Related Party Transactions

12 Months Ended

Dec. 31, 2021

Certain of our businesses in Panama and the Dominican Republic are partially owned by governments either directly or through state-owned institutions. In the ordinary course of business, these businesses enter into energy purchase and sale transactions, and transmission agreements with other state-owned institutions which are controlled by such governments. At two of our generation businesses in Mexico, the offtakers exercise significant influence, but not control, through representation on these businesses' Boards of Directors. These offtakers are also required to hold a nominal ownership interest in such businesses. Additionally, the Company provides certain support and management services to several of its affiliates under various agreements.

The Company's Consolidated Statements of Operations included the following transactions with related parties for the periods indicated (in millions):


Years Ended December 31,	2021		2020		2019
Revenue—Non-Regulated	$	1,159	$	1,506	$	1,544
Cost of Sales—Non-Regulated	324		504		531
Interest income	12		20		21
Interest expense	88		131		74

The following table summarizes the balances receivable from and payable to related parties included in the Company's Consolidated Balance Sheets as of the periods indicated (in millions):


December 31,	2021		2020
Receivables from related parties	$	131	$	252
Accounts and notes payable to related parties (1)	1,421		1,765

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(1)Includes $1 billion of debt to Mong Duong Finance Holdings B.V., an SPV accounted for as an equity affiliate as of December 31, 2021 and 2020 (see Note 11—Debt). As of December 31, 2021, the debt balance at the SPV was reclassified to held-for-sale liabilities on the Consolidated Balance Sheet. Also includes $181 million of debt to Banco General S.A., a bank in Panama where our former minority partner in Colon is part of its board of directors as of December 31, 2020; and $379 million of debt to Strabag, our EPC contractor and minority partner in Alto Maipo as of December 31, 2020.