Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule Of Future Minimum Payments For Commodities

At December 31, 2019, we had future commitments for the purchase, transportation, or storage of commodities as detailed below (in millions):

2020	$	402
2021	178
2022	121
2023	98
2024	41
Thereafter	103
Total	$	943

Schedule of Guarantor Obligations

At December 31, 2019, guarantees of subsidiary debt, standby letters of credit and surety bonds to third parties and the guarantee under our Account Receivable Sales Program and their respective expiration dates were as follows (in millions):

Guarantee Commitments	2020		2021		2022		2023		2024		Thereafter		Total
Guarantee of subsidiary obligations(1)	$	30	$	29	$	24	$	14	$	13	$	39	$	149
Standby letters of credit(2)(3)(4)	1,015		32		—		38		—		—		1,085
Surety bonds(4)(5)(6)	10		7		—		—		—		94		111
Guarantee under Accounts Receivable Sales Program(7)	222		—		—		—		—		—		222
Total	$	1,277	$	68	$	24	$	52	$	13	$	133	$	1,567

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(1) Represents Calpine Corporation guarantees of certain power plant leases and related interest. All guaranteed finance leases are recorded on our Consolidated Balance Sheets.

(2) The standby letters of credit disclosed above represent those disclosed in Note 8.

(3) Letters of credit are renewed annually and as such all amounts are reflected in the year of letter of credit expiration. The related commercial obligations extend for multiple years, therefore, renewal of the letter of credit will likely follow the term of the associated commercial obligation.

(4) These are contingent off balance sheet obligations.

(5) The majority of surety bonds do not have expiration or cancellation dates.

(6) As of December 31, 2019, no cash collateral is outstanding related to these bonds.

(7) Calpine has guaranteed the performance of Calpine Solutions under the Accounts Receivable Sales Program. The Accounts Receivable Sales Program expires on November 27, 2020.