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INVESTMENTS AND RELATED PARTY TRANSACTIONS (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Equity Method Investments | The following tables present changes to our investments in unconsolidated subsidiaries for the periods presented:
| Midway Sunset Cogeneration Company
| (in millions)
Acquisition Date Fair Value at July 1, 2024 | $ | 59 |
Income from investment in unconsolidated subsidiary | 2 |
Distributions | (2) |
Investment, December 31, 2024 | $ | 59 |
| Carbon TerraVault JV
| (in millions)
Investment, December 31, 2022 | $ | 13 |
Loss from investment in unconsolidated subsidiary | (9) |
Contributions | 15 |
Investment, December 31, 2023 | 19 |
Loss from investment in unconsolidated subsidiary | (12) |
Contributions | 20 |
Investment, December 31, 2024 | $ | 27 |
The tables below present the summarized financial information related to our equity method investment in the Carbon TerraVault JV (and do not include amounts we have incurred related to development of our carbon management segment, Carbon TerraVault), along with related party transactions for the periods presented.
| December 31, |  | December 31,
| 2024 |  | 2023
| (in millions)
Receivables from affiliate(a) | $ | 46 |  |  | $ | 19 |
Other long-term liabilities - Contingent liability (related to Carbon TerraVault JV put and call rights) | $ | 107 |  |  | $ | 52 |
(a)Receivable from affiliate includes the remaining amount of Brookfield's initial contributions to the Carbon TerraVault JV which are available to us (either for distribution, borrowing or to offset against future capital calls) and amounts due to us under the MSA (described further below). At December 31, 2024, the amount of $46 million includes $43 million remaining of Brookfield's initial contribution available to us and $3 million related to the MSA and vendor reimbursements. At December 31, 2023, the amount of $19 million includes $17 million remaining of Brookfield's initial contribution available to us and $2 million related to the MSA and vendor reimbursements.

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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