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Revenue (Notes) | 3 Months Ended
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Sep. 30, 2024
Revenue from Contracts with Customers [Abstract] |
Revenue from Contract with Customer [Text Block] | REVENUE The following table presents our revenue from contracts with customers and other revenue for the periods indicated (in millions):
| Three Months Ended September 30, 2024
| Renewables SBU |  | Utilities SBU |  | Energy Infrastructure SBU |  | New Energy Technologies SBU |  | Corporate, Other and Eliminations |  | Total
Non-Regulated Revenue |  |  |  |  |  |  |  |  |  |  |
Revenue from contracts with customers | $ | 648 |  |  | $ | 23 |  |  | $ | 1,431 |  |  | $ | 1 |  |  | $ | (22) |  |  | $ | 2,081 |
Other non-regulated revenue (1) | 78 |  |  | 1 |  |  | 192 |  |  | — |  |  | — |  |  | 271 |
Total non-regulated revenue | 726 |  |  | 24 |  |  | 1,623 |  |  | 1 |  |  | (22) |  |  | 2,352 |
Regulated Revenue |  |  |  |  |  |  |  |  |  |  |
Revenue from contracts with customers | — |  |  | 929 |  |  | — |  |  | — |  |  | — |  |  | 929 |
Other regulated revenue | — |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  | 8 |
Total regulated revenue | — |  |  | 937 |  |  | — |  |  | — |  |  | — |  |  | 937 |
Total revenue | $ | 726 |  |  | $ | 961 |  |  | $ | 1,623 |  |  | $ | 1 |  |  | $ | (22) |  |  | $ | 3,289 |
| Three Months Ended September 30, 2023
| Renewables SBU |  | Utilities SBU |  | Energy Infrastructure SBU |  | New Energy Technologies SBU |  | Corporate, Other and Eliminations |  | Total
Non-Regulated Revenue |  |  |  |  |  |  |  |  |  |  |
Revenue from contracts with customers | $ | 672 |  |  | $ | 16 |  |  | $ | 1,655 |  |  | $ | — |  |  | $ | (14) |  |  | $ | 2,329 |
Other non-regulated revenue (1) | 36 |  |  | 1 |  |  | 206 |  |  | — |  |  | (1) |  |  | 242 |
Total non-regulated revenue | 708 |  |  | 17 |  |  | 1,861 |  |  | — |  |  | (15) |  |  | 2,571 |
Regulated Revenue |  |  |  |  |  |  |  |  |  |  |
Revenue from contracts with customers | — |  |  | 855 |  |  | — |  |  | — |  |  | — |  |  | 855 |
Other regulated revenue | — |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  | 8 |
Total regulated revenue | — |  |  | 863 |  |  | — |  |  | — |  |  | — |  |  | 863 |
Total revenue | $ | 708 |  |  | $ | 880 |  |  | $ | 1,861 |  |  | $ | — |  |  | $ | (15) |  |  | $ | 3,434 |
| Nine Months Ended September 30, 2024
| Renewables SBU |  | Utilities SBU |  | Energy Infrastructure SBU |  | New Energy Technologies SBU |  | Corporate, Other and Eliminations |  | Total
Non-Regulated Revenue |  |  |  |  |  |  |  |  |  |  |
Revenue from contracts with customers | $ | 1,764 |  |  | $ | 65 |  |  | $ | 4,149 |  |  | $ | 1 |  |  | $ | (62) |  |  | $ | 5,917 |
Other non-regulated revenue (1) | 177 |  |  | 3 |  |  | 557 |  |  | — |  |  | — |  |  | 737 |
Total non-regulated revenue | 1,941 |  |  | 68 |  |  | 4,706 |  |  | 1 |  |  | (62) |  |  | 6,654 |
Regulated Revenue |  |  |  |  |  |  |  |  |  |  |
Revenue from contracts with customers | — |  |  | 2,641 |  |  | — |  |  | — |  |  | — |  |  | 2,641 |
Other regulated revenue | — |  |  | 21 |  |  | — |  |  | — |  |  | — |  |  | 21 |
Total regulated revenue | — |  |  | 2,662 |  |  | — |  |  | — |  |  | — |  |  | 2,662 |
Total revenue | $ | 1,941 |  |  | $ | 2,730 |  |  | $ | 4,706 |  |  | $ | 1 |  |  | $ | (62) |  |  | $ | 9,316 |
| Nine Months Ended September 30, 2023
| Renewables SBU |  | Utilities SBU |  | Energy Infrastructure SBU |  | New Energy Technologies SBU |  | Corporate, Other and Eliminations |  | Total
Non-Regulated Revenue |  |  |  |  |  |  |  |  |  |  |
Revenue from contracts with customers | $ | 1,654 |  |  | $ | 51 |  |  | $ | 4,717 |  |  | $ | 74 |  |  | $ | (60) |  |  | $ | 6,436 |
Other non-regulated revenue (1) | 90 |  |  | 3 |  |  | 522 |  |  | 1 |  |  | (1) |  |  | 615 |
Total non-regulated revenue | 1,744 |  |  | 54 |  |  | 5,239 |  |  | 75 |  |  | (61) |  |  | 7,051 |
Regulated Revenue |  |  |  |  |  |  |  |  |  |  |
Revenue from contracts with customers | — |  |  | 2,624 |  |  | — |  |  | — |  |  | — |  |  | 2,624 |
Other regulated revenue | — |  |  | 25 |  |  | — |  |  | — |  |  | — |  |  | 25 |
Total regulated revenue | — |  |  | 2,649 |  |  | — |  |  | — |  |  | — |  |  | 2,649 |
Total revenue | $ | 1,744 |  |  | $ | 2,703 |  |  | $ | 5,239 |  |  | $ | 75 |  |  | $ | (61) |  |  | $ | 9,700 |
_______________________________ (1) Other non-regulated revenue primarily includes lease and derivative revenue not accounted for under ASC 606. Contract Balances — The timing of revenue recognition, billings, and cash collections results in accounts receivable and contract liabilities. The contract liabilities from contracts with customers were $220 million and $328 million as of September 30, 2024 and December 31, 2023, respectively. During the nine months ended September 30, 2024 and 2023, we recognized revenue of $77 million and $30 million, respectively, that was included in the corresponding contract liability balance at the beginning of the periods. In June 2023, the Company closed on an agreement to terminate the PPA for the Warrior Run coal-fired power plant for total consideration of $357 million, to be paid by the offtaker through the end of the previous contract term in January 2030. Under the termination agreement, the plant continued providing capacity through May 2024. The termination represented a contract modification under which the discounted termination payments, as well as a pre-existing contract liability, were recognized as revenue on a straight-line basis over the remaining performance obligation period for approximately $32 million per month. On February 1, 2024, the Company executed a receivable sale agreement to transfer all of its rights, title, and interest in the remaining future cash flows under this agreement. At the time of execution, the transaction was considered a sale of future revenue under U.S. GAAP, and as such, the net proceeds of $273 million were recorded as debt. Upon completion of the remaining performance obligation in May 2024, the corresponding receivable balance of $267 million, net of valuation allowance of $7 million, and the remaining debt balance of $260 million were derecognized. A significant financing arrangement exists for our Mong Duong plant in Vietnam. The plant was constructed under a build, operate, and transfer contract and will be transferred to the Vietnamese government after the completion of a 25-year PPA. The performance obligation to construct the facility was substantially completed in 2015. Contract consideration related to the construction, but not yet collected through the 25-year PPA, was reflected on the Condensed Consolidated Balance Sheet. As of September 30, 2024 and December 31, 2023, Mong Duong met the held-for-sale criteria and the loan receivable balance of $1 billion and $1.1 billion, net of CECL reserves of $24 million and $26 million, respectively, was classified in held-for-sale assets. Of the loan receivable balance, $118 million and $108 million, respectively, was classified in Current held-for-sale assets, and $873 million and $962 million, respectively, was classified in Noncurrent held-for-sale assets on the Condensed Consolidated Balance Sheets. Remaining Performance Obligations — The transaction price allocated to remaining performance obligations represents future consideration for unsatisfied (or partially unsatisfied) performance obligations at the end of the reporting period. As of September 30, 2024, the aggregate amount of transaction price allocated to remaining performance obligations was $7 million, primarily consisting of fixed consideration for the sale of renewable energy credits in long-term contracts in the U.S. We expect to recognize revenue of approximately $1 million per year between 2024 and 2028 and the remainder thereafter

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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