Experience

YearSituationDescriptionRegionSizeKelson Role
2018 - PresentNew Harquahala GeneratingAsset Management and RestructuringWECC1,092 MWAsset management and restructuring on behalf of an affiliate of Beal Bank.
2018 - PresentLa Paloma GeneratingAsset Management and RestructuringCal-ISO1,022 MWAsset management and restructuring on behalf of an affiliate of Beal Bank.
2012 - PresentDogwood EnergyAsset Management and Strategic DivestitureSPP650 MWConverted this plant to a joint ownership structure and sold fractional interests to municipal and governmental load serving entities.
2014-2018Sundevil PowerRestructuring, Asset Management and DivestitureWECC1,100 MWAsset management, restructuring and transaction management on behalf of affiliates of Wayzata Investment Partners and Beal Bank. Plant was sold to Salt River Project (SRP).
2014-2016West Valley PowerAcquisition, Asset Management and DivestitureWECC190 MWAsset management and transaction management on behalf of an affiliate of Wayzata Investment Partners. Plant was sold to the Utah Municipal Power Authority (UMPA).
2014-2016Castleton Energy CenterAsset Management and DivestitureNYISO72 MWAsset management and transaction management on behalf of an affiliate of Wayzata Investment Partners. Plant was sold to Fortistar.
2011Magnolia EnergyRedevelopment and Strategic DivestitureSERC/PJM968 MWQualified the plant as a PJM external capacity resource and cleared in PJM’s capacity auctions. Plant was sold to TVA
2011Island CogenRedevelopment and Strategic DivestitureBritish Columbia
Canada
260 MWRedeveloped the asset to a peaking resource after its industrial host shut down. Following redevelopment, this plant was sold to Capital Power.
2011Cottonwood EnergyStrategic DivestitureSERC1,279 MWManaged the asset and ownership interests for four years, concluding with sale to NRG.
2010King City CogenStrategic DivestitureCAISO120 MWManaged the lease equity position for three years concluding with sale to GE.
2009Calgary Energy CenterStrategic DivestitureAlberta
Canada
300 MWManaged the asset and ownership interests for two years concluding with sale to ENMAX.
2008Redbud EnergyRedevelopment and Strategic DivestitureSPP1,230 MWRedeveloped this plant to allow it to achieved full operating status and sold it to Oklahoma Gas and Electric.
2007 - 2011Calpine Power Income FundAcquisitionCanada & CALISO688 MWAcquired this 3-plant portfolio from Calpine and turned around the plants for individual sale. The equity sponsor was an affiliate of Harbinger Capital Partners.
2007Kelson Energy RefinancingRefinancingSERC & SPP$1.67
billion
Refinanced Kelson’s 4,132 MW project financed portfolio into a multi tranche corporate debt structure.
2007 - 2014Aries PowerAcquisition and TurnaroundSPP585 MWAcquired this asset from Calpine via bankruptcy auction and rebranded it as Dogwood Energy. The equity sponsor was an affiliate of Harbinger Capital Partners.
2006Tiverton Power & Rumford PowerRestructuringISO-NE532 MWSupported the lender group acquiring the assets via Calpine’s bankruptcy proceeding.
2005 - 2012Intergen North AmericaAcquisition and TurnaroundSERC & SPP3,477 MWAcquired this 3-plant portfolio and turned around the plants for individual sale. The equity sponsor was an affiliate of Harbinger Capital Partners.
2004 - 2006ADA-ES Mercury Control SystemsStart-upUSANAManaged the start-up and roll out of a mercury control system for coal fired power plants in advance of the EPA’s Mercury and Air Toxics (MATs) regulations.
2003 - 2006Attala GeneratingAcquisition, Turnaround and Strategic DivestitureEntergy515 MW/Assisted lender /ownership group through foreclosure from NEGT and managed the asset until its sale to Entergy Mississippi.