1,820 MW in construction or development in Ohio

Transcription

1 Utica Summit IV Independent Generator Perspective October 11, ,820 MW in construction or development in Ohio

2 Agenda > Introduction > Gas to Electricity > Ohio Projects > Q&A

3 Introduction About Advanced Power

4 Introduction a history of steady growth Financial close of Carroll County Energy, a 714 MW CCGT in Ohio Advanced Power continues development of the South Field Energy project in Columbiana County, OH as well as other projects in the eastern United States 2004 AP formed, and European development business is established 2008 North America development business is established Malženice: a 430 MW CCGT in Slovakia, is sold to EON T-Power: Financial close of 420MW CCGT in Belgium Advanced Power focuses on growth of the North American portfolio, centered on fundamental changes in the power market (coal to gas) Advanced Power builds on acquisition capability and expands construction and asset management platform

5 Introduction a solid vision backed by experience > Advanced Power s vision is to be a world-class developer and a manager of independent power generation and related infrastructure projects. > Management has led the development of over 15,000 MW of power generation projects and $7 billion of limited recourse project financing. The company currently has 7,000 MW in operation or under development. > Advanced Power has a mandate to develop, acquire and manage 5,000MW over the next 5 years in North America and Europe. ACTIVE DEVELOPMENT CONSTRUCTION OR OPERATION

6 Gas to Electricity Safe, Reliable power generation

7 Electric generation from pipeline to end user Pipeline Gas Fired Generator Residential Low Voltage Distribution System High Voltage Transmission System Commercial Industrial

8 Ohio Generation Projects Stable, long-term commitments for investors, partners & communities

9 Why Ohio? > Main drivers for Advanced Power s development in Ohio > Generation capacity needed in Ohio, over 6GW of coal fired retirements announced in Ohio prior to end of > Significant negative gas basis to Henry Hub driven by Marcellus and Utica production. > Deregulated, large, liquid and well-established electricity markets in PJM allow gas fired generation to fully and freely compete with installed generation. > Robust gas and electrical infrastructure and favorable regulatory environment Data Source: Ventyx Data Source: Ventyx

10 > Status: Under Construction > Location > Washington Township, Carroll County, Ohio > 2.5 miles north of Carrollton, Ohio > Connections > Gas Interconnection: Tennessee Gas Pipeline Electrical Interconnection: AEP 345kV > Water Source: Village of Carrollton > Technology > Two GE 7F.05 Gas Turbines > 2x1 Combined Cycle Gas Turbine with Duct Firing > Air Cooled Condensers > Zero Liquid Discharge > Performance > Nominal Capacity: 714MW (ISO) > Construction/Operation > Advanced Power: Construction and Asset Manager > Bechtel: EPC contractor (lump sum turnkey contract) > Ethos Energy: Operator > Financial Close > Successfully raised $899MM of limited recourse financing, achieving Financial Close in April 2015 > Ownership/Partnerships > Advanced Power, TIAA-CREF, Chubu Electric, Ullico, Prudential Insurance Company of America, Lincoln Financial

11 Carroll County Energy > Construction Phase

12 > Status: Active Development > Location > Yellow Creek Township, Columbiana County, Ohio > 3 miles north of Wellsville, Ohio > Connections > Gas Interconnection: Dominion Transmission System > Electrical Interconnection: ATSI 345kV > Water Source: Buckeye Water District treatment facility > Performance > Nominal Capacity: 1,105MW (ISO) > Construction/Operation > Bechtel: EPC contractor > Advanced Power: Construction and Asset Manager > Schedule to Financial Close > Target Financial Close in 2017 > Technology > Two GE 7H.02 turbines > 2x2 combined cycle gas turbine with Duct Firing > Mechanical wet cooling towers > Ownership/Partnerships > 100% Advanced Power > Development partner: Bechtel

13 Advanced Power s Impact on the State of Ohio > Advanced Power s impact between Carroll County Energy and South Field Energy on the State of Ohio includes: > Over $2.0 billion of total investment > Construction: > $2.2 billion of total economic impact > Average of over 1,000 construction jobs and more than 2,700 indirect and induced jobs > Operations > $75 million total economic impact annually > ~55 new full-time facility jobs and more than 200 indirect and induced jobs > Through Enterprise Zone Agreements, Advanced Power projects also provide a guaranteed source of revenue to local schools and municipalities > By bonding annual payments from Carroll County Energy, Carrollton Exempted Village School District will construct a new 6-12 school building in the Village of Carrollton

14 Questions?

15 For more information about Advanced Power, please contact: Zac Gordon Project Manager, South Field Energy or visit advancedpowerna.com