Experience

Year	Situation	Description	Region	Size	Kelson Role
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.
2018 - Present	La Paloma Generating	Asset Management and Restructuring	Cal-ISO	1,022 MW	Asset management and restructuring on behalf of an affiliate of Beal Bank.
2012 - Present	Dogwood Energy	Asset Management and Strategic Divestiture	SPP	650 MW	Converted this plant to a joint ownership structure and sold fractional interests to municipal and governmental load serving entities.
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.
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 - 2011	Calpine Power Income Fund	Acquisition	Canada & CALISO	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.
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.
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.