| Schedule of Segment Reporting |
| | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, 2026 | | (In millions) | Flexible Generation | | Renewables & Storage | | Corporate (a) | | Total | | Operating revenues | $ | 85 | | | $ | 437 | | | $ | — | | | $ | 522 | | | Cost of operations, exclusive of depreciation, amortization and accretion shown separately below | 34 | | | 133 | | | — | | | 167 | | | Depreciation, amortization and accretion | 28 | | | 169 | | | 1 | | | 198 | | | General and administrative | — | | | — | | | 13 | | | 13 | | | Transaction and integration costs | — | | | — | | | 9 | | | 9 | | | Operating income (loss) | 23 | | | 135 | | | (23) | | | 135 | | | Equity in earnings of unconsolidated affiliates | 1 | | | 28 | | | — | | | 29 | | | Other income, net | — | | | 11 | | | 1 | | | 12 | | | | | | | | | | | Interest expense | (9) | | | (7) | | | (27) | | | (43) | | | Income (loss) before income taxes | 15 | | | 167 | | | (49) | | | 133 | | | Income tax expense | — | | | — | | | 10 | | | 10 | | | Net Income (Loss) | 15 | | | 167 | | | (59) | | | 123 | | | Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interests | — | | | 8 | | | 64 | | | 72 | | | Net Income (Loss) Attributable to Clearway Energy, Inc. | $ | 15 | | | $ | 159 | | | $ | (123) | | | $ | 51 | | | Balance Sheet | | | | | | | | | | | | | | | | Capital expenditures (b) | $ | 2 | | | $ | 267 | | | $ | — | | | $ | 269 | | | | | | | | | |
(a) Includes eliminations. (b) Includes accruals. | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, 2025 (as revised) (a) | | (In millions) | Flexible Generation | | Renewables & Storage | | Corporate (b) | | Total | | Operating revenues | $ | 106 | | | $ | 323 | | | $ | — | | | $ | 429 | | | Cost of operations, exclusive of depreciation, amortization and accretion shown separately below | 31 | | | 97 | | | — | | | 128 | | | Depreciation, amortization and accretion | 28 | | | 148 | | | — | | | 176 | | | | | | | | | | | General and administrative | — | | | — | | | 10 | | | 10 | | | Transaction and integration costs | — | | | — | | | 3 | | | 3 | | | Operating income (loss) | 47 | | | 78 | | | (13) | | | 112 | | | Equity in earnings of unconsolidated affiliates | — | | | 15 | | | — | | | 15 | | | Other income, net | 1 | | | 6 | | | — | | | 7 | | | Loss on debt extinguishment | — | | | (7) | | | — | | | (7) | | | Interest expense | (9) | | | (61) | | | (28) | | | (98) | | | Income (loss) before income taxes | 39 | | | 31 | | | (41) | | | 29 | | | Income tax benefit | — | | | — | | | (31) | | | (31) | | | Net Income (Loss) | 39 | | | 31 | | | (10) | | | 60 | | | Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests | — | | | (316) | | | 144 | | | (172) | | | Net Income (Loss) Attributable to Clearway Energy, Inc. | $ | 39 | | | $ | 347 | | | $ | (154) | | | $ | 232 | | | Balance Sheet | | | | | | | | | | | | | | | | Capital expenditures (c) | $ | 2 | | | $ | 71 | | | $ | — | | | $ | 73 | | | | | | | | | |
(a) The following table reconciles the revisions for the Renewables & Storage and Corporate segments: | | | | | | | | | | | | | | | | | | | Three months ended September 30, 2025 | | (In millions) | As Previously Reported | | Adjustments | | As Revised | | Renewables & Storage Segment: | | | | | | | Net loss attributable to noncontrolling interests | $ | (322) | | | $ | 6 | | | $ | (316) | | | Net income attributable to Clearway Energy, Inc. | 353 | | | (6) | | | 347 | | | Corporate Segment: | | | | | | | Net income attributable to noncontrolling interests | $ | 146 | | | $ | (2) | | | $ | 144 | | | Net loss attributable to Clearway Energy, Inc. | (156) | | | 2 | | | (154) | |
(b) Includes eliminations. (c) Includes accruals. | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2026 | | (In millions) | Flexible Generation | | Renewables & Storage | | Corporate (a) | | Total | | Operating revenues | $ | 232 | | | $ | 1,125 | | | $ | — | | | $ | 1,357 | | | Cost of operations, exclusive of depreciation, amortization and accretion shown separately below | 93 | | | 357 | | | — | | | 450 | | | Depreciation, amortization and accretion | 84 | | | 490 | | | 2 | | | 576 | | | | | | | | | | | General and administrative | — | | | — | | | 39 | | | 39 | | | Transaction and integration costs | — | | | — | | | 21 | | | 21 | | | Operating income (loss) | 55 | | | 278 | | | (62) | | | 271 | | | Equity in earnings of unconsolidated affiliates | 3 | | | 42 | | | — | | | 45 | | | Other income, net | 2 | | | 22 | | | 4 | | | 28 | | | Loss on debt extinguishment | — | | | (5) | | | — | | | (5) | | | Interest expense | (25) | | | (130) | | | (94) | | | (249) | | | Income (loss) before income taxes | 35 | | | 207 | | | (152) | | | 90 | | | Income tax expense | — | | | — | | | 5 | | | 5 | | | Net Income (Loss) | 35 | | | 207 | | | (157) | | | 85 | | | Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests | — | | | (142) | | | 217 | | | 75 | | | Net Income (Loss) Attributable to Clearway Energy, Inc. | $ | 35 | | | $ | 349 | | | $ | (374) | | | $ | 10 | | | Balance Sheet | | | | | | | | | Equity investments in affiliates | $ | 68 | | | $ | 323 | | | $ | — | | | $ | 391 | | Capital expenditures (b) | 7 | | | 391 | | | — | | | 398 | | | Total Assets | $ | 1,743 | | | $ | 15,436 | | | $ | 194 | | | $ | 17,373 | |
(a) Includes eliminations. (b) Includes accruals. | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2025 (as revised) (a) | | (In millions) | Flexible Generation | | Renewables & Storage | | Corporate (b) | | Total | | Operating revenues | $ | 224 | | | $ | 895 | | | $ | — | | | $ | 1,119 | | | Cost of operations, exclusive of depreciation, amortization and accretion shown separately below | 86 | | | 295 | | | — | | | 381 | | | Depreciation, amortization and accretion | 84 | | | 418 | | | — | | | 502 | | | | | | | | | | | General and administrative | — | | | — | | | 31 | | | 31 | | | Transaction and integration costs | — | | | — | | | 8 | | | 8 | | | Operating income (loss) | 54 | | | 182 | | | (39) | | | 197 | | | Equity in earnings of unconsolidated affiliates | — | | | 27 | | | — | | | 27 | | | Other income, net | 3 | | | 17 | | | 2 | | | 22 | | | Loss on debt extinguishment | — | | | (7) | | | — | | | (7) | | | Interest expense | (27) | | | (195) | | | (75) | | | (297) | | | Income (loss) before income taxes | 30 | | | 24 | | | (112) | | | (58) | | | Income tax benefit | — | | | — | | | (26) | | | (26) | | | Net Income (Loss) | 30 | | | 24 | | | (86) | | | (32) | | | Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests | — | | | (460) | | | 169 | | | (291) | | | Net Income (Loss) Attributable to Clearway Energy, Inc. | $ | 30 | | | $ | 484 | | | $ | (255) | | | $ | 259 | | | Balance Sheet | | | | | | | | | Equity investments in affiliates | $ | 72 | | | $ | 229 | | | $ | — | | | $ | 301 | | Capital expenditures (c) | 4 | | | 158 | | | — | | | 162 | | | Total Assets | $ | 1,859 | | | $ | 14,123 | | | $ | 84 | | | $ | 16,066 | |
(a) The following table reconciles the revisions for the Renewables & Storage and Corporate segments: | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2025 | | (In millions) | As Previously Reported | | Adjustments | | As Revised | | Renewables & Storage Segment: | | | | | | | Net loss attributable to noncontrolling interests | $ | (483) | | | $ | 23 | | | $ | (460) | | | Net income attributable to Clearway Energy, Inc. | 507 | | | (23) | | | 484 | | | Corporate Segment: | | | | | | | Net income attributable to noncontrolling interests | $ | 178 | | | $ | (9) | | | $ | 169 | | | Net loss attributable to Clearway Energy, Inc. | (264) | | | 9 | | | (255) | |
(b) Includes eliminations. (c) Includes accruals.
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| Schedule of Error Corrections and Prior Period Adjustments |
The following table reconciles the revisions for the Renewables & Storage and Corporate segments: | | | | | | | | | | | | | | | | | | | Three months ended September 30, 2025 | | (In millions) | As Previously Reported | | Adjustments | | As Revised | | Renewables & Storage Segment: | | | | | | | Net loss attributable to noncontrolling interests | $ | (322) | | | $ | 6 | | | $ | (316) | | | Net income attributable to Clearway Energy, Inc. | 353 | | | (6) | | | 347 | | | Corporate Segment: | | | | | | | Net income attributable to noncontrolling interests | $ | 146 | | | $ | (2) | | | $ | 144 | | | Net loss attributable to Clearway Energy, Inc. | (156) | | | 2 | | | (154) | |
(b) Includes eliminations. (c) Includes accruals. The following table reconciles the revisions for the Renewables & Storage and Corporate segments: | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2025 | | (In millions) | As Previously Reported | | Adjustments | | As Revised | | Renewables & Storage Segment: | | | | | | | Net loss attributable to noncontrolling interests | $ | (483) | | | $ | 23 | | | $ | (460) | | | Net income attributable to Clearway Energy, Inc. | 507 | | | (23) | | | 484 | | | Corporate Segment: | | | | | | | Net income attributable to noncontrolling interests | $ | 178 | | | $ | (9) | | | $ | 169 | | | Net loss attributable to Clearway Energy, Inc. | (264) | | | 9 | | | (255) | |
(b) Includes eliminations. (c) Includes accruals. A summary of the corrections to the impacted financial statement line items is presented below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, 2025 | | Nine months ended September 30, 2025 | | (In millions, except per share amount) | | As Previously Reported | Adjustments | As Revised | | As Previously Reported | Adjustments | As Revised | | | (Unaudited) | | (Unaudited) | | Consolidated Statement of Operations | | | | | | | | | | Net loss attributable to noncontrolling interests and redeemable noncontrolling interests | | $ | (176) | | $ | 4 | | $ | (172) | | | $ | (305) | | $ | 14 | | $ | (291) | | | Net income attributable to Clearway Energy, Inc. | | 236 | | (4) | | 232 | | | 273 | | (14) | | 259 | | | Earnings per weighted average Class A and Class C common share - basic and diluted | | $ | 2.00 | | $ | (0.03) | | $ | 1.97 | | | $ | 2.32 | | $ | (0.12) | | $ | 2.20 | | | Consolidated Statement of Comprehensive Income | | | | | | | | | | Comprehensive loss attributable to noncontrolling interests | | $ | (178) | | $ | 4 | | $ | (174) | | | $ | (319) | | $ | 14 | | $ | (305) | | | Comprehensive income attributable to Clearway Energy, Inc. | | $ | 233 | | $ | (4) | | $ | 229 | | | $ | 264 | | $ | (14) | | $ | 250 | | Consolidated Balance Sheet (As of September 30, 2025) | | | | | | | | | | Redeemable noncontrolling interest in subsidiaries | | $ | 74 | | $ | 30 | | $ | 104 | | | | | | | Retained earnings | | 372 | | (14) | | 358 | | | | | | | Noncontrolling interest | | 3,666 | | (16) | | 3,650 | | | | | | | Total Stockholders’ Equity | | $ | 5,715 | | $ | (30) | | $ | 5,685 | | | | | | | Consolidated Statements of Stockholders’ Equity | | | | | | | | | | Retained Earnings: | | | | | | | | | | Net income | | $ | 236 | | $ | (4) | | $ | 232 | | | | | | Retained Earnings at September 30, 2025 | | $ | 372 | | $ | (14) | | $ | 358 | | | | | | | Noncontrolling Interest: | | | | | | | | | | Net loss | | $ | 9 | | $ | (19) | | $ | (10) | | | | | | Noncontrolling Interest at September 30, 2025 | | $ | 3,666 | | $ | (16) | | $ | 3,650 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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