BOSTON, M.A., Feb. 5, 2008- Terra-Gen Power, LLC ("Terra-Gen"), a leading renewable energy company, announced today it has hired James Pagano to act as its Chief Executive Officer. Terra-Gen, owned by affiliates of ArcLight Capital Partners, LLC, owns interests in twenty geothermal, wind and solar generating plants located through-out the United States with a combined installed capacity of 824 megawatts, acquired from Caithness Energy on December 7, 2007.
Mr. Pagano joins Terra-Gen with over 20 years experience in the power industry. Prior to joining Terra-Gen, Mr. Pagano was with LS Power where he was President of LS Power Development. Prior to joining LS Power, Pagano worked for Caithness Energy and Cogentrix Energy Inc. where he held various positions including Chief Financial Officer of Cogentrix.
"Jim Pagano has a proven track record of value creation in the power generation business, said Dan Revers, Managing Partner of ArcLight. "We are confident that Terra-Gen will make great strides under his leadership."
"Terra-Gen's outstanding renewable assets and seasoned management team combine to create a strong foundation for future growth and success," said Pagano. "The Company's relationship with ArcLight will help to facilitate and finance the expansion of the business to capitalize on the exciting renewable energy opportunities available domestically."
ABOUT TERRA-GEN POWER:
Terra-Gen Power is a leading renewable energy company headquartered in New York, New York with offices in Reno, Nevada. Terra-Gen owns interests in the three Coso (240 MW), Dixie Valley (66 MW) and Beowawe (18 MW) geothermal projects; the Cameron Ridge (60 MW), Pacific Crest (47 MW), San Gorgonio (43 MW), Foote Creek II-IV (43 MW), Texas Big Spring (34 MW), Ridgetop (31 MW), Peetz (30 MW), Oak Creek (23 MW), 251 (18 MW), VG Repower (7 MW), and Chandler (2 MW) wind power projects; and the SEGS VIII (80 MW), SEGS IX (80 MW) solar power projects. Terra-Gen provides operation, maintenance and management to twenty of the projects. More information about Terra-Gen can be found at http://www.terra-genpower.com.
ABOUT ARCLIGHT:
ArcLight is one of the world's leading energy investment firms with more than $6.8 billion under management. ArcLight's investment team has extensive energy investing experience, industry relationships, and asset level knowledge. ArcLight is headquartered in Boston, Massachusetts with offices in New York City, London and Luxembourg. More information about ArcLight can be found at http://www.arclightcapital.com.