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Debt (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Debt | Significant long-term debt issuances and borrowings by subsidiaries of NEP during the nine months ended September 30, 2023 were as follows:
Date Issued/Borrowed |  | Debt Issuances/Borrowings |  | Interest Rate |  | Principal Amount |  | Maturity Date
|  |  |  |  |  | (millions) |  |
February 2023 – September 2023 |  | NEP OpCo credit facility |  | Variable(a) |  | $ | 865 |  | (b) | 2028
March 2023 |  | Other long-term debt |  | Fixed(c) |  | $ | 14 |  |  | (c)
April 2023 – September 2023 |  | STX Holdings revolving credit facility |  | Variable(a) |  | $ | 177 |  | (d) | 2024
June 2023 |  | Senior secured limited-recourse debt |  | Variable(a) |  | $ | 330 |  | (e) | 2028
———————————— (a)Variable rate is based on an underlying index plus a margin. (b)At September 30, 2023, approximately $545 million of borrowings were outstanding and $53 million of letters of credit were issued under the NEP OpCo credit facility. Approximately $11 million of the outstanding borrowings have a maturity date in 2025. In October 2023, $85 million was drawn under the NEP OpCo credit facility and $35 million was repaid. See Note 8 – Class B Noncontrolling Interests regarding Class B membership interests in STX Midstream. (c)See Note 9 – Related Party Long-term Debt. (d)Borrowings used to fund a portion of the cash used for NEP's repurchase of the Class B noncontrolling membership interests in STX Midstream (see Note 8 – Class B Noncontrolling Interests regarding Class B membership interests in STX Midstream). At September 30, 2023, approximately $177 million of borrowings were outstanding under the STX Holdings revolving credit facility. In October 2023, approximately $60 million was drawn under the STX Holdings revolving credit facility. (e)Borrowings used to provide funds to repay a portion of the amount outstanding under the revolving credit facility in July 2023.

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