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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Customers accounting for more than 10% of revenue
The Company generated more than 10% of its revenues from the following customers for the years ended December 31, 2021, 2020 and 2019:
202120202019
CustomerConventional RenewablesConventional RenewablesConventional Renewables
SCE17%16%18%16%21%19%
PG&E10%13%10%8%12%10%
Segment reporting information
Year ended December 31, 2021
(In millions)Conventional GenerationRenewablesThermal
Corporate (a)
Total
Operating revenues $441 $641 $204 $— $1,286 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below90 229 134 (2)451 
Depreciation, amortization and accretion132 354 23 — 509 
Impairment losses
— — — 
General and administrative
— — 36 40 
Transaction and integration costs— — — 
Development costs
— — 
Operating income (loss)
219 52 39 (43)267 
Equity in earnings of unconsolidated affiliates26 — — 32 
Other income, net— — 
Loss on debt extinguishment— (1)— (52)(53)
Interest expense, net (53)(142)(18)(99)(312)
Income (loss) before income taxes
172 (63)22 (194)(63)
Income tax expense— — 10 12 
Net Income (Loss)
172 (65)22 (204)(75)
Net Income (Loss) Attributable to Clearway Energy, Inc.
$172 $109 $22 $(252)$51 
Balance Sheet
Equity investment in affiliates
$86 $295 $— $— $381 
Capital expenditures (b)
12 77 29 119 
Total Assets (c)
$2,442 $9,603 $631 $137 12,813 
(a) Includes eliminations
(b) Includes accruals
(c) Thermal Business assets were reclassified to held for sale during the fourth quarter of 2021.
Year ended December 31, 2020
(In millions)Conventional GenerationRenewablesThermal
Corporate (a)
Total
Operating revenues$437 $569 $193 $— $1,199 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below90 147 131 (2)366 
Depreciation, amortization and accretion132 264 32 — 428 
Impairment losses
— 24 — — 24 
General and administrative
— — 31 34 
Transaction and integration costs— — — 
Development costs
— — — 
Operating income (loss)
215 134 22 (38)333 
Equity in earnings (losses) of unconsolidated affiliates(1)— — 
Impairment loss on investment — (8)— — (8)
Gain on sale of unconsolidated affiliates — — — 49 49 
Other income, net— — 
Loss on debt extinguishment— (21)— (3)(24)
Interest expense, net (84)(216)(19)(96)(415)
Income (loss) before income taxes
140 (109)(88)(54)
Income tax expense— — — 
Net Income (Loss)
140 (109)(96)(62)
Net Income (Loss) Attributable to Clearway Energy, Inc.
$140 $$$(121)$25 
Balance Sheet
Equity investments in affiliates
$90 $651 $— $— $741 
Capital expenditures (b)
12 44 50 — 106 
Total Assets
$2,575 $7,157 $627 $233 $10,592 
(a) Includes eliminations
(b) Includes accruals
Year ended December 31, 2019
(In millions)Conventional GenerationRenewablesThermal
Corporate (a)
Total
Operating revenues$346 $485 $201 $— $1,032 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below60 143 134 — 337 
Depreciation, amortization and accretion103 271 27 — 401 
Impairment losses
— 14 19 — 33 
General and administrative
— 25 29 
Transaction and integration costs— — — 
Development costs— — — 
Operating income (loss)
183 56 13 (28)224 
Equity in earnings of unconsolidated affiliates74 — — 83 
Other income, net— 
Loss on debt extinguishment— (1)— (15)(16)
Interest expense, net (59)(239)(18)(88)(404)
Income (loss) before income taxes135 (104)(5)(130)(104)
Income tax benefit— — — (8)(8)
Net Income (Loss)
135 (104)(5)(122)(96)
Net Income (Loss) Attributable to Clearway Energy, Inc.
$135 $(33)$(5)$(108)$(11)
(a) Includes eliminations