Mark-to-market for economic hedges	—		17		17
Less: Lease revenue	(108)		(226)		(334)
Less: Contract amortization	6		36		42
Total revenue from contracts with customers	$	—	$	65	$	65

(a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842:


(In millions)	Conventional Generation		Renewables		Total
Energy revenue	$	2	$	226	$	228
Capacity revenue	106		—		106
Total	$	108	$	226	$	334


	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 revenue (a)	24		56		80
Contract amortization	(16)		(125)		(141)
Mark-to-market for economic hedges	3		24		27
Total operating revenues	342		723		1,065
Less: Mark-to-market for economic hedges	(3)		(24)		(27)
Less: Lease revenue	(246)		(626)		(872)
Less: Contract amortization	16		125		141
Total revenue from contracts with customers	$	109	$	198	$	307

(a) The following amounts of energy, capacity and other revenue relate to leases and are accounted for under ASC 842:


(In millions)	Conventional Generation		Renewables		Total
Energy revenue	$	4	$	613	$	617
Capacity revenue	221		13		234
Other revenue (b)	21		—		21
Total	$	246	$	626	$	872


	Nine months ended September 30, 2022
(In millions)	Conventional Generation		Renewables		Thermal		Total
Energy revenue (a)	$	5	$	773	$	48	$	826
Capacity revenue (a)	326		2		18		346
Other revenue	—		59		11		70
Contract amortization	(18)		(107)		—		(125)
Mark-to-market for economic hedges	—		(195)		—		(195)
Total operating revenues	313		532		77		922
Less: Mark-to-market for economic hedges	—		195		—		195
Less: Lease revenue	(331)		(656)		(1)		(988)
Less: Contract amortization	18		107		—		125
Total revenue from contracts with customers	$	—	$	178	$	76	$	254

(a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842:


(In millions)	Conventional Generation		Renewables		Thermal		Total
Energy revenue	$	5	$	656	$	1	$	662
Capacity revenue	326		—		—		326
Total	$	331	$	656	$	1	$	988

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, 2023		December 31, 2022
	(In millions)
Accounts receivable, net - Contracts with customers	$	67	$	37
Accounts receivable, net - Leases	129		116
Total accounts receivable, net	$	196	$	153

CONSOLIDATED STATEMENTS OF CASH FLOWS - Unaudited - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash Flows from Operating Activities
Net Income	$ 127	$ 1,353
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of unconsolidated affiliates	(11)	(28)
Distributions from unconsolidated affiliates	17	25
Depreciation, amortization and accretion	389	379
Amortization of financing costs and debt discounts	9	10
Amortization of intangibles	139	123
Loss on debt extinguishment	0	2
Gain on sale of business	0	(1,291)
Reduction in carrying amount of right-of-use assets	11	10
Changes in derivative instruments and amortization of accumulated OCI/OCL	(64)	77
Cash used in changes in other working capital:
Changes in prepaid and accrued liabilities for tolling agreements	(23)	24
Changes in other working capital	(69)	(70)
Net Cash Provided by Operating Activities	525	614
Cash Flows from Investing Activities
Acquisition of Drop Down Assets, net of cash acquired	100	(51)
Acquisition of Capistrano Wind Portfolio, net of cash acquired	0	(223)
Increase in note receivable — affiliate	(215)	0
Capital expenditures	(143)	(95)
Return of investment from unconsolidated affiliates	14	12
Investments in unconsolidated affiliates	(28)	0
Proceeds from sale of business	0	1,457
Other	1	0
Net Cash (Used in) Provided by Investing Activities	(271)	1,100
Cash Flows from Financing Activities
Contributions from noncontrolling interests, net of distributions	219	2
Contributions from (distributions to) CEG, net	75	(16)
Payments of distributions	(231)	(214)
Tax-related distributions	(50)	(19)
Distributions to CEG of escrowed amounts	0	(64)
Proceeds from the revolving credit facility	0	80
Payments for the revolving credit facility	0	(325)
Proceeds from the issuance of long-term debt — external	293	219
Proceeds from the issuance of long-term debt — affiliate	0	5
Payments of debt issuance costs	(14)	(4)
Payments for long-term debt — external	(384)	(868)
Payments for long-term debt — affiliate	0	(1)
Other	(2)	(7)
Net Cash Used in Financing Activities	(94)	(1,212)
Net Increase in Cash, Cash Equivalents and Restricted Cash	160	502
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	996	654
Cash, Cash Equivalents and Restricted Cash at End of Period	$ 1,156	$ 1,156

Nature of Business (Tables)	9 Months Ended
Nature of Business (Tables)	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Clearway Energy Organizational Structure	The following table represents a summarized structure of the Company as of September 30, 2023:

Derivative Instruments and Hedging Activities - Impact on Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	$ 9	$ 4	$ (4)	$ 14	$ 7	$ 16
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	33			33			$ 34	$ 110
Energy-Related Commodity Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	(22)			(17)			28	(191)
Heat Rate Call Option Commodity Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	$ 3			$ 0			$ 3	$ 0

- Definition

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

+ References + Details

Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Asset Acquisition

The following is a summary of assets and liabilities transferred in connection with the acquisition as of August 30, 2023:


(In millions)	Daggett 2
Cash	$	1
Restricted cash (a)	119
Property, plant and equipment	379
Right-of-use-assets, net	22
Derivative assets	22

Total assets acquired	543

Long-term debt (b)	308
Long-term lease liabilities	23
Other current and non-current liabilities	28
Total liabilities assumed	359
Noncontrolling interests	213
Net assets acquired less noncontrolling interests	$	(29)

The following is a summary of assets and liabilities transferred in connection with the acquisition as of February 17, 2023:


(In millions)	Daggett 3
Restricted cash	$	14
Property, plant and equipment	534
Right-of-use-assets, net	31
Derivative assets	27

Total assets acquired	606

Long-term debt (a)	480
Long-term lease liabilities	33
Other current and non-current liabilities (b)	78
Total liabilities assumed	591
Net assets acquired	$	15

(a) Includes a $181 million construction loan, $75 million sponsor equity bridge loan and $229 million tax equity bridge loan, offset by $5 million in unamortized debt issuance costs. See Note 7, Long-term Debt, for further discussion of the long-term debt assumed in the acquisition.

(b) Includes $32 million of project costs that were subsequently funded by CEG. Subsequent to the acquisition date, CEG funded an additional $21 million in project costs. The combined $53 million funded by CEG was repaid to CEG in October 2023.

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		9 Months Ended
	Nov. 01, 2023	Sep. 30, 2023	May 31, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents, held at project subsidiaries		$ 125		$ 121
Restricted cash		590		$ 339
Distribution Made to Limited Partner, Cash Distributions Paid		50
Renewal period			5 years
Clearway Energy, Inc.
Cash and Cash Equivalents [Line Items]
Distribution paid		29
CEG
Cash and Cash Equivalents [Line Items]
Distribution paid		21
Common Class A \| Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution per Class A, B, C and D unit, delcared (in dollars per share)	$ 0.3964
Common Class B \| Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution per Class A, B, C and D unit, delcared (in dollars per share)	0.3964
Common Class C \| Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution per Class A, B, C and D unit, delcared (in dollars per share)	0.3964
Common Class D \| Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution per Class A, B, C and D unit, delcared (in dollars per share)	$ 0.3964
Long Term Debt Current
Cash and Cash Equivalents [Line Items]
Restricted cash		316
Debt Service Obligations
Cash and Cash Equivalents [Line Items]
Restricted cash		85
Cash Distribution
Cash and Cash Equivalents [Line Items]
Restricted cash		29
Operating Funds
Cash and Cash Equivalents [Line Items]
Restricted cash		$ 160

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2023
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

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The Company’s chief operating decision maker, its Chief Executive Officer, evaluates the performance of its segments based on operational measures including adjusted earnings before interest, taxes, depreciation and amortization, or Adjusted EBITDA, and CAFD, as well as net income (loss).


	Three months ended 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
Total Assets	$	2,114	$	10,797	$	459	$	13,370

(a) Includes eliminations.


	Three months ended September 30, 2022
(In millions)	Conventional Generation		Renewables		Corporate (a)		Total
Operating revenues	$	102	$	238	$	—	$	340

Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	19		79		—		98
Depreciation, amortization and accretion	33		96		—		129

General and administrative	—		—		8		8





Operating income (loss)	50		63		(8)		105
Equity in earnings of unconsolidated affiliates	1		13		—		14


Other income, net	1		—		4		5
Interest expense	(11)		(14)		(24)		(49)
Net Income (Loss)	$	41	$	62	$	(28)	$	75

(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.


	Nine months ended September 30, 2022
(In millions)	Conventional Generation		Renewables		Thermal		Corporate (a)		Total
Operating revenues	$	313	$	532	$	77	$	—	$	922
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	68		220		50		—		338
Depreciation, amortization and accretion	99		280		—		—		379

General and administrative	—		—		2		27		29
Transaction and integration costs	—		—		—		5		5
Development costs	—		—		2		—		2
Total operating costs and expenses	167		500		54		32		753
Gain on sale of business	—		—		—		1,291		1,291
Operating income	146		32		23		1,259		1,460
Equity in earnings of unconsolidated affiliates	3		25		—		—		28

Other income, net	1		4		—		5		10
Loss on debt extinguishment	—		(2)		—		—		(2)
Interest expense	(29)		(33)		(6)		(75)		(143)
Net Income	$	121	$	26	$	17	$	1,189	$	1,353

(a) Includes eliminations.

Fair Value of Financial Instruments - Significant Unobservable Inputs (Details) - Level 3 - Fair Value, Recurring $ in Millions	Sep. 30, 2023 USD ($) $ / 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	2.79
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	15.42
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	6.30
Energy-Related Commodity Contracts \| Valuation Technique, Discounted Cash Flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset \| $	$ 0
Derivative liability \| $	$ (325)
Energy-Related Commodity Contracts \| Low \| Measurement Input, Commodity Forward Price \| Valuation Technique, Discounted Cash Flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset/liability measurement input	21.75
Energy-Related 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	72.15
Energy-Related Commodity Contracts \| Weighted Average \| Measurement Input, Commodity Forward Price \| Valuation Technique, Discounted Cash Flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset/liability measurement input	38.96
Heat Rate Call Option Commodity Contracts \| Valuation Technique, Option Pricing Model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset \| $	$ 3
Derivative liability \| $	$ 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	6.24
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	179.30
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	67.93
Other Financial Instruments \| Valuation Technique, Discounted Cash Flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset \| $	$ 13
Derivative liability \| $	$ 0
Other Financial Instruments \| Low \| Measurement Input, Commodity Forward Price \| Valuation Technique, Discounted Cash Flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset/liability measurement input	60,801
Other Financial Instruments \| High \| Measurement Input, Commodity Forward Price \| Valuation Technique, Discounted Cash Flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset/liability measurement input	121,602
Other Financial Instruments \| Weighted Average \| Measurement Input, Commodity Forward Price \| Valuation Technique, Discounted Cash Flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset/liability measurement input	115,622

Nature of Business (Details)	9 Months Ended
Nature of Business (Details)	Sep. 30, 2023 MW
Nature of Business [Line Items]
Power generation capacity, megawatts (over)	8,000
Clearway Energy LLC \| GIP
Nature of Business [Line Items]
Voting Interest (as a percentage)	54.91%
Clearway Energy LLC \| Shareholders
Nature of Business [Line Items]
Voting Interest (as a percentage)	45.09%
Clearway Energy LLC \| Clearway Energy, Inc.
Nature of Business [Line Items]
Ownership interest (as a percentage)	57.90%
CEG \| Clearway Energy LLC
Nature of Business [Line Items]
Ownership interest (as a percentage)	42.10%
Conventional Generation, Utility-Scale Solar, Distributed Solar, and Wind
Nature of Business [Line Items]
Power generation capacity, megawatts (over)	5,500
Generational Facilities and District Energy Systems
Nature of Business [Line Items]
Power generation capacity, megawatts (over)	2,500

Segment Reporting (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
Segment Reporting (Details) - USD ($) $ in Millions	May 31, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Segment Reporting
Operating revenues		$ 371	$ 340	$ 1,065	$ 922
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below		134	98	360	338
Depreciation, amortization and accretion		133	129	389	379
General and administrative		8	8	27	29
Transaction and integration costs		1		3	5
Development costs		0	0	0	2
Total operating costs and expenses					753
Gain on sale of business		0	0	0	1,291
Operating income (loss)		95	105	286	1,460
Equity in earnings of unconsolidated affiliates		11	14	11	28
Other income, net		15	5	32	10
Loss on debt extinguishment		0	0	0	(2)
Interest expense		(48)	(49)	(202)	(143)
Net Income (Loss)	$ 8	73	75	127	1,353
Total assets		13,370		13,370		$ 12,312
Operating Segments
Segment Reporting
Operating revenues		371	340	1,065	922
Operating Segments \| Conventional Generation
Segment Reporting
Operating revenues		132	102	342	313
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below		54	19	123	68
Depreciation, amortization and accretion		33	33	98	99
General and administrative		0	0	0	0
Transaction and integration costs		0		0	0
Development costs					0
Total operating costs and expenses					167
Gain on sale of business					0
Operating income (loss)		45	50	121	146
Equity in earnings of unconsolidated affiliates		0	1	2	3
Other income, net		1	1	3	1
Loss on debt extinguishment					0
Interest expense		(8)	(11)	(27)	(29)
Net Income (Loss)		38	41	99	121
Total assets		2,114		2,114
Operating Segments \| Renewables
Segment Reporting
Operating revenues		239	238	723	532
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below		80	79	238	220
Depreciation, amortization and accretion		100	96	291	280
General and administrative		0	0	0	0
Transaction and integration costs		0		0	0
Development costs					0
Total operating costs and expenses					500
Gain on sale of business					0
Operating income (loss)		59	63	194	32
Equity in earnings of unconsolidated affiliates		11	13	9	25
Other income, net		8	0	12	4
Loss on debt extinguishment					(2)
Interest expense		(16)	(14)	(103)	(33)
Net Income (Loss)		62	62	112	26
Total assets		10,797		10,797
Operating Segments \| Thermal
Segment Reporting
Operating revenues					77
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below					50
Depreciation, amortization and accretion					0
General and administrative					2
Transaction and integration costs					0
Development costs					2
Total operating costs and expenses					54
Gain on sale of business					0
Operating income (loss)					23
Equity in earnings of unconsolidated affiliates					0
Other income, net					0
Loss on debt extinguishment					0
Interest expense					(6)
Net Income (Loss)					17
Corporate
Segment Reporting
Operating revenues		0	0	0	0
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below		0	0	(1)	0
Depreciation, amortization and accretion		0	0	0	0
General and administrative		8	8	27	27
Transaction and integration costs		1		3	5
Development costs					0
Total operating costs and expenses					32
Gain on sale of business					1,291
Operating income (loss)		(9)	(8)	(29)	1,259
Equity in earnings of unconsolidated affiliates		0	0	0	0
Other income, net		6	4	17	5
Loss on debt extinguishment					0
Interest expense		(24)	(24)	(72)	(75)
Net Income (Loss)		(27)	$ (28)	(84)	$ 1,189
Total assets		$ 459		$ 459

Summary of Significant Accounting Policies - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total accounts receivable, net	$ 196	$ 153
Accounts receivable, net - Contracts with customers
Disaggregation of Revenue [Line Items]
Total accounts receivable, net	67	37
Accounts receivable, net - Leases
Disaggregation of Revenue [Line Items]
Total accounts receivable, net	$ 129	$ 116

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Related Party Transactions (Details) $ in Millions	3 Months Ended		9 Months Ended
Related Party Transactions (Details) $ in Millions	Sep. 30, 2023 USD ($) subsidiary	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) subsidiary	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Related Party Transaction
Expenses from transactions with related party				$ 753
General and administrative	$ 8	$ 8	$ 27	29
Related Party \| RENOM
Related Party Transaction
Expenses from transactions with related party	18	19	54	49
Due to related party	10		10		$ 14
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	$ 3	15	$ 11
Due to related party	$ 2		$ 2		$ 3
Number of wholly owned subsidiaries \| subsidiary	2		2

Fair Value of Financial Instruments - Narrative (Details) $ in Millions	Sep. 30, 2023 USD ($)
Fair Value Disclosures [Abstract]
Percent of derivative assets using level 3 fair value inputs	2.00%
Percent of derivative liabilities using level 3 fair value inputs	100.00%
Fair value assets, measured on recurring basis, valuation techniques, impact of credit reserve to fair value	$ 6

Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Estimated Carrying Values and Fair Values

The carrying amounts and estimated fair values of the Company’s recorded financial instruments not carried at fair market value or that do not approximate fair value are as follows:


	As of September 30, 2023				As of December 31, 2022
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In millions)



Long-term debt, including current portion — affiliate	$	2	$	2	$	2	$	2
Long-term debt, including current portion — external (a)	7,581		6,527		6,874		6,288

(a) Excludes net debt issuance costs, which are recorded as a reduction to long-term debt on the Company’s consolidated balance sheets.

Scchedule of Fair Value Option, Disclosures

The following table presents the level within the fair value hierarchy for long-term debt, including current portion:


	As of September 30, 2023				As of December 31, 2022
	Level 2		Level 3		Level 2		Level 3
	(In millions)
Long-term debt, including current portion	$	1,762	$	4,767	$	1,836	$	4,454

Schedule of Fair Value, Assets and Liabilities

The following table presents assets and liabilities measured and recorded at fair value on the Company’s consolidated balance sheets on a recurring basis and their level within the fair value hierarchy:


	As of September 30, 2023				As of December 31, 2022
	Fair Value (a)				Fair Value (a)
(In millions)	Level 2		Level 3			Level 2		Level 3
Derivative assets:
Commodity contracts (b)	$	—	$	3		$	—	$	—
Interest rate contracts	180		—			89		—
Other financial instruments (c)	—		13			—		17
Total assets	$	180	$	16		$	89	$	17
Derivative liabilities:
Commodity contracts	$	—	$	325		$	—	$	353

Total liabilities	$	—	$	325		$	—	$	353

(a) There were no derivative assets classified as Level 1 or Level 3 and no liabilities classified as Level 1 as of September 30, 2023 and December 31, 2022.

(b) Represents heat rate call options entered into by Marsh Landing and Walnut Creek during the three months ended September 30, 2023.

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,
	2023		2022		2023		2022
(In millions)	Fair Value Measurement Using Significant Unobservable Inputs (Level 3)				Fair Value Measurement Using Significant Unobservable Inputs (Level 3)
Beginning balance	$	(291)	$	(332)	$	(336)	$	(154)
Settlements	21		14		30		42

Additions due to loss of NPNS exception	—		—		—		(22)
Total losses for the period included in earnings	(39)		(31)		(3)		(215)
Ending balance	$	(309)	$	(349)	$	(309)	$	(349)
Change in unrealized losses included in earnings for derivatives and other financial instruments held as of September 30, 2023	$	(39)			$	(3)

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, 2023
	Fair Value						Input/Range
	Assets		Liabilities		Valuation Technique	Significant Unobservable Input	Low		High		Weighted Average
	(In millions)
Energy-Related Commodity Contracts	$	—	$	(325)	Discounted Cash Flow	Forward Market Price (per MWh)	$	21.75	$	72.15	$	38.96
Heat Rate Call Option Commodity Contracts	3		—		Option Model	Forward Market Price (per MWh)	$	6.24	$	179.30	$	67.93
					Option Model	Forward Market Price (per MMBtu)	$	2.79	$	15.42	$	6.30
Other Financial Instruments	13		—		Discounted Cash Flow	Forecast annual generation levels of certain DG solar facilities	60,801 MWh		121,602 MWh		115,622 MWh

The following table provides the impact on the fair value measurements to increases/(decreases) in significant unobservable inputs as of September 30, 2023:

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)

Other Financial Instruments

Forecast Generation Levels

Sell

Increase/(Decrease)

Higher/(Lower)

Heat Rate Call Option Commodity Contracts

Forward Market Power Price

Sell

Increase/(Decrease)

Lower/(Higher)

Heat Rate Call Option Commodity Contracts

Forward Market Gas Price

Sell

Increase/(Decrease)

Higher/(Lower)

Derivative Instruments and Hedging Activities - Volumetric Underlying Derivative Transactions (Details) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($) MWh	Dec. 31, 2022 USD ($) MWh
Power \| Short \| Energy-Related Commodity Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, nonmonetary notional amount	(16)	(18)
Power \| Short \| Heat Rate Call Option Commodity Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, nonmonetary notional amount	(1)	0
Interest \| Long
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount \| $	$ 1,752	$ 1,084

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 566	$ 657
Restricted cash	590	339
Inventory	55	47
Derivative instruments	51	26
Prepayments and other current assets	61	54
Total current assets	1,734	1,276
Property, plant and equipment, net	8,025	7,421
Other Assets
Equity investments in affiliates	373	364
Intangible assets for power purchase agreements, net	2,352	2,488
Other intangible assets, net	72	77
Derivative instruments	132	63
Right-of-use assets, net	569	527
Other non-current assets	113	96
Total other assets	3,611	3,615
Total Assets	13,370	12,312
Current Liabilities
Accounts payable — trade	73	55
Derivative instruments	54	50
Accrued interest expense	41	54
Accrued expenses and other current liabilities	75	95
Total current liabilities	841	602
Other Liabilities
Long-term debt — external	6,995	6,491
Deferred income taxes	4	4
Derivative instruments	271	303
Long-term lease liabilities	601	548
Other non-current liabilities	234	197
Total other liabilities	8,105	7,543
Total Liabilities	8,946	8,145
Redeemable noncontrolling interest in subsidiaries	18	7
Commitments and Contingencies
Members’ Equity
Contributed capital	1,233	1,308
Retained earnings	1,147	1,240
Accumulated other comprehensive income	26	21
Noncontrolling interest	2,000	1,591
Total Members’ Equity	4,406	4,160
Total Liabilities and Members’ Equity	13,370	12,312
Nonrelated Party
Current Assets
Accounts receivable — trade	196	153
Current Liabilities
Current portion of long-term debt	522	322
Affiliated Entity
Current Assets
Note receivable — affiliate	215	0
Current Liabilities
Current portion of long-term debt	2	2
Accounts payable — affiliates	$ 74	$ 24

Investments Accounted for by the Equity Method and Variable Interest Entities - Consolidated Entities (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	$ 3,611	$ 3,615
Property, plant and equipment, net	8,025	7,421
Total assets	13,370	12,312
Total liabilities	8,946	$ 8,145
Alta TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	55
Property, plant and equipment, net	284
Intangible assets	190
Total assets	529
Total liabilities	38
Noncontrolling interest	39
Net assets less noncontrolling interest	452
Buckthorn Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	6
Property, plant and equipment, net	187
Intangible assets	0
Total assets	193
Total liabilities	11
Noncontrolling interest	19
Net assets less noncontrolling interest	163
DGPV Funds
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	83
Property, plant and equipment, net	503
Intangible assets	13
Total assets	599
Total liabilities	66
Noncontrolling interest	25
Net assets less noncontrolling interest	508
Daggett Renewable Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	150
Property, plant and equipment, net	576
Intangible assets	0
Total assets	726
Total liabilities	491
Noncontrolling interest	212
Net assets less noncontrolling interest	23
Daggett 2 Target Co LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	168
Property, plant and equipment, net	381
Intangible assets	0
Total assets	549
Total liabilities	360
Noncontrolling interest	217
Net assets less noncontrolling interest	(28)
Langford TE Partnership LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	15
Property, plant and equipment, net	117
Intangible assets	2
Total assets	134
Total liabilities	62
Noncontrolling interest	62
Net assets less noncontrolling interest	10
Lighthouse Renewable Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	86
Property, plant and equipment, net	420
Intangible assets	0
Total assets	506
Total liabilities	142
Noncontrolling interest	262
Net assets less noncontrolling interest	102
Lighthouse Renewable Holdco 2 LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	85
Property, plant and equipment, net	735
Intangible assets	0
Total assets	820
Total liabilities	296
Noncontrolling interest	460
Net assets less noncontrolling interest	64
Oahu Solar LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	40
Property, plant and equipment, net	158
Intangible assets	0
Total assets	198
Total liabilities	22
Noncontrolling interest	24
Net assets less noncontrolling interest	152
Pinnacle Repowering TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	6
Property, plant and equipment, net	96
Intangible assets	15
Total assets	117
Total liabilities	4
Noncontrolling interest	41
Net assets less noncontrolling interest	72
Rattlesnake TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	14
Property, plant and equipment, net	178
Intangible assets	0
Total assets	192
Total liabilities	17
Noncontrolling interest	80
Net assets less noncontrolling interest	95
Rosie TargetCo LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	315
Property, plant and equipment, net	234
Intangible assets	0
Total assets	549
Total liabilities	341
Noncontrolling interest	149
Net assets less noncontrolling interest	59
Wildorado TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	24
Property, plant and equipment, net	198
Intangible assets	0
Total assets	222
Total liabilities	21
Noncontrolling interest	102
Net assets less noncontrolling interest	99
Other
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	16
Property, plant and equipment, net	147
Intangible assets	1
Total assets	164
Total liabilities	77
Noncontrolling interest	62
Net assets less noncontrolling interest	$ 25

Segment Reporting

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

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 energy storage. The Corporate segment reflects the Company’s corporate costs and includes eliminating entries. The Company’s chief operating decision maker, its Chief Executive Officer, evaluates the performance of its segments based on operational measures including adjusted earnings before interest, taxes, depreciation and amortization, or Adjusted EBITDA, and CAFD, as well as net income (loss).


	Three months ended 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
Total Assets	$	2,114	$	10,797	$	459	$	13,370

(a) Includes eliminations.


	Three months ended September 30, 2022
(In millions)	Conventional Generation		Renewables		Corporate (a)		Total
Operating revenues	$	102	$	238	$	—	$	340

Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	19		79		—		98
Depreciation, amortization and accretion	33		96		—		129

General and administrative	—		—		8		8





Operating income (loss)	50		63		(8)		105
Equity in earnings of unconsolidated affiliates	1		13		—		14


Other income, net	1		—		4		5
Interest expense	(11)		(14)		(24)		(49)
Net Income (Loss)	$	41	$	62	$	(28)	$	75

(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.


	Nine months ended September 30, 2022
(In millions)	Conventional Generation		Renewables		Thermal		Corporate (a)		Total
Operating revenues	$	313	$	532	$	77	$	—	$	922
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	68		220		50		—		338
Depreciation, amortization and accretion	99		280		—		—		379

General and administrative	—		—		2		27		29
Transaction and integration costs	—		—		—		5		5
Development costs	—		—		2		—		2
Total operating costs and expenses	167		500		54		32		753
Gain on sale of business	—		—		—		1,291		1,291
Operating income	146		32		23		1,259		1,460
Equity in earnings of unconsolidated affiliates	3		25		—		—		28

Other income, net	1		4		—		5		10
Loss on debt extinguishment	—		(2)		—		—		(2)
Interest expense	(29)		(33)		(6)		(75)		(143)
Net Income	$	121	$	26	$	17	$	1,189	$	1,353

(a) Includes eliminations.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Summary of Significant Accounting Policies - Disaggregated Revenues (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
	May 31, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Operating revenues		$ 371	$ 340	$ 1,065	$ 922
Total operating revenues		371	340	1,065	922
Renewal period	5 years
Lease receivable	$ 21
Net investment costs	13
Net Income	$ 8	73	75	127	1,353
Operating Segments
Disaggregation of Revenue [Line Items]
Operating revenues		371	340	1,065	922
Contract amortization		(47)	(42)	(141)	(125)
Mark-to-market for economic hedges		(18)	(17)	27	(195)
Total operating revenues		371	340	1,065	922
Less: Mark-to-market for economic hedges		18	17	(27)	195
Less: Lease revenue		(274)	(334)	(872)	(988)
Less: Contract amortization		47	42	141	125
Total revenue from contracts with customers		162	65	307	254
Total		274	334	872	988
Operating Segments \| Energy Revenue
Disaggregation of Revenue [Line Items]
Operating revenues		337	274	814	826
Total operating revenues		337	274	814	826
Less: Lease revenue		(230)	(228)	(617)	(662)
Total		230	228	617	662
Operating Segments \| Capacity Revenue
Disaggregation of Revenue [Line Items]
Operating revenues		79	107	285	346
Total operating revenues		79	107	285	346
Less: Lease revenue		(44)	(106)	(234)	(326)
Total		44	106	234	326
Operating Segments \| Other revenue
Disaggregation of Revenue [Line Items]
Operating revenues		20	18	80	70
Total operating revenues		20	18	80	70
Less: Lease revenue				(21)
Total				21
Operating Segments \| Conventional Generation
Disaggregation of Revenue [Line Items]
Operating revenues		132	102	342	313
Contract amortization		(5)	(6)	(16)	(18)
Mark-to-market for economic hedges		3	0	3	0
Total operating revenues		132	102	342	313
Less: Mark-to-market for economic hedges		(3)	0	(3)	0
Less: Lease revenue		(41)	(108)	(246)	(331)
Less: Contract amortization		5	6	16	18
Total revenue from contracts with customers		93	0	109	0
Total		41	108	246	331
Net Income		38	41	99	121
Operating Segments \| Conventional Generation \| Energy Revenue
Disaggregation of Revenue [Line Items]
Operating revenues		57	2	61	5
Total operating revenues		57	2	61	5
Less: Lease revenue		(2)	(2)	(4)	(5)
Total		2	2	4	5
Operating Segments \| Conventional Generation \| Capacity Revenue
Disaggregation of Revenue [Line Items]
Operating revenues		74	106	270	326
Total operating revenues		74	106	270	326
Less: Lease revenue		(39)	(106)	(221)	(326)
Total		39	106	221	326
Operating Segments \| Conventional Generation \| Other revenue
Disaggregation of Revenue [Line Items]
Operating revenues		3	0	24	0
Total operating revenues		3	0	24	0
Less: Lease revenue				(21)
Total				21
Operating Segments \| Renewables
Disaggregation of Revenue [Line Items]
Operating revenues		239	238	723	532
Contract amortization		(42)	(36)	(125)	(107)
Mark-to-market for economic hedges		(21)	(17)	24	(195)
Total operating revenues		239	238	723	532
Less: Mark-to-market for economic hedges		21	17	(24)	195
Less: Lease revenue		(233)	(226)	(626)	(656)
Less: Contract amortization		42	36	125	107
Total revenue from contracts with customers		69	65	198	178
Total		233	226	626	656
Net Income		62	62	112	26
Operating Segments \| Renewables \| Energy Revenue
Disaggregation of Revenue [Line Items]
Operating revenues		280	272	753	773
Total operating revenues		280	272	753	773
Less: Lease revenue		(228)	(226)	(613)	(656)
Total		228	226	613	656
Operating Segments \| Renewables \| Capacity Revenue
Disaggregation of Revenue [Line Items]
Operating revenues		5	1	15	2
Total operating revenues		5	1	15	2
Less: Lease revenue		(5)	0	(13)	0
Total		5	0	13	0
Operating Segments \| Renewables \| Other revenue
Disaggregation of Revenue [Line Items]
Operating revenues		17	18	56	59
Total operating revenues		$ 17	$ 18	56	59
Less: Lease revenue				0
Total				$ 0
Operating Segments \| Thermal
Disaggregation of Revenue [Line Items]
Operating revenues					77
Contract amortization					0
Mark-to-market for economic hedges					0
Total operating revenues					77
Less: Mark-to-market for economic hedges					0
Less: Lease revenue					(1)
Less: Contract amortization					0
Total revenue from contracts with customers					76
Total					1
Net Income					17
Operating Segments \| Thermal \| Energy Revenue
Disaggregation of Revenue [Line Items]
Operating revenues					48
Total operating revenues					48
Less: Lease revenue					(1)
Total					1
Operating Segments \| Thermal \| Capacity Revenue
Disaggregation of Revenue [Line Items]
Operating revenues					18
Total operating revenues					18
Less: Lease revenue					0
Total					0
Operating Segments \| Thermal \| Other revenue
Disaggregation of Revenue [Line Items]
Operating revenues					11
Total operating revenues					$ 11

Long-term Debt - Narrative (Details) - USD ($)										7 Months Ended	9 Months Ended
Long-term Debt - Narrative (Details) - USD ($)	Aug. 31, 2023	Aug. 30, 2023	Jul. 03, 2023	Jul. 01, 2023	Jun. 30, 2023	Mar. 30, 2023	Mar. 15, 2023	Feb. 17, 2023	Oct. 03, 2022	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt										$ 7,580,000,000	$ 7,580,000,000	$ 6,872,000,000
Debt issuance costs, net										64,000,000	64,000,000	61,000,000
Equity investments in affiliates										373,000,000	373,000,000	364,000,000
Rosie Central BESS
Debt Instrument [Line Items]
Equity investments in affiliates										28,000,000	28,000,000
Rosie Class B LLC \| Rosie Central BESS
Debt Instrument [Line Items]
Equity investments in affiliates										18,000,000	18,000,000
Daggett 2 Drop Down
Debt Instrument [Line Items]
Long-term debt		$ 308,000,000
Rosamond Central Solar project
Debt Instrument [Line Items]
Long-term debt			$ 235,000,000		$ 77,000,000
Debt issuance costs, net			5,000,000
Waiawa \| Tax Equity Investors
Debt Instrument [Line Items]
Contributions from noncontrolling interests, net of distributions						$ 17,000,000
Waiawa \| CEG
Debt Instrument [Line Items]
Expected contributions upon substantial completion						8,000,000
Payments for associated fees						1,000,000
Daggett 3 Drop Down
Debt Instrument [Line Items]
Long-term debt								$ 480,000,000
Daggett 3 Drop Down \| Tax Equity Investors
Debt Instrument [Line Items]
Contributions from noncontrolling interests, net of distributions								62,000,000
Daggett 3 Drop Down \| CEG
Debt Instrument [Line Items]
Payments for associated fees								53,000,000
Daggett 3 Drop Down \| Sponsor Equity Bridge Loan
Debt Instrument [Line Items]
Payments for associated fees								8,000,000
Construction loans \| Daggett 2 Drop Down
Debt Instrument [Line Items]
Long-term debt		$ 107,000,000
Long-term debt, additions	$ 8,000,000
Long-Term Debt, Term		5 years
Construction loans \| Rosamond Central Solar project
Debt Instrument [Line Items]
Long-term debt			115,000,000		115,000,000
Maturity (in years)				5 years
Construction loans \| Waiawa
Debt Instrument [Line Items]
Long-term debt, additions						47,000,000
Construction loans \| Daggett 3 Drop Down
Debt Instrument [Line Items]
Long-term debt								181,000,000
Long-term debt, additions										36,000,000
Tax Equity Bridge Loan \| Daggett 2 Drop Down
Debt Instrument [Line Items]
Long-term debt		$ 204,000,000
Tax Equity Bridge Loan \| Rosamond Central Solar project
Debt Instrument [Line Items]
Long-term debt			$ 125,000,000		188,000,000
Tax Equity Bridge Loan \| Waiawa
Debt Instrument [Line Items]
Repayments of debt						55,000,000
Tax Equity Bridge Loan \| Daggett 3 Drop Down
Debt Instrument [Line Items]
Long-term debt								229,000,000
Sponsor Equity Bridge Loan \| Daggett 2 Drop Down
Debt Instrument [Line Items]
Long-term debt		$ 204,000,000
Sponsor Equity Bridge Loan \| Daggett 3 Drop Down
Debt Instrument [Line Items]
Long-term debt								$ 75,000,000
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028
Debt Instrument [Line Items]
Long-term debt										0	$ 0	$ 0
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028 \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							0.10%				1.85%
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028 \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 700,000,000
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028 \| Line of Credit \| Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 594,000,000
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, Due 2028 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount										211,000,000	$ 211,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, fair value of amount outstanding										0	0
Rosamond Central Solar project \| Line of Credit \| Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 41,000,000
Waiawa \| Waiawa \| Tax Equity Investors
Debt Instrument [Line Items]
Expected contributions upon substantial completion						41,000,000
Waiawa \| Construction loans \| Waiawa
Debt Instrument [Line Items]
Long-term debt, additions									$ 25,000,000
Repayments of debt						$ 10,000,000
Clearway Renew LLC
Debt Instrument [Line Items]
Maximum borrowing capacity										$ 215,000,000	$ 215,000,000
Interest rate, percentage			9.00%