Experience

Our Experience Our principals have over 75 years cumulative experience in all facets of energy and infrastructure development on hundreds of projects, with a particular expertise in renewable energy projects. Our specialty is in clean energy technologies (wind, geothermal, hydro-electric, and ethanol) but our principals also have extensive experience with gas cogeneration and biomass projects. Our principals were some of the key architects of the early development and acquisition efforts of CalEnergy Co. (now Mid-American Energy Holdings Co.) in the 1990’s, as it grew from a single project geothermal IPP with $90 million in revenue into a major public company IPP and then a diversified utility holding company with over $6 billion in revenue. Our principals were actively involved in the following major green-field project developments and operating project acquisitions for CalEnergy Co. This is only a partial list and representative sample of our prior project experience: i) Coso Geothermal Project, CA: 180 MW ii) Salton Sea Geothermal Project, CA: 236 MW iii) Dieng & Patuha Geothermal Projects, Indonesia: 240 MW iv) Upper Mahiao, Mahanagdong & Malitbog Geothermal Projects, Philippines: 531 MW v) Casecnan Hydro & Irrigation Project, Philippines: 180 MW vi) Acquisition of Falcon Seaboard Gas-fired Cogeneration Portfolio: 522 MW vii) Cordova Gas Project, IL: 500 MW viii) Acquisitions of Northern Electric plc's and MidAmerican Company's Utility & IPP Energy Project Portfolio, IA & UK. Our principals have also been involved in several hundred MW of wind power, ethanol, and biomass and water development projects with other parties.


TriLateral’s Principals played leading roles in the following project finance and energy M&A transactions, which is only a partial list and representative sample of prior experience: Sep’t 1999: Cordova Funding Corp. $255m investment grade debt financing for constrcuction of a 500 MW gas fired facility in Illinois. March 1999: CalEnergy’s acquisition of MidAmerican Energy Holdings Corp., a regulated Iowa utility and its gas and IPP assets. March 1999: Sale of 50% ownership interest in 14 of CalEnergy’s U.S. generating facilities (QF’s) to an affiliate of El Paso Energy Corp. for $259.6m. Feb. 1999: Sale of 50% interest in Coso Geothermal QF projects in CA to Caithness Energy LLC for $277m. Oct 1998: Salton Sea Funding Corp. $285m investment grade debt financing for geothermal project expansion. Jan. 1998: CalEnergy”s acquisition of minority equity interests in various international IPP and utility holdings from Kiewit Diversified Group. June 1997: Closed CE Indonesia Funding Corp. $400m investment grade debt financing for wellfield development and construction of the Dieng, Patuha and Bali geothermal power plants in Indonesia. Dec 1996: CalEnergy’s acquisition of Northern Electric plc, a regional electric company in the U.K. for $1.3 b. Nov. 1995: Casecnan Funding Corp. $371m construction financing for Philippines hydro and irrigation project. Dec 1994: Mailtbog project $210m construction financing with syndicate of international banks and export credit agencies for Philippines geothermal project. Oct 1994: $500m financing for acquisition of Magma Power Co. (geothermal IPP). Aug. 1994: Upper Mahiao project $162m construction financing for Philippines geothermal project. Feb. 1993: Structured and closed first-ever 144A project financing deal ($560m) using funding corp (multiple project cross-collateralized structure) to achieve investment grade bond rating

Our Experience