Nature of Business |
6 Months Ended |
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Jun. 30, 2026 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Nature of Business | Nature of Business Clearway Energy LLC, together with its consolidated subsidiaries, or the Company, is an energy infrastructure investor with a focus on investments in clean energy and owner of modern, sustainable and long-term contracted assets across North America. The Company is sponsored by Clearway Energy Group LLC, or CEG. The Company is one of the largest owners of clean energy generation assets in the U.S. The Company’s portfolio comprises approximately 13.9 GW of gross capacity in 27 states, including approximately 11.1 GW of wind, solar and battery energy storage systems, or BESS, and approximately 2.8 GW of dispatchable combustion-based power generation assets included in the Flexible Generation segment that provide critical grid reliability services. Through this environmentally-sound, diversified and primarily contracted portfolio, the Company endeavors to provide its investors with stable and growing distributions. The majority of the Company’s revenues are derived from long-term contractual arrangements for the output or capacity from these assets. Clearway Energy, Inc., or Clearway, Inc., consolidates the results of the Company through its controlling interest, with CEG’s interest shown as contributed capital in the Company’s consolidated financial statements. The holders of Clearway, Inc.’s outstanding shares of Class C common stock are entitled to dividends as declared. CEG receives its distributions from the Company through its ownership of the Company’s Class B and Class D units. From time to time, CEG may also hold shares of Clearway, Inc.’s Class A and/or Class C common stock. As of June 30, 2026, Clearway, Inc. owned 59.03% of the economic interests of the Company, with CEG owning 40.97% of the economic interests of the Company. The diagram below represents a summarized structure of the Company as of June 30, 2026: ![]() Class A Conversion On April 29, 2026, at Clearway, Inc.’s Annual Meeting of Stockholders, Clearway, Inc.’s stockholders approved a Second Amended and Restated Certificate of Incorporation, or the Amended Charter, pursuant to which each outstanding share of Clearway, Inc.’s Class A common stock was converted into one share of Clearway, Inc.’s Class C common stock, effective May 1, 2026, referred to as the Class A Conversion. Accordingly, Clearway, Inc. no longer has any Class A common stock outstanding. Effective concurrently with the Class A Conversion, each outstanding Class A unit of the Company was converted into one Class C unit of the Company. See Note 8, Members’ Equity, for further discussion of the Class A Conversion. Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the SEC’s regulations for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. Certain prior period financial information included in these unaudited interim consolidated financial statements has been revised to correct immaterial errors. See Note 11, Revision of Previously Issued Unaudited Financial Information, for additional information. The following notes should be read in conjunction with the accounting policies and other disclosures as set forth in the notes to the consolidated financial statements included in the Company’s 2025 Form 10-K. Interim results are not necessarily indicative of results for a full year. In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all material adjustments consisting of normal and recurring accruals necessary for a fair statement of the Company’s consolidated financial position as of June 30, 2026 and December 31, 2025, and results of operations, comprehensive income and cash flows for the three and six months ended June 30, 2026 and 2025.
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