Clearway Energy said it is correcting immaterial accounting errors tied to HLBV calculations and disclosed a material weakness in internal controls identified in the fourth quarter.
- Filing updates financial information in 10-Qs for quarters ended March 31, June 30 and Sept. 30, 2025
- Errors relate to HLBV accounting used to allocate net income to tax equity partners
- Company said errors were immaterial individually and in aggregate
- No restatement required; prior periods will be revised in future filings
- Corrections had no impact on net income or operating cash flow
- Identified material weakness in controls over review of HLBV calculations
- Remediation efforts ...