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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2019
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 statements of cash flows.
 
June 30,
 
December 31,
 
2019
 
2018
 
(in millions)
Cash and cash equivalents
$
93

 
$
407

Restricted cash
203

 
176

Cash, cash equivalents and restricted cash shown in the statement of cash flows
$
296

 
$
583


Schedule of Accumulated Amortization and Depreciation
The following table presents the accumulated depreciation included in the property, plant and equipment, net, and accumulated amortization included in intangible assets, net, respectively, as of June 30, 2019 and December 31, 2018:
 
June 30, 2019
 
December 31, 2018
 
(In millions)
Property, Plant and Equipment Accumulated Depreciation
$
1,731

 
$
1,590

Intangible Assets Accumulated Amortization
343

 
308


Dividends Declared
The following table lists the dividends paid on the Company's Class A common stock and Class C common stock during the six months ended June 30, 2019:
 
 
Second Quarter 2019
 
First Quarter 2019
Dividends per Class A share
 
$
0.20

 
$
0.20

Dividends per Class C share
 
$
0.20

 
$
0.20


Distributions Made to Limited Liability Company (LLC) Member, by Distribution
The following table lists distributions paid to CEG during the period ended June 30, 2019 on Clearway Energy LLC's Class B and D units:
 
 
Second Quarter 2019
 
First Quarter 2019
Distributions per Class B Unit
 
$
0.20

 
$
0.20

Distributions per Class D Unit
 
$
0.20

 
$
0.20


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 for the three and six months ended June 30, 2019:
 
Three months ended June 30, 2019
(In millions)
Conventional Generation
 
Renewables
 
Thermal
 
Total
Energy revenue(a)
$
1

 
$
166

 
$
2

 
$
169

Capacity revenue(a)
85

 

 
38

 
123

Contract amortization
(2
)
 
(15
)
 

 
(17
)
Other revenue

 
2

 
7

 
9

Total operating revenue
84

 
153

 
47

 
284

Less: Lease revenue
(86
)
 
(157
)
 
(1
)
 
(244
)
Less: Contract amortization
2

 
15

 

 
17

Total revenue from contracts with customers
$

 
$
11

 
$
46

 
$
57

 
(a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 842:
 
 
Conventional Generation
 
Renewables
 
Thermal
 
Total
Energy revenue
 
$
1

 
$
157

 
$
1

 
$
159

Capacity revenue
 
85

 

 

 
85

 
 
$
86

 
$
157

 
$
1

 
$
244



 
Six months ended June 30, 2019
(In millions)
Conventional Generation
 
Renewables
 
Thermal
 
Total
Energy revenue(a)
$
2

 
$
274

 
$
3

 
$
279

Capacity revenue(a)
164

 

 
82

 
246

Contract amortization
(3
)
 
(30
)
 
(1
)
 
(34
)
Mark-to-market for economic hedging activities

 
(7
)
 

 
(7
)
Other revenue

 
4

 
13

 
17

Total operating revenue
163

 
241

 
97

 
501

Less: Mark-to-market for economic hedging activities

 
7

 

 
7

Less: Lease revenue
(166
)
 
(256
)
 
(1
)
 
(423
)
Less: Contract amortization
3

 
30

 
1

 
34

Total revenue from contracts with customers
$

 
$
22

 
$
97

 
$
119


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

 
 
Conventional Generation
 
Renewables
 
Thermal
 
Total
Energy revenue
 
$
2

 
$
256

 
$
1

 
$
259

Capacity revenue
 
164

 

 

 
164

Total
 
$
166

 
$
256

 
$
1

 
$
423


The following tables represent the Company’s disaggregation of revenue from contracts with customers along with the reportable segment for each category for the three and six months ended June 30, 2018:
 
Three months ended June 30, 2018
(In millions)
Conventional Generation
 
Renewables
 
Thermal
 
Total
Energy revenue(a)
$
2

 
$
188

 
$
1

 
$
191

Capacity revenue(a)
85

 

 
38

 
123

Contract amortization
(2
)
 
(16
)
 

 
(18
)
Other revenue

 
5

 
6

 
11

Total operating revenue
85

 
177

 
45

 
307

Less: Lease revenue
(86
)
 
(181
)
 
(1
)
 
(268
)
Less: Contract amortization
2

 
16

 

 
18

Total revenue from contracts with customers
$
1

 
$
12

 
$
44

 
$
57

 
(a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 840:

 
 
Conventional Generation
 
Renewables
 
Thermal
 
Total
Energy revenue
 
$
1

 
$
181

 
$
1

 
$
183

Capacity revenue
 
85

 

 

 
85

 
 
$
86

 
$
181

 
$
1

 
$
268


 
Six months ended June 30, 2018
(In millions)
Conventional Generation
 
Renewables
 
Thermal
 
Total
Energy revenue(a)
$
3

 
$
300

 
$
2

 
$
305

Capacity revenue(a)
164

 

 
80

 
244

Contract amortization
(3
)
 
(31
)
 
(1
)
 
(35
)
Other revenue

 
6

 
12

 
18

Total operating revenue
164

 
275

 
93

 
532

Less: Lease revenue
(167
)
 
(280
)
 
(1
)
 
(448
)
Less: Contract amortization
3

 
31

 
1

 
35

Total revenue from contracts with customers
$

 
$
26

 
$
93

 
$
119

 
(a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 840:

 
 
Conventional Generation
 
Renewables
 
Thermal
 
Total
Energy revenue
 
$
3

 
$
280

 
$
1

 
$
284

Capacity revenue
 
164

 

 

 
164

 
 
$
167

 
$
280

 
$
1

 
$
448


Contract with Customer, Asset and Liability
The following table reflects the contract assets and liabilities included on the Company’s balance sheet as of June 30, 2019:
(In millions)
 
June 30, 2019
Accounts receivable, net - Contracts with customers
 
$
37

Accounts receivable, net - Leases
 
94

Total accounts receivable, net (a)
 
$
131


 
(a) Total accounts receivable, net, excludes $5 million generated at projects affected by PG&E Bankruptcy, which were reclassified to non-current assets as of June 30, 2019.