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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 332 $ 535
Restricted cash 401 516
Inventory 64 55
Derivative instruments 39 41
Prepayments and other current assets 67 68
Total current assets 1,067 1,560
Property, plant and equipment, net 9,944 9,526
Other Assets    
Equity investments in affiliates 309 360
Intangible assets for power purchase agreements, net 2,125 2,303
Other intangible assets, net 68 71
Derivative instruments 136 82
Right-of-use assets, net 547 597
Other non-current assets 133 202
Total other assets 3,318 3,615
Total Assets 14,329 14,701
Current Liabilities    
Current portion of long-term debt 430 558
Derivative instruments 56 51
Accrued interest expense 53 57
Accrued expenses and other current liabilities 66 79
Total current liabilities 718 906
Other Liabilities    
Long-term debt 6,750 7,479
Deferred income taxes 89 127
Derivative instruments 315 281
Long-term lease liabilities 569 627
Other non-current liabilities 324 286
Total other liabilities 8,047 8,800
Total Liabilities 8,765 9,706
Redeemable noncontrolling interest in subsidiaries 0 1
Commitments and Contingencies
Stockholders’ Equity    
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued 0 0
Class A, Class B, Class C and Class D common stock, $0.01 par value; 3,000,000,000 shares authorized (Class A 500,000,000, Class B 500,000,000, Class C 1,000,000,000, Class D 1,000,000,000); 202,147,579 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,833,226, Class D 41,961,750) at December 31, 2024 and 202,080,794 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,391,441, Class D 42,336,750) at December 31, 2023 1 1
Additional paid-in capital 1,805 1,732
Retained earnings 254 361
Accumulated other comprehensive income 3 7
Noncontrolling interest 3,501 2,893
Total Stockholders’ Equity 5,564 4,994
Total Liabilities and Stockholders’ Equity 14,329 14,701
Nonrelated Party    
Current Assets    
Accounts receivable — trade 164 171
Current Liabilities    
Accounts payable — trade 82 130
Affiliated Entity    
Current Assets    
Note receivable — affiliate 0 174
Current Liabilities    
Accounts payable — affiliates $ 31 $ 31