A LEADING INDEPENDENT POWER PRODUCER

Cogentrix is a leading independent power producer with a long track record of successfully acquiring, developing, constructing, operating and divesting power generation assets. Consistent with its engineering origins and culture, Cogentrix maintains a disciplined and well-designed approach to asset improvement. The firm’s ability to enhance value has resulted in achieving superior operating performance from its power generation assets while maintaining a minimal and well-managed risk profile. Based in Charlotte, North Carolina, Cogentrix is owned by The Carlyle Group, one of the world’s largest alternative asset management firms, and serves as Carlyle’s in-house power asset management platform.

The Cogentrix Team has extensive engineering and operational experience across a broad range of generation technologies, including: (a) gas- and oil-fired combined cycle, (b) gas-fired simple cycle, (c) coal-fired technologies, including scrubbed pulverized and stoker coal units and circulating fluidized bed and waste coal units, (d) solar technologies, including solar thermal and concentrating photovoltaic (“CPV”) and (e) run-of-river hydroelectric generation. The firm’s broad base of capabilities allows it to assist Carlyle in the assessment and pursuit of a wide array of market opportunities. Together, Carlyle and Cogentrix are focused on the acquisition and development of generating resources that exhibit opportunity to materially enhance value through environmental improvements, operational enhancement and asset management.

Since its founding in 1983, Cogentrix has developed or acquired 41 power plants, including the acquisition of 22 power plants with total gross generation capacity of approximately 5,300 MW and the development and construction of 19 power plants with total gross generation capacity of 5,100 MW. Through the ownership and operation of these plants, Cogentrix has participated in most of the major power regions in the U.S. Cogentrix currently manages a portfolio of 11 power generation assets comprised of a diverse mix of fuel types, geographies and technologies including gas-fired combined cycle and simple cycle, CPV and thermal solar, stoker coal-fired generation and circulating fluidized bed coal-fired generation.

The Carlyle Group

The Carlyle Group is a global alternative asset manager with more than $203 billion in assets under management across 126 funds and 139 fund of funds vehicles. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world’s largest and most successful investment firms, with more than 1,600 professionals operating in 40 offices in North America, South America, Europe, the Middle East, North Africa, Sub-Saharan Africa, Japan, Asia and Australia.