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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

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:


	September 30, 2020		December 31, 2019
	(In millions)
Cash and cash equivalents	$	359	$	155
Restricted cash	178		262
Cash, cash equivalents and restricted cash shown in the statement of cash flows	$	537	$	417

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 September 30, 2020 and December 31, 2019:


	September 30, 2020		December 31, 2019
	(In millions)
Property, Plant and Equipment Accumulated Depreciation	$	2,135	$	1,880
Intangible Assets Accumulated Amortization	461		394

Dividends Declared

The following table lists the dividends paid on the Company's Class A common stock and Class C common stock during the nine months ended September 30, 2020:


	Third Quarter 2020		Second Quarter 2020		First Quarter 2020
Dividends per Class A share	$	0.3125	$	0.2100	$	0.2100
Dividends per Class C share	$	0.3125	$	0.2100	$	0.2100

The following table lists the dividends paid on the Company's Class A common stock and Class C common stock during the nine months ended September 30, 2020:


	Third Quarter 2020		Second Quarter 2020		First Quarter 2020
Dividends per Class A share	$	0.3125	$	0.2100	$	0.2100
Dividends per Class C share	$	0.3125	$	0.2100	$	0.2100

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

The following table lists distributions paid to CEG during the period ended September 30, 2020 on Clearway Energy LLC's Class B and D units:


	Third Quarter 2020		Second Quarter 2020		First Quarter 2020
Distributions per Class B Unit	$	0.3125	$	0.2100	$	0.2100
Distributions per Class D Unit	$	0.3125	$	0.2100	$	0.2100

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 nine months ended September 30, 2020 and 2019 respectively:


	Three months ended September 30, 2020
(In millions)	Conventional Generation		Renewables		Thermal		Total
Energy revenue(a)	$	3	$	166	$	27	$	196
Capacity revenue(a)	119		—		24		143
Contract amortization	(6)		(15)		(1)		(22)
Other revenue	—		6		9		15

Total operating revenue	116		157		59		332

Less: Lease revenue	(122)		(153)		—		(275)
Less: Contract amortization	6		15		1		22
Total revenue from contracts with customers	$	—	$	19	$	60	$	79

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


(In millions)	Conventional Generation		Renewables		Thermal		Total
Energy revenue	$	3	$	153	$	—	$	156
Capacity revenue	119		—		—		119
Total	$	122	$	153	$	—	$	275


	Nine months ended September 30, 2020
(In millions)	Conventional Generation		Renewables		Thermal		Total
Energy revenue(a)	$	6	$	486	$	77	$	569
Capacity revenue(a)	338		—		50		388
Contract amortization	(18)		(46)		(2)		(66)
Other revenue	—		12		24		36
Mark-to-market for economic hedges	—		(8)		—		(8)
Total operating revenue	326		444		149		919
Less: Mark-to-market for economic hedges	—		8		—		8
Less: Lease revenue	(344)		(449)		(1)		(794)
Less: Contract amortization	18		46		2		66
Total revenue from contracts with customers	$	—	$	49	$	150	$	199

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


(In millions)	Conventional Generation		Renewables		Thermal		Total
Energy revenue	$	6	$	449	$	1	$	456
Capacity revenue	338		—		—		338
Total	$	344	$	449	$	1	$	794


	Three months ended September 30, 2019
(In millions)	Conventional Generation		Renewables		Thermal		Total
Energy revenue(a)	$	2	$	167	$	33	$	202
Capacity revenue(a)	89		—		14		103
Contract amortization	(1)		(16)		(1)		(18)
Mark-to-market for economic hedges	—		(2)		—		(2)
Other revenue	—		2		9		11
Total operating revenue	90		151		55		296
Less: Mark-to-market for economic hedges	—		2		—		2
Less: Lease revenue	(91)		(160)		(1)		(252)
Less: Contract amortization	1		16		1		18
Total revenue from contracts with customers	$	—	$	9	$	55	$	64

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


(In millions)	Conventional Generation		Renewables		Thermal		Total
Energy revenue	$	2	$	160	$	1	$	163
Capacity revenue	89		—		—		89
Total	$	91	$	160	$	1	$	252


	Nine months ended September 30, 2019
(In millions)	Conventional Generation		Renewables		Thermal		Total
Energy revenue(a)	$	4	$	441	$	91	$	536
Capacity revenue(a)	253		—		41		294
Contract amortization	(4)		(46)		(2)		(52)
Mark-to-market for economic hedges	—		(9)		—		(9)
Other revenue	—		6		22		28
Total operating revenue	253		392		152		797
Less: Mark-to-market for economic hedges	—		9		—		9
Less: Lease revenue	(257)		(416)		(2)		(675)
Less: Contract amortization	4		46		2		52
Total revenue from contracts with customers	$	—	$	31	$	152	$	183

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


(In millions)	Conventional Generation		Renewables		Thermal		Total
Energy revenue	$	4	$	416	$	2	$	422
Capacity revenue	253		—		—		253
Total	$	257	$	416	$	2	$	675

Contract with Customer, Asset and Liability

The following table reflects the contract assets and liabilities included on the Company’s balance sheet as of September 30, 2020:


(In millions)
Accounts receivable, net - Contracts with customers	$	37
Accounts receivable, net - Leases	119
Total accounts receivable, net	$	156