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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net Loss $ (38) $ (92)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Equity in earnings of unconsolidated affiliates (16) (12)
Distributions from unconsolidated affiliates 15 13
Depreciation, amortization and accretion 378 326
Amortization of financing costs and debt discounts 9 7
Amortization of intangibles and out-of-market contracts 101 88
Loss on debt extinguishment 5 0
Reduction in carrying amount of right-of-use assets 8 8
Changes in deferred income taxes (2) 2
Changes in derivative instruments and amortization of accumulated OCI/OCL (53) 22
Proceeds from transferable tax credits 282 0
Changes in other working capital (74) (76)
Net Cash Provided by Operating Activities 615 286
Cash Flows from Investing Activities    
Acquisitions, net of cash acquired (226) (211)
Acquisition of Drop Down Assets, net of cash acquired (81) (77)
Capital expenditures (159) (132)
Payments for equipment deposits and asset purchases from affiliate (112) 0
Return of investment from unconsolidated affiliates 8 10
Investments in unconsolidated affiliates (91) 0
Other 4 12
Net Cash Used in Investing Activities (657) (398)
Cash Flows from Financing Activities    
(Distributions to) contributions from noncontrolling interests, net (119) 380
Proceeds from the issuance of Class C common stock 50 0
Payments of dividends and distributions (190) (176)
Pro-rata distributions to CEG 0 (7)
Buyout of noncontrolling interest (3) 0
Proceeds from the revolving credit facility 60 112
Payments for the revolving credit facility (361) 0
Proceeds from the issuance of long-term debt 1,006 362
Payments of debt issuance costs (27) (7)
Payments for long-term debt (647) (498)
Other (2) (1)
Net Cash (Used in) Provided by Financing Activities (233) 165
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (275) 53
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 818 733
Cash, Cash Equivalents and Restricted Cash at End of Period $ 543 $ 786