Private company
Clearway Energy LLC
In its 2026 annual report the company says: “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.”5 It is headquartered in Princeton, New Jersey.1
Last updated Oct 21, 2026.
Overview
- IndustryElectric Services1
- HeadquartersPrinceton, New Jersey1
- Incorporated inDE3
- Business address902 Carnegie Center, Suite 520, Princeton, Nj3
- Filer categoryNon-accelerated filer3
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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 was formed as a Delaware limited liability company on March 5, 2013. The Company is sponsored by Clearway Energy Group LLC, or CEG.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
11.4%Operating margin2
26.9%Net margin2
4.2%Revenue growth, 20252
6.8%Return on equity2
1.39×Debt to equity2
$361.0MFree cash flow2
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue37¢$528.0M
- Other costs9¢$129.0M
- Interest27¢$387.0M
- Income tax0¢$1.0M
- Profit27¢$384.0M
Out of $1.4B in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Capital spending47¢$319.0M
- Kept or used elsewhere53¢$361.0M
Out of $680.0M of cash from operations.2
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $245.0M6 | $239.0M6 | $1.2B7 | $1.3B8 | $1.2B9 | $1.3B2 | $1.4B2 | $1.4B2 |
| Cost of revenue | $327.0M10 | $337.0M11 | $366.0M7 | $451.0M8 | $435.0M9 | $473.0M2 | $501.0M2 | $528.0M2 |
| Operating expenses | $1.0B8 | $1.0B9 | $1.1B2 | $1.2B2 | $1.3B2 | |||
| Operating income | $347.0M10 | $226.0M11 | $334.0M7 | $269.0M8 | $1.5B9 | $264.0M2 | $197.0M2 | $163.0M2 |
| Interest | $294.0M10 | $403.0M11 | $414.0M7 | $312.0M8 | $232.0M8 | $337.0M2 | $307.0M2 | $387.0M2 |
| Income before tax | -$61.0M8 | $1.3B9 | -$15.0M2 | -$32.0M2 | -$172.0M2 | |||
| Income tax | $011 | $07 | $2.0M8 | $2.0M9 | -$2.0M2 | $1.0M2 | -$1.0M2 | |
| Net income | $240.0M10 | -$30.0M11 | $61.0M7 | $110.0M8 | $1.4B9 | $149.0M2 | $203.0M2 | $384.0M2 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $407.0M6 | $152.0M10 | $268.0M11 | $179.0M7 | $657.0M8 | $535.0M9 | $332.0M2 | $231.0M2 |
| Receivables | $144.0M7 | $153.0M7 | ||||||
| Inventory | $37.0M7 | $47.0M8 | $55.0M9 | $64.0M2 | $75.0M2 | |||
| Current assets | $761.0M6 | $605.0M10 | $708.0M11 | $1.5B7 | $1.3B8 | $1.5B9 | $1.1B2 | $1.1B2 |
| Property, plant and equipment | $7.7B7 | $7.4B8 | $9.5B9 | $9.9B2 | $11.6B2 | |||
| Intangible assets | $2.5B7 | $2.6B8 | $2.4B9 | $2.2B2 | $2.4B2 | |||
| Total assets | $8.4B6 | $9.6B10 | $10.5B11 | $12.7B7 | $12.3B8 | $14.7B9 | $14.3B2 | $16.4B2 |
| Accounts payable | $74.0M7 | $55.0M8 | $130.0M9 | $82.0M2 | $95.0M2 | |||
| Short-term debt | $773.0M7 | $324.0M8 | $559.0M9 | $430.0M2 | $714.0M2 | |||
| Current liabilities | $699.0M6 | $2.1B10 | $638.0M11 | $1.6B7 | $602.0M8 | $911.0M9 | $722.0M2 | $1.0B2 |
| Long-term debt | $5.4B6 | $5.0B10 | $6.6B11 | $6.9B7 | $6.5B8 | $7.5B9 | $6.8B2 | $7.9B2 |
| Long-term liabilities | $7.9B7 | $7.5B8 | $8.7B9 | $8.0B2 | $9.4B2 | |||
| Total liabilities | $6.3B6 | $7.4B10 | $7.9B11 | $9.5B7 | $8.1B8 | $9.6B9 | $8.7B2 | $10.4B2 |
| Retained earnings | $43.0M7 | $1.2B8 | $1.0B9 | $894.0M2 | $875.0M2 | |||
| Shareholders’ equity | $5.7B2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $492.0M10 | $469.0M11 | $545.0M7 | $701.0M8 | $797.0M9 | $733.0M2 | $772.0M2 | $680.0M2 |
| Depreciation and amortization | $509.0M8 | $512.0M9 | $526.0M2 | $627.0M2 | $682.0M2 | |||
| Capital spending | $83.0M10 | $228.0M11 | $124.0M7 | $151.0M8 | $112.0M9 | $212.0M2 | $287.0M2 | $319.0M2 |
| Free cash flow | $409.0M | $241.0M | $421.0M | $550.0M | $685.0M | $521.0M | $485.0M | $361.0M |
| Cash from investing | -$865.0M8 | $1.1B9 | -$523.0M2 | -$725.0M2 | -$825.0M2 | |||
| Dividends paid | $238.0M6 | $155.0M6 | ||||||
| Cash from financing | $367.0M8 | -$1.5B9 | -$155.0M2 | -$365.0M2 | $230.0M2 | |||
| Dividend per share |
Corporate structure
Clearway Energy LLC is part of a group headed by Clearway Energy, Inc.. 489 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
- Clearway Energy, Inc. Princeton, New Jersey
- Clearway Energy LLC Princeton, New Jersey
- Mountain Wind Power, LLC Subsidiary · Delaware, United States
- 2011 Finance Holdco LLC Subsidiary · Delaware, United States
- AC Solar Holdings LLC Subsidiary · Delaware, United States
- Adams Community Solar Garden I LLC Subsidiary · Colorado, United States
- Adams Community Solar Garden II LLC Subsidiary · Colorado, United States
- Adams Community Solar Garden III LLC Subsidiary · Colorado, United States
- Adams Community Solar Gardens LLC Subsidiary · Colorado, United States
- Agua Caliente Borrower 1 LLC Subsidiary · Delaware, United States
- Agua Caliente Borrower 2 LLC Subsidiary · Delaware, United States
- Agua Caliente Solar Holdings LLC Subsidiary · Delaware, United States
- Agua Caliente Solar, LLC Subsidiary · Delaware, United States
- Alta Interconnection Management II, LLC Subsidiary · Delaware, United States
- Alta Interconnection Management III, LLC Subsidiary · Delaware, United States
- Alta Interconnection Management, LLC Subsidiary · Delaware, United States
- Alta Landco LLC Subsidiary · Delaware, United States
- Alta Realty Holdings, LLC Subsidiary · Delaware, United States
- Alta Realty Investments, LLC Subsidiary · Delaware, United States
- Alta Vista LLC Subsidiary · Delaware, United States
- Alta Wind 1-5 Holding Company, LLC Subsidiary · Delaware, United States
- Alta Wind Asset Management Holdings, LLC Subsidiary · Delaware, United States
- Alta Wind Asset Management, LLC Subsidiary · Delaware, United States
- Alta Wind Company, LLC Subsidiary · Delaware, United States
- Alta Wind Holdings, LLC Subsidiary · Delaware, United States
- Alta Wind I Holding Company, LLC Subsidiary · Delaware, United States
- Alta Wind I, LLC Subsidiary · Delaware, United States
- and 463 more
- Clearway Energy LLC Princeton, New Jersey
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Clearway Energy LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $16.3B2 Dec 31, 2025 | $14.0B2 Dec 31, 2024 | +16.0% |
| Accumulated depreciation | $4.7B2 Dec 31, 2025 | $4.1B2 Dec 31, 2024 | +14.4% |
| Property and equipment, net | $11.6B2 Dec 31, 2025 | $9.9B2 Dec 31, 2024 | +16.6% |
| Operating-lease assets (leased space) | $714.0M2 Dec 31, 2025 | $547.0M2 Dec 31, 2024 | +30.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $231.0M2 Dec 31, 2025 | $332.0M2 Dec 31, 2024 | −30.4% |
| Stakes in other companies (equity method) | $291.0M2 Dec 31, 2025 | $309.0M2 Dec 31, 2024 | −5.8% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $3.7B2 Dec 31, 2025 | $3.4B2 Dec 31, 2024 | +10.5% |
| Accumulated amortization | $1.4B2 Dec 31, 2025 | $1.2B2 Dec 31, 2024 | +15.7% |
| Finite-lived intangibles, net | $2.4B2 Dec 31, 2025 | $2.2B2 Dec 31, 2024 | +7.6% |
Inventory
Properties, in its own words
Listed below are descriptions of the Company’s interests in operating facilities as of December 31, 2025.
Facilities · Location · COD · Counterparty · Expiration
The rest of Item 2
Flexible Generation
Carlsbad (b) · Carlsbad, CA · 523 · 523 · 100 · December 2018 · SDG&E · 2038
El Segundo (b) · El Segundo, CA · 546 · 546 · 100 · August 2013 · Various · 2027 - 2029
GenConn Devon (b) · Milford, CT · 190 · 95 · 50 · June 2010 · Connecticut Light & Power · 2040
GenConn Middletown (b) · Middletown, CT · 190 · 95 · 50 · June 2011 · Connecticut Light & Power · 2041
Marsh Landing (b) · Antioch, CA · 820 · 820 · 100 · May 2013 · Various · 2026 - 2030
Walnut Creek (b) · City of Industry, CA · 501 · 501 · 100 · May 2013 · Various · 2026 - 2027
Total Flexible Generation · 2,770 · 2,580
Utility Scale Solar
Agua Caliente · Dateland, AZ · 290 · 148 · 51 · June 2014 · PG&E · 2039
Alpine · Lancaster, CA · 66 · 66 · 100 · January 2013 · PG&E · 2033
Arica (c) · Riverside, CA · 263 · 105 · 40 · March - June 2024 · Various · 2026 - 2041
Avenal · Avenal, CA · 45 · 23 · 50 · August 2011 · PG&E · 2031
Avra Valley · Pima County, AZ · 27 · 27 · 100 · December 2012 · Tucson Electric Power · 2032
Blythe · Blythe, CA · 21 · 21 · 100 · December 2009 · SCE · 2029
Borrego · Borrego Springs, CA · 26 · 26 · 100 · February 2013 · SDG&E · 2038
Buckthorn Solar (c) · Fort Stockton, TX · 150 · 150 · 100 · July 2018 · City of Georgetown, TX · 2043
Catalina · Kern County, CA · 109 · 109 · —% (d) · November 2013 · SDG&E · 2038
CVSR · San Luis Obispo, CA · 250 · 250 · 100 · October 2013 · PG&E · 2038
Daggett 2 (c) · San Bernardino, CA · 182 · 46 · 25 · December 2023 · Various · 2038
Daggett 3 (c) · San Bernardino, CA · 300 · 75 · 25 · July - November 2023 · Various · 2033 - 2038
Desert Sunlight 250 · Desert Center, CA · 250 · 63 · 25 · December 2014 · SCE · 2034
Desert Sunlight 300 · Desert Center, CA · 300 · 75 · 25 · December 2014 · PG&E · 2039
Enterprise · Iron County, UT · 80 · 80 · 100 · July 2016 · PacifiCorp · 2036
Escalante I · Beaver County, UT · 80 · 80 · 100 · August 2016 · PacifiCorp · 2036
Escalante II · Beaver County, UT · 80 · 80 · 100 · August 2016 · PacifiCorp · 2036
Escalante III · Beaver County, UT · 80 · 80 · 100 · August 2016 · PacifiCorp · 2036
Granite Mountain East · Iron County, UT · 80 · 80 · 100 · September 2016 · PacifiCorp · 2036
Granite Mountain West · Iron County, UT · 50 · 50 · 100 · September 2016 · PacifiCorp · 2036
Iron Springs · Iron County, UT · 80 · 80 · 100 · August 2016 · PacifiCorp · 2036
Kansas South · Lemoore, CA · 20 · 20 · 100 · June 2013 · PG&E · 2033
Luna Valley (c) · Fresno County, CA · 200 · 200 · 100 · August 2025 · Various · 2040 - 2045
Mililani I (c) · Honolulu, HI · 39 · 20 · 50 · July 2022 · Hawaiian Electric Company · 2042
Oahu Solar (c) · Oahu, HI · 61 · 61 · 100 · September 2019 · Hawaiian Electric Company · 2041
Pine Forest (c) · Hopkins County, TX · 300 · 150 · 50 · December 2025 · Various · 2040 - 2045
Roadrunner · Santa Teresa, NM · 20 · 20 · 100 · August 2011 · El Paso Electric · 2031
Rosamond Central (c) · Rosamond, CA · 192 · 96 · 50 · December 2020 · Various · 2035 - 2047
Rosamond South I (c) · Rosamond, CA · 140 · 70 · 50 · August 2025 · Various · 2040
TA High Desert · Lancaster, CA · 20 · 20 · 100 · March 2013 · SCE · 2033
Texas Solar Nova 1 (c) · Kent County, TX · 252 · 126 · 50 · December 2023 · Verizon · 2042
Texas Solar Nova 2 (c) · Kent County, TX · 200 · 100 · 50 · February 2024 · Verizon · 2042
Victory Pass (c) · Riverside, CA · 200 · 80 · 40 · March 2024 · Various · 2039
Waiawa (c) · Honolulu, HI · 36 · 18 · 50 · January 2023 · Hawaiian Electric Company · 2043
Total Utility Scale Solar · 4,489 · 2,695
Utility Scale BESS
Arica (c) · Riverside, CA · 136 · 54 · 40 · March - June 2024 · Various · 2039 - 2041
Daggett 1 (c) · San Bernardino, CA · 114 · 114 · 100 · September 2025 · SDG&E · 2040
Facilities · Location · Rated MW · Net MW(a) · PercentageOwnership · COD · Counterparty · Expiration
Daggett 2 (c) · San Bernardino, CA · 131 · 33 · 25 · December 2023 · Various · 2038
Daggett 3 (c) · San Bernardino, CA · 149 · 37 · 25 · July - November 2023 · Various · 2033 - 2038
Mililani I (c) · Honolulu, HI · 39 · 20 · 50 · July 2022 · Hawaiian Electric Company · 2042
Pine Forest (c) · Hopkins County, TX · 200 · 100 · 50 · October 2025 · N/A
Rosamond Central (c) · Rosamond, CA · 147 · 74 · 50 · June 2024 · SCE · 2039
Rosamond South I (c) · Rosamond, CA · 117 · 59 · 50 · August 2025 · Various · 2035 - 2040
Victory Pass (c) · Riverside, CA · 50 · 20 · 40 · March 2024 · Various · 2039
Waiawa (c) · Honolulu, HI · 36 · 18 · 50 · January 2023 · Hawaiian Electric Company · 2043
Total Utility Scale BESS · 1,119 · 529
Distributed Solar
DGPV Funds (c) · Various · 286 · 286 · 100 · September 2015 - March 2019 · Various · 2030 - 2044
Solar Power Partners (SPP) · Various · 24 · 24 · 100 · June 2008 - June 2012 · Various · 2026 - 2037
Other DG Facilities · Various · 20 · 20 · 100 · December 2010 - October 2015 · Various · 2026 - 2039
Total Distributed Solar · 330 · 330
Alta I · Tehachapi, CA · 150 · 150 · 100 · December 2010 · SCE · 2035
Alta II · Tehachapi, CA · 150 · 150 · 100 · December 2010 · SCE · 2035
Alta III · Tehachapi, CA · 150 · 150 · 100 · February 2011 · SCE · 2035
Alta IV · Tehachapi, CA · 102 · 102 · 100 · March 2011 · SCE · 2035
Alta V · Tehachapi, CA · 168 · 168 · 100 · April 2011 · SCE · 2035
Alta X · Tehachapi, CA · 137 · 137 · 100 · February 2014 · SCE · 2038
Alta XI · Tehachapi, CA · 90 · 90 · 100 · February 2014 · SCE · 2038
Black Rock (c) · Mineral and Grant Counties, WV · 115 · 58 · 50 · December 2021 · Toyota and Google · 2036
Broken Bow · Custer County, NE · 80 · 80 · 100 · December 2012 · Nebraska Public Power District · 2032
Buffalo Bear · Buffalo, OK · 19 · 19 · 100 · December 2008 · Western Farmers Electric Co-operative · 2033
Item 2 of the 10-K filed Feb 24, 2026.5
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 2011 Finance Holdco LLC Delaware4
- AC Solar Holdings LLC Delaware4
- Adams Community Solar Garden I LLC Colorado4
- Adams Community Solar Garden II LLC Colorado4
- Adams Community Solar Garden III LLC Colorado4
- Adams Community Solar Gardens LLC Colorado4
- Agua Caliente Borrower 1 LLC Delaware4
- Agua Caliente Borrower 2 LLC Delaware4
- Agua Caliente Solar Holdings LLC Delaware4
- Agua Caliente Solar, LLC Delaware4
- Alta Interconnection Management II, LLC Delaware4
- Alta Interconnection Management III, LLC Delaware4
- Alta Interconnection Management, LLC Delaware4
- Alta Landco LLC Delaware4
- Alta Realty Holdings, LLC Delaware4
- Alta Realty Investments, LLC Delaware4
- Alta Vista LLC Delaware4
- Alta Wind 1-5 Holding Company, LLC Delaware4
- Alta Wind Asset Management Holdings, LLC Delaware4
- Alta Wind Asset Management, LLC Delaware4
- Alta Wind Company, LLC Delaware4
- Alta Wind Holdings, LLC Delaware4
- Alta Wind I Holding Company, LLC Delaware4
- Alta Wind I, LLC Delaware4
All 486 listed subsidiaries
- Alta Wind II Holding Company, LLC Delaware4
- Alta Wind II, LLC Delaware4
- Alta Wind III Holding Company, LLC Delaware4
- Alta Wind III, LLC Delaware4
- Alta Wind IV Holding Company, LLC Delaware4
- Alta Wind IV, LLC Delaware4
- Alta Wind V Holding Company, LLC Delaware4
- Alta Wind V, LLC Delaware4
- Alta Wind X Holding Company, LLC Delaware4
- Alta Wind X, LLC Delaware4
- Alta Wind X-XI TE Holdco LLC Delaware4
- Alta Wind XI Holding Company, LLC Delaware4
- Alta Wind XI, LLC Delaware4
- Apple I LLC Delaware4
- Arapahoe Community Solar Garden I LLC Colorado4
- Arica Solar Pledgor LLC Delaware4
- Arica Solar, LLC Delaware4
- Avenal Park LLC Delaware4
- Avenal Solar Holdings LLC Delaware4
- BMP Wind LLC Delaware4
- BWC Swan Pond River, LLC Delaware4
- Bashaw Solar 1, LLC Delaware4
- Big Lake Holdco LLC Delaware4
- Black Cat Road Solar, LLC Delaware4
- Black Rock Class B Holdco LLC Delaware4
- Black Rock TE Holdco LLC Delaware4
- Black Rock Wind Force, LLC Delaware4
- Black Rock Wind Holding LLC Delaware4
- Black Start Battery Holdings LLC Delaware4
- Black Start Battery LLC Delaware4
- Bluestone Solar, LLC Delaware4
- Broken Bow Wind, LLC Delaware4
- Brook Street Solar 1, LLC Delaware4
- Buckthorn Holdings, LLC Delaware4
- Buckthorn Renewables, LLC Delaware4
- Buckthorn Solar Portfolio, LLC Delaware4
- Buckthorn Westex, LLC Delaware4
- Buffalo Bear, LLC Oklahoma4
- Bullock Road Solar 1, LLC Delaware4
- CBAD Holdings II, LLC Delaware4
- CBAD Holdings, LLC Delaware4
- CMR Solar, LLC Delaware4
- CVSR Holdco LLC Delaware4
- CVSR Holdings LLC Delaware4
- CWEN Pinnacle Repowering Holdco LLC Delaware4
- CWEN Pinnacle Repowering Holdings LLC Delaware4
- CWSP Rattlesnake Holding LLC Delaware4
- Capistrano Portfolio Holdco LLC Delaware4
- Capistrano Portfolio Holdings LLC Delaware4
- Cardinal Holdings LLC Delaware4
- Cardinal Investment Holdco LLC Delaware4
- Cardinal JV Purchaser LLC Delaware4
- Cardinal Purchaser LLC Delaware4
- Carlsbad Energy Center LLC Delaware4
- Carlsbad Energy Holdings LLC Delaware4
- Carlsbad Holdco II, LLC Delaware4
- Carlsbad Holdco, LLC Delaware4
- Catalina Solar Investment Holdco LLC Delaware4
- Catalina Solar Investment LLC Delaware4
- Catalina Solar Lessee Holdco, LLC Delaware4
- Catalina Solar Lessee, LLC Delaware4
- Cedar Creek Class B Holdco LLC Delaware4
- Cedar Creek Holdco LLC Delaware4
- Cedar Creek TE Holdco LLC Delaware4
- Cedar Creek Wind Holdco LLC Delaware4
- Cedar Creek Wind Holdings LLC Delaware4
- Cedar Creek Wind, LLC Delaware4
- Cedro Hill BL Borrower Holdco LLC Delaware4
- Cedro Hill Class B Member LLC Delaware4
- Cedro Hill TE Holdco LLC Delaware4
- Cedro Hill Wind LLC Delaware4
- Center St Solar 1, LLC Delaware4
- Chestnut Class B LLC Delaware4
- Chestnut Fund Sub LLC Delaware4
- Chisago Holdco LLC Delaware4
- Clara City Solar LLC Delaware4
- Clearway & EFS Distributed Solar LLC Delaware4
- Clearway AC Solar Holdings LLC Delaware4
- Clearway Chestnut Fund LLC Delaware4
- Clearway DG Lakeland LLC Delaware4
- Clearway Energy Finance Inc. Delaware4
- Clearway Energy Operating LLC Delaware4
- Clearway OpCo Power Marketing Holdings LLC Delaware4
- Clearway OpCo Power Marketing LLC Delaware4
- Clearway Solar Star LLC Delaware4
- Clearway Walnut Creek II LLC Delaware4
- Clearway West Holdings LLC Delaware4
- Colorado Shared Solar I LLC Delaware4
- Colorado Springs Solar Garden LLC Colorado4
- Continental Energy, LLC Arizona4
- Crofton Bluffs Wind, LLC Delaware4
- D1-LV TargetCo LLC Delaware4
- DG Berkeley Rec LLC Delaware4
- DG Berkeley Village LLC Delaware4
- DG Central East LLC Delaware4
- DG Central West LLC Delaware4
- DG Contra Costa Operations LLC Delaware4
- DG Contra Costa Waste LLC Delaware4
- DG Crystal Spring LLC Delaware4
- DG Dighton LLC Delaware4
- DG Foxborough Elm LLC Delaware4
- DG Foxborough Landfill LLC Delaware4
- DG Grantland LLC Delaware4
- DG Haverhill LLC Delaware4
- DG Imperial Admin LLC Delaware4
- DG Imperial Building LLC Delaware4
- DG Lathrop Louise LLC Delaware4
- DG Lincoln Middle LLC Delaware4
- DG Marathon LLC Delaware4
- DG Rosedale Elementary LLC Delaware4
- DG Rosedale Middle LLC Delaware4
- DG SREC HoldCo LLC Delaware4
- DG SREC Holdings 1 LLC Delaware4
- DG San Joaquin LLC Delaware4
- DG Tufts Knoll LLC Delaware4
- DG Tufts Science LLC Delaware4
- DG Washington Middle LLC Delaware4
- DG Webster LLC Delaware4
- DG-CS Holdco LLC Delaware4
- DG-CS Holdings LLC Delaware4
- DG-CS Master Borrower LLC Delaware4
- DGPV 1 LLC Delaware4
- DGPV 2 LLC Delaware4
- DGPV 3 LLC Delaware4
- DGPV 4 LLC Delaware4
- DGPV Fund 1 LLC Delaware4
- DGPV Fund 2 HoldCo A LLC Delaware4
- DGPV Fund 2 HoldCo B LLC Delaware4
- DGPV Fund 2 LLC Delaware4
- DGPV Fund 4 LLC Delaware4
- DGPV Fund 4 Sub LLC Delaware4
- DGPV Holding LLC Delaware4
- Daggett 1 Class B Member LLC Delaware4
- Daggett 1 Pledgor LLC Delaware4
- Daggett 1 TE Holdco LLC Delaware4
- Daggett 2 Class B LLC Delaware4
- Daggett 2 Project Sub II LLC Delaware4
- Daggett 2 Project Sub LLC Delaware4
- Daggett 2 TE Holdco LLC Delaware4
- Daggett 2 TargetCo LLC Delaware4
- Daggett 3 Project Sub II LLC Delaware4
- Daggett 3 Project Sub LLC Delaware4
- Daggett Class B LLC Delaware4
- Daggett Renewable Holdco LLC Delaware4
- Daggett Solar Holdco LLC Delaware4
- Daggett Solar Investment LLC Delaware4
- Daggett Solar Power 1 LLC Delaware4
- Daggett Solar Power 2 LLC Delaware4
- Daggett Solar Power 3 LLC Delaware4
- Daggett TE Holdco LLC Delaware4
- Daggett TargetCo LLC Delaware4
- Dan's Mountain Class B Holdco LLC Delaware4
- Dan's Mountain Parent Holdco LLC Delaware4
- Dan's Mountain Parent Holdings LLC Delaware4
- Dan's Mountain TargetCo LLC Delaware4
- Dan's Mountain Tax Credit Holdco LLC Delaware4
- Dan's Mountain Wind Force Pledgor LLC Delaware4
- Dan's Mountain Wind Force, LLC Delaware4
- Denver Community Solar Garden I LLC Colorado4
- Denver Community Solar Garden II LLC Colorado4
- Desert Sunlight 250, LLC Delaware4
- Desert Sunlight 300, LLC Delaware4
- Desert Sunlight Holdings LLC Delaware4
- Desert Sunlight Investment Holdings, LLC Delaware4
- Dodge Holdco LLC Delaware4
- ETCAP NES CS MN 02 LLC Delaware4
- ETCAP NES CS MN 06 LLC Delaware4
- Eastman Street Solar 1, LLC Delaware4
- El Mirage Energy, LLC Arizona4
- El Segundo Energy Center LLC Delaware4
- Elbow Creek Repowering Tax Equity Holdco LLC Delaware4
- Elbow Creek Wind Project LLC Texas4
- Elkhorn Holdings LLC Delaware4
- Elkhorn Ridge Wind, LLC Delaware4
- Enterprise Solar, LLC Delaware4
- Enterprise Storage LLC Delaware4
- Escalante BESS I LLC Delaware4
- Escalante Solar I, LLC Delaware4
- Escalante Solar II, LLC Delaware4
- Escalante Solar III, LLC Delaware4
- FUSD Energy, LLC Arizona4
- Farmington Holdco LLC Delaware4
- Federal Road Solar 1, LLC Delaware4
- Forest Lake Holdco LLC Delaware4
- Forward WindPower LLC Delaware4
- Four Brothers Holdings, LLC Delaware4
- Four Brothers Solar, LLC Delaware4
- Frontenac Holdco LLC Delaware4
- GCE Holding LLC Connecticut4
- GenConn Devon LLC Connecticut4
- GenConn Energy LLC Connecticut4
- GenConn Middletown LLC Connecticut4
- Goat Mountain Class B Holdco LLC Delaware4
- Goat Mountain TE Holdco LLC Delaware4
- Goat Wind LLC Texas4
- Golden Fields Solar III, LLC Delaware4
- Golden Fields Solar IV Bess LLC Delaware4
- Golden Fields Solar IV, LLC Delaware4
- Golden Puma Fund LLC Delaware4
- Grabinski Solar, LLC Delaware4
- Granite Mountain BESS East LLC Delaware4
- Granite Mountain Holdings, LLC Delaware4
- Granite Mountain Renewables, LLC Delaware4
- Granite Mountain Solar East, LLC Delaware4
- Granite Mountain Solar West, LLC Delaware4
- HLE Solar Holdings, LLC Delaware4
- HSD Solar Holdings, LLC California4
- High Plains Ranch II, LLC Delaware4
- Honeycomb 1 Holdco LLC Delaware4
- Honeycomb 1 Holdings LLC Delaware4
- Honeycomb Class B HoldCo LLC Delaware4
- Honeycomb Project HoldCo LLC Delaware4
- Honeycomb TE HoldCo LLC Delaware4
- Honeycomb TargetCo LLC Delaware4
- Hwy 14 Holdco LLC Delaware4
- Iron Springs BESS LLC Delaware4
- Iron Springs Holdings, LLC Delaware4
- Iron Springs Renewables, LLC Delaware4
- Iron Springs Solar, LLC Delaware4
- LV-Daggett Parent Holdco LLC Delaware4
- LV-Daggett Parent Holdings LLC Delaware4
- Langford Class B Holdco LLC Delaware4
- Langford Holding LLC Delaware4
- Langford Tax Equity Partnership LLC Delaware4
- Langford Wind Power, LLC Texas4
- Lanikuhana Solar, LLC Hawaii4
- Laredo Ridge Wind, LLC Delaware4
- Lenape II Solar LLC Delaware4
- Lighthouse Renewable Class A LLC Delaware4
- Lighthouse Renewable Holdco 2 LLC Delaware4
- Lighthouse Renewable Holdco LLC Delaware4
- Lighthouse Renewable Holding Sub LLC Delaware4
- Lighthouse Renewable Holdings LLC Delaware4
- Lindberg Field Solar 1, LLC Delaware4
- Lindberg Field Solar 2, LLC Delaware4
- Longhorn Energy, LLC Arizona4
- Lookout WindPower LLC Delaware4
- Luna Valley Class B Member LLC Delaware4
- Luna Valley Pledgor LLC Delaware4
- Luna Valley Solar I, LLC Delaware4
- Luna Valley TE Holdco LLC Delaware4
- MC1 Solar Farm, LLC North Carolina4
- Mapleton Solar LLC Delaware4
- Marsh Landing Holdco LLC Delaware4
- Marsh Landing Holdings LLC Delaware4
- Marsh Landing LLC Delaware4
- Mesquite Sky Class B Holdco LLC Delaware4
- Mesquite Sky Holding LLC Delaware4
- Mesquite Sky TE Holdco LLC Delaware4
- Mesquite Star Class B Holdco LLC Delaware4
- Mesquite Star Special, LLC Delaware4
- Mesquite Star Tax Equity Holdco LLC Delaware4
- Mililani BL Borrower Holdco LLC Delaware4
- Mililani Class B Member Holdco LLC Delaware4
- Mililani I Solar, LLC Delaware4
- Mililani TE Holdco LLC Delaware4
- Minisink Solar 1, LLC Delaware4
- Minisink Solar 2, LLC Delaware4
- Mission Iowa Wind, LLC California4
- Mission Wind Broken Bow, LLC Delaware4
- Mission Wind Cedro, LLC Delaware4
- Mission Wind Crofton Bluffs, LLC Delaware4
- Mission Wind Laredo, LLC Delaware4
- Mission Wind New Mexico, LLC Delaware4
- Mission Wind Oklahoma, LLC Delaware4
- Mission Wind PA One, LLC Delaware4
- Mission Wind PA Three, LLC Delaware4
- Mission Wind PA Two, LLC Delaware4
- Mission Wind Pennsylvania, LLC Delaware4
- Mission Wind Utah, LLC Delaware4
- Mission Wind Wyoming, LLC Delaware4
- Monster Energy, LLC Arizona4
- Montevideo Solar LLC Delaware4
- Mount Hope Solar 1, LLC Delaware4
- Mountain Wind Power II LLC Delaware4
- Mountain Wind Power, LLC Delaware4
- NIMH Solar HoldCo LLC Delaware4
- NIMH Solar Holdings LLC Delaware4
- NIMH Solar LLC Delaware4
- NS Smith, LLC Delaware4
- Natural Gas CA Holdco LLC Delaware4
- Natural Gas CA Holdings LLC Delaware4
- Natural Gas Repowering LLC Delaware4
- New Munich Solar LLC Delaware4
- Northfield Holdco LLC Delaware4
- OC Solar 2010, LLC California4
- Oahu Renewables, LLC Delaware4
- Oahu Solar Holdings LLC Delaware4
- Oahu Solar LLC Delaware4
- Ocotillo Windpower Holdco 2 LLC Delaware4
- Ocotillo Windpower Holdco LLC Delaware4
- Ocotillo Windpower Holdings LLC Delaware4
- Ocotillo Windpower, LP Delaware4
- Old Westminster Solar 1, LLC Delaware4
- Old Westminster Solar 2, LLC Delaware4
- Olinda Trail Solar LLC Delaware4
- Osakis Solar LLC Delaware4
- PC Dinuba LLC Delaware4
- PESD Energy, LLC Arizona4
- PM Solar Holdings, LLC California4
- Palisade Plains Development Partnership Holdco LLC Delaware4
- Palisade Plains Development Partnership Holdings LLC Delaware4
- Palisade Plains Development Partnership LLC Delaware4
- Partridgeville Road Solar 1, LLC Delaware4
- Pikes Peak Solar Garden I LLC Colorado4
- Pine Forest CE Class A Owner LLC Delaware4
- Pine Forest CE TargetCo LLC Delaware4
- Pine Forest Holdco LLC Delaware4
- Pine Forest Hybrid I, LLC Delaware4
- Pine Forest Solar I, LLC Delaware4
- Pine Forest TE Class B Owner LLC Delaware4
- Pine Forest TE HoldCo LLC Delaware4
- Pine Forest Term Borrower LLC Delaware4
- Pine Island Holdco LLC Delaware4
- Pinnacle Repowering Partnership Holdco LLC Delaware4
- Pinnacle Repowering Partnership LLC Delaware4
- Pinnacle Repowering Tax Equity Holdco LLC Delaware4
- Pinnacle Wind, LLC Delaware4
- Pond Road Solar, LLC Delaware4
- Portfolio Solar I, LLC Delaware4
- Puma Class B LLC Delaware4
- RPV Holding LLC Delaware4
- RS2-Spindle Holdco LLC Delaware4
- RS2-Spindle Holdings LLC Delaware4
- RS2-Spindle Purchaser LLC Delaware4
- Rattlesnake Class B LLC Delaware4
- Rattlesnake Flat, LLC Delaware4
- Rattlesnake TE Holdco LLC Delaware4
- Redbrook Solar 1, LLC Delaware4
- Renew Canal 1 LLC Delaware4
- Renew Solar CS4 Class B LLC Delaware4
- Renew Solar CS4 Fund LLC Delaware4
- Renew Spark 2 LLC Delaware4
- Repowering Partnership Holdco LLC Delaware4
- Repowering Partnership II LLC Delaware4
- Rollingstone Holdco LLC Delaware4
- Rosamond Solar Holdco LLC Delaware4
- Rosamond Solar Investment LLC Delaware4
- Rosamond South Holdco LLC Delaware4
- Rosamond South Investment LLC Delaware4
- Rosie Class B LLC Delaware4
- Rosie Project HoldCo LLC Delaware4
- Rosie South Class B LLC Delaware4
- Rosie South TE Holdco LLC Delaware4
- Rosie South TargetCo LLC Delaware4
- Rosie TE HoldCo LLC Delaware4
- Rosie TargetCo LLC Delaware4
- Rounseville Solar 1, LLC Delaware4
- SCDA Solar 1, LLC Delaware4
- SCWFD Energy, LLC Arizona4
- SJA Solar LLC Delaware4
- SPP Asset Holdings, LLC Delaware4
- SPP Fund II Holdings, LLC Delaware4
- SPP Fund II, LLC Delaware4
- SPP Fund II-B, LLC Delaware4
- SPP Fund III, LLC Delaware4
- SPP Lease Holdings, LLC Delaware4
- SPP P-IV Master Lessee, LLC Delaware4
- San Juan Mesa Investments, LLC Delaware4
- San Juan Mesa Wind Project, LLC Delaware4
- Sand Drag LLC Delaware4
- Sartell Solar LLC Delaware4
- Sleeping Bear, LLC Delaware4
- Solar AV Holdco LLC Delaware4
- Solar Alpine LLC Delaware4
- Solar Apple LLC Delaware4
- Solar Avra Valley LLC Delaware4
- Solar Blythe II LLC Delaware4
- Solar Blythe LLC Delaware4
- Solar Borrego Holdco LLC Delaware4
- Solar Borrego I LLC Delaware4
- Solar CVSR Holdings LLC Delaware4
- Solar Community 1 LLC Delaware4
- Solar Community Holdco LLC Delaware4
- Solar Flagstaff One LLC Delaware4
- Solar Iguana LLC Delaware4
- Solar Kansas South Holdings LLC Delaware4
- Solar Kansas South LLC Delaware4
- Solar Las Vegas MB 1 LLC Delaware4
- Solar Las Vegas MB 2 LLC Delaware4
- Solar Mayfair LLC Delaware4
- Solar Mule LLC Delaware4
- Solar Oasis LLC Delaware4
- Solar Roadrunner Holdings LLC Delaware4
- Solar Roadrunner LLC Delaware4
- Solar Tabernacle LLC Delaware4
- Solar Warren LLC Delaware4
- Solar Wauwinet LLC Delaware4
- Solar West Shaft LLC Delaware4
- South Trent Holdings LLC Delaware4
- South Trent Wind LLC Delaware4
- Spanish Fork Wind Park 2, LLC Utah4
- Spring Canyon Energy II LLC Delaware4
- Spring Canyon Energy III LLC Delaware4
- Spring Canyon Expansion Class B Holdings LLC Delaware4
- Spring Canyon Expansion Holdings LLC Delaware4
- Spring Canyon Expansion LLC Delaware4
- Spring Canyon Interconnection LLC Delaware4
- Spring Canyon TE Holdco LLC Delaware4
- Spring Canyon TE Holdings LLC Delaware4
- Spring Street Solar 1, LLC Delaware4
- Stafford St Solar 1, LLC Delaware4
- Stafford St Solar 2, LLC Delaware4
- Stafford St Solar 3, LLC Delaware4
- Stearns Solar I LLC Delaware4
- Steel Bridge Solar, LLC Delaware4
- Sun City Project LLC Delaware4
- TA - High Desert, LLC California4
- TOS Solar 1, LLC Delaware4
- TOS Solar 2, LLC Delaware4
- TOS Solar 4, LLC Delaware4
- TOS Solar 5, LLC Delaware4
- TSN1 BL Borrower Holdco LLC Delaware4
- TSN1 Class B Member LLC Delaware4
- TSN1 TE Holdco LLC Delaware4
- Taloga Wind, L.L.C. Oklahoma4
- Tapestry Wind, LLC Delaware4
- Texas Solar Nova 1, LLC Delaware4
- Texas Solar Nova 2, LLC Delaware4
- Topeka Solar 1, LLC Delaware4
- Tully Farms Solar 1, LLC Delaware4
- Underhill Solar, LLC Delaware4
- Utah Solar Holdings II LLC Delaware4
- Utah Solar Holdings LLC Delaware4
- Utah Solar Master HoldCo LLC Delaware4
- Utah Solar Master Holdings LLC Delaware4
- VP-Arica Class B LLC Delaware4
- VP-Arica Parent Holdco LLC Delaware4
- VP-Arica Parent Holdings LLC Delaware4
- VP-Arica TE Holdco LLC Delaware4
- VP-Arica TargetCo LLC Delaware4
- Vail Energy, LLC Arizona4
- Victory Pass I, LLC Delaware4
- Victory Pass Pledgor LLC Delaware4
- Viento Funding II, LLC Delaware4
- Viento Funding, LLC Delaware4
- WCEP Holdings, LLC Delaware4
- WECAT LLC Delaware4
- WSD Solar Holdings, LLC Delaware4
- WV Wind Holdco LLC Delaware4
- WV Wind Holdings LLC Delaware4
- Wabasha Holdco LLC Delaware4
- Wabasha Solar II LLC Delaware4
- Wabasha Solar III LLC Delaware4
- Wabasha Solar LLC Delaware4
- Waiawa Solar Power LLC Delaware4
- Waipio PV, LLC Delaware4
- Walnut Creek Energy, LLC Delaware4
- Walnut Creek LLC Delaware4
- Washington Wind Holdings LLC Delaware4
- Washington Wind LLC Delaware4
- Waterford Holdco LLC Delaware4
- Webster Holdco LLC Delaware4
- Wildcat Energy, LLC Arizona4
- Wildorado Interconnect, LLC Texas4
- Wildorado Repowering Tax Equity Holdco LLC Delaware4
- Wildorado Wind, LLC Texas4
- Wilmarth Lane Solar 1, LLC Delaware4
- Wind TE Holdco LLC Delaware4
- Winona Solar I LLC Delaware4
- Winona Solar II LLC Delaware4
- Zephyr Oahu Partnership LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- NRG YIELD LLCApr 10, 2015 to Aug 2, 20183
Timeline
- Oct 7, 20268-K Entered a material agreement16
- Sep 28, 20268-K Entered a material agreement17
- Sep 8, 20268-K Executive or director change; Regulation FD disclosure18
- Aug 6, 20268-K Entered a material agreement19
- May 15, 20268-K Executive or director change; Regulation FD disclosure20
- May 1, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed21
- Apr 2, 20268-K Entered a material agreement22
- Jan 13, 20268-K Entered a material agreement; New debt or obligation23
- Jan 8, 20268-K Other events24
- Jan 7, 20268-K Other events25
- Dec 2, 20258-K Entered a material agreement26
- Oct 6, 20258-K Entered a material agreement27
Filings
50 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 30 major events. The latest 20:
- Oct 7, 20268-K EDGAR
- Sep 28, 20268-K EDGAR
- Sep 8, 20268-K EDGAR
- Aug 6, 20268-K EDGAR
- Aug 5, 202610-Q EDGAR
- May 15, 20268-K EDGAR
- May 8, 202610-Q EDGAR
- May 1, 20268-K EDGAR
- Apr 2, 20268-K EDGAR
- Feb 24, 202610-K EDGAR
- Jan 13, 20268-K EDGAR
- Jan 8, 20268-K EDGAR
- Jan 7, 20268-K EDGAR
- Dec 2, 20258-K EDGAR
- Nov 5, 202510-Q EDGAR
- Oct 6, 20258-K EDGAR
- Aug 6, 202510-Q EDGAR
- Aug 6, 20258-K EDGAR
- May 1, 202510-Q EDGAR
- Feb 25, 202510-K EDGAR
The 50 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How Clearway Energy LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARClearway Energy LLC1
- CIK0001637757
- Employer ID (EIN)32-04073705
- Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Industry code (SIC)4911 Electric Services1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address902 Carnegie Center, Suite 520, Princeton, NJ1
- Phone609-608-15251
- Shares outstanding34,613,853 Common Class A shares; 42,738,750 Common Class B shares; 86,290,173 Common Class C shares; 41,576,142 Common Class D shares as of Jan 31, 20265
- Public float$0 as of Jun 30, 20252
- AuditorPricewaterhouseCoopers LLP, Baltimore, Maryland PCAOB ID 238; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceApr 10, 20151
- Filings151 in all: 8-K (86), 10-Q (34), 10-K (11), CORRESP (4), 10-K/A (3), 424B3 (3), S-4 (3), EFFECT (2)1
All 12 form types
UPLOAD (2), 15-15D (1), CT ORDER (1), S-4/A (1)
- Latest filingsAnnual report (10-K) Feb 24, 2026
Quarterly report (10-Q) Aug 5, 2026
Latest 8-K (8-K) Oct 7, 2026
Risk factors and legal proceedings
The risks Clearway Energy LLC names in Item 1A of its 10-K filed Feb 24, 2026: 37 risks under these headings, as written.5
- Risks Related to the Company’s Business
- Risks Related to the Company’s Relationship with CEG
- Risks Related to Regulation
- Pursuant to the Company’s cash distribution policy, the Company intends to distribute a significant amount of the CAFD through regular quarterly distributions, and the Company’s ability to grow and make investments and acquisitions through cash on hand is limited.
- The Company may not be able to effectively identify or consummate any future investments or acquisitions on favorable terms, or at all, and future investments or acquisitions may not be accretive as a result of incorrect assumptions in the Company’s evaluation of such investments or acquisitions, unforeseen consequences or other external events beyond the Company’s control.
- Counterparties to the Company’s offtake agreements may not fulfill their obligations and, as the contracts expire or terminate, the Company may not be able to replace them with agreements on similar terms, or at all.
- The Company’s ability to effectively consummate future investments or acquisitions will also depend on the Company’s ability to arrange the required or desired financing for such transactions.
- The Company’s indebtedness could adversely affect its ability to raise additional capital to fund the Company’s operations or pay distributions. It could also expose the Company to the risk of increased interest rates and limit the Company’s ability to react to changes in the economy or the Company’s industry as well as impact the Company’s results of operations, financial condition and cash flows.
- Certain of the Company’s long-term bilateral contracts result from state-mandated procurements and could be declared invalid by a court of competent jurisdiction.
- The generation of electric energy from solar and wind energy sources depends heavily on suitable meteorological conditions.
- Operation of electric generation facilities involves significant risks and hazards customary to the power industry that could have a material adverse effect on the Company’s business, financial condition, results of operations and cash flows.
- The Company’s facilities may operate, wholly or partially, without long-term power sales agreements.
The other 28 risks
- Maintenance, expansion and refurbishment of electric generation facilities involve significant risks that could result in unplanned power outages or reduced output.
- Supplier concentration at certain of the Company’s facilities and the inability of suppliers to meet their obligations may expose the Company to significant financial credit or performance risks.
- The Company currently owns, and in the future may acquire, certain assets in which the Company has limited control over management decisions and its interests in such assets may be subject to transfer or other related restrictions.
- The Company is exposed to risks inherent in the use of interest rate swaps and energy-related financial instruments. The Company may be exposed to additional risks in the future if it utilizes other derivative instruments.
- The Company does not own all of the land on which its facilities are located, which could result in disruption to its operations.
- The Company’s use and enjoyment of real property rights for its facilities may be adversely affected by the rights of lienholders and leaseholders that are superior to those of the grantors of those real property rights to the Company.
- The Company’s businesses are subject to physical, market and economic risks relating to potential effects of climate change and public and governmental initiatives to address climate change.
- Risks that are beyond the Company’s control, including but not limited to acts of terrorism or related acts of war, natural disasters, severe weather, changes in weather patterns, flooding, wildfires, pandemics, inflation, supply chain disruptions, hostile cyber intrusions or other catastrophic events, could have a material adverse effect on the Company’s business, financial condition, results of operations and cash flows.
- The operation of the Company’s businesses is subject to cyber-based security and integrity risk.
- The Company relies on electric distribution and transmission facilities that it does not own or control and that are subject to transmission constraints within a number of the Company’s regions. If these facilities fail to provide the Company with adequate transmission capacity, it may be restricted in its ability to deliver electric power to its customers and may either incur additional costs or forego revenues.
- The Company’s costs, results of operations, financial condition and cash flows could be adversely impacted by the disruption of the fuel supplies necessary to generate power at its facilities in the Flexible Generation segment.
- The Company depends on key personnel and its and CEG’s ability to attract and retain additional skilled management and other personnel, the loss of any of which could have a material adverse effect on the Company’s financial condition and results of operations.
- The Company may potentially be adversely affected by emerging technologies that may over time impact capacity markets and the energy industry overall.
- The Company has identified a material weakness in its internal control over financial reporting related to hypothetical liquidation at book value (HLBV) accounting that, if not properly remediated, could adversely affect its business and results of operations.
- Risks Related to the Company’s Relationships with CEG
- CEG exercises substantial influence over the Company, and the Company is highly dependent on CEG.
- CEG controls the Company and has the ability to designate a majority of the members of Clearway, Inc.’s Board of Directors.
- The Company may not be able to consummate future acquisitions from CEG.
- The Company may be unable to terminate the CEG Master Services Agreement, in certain circumstances.
- If CEG terminates the CEG Master Services Agreement or defaults in the performance of its obligations under the agreement, the Company may be unable to contract with a substitute service provider on similar terms, or at all.
- The liability of CEG is limited under the Company’s arrangements with it, and the Company has agreed to indemnify CEG against claims that it may face in connection with such arrangements, which require the Company to satisfy significant indemnification obligations.
- Certain of the Company’s PPAs and facility-level financing arrangements include provisions that would permit the counterparty to terminate the contract or accelerate maturity in the event CEG ceases to control or own, directly or indirectly, a majority of the voting power of the Company.
- The Company’s business is subject to restrictions resulting from environmental, health and safety laws and regulations.
- The electric generation business is subject to substantial governmental regulation and may be adversely affected by changes in laws or regulations, as well as liability under, or any future inability to comply with, existing or future regulations or other legal requirements.
- The Company is subject to environmental laws and regulations that impose extensive and increasingly stringent requirements on its operations, as well as potentially substantial liabilities arising out of environmental contamination.
- The Company’s business is subject to complex and evolving U.S. laws and regulations regarding privacy and data protection. Many of these laws and regulations are subject to change and uncertain interpretation, and could result in claims, increased cost of operations, or otherwise harm the Company’s business.
- Government regulations providing incentives for renewable power generation and battery energy storage could change at any time and such changes may negatively impact the Company’s growth strategy.
- Changes in U.S. foreign trade policies, including the imposition of additional tariffs and other trade barriers, and efforts to withdraw from or materially modify international trade agreements, may have a material adverse effect on the Company’s business, operations and financial condition.
- The Company’s ability to comply with tax laws and policies may depend on its contractual arrangements and information provided by third parties and may require significant resources.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGAREntered a material agreement
- 17SEC EDGAREntered a material agreement
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- 19SEC EDGAREntered a material agreement
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- 21
- 22SEC EDGAREntered a material agreement
- 23
- 24SEC EDGAROther events
- 25SEC EDGAROther events
- 26SEC EDGAREntered a material agreement
- 27SEC EDGAREntered a material agreement