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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING REVENUES    
Renewable energy sales $ 156 $ 149 [1]
Texas pipelines service revenues 56 49 [1]
Total operating revenues [2] 212 198 [1]
OPERATING EXPENSES    
Operations and maintenance [3] 64 56 [1]
Depreciation and amortization 53 56 [1],[4]
Taxes other than income taxes and other 5 4 [1]
Total operating expenses 122 116 [1]
OPERATING INCOME 90 82 [1]
OTHER INCOME (DEDUCTIONS)    
Interest expense (103) (43) [1]
Benefits associated with differential membership interests - net 0 31 [1],[4]
Equity in earnings of equity method investee 3 2 [1]
Equity in earnings of non-economic ownership interests 6 0 [1],[4]
Other - net 2 0 [1]
Total other income (deductions) - net (92) (10) [1]
INCOME (LOSS) BEFORE INCOME TAXES (2) 72 [1]
INCOME TAXES 19 14 [1]
NET INCOME (LOSS) [5] (21) 58 [1],[4]
Net income attributable to preferred distributions (6) 0 [1],[6]
Less net income (loss) attributable to noncontrolling interest [7] 100 (46) [1]
NET INCOME ATTRIBUTABLE TO NEXTERA ENERGY PARTNERS, LP $ 73 $ 12 [1]
Weighted average number of common units outstanding - basic (in shares) 54.3 54.2 [1]
Weighted average number of common units outstanding - assuming dilution (in shares) 74.0 54.2 [1]
Earnings per common unit attributable to NextEra Energy Partners, LP - basic (in dollars per share) $ 1.35 $ 0.22 [1]
Earnings per common unit attributable to NextEra Energy Partners, LP - basic (in dollars per share) 1.21 0.22
Distributions per common unit (in dollars per unit) $ 0.4050 $ 0.3525 [1]
[1] Prior-period financial information has been retrospectively adjusted as discussed in Note 1.
[2] Includes related party revenues of approximately $2 million and $5 million for the three months ended March 31, 2018 and 2017, respectively.
[3] Includes O&M expenses related to renewable energy projects of $31 million and $26 million for the three months ended March 31, 2018 and 2017, respectively. Includes O&M expenses related to the Texas pipelines of $11 million and $12 million for the three months ended March 31, 2018 and 2017, respectively. Total O&M expenses presented include related party amounts of approximately $24 million and $21 million for the three months ended March 31, 2018 and 2017, respectively.
[4] Prior-period financial information has been retrospectively adjusted as discussed in Note 1 and Note 10 - Restricted Cash.
[5] At March 31, 2018, approximately $6 million of preferred unit distributions were accrued and are payable in May 2018.
[6] Prior-period financial information has been retrospectively adjusted as discussed in Note 1.
[7] For the three months ended March 31, 2017, net income attributable to noncontrolling interests includes the pre-acquisition net income of the common control acquisitions. See Note 1.