Asset 5-8

Managing District Energy Projects For More Than 10 Years

  • Financial analysis and refinancing of the five district energy systems owned by NRG Energy (NYSE:NRG). NRG’s systems included in this financing are in Minneapolis, Pittsburgh, San Francisco, San Diego, and Harrisburg.
  • Led the restructuring, merger, and $50 million recapitalization of Detroit Thermal in a complex three‑way merger and recapitalization among Detroit Thermal, a nearby waste‑to‑energy plant and a portfolio company of Atlas Holdings.
  • Acquisition and reconfiguration of Sempra district heating and cooling assets in Los Angeles and Las Vegas.
  • Acquisition and expansion of Atlantic Station district cooling plant in Atlanta, GA. Led negotiations with the anchor customers for two large district energy systems including the University of Pennsylvania and the Detroit Medical Center.
  • Provided interim management services, customer negotiations, and advisory services for Akron Thermal.
  • University of Maryland College Park - Financed, constructed, and operated a 26 MW cogeneration system, campus-wide electric distribution system, and new 8,000‑ton central chilled water plant. Revenue bond financing ($130 million) was provided by Maryland Economic Development Corporation.
  • Washington Convention Center Authority - Developed, financed, constructed, and operated the central plant for the 3 million square-foot convention center. The plant included 10,000 tons of cooling. Financing was provided through Convention Center Authority revenue bonds.
  • Thomas Jefferson University - Developed and constructed a 7,000‑ton chilled water system to serve TJU’s campus with Trigen’s central steam plant under the terms of a 30-year chilled water supply agreement.
  • Inner Harbor East Development - Greenfield development, construction, and operation of hot water, 15,000‑ton chilled water, and cogeneration plant to serve a multi-use development in Baltimore, Maryland.
  • Kansas City - Developed and installed a 15,000‑ton chilled water system serving downtown Kansas City Mo. The system included the lease of city-owned chillers during the development of the system.
  • Tulsa - Expanded a chilled water system acquired from the local gas utility from 5,000 tons to over 20,000 tons.
  • Oklahoma City - Expanded a chilled water system acquired from the local gas utility from 9,000 tons to 18,000 tons.