UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2022 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-36002 Clearway Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 46-1777204 (State or other jurisdiction of incorporation or organization) (I.R.S. E ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from to . Commission File Number: 001-36002 Clearway Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 46-1777204 (State or other jurisdiction of incorpora ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2021 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-36002 Clearway Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 46-1777204 (State or other jurisdiction of incorporation or organization) (I.R. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2021 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-36002 | --- | --- | --- | --- | |----------------------------------------------------------------------------|---------------------------------|-------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2021 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-36002 Clearway Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 46-1777204 (State or other jurisdiction of incorporation or organization) (I.R.S. E ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from to . Commission File Number: 001-36002 Clearway Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 46-1777204 (State or other jurisdiction of incorpora ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2020 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-36002 Clearway Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 46-1777204 (State or other jurisdiction of incorporation or organization) (I.R. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2020 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-36002 Clearway Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 46-1777204 (State or other jurisdiction of incorporation or organization) (I.R.S. Em ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2020 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-36002 Clearway Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 46-1777204 (State or other jurisdiction of incorporation or organization) (I.R.S. E ...

Financial Overview - Total operating revenues for the year ended December 31, 2019, were $1,053 million, with contributions from Conventional Generation ($337 million), Renewables ($523 million), and Thermal ($193 million) [43]. - Net income for the year was $54 million, compared to a net loss of $196 million in the previous year [43]. - Total assets as of December 31, 2019, amounted to $8,500 million, with significant contributions from renewable assets ($5,836 million) [43]. - As of December 31, 2019, the Company had approximately $6,858 million of total consolidated indebtedness, with $5,175 million incurred by non-guarantor subsidiaries [101]. - The Company intends to distribute a significant amount of the CAFD through regular quarterly distributions and dividends [90]. - The Company’s ability to pay dividends is dependent on cash generated from operations, which can fluctuate based on capital expenditures, operating expenses, and market conditions [193]. - The Company cannot guarantee sufficient cash generated from operations to pay a specific level of cash dividends to holders of its Class A or Class C common stock [194]. - The Company’s dividends are subject to the discretion of its board of directors, which may decrease or discontinue payments [198]. Asset and Investment Strategy - The Company owns over 5,875 MW of wind, solar, and natural gas-fired power generation facilities, with a weighted average remaining contract duration of approximately 13 years as of December 31, 2019 [14]. - The Company plans to grow through acquisitions of contracted operating assets, with a focus on renewable and conventional generation and thermal infrastructure assets [29]. - The Company has committed investments in projects with CEG, including a $170 million equity investment in business renewables and various solar and wind projects with capacities ranging from 39 MW to 150 MW [30]. - The Company expects to rely primarily on external financing sources, including debt and equity securities, to fund acquisitions and growth capital expenditures [91]. - The Company may face challenges in identifying and consummating future acquisitions on favorable terms due to competition with larger companies [92]. - The Company's ability to acquire future renewable facilities may depend on the viability of public policy mechanisms supporting renewable generation [94]. - The Company’s growth through acquisitions is contingent on CEG's ability to identify suitable opportunities, with no obligation for CEG to sell any assets [182]. Revenue Sources and Customer Base - Approximately 40% of consolidated revenue in 2019 was derived from Southern California Edison, and 22% from PG&E [72]. - PG&E represented approximately 22% of the Company's consolidated operating revenues and 14% of total accounts receivable as of December 31, 2019 [77]. - The largest customers of the Company's power generation assets were SCE and PG&E, representing 40% and 22% of total consolidated revenues during the year ended December 31, 2019 [84]. Regulatory and Compliance Risks - The Company is subject to various federal and state regulations, including those from FERC and PUCT, impacting its operations in the energy market [58]. - The Company does not anticipate significant capital expenditures to comply with current environmental regulations in the foreseeable future [44]. - The electric generation business is subject to extensive regulations, and non-compliance could result in significant penalties and operational shutdowns [149]. - The Company faces potential liabilities from environmental regulations, which could lead to substantial costs and operational restrictions [155]. - Legislative measures addressing greenhouse gas emissions could raise electricity costs from fossil fuels, reducing demand for conventional power generation [157]. - The Company is subject to risks from potential legislation or regulation that could increase costs for environmental compliance, impacting conventional assets [158]. Operational Risks and Challenges - The Company’s electricity generation from renewable sources is highly dependent on favorable weather conditions, which are beyond its control [117]. - The profitability of thermal assets is subject to regulatory approval, impacting revenue from steam and chilled water sales [128]. - The Company relies on a limited number of suppliers for essential services, which exposes it to significant financial risks if these suppliers fail to perform [132]. - Certain customers may opt for on-site systems instead of using the Company's Energy Centers, potentially impacting revenue from these facilities [133]. - The Company may face difficulties in renewing letter of credit facilities, which could adversely impact its financial condition and cash flows [107]. - The Company’s operations are at risk from disruptions in fuel supplies necessary for power generation, which could adversely impact financial results [171]. Debt and Financial Management - The Company's substantial debt increases vulnerability to economic conditions and limits cash flow for operations and dividends [103]. - Financial covenants in the revolving credit facility restrict the Company's ability to return capital to stockholders and may prevent cash dividends [104]. - Changes in the London Interbank Offered Rate (LIBOR) could increase interest expenses related to outstanding debt [110]. - The Company's ability to obtain financing is influenced by economic conditions, credit availability, and its financial performance [108]. Corporate Governance and Control - GIP controls the Company with approximately 54.95% of the combined voting power, influencing corporate governance and strategic decisions [177]. - As of December 31, 2019, GIP indirectly controls 54.95% of the Company's combined voting power, allowing it to elect all board members, which may affect corporate governance [192]. - Provisions in the Company's charter documents and Delaware law could delay or prevent beneficial acquisitions for Class A and Class C common stockholders, complicating management changes [209]. - The Company's amended and restated bylaws may discourage or prevent mergers or acquisitions that stockholders might favor, including those that could provide a premium for their shares [210]. Cybersecurity and Operational Risks - The Company faces potential adverse effects from cyber-based security risks that could disrupt operations and lead to significant financial losses [163]. - The Company may incur substantial costs if it needs to substitute service providers due to CEG's default, potentially affecting its operational efficiency [185]. - The Company may face difficulties in acquiring attractive projects due to significant disruptions in accessing capital markets or increases in interest rates, which could adversely affect its growth strategy and financial condition [208].