Terra-Gen Power Announces Sale of Alta Wind to NRG Yield

           Terra-Gen Power Announces Sale of Alta Wind to NRG Yield

PR Newswire

NEW YORK, June 4, 2014

NEW YORK, June 4, 2014 /PRNewswire/ --Terra-Gen Power, LLC ("Terra-Gen"), an
affiliate of ArcLight Capital Partners and Global Infrastructure Partners,
announced today that it has signed a purchase and sale agreement with NRG
Yield for the sale of its 947 megawatt ("MW") Alta Wind I-V, X & XI, and
Realty projects ("Alta Wind").

Terra-Gen expects to close the transaction in the third quarter of 2014,
pending customary closing conditions, including the receipt of regulatory
approval by the Federal Energy Regulatory Commission (FERC) and the U.S.
Department of Justice and the Federal Trade Commission under the
Hart-Scott-Rodino Act. 

Terra-Gen will use proceeds from the sale to repay outstanding indebtedness
under the Terra-Gen Finance credit facility, to make distributions to its
owners, and for additional corporate purposes. Terra-Gen Operating Company
will continue to provide asset management and operations and maintenance
services to Alta Wind after the sale.

The sale of Alta Wind will divest Terra-Gen of its remaining phases of the
Alta Wind Energy Center ("AWEC"). Terra-Gen originally acquired the AWEC
development platform from Allco Finance in June 2008, and subsequently
developed and constructed eleven interconnected wind projects totaling 1,547
MW, all of which sell power under long-term, fixed price power purchase
agreements to Southern California Edison ("SCE").

"Terra-Gen is proud of its role in the development and construction of the
Alta Wind Energy Center, the largest wind farm in North America," said Jim
Pagano, CEO of Terra-Gen. "We are excited to transact with NRG Yield, an
industry leader in power and renewable generation."

Citigroup and Morgan Stanley advised on the sale. Latham & Watkins served as
Terra-Gen's lead transaction counsel.

ABOUT TERRA-GEN:
Terra-Gen owns and operates 1,919 MW of generating capacity across 31
renewable power facilities, and has over 1,000 MW in development. Terra-Gen
Power is one of the nation's leading renewable energy providers and the only
American company that provides electricity on a utility scale from three major
renewable energy sources: wind, solar and geothermal power. Terra-Gen is
headquartered in New York City with offices in San Diego, Reno, Denver, and
Charlotte.More information about Terra-Gen can be found at
http://www.terra-genpower.com.

ABOUT ARCLIGHT CAPITAL PARTNERS:
ArcLight is one of the leading private equity firms focused on North American
energy infrastructure assets. Since its establishment in 2001, ArcLight has
invested over $11 billion across multiple energy cycles in more than 85 power,
midstream and production assets. Headquartered in Boston, Massachusetts with
an additional office in Luxembourg, the firm's investment team brings
extensive energy expertise, industry relationships, and specialized value
creation capabilities to its portfolio. ArcLight and its co-investors own a
61% interest in Terra-Gen Power. More information about ArcLight can be found
at http://www.arclightcapital.com.

ABOUT GLOBAL INFRASTRUCTURE PARTNERS:
Global Infrastructure Partners ("GIP") is an independent infrastructure fund
that invests worldwide in infrastructure assets and businesses in both OECD
and select emerging market countries. GIP targets investments in single
assets, and portfolios of assets and companies in power and utilities, natural
resources infrastructure, air transport infrastructure, seaports, freight
railroad, water distribution and treatment, and waste management. GIP has
offices in New York, London, and Colorado Springs, with an affiliate in Sydney
and portfolio company operations headquarters in Stamford, Connecticut. For
more information, visit www.global-infra.com.

SOURCE ArcLight Capital Partners

Website: http://www.arclightcapital.com
Contact: Greg Wetstone, 646-829-3931, gwetstone@terra-genpower.com
 
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