Report: TerraForm Power Under SEC Investigation Two Weeks Before SunEdison Probe Disclosures

published on Monday a new research report that focuses a confirmed but undisclosed SEC investigation involving

-

yieldco. SunEdison disclosed a Department of Justice and SEC investigation in late March. However, Probes Reporter stated in its latest research report that its yieldco, TerraForm, was already the subject of an SEC. Related Link:

SunEdison and TerraForm Power have both faced an array of internal investigations, resignations and delayed regulatory filings. Probes Reporter stated that it received a letter from the SEC which confirmed TerraForm Power's company's involvement in an on-going enforcement proceedings. The letter was dated March 14, 2016, implying the investigation began 2 weeks before SunEdison's disclosures of a DOJ and SEC investigation. A prior letter was dated February 11, 2106 which suggested TerraForm Power was involved in an unspecific SEC investigative activity that was undisclosed at the time. A previous letter from the SEC, dated January 12, 2016, indicated a lack of any recent investigative activity at SunEdison. TerraForm's SEC activity remains undisclosed as of this date, Probes Reporter added. Finally, Probes Reporter said that it has no research history of

in its database.