Clearway Energy

Did anyone notice the big public announcement that NRG energy had sold the solar farm near Ft Stockton to Clearway Energy? Apparently no one did. It was casually mentioned in the last edition of the Wilco Sun. Why did NRG sell the solar farm and presumably the contract with the City of Georgetown?

As NRG Energy continued to grow, its balance sheet became saddled with debt. Does this sound familiar, ala SunEdison? Earlier this year, NRG Energy decided to divest its stake in NRG Yield and sell off a large portion of its power generation assets in order to focus on its retail business. NRG Yield was sold to Global Infrastructure Partners for $1.375B. Global Infrastructure Partners, a private equity investment fund, created and controls Clearway Energy.

So the financial engineering games continue to be played by the big money in the investment world!

And little Georgetown thinks they can renegotiate more favorable terms for its existing contract with these investment professionals? Good luck with that! These people are committed to extracting the maximum yield for their investors.

Clearway Energy is publicly traded under the tickers CWEN and CWEN.A. The CWEN.A is class A stock and has 100 times the voting strength of the class C shares, CWEN.