PRESENTATION Fourth Quarter and Fiscal Year 2026 Results Safe Harbor Statement All statements in this presentation that are not historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by words such as "believe," "intend," "expect," "may," "could," "would," "will," "should," "plan," "project," "contemplate," "anticipate," or similar statements. Because these statements reflect the current views of Ar ...

Core Insights - AI has the potential to be the most impactful technology ever developed, but requires significant physical infrastructure investment, with total spending on AI-related infrastructure projected to reach $7 trillion over the next decade [1] Brookfield Renewable - Brookfield Renewable is a global leader in clean power, operating hydro, wind, solar, and battery storage assets, and has a growing sustainable solutions portfolio including nuclear services [4] - The company is building 10.5 gigawatts of renewable power for Microsoft, marking the largest corporate power purchase agreement to date, and has signed a significant hydropower supply deal with Google [5] - Brookfield Renewable expects to deliver over 10% annual growth in funds from operations (FFO) per share through 2031, with analysts projecting nearly 20% annual FFO per share growth over the next three years [7] Brookfield Infrastructure - Brookfield Infrastructure focuses on utilities, energy midstream, transportation, and data infrastructure assets, investing across the AI infrastructure value chain [8] - The company has partnered with Intel to fund the construction of semiconductor foundries and is building new data centers to support large technology companies [10] - Brookfield Infrastructure anticipates FFO per share growth of over 10% annually, potentially reaching 14% due to strategic enhancements and favorable market conditions [11] Investment Opportunity - The infrastructure needed to support AI's adoption presents a generational investment opportunity, with Brookfield Infrastructure and Brookfield Renewable positioned as leaders in this space [12]

February 23, 2026 Clearway Energy, Inc. Safe Harbor This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as "expect," "estimate," "target," "anticipate," "forecast," "plan," "outlook," "believe" and similar terms. Such forward-looking statem ...

Company Overview - ReVolve Renewable Power Corp. is a reliable provider of renewable energy solutions for businesses and utilities in Canada, the US, and Mexico [2][4] - The company offers cost-effective and sustainable energy sources through solar, wind, and hybrid technologies [2][4] - ReVolve operates run-of-river, wind, and solar projects with a total capacity of 13 megawatts and has a development portfolio exceeding 3,000 megawatts [2][4] Listing Information - The common shares of ReVolve Renewable Power Corp. have been approved for listing on the Canadian Securities Exchange (CSE) [1][3] - The listing date is set for February 19, 2026, with documents available on the CSE website [1][3] - The company has issued and outstanding 83,835,973 common shares, with an additional 28,217,226 shares reserved for issuance [5] Market Context - As traditional fossil fuel-based power sources face rising costs and environmental penalties, renewable energy is becoming a financially smart choice for companies and utilities [2][4]

Core Viewpoint - PacifiCorp, a utility owned by Berkshire Hathaway, is selling its Washington assets to Portland General Electric for $1.9 billion due to liquidity concerns stemming from wildfire litigation in Oregon [1]. Group 1: Transaction Details - The sale includes the Chehalis natural gas plant, Goodnoe Hills wind facility, Marengo I and II wind facilities, and 4,500 miles of transmission and distribution lines [1]. - Portland General Electric will acquire approximately 140,000 customers in Washington state, covering about 2,700 square miles [1]. - Manulife Investment Management will take a 49% stake in the Washington utility business as part of the transaction [1]. Group 2: Financial and Regulatory Context - PacifiCorp has warned of potential liquidity issues due to litigation from thousands of Oregonians, with damages claims estimated at $52 billion, although actual claims may be lower [1]. - The company is facing "extraordinary pressure" from diverging policies among the six western U.S. states it serves, impacting its financial stability and credit ratings [1]. - The transaction may take at least one year to close, pending federal and state regulatory reviews [1]. Group 3: Strategic Implications - The sale is viewed as a crucial step for PacifiCorp to strengthen its overall position and simplify operations amid complex financial and regulatory pressures [1]. - The assets sold are considered a valuable mix of natural gas and wind resources that will enhance PGE's ability to provide reliable power as electricity demand surges [1]. - The sale does not include PacifiCorp's hydroelectric generation facilities in Washington [1].

Core Viewpoint - PacifiCorp has agreed to sell its wind, natural gas generation, and distribution assets in Washington to Portland General Electric for a total transaction value of $1.9 billion, aiming to enhance financial stability and streamline operations [1][2][3]. Group 1: Transaction Details - The sale includes significant facilities such as the Chehalis thermal plant and the Marengo and Goodnoe Hills wind farms [1]. - The transaction also encompasses the distribution infrastructure serving customers in Yakima, Walla Walla, and surrounding areas currently served by Pacific Power [2]. - The completion of the transaction is expected to take around one year, with both companies working towards a smooth transition for employees in Washington [4]. Group 2: Strategic Rationale - PacifiCorp's decision to divest is driven by increasing challenges related to varying regulatory policies across the six states where it operates, impacting its ability to provide reliable and cost-effective service [2]. - The CEO of PacifiCorp stated that this move is a targeted step to ensure the continued delivery of safe and reliable power to nearly two million customers in the West and Intermountain West [3]. - The transaction aims to better align costs, benefits, and obligations across PacifiCorp's diverse service areas, creating a more workable multi-state utility structure [5]. Group 3: Future Commitments - PacifiCorp has expressed its ongoing commitment to the communities it serves, while PGE aims to sustain growth and investment in the region, focusing on customer satisfaction [4].

Core Viewpoint - Brookfield Renewable is positioned to benefit from the increasing demand for electricity driven by AI, making it a notable energy stock for investors [1]. Group 1: Company Overview - Brookfield Renewable has a market capitalization of $7.9 billion and a current stock price of $43.80, with a dividend yield of 3.40% [2]. - The company has a diverse portfolio that includes hydroelectric, wind, solar assets, energy storage, and distributed generation, aligning with trends in rising electricity demand, decarbonization, and the need for reliable power [2]. Group 2: Financial Performance - In its latest earnings report, Brookfield Renewable reported a 10% growth in funds from operations and has $4.6 billion in available liquidity, indicating strong financial health [4]. - The company has seen its stock price increase by 12% year-to-date and 62% over the past 12 months, significantly outperforming the S&P 500 [5]. Group 3: Strategic Partnerships and Future Outlook - Brookfield Renewable is collaborating with major technology companies such as Microsoft, Google, and Amazon, enhancing its market position [4]. - The company is expected to be one of the most durable renewable energy firms globally in the coming years, with a robust pipeline and the ability to scale its assets effectively [4].

Core Insights - The S&P 500 currently has a low dividend yield of 1.1%, while companies like Enterprise Products Partners, Realty Income, and Brookfield Renewable Partners offer significantly higher yields of 6.5%, 5.3%, and 5.2% respectively [1] Group 1: Enterprise Products Partners - Enterprise Products Partners operates in the energy sector but mitigates commodity price volatility by charging fees for the use of its energy infrastructure assets, such as pipelines [2] - The company has a strong track record with a 27-year streak of annual distribution increases, making it a reliable option for energy exposure with a well-supported 6.5% yield [3][8] Group 2: Realty Income - Realty Income is the largest net lease real estate investment trust (REIT), where tenants cover most property-level operating costs, reducing risk and maintenance efforts [5] - The company has a 30-year history of annual dividend increases and is known as "The Monthly Dividend Company," offering a 5.3% dividend yield that appeals to conservative investors [6] Group 3: Brookfield Renewable Partners - Brookfield Renewable Partners is a major player in the clean energy sector, with a diversified portfolio that includes hydroelectric, solar, wind, storage, and nuclear power across multiple continents [9] - The company provides a 5.2% yield, making it an attractive option for investors seeking clean energy exposure [7][9]

Core Insights - GE Vernova Inc. (NYSE:GEV) is recognized as a leading AI energy stock, with a strong potential for investment [1] - Analyst sentiment is mixed, with some expressing optimism while others raise concerns about oversupply [2][3] Analyst Sentiment - Jefferies has identified GE Vernova as a clear winner, particularly in light of a proposed emergency auction by PJM Interconnection aimed at enhancing electricity affordability and reliability [2] - Citi has increased its price target for GE Vernova from $658 to $708 but maintains a 'Neutral' rating, while Robert W. Baird has downgraded the stock to 'Neutral' with a price target of $649, citing oversupply concerns [3] Company Growth Drivers - At its Investor Day, GE Vernova highlighted that AI-driven demand is just one of several growth drivers, with a robust backlog expected to reach $200 billion by 2028 [4] - The company focuses on designing, manufacturing, and servicing power, wind, and electrification technologies, providing flexible, efficient, and low-carbon electricity solutions globally [4]

Core Insights - Exus Renewables North America has closed a $400-million senior secured corporate credit facility to fund the development and expansion of its renewable energy portfolio [1] - The company currently has over 700 MW of renewable energy assets in operation or under construction, with an additional 4.5 GW in active development [1] - The financing will support development-stage expenditures, including interconnection deposits, commercial offtake, and equipment procurement [1] Company Overview - Exus Renewables North America focuses on developing, repowering, and managing renewable energy assets to drive sustainable growth in the renewable energy sector [1] - The company operates from offices in Pittsburgh, New York, and Albuquerque, with a total portfolio exceeding 5.8 GW [1] Market Position - The company is well-positioned to meet the growing energy demands from data centers, manufacturers, and industrial operations across the nation [1] - Exus has secured major power purchase agreements with notable companies such as Google and Meta, reinforcing its market strength [1] Financing Details - The credit facility was arranged by Santander, Barclays Bank PLC, ING Capital LLC, and Nomura Securities International, Inc. as Coordinating Lead Arrangers [1] - KeyBanc Capital Markets Inc. and BHI, Bank Hapoalim's US commercial banking arm acted as Joint Lead Arrangers, with additional roles played by various financial institutions [1]