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CM - Apollo bets on Clearway despite PG&E contract worries - March 2019

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Apollo Global Management now has a 6% stake in Clearway Energy Inc., a renewable energy producer that sells to California utility PG&E Corp., which filed one of the largest energy bankruptcy petitions on record on Jan. 29. Sources told Reuters that Apollo moved on Clearway after its shares fell in value, stemming from the PG&E action. Clearway recently cut its dividend to $0.20 from $0.33 a share on concerns that PG&E could halt its purchase agreement for wind, solar......
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