Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 366

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 6
Chunk 366
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 contained in this Form 20-F under Item 6. C “ Board Practices,” Item 3. D “ Risk Factors - Risks Relating to our Relationship with Brookfield” and Item 6. A “ Directors and Senior Management”.

6. B COMPENSATION

Our Management

The Managing General Partner does not have any employees. We have entered into our Master Services Agreement with the Service Provider pursuant to which the Service Provider and certain other affiliates of

Brookfield provide or arrange for other service providers to provide management services to BEP, BRELP, BEPC and the Holding Entities. The fees payable under the Master Services Agreement are set forth under Item 6. A “ Directors and Senior Management - Our Master Services Agreement - Management Fee”. In addition, Brookfield is entitled to receive incentive distributions from BRELP described under Item 7. B “ Related Party Transactions - Incentive Distributions”.

Pursuant to our Master Services Agreement, members of Brookfield’s senior management and other individuals from Brookfield’s global affiliates are drawn upon to fulfill obligations under our Master Services Agreement. These individuals, including the Brookfield employees identified in the table above under Item 6. A “ Directors and Senior Management - Our Management”, are not compensated by BEP or our Managing General Partner; instead they are and will continue to be compensated by Brookfield. Further disclosure required under Canadian securities laws regarding the compensation of certain members of our core senior management team for the year endedDecember 31, 2024 will be separately filed in Canada within 140 days of December 31, 2024 and furnished concurrently on a Form 6-K.

Board of Directors of the Managing General Partner

Our directors are entitled to an annual retainer of $165,000 for their service on the board of directors and committees of the Managing General Partner and the board of directors and committees of BEPC, and reimbursement of expenses incurred in attending meetings. For the year ended December 31, 2024, each of the directors received $165,000 for their service on the board of directors and committees of the Managing General Partner and the board of directors and committees of BEPC, and reimbursement of expenses incurred in attending meetings. Additionally, in recognition of the time commitment required by certain directors for travel to attend board meetings in Bermuda, directors resident in certain locations receive an annual long distance travel stipend of $15,000.

In addition, the Chair of the Audit Committee of the Managing General Partner and BEPC receives an additional $20,000, the