TerraForm Power Inc., a public holding company founded and controlled by bankrupt clean-energy giant SunEdison Inc., reached a deal with bondholders to buy more time to file its delayed 2015 annual report, Bloomberg News reported yesterday. A unit of the yieldco, TerraForm Power Operating LLC, persuaded subsets of bondholders to extend the deadline to file the 2015 report and its first-quarter report to Dec. 6, according to a statement on Tuesday. In May, bondholders slapped Bethesda, Md.-based TerraForm Power with notices of default for failing to produce the annual report. That left the yieldco with about 90 days to file or extend the deadline -- or face a demand for accelerated payments. TerraForm, which owns operating wind and solar farms, has blamed SunEdison for its inability to file. SunEdison, it has said, provides systems needed to complete the reports. In March -- about a month before it filed for bankruptcy protection -- SunEdison attributed its own delayed 2015 report to “deficient information technology controls” from a new reporting system.
