News & Events

 Competitive Power Ventures, Inc. Welcomed as a New Member

November 13, 2006

"CPV has been a player in the North American energy market since 1999, and represents the best of the competitive power sector - a commitment to the development of new generation and to diversified and efficient production."

WASHINGTON, D.C. - John E. Shelk, President and CEO of the Electric Power Supply Association (EPSA), today announced the addition of Competitive Power Ventures, Inc. (CPV), to EPSA's membership ranks.

"EPSA is excited to welcome CPV as a new board-level member," Shelk said. "CPV has been a player in the North American energy market since 1999, and represents the best of the competitive power sector - a commitment to the development of new generation and to diversified and efficient production."

Based in Silver Spring, Md., CPV provides power generation development and asset management to clients throughout North America. Established in 1999, Competitive Power Ventures' development professionals have played critical roles in the successful development of more than 30 power plants, representing over 15,000 megawatts of currently operational power generation capacity. Warburg Pincus has recently agreed to provide CPV up to $200 million of equity financing for development of up to 6,000 MW of fossil fuel power generation projects in the United States and Canada. CPV recently executed a contract to develop and build a 640 MW combined cycle plant in California. In addition to its fossil-fired generation development program, the company has over 3,500 MW of wind power projects in development via its ownership of CPV Wind Ventures, LLC. CPV also manages over 5,500 MW of operational natural-gas fired, combined cycle plants throughout the United States on behalf of third party owners. CPV's asset management business provides a full array of complementary and coordinated energy management services to these merchant generation owners.

"EPSA has continually been an effective voice for the independent power industry and has lead the way in ensuring the development of truly competitive markets," Doug Egan Chairman and CEO of Competitive Power Ventures said. "CPV's partnership with EPSA will expand our efforts to help foster competitive markets through focused regulatory and legislative policy efforts."

-EPSA-

EPSA is the national trade association representing competitive power suppliers, including generators and marketers. These suppliers, who account for nearly 40 percent of the installed generating capacity in the United States, provide reliable and competitively priced electricity from environmentally responsible facilities serving global power markets. EPSA seeks to bring the benefits of competition to all power customers.