RELATED PARTY TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2023

Related party transactions [abstract]

Schedule of related party agreements and transactions

The following table reflects the related party agreements and transactions for the three and six months ended June 30 in the interim consolidated statements of income (loss):

	Three months ended June 30				Six months ended June 30
(MILLIONS)	2023		2022		2023		2022
Revenues
Power purchase and revenue agreements	$	8	$	9	$	52	$	22
Direct operating costs
Energy marketing fee & other services	(4)		(1)		(5)		(4)
	$	(4)	$	(1)	$	(5)	$	(4)
Interest expense
Borrowings	$	(5)	$	—	$	(10)	$	—
Contract balance accretion	(7)		(6)		$	(15)	$	(12)
	$	(12)	$	(6)	$	(25)	$	(12)
Other
Distribution income	$	4	$	—	$	5	$	—
Related party services	$	6	$	(1)	$	6	$	(2)
Management service costs	$	(55)	$	(65)	$	(112)	$	(141)

Summary of related party agreements and transactions on the consolidated statements of financial position

The following table reflects the impact of the related party agreements and transactions on the consolidated statements of financial position:

(MILLIONS)	Related party	June 30, 2023		December 31, 2022
Current assets
Trade receivables and other current assets
Contract asset	Brookfield	$	57	$	54
Due from related parties
Amounts due from	Brookfield	155		105
	Equity-accounted investments and other	56		18
		211		123
Financial instrument assets	Brookfield	197		395
Non-current assets
Other long-term assets
Contract asset	Brookfield	330		341
Amounts due from	Brookfield	—		—
Amounts due from	Equity-accounted investments and other	135		128
Current liabilities
Contract liability	Brookfield	30		24
Financial instrument liabilities	Brookfield Reinsurance	10		3
Due to related parties
Amounts due to	Brookfield	236		166
	Equity-accounted investments and other	95		62
	Brookfield Reinsurance	309		321
Accrued distributions payable on LP units, BEPC exchangeable shares, Redeemable/Exchangeable partnership units and GP interest	Brookfield	42		38
		682		587
Non-recourse borrowings	Brookfield	10		18
Non-current liabilities
Financial instrument liabilities	Brookfield Reinsurance	15		3
Corporate borrowings	Brookfield Reinsurance	8		7
Non-recourse borrowings	Brookfield Reinsurance and associates	115		93
	Brookfield	923		1,750
Other long-term liabilities
Amounts due to	Equity-accounted investments, Brookfield Reinsurance and associates and other	1		1
Contract liability	Brookfield	670		662
		$	671	$	663
Equity
Preferred limited partners equity	Brookfield Reinsurance and associates	$	12	$	12