XML 297 R86.htm IDEA: XBRL DOCUMENT v3.25.4
Segment Reporting (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
May 31, 2023
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2025
Sep. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting                  
Operating revenues             $ 1,429 $ 1,371 $ 1,314
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below             530 501 473
Depreciation, amortization and accretion             682 627 526
Impairment losses             0 0 12
General and administrative             41 39 36
Transaction and integration costs             16 8 4
Operating income (loss)             160 196 263
Equity in earnings of unconsolidated affiliates             31 35 12
Other income, net             29 48 52
Loss on debt extinguishment             (8) (5) (6)
Interest expense             (387) (307) (337)
Income (loss) before income taxes             (175) (33) (16)
Income tax expense (benefit)             56 30 (2)
Net income (loss) $ 8           (231) (63) (14)
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests   $ (172) $ (18) $ (101) $ (119) $ (291) (400) (151) (93)
Net Income (Loss) Attributable to Clearway Energy, Inc.   $ 232 $ 30 $ (3) $ 27 $ 259 169 88 79
Equity investments in affiliates             291 309  
Capital expenditures             196 188  
Total Assets             16,655 14,329  
Operating Segments                  
Segment Reporting                  
Operating revenues             1,429 1,371 1,314
Operating Segments | Flexible Generation                  
Segment Reporting                  
Operating revenues             291 342 420
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below             109 137 154
Depreciation, amortization and accretion             112 115 129
Impairment losses                 0
General and administrative             0 0 0
Transaction and integration costs             0 0 0
Operating income (loss)             70 90 137
Equity in earnings of unconsolidated affiliates             1 3 3
Other income, net             4 6 4
Loss on debt extinguishment             0 0 0
Interest expense             (35) (35) (35)
Income (loss) before income taxes             40 64 109
Income tax expense (benefit)             0 0 0
Net income (loss)             40 64 109
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests             0 0 0
Net Income (Loss) Attributable to Clearway Energy, Inc.             40 64 109
Equity investments in affiliates             72 75  
Capital expenditures             9 9  
Total Assets             1,803 1,933  
Operating Segments | Renewables & Storage                  
Segment Reporting                  
Operating revenues             1,138 1,029 894
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below             421 367 321
Depreciation, amortization and accretion             570 512 397
Impairment losses                 12
General and administrative             0 0 0
Transaction and integration costs             0 0 0
Operating income (loss)             147 150 164
Equity in earnings of unconsolidated affiliates             30 32 9
Other income, net             22 31 24
Loss on debt extinguishment             (8) (5) (6)
Interest expense             (252) (176) (205)
Income (loss) before income taxes             (61) 32 (14)
Income tax expense (benefit)             (1) 1 (2)
Net income (loss)             (60) 31 (12)
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests             (560) (236) (162)
Net Income (Loss) Attributable to Clearway Energy, Inc.             500 267 150
Equity investments in affiliates             219 234  
Capital expenditures             187 179  
Total Assets             14,557 12,236  
Corporate                  
Segment Reporting                  
Operating revenues             0 0 0
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below             0 (3) (2)
Depreciation, amortization and accretion             0 0 0
Impairment losses                 0
General and administrative             41 39 36
Transaction and integration costs             16 8 4
Operating income (loss)             (57) (44) (38)
Equity in earnings of unconsolidated affiliates             0 0 0
Other income, net             3 11 24
Loss on debt extinguishment             0 0 0
Interest expense             (100) (96) (97)
Income (loss) before income taxes             (154) (129) (111)
Income tax expense (benefit)             57 29 0
Net income (loss)             (211) (158) (111)
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests             160 85 69
Net Income (Loss) Attributable to Clearway Energy, Inc.             (371) (243) $ (180)
Equity investments in affiliates             0 0  
Capital expenditures             0 0  
Total Assets             $ 295 $ 160  
Southern California Edison | Flexible Generation                  
Segment Reporting                  
Customers percentage of total revenue             7.00% 7.00% 11.00%
Southern California Edison | Renewables & Storage                  
Segment Reporting                  
Customers percentage of total revenue             15.00% 17.00% 13.00%
PG&E | Flexible Generation                  
Segment Reporting                  
Customers percentage of total revenue             2.00% 3.00% 4.00%
PG&E | Renewables & Storage                  
Segment Reporting                  
Customers percentage of total revenue             14.00% 14.00% 13.00%
CALIFORNIA | Revenue Benchmark | Geographic Concentration Risk                  
Segment Reporting                  
Percentage of total operating revenue and assets             58.00%    
CALIFORNIA | Assets, Total | Geographic Concentration Risk                  
Segment Reporting                  
Percentage of total operating revenue and assets             45.00%