Quantum Energy Partners said it would create a new power generation company to acquire and develop conventional and alternative energy power plants in the U.S., the Associated Press reported. The new company, Quantum Utility Generation, would have $1 billion in financing, half from Quantum Energy Partners and half raised from financial and strategic partners.
Larry Kellerman, former president of a power-plant generation subsidiary of Goldman Sachs Group, has been tapped to lead the new company. Kellerman was quoted as saying: "We look forward to working with the investor-owned and public power utilities, generation asset owners and regulatory agencies in being a value-added owner, operator and developer of generation assets."
Associated Press via Houston (Texas) Business Journal,
Dow Jones Newswires, Sept. 21.
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