v3.26.1
Long-term Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
This note should be read in conjunction with the complete description under Item 15 — Note 10, Long-term Debt, to the consolidated financial statements included in the Company’s 2025 Form 10-K. The Company’s borrowings, including short-term and long-term portions, consisted of the following:
Maturity DateJune 30, 2026December 31, 2025
Interest Rate (a)
(In millions)
Intercompany Note with Clearway, Inc.2026$4 $6 3.79 %
Senior Notes 2028-20342,725 2,125 
3.750% - 5.750%
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility (b) (c)
202860 361 
S+1.750%
Non-recourse facility-level debt:
Fixed rate2031-20403,195 3,001 
2.339% - 8.000%
Variable rate2026-20363,157 3,187 
S+1.375% - 2.750%
Total debt9,141 8,680 
Less current maturities(574)(714)
Less net debt issuance costs(80)(70)
Add premiums (d)
4 2 
Total long-term debt$8,491 $7,898 
(a) As of June 30, 2026, S+ equals SOFR plus x%.
(b) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement.
(c) During July 2026, the Company borrowed an additional $45 million under the revolving credit facility and subsequently repaid $50 million. As of July 31, 2026, the Company had $55 million in outstanding borrowings under the revolving credit facility.
(d) Premiums relate to the 2028 Senior Notes and the debt assumed in the Cardinal Portfolio acquisition.