Clearway Energy Inc-C 2024年度报告

☒ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the Fiscal Year endedDecember31, 2024☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the Transition period fromto. Clearway Energy, Inc. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☒No☐ ndicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Exchange Act.Yes☐No☒ I Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of RegulationS-T(§232.405of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the ExchangeAct. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).Yes☐Nox If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ As of the last business day of the most recently completed second fiscal quarter, the aggregate market value of the common stock of the registrant held by non-affiliateswas approximately $2,047million based on the closing sale prices of such shares as reported on the New York Stock Exchange. Documents Incorporated by Reference:Portions of the Registrant’s Definitive Proxy Statement relating to its 2025 Annual Meeting of Stockholdersare incorporated by reference into PartIII of this Annual Report on Form10-K TABLE OF CONTENTSIndex GLOSSARY OF TERMS PART I Item 1 — BusinessItem 1A — Risk FactorsItem 1B — Unresolved Staff CommentsItem 1C — CybersecurityItem 2 — PropertiesItem 3 — Legal ProceedingsItem 4 — Mine Safety Disclosures PART II Item 5 — Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity SecuritiesItem 6 — ReservedItem 7 — Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 7A — Quantitative and Qualitative Disclosures About Market RiskItem 8 — Financial Statements and Supplementary DataItem 9 — Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem 9A — Controls and ProceduresItem 9B — Other InformationPART III Item 10 — Information about Directors, Executive Officers and Corporate GovernanceItem 11 — Executive CompensationItem 12 — Security Ownership of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13 — Certain Relationships and Related Transactions, and Director IndependenceItem 14 — Principal Accounting Fees and ServicesPART IV Item 15 — Exhibits, Financial Statement Schedules EXHIBIT INDEXItem 16 — Form 10-K Summary GLOSSARY OF TERMS When the following terms and abbreviations appear in the text of this report, they have the meanings indicated below:2028 Senior Notes$850 million aggregate principal amount of 4.75% unsecured senior notes due 2028, issued byClearway Energy Operating LLC2031 Senior Notes$925 million aggregate principal amount of 3.75% unsecured senior notes due 2031, issued byClearway Energy Operating LLC2032 Senior Notes$350 million aggregate principal amount of 3.75% unsecured senior notes due 2032, issued byClearway Energy Operating LLCAdjusted EBITDAA non-GAAP measure, represents earnings before interest (including loss on debt extinguishment),tax, depreciation and amortization adjusted for mark-to-market gains or losses, asset write offs and