DALLAS, TEXAS — Tenaska Power Services Co. (TPS) will provide energy management services for Longview Power, LLC (Longview), a 695-megawatt supercritical pulverized coal generating plant being built in West Virginia, the company has announced.
Longview will be one of the cleanest, most efficient solid fuel plants in the U.S. When it begins commercial operation in 2011, it will be the first new large coal plant to be built in the PJM market in over five years.
Longview is owned by GenPower, based in Boston, Mass. TPS is the electric marketing affiliate of Tenaska, one of the nation’s largest independent energy companies.
Under an energy management agreement, TPS will provide generation scheduling and settlement services and basis risk management in the PJM market, as well as certain contract management, credit management and market related advisory services.
“The scope of services being provided by Tenaska Power Services, integrated with GenPower’s marketing and origination efforts, is integral to the future success of optimizing Longview’s value and enhances GenPower’s overall approach to the market,” said Mark Cardano, Vice President Marketing and Origination of GenPower Services, LLC.
TPS President Trudy Harper said TPS looks forward to the opportunity to optimize Longview’s generation. “We are pleased to be chosen to bring our strength in market operations and asset management to benefit this cutting edge plant.”
About Tenaska Power Services Co. (TPS)
TPS is an affiliate of Omaha-based energy company Tenaska, one of the leading independent power producers in the U.S. Forbes magazine has ranked Tenaska 16th on its list of the largest privately-held U.S. companies, based on 2008 revenues. TPS, Tenaska’s power marketing affiliate, markets electricity and provides energy management services to approximately 20,000 megawatts of load and generation in the U.S.
Tenaska has developed approximately 9,000 megawatts of power generation and manages and operates eight power plants totaling 6,700 MW that it owns in partnership with other companies. All of its generation is committed under long-term agreements. Tenaska affiliates also market natural gas, electric power and biofuels, with Tenaska’s natural gas marketing affiliate (Tenaska Marketing Ventures) regarded as one of the top 10 natural gas marketers in North America. Tenaska affiliates are also involved in private equity investments and acquisition management; fuel supply; natural gas exploration, production and transportation systems; and electric transmission development. To learn more about Tenaska, visit the company’s website at www.tenaska.com.
About GenPower Holdings, L.P.
GenPower Holdings, L.P. is a joint venture of GenPower management and First Reserve Corporation, a leading global private equity firm. The joint venture was formed in October 2006 to pursue the development, acquisition, ownership, and operation of power generation facilities in the United States and abroad. Longview Power is the first major investment by the joint venture. GenPower’s management team includes power industry veterans who have extensive experience in power project development, finance, construction and operations. For more information on GenPower please visit the company’s website atwww.genpower.net.
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