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Revenue (Notes)
 9 Months Ended
Sep. 30, 2023
Revenue from Contracts with Customers [Abstract]  
Revenue from Contract with Customer [Text Block] REVENUE
The following table presents our revenue from contracts with customers and other revenue for the periods indicated (in millions):
Three Months Ended September 30, 2023
Renewables SBUUtilities SBUEnergy Infrastructure SBUNew Energy Technologies SBUCorporate, Other and EliminationsTotal
Non-Regulated Revenue
Revenue from contracts with customers
$672 $16 $1,655 $— $(14)$2,329 
Other non-regulated revenue (1)
36 1 206 — (1)242 
Total non-regulated revenue
708 17 1,861 — (15)2,571 
Regulated Revenue
Revenue from contracts with customers
— 855 — — — 855 
Other regulated revenue
— 8 — — — 8 
Total regulated revenue
— 863 — — — 863 
Total revenue
$708 $880 $1,861 $— $(15)$3,434 
Three Months Ended September 30, 2022
Renewables SBUUtilities SBUEnergy Infrastructure SBUNew Energy Technologies SBUCorporate, Other and EliminationsTotal
Non-Regulated Revenue
Revenue from contracts with customers$494 $17 $2,030 $— $(25)$2,516 
Other non-regulated revenue (1)
38 1 96 — — 135 
Total non-regulated revenue532 18 2,126 — (25)2,651 
Regulated Revenue
Revenue from contracts with customers— 968 — — — 968 
Other regulated revenue— 8 — — — 8 
Total regulated revenue— 976 — — — 976 
Total revenue$532 $994 $2,126 $— $(25)$3,627 
Nine Months Ended September 30, 2023
Renewables SBUUtilities SBUEnergy Infrastructure SBUNew Energy Technologies SBUCorporate, Other and EliminationsTotal
Non-Regulated Revenue
Revenue from contracts with customers
$1,654 $51 $4,717 $74 $(60)$6,436 
Other non-regulated revenue (1)
90 3 522 1 (1)615 
Total non-regulated revenue
1,744 54 5,239 75 (61)7,051 
Regulated Revenue
Revenue from contracts with customers
— 2,624 — — — 2,624 
Other regulated revenue
— 25 — — — 25 
Total regulated revenue
— 2,649 — — — 2,649 
Total revenue
$1,744 $2,703 $5,239 $75 $(61)$9,700 
Nine Months Ended September 30, 2022
Renewables SBUUtilities SBUEnergy Infrastructure SBUNew Energy Technologies SBUCorporate, Other and EliminationsTotal
Non-Regulated Revenue
Revenue from contracts with customers$1,325 $58 $5,207 $1 $(79)$6,512 
Other non-regulated revenue (1)
82 3 346 1 — 432 
Total non-regulated revenue1,407 61 5,553 2 (79)6,944 
Regulated Revenue
Revenue from contracts with customers— 2,590 — — — 2,590 
Other regulated revenue— 23 — — — 23 
Total regulated revenue— 2,613 — — — 2,613 
Total revenue$1,407 $2,674 $5,553 $2 $(79)$9,557 
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(1)         Other non-regulated revenue primarily includes lease and derivative revenue not accounted for under ASC 606.
Contract Balances — The timing of revenue recognition, billings, and cash collections results in accounts receivable and contract liabilities. The contract liabilities from contracts with customers were $379 million and $337 million as of September 30, 2023 and December 31, 2022, respectively.
During the nine months ended September 30, 2023 and 2022, we recognized revenue of $30 million and $34 million, respectively, that was included in the corresponding contract liability balance at the beginning of the periods.
In June 2023, the Company closed on an agreement to terminate the PPA for the Warrior Run coal-fired power plant for total consideration of $357 million, to be paid by the offtaker through the end of the previous contract term in January 2030. Under the termination agreement, the plant will continue providing capacity through May 2024. The termination represents a contract modification under which the discounted termination payments, as well as a pre-existing contract liability, will be recognized as revenue on a straight-line basis over the remaining performance obligation period for approximately $32 million per month. As of September 30, 2023, the corresponding receivable balance was $77 million, of which $40 million and $37 million was recorded in Other current assets and Other noncurrent assets, respectively, on the Condensed Consolidated Balance Sheet. A significant financing component of $57 million will be recognized over the life of the payment term as interest income using the effective interest method.
A significant financing arrangement exists for our Mong Duong plant in Vietnam. The plant was constructed under a build, operate, and transfer contract and will be transferred to the Vietnamese government after the completion of a 25 year PPA. The performance obligation to construct the facility was substantially completed in 2015. Contract consideration related to the construction, but not yet collected through the 25 year PPA, was reflected on the Condensed Consolidated Balance Sheet. As of September 30, 2023 and December 31, 2022, the Mong Duong loan receivable had a balance of $1.1 billion, net of CECL reserves of $26 million and $28 million, respectively. Of the loan receivable balance, $105 million and $97 million, respectively, was classified as Other current assets, and $990 million and $1 billion, respectively, was classified as Loan receivable on the Condensed Consolidated Balance Sheets.
Remaining Performance Obligations — The transaction price allocated to remaining performance obligations represents future consideration for unsatisfied (or partially unsatisfied) performance obligations at the end of the reporting period. As of September 30, 2023, the aggregate amount of transaction price allocated to remaining performance obligations was $6 million, primarily consisting of fixed consideration for the sale of renewable energy credits in long-term contracts in the U.S. We expect to recognize revenue of approximately $1 million per year between 2023 and 2027 and the remainder thereafter