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Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
OPERATING REVENUES        
Renewable energy sales $ 203 $ 170 $ 360 $ 294
Texas pipelines service revenues 50 49 105 103
Total operating revenues(a) [1] 253 219 465 397
OPERATING EXPENSES        
Operations and maintenance(b) [2] 89 82 180 157
Depreciation and amortization 66 63 133 124
Taxes other than income taxes and other 9 7 14 13
Total operating expenses - net 164 152 327 294
OPERATING INCOME 89 67 138 103
OTHER INCOME (DEDUCTIONS)        
Interest expense 16 (207) (823) (362)
Equity in earnings of equity method investees 29 9 46 8
Equity in earnings (losses) of non-economic ownership interests 5 (4) (18) (11)
Other - net 1 1 2 2
Total other income (deductions) - net 51 (201) (793) (363)
INCOME (LOSS) BEFORE INCOME TAXES 140 (134) (655) (260)
INCOME TAX EXPENSE (BENEFIT) 13 (10) (62) (16)
NET INCOME (LOSS) 127 (124) (593) (244)
Net income attributable to preferred distributions (2) (6) (4) (12)
Net loss (income) attributable to noncontrolling interests (78) 102 421 207
NET INCOME (LOSS) ATTRIBUTABLE TO NEXTERA ENERGY PARTNERS, LP $ 47 $ (28) $ (176) $ (49)
Earnings (loss) per common unit attributable to NextEra Energy Partners, LP - basic (in dollars per share) $ 0.71 $ (0.49) $ (2.68) $ (0.88)
Earnings (loss) per common unit attributable to NextEra Energy Partners, LP - assuming dilution (in dollars per share) $ 0.69 $ (0.49) $ (2.68) $ (0.88)
Revenue from related parties $ 7 $ 1 $ 11 $ 2
Operations and maintenance related to renewable energy projects 48 47 99 85
Operations and maintenance related to Texas pipelines 11 8 22 21
Operations and maintenance related party $ 34 $ 24 $ 66 $ 48
[1] Includes related party revenues of $7 million and $1 million for the three months ended June 30, 2020 and 2019, respectively, and $11 million and $2 million for the six months ended June 30, 2020 and 2019, respectively.
[2] Includes O&M expenses related to renewable energy projects of $48 million and $47 million for the three months ended June 30, 2020 and 2019, respectively, and $99 million and $85 million for the six months ended June 30, 2020 and 2019, respectively. Includes O&M expenses related to the Texas pipelines of $11 million and $8 million for the three months ended June 30, 2020 and 2019, respectively, and $22 million and $21 million for the six months ended June 30, 2020 and 2019, respectively. Total O&M expenses presented include related party amounts of $34 million and $24 million for the three months ended June 30, 2020 and 2019, respectively, and $66 million and $48 million for the six months ended June 30, 2020 and 2019, respectively.