Quantum Utility Generation LLC
UtilitiesTexas, United States2-10 Employees
********************************************************** Quantum Energy Partners Forms Power Company With Industry Leading Management Team ********************************************************** HOUSTON, September 21, 2010 -- Quantum Energy Partners, a leading energy private equity firm is pleased to announce the formation of Quantum Utility Generation, LLC (“QUG”), a power generation company that will be headquartered in Houston, Texas. The QUG leadership team will include industry veterans Larry Kellerman as Chief Executive Officer, Sean O’Donnell as Executive Vice President and Chief Financial Officer and Tim Sullivan as Executive Vice President and Chief Commercial Officer. QUG will focus on the acquisition, operation and development of conventional and alternative energy projects in North America. The company will be capitalized with $1 billion of equity, $500 million of which has been committed by Quantum. An additional $500 million of equity will be provided by other co-investing financial and strategic partners. ************************************************************** To review the full press release, please visit: http://www.quantumep.com/content.cfm?parentID=1742¤tID=1895&itemID=65&typeID=2
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