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Segment Reporting
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company’s segment structure reflects how management currently operates and allocates resources. The Company’s businesses are segregated based on Flexible Generation and Renewables businesses, which consist of solar, wind and battery energy storage system, or BESS, facilities. The Corporate segment reflects the Company’s corporate costs and includes eliminating entries. The Company’s chief operating decision maker, its Chief Executive Officer, evaluates the performance of its segments based on net income (loss). The Company’s Chief Executive Officer reviews net income (loss) and its components on a monthly and quarterly basis to evaluate the performance of each segment and to determine how to allocate resources.
Approximately 60% of the Company’s operating revenues and 50% of the Company’s assets relate to operations located in California. Also, the Company generated more than 10% of its revenues from the following customers for the years ended December 31, 2024, 2023 and 2022:
202420232022
CustomerFlexible GenerationRenewablesFlexible GenerationRenewablesFlexible GenerationRenewables
SCE7%17%11%13%17%17%
PG&E3%14%4%13%10%15%
Year ended December 31, 2024
(In millions)Flexible GenerationRenewables
Corporate (a)
Total
Operating revenues $342 $1,029 $— $1,371 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below137 367 (3)501 
Depreciation, amortization and accretion115 512 — 627 
General and administrative— — 39 39 
Transaction and integration costs— — 8 8 
Operating income (loss)90 150 (44)196 
Equity in earnings of unconsolidated affiliates3 32 — 35 
Other income, net6 31 11 48 
Loss on debt extinguishment— (5)— (5)
Interest expense (35)(176)(96)(307)
Income (loss) before income taxes64 32 (129)(33)
Income tax expense— 1 29 30 
Net Income (Loss)64 31 (158)(63)
Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests— (236)85 (151)
Net Income (Loss) Attributable to Clearway Energy, Inc.
$64 $267 $(243)$88 
Balance Sheet
Equity investments in affiliates$75 $234 $— $309 
Capital expenditures (b)
9 179 — 188 
Total Assets$1,933 $12,236 $160 $14,329 
(a) Includes eliminations.
(b) Includes accruals.
Year ended December 31, 2023
(In millions)Flexible GenerationRenewables
Corporate (a)
Total
Operating revenues$420 $894 $— $1,314 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below154 321 (2)473 
Depreciation, amortization and accretion129 397 — 526 
Impairment losses
— 12 — 12 
General and administrative
— — 36 36 
Transaction and integration costs— — 4 4 
Operating income (loss)137 164 (38)263 
Equity in earnings of unconsolidated affiliates3 9 — 12 
Other income, net4 24 24 52 
Loss on debt extinguishment— (6)— (6)
Interest expense (35)(205)(97)(337)
Income (loss) before income taxes
109 (14)(111)(16)
Income tax benefit— (2)— (2)
Net Income (Loss)
109 (12)(111)(14)
Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests— (162)69 (93)
Net Income (Loss) Attributable to Clearway Energy, Inc.
$109 $150 $(180)$79 
Balance Sheet
Equity investments in affiliates
$79 $281 $— $360 
Capital expenditures (b)
11 146 — 157 
Total Assets
$2,058 $12,205 $438 $14,701 
(a) Includes eliminations.
(b) Includes accruals.
Year ended December 31, 2022
(In millions)Flexible GenerationRenewablesThermal
Corporate (a)
Total
Operating revenues$417 $696 $77 $— $1,190 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below89 298 50 (2)435 
Depreciation, amortization and accretion131 381 — — 512 
Impairment losses
— 16 — — 16 
General and administrative
— — 2 38 40 
Transaction and integration costs— — — 7 7 
Development costs— — 2 — 2 
Total operating costs and expenses220 695 54 43 1,012 
Gain on sale of business— — — 1,292 1,292 
Operating income197 1 23 1,249 1,470 
Equity in earnings of unconsolidated affiliates3 26 — — 29 
Other income, net1 6— 10 17 
Loss on debt extinguishment— (2)— — (2)
Interest expense (40)(87)(6)(99)(232)
Income (loss) before income taxes161 (56)171,160 1,282 
Income tax expense— 2 — 220 222 
Net Income (Loss)
161 (58)17 940 1,060 
Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests— (107)— 585 478 
Net Income Attributable to Clearway Energy, Inc.
$161 $49 $17 $355 $582 
(a) Includes eliminations.