Cogentrix

Cogentrix name has become synonymous with quality in the independent power generation market. Today, Cogentrix remains a leading independent power producer that benefits from a long track record of developing, constructing, and operating power generating assets. The Cogentrix management team has effectively managed market risks over an extended and challenging timeframe by staying focused on the generation sector and adhering to its own steady process discipline. As a result, Cogentrix today continues to deploy its core strengths in the areas of development, acquisitions, engineering, construction, operation and management of power assets toward expanding our generation portfolio.

Cogentrix is a leading independent power producer with a long track record of successfully acquiring, developing, constructing, operating, improving and divesting power generation assets. Consistent with its engineering origins and culture, Cogentrix maintains a disciplined and well-designed approach to asset improvement. The firm’s ability to enhance value has resulted in achieving superior operating performance from its power generation assets while maintaining a minimal and well-managed risk profile. Based in Charlotte, North Carolina, Cogentrix is owned by funds managed by The Carlyle Group, one of the world’s largest alternative asset management firms, and serves as Carlyle’s in-house power asset management platform.The Cogentrix Team has extensive engineering and operational experience across a broad range of generation technologies, including: (a) gas- and oil-fired combined cycle, (b) gas-fired simple cycle, (c) coal-fired technologies, including scrubbed pulverized and stoker coal units and circulating fluidized bed and waste coal units, (d) solar technologies, including solar thermal and concentrating photovoltaic (“CPV”) and (e) run-of-river hydroelectric generation. The firm’s broad base of capabilities allows it to assist Carlyle in the assessment and pursuit of a wide array of market opportunities. Together, Carlyle and Cogentrix are focused on the acquisition and management of generating resources that exhibit opportunity to materially enhance value through environmental improvements, operational enhancement and asset management.Since its founding in 1983, Cogentrix and its predecessors have been directly involved in the development, ownership, operations and management of coal-fired, natural gas-fired and solar power assets delivering a combined generating capacity in excess of 10 GW. Through the ownership and operation of these plants, Cogentrix has participated in most of the major power regions in the U.S. Cogentrix currently manages plants in the Carlyle portfolio, which has a total net generation of approximately 5,800 MW.

Cogentrix employs a centralized approach to the management and operation of power facilities. Under this model, support functions such as operations management, engineering, human resources, legal, environmental, procurement, finance, accounting and information technology are provided to power plants through a shared resource structure. Through this collaboration, asset management and operations personnel provide support for the daily operations of the various power plants. This support includes technical oversight, maintenance and project planning and coordination, equipment and plant optimization, fuel procurement, market expertise, compliance assistance and reporting. The result is the implementation of consistent practices in a collaborative environment, a crucial element in Cogentrix achieving industry-leading performance.Cogentrix has consistently focused on sustaining the value of our facilities and providing outstanding service to our customers. To achieve these goals, Cogentrix adopted a proactive maintenance strategy aimed at minimizing plant down-time, mitigating risks and controlling expenses that has been implemented by Cogentrix Field Services (“CFS”). CFS is a team of highly skilled, industry certified technicians whose expertise is shared by all Cogentrix operating facilities to conduct emergency or planned maintenance outages. CFS provides unequaled outage and maintenance support to all facilities managed and operated by Cogentrix. Central deployment of CFS and the ability to rapidly mobilize with little prior notice allows individual plants to avoid costs typically associated with outside contractors that would otherwise be utilized during outage periods, along with the volatility of third-party pricing, operational risks and the inherent scheduling uncertainties associated with reliance on third-party contractors.