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v3.20.2

Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2020
Accounting Policies [Abstract] |
Schedule of Cash and Cash Equivalents | 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 statements of cash flows:
| September 30, 2020 |  | December 31, 2019
| (In millions)
Cash and cash equivalents | $ | 359 |  |  | $ | 155 |
Restricted cash | 178 |  |  | 262 |
Cash, cash equivalents and restricted cash shown in the statement of cash flows | $ | 537 |  |  | $ | 417 |
Schedule of Accumulated Amortization and Depreciation | The following table presents the accumulated depreciation included in the property, plant and equipment, net, and accumulated amortization included in intangible assets, net, respectively, as of September 30, 2020 and December 31, 2019:
| September 30, 2020 |  | December 31, 2019
| (In millions)
Property, Plant and Equipment Accumulated Depreciation | $ | 2,135 |  |  | $ | 1,880 |
Intangible Assets Accumulated Amortization | 461 |  |  | 394 |
Dividends Declared | The following table lists the dividends paid on the Company's Class A common stock and Class C common stock during the nine months ended September 30, 2020:
|  |  | Third Quarter 2020 |  | Second Quarter 2020 |  | First Quarter 2020
Dividends per Class A share |  |  | $ | 0.3125 |  |  | $ | 0.2100 |  |  | $ | 0.2100 |
Dividends per Class C share |  |  | $ | 0.3125 |  |  | $ | 0.2100 |  |  | $ | 0.2100 |
The following table lists the dividends paid on the Company's Class A common stock and Class C common stock during the nine months ended September 30, 2020:
|  |  | Third Quarter 2020 |  | Second Quarter 2020 |  | First Quarter 2020
Dividends per Class A share |  |  | $ | 0.3125 |  |  | $ | 0.2100 |  |  | $ | 0.2100 |
Dividends per Class C share |  |  | $ | 0.3125 |  |  | $ | 0.2100 |  |  | $ | 0.2100 |
Distributions Made to Limited Liability Company (LLC) Member, by Distribution | The following table lists distributions paid to CEG during the period ended September 30, 2020 on Clearway Energy LLC's Class B and D units:
|  |  | Third Quarter 2020 |  | Second Quarter 2020 |  | First Quarter 2020
Distributions per Class B Unit |  |  | $ | 0.3125 |  |  | $ | 0.2100 |  |  | $ | 0.2100 |
Distributions per Class D Unit |  |  | $ | 0.3125 |  |  | $ | 0.2100 |  |  | $ | 0.2100 |
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 for the three and nine months ended September 30, 2020 and 2019 respectively:
| Three months ended September 30, 2020
(In millions) | Conventional Generation |  | Renewables |  | Thermal |  |  |  |  |  | Total
Energy revenue(a) | $ | 3 |  |  | $ | 166 |  |  | $ | 27 |  |  |  |  |  |  | $ | 196 |
Capacity revenue(a) | 119 |  |  | — |  |  | 24 |  |  |  |  |  |  | 143 |
Contract amortization | (6) |  |  | (15) |  |  | (1) |  |  |  |  |  |  | (22) |
Other revenue | — |  |  | 6 |  |  | 9 |  |  |  |  |  |  | 15 |
Total operating revenue | 116 |  |  | 157 |  |  | 59 |  |  |  |  |  |  | 332 |
Less: Lease revenue | (122) |  |  | (153) |  |  | — |  |  |  |  |  |  | (275) |
Less: Contract amortization | 6 |  |  | 15 |  |  | 1 |  |  |  |  |  |  | 22 |
Total revenue from contracts with customers | $ | — |  |  | $ | 19 |  |  | $ | 60 |  |  |  |  |  |  | $ | 79 |
(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 |  | $ | 3 |  |  | $ | 153 |  |  | $ | — |  |  | $ | 156 |
Capacity revenue |  | 119 |  |  | — |  |  | — |  |  | 119 |
Total |  | $ | 122 |  |  | $ | 153 |  |  | $ | — |  |  | $ | 275 |
| Nine months ended September 30, 2020
(In millions) | Conventional Generation |  | Renewables |  | Thermal |  |  |  |  |  | Total
Energy revenue(a) | $ | 6 |  |  | $ | 486 |  |  | $ | 77 |  |  |  |  |  |  | $ | 569 |
Capacity revenue(a) | 338 |  |  | — |  |  | 50 |  |  |  |  |  |  | 388 |
Contract amortization | (18) |  |  | (46) |  |  | (2) |  |  |  |  |  |  | (66) |
Other revenue | — |  |  | 12 |  |  | 24 |  |  |  |  |  |  | 36 |
Mark-to-market for economic hedges | — |  |  | (8) |  |  | — |  |  |  |  |  |  | (8) |
Total operating revenue | 326 |  |  | 444 |  |  | 149 |  |  |  |  |  |  | 919 |
Less: Mark-to-market for economic hedges | — |  |  | 8 |  |  | — |  |  |  |  |  |  | 8 |
Less: Lease revenue | (344) |  |  | (449) |  |  | (1) |  |  |  |  |  |  | (794) |
Less: Contract amortization | 18 |  |  | 46 |  |  | 2 |  |  |  |  |  |  | 66 |
Total revenue from contracts with customers | $ | — |  |  | $ | 49 |  |  | $ | 150 |  |  |  |  |  |  | $ | 199 |
(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 |  | $ | 6 |  |  | $ | 449 |  |  | $ | 1 |  |  | $ | 456 |
Capacity revenue |  | 338 |  |  | — |  |  | — |  |  | 338 |
Total |  | $ | 344 |  |  | $ | 449 |  |  | $ | 1 |  |  | $ | 794 |
| Three months ended September 30, 2019
(In millions) | Conventional Generation |  | Renewables |  | Thermal |  |  |  | Total
Energy revenue(a) | $ | 2 |  |  | $ | 167 |  |  | $ | 33 |  |  |  |  | $ | 202 |
Capacity revenue(a) | 89 |  |  | — |  |  | 14 |  |  |  |  | 103 |
Contract amortization | (1) |  |  | (16) |  |  | (1) |  |  |  |  | (18) |
Mark-to-market for economic hedges | — |  |  | (2) |  |  | — |  |  |  |  | (2) |
Other revenue | — |  |  | 2 |  |  | 9 |  |  |  |  | 11 |
Total operating revenue | 90 |  |  | 151 |  |  | 55 |  |  |  |  | 296 |
Less: Mark-to-market for economic hedges | — |  |  | 2 |  |  | — |  |  |  |  | 2 |
Less: Lease revenue | (91) |  |  | (160) |  |  | (1) |  |  |  |  | (252) |
Less: Contract amortization | 1 |  |  | 16 |  |  | 1 |  |  |  |  | 18 |
Total revenue from contracts with customers | $ | — |  |  | $ | 9 |  |  | $ | 55 |  |  |  |  | $ | 64 |
(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 |  | $ | 2 |  |  | $ | 160 |  |  | $ | 1 |  |  | $ | 163 |
Capacity revenue |  | 89 |  |  | — |  |  | — |  |  | 89 |
Total |  | $ | 91 |  |  | $ | 160 |  |  | $ | 1 |  |  | $ | 252 |
| Nine months ended September 30, 2019
(In millions) | Conventional Generation |  | Renewables |  | Thermal |  |  |  | Total
Energy revenue(a) | $ | 4 |  |  | $ | 441 |  |  | $ | 91 |  |  |  |  | $ | 536 |
Capacity revenue(a) | 253 |  |  | — |  |  | 41 |  |  |  |  | 294 |
Contract amortization | (4) |  |  | (46) |  |  | (2) |  |  |  |  | (52) |
Mark-to-market for economic hedges | — |  |  | (9) |  |  | — |  |  |  |  | (9) |
Other revenue | — |  |  | 6 |  |  | 22 |  |  |  |  | 28 |
Total operating revenue | 253 |  |  | 392 |  |  | 152 |  |  |  |  | 797 |
Less: Mark-to-market for economic hedges | — |  |  | 9 |  |  | — |  |  |  |  | 9 |
Less: Lease revenue | (257) |  |  | (416) |  |  | (2) |  |  |  |  | (675) |
Less: Contract amortization | 4 |  |  | 46 |  |  | 2 |  |  |  |  | 52 |
Total revenue from contracts with customers | $ | — |  |  | $ | 31 |  |  | $ | 152 |  |  |  |  | $ | 183 |
(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 |  | $ | 4 |  |  | $ | 416 |  |  | $ | 2 |  |  | $ | 422 |
Capacity revenue |  | 253 |  |  | — |  |  | — |  |  | 253 |
Total |  | $ | 257 |  |  | $ | 416 |  |  | $ | 2 |  |  | $ | 675 |
Contract with Customer, Asset and Liability | The following table reflects the contract assets and liabilities included on the Company’s balance sheet as of September 30, 2020:
(In millions) |  |
Accounts receivable, net - Contracts with customers |  | $ | 37 |
Accounts receivable, net - Leases |  | 119 |
Total accounts receivable, net |  | $ | 156 |

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