Power Generation

Bottlerock Power
The Geysers, CA
Initial Investment: 2005
Bottle Rock Power is the owner of a 55MW geothermal project located in northern California. The facility sells 100% of its power to Pacific Gas & Electric under a long-term power purchase agreement.
USRG sold 50% of its ownership interest to a entity managed by Riverstone Holdings in 2006.

Niagara Generation
Niagara Falls, NY
Initial Investment: 2007
Niagara Generation is a 52MW multi fuel power plant located in New York. In 2007, the Project was converted from a coal fired power plant to burn wood biomass and tire derived fuel. The facility sells power to Shell Energy North America, a subsidiary of Royal Dutch Shell. The Project has a long-term renewable energy credit agreement with the New York State Energy Research and Development Authority.

Newberry Geothermal
Bend, OR
Initial Investment: 2008
Newberry Geothermal is a geothermal exploration and development company working to develop a greenfield power project on the flanks of the Newberry Volcano in central Oregon. The company holds over 40,000 acres of geothermal leases surrounding the volcano caldera, which is one of the largest and youngest volcanoes in the US making it a highly attractive geothermal prospect.

Solar Reserve
Santa Monica, CA
Initial Investment: 2008
SolarReserve is a utility-scale solar energy project development company developing over 3,000MW of projects utilizing proprietary concentrated solar thermal with molten salt storage technology licensed from United Technologies Corporation (NYSE: UTC). This proven technology was demonstrated at the Solar One and Solar Two power plants in Southern California. UTC will stand behind its equipment and technology, providing the guarantees and warrantees necessary to develop these utility-scale solar power projects.





