NEWS

June 23, 2010
Cogentrix Subsidiary Successfully Closes Financing for Turkey Hydro Projects

February 22, 2010
Rathdrum Power LLC in Rathdrum, Idaho, receives OSHA's highest safety recognition award

 

COGENTRIX  ASSET  PORTFOLIO
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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.