v3.24.3
Long-term Debt (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt The Company’s borrowings, including short-term and long-term portions, consisted of the following:
(In millions, except rates)September 30, 2024December 31, 2023
September 30, 2024 interest rate % (a)
Letters of Credit Outstanding at September 30, 2024
2028 Senior Notes$850 $850 4.750 
2031 Senior Notes925 925 3.750 
2032 Senior Notes350 350 3.750 
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility, due 2028 (b)
— — 
S+1.500
$108 
Non-recourse facility-level debt:
Agua Caliente Solar LLC, due 2037591 612 
2.395-3.633
14 
Alta Wind Asset Management LLC, due 203110 11 
S+2.775
— 
Alta Wind I-V lease financing arrangements, due 2034 and 2035629 660 
5.696-7.015
67 
Alta Wind Realty Investments LLC, due 203118 20 7.000 — 
Borrego, due 2024 and 203846 48 Various4 
Broken Bow, due 203138 41 
S+2.350
6 
Buckthorn Solar, due 2025113 116 
S+2.100
21 
Carlsbad Energy Holdings LLC, due 202776 93 
S+1.900
68 
Carlsbad Energy Holdings LLC, due 2038407 407 4.120 — 
Carlsbad Holdco, LLC, due 2038195 195 4.210 6 
Cedar Creek, due 2029109 — 
S+1.625
19 
Cedro Hill, due 2024 and 2029186 165 
S+1.250-1.375
— 
Crofton Bluffs, due 203125 27 
S+2.350
3 
CVSR, due 2037573 601 
2.339-3.775
12 
CVSR Holdco Notes, due 2037143 152 4.680 — 
Daggett 2, due 2028155 156 
S+1.762
32 
Daggett 3, due 2028217 217 
S+1.762
44 
DG-CS Master Borrower LLC, due 2040356 385 3.510 30 
Mililani Class B Member Holdco LLC, due 202890 92 
S+1.600
18 
Natural Gas Holdco LC Facility, due 2027— — 
S+1.750
107 
NIMH Solar, due 2031 and 2033130 148 
S+2.000-2.125
17 
Oahu Solar Holdings LLC, due 202679 81 
S+1.525
10 
Rosie Class B LLC, due 2029192 347 
S+1.750
31 
Texas Solar Nova 1, due 2028 (c)
— 102 — 
TSN1 Class B Member LLC, due 2029 (c)
179 — 
S+1.750
54 
Utah Solar Holdings, due 2036238 242 3.590 161 
Viento Funding II, LLC, due 2029 164 175 
S+1.475
29 
Victory Pass and Arica, due 2024— 757 — 
Other 115 124 Various76 
Subtotal non-recourse facility-level debt5,074 5,974 
Total debt7,199 8,099 
Less current maturities(412)(558)
Less net debt issuance costs(57)(65)
Add premiums (d)
2 3 
Total long-term debt$6,732 $7,479 
(a) As of September 30, 2024, S+ equals SOFR plus x%.
(b) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement, and only applies to outstanding borrowings.
(c) On March 15, 2024, Texas Solar Nova 1’s financing agreement was amended to merge the facility-level debt of Texas Solar Nova 1 and Texas Solar Nova 2 as a combined term loan under TSN1 Class B Member LLC.
(d) Premiums relate to the 2028 Senior Notes.