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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Mesquite Sky Drop Down
Black Rock Drop Down
Mililani I Drop Down
Agua Caliente
Rattlesnake Dropdown
CEG
Tax Equity Investors
Preferred Stock
Common Stock
Additional Paid-In Capital
Additional Paid-In Capital
Mesquite Sky Drop Down
Additional Paid-In Capital
Mililani I Drop Down
Additional Paid-In Capital
CEG
(Accumulated Deficit) Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interest
Noncontrolling Interest
Mesquite Sky Drop Down
Noncontrolling Interest
Black Rock Drop Down
Noncontrolling Interest
Mililani I Drop Down
Noncontrolling Interest
Agua Caliente
Noncontrolling Interest
Rattlesnake Dropdown
Noncontrolling Interest
CEG
Noncontrolling Interest
Tax Equity Investors
Balance at beginning of period at Dec. 31, 2020 $ 2,715               $ 0 $ 1 $ 1,922       $ (84) $ (14) $ 890              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net Income (Loss) (78)                           3   (81)              
Unrealized gain on derivatives, net of tax 11                             4 7              
Contributions from CEG, non-cash             $ 27                               $ 27  
Contributions from CEG, cash             103 $ 126                             103 $ 126
Drop Downs           $ (118)                               $ (118)    
Non-cash adjustments for change in tax basis 2                   2                          
Agua Caliente acquisition         $ 273                               $ 273      
Common stock dividends and distributions to CEG unit holders             (66)             $ (38)                 (28)  
Balance at end of period at Mar. 31, 2021 2,995               0 1 1,886       (81) (10) 1,199              
Balance at beginning of period at Dec. 31, 2020 2,715               0 1 1,922       (84) (14) 890              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net Income (Loss) (44)                                              
Balance at end of period at Jun. 30, 2021 3,003               0 1 1,848       (46) (9) 1,209              
Balance at beginning of period at Mar. 31, 2021 2,995               0 1 1,886       (81) (10) 1,199              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net Income (Loss) 32                           35   (4)              
Net income (loss) 31                                              
Unrealized gain on derivatives, net of tax 0                             1 (1)              
Contributions from CEG, non-cash             3                               3  
Contributions from CEG, cash             1 38                             1 38
Drop Downs           $ 1                               $ 1    
Non-cash adjustments for change in tax basis (1)                   (1)                          
Stock-based compensation 1                   1                          
Common stock dividends and distributions to CEG unit holders             (66)             (38)                 (28)  
Balance at end of period at Jun. 30, 2021 3,003               0 1 1,848       (46) (9) 1,209              
Balance at beginning of period at Dec. 31, 2021 3,300               0 1 1,872       (33) (6) 1,466              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net Income (Loss) (99)                           (32)   (67)              
Unrealized gain on derivatives, net of tax 14                             6 8              
Distributions to CEG, net of contributions, cash             (3)                               (3)  
Contributions from CEG, cash               28                               28
Drop Downs   $ (8) $ 1 $ (30)               $ (1) $ (11)         $ (7) $ 1 $ (19)        
Non-cash adjustments for change in tax basis 8                   8                          
Stock-based compensation (2)                   (2)                          
Common stock dividends and distributions to CEG unit holders             (70)             (40)                 (30)  
Balance at end of period at Mar. 31, 2022 3,139               0 1 1,826       (65) 0 1,377              
Balance at beginning of period at Dec. 31, 2021 3,300               0 1 1,872       (33) (6) 1,466              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net Income (Loss) 1,052                                              
Balance at end of period at Jun. 30, 2022 4,189               0 1 1,785       505 2 1,896              
Balance at beginning of period at Mar. 31, 2022 3,139               0 1 1,826       (65) 0 1,377              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net Income (Loss) 1,149                           570   575              
Net income (loss) 1,145                                              
Unrealized gain on derivatives, net of tax 6                             2 4              
Distributions to CEG, net of contributions, cash             (20)                               (20)  
Distributions to noncontrolling interests, net of contributions, cash               $ (10)                               $ (10)
Non-cash adjustments for change in tax basis (1)                   (1)                          
Stock-based compensation 1                   1                          
Common stock dividends and distributions to CEG unit holders             $ (71)             $ (41)                 $ (30)  
Balance at end of period at Jun. 30, 2022 $ 4,189               $ 0 $ 1 $ 1,785       $ 505 $ 2 $ 1,896