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Clearway Energy Inc (CWENa.N)

CWENa.N on New York Stock Exchange

23.00USD
25 Sep 2020
Change (% chg)

$0.64 (+2.86%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Clearway Energy - Clearway Operating And Clearway Entered Into Fifth Amendment To Amended And Restated Credit Agreement On Dec. 20
Monday, 23 Dec 2019 

Dec 23 (Reuters) - Clearway Energy Inc ::CLEARWAY ENERGY INC - ON DECEMBER 20, CLEARWAY OPERATING LLC AND CLEARWAY LLC ENTERED INTO FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT.CLEARWAY ENERGY - 5TH AMENDMENT AMENDS EXISTING CREDIT AGREEMENT TO PROVIDE FOR INCREASE OF 0.50X TO BORROWER LEVERAGE RATIO FOR LAST 2 QTRS OF 2020.  Full Article

Clearway Energy Says Damage Occurred To Associated Infrastructure At CVSR Due To June 5 Fire
Thursday, 20 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