Pattern Energy Group Inc. - 10-Q filing on 2018-08-09

Revenue (Tables)

6 Months Ended

Jun. 30, 2018

Revenue from Contract with Customer [Abstract]

The following table presents the Company's total revenue recognized and, for contracts with customers, disaggregated by revenue sources (in thousands).



	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017⁽¹⁾		2018		2017⁽¹⁾
Revenue from contracts with customers
Electricity sales under PSA	17,414		16,580		38,100		35,401
Electricity sales to market	4,536		3,116		6,729		6,515
REC sales	3,398		2,044		5,345		4,326
Total revenue from contracts with customers	25,348		21,740		50,174		46,242
Other electricity sales ⁽²⁾	110,603		83,996		187,924		157,928
Related party other revenue	3,989		2,024		13,501		4,423
Total revenue	$	139,940	$	107,760	$	251,599	$	208,593

⁽¹⁾ As noted above, prior period amounts have not been adjusted under the modified retrospective method.

⁽²⁾ Includes revenue from PSAs accounted for as leases and energy hedge contracts.

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

The Company expects to recognize under PSAs for the following amounts related to fixed consideration associated with remaining performance obligations in each of the future periods noted as of June 30, 2018 (in thousands):



	Amount
Remainder of 2018	$	41,953
2019	73,233
2020	60,662
2021	60,662
2022	60,662
Thereafter	255,467
Total	$	552,639