“We have old-fashioned ideas: a conservative approach to business that delivers value to customers.”
– Tenaska Chairman and CEO Howard Hawks

In business since 1987, Tenaska, one of the largest independent power producers in the United States, has established a solid reputation as a reliable provider of value to customers in:

• Power plant development, construction and operation
• Natural gas, electric power and biofuels marketing
• Energy risk management
• Fuel procurement
• Energy asset acquisition, development and management
• Natural gas transportation, exploration and production and
• Electric transmission

The company is well known and respected within the independent power industry. Tenaska Chairman and CEO Howard Hawks was selected to be the first independent power representative on the board of the North American Electric Reliability Council (NERC).



In 2008, Tenaska’s gross operating revenues were $16 billion and its assets were $3.3 billion. Forbes and Fortune magazines rank Tenaska 24th and 25th, respectively, among the largest privately-held U.S. companies.

With expertise in site development, engineering, construction and operating management, Tenaska has developed 9,000 megawatts (MW) of generating facilities.  It manages and operates 10 power plants totaling more than 6,800 MW that it owns in partnership with other companies.

A Tenaska affiliate, Tenaska Marketing Ventures/Tenaska Marketing Canada (TMV), ranks in the top 10 natural gas marketers in North America, selling or managing 2.04 trillion cubic feet of gas in 2008 – a volume equal to about 8 percent of the total U.S. natural gas consumption.  Tenaska Power Services (TPS), Tenaska’s power marketing affiliate, develops power supply solutions for customers and operates a 24-hour marketing center, where it sold 12,118 gigawatt-hours of electricity in 2008.

In 2008, Tenaska built on its expertise in the natural gas industry by forming a gas exploration and production company, Tenaska Resources, LLC. The company has acquired oil and gas leases and will begin gas drilling and production activities in the Marcellus Shale, which lies under most of Pennsylvania and West Virginia. Tenaska also has formed Tenaska Drilling Services, LLC to purchase and operate the drilling rigs necessary to access the Marcellus Shale gas. In addition, Tenaska formed Tenaska Midstream Services, LLC to develop and operate the midstream facilities necessary to gather and process gas from Tenaska Resources as well as third-party producers in the Appalachian area.

Tenaska BioFuels, LLC (TBF) provides marketing, physical delivery and financial services to customers in the ethanol and biodiesel industries. TBF is a multi-commodity business, with an international reputation for expertise in transportation and storage. In 2008, 53 percent of TBF’s business was a result of services and marketing for the ethanol, diesel and biodiesel industries. The rest was comprised of vegetable oil sales.

Tenaska Capital Management, LLC is the manager of Tenaska Power Fund, L.P. (TPF I) and TPF II, L.P. (TPF II). TPF I and TPF II are standalone private equity funds, with more than $4 billion in a diverse group of energy and power assets with a focus on power generation, gas storage, infrastructure and midstream energy assets.

See the Annual Report for more details about Tenaska’s activities and record of success in the U. S. energy industry.

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