
Experience
Year | Situation | Description | Region | Size | Kelson Role |
---|---|---|---|---|---|
2020-Present | New Athens Generating | Asset Management & Restructuring | NYISO | 1080 MW | Asset management and restructuring on behalf of an affiliate of Beal Bank. |
2020-Present | Millennium Power Company | Asset Management & Restructuring | ISONE | 360 MW | Asset management and restructuring on behalf of an affiliate of Beal Bank. |
2020-Present | Solomon Energy Storage Center | Development, and Asset Management | SPP | 1 MW / 5 MWH | Project development and asset optimization on behalf of the Kansas Power Pool |
2018 - Present | New Harquahala Generating | Asset Management and Restructuring | WECC | 1,092 MW | Asset management and restructuring on behalf of an affiliate of Beal Bank. |
2014-2018 | Sundevil Power | Restructuring, Asset Management and Divestiture | WECC | 1,100 MW | Asset management, restructuring and transaction management on behalf of affiliates of Wayzata Investment Partners and Beal Bank. Plant was sold to Salt River Project (SRP). |
2014-2016 | West Valley Power | Acquisition, Asset Management and Divestiture | WECC | 190 MW | Asset management and transaction management on behalf of an affiliate of Wayzata Investment Partners. Plant was sold to the Utah Municipal Power Authority (UMPA). |
2014-2016 | Castleton Energy Center | Asset Management and Divestiture | NYISO | 72 MW | Asset management and transaction management on behalf of an affiliate of Wayzata Investment Partners. Plant was sold to Fortistar. |
2012 - Present | Dogwood Energy | Asset Management, Restructuring and Strategic Divestiture | SPP | 650 MW | Converted this plant to a joint ownership structure and sold fractional interests to municipal and other load serving entities. |
2011 | Magnolia Energy | Redevelopment and Strategic Divestiture | SERC/PJM | 968 MW | Qualified the plant as a PJM external capacity resource and cleared in PJM’s capacity auctions. Plant was sold to TVA |
2011 | Island Cogen | Redevelopment and Strategic Divestiture | British Columbia Canada | 260 MW | Redeveloped the asset to a peaking resource after its industrial host shut down. Following redevelopment, this plant was sold to Capital Power. |
2011 | Cottonwood Energy | Strategic Divestiture | SERC | 1,279 MW | Managed the asset and ownership interests for four years, concluding with sale to NRG. |
2010 | King City Cogen | Strategic Divestiture | CAISO | 120 MW | Managed the lease equity position for three years concluding with sale to GE. |
2009 | Calgary Energy Center | Strategic Divestiture | Alberta Canada | 300 MW | Managed the asset and ownership interests for two years concluding with sale to ENMAX. |
2008 | Redbud Energy | Redevelopment and Strategic Divestiture | SPP | 1,230 MW | Redeveloped this plant to allow it to achieved full operating status and sold it to Oklahoma Gas and Electric. |
2007 - 2014 | Aries Power | Acquisition and Turnaround | SPP | 585 MW | Acquired this asset from Calpine via bankruptcy auction and rebranded it as Dogwood Energy. The equity sponsor was an affiliate of Harbinger Capital Partners. |
2007 - 2011 | Calpine Power Income Fund | Acquisition | Canada & CAISO | 688 MW | Acquired this 3-plant portfolio from Calpine and turned around the plants for individual sale. The equity sponsor was an affiliate of Harbinger Capital Partners. |
2007 | Kelson Energy Refinancing | Refinancing | SERC & SPP | $1.67 billion | Refinanced Kelson’s 4,132 MW project financed portfolio into a multi tranche corporate debt structure. |
2006 | Tiverton Power & Rumford Power | Restructuring | ISO-NE | 532 MW | Supported the lender group acquiring the assets via Calpine’s bankruptcy proceeding. |
2005 - 2012 | Intergen North America | Acquisition and Turnaround | SERC & SPP | 3,477 MW | Acquired this 3-plant portfolio and turned around the plants for individual sale. The equity sponsor was an affiliate of Harbinger Capital Partners. |
2004 - 2006 | ADA-ES Mercury Control Systems | Start-up | USA | NA | Managed 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 - 2006 | Attala Generating | Acquisition, Turnaround and Strategic Divestiture | Entergy | 515 MW/ | Assisted lender /ownership group through foreclosure from NEGT and managed the asset until its sale to Entergy Mississippi. |
2020-Present | Minneapolis Energy Storage Facility | Development, and Asset Management | SPP | 1 MW / 5 MWH | Project development and asset management on behalf of the Kansas Power Pool |