ADDED
OCI/OCL Other comprehensive income/loss O M Operations and Maintenance PG E Pacific Gas and Electric Company Pine Forest TargetCo Pine Forest CE TargetCo LLC, a partnership and the indirect owner of Pine Forest 4 Pine Forest TE Class A Pine Forest TE Class A Owner LLC, a consolidated subsidiary of Clearway Energy Finance Inc.
Securities and Exchange Commission Senior Notes Collectively, the 2028 Senior Notes, the 2031 Senior Notes, the 2032 Senior Notes and the 2034 Senior Notes SO 2 Sulfur Dioxide SOFR Secured Overnight Financing Rate SPP Solar Power Partners SREC Solar Renewable Energy Credit U.S.
The Company is sponsored by Clearway Energy Group LLC, or CEG.
In 2025, 98% of the Company s total generation was attributable to renewable energy and storage assets.
As of December 31, 2025, the Company owned 58.62% of the economic interests of Clearway Energy LLC, with CEG owning 41.38% of the economic interests of Clearway Energy LLC.
6 The diagram below represents a summarized structure of the Company as of December 31, 2025: Business Strategy The Company s primary business strategy is to focus on the ownership of assets and growth through investments in or acquisitions of assets that generate predictable, long-term cash flows so that it can continue to grow and expand the business as well as to increase the dividends paid to holders of the Company s Class A and Class C common stock over time.
The assets listed below represent the Company s currently committed investments in facilities: Asset Technology Gross Capacity (MW) State Estimated Funding Deriva Solar Portfolio (a) (b) Distributed Generation 613 Various 1H26 Goat Mountain Repower Wind 360 TX 2H27 Mt.
Storm Repower Wind 335 WV 2H26 Rosamond South II BESS 92 CA 2H26 San Juan Mesa Repower (b) Wind 135 NM 2H27 Spindle BESS 199 CO 2H26 Tuolumne Repower Wind 137 WA 2H26 (a) Third-party acquisition of operating facilities.
The Company believes that industry fundamentals in North America offer significant opportunity to grow its portfolio without creating significant exposure to currency or sovereign risk.
The Company competes based on the location of its plants, as well as the contract price and terms of individual facilities.
REMOVED
GenConn GenConn Energy LLC GHG Greenhouse gas GIM Global Infrastructure Management, LLC, the manager of GIP and an indirect subsidiary of BlackRock GIP Global Infrastructure Partners, an infrastructure fund manager managed by GIM that makes equity and debt investments in infrastructure assets and businesses.
GW Gigawatt HLBV Hypothetical Liquidation at Book Value Honeycomb Portfolio Four BESS facilities under construction in Utah, representing 320 MW of capacity, which includes Enterprise, Escalante I, Granite Mountain East and Iron Springs that are co-located with the respective solar facilities IRS Internal Revenue Service ISO Independent System Operator, also referred to as an RTO ITC Investment Tax Credit KKR KKR Thor Bidco, LLC, an affiliate of Kohlberg Kravis Roberts Co.
LIBOR London Inter-Bank Offered Rate MBTA Migratory Bird Treaty Act Mesquite Star Mesquite Star Special, LLC MMBtu Million British Thermal Units Mt.
Storm NedPower Mount Storm LLC MW Megawatt MWh Saleable megawatt hours, net of internal/parasitic load megawatt-hours MWt Megawatts Thermal Equivalent Natural Gas Holdco Natural Gas CA Holdco LLC NEPA National Environmental Policy Act NERC North American Electric Reliability Corporation Net Exposure Counterparty credit exposure to Clearway Energy, Inc.
The Company is sponsored by Clearway Energy Group LLC, or CEG, which is equally owned by GIP and TotalEnergies.
On October 1, 2024, BlackRock acquired 100% of the business and assets of GIM, which is the investment manager of the GIP funds that own an interest in CEG.
and a leading contributor to the transition to a world powered by clean energy.
In 2024, 96% of the Company s total generation was attributable to renewable energy and storage assets.
As of December 31, 2024, the Company owned 58.10% of the economic interests of Clearway Energy LLC, with CEG owning 41.90% of the economic interests of Clearway Energy LLC.
6 The diagram below represents a summarized structure of the Company as of December 31, 2024: Business Strategy The Company s primary business strategy is to focus on the ownership of assets and growth through investments in or acquisitions of assets with predictable, long-term cash flows in order that it may be able to continue to grow and expand the business as well as to increase the dividends paid to holders of the Company s Class A and Class C common stock over time.