Nathaniel Anschuetz
About Nathaniel Anschuetz
Nathaniel Anschuetz (age 37) has served on Clearway Energy, Inc.’s Board since August 2018. He is a Partner at Global Infrastructure Partners (GIP) and previously worked as an analyst in Citigroup’s Power & Utilities Coverage Group (2010–2012). He graduated cum laude from Columbia College with an A.B. in Economics and Operations Research, concentrating in Sustainable Development. He is not an independent director and serves on the Energy Risk Management Committee .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Citigroup (Power & Utilities Coverage Group) | Analyst | Jun 2010–Jun 2012 | Early career sector coverage experience |
| Global Infrastructure Partners (GIP) | Partner | 2012–present | Financial expertise brought to CWEN Board |
| SunPower Corporation | Director | Sep 2022–Oct 2024 | Board service at a U.S. solar company |
External Roles
| Organization | Role | Status |
|---|---|---|
| Zephyr Acquisition Holdings, L.P. (indirect parent of Clearway Energy Group) | Director | Current |
| Eolian, L.P. | Director | Current |
| SunPower Corporation | Director | Prior (Sep 2022–Oct 2024) |
Board Governance
- Independence: Not independent
- Committee assignments: Energy Risk Management Committee (member)
- ERM meetings: 6 in 2024
- Board meetings: 5 regular and 1 special in 2024
- Attendance: All incumbent directors attended at least 75% of Board/committee meetings in 2024
- Shareholder support: 2024 vote “For” 63,127,063; “Against” 5,707,735; broker non-votes 3,242,236
Governance context: CWEN is a “controlled company” under NYSE rules due to Clearway Energy Group (jointly owned by TotalEnergies and GIP) controlling >50% voting power, and CWEN avails itself of certain exemptions (no requirement for majority independent board; compensation committee not entirely independent). Audit and Corporate Governance, Conflicts and Nominating (GCN) are fully independent; GCN held 18 meetings in 2024 and oversees conflicts/related party transactions .
Fixed Compensation
| Element | Amount | Notes |
|---|---|---|
| Annual Cash Retainer | $0 | Employees or directors affiliated with GIP/TotalEnergies receive no director compensation |
| Committee Chair Fees | $0 | Not a chair; affiliated directors receive no fees |
| Equity (DSUs) | $0 | Independent directors receive DSUs; affiliated directors do not |
Performance Compensation
- None (affiliated directors receive no equity compensation from CWEN; DSUs and DERs are granted to independent directors only) .
Other Directorships & Interlocks
| Company | Role | Potential Interlock/Conflict Context |
|---|---|---|
| Zephyr Acquisition Holdings, L.P. | Director | Indirect parent of Clearway Energy Group (CEG), CWEN’s controlling sponsor; extensive related-party dealings overseen by GCN – |
| Eolian, L.P. | Director | GIP-affiliated energy investment platform |
| SunPower Corporation | Director (Sep 2022–Oct 2024) | Prior board service at a solar company; TotalEnergies-affiliated directors also served during 2024 |
Expertise & Qualifications
- A.B. Economics & Operations Research, Columbia College, cum laude; Sustainable Development concentration
- Financial/infrastructure investment expertise via GIP; prior investment banking coverage at Citigroup
- Board-level energy industry exposure through SunPower and sponsor platforms
Equity Ownership
| Holder | Class A Shares | Class C Shares | DSUs (A/C) | Options | Pledged | Ownership % |
|---|---|---|---|---|---|---|
| Nathaniel Anschuetz | — | — | — | — (not disclosed) | Prohibited by company policy | <1% |
Insider Trades
- No recent Form 4 transactions identified for CWEN by Nathaniel Anschuetz over the past 18 months (third-party tracker) .
- Q4 2024: No director/officer adopted, modified or terminated Rule 10b5‑1 or non‑Rule 10b5‑1 trading arrangements (disclosure in 10‑K) .
Governance Assessment
- Controlled company risk: CWEN leverages NYSE “controlled company” exemptions; stockholders may not have same protections as companies subject to all NYSE rules .
- Conflict exposure: As a GIP Partner and director at Zephyr (indirect parent of CEG), Anschuetz is affiliated with CWEN’s sponsor. CWEN has extensive related-party transactions with CEG (e.g., ~$6.06 million paid under the Master Services Agreement in 2024; significant O&M/ASA/land lease payments; distributions to CEG of ~$193.993 million in 2024), all subject to GCN review/approval under the Related Person Transaction Policy –.
- Committee independence: ERM Committee had 1 independent member in 2024; Anschuetz serves on ERM but is not independent, suggesting sponsor influence in risk policy oversight (mitigated by Audit and GCN committees being fully independent) .
- Ownership alignment: Anschuetz holds no CWEN shares, and affiliated directors do not receive director equity, which limits “skin‑in‑the‑game” alignment compared to independent directors subject to stock ownership guidelines (5× cash retainer) .
- Anti‑hedging/pledging: Company prohibits hedging and pledging by directors, moderating alignment risks .
- Engagement: Board/committee attendance met ≥75% threshold; Board held 6 meetings (5 regular, 1 special) in 2024; regular executive sessions and annual self‑evaluations .
- Shareholder sentiment: 2024 say‑on‑pay support ~98% indicates broad support for compensation governance, though it pertains to executives rather than directors . 2024 director election support for Anschuetz was strong (63.1 million “For”) .
RED FLAGS: Controlled company status with sponsor-affiliated director; extensive related-party transactions with CEG; ERM committee not majority independent; zero personal CWEN share ownership (alignment gap) .
MITIGANTS: Independent Audit and GCN committees; formal Related Person Transaction Policy and high meeting cadence at GCN; anti-hedging/pledging policy – .