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Revenue Recognition
 6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Performance Obligations
As of June 30, 2020, estimated future fixed fee performance obligations are $314 million for the remaining six months of fiscal year 2020, and $620 million, $307 million, $42 million and $8 million for the fiscal years 2021, 2022, 2023 and 2024, respectively. These performance obligations are for cleared auction MWs in the PJM, ISO-NE, NYISO and MISO capacity auctions and are subject to penalties for non performance.
Disaggregated Revenues
The following tables represent the Company’s disaggregation of revenue from contracts with customers for the three and six months ended June 30, 2020 and 2019:
Three months ended June 30, 2020
(In millions)
TexasEastWest/OtherCorporate/EliminationsTotal
Retail revenue:
Mass Market$1,273  $291  $—  $—  $1,564  
Business Solutions248  20  —  —  268  
Total retail revenue1,521  311  —  —  1,832  
Energy revenue(a)
5  19  60  (1) 83  
Capacity revenue(a)
—  179  16  —  195  
Mark-to-market for economic hedging activities(b)
—  40  1  2  43  
Other revenue(a)
52  17  17  (1) 85  
Total operating revenue1,578  566  94  —  2,238  
Less: Lease revenue—  1  4  —  5  
Less: Realized and unrealized ASC 815 revenue
7  85  16  1  109  
Total revenue from contracts with customers$1,571  $480  $74  $(1) $2,124  
(a) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)
TexasEastWest/OtherCorporate/EliminationsTotal
Energy revenue$—  $2  $10  $(1) $11  
Capacity revenue—  41  —  —  41  
Other revenue7  2  5  —  14  
(b) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
Three months ended June 30, 2019
(In millions)
TexasEastWest/OtherCorporate/EliminationsTotal
Retail revenue:
Mass Market$1,161  $235  $—  $(1) $1,395  
Business Solutions 272  18  —  —  290  
Total retail revenue1,433  253  —  (1) 1,685  
Energy revenue(a)
136  48  52  —  236  
Capacity revenue(a)
—  195  6  —  201  
Mark-to-market for economic hedging activities(b)
210  16  16  (1) 241  
Other revenue(a)
58  12  32  —  102  
Total operating revenue1,837  524  106  (2) 2,465  
Less: Lease revenue—  1  4  —  5  
Less: Realized and unrealized ASC 815 revenue
579  64  34  —  677  
Total revenue from contracts with customers$1,258  $459  $68  $(2) $1,783  
(a) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)
TexasEastWest/OtherCorporate/EliminationsTotal
Energy revenue$355  $20  $5  $—  $380  
Capacity revenue—  29  —  1  30  
Other revenue14  (1) 13  —  26  
(b) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

Six months ended June 30, 2020
(In millions)TexasEastWest/OtherCorporate/EliminationsTotal
Retail revenue:
Mass Market$2,305  $638  $—  $(1) $2,942  
Business Solutions508  43  —  —  551  
Total retail revenue2,813  681  —  (1) 3,493  
Energy revenue(a)
10  64  135  (2) 207  
Capacity revenue(a)
—  313  31  —  344  
Mark-to-market for economic hedging activities(b)
—  20  16  3  39  
Other revenue(a)
113  27  37  (3) 174  
Total operating revenue2,936  1,105  219  (3) 4,257  
Less: Lease revenue—  1  9  —  10  
Less: Realized and unrealized ASC 815 revenue14  124  60  —  198  
Total revenue from contracts with customers$2,922  $980  $150  $(3) $4,049  
(a) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)TexasEastWest/OtherCorporate/EliminationsTotal
Energy revenue$—  $37  $29  $(2) $64  
Capacity revenue—  65  —  —  65  
Other revenue14  2  15  (1) 30  
(b) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
Six months ended June 30, 2019
(In millions)TexasEastWest/OtherCorporate/EliminationsTotal
Retail revenue:
Mass Market$2,156  $555  $—  $(3) $2,708  
Business Solutions530  36  —  —  566  
Total retail revenue2,686  591  —  (3) 3,274  
Energy revenue(a)
241  174  110  1  526  
Capacity revenue(a)
—  339  18  —  357  
Mark-to-market for economic hedging activities(b)
241  1  20  (1) 261  
Other revenue(a)
135  28  51  (2) 212  
Total operating revenue3,303  1,133  199  (5) 4,630  
Less: Lease revenue—  1  9  —  10  
Less: Realized and unrealized ASC 815 revenue894  118  46  —  1,058  
Total revenue from contracts with customers$2,409  $1,014  $144  $(5) $3,562  
(a) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)TexasEastWest/OtherCorporate/EliminationsTotal
Energy revenue$626  $67  $7  $—  $700  
Capacity revenue—  47  —  1  48  
Other revenue27  3  19  —  49  
(b) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

Contract Balances
The following table reflects the contract assets and liabilities included in the Company’s balance sheet as of June 30, 2020 and December 31, 2019:
(In millions)
June 30, 2020December 31, 2019
Deferred customer acquisition costs$133  $133  
Accounts receivable, net - Contracts with customers981  1,002  
Accounts receivable, net - Derivative instruments30  18  
Accounts receivable, net - Affiliate4  5  
Total accounts receivable, net $1,015  $1,025  
Unbilled revenues (included within Accounts receivable, net - Contracts with customers)$328  $402  
Deferred revenues(a)
84  82  
(a) Deferred revenues from contracts with customers for the three months ended June 30, 2020 and the year ended December 31, 2019 were approximately $33 million and $24 million, respectively
The revenue recognized from contracts with customers during both the six months ended June 30, 2020 and 2019 relating to the deferred revenue balance at the beginning of each period was $13 million. The revenue recognized during the three months ended June 30, 2020 and 2019 relating to the deferred revenue balance at the beginning of each period was $25 million and $19 million, respectively. The change in deferred revenue balances during the three and six months ended June 30, 2020 and 2019 was primarily due to the timing difference of when consideration was received and when the performance obligation was transferred.