v3.26.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 250 $ 231
Restricted cash 292 587
Inventory 88 75
Derivative instruments 47 29
Prepayments and other current assets 82 63
Total current assets 1,057 1,148
Property, plant and equipment, net 11,686 11,596
Other Assets    
Equity investments in affiliates 375 291
Intangible assets for power purchase agreements, net 2,323 2,294
Other intangible assets, net 65 66
Derivative instruments 146 127
Right-of-use assets, net 769 714
Other non-current assets 311 208
Total other assets 3,989 3,700
Total Assets 16,732 16,444
Current Liabilities    
Current portion of long-term debt — external 570 708
Current portion of long-term debt — affiliate 4 6
Accounts payable — trade 130 95
Derivative instruments 14 52
Accrued interest expense 72 52
Accrued expenses and other current liabilities 68 78
Total current liabilities 885 1,023
Other Liabilities    
Long-term debt — external 8,491 7,898
Deferred income taxes 1 2
Derivative instruments 79 308
Long-term lease liabilities 829 796
Other non-current liabilities 468 389
Total other liabilities 9,868 9,393
Total Liabilities 10,753 10,416
Redeemable noncontrolling interest in subsidiaries 124 103
Commitments and Contingencies
Members’ Equity    
Contributed capital 489 641
Retained earnings 1,057 875
Accumulated other comprehensive income (loss) 20 (10)
Noncontrolling interest 4,289 4,419
Total Members’ Equity 5,855 5,925
Total Liabilities and Members’ Equity 16,732 16,444
Trade    
Current Assets    
Accounts receivable 296 162
Affiliates    
Current Assets    
Accounts receivable 2 1
Current Liabilities    
Accounts payable — affiliates $ 27 $ 32