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CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net Loss	$ (46)	$ (40)
Other Comprehensive Loss
Unrealized loss on derivatives and changes in accumulated OCI, net of income tax benefit, of $—, and $1	(1)	(3)
Other comprehensive loss	(1)	(3)
Comprehensive Loss	(47)	(43)
Less: Comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests	(43)	(42)
Comprehensive Loss Attributable to Clearway Energy, Inc.	$ (4)	$ (1)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

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- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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+ Details

Derivative Instruments and Hedging Activities

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

This footnote should be read in conjunction with the complete description under Item 15 — Note 7, Accounting for Derivative Instruments and Hedging Activities, to the consolidated financial statements included in the Company’s 2023 Form 10-K.

Interest Rate Swaps

The Company enters into interest rate swap agreements in order to hedge the variability of expected future cash interest payments. As of March 31, 2024, the Company had interest rate derivative instruments on non-recourse debt extending through 2040, a portion of which were designated as cash flow hedges. Under the interest rate swap agreements, the Company pays a fixed rate and the counterparties to the agreements pay a variable interest rate.

Energy-Related Commodity Contracts

As of March 31, 2024, the Company had energy-related derivative instruments extending through 2033. At March 31, 2024, these contracts were not designated as cash flow or fair value hedges.

Volumetric Underlying Derivative Transactions

The following table summarizes the net notional volume buy/(sell) of the Company’s open derivative transactions broken out by commodity:


		Total Volume
		March 31, 2024		December 31, 2023
Commodity	Units	(In millions)

Power	MWh	(21)		(23)
Natural Gas	MMBtu	16		17
Interest	Dollars	$	1,610	$	2,467

Fair Value of Derivative Instruments

The following table summarizes the fair value within the derivative instrument valuation on the consolidated balance sheets:


	Fair Value
	Derivative Assets				Derivative Liabilities
	March 31, 2024		December 31, 2023		March 31, 2024		December 31, 2023
	(In millions)
Derivatives Designated as Cash Flow Hedges:
Interest rate contracts current	$	8	$	7	$	—	$	—
Interest rate contracts long-term	17		12		—		2
Total Derivatives Designated as Cash Flow Hedges	$	25	$	19	$	—	$	2
Derivatives Not Designated as Cash Flow Hedges:
Interest rate contracts current	$	38	$	33	$	—	$	—
Interest rate contracts long-term	94		69		—		—
Energy-related commodity contracts current	8		1		52		51
Energy-related commodity contracts long-term	—		1		309		279
Total Derivatives Not Designated as Cash Flow Hedges	$	140	$	104	$	361	$	330
Total Derivatives	$	165	$	123	$	361	$	332

The Company has elected to present derivative assets and liabilities on the balance sheet on a trade-by-trade basis and does not offset amounts at the counterparty level. As of March 31, 2024 and December 31, 2023, the amount of outstanding collateral paid or received was immaterial. The following tables summarize the offsetting of derivatives by counterparty:


	Gross Amounts Not Offset in the Statement of Financial Position
As of March 31, 2024	Gross Amounts of Recognized Assets/Liabilities		Derivative Instruments		Net Amount
Energy-related commodity contracts	(In millions)
Derivative assets	$	8	$	—	$	8
Derivative liabilities	(361)		—		(361)
Total energy-related commodity contracts	$	(353)	$	—	$	(353)
Interest rate contracts
Derivative assets	$	157	$	—	$	157

Total interest rate contracts	$	157	$	—	$	157
Total derivative instruments	$	(196)	$	—	$	(196)


	Gross Amounts Not Offset in the Statement of Financial Position
As of December 31, 2023	Gross Amounts of Recognized Assets/Liabilities		Derivative Instruments		Net Amount
Energy-related commodity contracts	(In millions)
Derivative assets	$	2	$	—	$	2
Derivative liabilities	(330)		—		(330)
Total energy-related commodity contracts	$	(328)	$	—	$	(328)
Interest rate contracts
Derivative assets	$	121	$	(2)	$	119
Derivative liabilities	(2)		2		—
Total interest rate contracts	$	119	$	—	$	119
Total derivative instruments	$	(209)	$	—	$	(209)

Accumulated Other Comprehensive Income

The following table summarizes the effects on the Company’s accumulated OCI balance attributable to interest rate swaps designated as cash flow hedge derivatives, net of tax:


	Three months ended March 31,
			2024		2023
		(In millions)
Accumulated OCI beginning balance			$	18	$	24
Reclassified from accumulated OCI to income due to realization of previously deferred amounts			(1)		—

Mark-to-market of cash flow hedge accounting contracts			—		(3)
Accumulated OCI ending balance, net of income tax expense of $2 and $2, respectively			17		21
Accumulated OCI attributable to noncontrolling interests			12		13
Accumulated OCI attributable to Clearway Energy, Inc.			$	5	$	8
Gains expected to be realized from OCI during the next 12 months, net of income tax expense of $2			$	4

Amounts reclassified from accumulated OCI into income are recorded to interest expense.

Impact of Derivative Instruments on the Consolidated Statements of Operations

Mark-to-market gains/(losses) related to the Company’s derivatives are recorded in the consolidated statements of operations as follows:


	Three months ended March 31,
			2024		2023
		(In millions)
Interest Rate Contracts (Interest expense)			$	23	$	(21)
Energy-Related Commodity Contracts (Mark-to-market for economic hedging activities) (a)			(23)		18
Energy-Related Commodity Contracts (Mark-to-market for economic hedging activities included in Cost of operations) (b)			(2)		—

(a) Relates to long-term energy related commodity contracts at Elbow Creek, Mesquite Star, Mt. Storm, Langford and Mesquite Sky and short-term heat rate call option energy-related commodity contracts at El Segundo, Marsh Landing and Walnut Creek.

(b) Relates to long-term backbone transportation service energy-related commodity contracts at El Segundo and Walnut Creek.

See Note 5, Fair Value of Financial Instruments, for a discussion regarding concentration of credit risk.

Loss Per Share - Schedule of Reconciliation of Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Basic and diluted loss per share attributable to Clearway Energy, Inc. common stockholders
Net loss attributable to Clearway Energy, Inc.	$ (2)	$ 0
Common Class A
Basic and diluted loss per share attributable to Clearway Energy, Inc. common stockholders
Net loss attributable to Clearway Energy, Inc.	$ (1)	$ 0
Weighted average number of common shares outstanding - basic (in shares)	35	35
Weighted average number of common shares outstanding - diluted (in shares)	35	35
Loss per weighted average common share — basic (in dollars per share)	$ (0.02)	$ 0
Loss per weighted average common share — diluted (in dollars per share)	$ (0.02)	$ 0
Common Class C
Basic and diluted loss per share attributable to Clearway Energy, Inc. common stockholders
Net loss attributable to Clearway Energy, Inc.	$ (1)	$ 0
Weighted average number of common shares outstanding - basic (in shares)	82	82
Weighted average number of common shares outstanding - diluted (in shares)	82	82
Loss per weighted average common share — basic (in dollars per share)	$ (0.02)	$ 0
Loss per weighted average common share — diluted (in dollars per share)	$ (0.02)	$ 0

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions In addition to the transactions and relationships described elsewhere in the notes to the consolidated financial statements, certain subsidiaries of CEG provide services to the Company and its subsidiaries. Amounts due to CEG subsidiaries are recorded as accounts payable — affiliates and amounts due to the Company from CEG subsidiaries are recorded as accounts receivable — affiliates in the Company’s consolidated balance sheets. The disclosures below summarize the Company’s material related party transactions with CEG and its subsidiaries that are included in the Company’s operating costs. O&M Services Agreements by and between the Company and Clearway Renewable Operation & Maintenance LLC Various wholly-owned subsidiaries of the Company in the Renewables segment are party to services agreements with Clearway Renewable Operation & Maintenance LLC, or RENOM, a wholly-owned subsidiary of CEG, which provides operation and maintenance, or O&M, services to these subsidiaries. The Company incurred total expenses for these services of $19 million and $17 million for the three months ended March 31, 2024 and 2023, respectively. There was a balance of $10 million and $13 million due to RENOM as of March 31, 2024 and December 31, 2023, respectively. Administrative Services Agreements by and between the Company and CEG Various wholly-owned subsidiaries of the Company are parties to services agreements with Clearway Asset Services LLC and Solar Asset Management LLC, two wholly-owned subsidiaries of CEG, which provide various administrative services to the Company's subsidiaries. The Company incurred expenses under these agreements of $6 million and $4 million for the three months ended March 31, 2024, and 2023, respectively. There was a balance of $2 million due to CEG for each of the periods ended March 31, 2024 and December 31, 2023. CEG Master Services Agreement The Company is a party to the CEG Master Services Agreement, pursuant to which CEG and certain of its affiliates or third-party service providers provide certain services to the Company, including operational and administrative services, which include human resources, information systems, cybersecurity, external affairs, accounting, procurement and risk management services, and the Company provides certain services to CEG, including accounting, internal audit, tax and treasury services, in exchange for the payment of fees in respect of such services. The Company incurred net expenses under these agreements of $1 million for each of the three months ended March 31, 2024 and 2023. On April 30, 2024, the CEG Master Services Agreement was amended and restated as a result of a reorganization effected by the Company pursuant to which all of the employees and operations of the Company will transfer to CEG as of January 1, 2025. Under the amended and restated agreement, CEG and certain of its affiliates or third-party service providers will continue to provide the operational and administrative services outlined above, and, effective January 1, 2025, CEG will also provide accounting, internal audit, tax, legal and treasury services, in exchange for payment of fees in respect of such services. Certain independent functions will be directed by the Company’s Governance, Conflicts and Nominating Committee and paid for by the Company, while being administered by CEG.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Derivative Instruments and Hedging Activities - Impact to Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	$ (1)	$ (3)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	23	(21)
Energy-Related Commodity Contracts - Operating Revenue
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	(23)	18
Energy-Related Commodity Contracts - Cost of Operation
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives, net of tax	$ (2)	$ 0

- Definition

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

+ References + Details

Segment Reporting (Details) - USD ($) $ in Millions	3 Months Ended
Segment Reporting (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Operating revenues	$ 263	$ 288
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	126	108
Depreciation, amortization and accretion	154	128
General and administrative	11	10
Transaction and integration costs	1	0
Operating income (loss)	(29)	42
Equity in earnings of unconsolidated affiliates	12	(3)
Other income, net	16	8
Loss on debt extinguishment	(1)	0
Interest expense	(57)	(99)
Income (loss) before income taxes	(59)	(52)
Income tax benefit	(13)	(12)
Net Loss	(46)	(40)
Total Assets	14,862		$ 14,701
Operating Segments
Segment Reporting Information [Line Items]
Operating revenues	263	288
Operating Segments \| Conventional Generation
Segment Reporting Information [Line Items]
Operating revenues	95	95
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	42	29
Depreciation, amortization and accretion	32	33
General and administrative	0	0
Transaction and integration costs	0
Operating income (loss)	21	33
Equity in earnings of unconsolidated affiliates	1	1
Other income, net	1	1
Loss on debt extinguishment	0
Interest expense	(7)	(11)
Income (loss) before income taxes	16	24
Income tax benefit	0	0
Net Loss	16	24
Total Assets	2,049
Operating Segments \| Renewables
Segment Reporting Information [Line Items]
Operating revenues	168	193
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	85	79
Depreciation, amortization and accretion	122	95
General and administrative	0	0
Transaction and integration costs	0
Operating income (loss)	(39)	19
Equity in earnings of unconsolidated affiliates	11	(4)
Other income, net	10	1
Loss on debt extinguishment	(1)
Interest expense	(25)	(64)
Income (loss) before income taxes	(44)	(48)
Income tax benefit	0	0
Net Loss	(44)	(48)
Total Assets	12,448
Corporate
Segment Reporting Information [Line Items]
Operating revenues	0	0
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	(1)	0
Depreciation, amortization and accretion	0	0
General and administrative	11	10
Transaction and integration costs	1
Operating income (loss)	(11)	(10)
Equity in earnings of unconsolidated affiliates	0	0
Other income, net	5	6
Loss on debt extinguishment	0
Interest expense	(25)	(24)
Income (loss) before income taxes	(31)	(28)
Income tax benefit	(13)	(12)
Net Loss	(18)	$ (16)
Total Assets	$ 365

Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Net Notional Volume Buy/(Sell) of NRG Yield's Open Derivative Transactions Broken Out by Commodity

The following table summarizes the net notional volume buy/(sell) of the Company’s open derivative transactions broken out by commodity:


		Total Volume
		March 31, 2024		December 31, 2023
Commodity	Units	(In millions)

Power	MWh	(21)		(23)
Natural Gas	MMBtu	16		17
Interest	Dollars	$	1,610	$	2,467

Schedule of Fair Value Within the Derivative Instrument Valuation on the Balance Sheets

The following table summarizes the fair value within the derivative instrument valuation on the consolidated balance sheets:


	Fair Value
	Derivative Assets				Derivative Liabilities
	March 31, 2024		December 31, 2023		March 31, 2024		December 31, 2023
	(In millions)
Derivatives Designated as Cash Flow Hedges:
Interest rate contracts current	$	8	$	7	$	—	$	—
Interest rate contracts long-term	17		12		—		2
Total Derivatives Designated as Cash Flow Hedges	$	25	$	19	$	—	$	2
Derivatives Not Designated as Cash Flow Hedges:
Interest rate contracts current	$	38	$	33	$	—	$	—
Interest rate contracts long-term	94		69		—		—
Energy-related commodity contracts current	8		1		52		51
Energy-related commodity contracts long-term	—		1		309		279
Total Derivatives Not Designated as Cash Flow Hedges	$	140	$	104	$	361	$	330
Total Derivatives	$	165	$	123	$	361	$	332

Schedule of Offsetting of Derivatives by Counterparty Master Agreement Level and Collateral Received or Paid

The following tables summarize the offsetting of derivatives by counterparty:


	Gross Amounts Not Offset in the Statement of Financial Position
As of March 31, 2024	Gross Amounts of Recognized Assets/Liabilities		Derivative Instruments		Net Amount
Energy-related commodity contracts	(In millions)
Derivative assets	$	8	$	—	$	8
Derivative liabilities	(361)		—		(361)
Total energy-related commodity contracts	$	(353)	$	—	$	(353)
Interest rate contracts
Derivative assets	$	157	$	—	$	157

Total interest rate contracts	$	157	$	—	$	157
Total derivative instruments	$	(196)	$	—	$	(196)


	Gross Amounts Not Offset in the Statement of Financial Position
As of December 31, 2023	Gross Amounts of Recognized Assets/Liabilities		Derivative Instruments		Net Amount
Energy-related commodity contracts	(In millions)
Derivative assets	$	2	$	—	$	2
Derivative liabilities	(330)		—		(330)
Total energy-related commodity contracts	$	(328)	$	—	$	(328)
Interest rate contracts
Derivative assets	$	121	$	(2)	$	119
Derivative liabilities	(2)		2		—
Total interest rate contracts	$	119	$	—	$	119
Total derivative instruments	$	(209)	$	—	$	(209)

Summary of Effects of NRG Yield's Accumulated OCI Balance Attributable to Interest Rate Swaps Designated as Cash Flow Hedge Derivatives, Net of Tax

The following table summarizes the effects on the Company’s accumulated OCI balance attributable to interest rate swaps designated as cash flow hedge derivatives, net of tax:


	Three months ended March 31,
			2024		2023
		(In millions)
Accumulated OCI beginning balance			$	18	$	24
Reclassified from accumulated OCI to income due to realization of previously deferred amounts			(1)		—

Mark-to-market of cash flow hedge accounting contracts			—		(3)
Accumulated OCI ending balance, net of income tax expense of $2 and $2, respectively			17		21
Accumulated OCI attributable to noncontrolling interests			12		13
Accumulated OCI attributable to Clearway Energy, Inc.			$	5	$	8
Gains expected to be realized from OCI during the next 12 months, net of income tax expense of $2			$	4

Schedule of Derivative Gains and Losses

Mark-to-market gains/(losses) related to the Company’s derivatives are recorded in the consolidated statements of operations as follows:


	Three months ended March 31,
			2024		2023
		(In millions)
Interest Rate Contracts (Interest expense)			$	23	$	(21)
Energy-Related Commodity Contracts (Mark-to-market for economic hedging activities) (a)			(23)		18
Energy-Related Commodity Contracts (Mark-to-market for economic hedging activities included in Cost of operations) (b)			(2)		—

(b) Relates to long-term backbone transportation service energy-related commodity contracts at El Segundo and Walnut Creek.

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Loss before income taxes	$ (59)	$ (52)
Income tax benefit	$ (13)	$ (12)
Effective income tax rate	22.00%	23.10%

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 25
-Paragraph 1
-SubTopic 20
-Topic 940
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481913/940-20-25-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	May 09, 2024	Mar. 31, 2024	Dec. 31, 2023
Cash and Cash Equivalents [Line Items]
Restricted cash, current		$ 485	$ 516
Project Level Subsidiaries
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents, held at project subsidiaries		141	$ 125
Common Class A \| Subsequent Event
Cash and Cash Equivalents [Line Items]
Common stock, dividends, per share, declared (in dollars per share)	$ 0.4102
Common Class C \| Subsequent Event
Cash and Cash Equivalents [Line Items]
Common stock, dividends, per share, declared (in dollars per share)	0.4102
Common Class B \| Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution made to limited liability (LLC) member, distributions declared, per unit (in dollars per share)	0.4102
Common Class D \| Subsequent Event
Cash and Cash Equivalents [Line Items]
Distribution made to limited liability (LLC) member, distributions declared, per unit (in dollars per share)	$ 0.4102
Long Term Debt Current
Cash and Cash Equivalents [Line Items]
Restricted cash, current		187
Debt Service Obligations
Cash and Cash Equivalents [Line Items]
Restricted cash, current		87
Cash Distribution
Cash and Cash Equivalents [Line Items]
Restricted cash, current		38
Operating Funds
Cash and Cash Equivalents [Line Items]
Restricted cash		173
Restricted cash, current		$ 173

Income Taxes (Tables)

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of the U.S. Federal Statutory Rate to the Company's Effective Rate

The income tax provision consisted of the following amounts:


	Three months ended March 31,
			2024			2023
		(In millions, except percentages)
Loss before income taxes			$	(59)		$	(52)
Income tax benefit			(13)			(12)
Effective income tax rate			22.0		%	23.1		%

Summary of Significant Accounting Policies - Disaggregated Revenues (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Operating revenues	$ 263	$ 288
Total operating revenues	$ 263	$ 288
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Total operating revenues	Total operating revenues
Operating Segments
Disaggregation of Revenue [Line Items]
Operating revenues	$ 263	$ 288
Contract amortization	(46)	(47)
Mark-to-market for economic hedges	(22)	19
Total operating revenues	263	288
Less: Mark-to-market for economic hedges	22	(19)
Less: Lease revenue	(206)	(257)
Less: Contract amortization	46	47
Total revenue from contracts with customers	125	59
Total	206	257
Operating Segments \| Conventional Generation
Disaggregation of Revenue [Line Items]
Operating revenues	95	95
Contract amortization	(5)	(6)
Mark-to-market for economic hedges	13	0
Total operating revenues	95	95
Less: Mark-to-market for economic hedges	(13)	0
Less: Lease revenue	(29)	(101)
Less: Contract amortization	5	6
Total revenue from contracts with customers	58	0
Total	29	101
Operating Segments \| Renewables
Disaggregation of Revenue [Line Items]
Operating revenues	168	193
Contract amortization	(41)	(41)
Mark-to-market for economic hedges	(35)	19
Total operating revenues	168	193
Less: Mark-to-market for economic hedges	35	(19)
Less: Lease revenue	(177)	(156)
Less: Contract amortization	41	41
Total revenue from contracts with customers	67	59
Total	177	156
Operating Segments \| Energy revenue
Disaggregation of Revenue [Line Items]
Operating revenues	243	199
Total operating revenues	243	199
Less: Lease revenue	(170)	(153)
Total	170	153
Operating Segments \| Energy revenue \| Conventional Generation
Disaggregation of Revenue [Line Items]
Operating revenues	22	1
Total operating revenues	22	1
Less: Lease revenue	(1)	(1)
Total	1	1
Operating Segments \| Energy revenue \| Renewables
Disaggregation of Revenue [Line Items]
Operating revenues	221	198
Total operating revenues	221	198
Less: Lease revenue	(169)	(152)
Total	169	152
Operating Segments \| Capacity revenue
Disaggregation of Revenue [Line Items]
Operating revenues	72	105
Total operating revenues	72	105
Less: Lease revenue	(36)	(104)
Total	36	104
Operating Segments \| Capacity revenue \| Conventional Generation
Disaggregation of Revenue [Line Items]
Operating revenues	63	100
Total operating revenues	63	100
Less: Lease revenue	(28)	(100)
Total	28	100
Operating Segments \| Capacity revenue \| Renewables
Disaggregation of Revenue [Line Items]
Operating revenues	9	5
Total operating revenues	9	5
Less: Lease revenue	(8)	(4)
Total	8	4
Operating Segments \| Other revenue
Disaggregation of Revenue [Line Items]
Operating revenues	16	12
Total operating revenues	16	12
Operating Segments \| Other revenue \| Conventional Generation
Disaggregation of Revenue [Line Items]
Operating revenues	2	0
Total operating revenues	2	0
Operating Segments \| Other revenue \| Renewables
Disaggregation of Revenue [Line Items]
Operating revenues	14	12
Total operating revenues	$ 14	$ 12

Income Taxes

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Effective Tax Rate

The income tax provision consisted of the following amounts:


	Three months ended March 31,
			2024			2023
		(In millions, except percentages)
Loss before income taxes			$	(59)		$	(52)
Income tax benefit			(13)			(12)
Effective income tax rate			22.0		%	23.1		%

For each of the three months ended March 31, 2024 and 2023, the overall effective tax rate was different than the statutory rate of 21% primarily due to the allocation of taxable earnings and losses based on the partners’ interest in Clearway Energy LLC, which includes the effects of applying the HLBV method of accounting for book purposes for certain partnerships.

For tax purposes, Clearway Energy LLC is treated as a partnership; therefore, the Company and CEG each record their respective share of taxable income or loss.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Unrealized loss on derivatives, income tax expense	$ 0	$ (1)

Summary of Significant Accounting Policies - Contract Balances (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable, net	$ 184	$ 171
Accounts receivable, net - Contracts with customers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable, net	62	66
Accounts receivable, net - Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable, net	$ 122	$ 105

Derivative Instruments and Hedging Activities - Summary of Offsetting of Derivatives by Counterparty Master Agreement Level (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative assets, gross	$ 165	$ 123
Derivative liabilities, gross	(361)	(332)
Fair value of gross derivative assets/(liabilities), net	(196)	(209)
Derivative instruments	0	0
Net amount	(196)	(209)
Energy-related commodity contracts
Derivatives, Fair Value [Line Items]
Derivative assets, gross	8	2
Derivative instruments, assets	0	0
Net amount	8	2
Derivative liabilities, gross	(361)	(330)
Derivative instruments, liabilities	0	0
Derivative liability, Net Amount	(361)	(330)
Fair value of gross derivative assets/(liabilities), net	(353)	(328)
Derivative instruments	0	0
Net amount	(353)	(328)
Interest rate contracts
Derivatives, Fair Value [Line Items]
Derivative assets, gross	157	121
Derivative instruments, assets	0	(2)
Net amount	157	119
Derivative liabilities, gross		(2)
Derivative instruments, liabilities		2
Derivative liability, Net Amount		0
Fair value of gross derivative assets/(liabilities), net	157	119
Derivative instruments	0	0
Net amount	$ 157	$ 119

Long-term Debt

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Long-term Debt

This note should be read in conjunction with the complete description under Item 15 — Note 10, Long-term Debt, to the consolidated financial statements included in the Company’s 2023 Form 10-K. The Company’s borrowings, including short-term and long-term portions, consisted of the following:


(In millions, except rates)	March 31, 2024		December 31, 2023		March 31, 2024 interest rate % (a)	Letters of Credit Outstanding at March 31, 2024


2028 Senior Notes	$	850	$	850	4.750
2031 Senior Notes	925		925		3.750
2032 Senior Notes	350		350		3.750
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 (b)	—		—		S+1.850	$	228

Non-recourse facility-level debt:
Agua Caliente Solar LLC, due 2037	607		612		2.395-3.633	14
Alta Wind Asset Management LLC, due 2031	11		11		S+2.775	—
Alta Wind I-V lease financing arrangements, due 2034 and 2035	660		660		5.696-7.015	67
Alta Wind Realty Investments LLC, due 2031	19		20		7.000	—
Borrego, due 2024 and 2038	48		48		Various	4
Broken Bow, due 2031	40		41		S+2.100	6
Buckthorn Solar, due 2025	116		116		S+2.100	20

Carlsbad Energy Holdings LLC, due 2027	92		93		S+1.900	73
Carlsbad Energy Holdings LLC, due 2038	407		407		4.120	—
Carlsbad Holdco, LLC, due 2038	195		195		4.210	5
Cedro Hill, due 2024 and 2029	168		165		S+1.375	—
Crofton Bluffs, due 2031	26		27		S+2.100	3
CVSR, due 2037	585		601		2.339-3.775	—
CVSR Holdco Notes, due 2037	143		152		4.680	12
Daggett 2, due 2028	156		156		S+1.762	32
Daggett 3, due 2028	217		217		S+1.762	44
DG-CS Master Borrower LLC, due 2040	378		385		3.510	29









Mililani Class B Member Holdco LLC, due 2028	92		92		S+1.600	18
NIMH Solar, due 2024	146		148		S+2.275	12
Oahu Solar Holdings LLC, due 2026	80		81		S+1.525	10

Rosie Class B LLC, due 2024 and 2029	353		347		S+1.250-1.375	26
Texas Solar Nova 1, due 2028 (c)	—		102		S+1.750	—
TSN1 Class B Member LLC, due 2029 (c)	182		—		S+1.750	88
Utah Solar Holdings, due 2036	242		242		3.590	155

Viento Funding II, LLC, due 2029	171		175		S+1.475	27
Victory Pass and Arica, due 2024	819		757		S+1.125	—
Other	123		124		Various	73
Subtotal non-recourse facility-level debt	6,076		5,974
Total debt	8,201		8,099
Less current maturities	(565)		(558)
Less net debt issuance costs	(60)		(65)
Add premiums (d)	3		3
Total long-term debt	$	7,579	$	7,479

(a) As of March 31, 2024, S+ equals SOFR plus x%.

(b) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement.

(c) On March 15, 2024, Texas Solar Nova 1’s financing agreement was amended to merge the facility-level debt of Texas Solar Nova 1 and Texas Solar Nova 2 as a combined term loan under TSN1 Class B Member LLC.

(d) Premiums relate to the 2028 Senior Notes.

The financing arrangements listed above contain certain covenants, including financial covenants that the Company is required to be in compliance with during the term of the respective arrangement. As of March 31, 2024, the Company was in compliance with all of the required covenants.

The discussion below describes material changes to or additions of long-term debt for the three months ended March 31, 2024.

Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility

As of March 31, 2024, the Company had no outstanding borrowings under the revolving credit facility and $228 million in letters of credit outstanding.

Facility-level Debt

Victory Pass and Arica

On May 1, 2024, when the Victory Pass and Arica solar and BESS facilities reached substantial completion, the Company paid $165 million to Clearway Renew as an additional purchase price, in connection with the Company’s acquisition of the Class A membership interests in VP-Arica TargetCo LLC on October 31, 2023, which was funded with existing sources of liquidity. During the three months ended March 31, 2024, the Company borrowed an additional $62 million in tax equity bridge loans. Also on May 1, 2024, the cash equity investor contributed an additional $347 million, the tax equity investor contributed an additional $410 million and CEG contributed $52 million, which were utilized, along with the $103 million in escrow, to repay the $351 million cash equity bridge loan, to repay the $468 million tax equity bridge loan, to fund $75 million in construction completion reserves and to pay $18 million in associated fees.

Texas Solar Nova 1 and Texas Solar Nova 2

On March 15, 2024, as part of the acquisition of Texas Solar Nova 2, as further described in Note 3, Acquisitions, the Company assumed the facility’s financing agreement, which included an $80 million term loan and a $115 million tax equity bridge loan, offset by $1 million in unamortized debt issuance costs. At acquisition date, the tax equity investor contributed $130 million, which was utilized, along with $9 million of the Company’s purchase price that was contributed back by CEG, to repay the $115 million tax equity bridge loan, to fund $19 million in construction completion reserves, which is included in restricted cash on the Company’s consolidated balance sheet, and to pay $4 million in associated fees.

Additionally, on March 15, 2024, Texas Solar Nova 1’s financing agreement was amended to merge the Texas Solar Nova 1 and Texas Solar Nova 2 term loans as a combined term loan under TSN1 Class B Member LLC that matures on March 15, 2029.

Summary of Significant Accounting Policies - Accumulated Depreciation, Accumulated Amortization (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Property, Plant and Equipment Accumulated Depreciation	$ 3,633	$ 3,485
Intangible Assets Accumulated Amortization	$ 1,055	$ 1,009

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows from Operating Activities
Net Loss	$ (46)	$ (40)
Adjustments to reconcile net loss to net cash provided by operating activities:
Equity in (earnings) losses of unconsolidated affiliates	(12)	3
Distributions from unconsolidated affiliates	9	6
Depreciation, amortization and accretion	154	128
Amortization of financing costs and debt discounts	4	3
Amortization of intangibles	46	47
Loss on debt extinguishment	1	0
Reduction in carrying amount of right-of-use assets	4	4
Changes in deferred income taxes	(10)	(11)
Changes in derivative instruments and amortization of accumulated OCI	2	3
Cash used in changes in other working capital:
Changes in prepaid and accrued liabilities for tolling agreements	(10)	(39)
Changes in other working capital	(61)	(29)
Net Cash Provided by Operating Activities	81	75
Cash Flows from Investing Activities
Acquisition of Drop Down Assets, net of cash acquired	(111)	(7)
Capital expenditures	(98)	(88)
Return of investment from unconsolidated affiliates	4	9
Other	2	0
Net Cash Used in Investing Activities	(203)	(86)
Cash Flows from Financing Activities
Contributions from noncontrolling interests, net of distributions	207	273
Payments of dividends and distributions	(81)	(76)
Proceeds from the issuance of long-term debt	74	42
Payments of debt issuance costs	0	(7)
Payments for long-term debt	(166)	(204)
Net Cash Provided by Financing Activities	34	28
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash	(88)	17
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	1,051	996
Cash, Cash Equivalents and Restricted Cash at End of Period	$ 963	$ 1,013

Fair Value of Financial Instruments - Recurring Fair Value (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	$ 165		$ 123
Derivative Liabilities	361		332
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in unrealized losses included in earnings for derivatives and other financial instruments held as of March 31, 2024	$ (1)	$ (3)
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Derivative instruments	Derivative instruments
El Segundo, Marsh Landing and Walnut Creek Notes \| Call Option
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of long term debt	$ 361		325
Fair value of short term debt	0		5
Fair Value, Recurring
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Ending balance	(339)	$ (316)
Change in unrealized losses included in earnings for derivatives and other financial instruments held as of March 31, 2024	(21)
Level 2 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	157		123
Derivative Liabilities	0		2
Level 3 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	22		13
Derivative Liabilities	361		330
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	(317)	(336)
Settlements	(1)	4
Total (losses) gains for the period included in earnings	(21)	16
Energy-related commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	8		2
Derivative Liabilities	361		330
Energy-related commodity contracts \| Level 2 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	0		2
Derivative Liabilities	0		0
Energy-related commodity contracts \| Level 3 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	8		0
Derivative Liabilities	361		330
Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	157		121
Derivative Liabilities			2
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in unrealized losses included in earnings for derivatives and other financial instruments held as of March 31, 2024	23	$ (21)
Interest rate contracts \| Level 2 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	157		121
Derivative Liabilities	0		2
Interest rate contracts \| Level 3 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	0		0
Derivative Liabilities	0		0
Other Financial Instruments \| Level 2 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	0		0
Other Financial Instruments \| Level 3 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	$ 14		$ 13

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the SEC’s regulations for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The following notes should be read in conjunction with the accounting policies and other disclosures as set forth in the notes to the consolidated financial statements included in the Company’s 2023 Form 10-K. Interim results are not necessarily indicative of results for a full year. In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all material adjustments consisting of normal and recurring accruals necessary to present fairly the Company’s consolidated financial position as of March 31, 2024, and results of operations, comprehensive loss and cash flows for the three months ended March 31, 2024 and 2023.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amounts of net earnings during the reporting periods. Actual results could be different from these estimates.
Cash and Cash Equivalents	Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include highly liquid investments with an original maturity of three months or less at the time of purchase.
Restricted Cash	Restricted cash consists primarily of funds held to satisfy the requirements of certain debt agreements and funds held within the Company’s facilities that are restricted in their use.
Concentration of Credit Risk	Concentration of Credit Risk In addition to the credit risk discussion as disclosed under Item 15 — Note 2, Summary of Significant Accounting Policies, to the consolidated financial statements included in the Company’s 2023 Form 10-K, the following item is a discussion of the concentration of credit risk for the Company’s financial instruments. Credit risk relates to the risk of loss resulting from non-performance or non-payment by counterparties pursuant to the terms of their contractual obligations. The Company monitors and manages credit risk through credit policies that include: (i) an established credit approval process; (ii) monitoring of counterparties’ credit limits on an as needed basis; (iii) as applicable, the use of credit mitigation measures such as margin, collateral, prepayment arrangements, or volumetric limits; (iv) the use of payment netting agreements; and (v) the use of master netting agreements that allow for the netting of positive and negative exposures of various contracts associated with a single counterparty. Risks surrounding counterparty performance and credit could ultimately impact the amount and timing of expected cash flows. The Company seeks to mitigate counterparty risk by having a diversified portfolio of counterparties. Counterparty credit exposure includes credit risk exposure under certain long-term agreements, including solar and other PPAs. As external sources or observable market quotes are not available to estimate such exposure, the Company estimates the exposure related to these contracts based on various techniques including, but not limited to, internal models based on a fundamental analysis of the market and extrapolation of observable market data with similar characteristics. A significant portion of these energy-related commodity contracts are with utilities with strong credit quality and public utility commission or other regulatory support. However, such regulated utility counterparties can be impacted by changes in government regulations or adverse financial conditions, which the Company is unable to predict. Certain subsidiaries of the Company sell the output of their facilities to PG&E, a significant counterparty of the Company, under long-term PPAs, and PG&E’s credit rating is below investment-grade.

Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic

The reconciliation of the Company’s basic and diluted loss per share is shown in the following table:


	Three months ended March 31,
	2024				2023
(In millions, except per share data) (a)	Common Class A		Common Class C		Common Class A		Common Class C
Basic and diluted loss per share attributable to Clearway Energy, Inc. common stockholders
Net loss attributable to Clearway Energy, Inc.	$	(1)	$	(1)	$	—	$	—
Weighted average number of common shares outstanding — basic and diluted	35		82		35		82
Loss per weighted average common share — basic and diluted	$	(0.02)	$	(0.02)	$	—	$	—

(a) Net loss attributable to Clearway Energy, Inc. and basic and diluted loss per share might not recalculate due to presenting amounts in millions rather than whole dollars.

Schedule of Earnings Per Share, Diluted

The reconciliation of the Company’s basic and diluted loss per share is shown in the following table:


	Three months ended March 31,
	2024				2023
(In millions, except per share data) (a)	Common Class A		Common Class C		Common Class A		Common Class C
Basic and diluted loss per share attributable to Clearway Energy, Inc. common stockholders
Net loss attributable to Clearway Energy, Inc.	$	(1)	$	(1)	$	—	$	—
Weighted average number of common shares outstanding — basic and diluted	35		82		35		82
Loss per weighted average common share — basic and diluted	$	(0.02)	$	(0.02)	$	—	$	—

(a) Net loss attributable to Clearway Energy, Inc. and basic and diluted loss per share might not recalculate due to presenting amounts in millions rather than whole dollars.

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net loss attributable to Clearway Energy, Inc.	$ (2)	$ 0

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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Reference 32: http://www.xbrl.org/2003/role/exampleRef
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-Paragraph 31
-Publisher FASB
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Reference 33: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 32
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Reference 34: http://www.xbrl.org/2003/role/disclosureRef
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Reference 36: http://www.xbrl.org/2003/role/disclosureRef
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Reference 37: http://www.xbrl.org/2003/role/disclosureRef
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Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
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Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Nature of Business	3 Months Ended
Nature of Business	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Nature of Business Clearway Energy, Inc., together with its consolidated subsidiaries, or the Company, is a publicly-traded energy infrastructure investor with a focus on investments in clean energy and owner of modern, sustainable and long-term contracted assets across North America. The Company is sponsored by GIP and TotalEnergies through the portfolio company, Clearway Energy Group LLC, or CEG, which is equally owned by GIP and TotalEnergies. GIP is an independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. TotalEnergies is a global multi-energy company. CEG is a leading developer of renewable energy infrastructure in the U.S. The Company is one of the largest renewable energy owners in the U.S. with approximately 6,200 net MW of installed wind, solar and battery energy storage system, or BESS, facilities. The Company’s approximately 8,700 net MW of assets also includes approximately 2,500 net MW of environmentally-sound, highly efficient natural gas-fired generation facilities. Through this environmentally-sound, diversified and primarily contracted portfolio, the Company endeavors to provide its investors with stable and growing dividend income. The majority of the Company’s revenues are derived from long-term contractual arrangements for the output or capacity from these assets. The Company consolidates the results of Clearway Energy LLC through its controlling interest, with CEG’s interest shown as noncontrolling interest in the consolidated financial statements. The holders of the Company’s outstanding shares of Class A and Class C common stock are entitled to dividends as declared. CEG receives its distributions from Clearway Energy LLC through its ownership of Clearway Energy LLC Class B and Class D units. From time to time, CEG may also hold shares of the Company’s Class A and/or Class C common stock. As of March 31, 2024, the Company owned 57.90% of the economic interests of Clearway Energy LLC, with CEG owning 42.10% of the economic interests of Clearway Energy LLC. The following table represents a summarized structure of the Company as of March 31, 2024: Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the SEC’s regulations for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The following notes should be read in conjunction with the accounting policies and other disclosures as set forth in the notes to the consolidated financial statements included in the Company’s 2023 Form 10-K. Interim results are not necessarily indicative of results for a full year. In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all material adjustments consisting of normal and recurring accruals necessary to present fairly the Company’s consolidated financial position as of March 31, 2024, and results of operations, comprehensive loss and cash flows for the three months ended March 31, 2024 and 2023.

Loss Per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Loss Per Share

Basic loss per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. Shares issued during the year are weighted for the portion of the year that they were outstanding. Diluted loss per share is computed in a manner consistent with that of basic losses per share while giving effect to all potentially dilutive common shares that were outstanding during the period.

The reconciliation of the Company’s basic and diluted loss per share is shown in the following table:


	Three months ended March 31,
	2024				2023
(In millions, except per share data) (a)	Common Class A		Common Class C		Common Class A		Common Class C
Basic and diluted loss per share attributable to Clearway Energy, Inc. common stockholders
Net loss attributable to Clearway Energy, Inc.	$	(1)	$	(1)	$	—	$	—
Weighted average number of common shares outstanding — basic and diluted	35		82		35		82
Loss per weighted average common share — basic and diluted	$	(0.02)	$	(0.02)	$	—	$	—

(a) Net loss attributable to Clearway Energy, Inc. and basic and diluted loss per share might not recalculate due to presenting amounts in millions rather than whole dollars.

Nature of Business (Tables)	3 Months Ended
Nature of Business (Tables)	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Company Structure	The following table represents a summarized structure of the Company as of March 31, 2024:

Long-term Debt - Schedule of Debt (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total debt	$ 8,201	$ 8,099
Less current maturities	(565)	(558)
Less net debt issuance costs	(60)	(65)
Add premiums	3	3
Total long-term debt	7,579	7,479
2028 Senior Notes
Debt Instrument [Line Items]
Total debt	$ 850	850
Interest rate, percentage	4.75%
2031 Senior Notes
Debt Instrument [Line Items]
Total debt	$ 925	925
Interest rate, percentage	3.75%
2032 Senior Notes
Debt Instrument [Line Items]
Total debt	$ 350	350
Interest rate, percentage	3.75%
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028
Debt Instrument [Line Items]
Total debt	$ 0	0
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	1.85%
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 228
Agua Caliente Solar LLC, due 2037
Debt Instrument [Line Items]
Total debt	$ 607	612
Agua Caliente Solar LLC, due 2037 \| Minimum
Debt Instrument [Line Items]
Interest rate, percentage	2.395%
Agua Caliente Solar LLC, due 2037 \| Maximum
Debt Instrument [Line Items]
Interest rate, percentage	3.633%
Agua Caliente Solar LLC, due 2037 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 14
Alta Wind Asset Management LLC, due 2031
Debt Instrument [Line Items]
Total debt	$ 11	11
Alta Wind Asset Management LLC, due 2031 \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	2.775%
Alta Wind Asset Management LLC, due 2031 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 0
Alta Wind I-V lease financing arrangements, due 2034 and 2035
Debt Instrument [Line Items]
Total debt	$ 660	660
Alta Wind I-V lease financing arrangements, due 2034 and 2035 \| Minimum
Debt Instrument [Line Items]
Interest rate, percentage	5.696%
Alta Wind I-V lease financing arrangements, due 2034 and 2035 \| Maximum
Debt Instrument [Line Items]
Interest rate, percentage	7.015%
Alta Wind I-V lease financing arrangements, due 2034 and 2035 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 67
Alta Wind Realty Investments LLC, due 2031
Debt Instrument [Line Items]
Total debt	$ 19	20
Interest rate, percentage	7.00%
Alta Wind Realty Investments LLC, due 2031 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 0
Borrego, due 2024 and 2038
Debt Instrument [Line Items]
Total debt	48	48
Borrego, due 2024 and 2038 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	4
Broken Bow, due 2031
Debt Instrument [Line Items]
Total debt	$ 40	41
Broken Bow, due 2031 \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	2.10%
Broken Bow, due 2031 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 6
Buckthorn Solar, due 2025
Debt Instrument [Line Items]
Total debt	$ 116	116
Buckthorn Solar, due 2025 \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	2.10%
Buckthorn Solar, due 2025 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 20
Carlsbad Energy Holdings LLC, due 2027
Debt Instrument [Line Items]
Total debt	$ 92	93
Carlsbad Energy Holdings LLC, due 2027 \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	1.90%
Carlsbad Energy Holdings LLC, due 2027 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 73
Carlsbad Energy Holdings LLC, due 2038
Debt Instrument [Line Items]
Total debt	$ 407	407
Interest rate, percentage	4.12%
Carlsbad Energy Holdings LLC, due 2038 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 0
Carlsbad Holdco, LLC, due 2038
Debt Instrument [Line Items]
Total debt	$ 195	195
Interest rate, percentage	4.21%
Carlsbad Holdco, LLC, due 2038 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 5
Cedro Hill, due 2024 and 2029
Debt Instrument [Line Items]
Total debt	$ 168	165
Cedro Hill, due 2024 and 2029 \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	137.50%
Cedro Hill, due 2024 and 2029 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 0
Crofton Bluffs, due 2031
Debt Instrument [Line Items]
Total debt	$ 26	27
Crofton Bluffs, due 2031 \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	2.10%
Crofton Bluffs, due 2031 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 3
CVSR, due 2037
Debt Instrument [Line Items]
Total debt	$ 585	601
CVSR, due 2037 \| Minimum
Debt Instrument [Line Items]
Interest rate, percentage	2.339%
CVSR, due 2037 \| Maximum
Debt Instrument [Line Items]
Interest rate, percentage	3.775%
CVSR, due 2037 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 0
CVSR Holdco Notes, due 2037
Debt Instrument [Line Items]
Total debt	$ 143	152
Interest rate, percentage	4.68%
CVSR Holdco Notes, due 2037 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 12
Daggett 2, due 2028
Debt Instrument [Line Items]
Total debt	$ 156	156
Interest rate, percentage	1.762%
Daggett 2, due 2028 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 32
Daggett 3, due 2028
Debt Instrument [Line Items]
Total debt	$ 217	217
Daggett 3, due 2028 \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	1.762%
Daggett 3, due 2028 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 44
DG-CS Master Borrower LLC, due 2040
Debt Instrument [Line Items]
Total debt	$ 378	385
Interest rate, percentage	3.51%
DG-CS Master Borrower LLC, due 2040 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 29
Mililani Class B Member Holdco LLC, due 2028
Debt Instrument [Line Items]
Total debt	$ 92	92
Mililani Class B Member Holdco LLC, due 2028 \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	1.60%
Mililani Class B Member Holdco LLC, due 2028 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 18
NIMH Solar, due 2024
Debt Instrument [Line Items]
Total debt	$ 146	148
NIMH Solar, due 2024 \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	2.275%
NIMH Solar, due 2024 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 12
Oahu Solar Holdings LLC, due 2026
Debt Instrument [Line Items]
Total debt	$ 80	81
Oahu Solar Holdings LLC, due 2026 \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	1.525%
Oahu Solar Holdings LLC, due 2026 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 10
Rosie Class B LLC, due 2024 and 2029
Debt Instrument [Line Items]
Total debt	$ 353	347
Rosie Class B LLC, due 2024 and 2029 \| Minimum \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
Rosie Class B LLC, due 2024 and 2029 \| Maximum \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	1.375%
Rosie Class B LLC, due 2024 and 2029 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 26
Texas Solar Nova 1, due 2028
Debt Instrument [Line Items]
Total debt	0	102
Texas Solar Nova 1, due 2028 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	0
TSN1 Class B Member LLC, due 2029
Debt Instrument [Line Items]
Total debt	$ 182	0
Basis spread on variable rate	1.75%
TSN1 Class B Member LLC, due 2029 \| Letter of Credit
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Letters of credit outstanding	$ 88
Utah Solar Holdings, due 2036
Debt Instrument [Line Items]
Total debt	$ 242	242
Interest rate, percentage	3.59%
Utah Solar Holdings, due 2036 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 155
Viento Funding II, LLC, due 2029
Debt Instrument [Line Items]
Total debt	$ 171	175
Viento Funding II, LLC, due 2029 \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	1.475%
Viento Funding II, LLC, due 2029 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 27
Victory Pass and Arica, due 2024
Debt Instrument [Line Items]
Total debt	$ 819	757
Victory Pass and Arica, due 2024 \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	1.125%
Victory Pass and Arica, due 2024 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 0
Other
Debt Instrument [Line Items]
Total debt	123	124
Other \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	73
Subtotal non-recourse facility-level debt
Debt Instrument [Line Items]
Total debt	$ 6,076	$ 5,974

Investments Accounted for by the Equity Method and Variable Interest Entities

3 Months Ended

Mar. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Investments Accounted for by the Equity Method and Variable Interest Entities

Entities that are not Consolidated

The Company has interests in entities that are considered VIEs under ASC 810, but for which it is not considered the primary beneficiary. The Company accounts for its interests in these entities and entities in which it has a significant investment under the equity method of accounting, as further described under Item 15 — Note 5, Investments Accounted for by the Equity Method and Variable Interest Entities, to the consolidated financial statements included in the Company’s 2023 Form 10-K.

The following table reflects the Company’s equity investments in unconsolidated affiliates as of March 31, 2024:


Name	Economic Interest	Investment Balance (a)
		(In millions)
Avenal	50%	$	6
Desert Sunlight	25%	219
Elkhorn Ridge	67%	13
GenConn (b)	50%	76
Rosie Central BESS (b)	50%	28
San Juan Mesa	75%	7

		$	349

(a) The Company’s maximum exposure to loss is limited to its investment balances.

(b) GenConn and Rosie Central BESS are VIEs.

Entities that are Consolidated

As further described under Item 15 — Note 5, Investments Accounted for by the Equity Method and Variable Interest Entities, to the consolidated financial statements included in the Company’s 2023 Form 10-K, the Company has a controlling financial interest in certain entities which have been identified as VIEs under ASC 810, Consolidations, or ASC 810. These arrangements are primarily related to tax equity arrangements entered into with third parties in order to monetize certain tax credits associated with wind, solar and BESS facilities. The Company also has a controlling financial interest in certain partnership arrangements with third-party investors, which also have been identified as VIEs. Under the Company’s arrangements that have been identified as VIEs, the third-party investors are allocated earnings, tax attributes and distributable cash in accordance with the respective limited liability company agreements. Many of these arrangements also provide a mechanism to facilitate achievement of the investor’s specified return by providing incremental cash distributions to the investor at a specified date if the specified return has not yet been achieved.

The following is a summary of significant activity during the three months ended March 31, 2024 related to the Company’s consolidated VIEs:

Lighthouse Renewable Holdco 2 LLC

As described in Note 3, Acquisitions, on March 15, 2024, TSN1 TE Holdco LLC, an indirect subsidiary of the Company, acquired Texas Solar Nova 2, LLC. The Company, through Lighthouse Renewable Holdco 2 LLC, a partnership, consolidates TSN1 TE Holdco LLC, a tax equity fund that owns the Texas Solar Nova 1 and Texas Solar Nova 2 solar facilities. The Company recorded the noncontrolling interest of the cash equity investor in Lighthouse Renewable Holdco 2 LLC at historical carrying amount, with the offset to additional-paid in capital. The Class A membership interests in TSN1 TE Holdco LLC are held by a tax equity investor and are reflected as noncontrolling interest on the Company’s consolidated balance sheet.

Daggett Renewable Holdco LLC

Effective January 1, 2024, the Company and the cash equity investor in Daggett Renewable HoldCo LLC and Daggett 2 TargetCo LLC, the indirect owner of the Daggett 2 solar and BESS facility, agreed to transfer Daggett 2 TargetCo LLC to Daggett Renewable Holdco LLC. As the transfer was among entities under common control, the transaction was recognized at historical cost and no gain or loss was recognized.

Summarized financial information for the Company’s consolidated VIEs consisted of the following as of March 31, 2024:


(In millions)	Buckthorn Holdings, LLC		DGPV Funds (a)		Langford TE Partnership LLC		Daggett Renewable Holdco LLC (b)		Lighthouse Renewable Holdco LLC (c)		Lighthouse Renewable Holdco 2 LLC (d)
Other current and non-current assets	$	3	$	51	$	24	$	226	$	73	$	165
Property, plant and equipment	183		376		113		1,389		408		1,343
Intangible assets	—		1		—		—		—		1
Total assets	186		428		137		1,615		481		1,509
Current and non-current liabilities	12		49		70		646		140		565
Total liabilities	12		49		70		646		140		565
Noncontrolling interest	13		5		66		959		253		712
Net assets less noncontrolling interest	$	161	$	374	$	1	$	10	$	88	$	232

(a) DGPV Funds is comprised of Clearway & EFS Distributed Solar LLC, Golden Puma Fund LLC, Renew Solar CS4 Fund LLC and Chestnut Fund LLC, which are all tax equity funds.

(b) Daggett Renewable Holdco LLC consolidates Daggett TE Holdco LLC and Daggett 2 TE Holdco LLC, which are consolidated VIEs.

(c) Lighthouse Renewable Holdco LLC consolidates Black Rock TE Holdco LLC and Mililani TE Holdco LLC, which are consolidated VIEs.

(d) Lighthouse Renewable Holdco 2 LLC consolidates Mesquite Sky TE Holdco LLC, Mesquite Star Tax Equity Holdco LLC and TSN1 TE Holdco LLC, which are consolidated VIEs.


(In millions)	Oahu Solar LLC		Rattlesnake TE Holdco LLC		Rosie TargetCo LLC		VP-Arica TargetCo LLC (a)		Wildorado TE Holdco LLC		Other (b)
Other current and non-current assets	$	37	$	14	$	303	$	101	$	29	$	27
Property, plant and equipment	155		173		528		1,019		184		234
Intangible assets	—		—		—		2		—		15
Total assets	192		187		831		1,122		213		276
Current and non-current liabilities	22		17		397		893		17		91
Total liabilities	22		17		397		893		17		91
Noncontrolling interest	22		81		180		68		97		91
Net assets less noncontrolling interest	$	148	$	89	$	254	$	161	$	99	$	94

(a) VP-Arica TargetCo LLC consolidates VP-Arica TE Holdco LLC, a consolidated VIE that owns the Victory Pass and Arica solar and BESS facilities.

(b) Other is comprised of Elbow Creek TE Holdco LLC, Pinnacle Repowering TE Holdco LLC and the Spring Canyon facilities.

Investments Accounted for by the Equity Method and Variable Interest Entities - Maximum Exposure to Loss Limited to Equity method investments (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Investment Balance (a)	$ 349	$ 360
Avenal
Schedule of Equity Method Investments [Line Items]
Economic Interest	50.00%
Investment Balance (a)	$ 6
Desert Sunlight
Schedule of Equity Method Investments [Line Items]
Economic Interest	25.00%
Investment Balance (a)	$ 219
Elkhorn Ridge
Schedule of Equity Method Investments [Line Items]
Economic Interest	67.00%
Investment Balance (a)	$ 13
GenConn
Schedule of Equity Method Investments [Line Items]
Economic Interest	50.00%
Investment Balance (a)	$ 76
Rosie Central BESS
Schedule of Equity Method Investments [Line Items]
Economic Interest	50.00%
Investment Balance (a)	$ 28
San Juan Mesa
Schedule of Equity Method Investments [Line Items]
Economic Interest	75.00%
Investment Balance (a)	$ 7

Long-term Debt - Narrative (Details) - USD ($)			3 Months Ended
Long-term Debt - Narrative (Details) - USD ($)	May 01, 2024	Mar. 15, 2024	Mar. 31, 2024
Victory Pass and Arica, due 2024 \| Tax Equity Investors
Debt Instrument [Line Items]
Expected contributions upon substantial completion			$ 62,000,000
Victory Pass and Arica, due 2024 \| Subsequent Event
Debt Instrument [Line Items]
Long-term debt	$ 75,000,000
Payments for associated fees	18,000,000
Victory Pass and Arica, due 2024 \| Subsequent Event \| Tax Equity Investors
Debt Instrument [Line Items]
Expected contributions upon substantial completion	410,000,000
Victory Pass and Arica, due 2024 \| Subsequent Event \| Cash Equity Investor
Debt Instrument [Line Items]
Expected contributions upon substantial completion	347,000,000
Victory Pass and Arica, due 2024 \| Subsequent Event \| CEG
Debt Instrument [Line Items]
Expected contributions upon substantial completion	52,000,000
Contributions from noncontrolling interests, net of distributions	103,000,000
Texas Solar Nova 2
Debt Instrument [Line Items]
Long-term debt		$ 19,000,000
Payments for associated fees		4,000,000
Unamortized debt issuance costs		1,000,000
Texas Solar Nova 2 \| CEG
Debt Instrument [Line Items]
Contributions from noncontrolling interests, net of distributions		9,000,000
Cash Equity Bridge Loan \| Victory Pass and Arica, due 2024 \| Subsequent Event
Debt Instrument [Line Items]
Repayments of debt	351,000,000
Tax Equity Bridge Loan \| Victory Pass and Arica, due 2024 \| Subsequent Event
Debt Instrument [Line Items]
Long-term debt	468,000,000
Tax Equity Bridge Loan \| Texas Solar Nova 2
Debt Instrument [Line Items]
Long-term debt		115,000,000
Term Loan \| Texas Solar Nova 2
Debt Instrument [Line Items]
Long-term debt		80,000,000
Tax Equity Investors \| Texas Solar Nova 2
Debt Instrument [Line Items]
Long-term debt		$ 130,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, fair value of amount outstanding			0
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding			$ 228,000,000
Clearway Renew LLC \| VP-Arica TargetCo LLC \| Victory Pass and Arica, due 2024 \| Subsequent Event
Debt Instrument [Line Items]
Payments to acquire productive assets	$ 165,000,000

Summary of Significant Accounting Policies - Dividends Paid (Details) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Common Class A
Class of Stock [Line Items]
Dividends per common share (in usd per share)	$ 0.4033	$ 0.3745
Common Class C
Class of Stock [Line Items]
Dividends per common share (in usd per share)	$ 0.4033	$ 0.3745

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483014/272-10-45-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482987/272-10-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Fair Value of Financial Instruments - Balance Sheet Grouping (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 8,204	$ 8,102
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	7,631	7,611
Fair Value \| Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	1,889	1,939
Fair Value \| Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 5,742	$ 5,672

Long-term Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

The Company’s borrowings, including short-term and long-term portions, consisted of the following:


(In millions, except rates)	March 31, 2024		December 31, 2023		March 31, 2024 interest rate % (a)	Letters of Credit Outstanding at March 31, 2024


2028 Senior Notes	$	850	$	850	4.750
2031 Senior Notes	925		925		3.750
2032 Senior Notes	350		350		3.750
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 (b)	—		—		S+1.850	$	228

Non-recourse facility-level debt:
Agua Caliente Solar LLC, due 2037	607		612		2.395-3.633	14
Alta Wind Asset Management LLC, due 2031	11		11		S+2.775	—
Alta Wind I-V lease financing arrangements, due 2034 and 2035	660		660		5.696-7.015	67
Alta Wind Realty Investments LLC, due 2031	19		20		7.000	—
Borrego, due 2024 and 2038	48		48		Various	4
Broken Bow, due 2031	40		41		S+2.100	6
Buckthorn Solar, due 2025	116		116		S+2.100	20

Carlsbad Energy Holdings LLC, due 2027	92		93		S+1.900	73
Carlsbad Energy Holdings LLC, due 2038	407		407		4.120	—
Carlsbad Holdco, LLC, due 2038	195		195		4.210	5
Cedro Hill, due 2024 and 2029	168		165		S+1.375	—
Crofton Bluffs, due 2031	26		27		S+2.100	3
CVSR, due 2037	585		601		2.339-3.775	—
CVSR Holdco Notes, due 2037	143		152		4.680	12
Daggett 2, due 2028	156		156		S+1.762	32
Daggett 3, due 2028	217		217		S+1.762	44
DG-CS Master Borrower LLC, due 2040	378		385		3.510	29









Mililani Class B Member Holdco LLC, due 2028	92		92		S+1.600	18
NIMH Solar, due 2024	146		148		S+2.275	12
Oahu Solar Holdings LLC, due 2026	80		81		S+1.525	10

Rosie Class B LLC, due 2024 and 2029	353		347		S+1.250-1.375	26
Texas Solar Nova 1, due 2028 (c)	—		102		S+1.750	—
TSN1 Class B Member LLC, due 2029 (c)	182		—		S+1.750	88
Utah Solar Holdings, due 2036	242		242		3.590	155

Viento Funding II, LLC, due 2029	171		175		S+1.475	27
Victory Pass and Arica, due 2024	819		757		S+1.125	—
Other	123		124		Various	73
Subtotal non-recourse facility-level debt	6,076		5,974
Total debt	8,201		8,099
Less current maturities	(565)		(558)
Less net debt issuance costs	(60)		(65)
Add premiums (d)	3		3
Total long-term debt	$	7,579	$	7,479

(a) As of March 31, 2024, S+ equals SOFR plus x%.

(b) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement.

(d) Premiums relate to the 2028 Senior Notes.

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows:


	March 31, 2024		December 31, 2023
	(In millions)
Cash and cash equivalents	$	478	$	535
Restricted cash	485		516
Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$	963	$	1,051

Schedule of Restricted Cash


	March 31, 2024		December 31, 2023
	(In millions)
Cash and cash equivalents	$	478	$	535
Restricted cash	485		516
Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$	963	$	1,051

Schedule of Supplemental Cash Flow Information

The following table provides a disaggregation of the amounts classified as Acquisition of Drop Down Assets, net of cash acquired, shown in the consolidated statements of cash flows:


	Three months ended March 31,
	2024		2023
	(In millions)
Cash paid to acquire Drop Down Assets	$	(112)	$	(21)
Cash acquired from the acquisition of Drop Down Assets	1		14
Acquisition of Drop Down Assets, net of cash acquired	$	(111)	$	(7)

Schedule of Accumulated Amortization and Depreciation

The following table presents the accumulated depreciation included in property, plant and equipment, net, and accumulated amortization included in intangible assets, net:


	March 31, 2024		December 31, 2023
	(In millions)
Property, Plant and Equipment Accumulated Depreciation	$	3,633	$	3,485
Intangible Assets Accumulated Amortization	1,055		1,009

Schedule of Dividends Declared

The following table lists the dividends paid on the Company's Class A and Class C common stock during the three months ended March 31, 2024:


	First Quarter 2024
Dividends per Class A share	$	0.4033
Dividends per Class C share	0.4033

Summary of Distributions Made to Limited Liability Company (LLC) Member, by Distribution

The following table lists distributions paid to CEG during the three months ended March 31, 2024 on Clearway Energy LLC’s Class B and D units:


	First Quarter 2024
Distributions per Class B Unit	$	0.4033
Distributions per Class D Unit	0.4033

Summary of Disaggregation of Revenue

The following tables represent the Company’s disaggregation of revenue from contracts with customers along with the reportable segment for each category:


	Three months ended March 31, 2024
(In millions)	Conventional Generation		Renewables		Total
Energy revenue (a)	$	22	$	221	$	243
Capacity revenue (a)	63		9		72
Other revenues	2		14		16
Contract amortization	(5)		(41)		(46)
Mark-to-market for economic hedges	13		(35)		(22)
Total operating revenues	95		168		263
Less: Mark-to-market for economic hedges	(13)		35		22
Less: Lease revenue	(29)		(177)		(206)
Less: Contract amortization	5		41		46
Total revenue from contracts with customers	$	58	$	67	$	125

(a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842:


(In millions)	Conventional Generation		Renewables		Total
Energy revenue	$	1	$	169	$	170
Capacity revenue	28		8		36

Total	$	29	$	177	$	206


	Three months ended March 31, 2023
(In millions)	Conventional Generation		Renewables		Total
Energy revenue (a)	$	1	$	198	$	199
Capacity revenue (a)	100		5		105
Other revenues	—		12		12
Contract amortization	(6)		(41)		(47)
Mark-to-market for economic hedges	—		19		19
Total operating revenues	95		193		288
Less: Mark-to-market for economic hedges	—		(19)		(19)
Less: Lease revenue	(101)		(156)		(257)
Less: Contract amortization	6		41		47
Total revenue from contracts with customers	$	—	$	59	$	59

(a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842:


(In millions)	Conventional Generation		Renewables		Total
Energy revenue	$	1	$	152	$	153
Capacity revenue	100		4		104
Total	$	101	$	156	$	257

Schedule of Contract with Customer, Asset and Liability

The following table reflects the contract assets and liabilities included on the Company’s consolidated balance sheets:


	March 31, 2024		December 31, 2023
	(In millions)
Accounts receivable, net - Contracts with customers	$	62	$	66
Accounts receivable, net - Leases	122		105
Total accounts receivable, net	$	184	$	171

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair Value Accounting under ASC 820

ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels as follows:

•Level 1—quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access as of the measurement date.

•Level 2—inputs other than quoted prices included within Level 1 that are directly observable for the asset or liability or indirectly observable through corroboration with observable market data.

•Level 3—unobservable inputs for the asset or liability only used when there is little, if any, market activity for the asset or liability at the measurement date.

In accordance with ASC 820, the Company determines the level in the fair value hierarchy within which each fair value measurement in its entirety falls, based on the lowest level input that is significant to the fair value measurement.

For cash and cash equivalents, restricted cash, accounts receivable — trade, note receivable — affiliate, accounts payable — trade, accounts payable — affiliates and accrued expenses and other current liabilities, the carrying amounts approximate fair value because of the short-term maturity of those instruments and are classified as Level 1 within the fair value hierarchy.

The carrying amount and estimated fair value of the Company’s recorded financial instrument not carried at fair market value or that does not approximate fair value is as follows:


	As of March 31, 2024				As of December 31, 2023
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In millions)




Long-term debt, including current portion (a)	$	8,204	$	7,631	$	8,102	$	7,611

(a) Excludes net debt issuance costs, which are recorded as a reduction to long-term debt on the Company’s consolidated balance sheets.

The fair value of the Company’s publicly-traded long-term debt is based on quoted market prices and is classified as Level 2 within the fair value hierarchy. The fair value of debt securities, non-publicly traded long-term debt and certain notes receivable of the Company are based on expected future cash flows discounted at market interest rates, or current interest rates for similar instruments with equivalent credit quality and are classified as Level 3 within the fair value hierarchy. The following table presents the level within the fair value hierarchy for long-term debt, including current portion:


	As of March 31, 2024				As of December 31, 2023
	Level 2		Level 3		Level 2		Level 3
	(In millions)
Long-term debt, including current portion	$	1,889	$	5,742	$	1,939	$	5,672

Recurring Fair Value Measurements

The Company records its derivative assets and liabilities at fair market value on its consolidated balance sheets. The following table presents assets and liabilities measured and recorded at fair value on the Company’s consolidated balance sheets on a recurring basis and their level within the fair value hierarchy:


	As of March 31, 2024				As of December 31, 2023
	Fair Value (a)				Fair Value (a)
(In millions)	Level 2 (b)		Level 3			Level 2 (b)		Level 3
Derivative assets:

Energy-related commodity contracts (c)	$	—	$	8		$	2	$	—
Interest rate contracts	157		—			121		—
Other financial instruments (d)	—		14			—		13
Total assets	$	157	$	22		$	123	$	13
Derivative liabilities:
Energy-related commodity contracts (e)	$	—	$	361		$	—	$	330
Interest rate contracts	—		—			2		—
Total liabilities	$	—	$	361		$	2	$	330

(a) There were no derivative assets or liabilities classified as Level 1 as of March 31, 2024 and December 31, 2023.

(b) The Company’s interest rate swaps are measured at fair value using an income approach, which uses readily observable inputs, such as forward interest rates (e.g., SOFR) and contractual terms to estimate fair value.

(c) Includes long-term backbone transportation service contracts classified as Level 2 and short-term heat rate call option contracts classified as Level 3.

(d) Includes SREC contract.

(e) As of March 31, 2024 and December 31, 2023, amounts include $361 million and $325 million related to long-term power commodity contracts and zero and $5 million related to short-term heat rate call option contracts, respectively.

The following table reconciles the beginning and ending balances for instruments that are recognized at fair value in the consolidated financial statements using significant unobservable inputs:


	Three months ended March 31,
		2024		2023
(In millions)	Fair Value Measurement Using Significant Unobservable Inputs (Level 3)
Beginning balance		$	(317)	$	(336)
Settlements		(1)		4


Total (losses) gains for the period included in earnings		(21)		16
Ending balance		$	(339)	$	(316)
Change in unrealized losses included in earnings for derivatives and other financial instruments held as of March 31, 2024		$	(21)

Derivative and Financial Instruments Fair Value Measurements

The Company's contracts are non-exchange-traded and valued using prices provided by external sources. The Company uses quoted observable forward prices to value its energy-related commodity contracts, which includes long-term power commodity contracts and heat rate call option contracts. To the extent that observable forward prices are not available, the quoted prices reflect the average of the forward prices from the prior year, adjusted for inflation. As of March 31, 2024, contracts valued with prices provided by models and other valuation techniques make up 6% of derivative assets and 100% of derivative liabilities and other financial instruments.

The Company’s significant positions classified as Level 3 include physical and financial energy-related commodity contracts executed in illiquid markets. The significant unobservable inputs used in developing fair value include illiquid power tenors and location pricing, which is derived by extrapolating pricing as a basis to liquid locations. The tenor pricing and basis spread are based on observable market data when available or derived from historic prices and forward market prices from similar observable markets when not available.

The following table quantifies the significant unobservable inputs used in developing the fair value of the Company’s Level 3 positions:


	March 31, 2024
	Fair Value						Input/Range
	Assets		Liabilities		Valuation Technique	Significant Unobservable Input	Low		High		Weighted Average
	(In millions)
Long-term Power Commodity Contracts	$	—	$	361	Discounted Cash Flow	Forward Market Price (per MWh)	$	19.73	$	86.87	$	43.47
Heat Rate Call Option Commodity Contracts	8		—		Option Model	Forward Market Price (per MWh)	$	(28.22)	$	1,321.77	$	53.33
					Option Model	Forward Market Price (per MMBtu)	$	1.15	$	14.51	$	5.52
Other Financial Instruments	14		—		Discounted Cash Flow	Forecast annual generation levels of certain DG solar facilities	60,801 MWh		121,602 MWh		115,622 MWh

The following table provides the impact on the fair value measurements to increases/(decreases) in significant unobservable inputs as of March 31, 2024:

Type

Significant Unobservable Input

Position

Change In Input

Impact on Fair Value Measurement

Energy-Related Commodity Contracts

Forward Market Price Power

Sell

Increase/(Decrease)

Lower/(Higher)

Energy-Related Commodity Contracts

Forward Market Price Gas

Sell

Increase/(Decrease)

Higher/(Lower)

Other Financial Instruments

Forecast Generation Levels

Sell

Increase/(Decrease)

Higher/(Lower)

The fair value of each contract is discounted using a risk-free interest rate. In addition, a credit reserve is applied to reflect credit risk, which is, for interest rate swaps, calculated based on credit default swaps using the bilateral method. For commodities, to the extent that the Net Exposure under a specific master agreement is an asset, the Company uses the counterparty’s default swap rate. If the Net Exposure under a specific master agreement is a liability, the Company uses a proxy of its own default swap rate. For interest rate swaps and commodities, the credit reserve is added to the discounted fair value to reflect the exit price that a market participant would be willing to receive to assume the liabilities or that a market participant would be willing to pay for the assets. As of March 31, 2024, the non-performance reserve was a $12 million gain recorded primarily to total operating revenues in the consolidated statements of operations. It is possible that future market prices could vary from those used in recording assets and liabilities and such variations could be material.

Concentration of Credit Risk

In addition to the credit risk discussion as disclosed under Item 15 — Note 2, Summary of Significant Accounting Policies, to the consolidated financial statements included in the Company’s 2023 Form 10-K, the following item is a discussion of the concentration of credit risk for the Company’s financial instruments. Credit risk relates to the risk of loss resulting from non-performance or non-payment by counterparties pursuant to the terms of their contractual obligations. The Company monitors and manages credit risk through credit policies that include: (i) an established credit approval process; (ii) monitoring of counterparties’ credit limits on an as needed basis; (iii) as applicable, the use of credit mitigation measures such as margin, collateral, prepayment arrangements, or volumetric limits; (iv) the use of payment netting agreements; and (v) the use of master netting agreements that allow for the netting of positive and negative exposures of various contracts associated with a single counterparty. Risks surrounding counterparty performance and credit could ultimately impact the amount and timing of expected cash flows. The Company seeks to mitigate counterparty risk by having a diversified portfolio of counterparties.

Counterparty credit exposure includes credit risk exposure under certain long-term agreements, including solar and other PPAs. As external sources or observable market quotes are not available to estimate such exposure, the Company estimates the exposure related to these contracts based on various techniques including, but not limited to, internal models based on a fundamental analysis of the market and extrapolation of observable market data with similar characteristics. A significant portion of these energy-related commodity contracts are with utilities with strong credit quality and public utility commission or other regulatory support. However, such regulated utility counterparties can be impacted by changes in government regulations or adverse financial conditions, which the Company is unable to predict. Certain subsidiaries of the Company sell the output of their facilities to PG&E, a significant counterparty of the Company, under long-term PPAs, and PG&E’s credit rating is below investment-grade

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Acquisitions - Narrative (Details) $ in Millions	Apr. 16, 2024 USD ($) MW	Mar. 15, 2024 USD ($) MW	Mar. 31, 2024 MW
Schedule of Asset Acquisition [Line Items]
Power generation capacity, megawatts (over) \| MW			8,700
Cedar Creek Drop Down \| Cedar Creek TE Holdco LLC \| Tax Equity Investors \| Subsequent Event
Schedule of Asset Acquisition [Line Items]
Payments to acquire productive assets	$ 108
Texas Solar Nova 2 Drop Down
Schedule of Asset Acquisition [Line Items]
Net assets acquired		$ 72
Texas Solar Nova 2 Drop Down \| CEG
Schedule of Asset Acquisition [Line Items]
Payments to fund project reserve accounts		9
Texas Solar Nova 2 Drop Down \| Clearway Renew LLC
Schedule of Asset Acquisition [Line Items]
Payments to acquire productive assets		17
Texas Solar Nova 2 Drop Down \| TSN1 TE Holdco LLC \| Cash Equity Investor
Schedule of Asset Acquisition [Line Items]
Payments to acquire productive assets		$ 95
Alternative Energy \| Cedar Creek Wind Holdco LLC \| Cedar Creek Drop Down \| Cedar Creek TE Holdco LLC \| Subsequent Event
Schedule of Asset Acquisition [Line Items]
Power generation capacity, megawatts (over) \| MW	160
Payments to acquire productive assets	$ 117
Power purchase agreement period (in years)	25 years
Alternative Energy \| Lighthouse Renewable Holdco 2 LLC \| Texas Solar Nova 2 Drop Down \| TSN1 TE Holdco LLC
Schedule of Asset Acquisition [Line Items]
Power generation capacity, megawatts (over) \| MW		200
Payments to acquire productive assets		$ 112
Power purchase agreement period (in years)		18 years

Nature of Business (Details)	3 Months Ended
Nature of Business (Details)	Mar. 31, 2024 MW
Nature of Business [Line Items]
Power generation capacity, megawatts (over)	8,700
Clearway Energy, Inc. \| Clearway Energy LLC
Nature of Business [Line Items]
Ownership interest (as a percentage)	57.90%
Clearway Energy, Inc. \| CEG
Nature of Business [Line Items]
Voting Interest (as a percentage)	54.91%
Clearway Energy, Inc. \| Public Shareholders
Nature of Business [Line Items]
Voting Interest (as a percentage)	45.09%
Clearway Energy LLC \| CEG
Nature of Business [Line Items]
Ownership interest (as a percentage)	42.10%
Conventional Generation, Utility-Scale Solar, Distributed Solar, and Wind
Nature of Business [Line Items]
Power generation capacity, megawatts (over)	6,200
Generational Facilities and District Energy Systems
Nature of Business [Line Items]
Power generation capacity, megawatts (over)	2,500

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Millions	Total	CEG	Tax Equity Investors	Preferred Stock	Common Stock	Additional Paid-In Capital	Additional Paid-In Capital CEG	Retained Earnings	Retained Earnings CEG	Accumulated Other Comprehensive Income	Noncontrolling Interest	Noncontrolling Interest CEG	Noncontrolling Interest Tax Equity Investors
Balance at beginning of period at Dec. 31, 2022	$ 4,026			$ 0	$ 1	$ 1,761		$ 463		$ 9	$ 1,792
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(43)							0			(43)
Unrealized gain (loss) on derivatives and changes in accumulated OCI, net of tax	(3)									(1)	(2)
Contributions from CEG, net of distributions, cash		$ 30										$ 30
Contributions from CEG, net of distributions, cash			$ (215)										$ (215)
Transfers of assets under common control	(6)					(52)					46
Non-cash adjustments for change in tax basis	9					9
Stock-based compensation	1					1
Common stock dividends and distributions to CEG unit holders		(76)					$ 0		$ (44)			(32)
Balance at end of period at Mar. 31, 2023	4,153			0	1	1,719		419		8	2,006
Balance at beginning of period at Dec. 31, 2023	4,994			0	1	1,732		361		7	2,893
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(47)										(45)
Unrealized gain (loss) on derivatives and changes in accumulated OCI, net of tax	(1)									(2)	1
Contributions from CEG, net of distributions, cash		(1)	$ (215)									(1)	$ (215)
Transfers of assets under common control	(40)					2					(42)
Non-cash adjustments for change in tax basis	6					6
Stock-based compensation	1					1
Common stock dividends and distributions to CEG unit holders		$ (81)							$ (47)			$ (34)
Other	(1)										0
Balance at end of period at Mar. 31, 2024	$ 5,045			$ 0	$ 1	$ 1,741		$ 311		$ 5	$ 2,987

Acquisitions

3 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Acquisitions

Cedar Creek Drop Down — On April 16, 2024, the Company, through its indirect subsidiary, Cedar Creek Wind Holdco LLC, acquired Cedar Creek Holdco LLC, a 160 MW wind facility that is located in Bingham County, Idaho, from Clearway Renew for cash consideration of $117 million. Cedar Creek Wind Holdco LLC consolidates as primary beneficiary, Cedar Creek TE Holdco LLC, a tax equity fund that owns the Cedar Creek wind facility. Also on April 16, 2024, a tax equity investor contributed $108 million to acquire the Class A membership interests in Cedar Creek TE Holdco LLC. Cedar Creek has a 25-year PPA with an investment-grade utility that commenced in March 2024. The acquisition was funded with existing sources of liquidity.

Texas Solar Nova 2 Drop Down — On March 15, 2024, the Company, through its indirect subsidiary, TSN1 TE Holdco LLC, acquired Texas Solar Nova 2, LLC, a 200 MW solar facility that is located in Kent County, Texas, from Clearway Renew for cash consideration of $112 million, $17 million of which was funded by the Company with the remaining $95 million funded through a contribution from the cash equity investor in Lighthouse Renewable Holdco 2 LLC, which is a partnership. Lighthouse Renewable Holdco 2 LLC indirectly consolidates as primary beneficiary, TSN1 TE Holdco LLC, a tax equity fund that owns the Texas Solar Nova 1 and Texas Solar Nova 2 solar facilities, as further described in Note 4, Investments Accounted for by the Equity Method and Variable Interest Entities. Texas Solar Nova 2 has an 18-year PPA with an investment-grade counterparty that commenced in March 2024. The Texas Solar Nova 2 operations are reflected in the Company’s Renewables segment and the Company’s portion of the purchase price was funded with existing sources of liquidity. The acquisition was determined to be an asset acquisition and the Company consolidates Texas Solar Nova 2 on a prospective basis in its financial statements. The assets and liabilities transferred to the Company relate to interests under common control and were recorded at historical cost in accordance with ASC 805-50, Business Combinations - Related Issues. The difference between the cash paid of $112 million and the historical cost of the Company’s net assets acquired of $72 million was recorded as an adjustment to CEG’s noncontrolling interest balance. In addition, the Company reflected $9 million of the Company’s purchase price, which was contributed back to the Company by CEG to pay down the acquired long-term debt, in the line item distributions to CEG, net of contributions in the consolidated statements of stockholders’ equity.

The following is a summary of assets and liabilities transferred in connection with the acquisition as of March 15, 2024:


(In millions)	Texas Solar Nova 2
Cash	$	1
Property, plant and equipment	280
Right-of-use assets, net	21
Derivative assets	6
Other current and non-current assets	4

Total assets acquired	312

Long-term debt (a)	194
Long-term lease liabilities	19
Other current and non-current liabilities	27
Total liabilities assumed	240
Net assets acquired	$	72

(a) Includes an $80 million term loan and a $115 million tax equity bridge loan, offset by $1 million in unamortized debt issuance costs. See Note 7, Long-term Debt, for further discussion of the long-term debt assumed in the acquisition.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Par value - preferred stock (in usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	10,000,000	10,000,000
Preferred stock issued (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	3,000,000,000	3,000,000,000
Common stock issued (in shares)	202,080,794	202,080,794
Common stock outstanding (in shares)	202,080,794	202,080,794
Common Class A
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	500,000,000	500,000,000
Common stock issued (in shares)	34,613,853	34,613,853
Common stock outstanding (in shares)	34,613,853	34,613,853
Common Class B
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	500,000,000	500,000,000
Common stock issued (in shares)	42,738,750	42,738,750
Common stock outstanding (in shares)	42,738,750	42,738,750
Common Class C
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock issued (in shares)	82,391,441	82,391,441
Common stock outstanding (in shares)	82,391,441	82,391,441
Common Class D
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock issued (in shares)	42,336,750	42,336,750
Common stock outstanding (in shares)	42,336,750	42,336,750

Investments Accounted for by the Equity Method and Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

The following table reflects the Company’s equity investments in unconsolidated affiliates as of March 31, 2024:


Name	Economic Interest	Investment Balance (a)
		(In millions)
Avenal	50%	$	6
Desert Sunlight	25%	219
Elkhorn Ridge	67%	13
GenConn (b)	50%	76
Rosie Central BESS (b)	50%	28
San Juan Mesa	75%	7

		$	349

(a) The Company’s maximum exposure to loss is limited to its investment balances.

(b) GenConn and Rosie Central BESS are VIEs.

Schedule of Variable Interest Entities

Summarized financial information for the Company’s consolidated VIEs consisted of the following as of March 31, 2024:


(In millions)	Buckthorn Holdings, LLC		DGPV Funds (a)		Langford TE Partnership LLC		Daggett Renewable Holdco LLC (b)		Lighthouse Renewable Holdco LLC (c)		Lighthouse Renewable Holdco 2 LLC (d)
Other current and non-current assets	$	3	$	51	$	24	$	226	$	73	$	165
Property, plant and equipment	183		376		113		1,389		408		1,343
Intangible assets	—		1		—		—		—		1
Total assets	186		428		137		1,615		481		1,509
Current and non-current liabilities	12		49		70		646		140		565
Total liabilities	12		49		70		646		140		565
Noncontrolling interest	13		5		66		959		253		712
Net assets less noncontrolling interest	$	161	$	374	$	1	$	10	$	88	$	232

(a) DGPV Funds is comprised of Clearway & EFS Distributed Solar LLC, Golden Puma Fund LLC, Renew Solar CS4 Fund LLC and Chestnut Fund LLC, which are all tax equity funds.

(b) Daggett Renewable Holdco LLC consolidates Daggett TE Holdco LLC and Daggett 2 TE Holdco LLC, which are consolidated VIEs.

(c) Lighthouse Renewable Holdco LLC consolidates Black Rock TE Holdco LLC and Mililani TE Holdco LLC, which are consolidated VIEs.

(d) Lighthouse Renewable Holdco 2 LLC consolidates Mesquite Sky TE Holdco LLC, Mesquite Star Tax Equity Holdco LLC and TSN1 TE Holdco LLC, which are consolidated VIEs.


(In millions)	Oahu Solar LLC		Rattlesnake TE Holdco LLC		Rosie TargetCo LLC		VP-Arica TargetCo LLC (a)		Wildorado TE Holdco LLC		Other (b)
Other current and non-current assets	$	37	$	14	$	303	$	101	$	29	$	27
Property, plant and equipment	155		173		528		1,019		184		234
Intangible assets	—		—		—		2		—		15
Total assets	192		187		831		1,122		213		276
Current and non-current liabilities	22		17		397		893		17		91
Total liabilities	22		17		397		893		17		91
Noncontrolling interest	22		81		180		68		97		91
Net assets less noncontrolling interest	$	148	$	89	$	254	$	161	$	99	$	94

(a) VP-Arica TargetCo LLC consolidates VP-Arica TE Holdco LLC, a consolidated VIE that owns the Victory Pass and Arica solar and BESS facilities.

(b) Other is comprised of Elbow Creek TE Holdco LLC, Pinnacle Repowering TE Holdco LLC and the Spring Canyon facilities.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Estimated Carrying Values and Fair Values

The carrying amount and estimated fair value of the Company’s recorded financial instrument not carried at fair market value or that does not approximate fair value is as follows:


	As of March 31, 2024				As of December 31, 2023
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In millions)




Long-term debt, including current portion (a)	$	8,204	$	7,631	$	8,102	$	7,611

(a) Excludes net debt issuance costs, which are recorded as a reduction to long-term debt on the Company’s consolidated balance sheets.

Schedule of Fair Value Option, Disclosures

The following table presents the level within the fair value hierarchy for long-term debt, including current portion:


	As of March 31, 2024				As of December 31, 2023
	Level 2		Level 3		Level 2		Level 3
	(In millions)
Long-term debt, including current portion	$	1,889	$	5,742	$	1,939	$	5,672

Schedule of Fair Value, Assets and Liabilities

The following table presents assets and liabilities measured and recorded at fair value on the Company’s consolidated balance sheets on a recurring basis and their level within the fair value hierarchy:


	As of March 31, 2024				As of December 31, 2023
	Fair Value (a)				Fair Value (a)
(In millions)	Level 2 (b)		Level 3			Level 2 (b)		Level 3
Derivative assets:

Energy-related commodity contracts (c)	$	—	$	8		$	2	$	—
Interest rate contracts	157		—			121		—
Other financial instruments (d)	—		14			—		13
Total assets	$	157	$	22		$	123	$	13
Derivative liabilities:
Energy-related commodity contracts (e)	$	—	$	361		$	—	$	330
Interest rate contracts	—		—			2		—
Total liabilities	$	—	$	361		$	2	$	330

(a) There were no derivative assets or liabilities classified as Level 1 as of March 31, 2024 and December 31, 2023.

(c) Includes long-term backbone transportation service contracts classified as Level 2 and short-term heat rate call option contracts classified as Level 3.

(d) Includes SREC contract.

The following table reconciles the beginning and ending balances for instruments that are recognized at fair value in the consolidated financial statements using significant unobservable inputs:


	Three months ended March 31,
		2024		2023
(In millions)	Fair Value Measurement Using Significant Unobservable Inputs (Level 3)
Beginning balance		$	(317)	$	(336)
Settlements		(1)		4


Total (losses) gains for the period included in earnings		(21)		16
Ending balance		$	(339)	$	(316)
Change in unrealized losses included in earnings for derivatives and other financial instruments held as of March 31, 2024		$	(21)

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The following table quantifies the significant unobservable inputs used in developing the fair value of the Company’s Level 3 positions:


	March 31, 2024
	Fair Value						Input/Range
	Assets		Liabilities		Valuation Technique	Significant Unobservable Input	Low		High		Weighted Average
	(In millions)
Long-term Power Commodity Contracts	$	—	$	361	Discounted Cash Flow	Forward Market Price (per MWh)	$	19.73	$	86.87	$	43.47
Heat Rate Call Option Commodity Contracts	8		—		Option Model	Forward Market Price (per MWh)	$	(28.22)	$	1,321.77	$	53.33
					Option Model	Forward Market Price (per MMBtu)	$	1.15	$	14.51	$	5.52
Other Financial Instruments	14		—		Discounted Cash Flow	Forecast annual generation levels of certain DG solar facilities	60,801 MWh		121,602 MWh		115,622 MWh

The following table provides the impact on the fair value measurements to increases/(decreases) in significant unobservable inputs as of March 31, 2024:

Type

Significant Unobservable Input

Position

Change In Input

Impact on Fair Value Measurement

Energy-Related Commodity Contracts

Forward Market Price Power

Sell

Increase/(Decrease)

Lower/(Higher)

Energy-Related Commodity Contracts

Forward Market Price Gas

Sell

Increase/(Decrease)

Higher/(Lower)

Other Financial Instruments

Forecast Generation Levels

Sell

Increase/(Decrease)

Higher/(Lower)

Summary of Significant Accounting Policies - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Summary of Significant Accounting Policies [Line Items]
Acquisition of Drop Down Assets, net of cash acquired	$ (111)	$ (7)
Drop Down
Summary of Significant Accounting Policies [Line Items]
Cash paid to acquire Drop Down Assets	(112)	(21)
Cash acquired from the acquisition of Drop Down Assets	1	14
Acquisition of Drop Down Assets, net of cash acquired	$ (111)	$ (7)

Summary of Significant Accounting Policies - Noncontrolling Interests (Details) - Clearway Energy LLC	3 Months Ended
	Mar. 31, 2024 $ / shares
Common Class B
Summary of Significant Accounting Policies [Line Items]
Distribution made to limited liability company (LLC) member, distributions paid, per unit (in dollars per share)	$ 0.4033
Common Class D
Summary of Significant Accounting Policies [Line Items]
Distribution made to limited liability company (LLC) member, distributions paid, per unit (in dollars per share)	$ 0.4033

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 478	$ 535
Restricted cash	485	516
Inventory	58	55
Derivative instruments	54	41
Prepayments and other current assets	60	68
Total current assets	1,497	1,560
Property, plant and equipment, net	9,746	9,526
Other Assets
Equity investments in affiliates	349	360
Intangible assets for power purchase agreements, net	2,259	2,303
Other intangible assets, net	72	71
Derivative instruments	111	82
Right-of-use assets, net	615	597
Other non-current assets	213	202
Total other assets	3,619	3,615
Total Assets	14,862	14,701
Current Liabilities
Current portion of long-term debt	565	558
Accounts payable — trade	123	130
Derivative instruments	52	51
Accrued interest expense	42	57
Accrued expenses and other current liabilities	64	79
Total current liabilities	874	906
Other Liabilities
Long-term debt	7,579	7,479
Deferred income taxes	111	127
Derivative instruments	309	281
Long-term lease liabilities	642	627
Other non-current liabilities	300	286
Total other liabilities	8,941	8,800
Total Liabilities	9,815	9,706
Redeemable noncontrolling interest in subsidiaries	2	1
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); 202,080,794 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,391,441, Class D 42,336,750) at March 31, 2024 and 202,080,794 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,391,441, Class D 42,336,750) at December 31, 2023	1	1
Additional paid-in capital	1,741	1,732
Retained earnings	311	361
Accumulated other comprehensive income	5	7
Noncontrolling interest	2,987	2,893
Total Stockholders’ Equity	5,045	4,994
Total Liabilities and Stockholders’ Equity	14,862	14,701
Nonrelated Party
Current Assets
Accounts receivable — trade	184	171
Affiliated Entity
Current Assets
Note receivable — affiliate	178	174
Current Liabilities
Accounts payable — affiliates	$ 28	$ 31

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment


	Three months ended March 31, 2024
(In millions)	Conventional Generation		Renewables		Corporate (a)		Total
Operating revenues	$	95	$	168	$	—	$	263
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	42		85		(1)		126
Depreciation, amortization and accretion	32		122		—		154

General and administrative	—		—		11		11
Transaction and integration costs	—		—		1		1



Operating income (loss)	21		(39)		(11)		(29)
Equity in earnings of unconsolidated affiliates	1		11		—		12

Other income, net	1		10		5		16
Loss on debt extinguishment	—		(1)		—		(1)
Interest expense	(7)		(25)		(25)		(57)
Income (loss) before income taxes	16		(44)		(31)		(59)
Income tax benefit	—		—		(13)		(13)
Net Income (Loss)	$	16	$	(44)	$	(18)	$	(46)
Total Assets	$	2,049	$	12,448	$	365	$	14,862

(a) Includes eliminations.


	Three months ended March 31, 2023
(In millions)	Conventional Generation		Renewables		Corporate (a)		Total
Operating revenues	$	95	$	193	$	—	$	288
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	29		79		—		108
Depreciation, amortization and accretion	33		95		—		128

General and administrative	—		—		10		10


Operating income (loss)	33		19		(10)		42
Equity in earnings (losses) of unconsolidated affiliates	1		(4)		—		(3)

Other income, net	1		1		6		8

Interest expense	(11)		(64)		(24)		(99)
Income (loss) before income taxes	24		(48)		(28)		(52)
Income tax benefit	—		—		(12)		(12)
Net Income (Loss)	$	24	$	(48)	$	(16)	$	(40)

(a) Includes eliminations.

Segment Reporting

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment Reporting

The Company’s segment structure reflects how management currently operates and allocates resources. The Company’s businesses are segregated based on conventional power generation and renewable businesses, which consist of solar, wind and battery energy storage system, or BESS, facilities. The Corporate segment reflects the Company’s corporate costs and includes eliminating entries. The Company’s chief operating decision maker, its Chief Executive Officer, evaluates the performance of its segments based on operational measures including adjusted earnings before interest, taxes, depreciation and amortization, or Adjusted EBITDA, and CAFD, as well as net income (loss).


	Three months ended March 31, 2024
(In millions)	Conventional Generation		Renewables		Corporate (a)		Total
Operating revenues	$	95	$	168	$	—	$	263
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	42		85		(1)		126
Depreciation, amortization and accretion	32		122		—		154

General and administrative	—		—		11		11
Transaction and integration costs	—		—		1		1



Operating income (loss)	21		(39)		(11)		(29)
Equity in earnings of unconsolidated affiliates	1		11		—		12

Other income, net	1		10		5		16
Loss on debt extinguishment	—		(1)		—		(1)
Interest expense	(7)		(25)		(25)		(57)
Income (loss) before income taxes	16		(44)		(31)		(59)
Income tax benefit	—		—		(13)		(13)
Net Income (Loss)	$	16	$	(44)	$	(18)	$	(46)
Total Assets	$	2,049	$	12,448	$	365	$	14,862

(a) Includes eliminations.


	Three months ended March 31, 2023
(In millions)	Conventional Generation		Renewables		Corporate (a)		Total
Operating revenues	$	95	$	193	$	—	$	288
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	29		79		—		108
Depreciation, amortization and accretion	33		95		—		128

General and administrative	—		—		10		10


Operating income (loss)	33		19		(10)		42
Equity in earnings (losses) of unconsolidated affiliates	1		(4)		—		(3)

Other income, net	1		1		6		8

Interest expense	(11)		(64)		(24)		(99)
Income (loss) before income taxes	24		(48)		(28)		(52)
Income tax benefit	—		—		(12)		(12)
Net Income (Loss)	$	24	$	(48)	$	(16)	$	(40)

(a) Includes eliminations.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Related Party Transactions (Details) $ in Millions	3 Months Ended
Related Party Transactions (Details) $ in Millions	Mar. 31, 2024 USD ($) subsidiary	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Related Party Transaction
General and administrative expense	$ 11	$ 10
Related Party \| RENOM
Related Party Transaction
Expenses from transactions with related party	19	17
Due to related party	10		$ 13
Related Party \| CEG
Related Party Transaction
General and administrative expense	1	1
Affiliated Entity \| Administrative Services Agreement
Related Party Transaction
Expenses from transactions with related party	6	$ 4
Due to related party	$ 2		$ 2
Number of wholly owned subsidiaries \| subsidiary	2

Acquisitions and Dispositions - Summary of Assets and Liabilities Transferred (Details) - Texas Solar Nova 2 Drop Down $ in Millions	Mar. 15, 2024 USD ($)
Schedule of Asset Acquisition [Line Items]
Cash	$ 1
Property, plant and equipment	280
Right-of-use assets, net	21
Derivative assets	6
Other current and non-current assets	4
Total assets acquired	312
Long-term debt	194
Long-term lease liabilities	19
Other current and non-current liabilities	27
Total liabilities assumed	240
Net assets acquired	72
Unamortized debt issuance costs	1
Term Loan
Schedule of Asset Acquisition [Line Items]
Long-term debt	80
Tax Equity Bridge Loan
Schedule of Asset Acquisition [Line Items]
Long-term debt	$ 115

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Use of Estimates

The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amounts of net earnings during the reporting periods. Actual results could be different from these estimates.

Cash, Cash Equivalents and Restricted Cash

Cash and cash equivalents include highly liquid investments with an original maturity of three months or less at the time of purchase. Cash and cash equivalents held at subsidiary facilities was $141 million and $125 million as of March 31, 2024 and December 31, 2023, respectively.


	March 31, 2024		December 31, 2023
	(In millions)
Cash and cash equivalents	$	478	$	535
Restricted cash	485		516
Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$	963	$	1,051

Restricted cash consists primarily of funds held to satisfy the requirements of certain debt agreements and funds held within the Company’s facilities that are restricted in their use. As of March 31, 2024, these restricted funds were comprised of $173 million designated to fund operating expenses, $187 million designated for current debt service payments and $87 million restricted for reserves including debt service, performance obligations and other reserves as well as capital expenditures. The remaining $38 million is held in distributions reserve accounts.

Supplemental Cash Flow Information

The following table provides a disaggregation of the amounts classified as Acquisition of Drop Down Assets, net of cash acquired, shown in the consolidated statements of cash flows:


	Three months ended March 31,
	2024		2023
	(In millions)
Cash paid to acquire Drop Down Assets	$	(112)	$	(21)
Cash acquired from the acquisition of Drop Down Assets	1		14
Acquisition of Drop Down Assets, net of cash acquired	$	(111)	$	(7)

Accumulated Depreciation and Accumulated Amortization

The following table presents the accumulated depreciation included in property, plant and equipment, net, and accumulated amortization included in intangible assets, net:


	March 31, 2024		December 31, 2023
	(In millions)
Property, Plant and Equipment Accumulated Depreciation	$	3,633	$	3,485
Intangible Assets Accumulated Amortization	1,055		1,009

Dividends to Class A and Class C Common Stockholders

The following table lists the dividends paid on the Company's Class A and Class C common stock during the three months ended March 31, 2024:


	First Quarter 2024
Dividends per Class A share	$	0.4033
Dividends per Class C share	0.4033

Dividends on the Class A and Class C common stock are subject to available capital, market conditions, and compliance with associated laws, regulations and other contractual obligations. The Company expects that, based on current circumstances, comparable cash dividends will continue to be paid in the foreseeable future.

On May 9, 2024, the Company declared quarterly dividends on its Class A and Class C common stock of $0.4102 per share payable on June 17, 2024 to stockholders of record as of June 3, 2024.

Noncontrolling Interests

Clearway Energy LLC Distributions to CEG

The following table lists distributions paid to CEG during the three months ended March 31, 2024 on Clearway Energy LLC’s Class B and D units:


	First Quarter 2024
Distributions per Class B Unit	$	0.4033
Distributions per Class D Unit	0.4033

On May 9, 2024, Clearway Energy LLC declared a distribution on its Class B and Class D units of $0.4102 per unit payable on June 17, 2024 to unit holders of record as of June 3, 2024.

Revenue Recognition

Disaggregated Revenues

The following tables represent the Company’s disaggregation of revenue from contracts with customers along with the reportable segment for each category:


	Three months ended March 31, 2024
(In millions)	Conventional Generation		Renewables		Total
Energy revenue (a)	$	22	$	221	$	243
Capacity revenue (a)	63		9		72
Other revenues	2		14		16
Contract amortization	(5)		(41)		(46)
Mark-to-market for economic hedges	13		(35)		(22)
Total operating revenues	95		168		263
Less: Mark-to-market for economic hedges	(13)		35		22
Less: Lease revenue	(29)		(177)		(206)
Less: Contract amortization	5		41		46
Total revenue from contracts with customers	$	58	$	67	$	125

(a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842:


(In millions)	Conventional Generation		Renewables		Total
Energy revenue	$	1	$	169	$	170
Capacity revenue	28		8		36

Total	$	29	$	177	$	206


	Three months ended March 31, 2023
(In millions)	Conventional Generation		Renewables		Total
Energy revenue (a)	$	1	$	198	$	199
Capacity revenue (a)	100		5		105
Other revenues	—		12		12
Contract amortization	(6)		(41)		(47)
Mark-to-market for economic hedges	—		19		19
Total operating revenues	95		193		288
Less: Mark-to-market for economic hedges	—		(19)		(19)
Less: Lease revenue	(101)		(156)		(257)
Less: Contract amortization	6		41		47
Total revenue from contracts with customers	$	—	$	59	$	59

(a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842:


(In millions)	Conventional Generation		Renewables		Total
Energy revenue	$	1	$	152	$	153
Capacity revenue	100		4		104
Total	$	101	$	156	$	257

Contract Balances

The following table reflects the contract assets and liabilities included on the Company’s consolidated balance sheets:


	March 31, 2024		December 31, 2023
	(In millions)
Accounts receivable, net - Contracts with customers	$	62	$	66
Accounts receivable, net - Leases	122		105
Total accounts receivable, net	$	184	$	171

Acquisitions (Tables)

3 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of Asset Acquisition

The following is a summary of assets and liabilities transferred in connection with the acquisition as of March 15, 2024:


(In millions)	Texas Solar Nova 2
Cash	$	1
Property, plant and equipment	280
Right-of-use assets, net	21
Derivative assets	6
Other current and non-current assets	4

Total assets acquired	312

Long-term debt (a)	194
Long-term lease liabilities	19
Other current and non-current liabilities	27
Total liabilities assumed	240
Net assets acquired	$	72

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2024	Apr. 30, 2024
Class of Stock [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-36002
Entity Registrant Name	Clearway Energy, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-1777204
Entity Address, Address Line One	300 Carnegie Center, Suite 300
Entity Address, City or Town	Princeton
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08540
City Area Code	609
Local Phone Number	608-1525
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001567683
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Common Class A
Class of Stock [Line Items]
Title of 12(b) Security	Class A Common Stock, par value $0.01
Trading Symbol	CWEN.A
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding (in shares)		34,613,853
Common Class B
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		42,738,750
Common Class C
Class of Stock [Line Items]
Title of 12(b) Security	Class C Common Stock, par value $0.01
Trading Symbol	CWEN
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding (in shares)		82,454,344
Common Class D
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		42,336,750

Fair Value of Financial Instruments - Significant Unobservable Inputs (Details) - Level 3 - Fair Value, Recurring $ in Millions	Mar. 31, 2024 USD ($) $ / MWh $ / BTU MWh
Low \| Measurement Input, Commodity Forward Price \| Valuation Technique, Option Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input \| $ / BTU	1.15
High \| Measurement Input, Commodity Forward Price \| Valuation Technique, Option Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input \| $ / BTU	14.51
Weighted Average \| Measurement Input, Commodity Forward Price \| Valuation Technique, Option Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input \| $ / BTU	5.52
Long-term Power Commodity Contracts \| Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets \| $	$ 0
Liabilities \| $	$ 361
Long-term Power Commodity Contracts \| Low \| Measurement Input, Commodity Forward Price \| Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input \| $ / MWh	19.73
Long-term Power Commodity Contracts \| High \| Measurement Input, Commodity Forward Price \| Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input \| $ / MWh	86.87
Long-term Power Commodity Contracts \| Weighted Average \| Measurement Input, Commodity Forward Price \| Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input \| $ / MWh	43.47
Heat Rate Call Option Commodity Contracts \| Measurement Input, Commodity Forward Price \| Valuation Technique, Option Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets \| $	$ 8
Liabilities \| $	$ 0
Heat Rate Call Option Commodity Contracts \| Low \| Measurement Input, Commodity Forward Price \| Valuation Technique, Option Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input \| $ / MWh	(28.22)
Heat Rate Call Option Commodity Contracts \| High \| Measurement Input, Commodity Forward Price \| Valuation Technique, Option Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input \| $ / MWh	1,321.77
Heat Rate Call Option Commodity Contracts \| Weighted Average \| Measurement Input, Commodity Forward Price \| Valuation Technique, Option Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input \| $ / MWh	53.33
Other Financial Instruments \| Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets \| $	$ 14
Liabilities \| $	$ 0
Other Financial Instruments \| Low \| Measurement Input, Commodity Forward Price \| Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input \| MWh	60,801
Other Financial Instruments \| High \| Measurement Input, Commodity Forward Price \| Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input \| MWh	121,602
Other Financial Instruments \| Weighted Average \| Measurement Input, Commodity Forward Price \| Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset/liability measurement input \| MWh	115,622

Derivative Instruments and Hedging Activities - Volumetric Underlying Derivative Transactions (Details) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) MWh BTU	Dec. 31, 2023 USD ($) MWh BTU
Long \| Interest
Derivatives, Fair Value [Line Items]
Derivative, notional amount \| $	$ 1,610	$ 2,467
Heat Rate Call Option Commodity Contracts \| Short \| Power
Derivatives, Fair Value [Line Items]
Derivative nonmonetary notional amount (energy measure) \| MWh	21	23
Heat Rate Call Option Commodity Contracts \| Short \| Natural Gas
Derivatives, Fair Value [Line Items]
Derivative nonmonetary notional amount (energy measure) \| BTU	16	17

Derivative Instruments and Hedging Activities - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	$ 4,994	$ 4,026
Mark-to-market of cash flow hedge accounting contracts	(1)	(3)
Balance at end of period	5,045	4,153
Accumulated other comprehensive income	5		$ 7
Gains expected to be realized from OCI during the next 12 months, net of income tax expense of $2	4
Accumulated OCL ending balance, income tax expense	2	2
Gains expected to be realized from OCL during the next 12 months, tax expense	2
Accumulated OCI (OCL)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	18	24
Balance at end of period	17	21
Accumulated Foreign Currency Adjustment Including Portion Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassified from accumulated OCI to income due to realization of previously deferred amounts	(1)	0
Mark-to-market of cash flow hedge accounting contracts	0	(3)
Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	2,893	1,792
Balance at end of period	2,987	2,006
Accumulated other comprehensive income	12	13
Accumulated Other Comprehensive Income
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	7	9
Balance at end of period	5	8
Accumulated other comprehensive income	$ 5	$ 8

Fair Value of Financial Instruments - Narrative (Details) $ in Millions	Mar. 31, 2024 USD ($)
Fair Value Disclosures [Abstract]
Percent of derivative assets using level 3 fair value inputs	6.00%
Percent of financial instruments using level 3 fair value inputs	100.00%
Fair value assets, measured on recurring basis, valuation techniques, impact of credit reserve to fair value	$ 12

Investments Accounted for by the Equity Method and Variable Interest Entities - Consolidated Entities (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	$ 3,619	$ 3,615
Property, plant and equipment	9,746	9,526
Total Assets	14,862	14,701
Total liabilities	9,815	$ 9,706
Buckthorn Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	3
Property, plant and equipment	183
Intangible assets	0
Total Assets	186
Total liabilities	12
Noncontrolling interest	13
Net assets less noncontrolling interest	161
DGPV Funds
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	51
Property, plant and equipment	376
Intangible assets	1
Total Assets	428
Total liabilities	49
Noncontrolling interest	5
Net assets less noncontrolling interest	374
Langford TE Partnership LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	24
Property, plant and equipment	113
Intangible assets	0
Total Assets	137
Total liabilities	70
Noncontrolling interest	66
Net assets less noncontrolling interest	1
Daggett Renewable Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	226
Property, plant and equipment	1,389
Intangible assets	0
Total Assets	1,615
Total liabilities	646
Noncontrolling interest	959
Net assets less noncontrolling interest	10
Lighthouse Renewable Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	73
Property, plant and equipment	408
Intangible assets	0
Total Assets	481
Total liabilities	140
Noncontrolling interest	253
Net assets less noncontrolling interest	88
Lighthouse Renewable Holdco 2 LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	165
Property, plant and equipment	1,343
Intangible assets	1
Total Assets	1,509
Total liabilities	565
Noncontrolling interest	712
Net assets less noncontrolling interest	232
Oahu Solar LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	37
Property, plant and equipment	155
Intangible assets	0
Total Assets	192
Total liabilities	22
Noncontrolling interest	22
Net assets less noncontrolling interest	148
Rattlesnake TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	14
Property, plant and equipment	173
Intangible assets	0
Total Assets	187
Total liabilities	17
Noncontrolling interest	81
Net assets less noncontrolling interest	89
Rosie TargetCo LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	303
Property, plant and equipment	528
Intangible assets	0
Total Assets	831
Total liabilities	397
Noncontrolling interest	180
Net assets less noncontrolling interest	254
VP Arica TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	101
Property, plant and equipment	1,019
Intangible assets	2
Total Assets	1,122
Total liabilities	893
Noncontrolling interest	68
Net assets less noncontrolling interest	161
Wildorado TE Holdco LLC
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	29
Property, plant and equipment	184
Intangible assets	0
Total Assets	213
Total liabilities	17
Noncontrolling interest	97
Net assets less noncontrolling interest	99
Other
Schedule of Equity Method Investments [Line Items]
Other current and non-current assets	27
Property, plant and equipment	234
Intangible assets	15
Total Assets	276
Total liabilities	91
Noncontrolling interest	91
Net assets less noncontrolling interest	$ 94

Summary of Significant Accounting Policies - Cash and Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 478	$ 535
Restricted cash	485	516
Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$ 963	$ 1,051	$ 1,013	$ 996

Derivative Instruments and Hedging Activities - FV of Derivatives (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative Assets	$ 165	$ 123
Derivative Liabilities	361	332
Derivatives Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	25	19
Derivative Liabilities	0	2
Derivatives Not Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	140	104
Derivative Liabilities	361	330
Interest rate contracts current \| Derivatives Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	8	7
Derivative Liabilities	0	0
Interest rate contracts current \| Derivatives Not Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	38	33
Derivative Liabilities	0	0
Interest rate contracts long-term \| Derivatives Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	17	12
Derivative Liabilities	0	2
Interest rate contracts long-term \| Derivatives Not Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	94	69
Derivative Liabilities	0	0
Energy-related commodity contracts current \| Derivatives Not Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	8	1
Derivative Liabilities	52	51
Energy-related commodity contracts long-term \| Derivatives Not Designated as Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Derivative Assets	0	1
Derivative Liabilities	$ 309	$ 279

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Revenues
Total operating revenues	$ 263	$ 288
Operating Costs and Expenses
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below	126	108
Depreciation, amortization and accretion	154	128
General and administrative	11	10
Transaction and integration costs	1	0
Total operating costs and expenses	292	246
Operating (Loss) Income	(29)	42
Other Income (Expense)
Equity in earnings (losses) of unconsolidated affiliates	12	(3)
Other income, net	16	8
Loss on debt extinguishment	(1)	0
Interest expense	(57)	(99)
Total other expense, net	(30)	(94)
Loss Before Income Taxes	(59)	(52)
Income tax benefit	(13)	(12)
Net Loss	(46)	(40)
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(44)	(40)
Net Loss Attributable to Clearway Energy, Inc.	(2)	0
Common Class A
Other Income (Expense)
Net Loss Attributable to Clearway Energy, Inc.	$ (1)	$ 0
Loss Per Share Attributable to Clearway Energy, Inc. Class A and Class C Common Stockholders
Weighted average number of common shares outstanding - basic (in shares)	35	35
Weighted average number of common shares outstanding - diluted (in shares)	35	35
Loss per weighted average common share — basic (in dollars per share)	$ (0.02)	$ 0
Loss per weighted average common share — diluted (in dollars per share)	(0.02)	0
Dividends per common share (in usd per share)	$ 0.4033	$ 0.3745
Common Class C
Other Income (Expense)
Net Loss Attributable to Clearway Energy, Inc.	$ (1)	$ 0
Loss Per Share Attributable to Clearway Energy, Inc. Class A and Class C Common Stockholders
Weighted average number of common shares outstanding - basic (in shares)	82	82
Weighted average number of common shares outstanding - diluted (in shares)	82	82
Loss per weighted average common share — basic (in dollars per share)	$ (0.02)	$ 0
Loss per weighted average common share — diluted (in dollars per share)	(0.02)	0
Dividends per common share (in usd per share)	$ 0.4033	$ 0.3745