A LEADER IN
INDEPENDENT POWER
Cogentrix Energy, LLC is a leading independent power producer
with a long track record of developing, constructing, and operating power
generation assets, and marketing wholesale power to utility customers produced
at these assets. Cogentrix’s focused, disciplined approach has resulted not only
in achieving superior returns over an extended timeframe, but achieving these
results with a minimized and well managed risk profile. Founded in 1983
by an experienced and entrepreneurial power engineer, George Lewis, Cogentrix
adopted a business model that deployed standardized, cost-effective generating
plant designs under long term power agreements to creditworthy utility
customers. Today, Cogentrix continues to deploy its core strengths in the
areas of development, acquisition, power marketing, construction, operation and
management of power assets in expanding its power portfolio.
Cogentrix is embarking on what it believes will be an
exciting, high value and profitable new chapter in the Company’s growth story.
The combination of receding reserve margins across North America and the
significant, growing appetite of regulators and utilities — municipal, co-operative and
investor owned — for environmentally advanced generation resources characterizes
an industry in which an experienced, well-respected development firm with a
strong track record and substantial internal resources is positioned for
success. Accordingly, Cogentrix is now focused on the development of predominantly renewable and other low-emission generating resources, and the acquisition of contracted or
“contractable” merchant generation that exhibit opportunities to materially
enhance value through environmental improvements, operational enhancement and power
marketing.
Cogentrix has offices in California and Virginia,
in addition to the corporate offices in Charlotte, North Carolina.
Cogentrix Energy is an indirect, wholly-owned subsidiary of The Goldman Sachs
Group, Inc.
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