---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-054964"
form_type: "8-K"
ticker: null
cik: "0001637757"
company_name: "Clearway Energy LLC"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:30:17.055727+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Clearway Energy CEO Chris Sotos to depart June 30; Craig Cornelius appointed, 2024 CAFD guidance reaffirmed at $395M

## Summary
- Chris Sotos will step down as President and CEO of Clearway Energy, Inc. effective June 30, 2024.
- Craig Cornelius, current CEO of sponsor Clearway Energy Group, will succeed Sotos as CEO and join the board on June 30.
- Company reaffirms 2024 CAFD guidance of $395 million and 5-8% annual dividend growth target through 2026.
- Separation agreement includes waiver of non-compete, pro-rata 2024 bonus, and up to $20k expense reimbursement.
- Cornelius Employment Agreement: base salary $750k, target bonus 175% of salary, LTIP target 350% of salary.

## SEC filing metadata
- accession: 0001104659-24-054964
- form_type: 8-K
- cik: 0001637757
- company_name: Clearway Energy LLC
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1637757/000110465924054964/0001104659-24-054964-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1637757/000110465924054964/tm2413071d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-054964
- JSON: https://secwatch.observer/filing/0001104659-24-054964.json
- Plain text: https://secwatch.observer/filing/0001104659-24-054964.txt

## Key facts
- Executive change
  Christopher S. Sotos resigned as President and Chief Executive Officer at Clearway Energy LLC.
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: On April 30, 2024, Christopher S. Sotos informed Clearway Energy, Inc. (“Clearway, Inc.”), the parent company of Clearway Energy LLC (the “Company”) that, effective as of June 30, 2024 (the “Effective Date), he will move on from his position as President and Chief Executive Officer of Clearway, Inc. and the Company to pursue other opportunities.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637757/000110465924054964/0001104659-24-054964-index.htm
- Executive change
  Craig Cornelius was appointed as Chief Executive Officer at Clearway Energy LLC.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: on April 30, 2024, Craig Cornelius was appointed to serve as the Chief Executive Officer of Clearway, Inc. and the Company, effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637757/000110465924054964/0001104659-24-054964-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.