LS Power Announces Creation of Dedicated Renewable Business Unit

    SAN JOSE, Calif., July 16 /EMWNews/ -- LS Power Group ("LS Power"),

a privately owned power industry developer, investor and manager, announced

today the creation of a dedicated business unit which will pursue the

development, acquisition, and ownership of renewable energy projects. Mike

Segal, Chairman and Chief Executive Officer of LS Power stated, "We have

received significant feedback from our load-serving customers and they are

interested in renewable electricity solutions. While most renewable

resources still require state or federal incentives to be competitive with

traditional forms of generation, as the technologies evolve, they are

becoming increasingly cost effective. These customer and technological

dynamics, when coupled with the political determination to increase

renewable resource utilization, is an attractive backdrop for creating a

scalable renewable business."



    The renewable business has been staffed to pursue the development of

wind, solar photovoltaic and solar thermal renewable resources. As part of

this initiative, LS Power is: securing and permitting suitable generation

sites; developing renewable energy related transmission projects; pursuing

acquisitions; developing and commercializing new renewable technology

solutions; and investing in renewable technology and equipment companies.



    LS Power has assembled a team of professionals with a proven track

record to lead its renewable business unit. John King will head LS Power's

renewable energy initiative. Functional responsibilities have been aligned

under the following experienced power sector professionals:




    * Scott Healy -- wind power;

    * Howard Taylor -- solar thermal;

    * Joe Gorberg -- solar photovoltaic; and

    * Eric Crawford -- renewable project development.



    Biographies:



    John King, Executive Vice President. Mr. King joined LS Power in 2005

and has thirteen years experience in the independent power business. Since

joining LS Power, Mr. King has had responsibility for LS Power's Western

business activities. Prior to joining LS Power, Mr. King was a Senior Vice

President of Calpine Corporation. From 1995 to 2005, he held various

positions with Calpine, including roles as head of International Business,

and in charge of business development in the Western U.S.



    Scott Healy, Senior Vice President. Mr. Healy has over 17 years

experience in power generation development and finance, including the

successful development or financing of over 4,500 MW of gas fired

generation projects and over 2,000 MW of wind generation projects. Prior to

LS Power, Mr. Healy held senior management roles at Kenetech, Calpine,

Enron, PPM Energy, Orion Energy and Orion Energy Group.



    Howard Taylor, Vice President. Mr. Taylor has more than 20 years in the

power generation and utility infrastructure development businesses,

responsible for the development, financing or construction of more 6,000 MW

of fossil fuel projects, significant water and wastewater projects, and

water and fuel transportation projects, both within the U.S. and

internationally. Prior to joining LS Power, Mr. Taylor held management

roles at General Electric, Calpine Corporation, and Nalco, leading various

development efforts.



    Joseph Gorberg, Vice President. Mr. Gorberg joined LS Power in 2006 and

is responsible for renewable and fossil generation origination and energy

management/trading in the Western U.S., and most recently, managing LS

Power's solar PV business activity. Mr. Gorberg has over 22 years

experience in the energy and petroleum industry. Prior to LS Power, Mr.

Gorberg managed Calpine Corporation's western term risk management and

trading and national retail portfolios.



    Eric Crawford, Vice President. Mr. Crawford joined LS Power in 1997.

Mr. Crawford has extensive experience in leading development activities for

large-scale electric generation projects, including power plant siting,

conceptual design, permitting, regulatory approvals, public relations,

government relations, contract negotiations and project management.

    About LS Power



    LS Power is a fully integrated development, investment and asset

management group with a proven track record of successful development

activities, operations management and commercial execution. For information

on the LS Power Group, please go to http://www.lspower.com .