v3.20.2

Revenue From Contracts with Customers Revenue From Contracts with Customers | 6 Months Ended
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Jun. 30, 2020
Revenue from Contract with Customer [Abstract] |
Revenue from Contract with Customer | Revenue from Contracts with Customers Disaggregation of Revenues with Customers The following tables represent a disaggregation of our operating revenues for the three and six months ended June 30, 2020 and 2019 by reportable segment (in millions). See Note 11 for a description of our segments.
| Three Months Ended June 30, 2020
| Wholesale |  |  |  |  |  |
| West |  | Texas |  | East |  | Retail |  | Elimination |  | Total
Third Party: |  |  |  |  |  |  |  |  |  |  |
Energy & other products | $ | 163 |  |  | $ | 254 |  |  | $ | 99 |  |  | $ | 322 |  |  | $ | — |  |  | $ | 838 |
Capacity | 66 |  |  | 28 |  |  | 104 |  |  | — |  |  | — |  |  | 198 |
Revenues relating to physical or executory contracts – third party | $ | 229 |  |  | $ | 282 |  |  | $ | 203 |  |  | $ | 322 |  |  | $ | — |  |  | $ | 1,036 |
Affiliate(1): | $ | 9 |  |  | $ | 10 |  |  | $ | 20 |  |  | $ | 2 |  |  | $ | (41 | ) |  | $ | — |
Revenues relating to leases and derivative instruments(2) |  |  |  |  |  |  |  |  |  |  | $ | 707 |
Other |  |  |  |  |  |  |  |  |  |  | 1 |
Total operating revenues |  |  |  |  |  |  |  |  |  |  | $ | 1,744 |
| Three Months Ended June 30, 2019
| Wholesale |  |  |  |  |  |
| West |  | Texas |  | East |  | Retail |  | Elimination |  | Total
Third Party: |  |  |  |  |  |  |  |  |  |  |
Energy & other products | $ | 145 |  |  | $ | 318 |  |  | $ | 124 |  |  | $ | 413 |  |  | $ | — |  |  | $ | 1,000 |
Capacity | 36 |  |  | 33 |  |  | 154 |  |  | — |  |  | — |  |  | 223 |
Revenues relating to physical or executory contracts – third party | $ | 181 |  |  | $ | 351 |  |  | $ | 278 |  |  | $ | 413 |  |  | $ | — |  |  | $ | 1,223 |
Affiliate(1): | $ | 6 |  |  | $ | 14 |  |  | $ | 30 |  |  | $ | 1 |  |  | $ | (51 | ) |  | $ | — |
Revenues relating to leases and derivative instruments(2) |  |  |  |  |  |  |  |  |  |  | $ | 1,376 |
Total operating revenues |  |  |  |  |  |  |  |  |  |  | $ | 2,599 |
| Six Months Ended June 30, 2020
| Wholesale |  |  |  |  |  |
| West |  | Texas |  | East |  | Retail |  | Elimination |  | Total
Third Party: |  |  |  |  |  |  |  |  |  |  |
Energy & other products | $ | 364 |  |  | $ | 473 |  |  | $ | 205 |  |  | $ | 646 |  |  | $ | — |  |  | $ | 1,688 |
Capacity | 128 |  |  | 56 |  |  | 209 |  |  | — |  |  | — |  |  | 393 |
Revenues relating to physical or executory contracts – third party | $ | 492 |  |  | $ | 529 |  |  | $ | 414 |  |  | $ | 646 |  |  | $ | — |  |  | $ | 2,081 |
Affiliate(1): | $ | 26 |  |  | $ | 20 |  |  | $ | 39 |  |  | $ | 3 |  |  | $ | (88 | ) |  | $ | — |
Revenues relating to leases and derivative instruments(2) |  |  |  |  |  |  |  |  |  |  | $ | 1,953 |
Other |  |  |  |  |  |  |  |  |  |  | 2 |
Total operating revenues |  |  |  |  |  |  |  |  |  |  | $ | 4,036 |
| Six Months Ended June 30, 2019
| Wholesale |  |  |  |  |  |
| West |  | Texas |  | East |  | Retail |  | Elimination |  | Total
Third Party: |  |  |  |  |  |  |  |  |  |  |
Energy & other products | $ | 437 |  |  | $ | 620 |  |  | $ | 327 |  |  | $ | 825 |  |  | $ | — |  |  | $ | 2,209 |
Capacity | 71 |  |  | 65 |  |  | 331 |  |  | — |  |  | — |  |  | 467 |
Revenues relating to physical or executory contracts – third party | $ | 508 |  |  | $ | 685 |  |  | $ | 658 |  |  | $ | 825 |  |  | $ | — |  |  | $ | 2,676 |
Affiliate(1): | $ | 17 |  |  | $ | 28 |  |  | $ | 57 |  |  | $ | 4 |  |  | $ | (106 | ) |  | $ | — |
Revenues relating to leases and derivative instruments(2) |  |  |  |  |  |  |  |  |  |  | $ | 2,522 |
Total operating revenues |  |  |  |  |  |  |  |  |  |  | $ | 5,198 |
___________
(1) | Affiliate energy, other and capacity revenues reflect revenues on transactions between wholesale and retail affiliates excluding affiliate activity related to leases and derivative instruments. All such activity supports retail supply needs from the wholesale business and/or allows for collateral margin netting efficiencies at Calpine.
(2) | Revenues relating to contracts accounted for as leases and derivatives include energy and capacity revenues relating to PPAs that we are required to account for as operating leases and physical and financial commodity derivative contracts, primarily relating to power, natural gas and environmental products. Revenue related to derivative instruments includes revenue recorded in Commodity revenue and mark-to-market gain (loss) within our operating revenues on our Consolidated Condensed Statements of Operations.
Performance Obligations and Contract Balances At June 30, 2020 and December 31, 2019, deferred revenue balances relating to contracts with our customers were included in other current liabilities on our Consolidated Condensed Balance Sheets and primarily relate to sales of environmental products and capacity. We classify deferred revenue as current or long-term based on the timing of when we expect to recognize revenue. The balance outstanding at June 30, 2020 and December 31, 2019 was $27 million and $14 million, respectively. The revenue recognized during the three months ended June 30, 2020 and 2019, relating to the deferred revenue balance at the beginning of each period was $2 million and $2 million, respectively. The revenue recognized during the six months ended June 30, 2020 and 2019, relating to the deferred revenue balance at the beginning of each period was $2 million and $3 million, respectively. Revenue recognized each period relating to deferred revenue balances resulted from our performance under the customer contracts. The change in the deferred revenue balance during the three and six months ended June 30, 2020 and 2019 was primarily due to the timing difference of when consideration was received and when the related good or service was transferred. Performance Obligations not yet Satisfied As of June 30, 2020, we have entered into certain contracts for fixed and determinable amounts with customers under which we have not yet completed our performance obligations which primarily includes agreements for which we are providing capacity from our generating facilities. We have revenues related to the sale of capacity through participation in various ISO capacity auctions estimated based upon cleared volumes and the sale of capacity to our customers of $346 million, $672 million, $449 million, $330 million and $203 million that will be recognized during the years ending December 31, 2020, 2021, 2022, 2023 and 2024, respectively, and $108 million thereafter. Revenues under these contracts will be recognized as we transfer control of the commodities to our customers.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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