v3.24.3
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
CEG
Tax Equity Investors
Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings
Retained Earnings
CEG
Accumulated Other Comprehensive Income
Noncontrolling Interest
Noncontrolling Interest
CEG
Noncontrolling Interest
Tax Equity Investors
Balance at beginning of period at Dec. 31, 2022 $ 4,026     $ 0 $ 1 $ 1,761 $ 463   $ 9 $ 1,792    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) (43)                 (43)    
Unrealized (loss) gain on derivatives and changes in accumulated OCI, net of tax (3)               (1) (2)    
Contributions, net   $ 30 $ 215               $ 30 $ 215
Transfers of assets under common control (6)         (52)       46    
Non-cash adjustments for change in tax basis 9         9            
Stock-based compensation 1         1            
Common stock dividends and distributions to CEG unit holders   (76)           $ (44)     (32)  
Balance at end of period at Mar. 31, 2023 4,153     0 1 1,719 419   8 2,006    
Balance at beginning of period at Dec. 31, 2022 4,026     0 1 1,761 463   9 1,792    
Balance at end of period at Sep. 30, 2023 4,250     0 1 1,728 370   11 2,140    
Balance at beginning of period at Mar. 31, 2023 4,153     0 1 1,719 419   8 2,006    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) 78           38     40    
Unrealized (loss) gain on derivatives and changes in accumulated OCI, net of tax 3               1 2    
Distributions to CEG, net of contributions, cash   (4)                 (4)  
Distributions to noncontrolling interests, net of contributions, cash     (5)                 (5)
Tax-related distributions (19)                 (19)    
Stock-based compensation (1)         (1)            
Common stock dividends and distributions to CEG unit holders   (77)           (45)     (32)  
Other (1)                 (1)    
Balance at end of period at Jun. 30, 2023 4,127     0 1 1,718 412   9 1,987    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) 10           4     6    
Unrealized (loss) gain on derivatives and changes in accumulated OCI, net of tax 8               2 6    
Distributions to CEG, cash   (1)                 (1)  
Contributions, net 12                 12    
Transfers of assets under common control 171         0       171    
Distributions to noncontrolling interests, net of contributions, non-cash     (7)                 (7)
Tax-related distributions (2)                 (2)    
Non-cash adjustments for change in tax basis 8         8            
Stock-based compensation 1         2 (1)          
Common stock dividends and distributions to CEG unit holders   (78)           (45)     (33)  
Other 1                 1    
Balance at end of period at Sep. 30, 2023 4,250     0 1 1,728 370   11 2,140    
Balance at beginning of period at Dec. 31, 2023 4,994     0 1 1,732 361   7 2,893    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) (47)           (2)     (45)    
Unrealized (loss) gain on derivatives and changes in accumulated OCI, net of tax (1)               (2) 1    
Distributions to CEG, net of contributions, cash   (1)                 (1)  
Contributions, net     215                 215
Transfers of assets under common control (40)         2       (42)    
Non-cash adjustments for change in tax basis 6         6            
Stock-based compensation 1         1            
Common stock dividends and distributions to CEG unit holders   (81)           (47)     (34)  
Other (1)           (1)          
Balance at end of period at Mar. 31, 2024 5,045     0 1 1,741 311   5 2,987    
Balance at beginning of period at Dec. 31, 2023 4,994     0 1 1,732 361   7 2,893    
Balance at end of period at Sep. 30, 2024 5,624     0 1 1,831 301   1 3,490    
Balance at beginning of period at Mar. 31, 2024 5,045     0 1 1,741 311   5 2,987    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) 0           51     (51)    
Unrealized (loss) gain on derivatives and changes in accumulated OCI, net of tax 1                 1    
Contributions, net   222 988               222 988
Transfers of assets under common control (544)         5       (549)    
Distributions to noncontrolling interests, net of contributions, non-cash     (1)                 (1)
Non-cash adjustments for change in tax basis 85         85            
Stock-based compensation (1)         (1)            
Common stock dividends and distributions to CEG unit holders   (83)           (48)     (35)  
Other (1)                 (1)    
Balance at end of period at Jun. 30, 2024 5,711     0 1 1,830 314   5 3,561    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) 23           36     (13)    
Unrealized (loss) gain on derivatives and changes in accumulated OCI, net of tax (13)               (4) (9)    
Contributions from CEG, cash   6                 6  
Distributions to noncontrolling interests, net of contributions, cash     $ (19)                 $ (19)
Stock-based compensation 1         1            
Common stock dividends and distributions to CEG unit holders   $ (85)           $ (49)     $ (36)  
Balance at end of period at Sep. 30, 2024 $ 5,624     $ 0 $ 1 $ 1,831 $ 301   $ 1 $ 3,490