2026-04-02 10:08:01
Clearway Energy, Inc. Enters into Third Amended and Restated Exchange Agreement
Expected Stock impact: Slightly Positive
On April 1, 2026, Clearway Energy, Inc. announced that it has entered into a Third Amended and Restated Exchange Agreement with Clearway Energy LLC and Clearway Energy Group LLC. This agreement modifies the previous Second Amended and Restated Exchange Agreement dated October 28, 2024. The key change allows CEG Unitholders to exchange their Class B units for shares of Class C common stock instead of Class A common stock, maintaining a one-for-one exchange ratio. This adjustment is subject to equitable adjustments for stock splits, stock dividends, and reclassifications. The agreement aims to streamline the exchange process and enhance flexibility for unitholders. The full text of the agreement is available as Exhibit 10.1 in the filing.
