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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
In accordance with SEC disclosure rules, the following table sets forth information regarding the Company’s performance and executive compensation for our principal executive officer (“PEO”) and Non-PEO NEOs for the fiscal years listed below:
​ ​ ​
Summary
Compensation
Table
Total for
(PEO)
($)(2)
​ ​
Compensation
Actually
Paid to
(PEO)
($)(3)
​ ​
Average
Summary
Compensation
Table
Total for
Non-PEO
Named
Executive
Officers
($)(2)
​ ​
Average
Compensation
Actually
Paid to
Non-PEO
Named
Executive
Officers
($)(3)
​ ​
Value of Initial Fixed $100
Investment Based On:(4)
​ ​ ​ ​ ​ ​ ​
Year(1)
​ ​
Total
Shareholder
Return
($)
​ ​
Peer Group
Total
Shareholder
Return
($)
​ ​
Net Income
($000,000)
​ ​
CAFD
($000,000)(5)
​
2023
​ ​ ​ ​ 3,458,999 ​ ​ ​ ​ ​ 2,399,165 ​ ​ ​ ​ ​ 1,092,013 ​ ​ ​ ​ ​ 914,431 ​ ​ ​ ​ ​ 165.11 ​ ​ ​ ​ ​ 111.05 ​ ​ ​ ​ ​ (14) ​ ​ ​ ​ ​ 342 ​ ​
2022
​ ​ ​ ​ 3,348,224 ​ ​ ​ ​ ​ 2,612,184 ​ ​ ​ ​ ​ 1,016,878 ​ ​ ​ ​ ​ 187,491 ​ ​ ​ ​ ​ 181.30 ​ ​ ​ ​ ​ 122.25 ​ ​ ​ ​ ​ 1,060 ​ ​ ​ ​ ​ 326 ​ ​
2021
​ ​ ​ ​ 3,092,509 ​ ​ ​ ​ ​ 5,238,269 ​ ​ ​ ​ ​ 1,066,691 ​ ​ ​ ​ ​ 1,603,696 ​ ​ ​ ​ ​ 196.83 ​ ​ ​ ​ ​ 121.46 ​ ​ ​ ​ ​ (75) ​ ​ ​ ​ ​ 336 ​ ​
2020
​ ​ ​ ​ 3,248,568 ​ ​ ​ ​ ​ 8,010,421 ​ ​ ​ ​ ​ 859,642 ​ ​ ​ ​ ​ 1,413,200 ​ ​ ​ ​ ​ 167.04 ​ ​ ​ ​ ​ 102.72 ​ ​ ​ ​ ​ (62) ​ ​ ​ ​ ​ 295 ​ ​
​
(1)
Christopher Sotos was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
​
2020
​ ​
2021
​ ​
2022
​ ​
2023
​
Kevin P. Malcarney ​ ​ Kevin P. Malcarney ​ ​ Kevin P. Malcarney ​ ​ Kevin P. Malcarney ​
Chad Plotkin ​ ​ Chad Plotkin ​ ​ Sarah Rubenstein ​ ​ Sarah Rubenstein ​
Mary-Lee Stillwell ​ ​ ​ ​ ​ Chad Plotkin ​ ​ ​ ​
​
(2)
Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Mr. Sotos and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for the Company’s Non-PEO NEOs for the applicable year.
​
(3)
The amounts shown for “Compensation Actually Paid” have been calculated in accordance with Item 402(v) of Regulation S-K for the applicable year and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments made as described under the “Reconciliation of CAP Adjustments” section below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
​
(4)
The Peer Group TSR set forth in this table utilizes the Philadelphia Utility Sector Index (“UTY”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2023. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company’s Class C common stock and in the UTY, respectively. Historical stock performance is not necessarily indicative of future stock performance.
​
(5)
As noted in the CD&A, the Compensation Committee selected CAFD as one of the key metrics for evaluating and rewarding management’s performance in the 2023 annual incentive compensation program. CAFD is a non-GAAP measure that is defined in the CD&A under the heading “2023 AIP Bonus Performance Criteria.” Given the importance of CAFD, as discussed further above (i.e., CAFD has a 40% weighting in the AIP scorecard), the Company has determined, in the Company’s assessment, that CAFD represents the most important financial performance measure (that is not otherwise required to be disclosed in the above table) used by the Company to link Compensation Actually Paid to the NEOs for 2023. CAFD may not have been the most important financial performance measure for certain prior years, and the Compensation Committee may determine a different financial performance measure to be the most important financial performance measure in future years.
​
Reconciliation of CAP Adjustments
Year
​ ​
Summary
Compensation
Table Total for
PEO
($)
​ ​
Exclusion of
Stock Awards
for PEO
($)
​ ​
Inclusion of
Equity Values
for PEO
($)
​ ​
Compensation
Actually Paid to
PEO
($)
​
2023
​ ​ ​ ​ 3,458,999 ​ ​ ​ ​ ​ (2,244,752) ​ ​ ​ ​ ​ 1,184,918 ​ ​ ​ ​ ​ 2,399,165 ​ ​
2022
​ ​ ​ ​ 3,348,224 ​ ​ ​ ​ ​ (1,951,273) ​ ​ ​ ​ ​ 1,215,233 ​ ​ ​ ​ ​ 2,612,184 ​ ​
2021
​ ​ ​ ​ 3,092,509 ​ ​ ​ ​ ​ (1,535,147) ​ ​ ​ ​ ​ 3,680,907 ​ ​ ​ ​ ​ 5,238,269 ​ ​
2020
​ ​ ​ ​ 3,248,568 ​ ​ ​ ​ ​ (1,900,423) ​ ​ ​ ​ ​ 6,662,276 ​ ​ ​ ​ ​ 8,010,421 ​ ​
Year
​ ​
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
($)
​ ​
Average
Exclusion of
Stock Awards for
Non-PEO
NEOs
($)
​ ​
Average
Inclusion of
Equity Values for
Non-PEO
NEOs
($)
​ ​
Average
Compensation
Actually
Paid to
Non-PEO
NEOs
($)
​
2023
​ ​ ​ ​ 1,092,013 ​ ​ ​ ​ ​ (480,334) ​ ​ ​ ​ ​ 302,751 ​ ​ ​ ​ ​ 914,431 ​ ​
2022
​ ​ ​ ​ 1,016,878 ​ ​ ​ ​ ​ (495,604) ​ ​ ​ ​ ​ (333,784) ​ ​ ​ ​ ​ 187,491 ​ ​
2021
​ ​ ​ ​ 1,066,691 ​ ​ ​ ​ ​ (387,666) ​ ​ ​ ​ ​ 924,671 ​ ​ ​ ​ ​ 1,603,696 ​ ​
2020
​ ​ ​ ​ 859,642 ​ ​ ​ ​ ​ (383,279) ​ ​ ​ ​ ​ 936,837 ​ ​ ​ ​ ​ 1,413,200 ​ ​
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
​ ​
Year-End
Fair Value
of Equity
Awards Granted
During
Year that
Remained
Unvested as of
Last Day
of Year
for
PEO
($)
​ ​
Change in
Fair Value
from Last
Day of
Prior Year
to Last Day
of Year of
Equity
Awards
Granted
During any
Prior
Year that
Remained
Unvested
as of Last
Day of
Year for PEO
($)
​ ​
Fair Value
as of
Vesting Date
of Equity
Awards
Granted and
Vested
During
Year for
PEO
($)
​ ​
Change in
Fair Value
from Last
Day of Prior Year
to Vesting
Date of Equity
Awards
Granted
During any
Prior Year
that Vested
During
Year for
PEO
($)
​ ​
Fair Value
at Last Day
of Prior Year
of Equity
Awards
Granted During
any Prior
Year that
Forfeited
During
Year for
PEO
($)
​ ​
Total – 
Inclusion of
Equity Values
for PEO
($)
​
2023
​ ​ ​ ​ 2,008,647 ​ ​ ​ ​ ​ (683,914) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (139,815) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 1,184,918 ​ ​
2022
​ ​ ​ ​ 1,813,621 ​ ​ ​ ​ ​ (573,611) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (24,417) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 1,215,233 ​ ​
2021
​ ​ ​ ​ 2,315,802 ​ ​ ​ ​ ​ 1,392,774 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (27,670) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 3,680,907 ​ ​
2020
​ ​ ​ ​ 3,604,128 ​ ​ ​ ​ ​ 3,089,280 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (31,132) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 6,662,276 ​ ​
Year
​ ​
Average
Year-End
Fair Value of
Equity Awards
Granted
During
Year that
Remained
Unvested as
of Last Day
of Year for
Non-PEO
NEOs
($)
​ ​
Average
Change in
Fair Value
from Last
Day of
Prior Year
to Last
Day of Year
of Equity
Awards
Granted
During any
Prior
Year that
Remain
Unvested as
of Last Day
of Year for
Non-PEO
NEOs
($)
​ ​
Average
Fair Value as
of Vesting
Date of Equity
Awards
Granted and
Vested
During Year
for Non-PEO
NEOs
($)
​ ​
Average
Change in
Fair Value
from Last
Day of Prior
Year to Vesting
Date of Equity
Awards
Granted
During any Prior
Year that
Vested
During
Year for
Non-PEO
NEOs
($)
​ ​
Average
Fair Value
at Last Day
of Prior Year
of Equity Awards
Granted
During any
Prior Year
that Forfeited
During
Year for
Non-PEO
NEOs
($)(1)
​ ​
Totals – 
Average
Inclusion of
Equity Values
for Non-PEO
NEOs
($)
​
2023
​ ​ ​ ​ 429,812 ​ ​ ​ ​ ​ (104,706) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (22,355) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 302,751 ​ ​
2022
​ ​ ​ ​ 261,472 ​ ​ ​ ​ ​ (49,476) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (6,922) ​ ​ ​ ​ ​ (538,859) ​ ​ ​ ​ ​ (333,784) ​ ​
2021
​ ​ ​ ​ 584,801 ​ ​ ​ ​ ​ 346,581 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (6,711) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 924,671 ​ ​
2020
​ ​ ​ ​ 582,811 ​ ​ ​ ​ ​ 436,026 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (2,239) ​ ​ ​ ​ ​ (79,762) ​ ​ ​ ​ ​ 936,837 ​ ​
​
​
(1)
These averages result from award forfeitures following Mr. Plotkin’s and Ms. Stillwell’s resignations in 2022 and 2020, respectively.
     
Company Selected Measure Name CAFD      
Named Executive Officers, Footnote
(1)
Christopher Sotos was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
​
2020
​ ​
2021
​ ​
2022
​ ​
2023
​
Kevin P. Malcarney ​ ​ Kevin P. Malcarney ​ ​ Kevin P. Malcarney ​ ​ Kevin P. Malcarney ​
Chad Plotkin ​ ​ Chad Plotkin ​ ​ Sarah Rubenstein ​ ​ Sarah Rubenstein ​
Mary-Lee Stillwell ​ ​ ​ ​ ​ Chad Plotkin ​ ​ ​ ​
     
Peer Group Issuers, Footnote
(4)
The Peer Group TSR set forth in this table utilizes the Philadelphia Utility Sector Index (“UTY”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2023. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company’s Class C common stock and in the UTY, respectively. Historical stock performance is not necessarily indicative of future stock performance.
     
PEO Total Compensation Amount $ 3,458,999 $ 3,348,224 $ 3,092,509 $ 3,248,568
PEO Actually Paid Compensation Amount $ 2,399,165 2,612,184 5,238,269 8,010,421
Adjustment To PEO Compensation, Footnote
Reconciliation of CAP Adjustments
Year
​ ​
Summary
Compensation
Table Total for
PEO
($)
​ ​
Exclusion of
Stock Awards
for PEO
($)
​ ​
Inclusion of
Equity Values
for PEO
($)
​ ​
Compensation
Actually Paid to
PEO
($)
​
2023
​ ​ ​ ​ 3,458,999 ​ ​ ​ ​ ​ (2,244,752) ​ ​ ​ ​ ​ 1,184,918 ​ ​ ​ ​ ​ 2,399,165 ​ ​
2022
​ ​ ​ ​ 3,348,224 ​ ​ ​ ​ ​ (1,951,273) ​ ​ ​ ​ ​ 1,215,233 ​ ​ ​ ​ ​ 2,612,184 ​ ​
2021
​ ​ ​ ​ 3,092,509 ​ ​ ​ ​ ​ (1,535,147) ​ ​ ​ ​ ​ 3,680,907 ​ ​ ​ ​ ​ 5,238,269 ​ ​
2020
​ ​ ​ ​ 3,248,568 ​ ​ ​ ​ ​ (1,900,423) ​ ​ ​ ​ ​ 6,662,276 ​ ​ ​ ​ ​ 8,010,421 ​ ​
Year
​ ​
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
($)
​ ​
Average
Exclusion of
Stock Awards for
Non-PEO
NEOs
($)
​ ​
Average
Inclusion of
Equity Values for
Non-PEO
NEOs
($)
​ ​
Average
Compensation
Actually
Paid to
Non-PEO
NEOs
($)
​
2023
​ ​ ​ ​ 1,092,013 ​ ​ ​ ​ ​ (480,334) ​ ​ ​ ​ ​ 302,751 ​ ​ ​ ​ ​ 914,431 ​ ​
2022
​ ​ ​ ​ 1,016,878 ​ ​ ​ ​ ​ (495,604) ​ ​ ​ ​ ​ (333,784) ​ ​ ​ ​ ​ 187,491 ​ ​
2021
​ ​ ​ ​ 1,066,691 ​ ​ ​ ​ ​ (387,666) ​ ​ ​ ​ ​ 924,671 ​ ​ ​ ​ ​ 1,603,696 ​ ​
2020
​ ​ ​ ​ 859,642 ​ ​ ​ ​ ​ (383,279) ​ ​ ​ ​ ​ 936,837 ​ ​ ​ ​ ​ 1,413,200 ​ ​
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
​ ​
Year-End
Fair Value
of Equity
Awards Granted
During
Year that
Remained
Unvested as of
Last Day
of Year
for
PEO
($)
​ ​
Change in
Fair Value
from Last
Day of
Prior Year
to Last Day
of Year of
Equity
Awards
Granted
During any
Prior
Year that
Remained
Unvested
as of Last
Day of
Year for PEO
($)
​ ​
Fair Value
as of
Vesting Date
of Equity
Awards
Granted and
Vested
During
Year for
PEO
($)
​ ​
Change in
Fair Value
from Last
Day of Prior Year
to Vesting
Date of Equity
Awards
Granted
During any
Prior Year
that Vested
During
Year for
PEO
($)
​ ​
Fair Value
at Last Day
of Prior Year
of Equity
Awards
Granted During
any Prior
Year that
Forfeited
During
Year for
PEO
($)
​ ​
Total – 
Inclusion of
Equity Values
for PEO
($)
​
2023
​ ​ ​ ​ 2,008,647 ​ ​ ​ ​ ​ (683,914) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (139,815) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 1,184,918 ​ ​
2022
​ ​ ​ ​ 1,813,621 ​ ​ ​ ​ ​ (573,611) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (24,417) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 1,215,233 ​ ​
2021
​ ​ ​ ​ 2,315,802 ​ ​ ​ ​ ​ 1,392,774 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (27,670) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 3,680,907 ​ ​
2020
​ ​ ​ ​ 3,604,128 ​ ​ ​ ​ ​ 3,089,280 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (31,132) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 6,662,276 ​ ​
Year
​ ​
Average
Year-End
Fair Value of
Equity Awards
Granted
During
Year that
Remained
Unvested as
of Last Day
of Year for
Non-PEO
NEOs
($)
​ ​
Average
Change in
Fair Value
from Last
Day of
Prior Year
to Last
Day of Year
of Equity
Awards
Granted
During any
Prior
Year that
Remain
Unvested as
of Last Day
of Year for
Non-PEO
NEOs
($)
​ ​
Average
Fair Value as
of Vesting
Date of Equity
Awards
Granted and
Vested
During Year
for Non-PEO
NEOs
($)
​ ​
Average
Change in
Fair Value
from Last
Day of Prior
Year to Vesting
Date of Equity
Awards
Granted
During any Prior
Year that
Vested
During
Year for
Non-PEO
NEOs
($)
​ ​
Average
Fair Value
at Last Day
of Prior Year
of Equity Awards
Granted
During any
Prior Year
that Forfeited
During
Year for
Non-PEO
NEOs
($)(1)
​ ​
Totals – 
Average
Inclusion of
Equity Values
for Non-PEO
NEOs
($)
​
2023
​ ​ ​ ​ 429,812 ​ ​ ​ ​ ​ (104,706) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (22,355) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 302,751 ​ ​
2022
​ ​ ​ ​ 261,472 ​ ​ ​ ​ ​ (49,476) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (6,922) ​ ​ ​ ​ ​ (538,859) ​ ​ ​ ​ ​ (333,784) ​ ​
2021
​ ​ ​ ​ 584,801 ​ ​ ​ ​ ​ 346,581 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (6,711) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 924,671 ​ ​
2020
​ ​ ​ ​ 582,811 ​ ​ ​ ​ ​ 436,026 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (2,239) ​ ​ ​ ​ ​ (79,762) ​ ​ ​ ​ ​ 936,837 ​ ​
​
​
(1)
These averages result from award forfeitures following Mr. Plotkin’s and Ms. Stillwell’s resignations in 2022 and 2020, respectively.
     
Non-PEO NEO Average Total Compensation Amount $ 1,092,013 1,016,878 1,066,691 859,642
Non-PEO NEO Average Compensation Actually Paid Amount $ 914,431 187,491 1,603,696 1,413,200
Adjustment to Non-PEO NEO Compensation Footnote
Reconciliation of CAP Adjustments
Year
​ ​
Summary
Compensation
Table Total for
PEO
($)
​ ​
Exclusion of
Stock Awards
for PEO
($)
​ ​
Inclusion of
Equity Values
for PEO
($)
​ ​
Compensation
Actually Paid to
PEO
($)
​
2023
​ ​ ​ ​ 3,458,999 ​ ​ ​ ​ ​ (2,244,752) ​ ​ ​ ​ ​ 1,184,918 ​ ​ ​ ​ ​ 2,399,165 ​ ​
2022
​ ​ ​ ​ 3,348,224 ​ ​ ​ ​ ​ (1,951,273) ​ ​ ​ ​ ​ 1,215,233 ​ ​ ​ ​ ​ 2,612,184 ​ ​
2021
​ ​ ​ ​ 3,092,509 ​ ​ ​ ​ ​ (1,535,147) ​ ​ ​ ​ ​ 3,680,907 ​ ​ ​ ​ ​ 5,238,269 ​ ​
2020
​ ​ ​ ​ 3,248,568 ​ ​ ​ ​ ​ (1,900,423) ​ ​ ​ ​ ​ 6,662,276 ​ ​ ​ ​ ​ 8,010,421 ​ ​
Year
​ ​
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
($)
​ ​
Average
Exclusion of
Stock Awards for
Non-PEO
NEOs
($)
​ ​
Average
Inclusion of
Equity Values for
Non-PEO
NEOs
($)
​ ​
Average
Compensation
Actually
Paid to
Non-PEO
NEOs
($)
​
2023
​ ​ ​ ​ 1,092,013 ​ ​ ​ ​ ​ (480,334) ​ ​ ​ ​ ​ 302,751 ​ ​ ​ ​ ​ 914,431 ​ ​
2022
​ ​ ​ ​ 1,016,878 ​ ​ ​ ​ ​ (495,604) ​ ​ ​ ​ ​ (333,784) ​ ​ ​ ​ ​ 187,491 ​ ​
2021
​ ​ ​ ​ 1,066,691 ​ ​ ​ ​ ​ (387,666) ​ ​ ​ ​ ​ 924,671 ​ ​ ​ ​ ​ 1,603,696 ​ ​
2020
​ ​ ​ ​ 859,642 ​ ​ ​ ​ ​ (383,279) ​ ​ ​ ​ ​ 936,837 ​ ​ ​ ​ ​ 1,413,200 ​ ​
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
​ ​
Year-End
Fair Value
of Equity
Awards Granted
During
Year that
Remained
Unvested as of
Last Day
of Year
for
PEO
($)
​ ​
Change in
Fair Value
from Last
Day of
Prior Year
to Last Day
of Year of
Equity
Awards
Granted
During any
Prior
Year that
Remained
Unvested
as of Last
Day of
Year for PEO
($)
​ ​
Fair Value
as of
Vesting Date
of Equity
Awards
Granted and
Vested
During
Year for
PEO
($)
​ ​
Change in
Fair Value
from Last
Day of Prior Year
to Vesting
Date of Equity
Awards
Granted
During any
Prior Year
that Vested
During
Year for
PEO
($)
​ ​
Fair Value
at Last Day
of Prior Year
of Equity
Awards
Granted During
any Prior
Year that
Forfeited
During
Year for
PEO
($)
​ ​
Total – 
Inclusion of
Equity Values
for PEO
($)
​
2023
​ ​ ​ ​ 2,008,647 ​ ​ ​ ​ ​ (683,914) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (139,815) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 1,184,918 ​ ​
2022
​ ​ ​ ​ 1,813,621 ​ ​ ​ ​ ​ (573,611) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (24,417) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 1,215,233 ​ ​
2021
​ ​ ​ ​ 2,315,802 ​ ​ ​ ​ ​ 1,392,774 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (27,670) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 3,680,907 ​ ​
2020
​ ​ ​ ​ 3,604,128 ​ ​ ​ ​ ​ 3,089,280 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (31,132) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 6,662,276 ​ ​
Year
​ ​
Average
Year-End
Fair Value of
Equity Awards
Granted
During
Year that
Remained
Unvested as
of Last Day
of Year for
Non-PEO
NEOs
($)
​ ​
Average
Change in
Fair Value
from Last
Day of
Prior Year
to Last
Day of Year
of Equity
Awards
Granted
During any
Prior
Year that
Remain
Unvested as
of Last Day
of Year for
Non-PEO
NEOs
($)
​ ​
Average
Fair Value as
of Vesting
Date of Equity
Awards
Granted and
Vested
During Year
for Non-PEO
NEOs
($)
​ ​
Average
Change in
Fair Value
from Last
Day of Prior
Year to Vesting
Date of Equity
Awards
Granted
During any Prior
Year that
Vested
During
Year for
Non-PEO
NEOs
($)
​ ​
Average
Fair Value
at Last Day
of Prior Year
of Equity Awards
Granted
During any
Prior Year
that Forfeited
During
Year for
Non-PEO
NEOs
($)(1)
​ ​
Totals – 
Average
Inclusion of
Equity Values
for Non-PEO
NEOs
($)
​
2023
​ ​ ​ ​ 429,812 ​ ​ ​ ​ ​ (104,706) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (22,355) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 302,751 ​ ​
2022
​ ​ ​ ​ 261,472 ​ ​ ​ ​ ​ (49,476) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (6,922) ​ ​ ​ ​ ​ (538,859) ​ ​ ​ ​ ​ (333,784) ​ ​
2021
​ ​ ​ ​ 584,801 ​ ​ ​ ​ ​ 346,581 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (6,711) ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 924,671 ​ ​
2020
​ ​ ​ ​ 582,811 ​ ​ ​ ​ ​ 436,026 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ (2,239) ​ ​ ​ ​ ​ (79,762) ​ ​ ​ ​ ​ 936,837 ​ ​
​
​
(1)
These averages result from award forfeitures following Mr. Plotkin’s and Ms. Stillwell’s resignations in 2022 and 2020, respectively.
     
Compensation Actually Paid vs. Total Shareholder Return
Description of Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Company and Peer Group Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, the Company’s Class C common stock cumulative TSR over the four most recently completed fiscal years, and the Peer Group’s cumulative TSR over the same period.
[MISSING IMAGE: lc_peoneo-4c.jpg]
     
Compensation Actually Paid vs. Net Income
Description of Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the four most recently completed fiscal years.
[MISSING IMAGE: lc_peonetincome-4c.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
Description of Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and CAFD
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our CAFD during the four most recently completed fiscal years.
[MISSING IMAGE: lc_peocafd-4c.jpg]
     
Total Shareholder Return Vs Peer Group
Description of Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Company and Peer Group Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, the Company’s Class C common stock cumulative TSR over the four most recently completed fiscal years, and the Peer Group’s cumulative TSR over the same period.
[MISSING IMAGE: lc_peoneo-4c.jpg]
     
Tabular List, Table
TABULAR LIST OF MOST IMPORTANT FINANCIAL PERFORMANCE MEASURES
The following is a list of financial performance measures, which in our assessment represent the most important financial performance measures used by the Company to link Compensation Actually Paid to the NEOs for 2023. The measures in this table are not ranked. In addition to these metrics, the Company’s AIP includes key performance milestones relating to adherence to budget, restructuring of Lighthouse Renewable Holdco LLC and Lighthouse Renewable Holdco 2 LLC, ratio of administrative costs to CAFD, and natural gas strategic plan and execution in order to emphasize those initiatives as priorities throughout the organization. Please see the CD&A for a further description of the metrics used in the Company’s executive compensation program.
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CAFD
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Relative TSR
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CAFD Per Share
     
Total Shareholder Return Amount $ 165.11 181.3 196.83 167.04
Peer Group Total Shareholder Return Amount 111.05 122.25 121.46 102.72
Net Income (Loss) $ (14,000,000) $ 1,060,000,000 $ (75,000,000) $ (62,000,000)
Company Selected Measure Amount 342,000,000 326,000,000 336,000,000 295,000,000
PEO Name Christopher Sotos      
Percentage of Weightage of CAFD in AIP Scorecard 40.00%      
Measure:: 1        
Pay vs Performance Disclosure        
Name CAFD      
Non-GAAP Measure Description
(5)
As noted in the CD&A, the Compensation Committee selected CAFD as one of the key metrics for evaluating and rewarding management’s performance in the 2023 annual incentive compensation program. CAFD is a non-GAAP measure that is defined in the CD&A under the heading “2023 AIP Bonus Performance Criteria.” Given the importance of CAFD, as discussed further above (i.e., CAFD has a 40% weighting in the AIP scorecard), the Company has determined, in the Company’s assessment, that CAFD represents the most important financial performance measure (that is not otherwise required to be disclosed in the above table) used by the Company to link Compensation Actually Paid to the NEOs for 2023. CAFD may not have been the most important financial performance measure for certain prior years, and the Compensation Committee may determine a different financial performance measure to be the most important financial performance measure in future years.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Relative TSR      
Measure:: 3        
Pay vs Performance Disclosure        
Name CAFD Per Share      
PEO | Stock Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (2,244,752) $ (1,951,273) $ (1,535,147) $ (1,900,423)
PEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,184,918 1,215,233 3,680,907 6,662,276
PEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,008,647 1,813,621 2,315,802 3,604,128
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (683,914) (573,611) 1,392,774 3,089,280
PEO | Change In Fair Value As Of Vesting Date Of Current Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (139,815) (24,417) (27,670) (31,132)
PEO | Equity Award Adjustment Fair Value at Last Day of Prior Year of Equity Awards Granted During any Prior Year that Forfeited During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Stock Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (480,334) (495,604) (387,666) (383,279)
Non-PEO NEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 302,751 (333,784) 924,671 936,837
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 429,812 261,472 584,801 582,811
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (104,706) (49,476) 346,581 436,026
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Current Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (22,355) (6,922) (6,711) (2,239)
Non-PEO NEO | Equity Award Adjustment Fair Value at Last Day of Prior Year of Equity Awards Granted During any Prior Year that Forfeited During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ (538,859) $ 0 $ (79,762)