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Clearway Energy Inc (CWENa.N)

CWENa.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Clearway Energy Says Damage Occurred To Associated Infrastructure At CVSR Due To June 5 Fire
Wednesday, 19 Jun 2019 

June 19 (Reuters) - Clearway Energy Inc ::CLEARWAY ENERGY - ON JUNE 5, A FIRE OCCURRED IN SAN LUIS OBISPO COUNTY, CALIFORNIA AT CALIFORNIA VALLEY SOLAR RANCH PROJECT, WHICH IS OWNED BY CO'S UNIT.CLEARWAY ENERGY SAYS ROOT CAUSE OF JUNE 5 FIRE, WHICH AFFECTED APPROXIMATELY 1,200 ACRES, APPEARS TO BE RELATED TO AN AVIAN INCIDENT - SEC FILING.CLEARWAY ENERGY-CURRENTLY, 40 OF 250 MEGAWATTS AT CVSR ARE IN OPERATION, AND COMPANY EXPECTS THAT CVSR WILL RETURN TO FULL OPERATIONS BY JULY 1, 2019.CLEARWAY ENERGY - ESTIMATES CASH IMPACT OF JUNE 5 FIRE TO BE BETWEEN $8 MILLION AND $9 MILLION IN 2019, AFTER ESTIMATED INSURANCE RECOVERY.CLEARWAY ENERGY - THERE HAS YET TO BE ANY OBSERVED DAMAGE TO SOLAR ARRAYS AT CALIFORNIA VALLEY SOLAR RANCH PROJECT DUE TO JUNE 5 FIRE.CLEARWAY ENERGY - DAMAGE OCCURRED TO ASSOCIATED INFRASTRUCTURE AT CVSR DUE TO JUNE 5 FIRE, RESULTING IN NEED TO REPLACE DISTRIBUTION POLES & CABLING.  Full Article

Clearway Energy - For Q4 Of 2018, Co Reported A Net Loss Of $91 Million
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Clearway Energy Inc ::CLEARWAY ENERGY, INC. REPORTS FULL YEAR 2018 FINANCIAL RESULTS.CLEARWAY ENERGY INC - AS OF FEBRUARY 27, 2019, PG&E HAS NEITHER ASSUMED, REJECTED, OR SOUGHT TO RENEGOTIATE CONTRACTS.CLEARWAY ENERGY INC - FOR Q4 OF 2018, COMPANY REPORTED A NET LOSS OF $91 MILLION.CLEARWAY ENERGY INC - IN Q4 OF 2018, AVAILABILITY AT CONVENTIONAL SEGMENT WAS LOWER THAN Q4 OF 2017 DUE TO A FORCED OUTAGE EVENT AT WALNUT CREEK'S UNIT 2.CLEARWAY ENERGY- AS OF DECEMBER 31, CO'S BALANCE SHEET INCLUDED ABOUT $1.4 BILLION OF NON-RECOURSE DEBT ASSOCIATED WITH PROJECTS ALSO CONTRACTED BY PG&E.CLEARWAY ENERGY INC - ADDITIONALLY, PROJECTS REPRESENT APPROXIMATELY $90 MILLION OF POTENTIAL EXPOSURE TO 2019 PROJECT LEVEL CAFD..CLEARWAY ENERGY INC - COMPANY IS ACTIVELY WORKING WITH PROJECT LEVEL LENDERS ON FORBEARANCE AGREEMENTS.CLEARWAY ENERGY INC - COMPANY CURRENTLY EXPECTS PROJECTS TO OTHERWISE OPERATE IN NORMAL COURSE OF BUSINESS.CLEARWAY ENERGY - IN Q4, CAFD RESULTS LOWER MAINLY DUE TO LOWER ADJUSTED EBITDA, ADDITIONAL MAINTENANCE CAPEX, TIMING OF INSURANCE PROCEEDS, AMONG OTHERS.CLEARWAY ENERGY INC - DISTRIBUTIONS TO COMPANY FROM PG&E RELATED PROJECTS MAY NOT BE MADE DURING PENDENCY OF BANKRUPTCY UNLESS LENDERS AGREE.  Full Article

Clearway Energy Says Reducing Quarterly Dividend To $0.20 Per Share In Q1 2019
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Clearway Energy Inc ::CLEARWAY ENERGY, INC. ANNOUNCES UPDATE TO 2019 FINANCIAL GUIDANCE.CLEARWAY ENERGY INC - REDUCING QUARTERLY DIVIDEND TO $0.20 PER SHARE IN Q1 2019.CLEARWAY ENERGY INC - LOWERING 2019 CASH AVAILABLE FOR DISTRIBUTION GUIDANCE DUE TO ANTICIPATED USE OF CARLSBAD EQUITY BACKSTOP AGREEMENT WITH GIP.CLEARWAY ENERGY INC - MODIFYING CAPITAL ALLOCATION APPROACH DUE TO PACIFIC GAS & ELECTRIC'S (PG&E) BANKRUPTCY FILING.CLEARWAY ENERGY INC - CURRENTLY NOT PURSUING ACQUISITION OF REMAINING INTEREST IN AGUA CALIENTE FROM NRG ENERGY, INC..CLEARWAY ENERGY INC - IS REVISING ITS 2019 CAFD GUIDANCE TO $270 MILLION FROM $295 MILLION.CLEARWAY ENERGY INC - UPDATE TO ITS BUSINESS AND CAPITAL ALLOCATION PLANS DUE TO IMPACTS RESULTING FROM PG&E'S BANKRUPTCY.CLEARWAY ENERGY INC - EITHER OWNS OR INVESTS IN 1,200 NET MW OF ELECTRIC GENERATION PROJECTS WITH LONG-TERM SUPPLY OR CAPACITY CONTRACTS WITH PG&E.CLEARWAY ENERGY - PROJECTS RELATING TO PG&E REPRESENT ABOUT $90 MILLION OF POTENTIAL EXPOSURE TO 2019 PROJECT LEVEL CAFD.CLEARWAY ENERGY - PG&E BANKRUPTCY FILING TRIGGERED DEFAULTS UNDER POWER PURCHASE AGREEMENTS WITH PG&E AND RELATED PROJECT LEVEL FINANCING AGREEMENTS..CLEARWAY ENERGY INC - ACTIVELY WORKING WITH PROJECT LEVEL LENDERS ON FORBEARANCE AGREEMENTS.CLEARWAY ENERGY INC - AS OF FEB 14, PG&E HAS NEITHER ASSUMED, REJECTED, OR SOUGHT TO RENEGOTIATE CONTRACTS.  Full Article

Clearway Energy, Inc. Announces Proposed Offering Of Class C Common Stock
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Clearway Energy Inc ::CLEARWAY ENERGY, INC. ANNOUNCES PROPOSED OFFERING OF CLASS C COMMON STOCK.CLEARWAY ENERGY INC - COMMENCED AN UNDERWRITTEN PUBLIC OFFERING OF 3.9 MILLION SHARES OF ITS CLASS C COMMON STOCK.CLEARWAY ENERGY INC - INTENDS TO USE NET PROCEEDS FROM OFFERING TO ACQUIRE NEWLY ISSUED CLASS C UNITS OF CLEARWAY ENERGY LLC.  Full Article

NRG Yield QTRLY Earnings Per Weighted Average Class A Common Share Diluted $0.61
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - NRG Yield Inc ::NRG YIELD, INC. REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.NRG YIELD INC - MAINTAINING 2018 FINANCIAL GUIDANCE.NRG YIELD INC - QTRLY TOTAL OPERATING REVENUES $307 MILLION VERSUS $288 MILLION.NRG YIELD INC - QTRLY EARNINGS PER WEIGHTED AVERAGE CLASS A COMMON SHARE - DILUTED $0.61.NRG YIELD INC - QTRLY EARNINGS PER WEIGHTED AVERAGE CLASS C COMMON SHARE - DILUTED $0.70.  Full Article

Fuelcell Energy Enters Into Definitive Agreement To Sell Project To NRG Yield
Monday, 9 Apr 2018 

April 9 (Reuters) - Fuelcell Energy Inc ::FUELCELL ENERGY ENTERS INTO DEFINITIVE AGREEMENT TO SELL PROJECT TO NRG YIELD.TO SELL PROJECT CO THAT OWNS 2.8 MEGAWATT FUEL CELL POWER PLANT PROJECT AT TULARE WASTE WATER TREATMENT FACILITY IN CALIFORNIA.2.8 MEGAWATT FUEL CELL POWER PLANT PROJECT WILL BE PLACED INTO COMMERCIAL OPERATIONS FOLLOWING SALE.WILL OPERATE AND MAINTAIN 2.8 MEGAWATT FUEL CELL POWER PLANT UNDER A TWENTY YEAR SERVICE AGREEMENT WITH PROJECT COMPANY.  Full Article

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Exclusive: Apollo bets on Clearway Energy, defying PG&E bankruptcy fallout

Private equity firm Apollo Global Management LLC has amassed a 6 percent stake in Clearway Energy Inc, a renewable energy producer whose shares were hit after one of its customers filed for bankruptcy, people familiar with the matter said on Friday.