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Income Taxes
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Effective Tax Rate
The income tax provision consisted of the following amounts:
 Three months ended September 30,Nine months ended September 30,
2025202420252024
(In millions, except percentages)
Income (loss) before income taxes$29 $60 $(58)$15 
Income tax (benefit) expense (31)33 (26)30 
Effective income tax rate(106.9)%55.0 %44.8 %200.0 %
For the three and nine months ended September 30, 2025 and 2024, the overall effective tax rate was different than the statutory rate of 21% primarily due to the allocation of taxable earnings and losses based on the partners’ interest in Clearway Energy LLC, which includes the effects of applying the HLBV method of accounting for book purposes for certain partnerships.
For tax purposes, Clearway Energy LLC is treated as a partnership; therefore, the Company and CEG each record their respective share of taxable income or loss.