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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2022

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 consolidated statements of cash flows:

			June 30, 2022						December 31, 2021
			(In millions)
Cash and cash equivalents			$	955					$	179
Restricted cash			333						475
Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows			$	1,288					$	654

Schedule of Restricted Cash

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 consolidated statements of cash flows:

			June 30, 2022						December 31, 2021
			(In millions)
Cash and cash equivalents			$	955					$	179
Restricted cash			333						475
Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows			$	1,288					$	654

Schedule of Accumulated Amortization and Depreciation

The following table presents the accumulated depreciation included in property, plant and equipment, net, and accumulated amortization included in intangible assets, net as of June 30, 2022 and December 31, 2021:

			June 30, 2022						December 31, 2021
			(In millions)
Property, Plant and Equipment Accumulated Depreciation			$	2,745					$	2,501
Intangible Assets Accumulated Amortization			687						605

Dividends Declared

The following table lists the dividends paid on the Company's Class A and Class C common stock during the six months ended June 30, 2022:

															Second Quarter 2022						First Quarter 2022
Dividends per Class A share															$	0.3536					$	0.3468
Dividends per Class C share															0.3536						0.3468

Distributions Made to Limited Liability Company (LLC) Member, by Distribution

The following table lists distributions paid to CEG during the six months ended June 30, 2022 on Clearway Energy LLC’s Class B and D units:

															Second Quarter 2022						First Quarter 2022
Distributions per Class B Unit															$	0.3536					$	0.3468
Distributions per Class D Unit															0.3536						0.3468

Redeemable Noncontrolling Interest

The following table reflects the changes in the Company’s redeemable noncontrolling interest balance for the six months ended June 30, 2022:

						(In millions)
Balance as of December 31, 2021						$	—
Cash distributions to redeemable noncontrolling interests						(2)
Comprehensive income attributable to redeemable noncontrolling interests						6
Balance as of June 30, 2022						$	4

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 six months ended June 30, 2022 and 2021, respectively:

			Three months ended June 30, 2022
(In millions)			Conventional Generation						Renewables						Thermal																		Total
Energy revenue (a)			$	3					$	306					$	11																	$	320
Capacity revenue (a)			106						1						4																		111
Contract amortization			(6)						(35)						—																		(41)
Other revenue			—						27						3																		30
Mark-to-market for economic hedges			—						(52)						—																		(52)
Total operating revenues			103						247						18																		368
Less: Mark-to-market for economic hedges			—						52						—																		52
Less: Lease revenue			(109)						(268)						—																		(377)
Less: Contract amortization			6						35						—																		41
Total revenue from contracts with customers			$	—					$	66					$	18																	$	84

(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					$	268					$	—					$	271
Capacity revenue			106						—						—						106
Total			$	109					$	268					$	—					$	377

			Three months ended June 30, 2021
(In millions)			Conventional Generation						Renewables						Thermal																		Total
Energy revenue (a)			$	2					$	261					$	29																	$	292
Capacity revenue (a)			113						—						15																		128
Contract amortization			(6)						(30)						(1)																		(37)
Other revenue			—						22						6																		28
Mark-to-market for economic hedges			—						(31)						—																		(31)
Total operating revenues			109						222						49																		380
Less: Mark-to-market for economic hedges			—						31						—																		31
Less: Lease revenue			(115)						(228)						—																		(343)
Less: Contract amortization			6						30						1																		37
Total revenue from contracts with customers			$	—					$	55					$	50																	$	105

(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					$	228					$	—					$	230
Capacity revenue			113						—						—						113
Total			$	115					$	228					$	—					$	343

			Six months ended June 30, 2022
(In millions)			Conventional Generation						Renewables						Thermal																		Total
Energy revenue (a)			$	3					$	501					$	48																	$	552
Capacity revenue (a)			220						1						18																		239
Contract amortization			(12)						(71)						—																		(83)
Other revenue			—						41						11																		52
Mark-to-market for economic hedges			—						(178)						—																		(178)
Total operating revenues			211						294						77																		582
Less: Mark-to-market for economic hedges			—						178						—																		178
Less: Lease revenue			(223)						(430)						(1)																		(654)
Less: Contract amortization			12						71						—																		83
Total revenue from contracts with customers			$	—					$	113					$	76																	$	189

(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					$	430					$	1					$	434
Capacity revenue			220						—						—						220
Total			$	223					$	430					$	1					$	654

			Six months ended June 30, 2021
(In millions)			Conventional Generation						Renewables						Thermal												Total
Energy revenue (a)			$	3					$	387					$	58											$	448
Capacity revenue (a)			220						—						28												248
Contract amortization			(12)						(55)						(2)												(69)
Other revenue			—						31						14												45
Mark-to-market for economic hedges			—						(55)						—												(55)
Total operating revenues			211						308						98												617
Less: Mark-to-market for economic hedges			—						55						—												55
Less: Lease revenue			(223)						(373)						(1)												(597)
Less: Contract amortization			12						55						2												69
Total revenue from contracts with customers			$	—					$	45					$	99											$	144

(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					$	373					$	1					$	377
Capacity revenue			220						—						—						220
Total			$	223					$	373					$	1					$	597

Contract with Customer, Asset and Liability

The following table reflects the contract assets and liabilities included on the Company’s consolidated balance sheets as of June 30, 2022 and December 31, 2021:

			June 30, 2022						December 31, 2021
			(In millions)
Accounts receivable, net - Contracts with customers			$	60					$	44
Accounts receivable, net - Leases			162						100
Total accounts receivable, net			$	222					$	144

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