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Income Taxes
9 Months Ended
Sep. 30, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes Income taxes are calculated for NEP as a single taxpaying corporation for U.S. federal and state income taxes (based on NEP's election to be taxed as a corporation). NEP recognizes in income its applicable ownership share of U.S. income taxes due to the disregarded/partnership tax status of substantially all of the U.S. projects under NEP OpCo. Net income or loss attributable to noncontrolling interests includes minimal U.S. taxes. The effective tax rates for the three and nine months ended September 30, 2023 were approximately 19% and 19%, respectively, and for the three and nine months ended September 30, 2022 were approximately 16% and 14%, respectively. The effective tax rates are below the U.S. statutory rate of 21% primarily due to tax benefit attributable to noncontrolling interests of approximately $3 million for the three months ended September 30, 2023 and tax benefit attributable to PTCs of $22 million for the nine months ended September 30, 2023. The effective tax rates are below the U.S. statutory rate of 21% primarily due to tax benefit attributable to noncontrolling interests of approximately of $23 million and $126 million for the three and nine months ended September 30, 2022, respectively.