So much more than keeping the lights on

 
 

At Middle River Power, we are committed to safe, reliable, and efficient power plant operations and development. With our deep industry experience and "action first" approach, we deliver operational and commercial results.

 

POWER FOCUSED

Middle River Power is a private equity sponsored asset management platform focused on US power generation assets. Our team consists of power industry veterans with deep experience in the acquisition, development, operations, management, financing, and economic optimization of energy assets.

Our rigorous asset management approach analyzes regulatory changes, localized generation congestion, utility resource plans, fuel fundamentals, and transmission constraints. Assets under management or in development include over 3,000 MW of natural gas, coal, geothermal, and solar power generation facilities in California, Maryland, Virginia, and West Virginia.

 

operational expertise

We pride ourselves in having an operations-centric Management Team that takes an active, hands-on approach. Our Executive Team has spent decades working at, developing, and managing generation facilities across the world. We partner closely with plant personnel and bring strong relationships with experienced industry contractors and consultants to ensure safe, reliable, and efficient operations.

 
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Strong Capital Base

Middle River Power has a sustainable and flexible capital base. Our investors look for opportunities in firms undergoing transition, whether through change-of-control, restructuring, or refinancing and have the flexibility to invest across the capital structure through equity, preferred stock, bonds, mezzanine, or senior debt.

Our sponsors have built a successful track record in energy investments over the past two decades. The energy fund strategy targets long-term capital appreciation through the development, acquisition, and active management of power-generation assets.

 
 

We pride ourselves in rolling up our sleeves and working together to get things done.

 

The Middle River Power Team has more than 120 years of combined experience in energy management. We have developed strong relationships with experienced industry contractors and consultants, including  NAES, Tenaska Power Services, EDF Trading North America, Sequent, Siemens, and PW Power Systems.

To learn more about the team, click here.


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Mark Kubow
President

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Graham Baldwin
VP - Commercial Transactions

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Jeremy Meattey
Director - FP&A

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James Suehr
Chief Financial Officer

Jeff Malone
Asset Management - West

Dan Harmon
Sr. Director - Development

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Claude Couvillion
SVP Ops & Development

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Brant Yung
Director - Asset Management

Jon Boyer
Director - EH&S

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Dennis Corn
Senior Advisor

Ed Karas
VP - Finance & Accounting

Kathleen Pokryfke
Director- Accounting

 

MRP currently manages approximately 3,000 MW of power generation assets in operation or development.

 

Assets in Operation

High Desert

High Desert is an 830 MW natural gas-fired combined cycle plant in San Bernardino County, CA. High Desert commenced commercial operations in April 2003 and employs Siemens Westinghouse 501F combustion turbine generators and a Toshiba steam turbine generator.

big Sandy

Big Sandy is a natural gas-fired simple cycle plant located in Kenova, West Virginia. The plant commenced commercial operation in June 2001 and has a nominal capacity of 300 MW and nominal base load heat rate of 10,525 BTU / kWh.

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Wolf Hills

Wolf Hills is a natural gas-fired simple cycle plant located in Bristol, Virginia. The plant commenced commercial operation in May 2001 and has a nominal capacity of 250 MW and nominal base load heat rate of 10,650 BTU / kWh.

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Tracy

Tracy is a 330MW natural gas-fired combined cycle facility located in Tracy, California, approximately 40 miles east of the Bay Area. Originally built in 2003, the project was converted from simple cycle operation to its current 2x1 combined cycle configuration, with two GE 7EA turbines and an Alstom steam turbine, in 2012. The Tracy’s capacity and energy output is fully contracted to PG&E through late 2022.

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hANFORD

Hanford is a 97MW natural gas-fired simple cycle peaking facility located in Hanford, California. The facility was brought online in 2001 and utilizes two GE LM6000 turbines. Hanford’s capacity and energy output is fully contracted to PG&E through 2022.

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hENRIETTa

Henrietta is a 96MW natural gas-fired simple cycle peaking facility located in Lemoore, California. The facility was brought online in 2002 and utilizes two GE LM6000 turbines. Henrietta’s capacity and energy output is fully contracted to PG&E through 2022.

1.PNG

calpeak

The CalPeak portfolio includes six natural gas-fired simple cycle peaking facilities located throughout California. The plants utilize GE and Pratt & Whitney aero-derivative turbine technology for a total combined nameplate capacity of 418MW and an average age of 15 years.


Past

CP Crane

CP Crane was a 400 MW coal facility located outside of Baltimore, Maryland. Located within the SWMAAC region of PJM, the plant consisted of two coal units totaling 385 MW and a 14 MW oil-fired CT peaking unit.


Developments

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CP Crane

Originally a coal facility and retired as of June 2018, CP Crane will be a 160 MW dual fuel peaking facility. The dual fuel (natural gas / ULSD) capability enables reliable energy and capacity to be delivered to the constrained BGE LDA. The project will also participate in the PJM ancillary services markets.

Preliminary layout; subject to change.

Preliminary layout; subject to change.

High Desert Solar

High Desert Solar is a 108 MWac project to be permitted and built in one phase on approximately 670 acres of desert land located in San Bernardino County, California. High Desert Solar will procure from CAISO interconnection capacity from our nearby High Desert Power Project combined cycle plant, which can offer low cost, long-term operations and maintenance service to High Desert Solar. The project site offers strong solar resource potential, as well as advantageous geological and environmental / biological conditions. 


Managed Assets

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COSO GEOTHERMAL

Coso Geothermal (“Coso”) is located in central California, on the military-owned Naval Air Weapons Station at China Lake.  Coso has been producing geothermal power continuously since 1987.  The plant consists of four geothermal power stations that have a total of nine - 30 MW turbine-generator sets for an overall rated capacity of 270 MW with over a 98% availability factor.  Coso has a Power Purchase Agreement with Southern California Edison which will allow Navy I, Navy II, and BLM to receive a firm energy price through January 2030.