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Leases (Notes) | 9 Months Ended
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Sep. 30, 2020
Lessor, Lease, Description [Line Items] |
Leases of Lessor Disclosure [Text Block] | LESSOR — The Company has operating leases for certain generation contracts that contain provisions to provide capacity to a customer, which is a stand-ready obligation to deliver energy when required by the customer. Capacity payments are generally considered lease elements as they cover the majority of available output from a facility. The allocation of contract payments between the lease and non-lease elements is made at the inception of the lease. Lease payments from such contracts are recognized as lease revenue on a straight-line basis over the lease term, whereas variable lease payments are recognized when earned. The following table presents lease revenue from operating leases in which the Company is the lessor for the periods indicated (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
Lease Income | 2020 |  | 2019 |  | 2020 |  | 2019
Total Lease Revenue | $ | 154 |  |  | $ | 152 |  |  | $ | 442 |  |  | $ | 460 |
Less: Variable Lease Payments | 24 |  |  | 23 |  |  | 58 |  |  | 59 |
Total Non-Variable Lease Revenue | $ | 130 |  |  | $ | 129 |  |  | $ | 384 |  |  | $ | 401 |
The option to extend or terminate a lease is based on customary early termination provisions in the contract, such as payment defaults, bankruptcy, and lack of performance on energy delivery. The Company has not recognized any early terminations as of September 30, 2020. Certain leases may provide for variable lease payments based on usage or index-based (e.g., the U.S. Consumer Price Index) adjustments to lease payments. The following table shows the future lease receipts as of September 30, 2020 for the remainder of 2020 through 2024 and thereafter (in millions):
| Future Cash Receipts for
| Sales-Type Leases |  | Operating Leases
2020 | $ | 1 |  |  | $ | 126 |
2021 | 2 |  |  | 483 |
2022 | 2 |  |  | 467 |
2023 | 2 |  |  | 403 |
2024 | 2 |  |  | 404 |
Thereafter | 38 |  |  | 1,436 |
Total | $ | 47 |  |  | $ | 3,319 |
Less: Imputed interest | (25) |  |  |
Present value of total lease receipts | $ | 22 |  |  |

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- Definition The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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- 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 No definition available. + Details
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