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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
[1]
Sep. 30, 2015
Sep. 30, 2014
[1]
Income Statement [Abstract]        
OPERATING REVENUES $ 103 $ 97 $ 297 $ 267
OPERATING EXPENSES        
Operations and maintenance 22 18 64 53
Depreciation and amortization 31 24 90 67 [2]
Transmission 1 1 2 2
Taxes other than income taxes and other 3 2 10 5
Total operating expenses 57 45 166 127
OPERATING INCOME 46 52 131 140
OTHER INCOME (DEDUCTIONS)        
Interest expense (28) (28) (79) (73)
Benefits associated with differential membership interests - net 3 0 10 0 [2]
Equity in earnings of equity method investees 0 0 (1) (1)
Other - net (4) 0 (4) 0
Total other deductions - net (29) (28) (74) (74)
INCOME BEFORE INCOME TAXES 17 24 57 66
INCOME TAXES 3 1 11 14
NET INCOME 14 23 [3] 46 52 [2],[3]
Less net income prior to initial public offering for NEP's initial portfolio 0 0 0 28
Less net income attributable to noncontrolling interest [4] 13 20 40 21
NET INCOME ATTRIBUTABLE TO NEXTERA ENERGY PARTNERS, LP $ 1 $ 3 $ 6 $ 3
Weighted average number of common units outstanding - basic and assuming dilution (in shares) 22.6 18.7 20.5 18.7
Earnings per common unit attributable to NextEra Energy Partners, LP - basic and assuming dilution (in dollars per share) $ 0.05 $ 0.17 $ 0.28 $ 0.17
[1] Prior-period financial information has been retrospectively adjusted as discussed in Note 2.
[2] Prior-period financial information has been retrospectively adjusted as discussed in Note 2.
[3] Prior-period financial information has been retrospectively adjusted as discussed in Note 2.
[4] The calculation of net income attributable to noncontrolling interest includes the pre-acquisition net income of the 2015 acquisitions. See Note 2.