Tenaska Names Gregory Kelly to Lead Company’s Development Group



OMAHA, Neb. – Gregory (Greg) Kelly, currently a vice president of development for Tenaska, has been named president of Tenaska’s Development Group, effective April 1. Current Development President David Fiorelli is retiring March 31 after 19 years of service with the company and more than 35 years in the energy industry. He will continue to serve on Tenaska’s Board of Stakeholders post-retirement through a transition period.

The company’s Development Group is responsible for identifying and developing new power generation plants, a core function of Tenaska since its founding in 1987.

“Dave Fiorelli has been instrumental to Tenaska’s development success over the years. His innovative approach is well known and regarded in the industry, and we thank him for his leadership,” said Tenaska CEO and Vice Chairman Jerry Crouse. “Greg is committed to high-quality customer service, straightforward dealing, innovation and delivering efficient and reliable electric power in the Tenaska tradition.”

The transition is consistent with the company’s long-term succession planning strategy, Crouse said.

Kelly joined Tenaska in 2011 with 30 years of experience in the energy industry, including senior executive positions at TXU Wholesale/Luminant and Calpine Corporation. In his current position, he helps lead strategic planning activities and is responsible for business development and origination for energy projects.

He currently leads origination activities for a number of natural gas-fueled projects throughout North America, including the Tenaska Brownsville Generating Station, a proposed 800-MW natural gas-fueled electric generating station in Brownsville, Texas. In 2013, the Brownsville Public Utilities Board entered into a development and purchase agreement for the project, in which its ownership interest entitles it to receive 200 MWs. Development efforts continue as Tenaska markets the remainder of the capacity.

Kelly also provides leadership in project development activities, including power contracting and hedging, site acquisition, local permitting and agreement acquisition, and business guidance for various Tenaska teams, including finance, legal, engineering and construction, during the development phase of the projects. He’s involved in the scoping and bidding of projects, including working with engineering and construction on conceptual design and technology deployment, and he develops business relationships related to new project development activities. He has a bachelor’s degree in mechanical engineering from Georgia Institute of Technology.

“Tenaska’s strength as a developer today is its ability to successfully deploy traditional and new technologies, such as solar, leveraging its depth and breadth of expertise. I am excited to be a part of Tenaska’s commitment to growth in the dynamic North American power generation market,” Kelly said.

Tenaska has developed approximately 9,000 megawatts (MW) of natural-gas fueled and renewable power generation and has approximately 4,000 MW of natural gas and renewable projects in pre-financing development. Tenaska has financed more than $12.2 billion through bank facilities, capital market transactions and corporate facilities, including one of the largest commercially financed solar projects in the U.S., the 130-MW Tenaska Imperial Solar Energy Center South near El Centro, Calif., that began commercial operation Nov. 1, 2013.

About Tenaska

Tenaska, based in Omaha, Neb., is one of the leading independent power producers in the U.S., with regional offices in Dallas, Denver, Houston, Pittsburgh and Calgary and Vancouver, Canada. Forbes magazine consistently ranks Tenaska among the largest privately held U.S. companies. Tenaska and its affiliates manage approximately 39,000 megawatts (MW) of assets on behalf of itself, a variety of customers and private equity investors, including 18 power generating plants, totaling approximately 13,000 MW. Eight of those plants are owned by Tenaska in partnership with other companies and 10 are private equity investments managed by Tenaska Capital Management, LLC. Affiliates also provide energy risk management services and are involved in asset acquisition and management; marketing of natural gas, power, biofuels and related agricultural products, and natural gas fuels; natural gas exploration, production and transportation systems; and electric transmission development. For more information about Tenaska, visit www.tenaska.com.

Media Contacts:

Holley Salmi
Office: (402) 691-9710
Mobile: (402) 672-0069
hsalmi@tenaska.com

Delette Olberg
Office: (402) 691-9595
Mobile: (402) 332-9380
dolberg@tenaska.com