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Stockholders' Equity
 9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Common Stock
The Company has an equity distribution agreement (Equity Distribution Agreement) pursuant to the terms of which, the Company may offer and sell shares of the Company's Class A common stock, par value $0.01 per share, from time to time, up to an aggregate sales price of $200 million. For the nine months ended September 30, 2019, the Company did not sell any shares under the Equity Distribution Agreement. As of September 30, 2019, approximately $144 million in aggregate offering price remained available to be sold under the agreement.
Noncontrolling Interests
The following table presents the balances for noncontrolling interests by project (in millions):
 
September 30,
 
December 31,
 
2019
 
2018
Logan's Gap
$
123

 
$
132

Panhandle 1
118

 
131

Panhandle 2
162

 
176

Post Rock
101

 
116

Amazon Wind
92

 
101

Broadview Project
243

 
257

Futtsu
9

 
10

Meikle
44

 
57

MSM
38

 
37

Stillwater
92

 
95

Belle River
18

 
—

Noncontrolling interest
$
1,040

 
$
1,112


The following table presents the components of total noncontrolling interest as reported in the stockholders’ equity statements and the consolidated balance sheets (in millions):
 
Capital
 
Accumulated Loss
 
Accumulated Other Comprehensive Income (Loss)
 
Noncontrolling Interest
Balances at December 31, 2017
$
1,380

 
$
(126
)
 
$
—

 
$
1,254

Acquisitions
52

 
—

 
—

 
52

Sale of subsidiaries
(37
)
 
5

 
—

 
(32
)
Distributions to noncontrolling interests
(29
)
 
—

 
—

 
(29
)
Net loss (1)
—

 
(202
)
 
—

 
(202
)
Other comprehensive loss, net of tax
—

 
—

 
2

 
2

Balances at September 30, 2018
$
1,366

 
$
(323
)
 
$
2

 
$
1,045

 
 
 
 
 
 
 
 
Balances at December 31, 2018
$
1,452

 
$
(332
)
 
$
(8
)
 
$
1,112

Contributions from noncontrolling interests
24

 
—

 
—

 
24

Distributions to noncontrolling interests
(33
)
 
—

 
—

 
(33
)
Net loss
—

 
(59
)
 
—

 
(59
)
Other comprehensive loss, net of tax
—

 
—

 
(4
)
 
(4
)
Balances at September 30, 2019
$
1,443

 
$
(391
)
 
$
(12
)
 
$
1,040


(1) 
On December 22, 2017, the Tax Cuts and Jobs Act (the "Tax Act") was signed into law, which enacted major changes to the U.S. federal income tax laws, including a permanent reduction in the U.S. federal corporate income tax rate from 35% to 21%, effective January 1, 2018. Reduction in the corporate income tax rate resulted in one-time reduction in the noncontrolling interest attributable to partners in its tax equity partnerships. As part of the liquidation waterfall, the Company allocated significantly lower portions of the hypothetical liquidation proceeds to compensate certain noncontrolling interest investors for tax gains on the hypothetical sale calculated at the lowered rate of 21% as compared to the rate of 35% that was previously utilized. For the nine months ended September 30, 2018, included in net loss attributable to noncontrolling interest is a one-time adjustment of $150 million as a result of the decrease in the federal corporate income tax rate.
Pay-go Contribution
For the Broadview Project, there is a partial pay as you go (Pay-go) funding arrangement under which, when the actual annual MWh production of Broadview exceeds a certain production threshold, the tax equity investors are obligated to make a cash contribution ("Pay-go contribution") to the Company. The Pay-go arrangement resulted in a lower initial investment by the tax equity investors and provided them with some protection from potential underperformance of Broadview. For the year ended December 31, 2018, the actual MWh production of Broadview exceeded the production threshold. As a result, the Company received $5 million of Pay-go contribution from the tax equity investors in the first quarter of 2019.