Power4Georgians Could Break Ground Early in 2013

World Power Generation Projects

     First Entry Date: 1/1/2008
     Revision Date: 4/1/2012

                 Location: GA   Washington county
                 Startup Date: 2018
                 Size: 850  MW
                 Primary Fuel: Coal   PRB or 50/50 Illinois Basin/PRB
                 Secondary Fuel:  
                 Duct Burner:      
                 Duct Burner Supplier:  
                 Oxidation Catalyst:      
                 Oxidation Catalyst Supplier:  
                 NOx Limit: 0.050 lb/MMBtu           
                 CO Limit: 0.10 lb/MMBtu
                 VOC Limit: 0.0024 lb/MMBtu           
                 PM limit: 0.018 lb/MMBtu
                 SO2 Limit: 0.069 lb/MMBtu            
                 NH3 limit:  

          Description:
           A consortium of 10 coops--Jackson EMC, Cobb EMC, GreyStone Power, Snapping Shoals EMC, Diverse Power, Upson EMC, Central Georgia EMC, Pataula EMC, Excelsior EMC and Washington EMC. Expected to include low NOx burners/OFA, SCR (anhydrous ammonia), wet limestone scrubber (97.5%), sorbent injection for H2SO4 mist, activated carbon for Hg and fabric filters. 12/08 $2.1 billion 2/09 State Environmental Protection Division still debating and holding hearings. 5/09 Four EMCs pull out. 6/09 Group of six electric coops remaining continue to plan for construction. 8/09 Received draft permits from Georgia 4/10 state EPA issued final permits after Power4Georgians reduced emissions. 7/10 Judge rules against water permit. 9/10 Coalition of environmental groups asked judge to overturn permit. 12/10 Administrative law judge rejected air permit. 1/11 3/11 Received final water permits. 6/11 Settlement about discharge into Oconee River. 12/11 Received air permit. New lawsuit filed. 2/12 Lost one investor--Cobb Electric Membership Corp. 4/12 Taylor Energy Fund LLC is new financial partner.

Project Summary

Project Investor

In July 2012, P4G formed a strategic partnership with the Taylor Energy Fund (“TEF”) to provide additional funding to complete the remaining pre-development phases (i.e. Engineering, PPA, Fuel, Transportation) of the Project and to help identify a long term owner and operator for the Project.  P4G has executed 7 NDAs in the past 60 days and is in advanced discussions with several of these new strategic partners.  These potential partners include well known utility affiliates, domestic and international IPPs, and a number of energy focused private equity firms all with the resources available to develop, finance, construct and operate a project of this scope and the ability to meet the April 2013 deadline for an exemption under the proposed greenhouse gas ("GHG") rule.

Our interactions to date have indicated a strong interest in a fully-permitted, supercritical facility with long-term offtake.  The value thesis for advanced coal fired generation that utilizes proven technology is well founded because it provides for strong risk adjusted returns and portfolio diversification.

Taylor Energy Fund is managed by Tim Taylor, who has substantial energy industry and business experience, is the former President and CEO of Public Service Company of Colorado (PSCo), an Xcel Energy company. In 2010, PSCo completed construction of its $1.3 billion Comanche Plant (Unit 3), a 750 MW coal-fired power plant in Pueblo, Colo.

Project Team

P4G assembled a number of key firms to help develop this project. Each of these firms is well respected in their area of expertise and experience.

 McIlvaine Company Networking Directory

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          Company Name: AMEC Earth & Environmental, Inc.

                    address: 1979 Lakeside Parkway

                    city: Tucker

                    state: GA

                    zipcode: 30084

                    country: USA

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AMEC 

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          Company Name: Black & Veatch Corporation

                    address: 11401 Lamar Avenue

                    city: Overland Park

                    state: KS

                    zipcode: 66211

                    country: USA

                    telephone: 913-458-2000

                    fax: 913-458-2934

                    email:  

                    url: http://www.bv.com

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