Energy Management, Inc.

Energy Management, Inc.
Energy Management, Inc.
Introduction
October 24, 2012
Background
—  Privately held energy company formed in 1975
—  Initially worked on small-scale energy efficiency and
pollution control projects
—  Developed turnkey combined heat and power facilities
for institutions like universities and hospitals
—  Developed, constructed and/or operated nine
independent power generation facilities representing
more than $1.7 billion in construction costs and over
1,000 MW in capacity
—  Within the last five years, financed nearly $1 billion for
the two largest biomass facilities in U.S.
Energy Management, Inc. Introduction
10/26/12
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Experienced Team
—  Jim Gordon (President/CEO) – founded EMI in 1975 and built it into one of the
most successful independent power companies in the U.S.
—  Len Fagan (VP of Engineering and Construction) – mechanical engineer with 35+
years of experience in the power generation field; joined EMI in 1982
—  Chris Smith (CFO) – led financing process for EMI’s two successful biomass
financings; previously led the Capital Markets team at one of the U.S.’s largest
wholesale commodities trading firms
—  Al Morales (Managing Director) – serves as CFO of EMI’s biomass business;
previously COO of a publicly-traded renewable energy developer
—  Josh Levine (VP of Project Development) – oversaw the successful development of
Gainesville biomass project including offtake contract negotiations and permitting
—  Supported by experts in regulatory affairs, environmental compliance, equipment
contracting, construction management, and operations and maintenance
Energy Management, Inc. Introduction
10/26/12
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Successful Partners
Item
Team Member
Environmental Permitting
Environmental Consulting & Technology
Local Permitting
Eng, Denman & Associates, Inc.
Environmental and Regulatory Counsel
Gardner, Bist, Wiener
Project Counsel
Cadwalader, Wickersham & Taft
Tax Counsel
Chadbourne & Parke LLP
Preliminary Design and Engineering
Zachry Corporation
EPC contract
Fagen, Inc.
Engineering contractor
Zachry Engineering Corporation
Boiler island
Metso Paper USA, Inc.
Steam turbine
Mitsubishi Power / Siemens Energy, Inc.
Material handling system
Wolf Material Handling Systems, Inc.
Independent Engineer
Black & Veatch Corporation
Independent Fuel Consultant
Antares Group, Inc.
O&M contractor
NAES Corporation
Fuel supply contractor
BioResource Management
Energy Management, Inc. Introduction
10/26/12
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Proven Track Record
—  Successful track record of developing, owning and
operating first-of-a-kind power projects
—  First offshore wind project in the U.S.
—  Largest utility-scale biomass projects in U.S.
—  First non-PURPA independent, combined cycle, air cooled
and inlet chilled power projects in New England
—  Experience developing and operating energy generating
facilities across a range of technology, including:
—  Biomass
—  Natural Gas
—  Wind
—  Solar
Energy Management, Inc. Introduction
10/26/12
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Biomass Facilities
—  Alexandria Power
—  15 MW facility in Alexandria, NH
—  Commenced operations in 1987
—  Nacogdoches Power
—  100 MW facility in Sacul, TX
—  Commenced operations in 2012
—  Gainesville Renewable Energy
Alexandria Power - NH
Center
—  100 MW facility in Gainesville, FL
—  On schedule for commercial
operations to begin in 2013
Energy Management, Inc. Introduction
10/26/12
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Nacogdoches Power
—  100 MW net biomass energy facility in
Sacul, TX
—  American Renewables began development
of NPL in 2006
—  Executed 20 yr. PPA with Austin Energy in
2008
—  Sold to Southern Power in 2009
—  Utilizing bubbling fluidized bed boiler and
steam turbine generator
—  Proven commercial technology
—  Commercial Operations began in 2012
—  Nominated for 2012 Biomass Project of
the Year by Power Engineering
Energy Management, Inc. Introduction
10/26/12
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Gainesville Renewable
Energy Center (GREC)
—  100 MW net biomass energy facility in Gainesville, FL
—  Sister facility to NPL with increased emissions controls
—  American Renewables began development of GREC in
2006
—  Executed 30 yr. PPA with Gainesville Regional Utilities
—  Began construction in March 2011
—  Closed construction financing on
~$500 million in June 2011
—  Involved eight banks led by BTMU
—  GREC won a 2011 Deal of the Year by
Project Finance Magazine
—  On schedule to be operational by
Fall 2013
Energy Management, Inc. Introduction
10/26/12
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Wood Fuel Expertise
—  Understanding and mitigating wood fuel
supply risk is critical
—  EMI has unsurpassed recent experience in
this area
—  Developed fuel sourcing strategies for two
100 MW facilities, and successfully
passed intensive due diligence
investigations from highly risk-averse
parties
Energy Management, Inc. Introduction
10/26/12
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GREC Construction Status
Energy Management, Inc. Introduction
10/26/12
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Natural Gas Facilities
—  Combined cycle
— 
— 
— 
— 
Tiverton, RI – 265 MW
Rumford, ME – 265 MW
Dighton, MA – 170 MW
Dartmouth, MA – 68 MW
—  Co-generation
Tiverton, RI
—  Pawtucket, RI – 62 MW
—  Pepperell, MA – 40 MW
Dartmouth, MA
Energy Management, Inc. Introduction
10/26/12
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Pioneer Valley Energy Center
—  371 MW combined cycle natural
gas-fired facility in Westfield, MA
—  Will utilize Mitsubishi 501 GAC
Combustion Turbine
—  Only fully permitted and
unappealable CCGT in New England
—  Executed interconnection
agreement with New England
transmission grid
—  Anticipated to be operational in
2016
Energy Management, Inc. Introduction
10/26/12
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Cape Wind
Boston
—  U.S. first offshore wind
project
MASSACHUSETTS
Plymouth
Cape Cod Bay
—  468 MW off-shore wind farm
Yarmouth
Hyannis
in Nantucket Sound
—  130 Siemen’s 3.6 MW
B
rds
zza
Bu
ay
Woods Hole
Vineyard
Haven
Nantucket Sound
Martha’s Vineyard
turbines
Nantucket
!
Project Site
—  Fully permitted
—  Executed 15 yr. power
purchase agreements for
77.5% of project capacity
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