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Revenue (Tables)
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Disaggregation of Operating Revenues
The disaggregation of our operating revenues for the periods were:
SuccessorPredecessor
Three Months Ended September 30, 2024Three Months Ended September 30, 2023Nine Months Ended September 30, 2024May 18 through September 30, 2023January 1 through May 17, 2023
Capacity revenues$50 $44 $141 $70 $108 
Electricity sales and ancillary services, ISO/RTO351 558 865 688 281 
Physical electricity sales, bilateral contracts, other38 35 124 41 62 
Other revenue from customers20 29 91 44 27 
Total revenue from contracts with customers459 666 1,221 843 478 
Realized and unrealized gain (loss) on derivative instruments119 (150)276 (26)732 
Nuclear PTC and other revenue (a)
72 — 151 — — 
Operating revenues$650 $516 $1,648 $817 $1,210 
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(a)During the nine months ended September 30, 2024, $90 million of estimated Nuclear PTCs were utilized as a credit against our federal income tax payable. See Note 5 for additional information on the tax impact of the Nuclear PTC
Summary of Accounts Receivable, Net
“Accounts receivable, net” presented on the Consolidated Balance Sheets were:
Successor
September 30, 2024December 31, 2023
Customer accounts receivable$50 $52 
Other accounts receivable47 85 
Accounts receivable, net$97 $137 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
As of September 30, 2024 (Successor), the expected future period capacity revenues subject to unsatisfied or partially unsatisfied performance obligations were:
2024 (a)
2025202620272028
Expected capacity revenues$51 $478 $280 $3 $1 
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(a)For the period from October 1 through December 31, 2024.