April 30, 2008

Energy Investors Funds And Enpower Corp. Complete Acquisition Of Johnson County, KS High BTU Landfill Gas Facility

United States Power Fund III, L.P. together with Enpower Corp., completed its acquisition of the high-BTU landfill gas facility at the Johnson County, Kansas landfill (“KCLFG”).  KCLFG is a landfill gas (“LFG”) collection system which converts LFG into pipeline-quality natural gas, which is then sold on the open natural gas market.  more

February 2008

North American Portfolio Power Of The Year 2007
EIF Calypso: Flex and flexibility
Project Finance

EIF Calypso's buyout of an 80% interest in 14 plants in the Cogentrix Energy portfolio, through a hybrid corporate/project debt structure rather than a traditional B loan, allowed EIF to get a quick financial close as well as create a structure that gives it unprecendented financial flexibility.  view a pdf of the article

February 6, 2008

Energy Investors Funds And Enpower Corp. Complete Acquisition Of Landfill Energy Systems

United States Power Fund III, L.P. together with Enpower Corp., a California-based owner-operator of energy assets, completed their acquisition of Landfill Energy Systems and certain of its affiliates (“LES”) on January 31, 2008.  LES, a privately held company, owns and operates a portfolio of 18 landfill gas-to-energy projects located in nine states.  The LES portfolio includes developed projects generating over 96 MW of electricity, with another 9.6 MW under construction and over 29 MW in late-stage development.  The company is a leader in the development, construction and operation of renewable energy facilities at landfills.  more

January 30, 2008

Energy Investors Funds Closes Financing For Panoche Energy Center
Construction to begin immediately on 400MW power plant

United States Power Fund II, L.P. has raised construction financing for the Panoche Energy Center in Fresno, CA.  Panoche will be a 400 MW natural gas-fired power plant located approximately 50 miles west of the city of Fresno.  more

December 17, 2007

Energy Investors Funds Announces Commitment To T G Power LLC’S Development Of Hot Sulphur Springs Geothermal Power Plant

Energy Investors Funds announced that it has committed to fund T G Power LLC’s development of the Hot Sulphur Springs geothermal electric power plant near Elko, Nevada and will ultimately invest in the project itself.  The project, which is expected to be operational by the end of 2009, is anticipated to generate 32 MW of baseload, renewable electricity, though the site has total net production output rated at 48 MW net.  more

November 16, 2007

Energy Investors Funds Completes Acquisition Of Power Plant Portfolio From Cogentrix Energy, LLC

United States Power Fund III, L.P completed the acquisition of 80 percent of Cogentrix Energy, LLC’s interest in 14 power plants.  The purchase encompasses 2,331 net megawatts of generating capacity in a portfolio that consists of power plants located in 12 states that sell substantially all of their generation capacity under mid- to long-term power purchase agreements or tolling arrangements to local counterparties.  Cogentrix is a wholly owned subsidiary of The Goldman Sachs Group, Inc.  more

October 23, 2007

Energy Investors Funds And Enpower Corp. Agree To Acquire Landfill Energy Systems

The United States Power Fund III, L.P., together with Enpower Corp., has agreed to acquire Landfill Energy Systems and certain of its affiliates (“LES”).  LES, a privately held company, owns and operates a portfolio of 14 landfill gas-to-energy projects located in 7 states.  LES owns a total net installed capacity of 65.8 megawatts, has 6.4 megawatts under construction and more than 19 megawatts in late-stage development.  The company is a leader in the development, construction and operation of renewable energy facilities at landfills.   more

August 20, 2007

Energy Investors Funds Adds Investment Professional To Its Mill Valley, CA Office

Energy Investors Funds (“EIF”) is pleased to announce the addition of Scott Parkes as Senior Associate in the Mill Valley office.  Mr. Parkes will work with both the investment and marketing teams at EIF.   more

July 23, 2007

Chasing Power Assets
CNBC TV – Power Lunch,
an interview with John E. Buehler, Jr.

An overview of the nation's power demands, and where the best investment opportunities lie within the industry, with John Buehler, Energy Investors Funds’ Managing Partner and CNBC's Melissa Francis.  view video

©2007 CNBC/Dow Jones Business Video.  All Rights Reserved.

Firm News
Energy Investors Powers Up $1.35B Fund
Buyouts

Energy Investors Funds closes United States Power Fund III, L.P. at $1.35 billion, exceeding by 35% its original target of $1 billion.   view a pdf of the article

Energy Investors Funds, On The Heels Of Closing Its Largest Fund To Date, Adds Two Professionals To Its Asset Management And Investment Teams

Energy Investors Funds (“EIF”) announces the addition of two professionals to its growing team.  Warren MacGillivray has joined EIF as Senior Vice President in the Asset Management group of the Boston office and Jason Kahan has joined EIF as Associate in the New York office.   more

Energy Investors Funds Closes Seventh Fund With $1.35 Billion

Energy Investors Funds successfully closed the firm’s seventh institutional fund, the United States Power Fund III, L.P. with $1.35 billion in commitments, exceeding the $1 billion target established for the fund.  more

Energy Investors Funds Announces Neptune Transmission System Begins Delivering Power To Long Island

Energy Investors Funds, on behalf of United States Power Fund, L.P. and United States Power Fund II, L.P., and Starwood Energy Investors LLC, an affiliate of Starwood Energy Group Global LLC, announced today that after extensive testing, the Neptune Regional Transmission System (“Neptune RTS”), a 65-mile, 660 megawatt undersea/underground electric transmission link between Long Island and Sayreville, New Jersey, has begun delivering much-needed power to homes and businesses on Long Island.  more  

June 28, 2007

Channel 12 News Long Island

Watch LIPA CEO Richard Kessel turn the ceremonial switch to energize the Neptune Cable.  Footage provided by News 12 Long Island.   view video

©2007 News 12 Long Island.  All Rights Reserved.

Energy Investors Funds Sells Tierra Energy’s Wind Power Development Assets To Duke Energy

Energy Investors Funds today announced that its United States Power Fund II, L.P., has sold the wind development assets of Tierra Energy LLC, an Austin, Texas-based developer of natural gas-fired generation facilities and wind farms, to Duke Energy for an undisclosed amount.  more

Energy Investors Funds closes on $300 million recapitalization of its United States Power Fund

Energy Investors Funds closes on $300 million recapitalization of the United States Power Fund, L.P., providing the Limited Partners with large cash distribution as well as meaningful ongoing dividends.  more

Energy Investors Funds promotes Andrew E. Schroeder to Senior Partner and Keith Derman to Vice President

Energy Investors Funds (“EIF”) today announced the promotions of Andrew E. Schroeder to Senior Partner and Keith Derman to Vice President.  “Both Andrew and Keith have made significant contributions to EIF, our investors and the projects we’ve invested in during their time here,” said Terence Darby, a Managing Partner of EIF and head of the firm’s New York office.  more

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