Terraform Power, Inc. (TERP): Appaloosa Management Raises Stake and Steps Up Involvement

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Page 3 of 12 – SEC Filing

CUSIP No.   88104R100
1 NAMES OF REPORTING PERSONS.
Palomino
Master Ltd.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  [    ]
(b)  [    ]
3 SEC USE ONLY
4 SOURCE OF FUNDS:    WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e):   [     ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION:    British Virgin Islands
NUMBER OF 7 SOLE VOTING POWER:
SHARES BENEFICIALLY 8 SHARED VOTING POWER: 4,983,909
OWNED BY
EACH REPORTING 9 SOLE DISPOSITIVE POWER:
PERSON WITH 10 SHARED DISPOSITIVE POWER: 4,983,909
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:    4,983,909
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   [     ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):    6.23%(1)
14 TYPE OF REPORTING PERSON:   CO

(1) The percentage set forth in
Row 13 of this Cover Page is based on the 80,033,122 shares of Class A Common Stock of the Issuer outstanding as of October 31,
2015, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 9, 2015.

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