Edition:
United States

Clearway Energy Says Damage Occurred To Associated Infrastructure At CVSR Due To June 5 Fire


Wednesday, 19 Jun 2019 05:27pm EDT 

June 19 (Reuters) - Clearway Energy Inc ::CLEARWAY ENERGY - ON JUNE 5, A FIRE OCCURRED IN SAN LUIS OBISPO COUNTY, CALIFORNIA AT CALIFORNIA VALLEY SOLAR RANCH PROJECT, WHICH IS OWNED BY CO'S UNIT.CLEARWAY ENERGY SAYS ROOT CAUSE OF JUNE 5 FIRE, WHICH AFFECTED APPROXIMATELY 1,200 ACRES, APPEARS TO BE RELATED TO AN AVIAN INCIDENT - SEC FILING.CLEARWAY ENERGY-CURRENTLY, 40 OF 250 MEGAWATTS AT CVSR ARE IN OPERATION, AND COMPANY EXPECTS THAT CVSR WILL RETURN TO FULL OPERATIONS BY JULY 1, 2019.CLEARWAY ENERGY - ESTIMATES CASH IMPACT OF JUNE 5 FIRE TO BE BETWEEN $8 MILLION AND $9 MILLION IN 2019, AFTER ESTIMATED INSURANCE RECOVERY.CLEARWAY ENERGY - THERE HAS YET TO BE ANY OBSERVED DAMAGE TO SOLAR ARRAYS AT CALIFORNIA VALLEY SOLAR RANCH PROJECT DUE TO JUNE 5 FIRE.CLEARWAY ENERGY - DAMAGE OCCURRED TO ASSOCIATED INFRASTRUCTURE AT CVSR DUE TO JUNE 5 FIRE, RESULTING IN NEED TO REPLACE DISTRIBUTION POLES & CABLING. 

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17.24
0.36 +2.13%
19 Jul 2019