Clearway Energy amends exchange agreement letting CEG units swap into Class C shares
On April 1, 2026, Clearway Energy and its subsidiaries signed a Third Amended and Restated Exchange Agreement. The change lets CEG Unitholders exchange Class B units for Class C common stock instead of Class A common stock, on a one-for-one basis. The filing does not state financial results or a dollar effect, so its direct impact on shareholders is not quantified.
Key points
- Agreement dated April 1, 2026 amends and restates the Second Amended and Restated Exchange Agreement dated October 28, 2024.
- Class B units of Clearway Energy LLC may now be exchanged for Class C common stock rather than Class A common stock.
- Exchanges remain one-for-one, and a corresponding number of Class B common stock shares will be extinguished.
- The full agreement is filed as Exhibit 10.1.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.