CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 260	$ 332
Restricted cash	526	401
Inventory	70	64
Derivative instruments	25	39
Prepayments and other current assets	73	67
Total current assets	1,187	1,067
Property, plant and equipment, net	11,385	9,944
Other Assets
Equity investments in affiliates	297	309
Intangible assets for power purchase agreements, net	2,215	2,125
Other intangible assets, net	65	68
Derivative instruments	109	136
Right-of-use assets, net	606	547
Other non-current assets	169	133
Total other assets	3,461	3,318
Total Assets	16,033	14,329
Current Liabilities
Current portion of long-term debt	460	430
Derivative instruments	62	56
Accrued interest expense	52	53
Accrued expenses and other current liabilities	60	66
Total current liabilities	834	718
Other Liabilities
Long-term debt	8,251	6,750
Deferred income taxes	42	89
Derivative instruments	324	315
Long-term lease liabilities	635	569
Other non-current liabilities	367	324
Total other liabilities	9,619	8,047
Total Liabilities	10,453	8,765
Redeemable noncontrolling interest in subsidiaries	38	0
Commitments and Contingencies
Stockholders’ Equity
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued	0	0
Class A, Class B, Class C and Class D common stock, $0.01 par value; 3,000,000,000 shares authorized (Class A 500,000,000, Class B 500,000,000, Class C 1,000,000,000, Class D 1,000,000,000); 202,185,894 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 83,257,149, Class D 41,576,142) at June 30, 2025 and 202,147,579 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,833,226, Class D 41,961,750) at December 31, 2024	1	1
Additional paid-in capital	1,670	1,805
Retained earnings	188	254
Accumulated other comprehensive (loss) income	(10)	3
Noncontrolling interest	3,693	3,501
Total Stockholders’ Equity	5,542	5,564
Total Liabilities and Stockholders’ Equity	16,033	14,329
Nonrelated Party
Current Assets
Accounts receivable	232	164
Current Liabilities
Accounts payable — trade	159	82
Affiliated Entity
Current Assets
Accounts receivable	1	0
Current Liabilities
Accounts payable — affiliates	$ 41	$ 31