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Long-term Debt (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of long-term debt | The Company’s borrowings, including short-term and long-term portions consisted of the following:
(In millions, except rates) | June 30, 2022 |  | December 31, 2021 |  | June 30, 2022 interest rate % (a) |  | Letters of Credit Outstanding at June 30, 2022
2028 Senior Notes | $ | 850 |  |  | $ | 850 |  |  | 4.750 |  |  |
2031 Senior Notes | 925 |  |  | 925 |  |  | 3.750 |  |  |
2032 Senior Notes | 350 |  |  | 350 |  |  | 3.750 |  |  |
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2023 (b) | — |  |  | 245 |  |  | L+1.750 |  | $ | 87 |
Bridge Loan, due 2022 (c) | — |  |  | 335 |  | S+1.250 |  |
Project-level debt: |  |  |  |  |  |  |
Agua Caliente Solar LLC, due 2037 | 677 |  |  | 684 |  |  | 2.395 - 3.633 |  | 45 |
Alta Wind Asset Management LLC, due 2031 | 12 |  |  | 13 |  |  | L+2.625 |  | — |
Alta Wind I-V lease financing arrangements, due 2034 and 2035 | 727 |  |  | 756 |  |  | 5.696 - 7.015 |  | 22 |
Alta Wind Realty Investments LLC, due 2031 | 23 |  |  | 24 |  |  | 7.000 |  |  | — |
Borrego, due 2024 and 2038 | 54 |  |  | 54 |  |  | Various |  | — |
Buckthorn Solar, due 2025 | 122 |  |  | 123 |  |  | L+1.750 |  | 23 |
Carlsbad Energy Holdings LLC, due 2027 | 136 |  |  | 136 |  |  | L+1.750 |  | 82 |
Carlsbad Energy Holdings LLC, due 2038 | 407 |  |  | 407 |  |  | 4.120 |  |  | — |
Carlsbad Holdco, due 2038 | 203 |  |  | 205 |  |  | 4.210 |  |  | 10 |
CVSR, due 2037 | 638 |  |  | 652 |  |  | 2.339 - 3.775 |  | — |
CVSR Holdco Notes, due 2037 | 160 |  |  | 169 |  |  | 4.680 |  |  | 13 |
DG-CS Master Borrower LLC, due 2040 | 434 |  |  | 441 |  |  | 3.510 |  |  | 30 |
El Segundo Energy Center, due 2023 | 154 |  |  | 193 |  |  | L+1.875 - L+2.500 |  | 138 |
Kawailoa Solar Portfolio LLC, due 2026 | 78 |  |  | 78 |  |  | L+1.375 |  | 15 |
Laredo Ridge, due 2028 (d) | — |  |  | 72 |  |  | L+2.125 |  | — |
Marsh Landing, due 2023 | 65 |  |  | 84 |  |  | L+2.375 |  | 73 |
Mililani I, due 2022 and 2024 | 98 |  |  | — |  |  | L+1.000 - L+1.250 |  | 2 |
NIMH Solar, due 2024 | 171 |  |  | 176 |  |  | L+2.000 |  | 16 |
Oahu Solar Holdings LLC, due 2026 | 85 |  |  | 86 |  |  | L+1.375 |  | 11 |
Rosie Class B LLC, due 2027 | 78 |  |  | 78 |  |  | L+1.750 |  | 17 |
Tapestry Wind LLC, due 2031 (d) | — |  |  | 85 |  |  | L+1.375 |  | — |
Utah Solar Holdings, due 2036 | 267 |  |  | 273 |  |  | 3.590 |  |  | 15 |
Viento Funding II, LLC, due 2023 and 2029 (d) | 188 |  |  | 29 |  |  | S+1.475 |  | 26 |
Walnut Creek, due 2023 | 55 |  |  | 74 |  |  | L+1.750 |  | 133 |
WCEP Holdings, LLC, due 2023 | 28 |  |  | 30 |  |  | L+3.000 |  | — |
Other | 142 |  |  | 151 |  |  | Various |  | 191 |
Subtotal project-level debt: | 5,002 |  |  | 5,073 |  |  |  |  |
Total debt | 7,127 |  |  | 7,778 |  |  |  |  |
Less current maturities | (457) |  |  | (772) |  |  |  |  |
Less net debt issuance costs | (69) |  |  | (71) |  |  |  |  |
Add premiums (e) | 4 |  |  | 4 |  |  |  |  |
Total long-term debt | $ | 6,605 |  |  | $ | 6,939 |  |  |  |  |
(a) As of June 30, 2022, L+ equals 3 month LIBOR plus x%, except Clearway Energy Operating LLC Revolving Credit Facility, due 2023, Marsh Landing, due 2023, Mililani I, due 2022 and 2024, and Walnut Creek, due 2023, where L+ equals 1 month LIBOR plus x%. (b) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement. (c) S+ equals SOFR, plus x%. (d) Laredo Ridge, due 2028; Tapestry Wind, LLC, due 2031; and Viento Funding II, LLC, due 2023 project-level debt were repaid on March 16, 2022 totaling $186 million and was replaced with $190 million in new project-level debt under Viento Funding II, LLC that was obtained on March 16, 2022 and is due in 2029, as discussed further below. (e) Premiums relate to the 2028 Senior Notes.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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