Montgomery Power Partners

News

7 February 2008 - Denali Energy Inc. (“Denali”) of Baxter, Minnesota and Montgomery Energy Partners LP (“Montgomery”) of Houston, Texas have entered into a joint venture to develop Hartland Wind Farm, LLC (“Hartland”).
The first phase of Hartland Wind Farm is expected to produce 500 megawatts, using 333 turbines. A second 500 megawatt phase is in development. At 1000 megawatts, this project has the potential to be one of the largest wind farm developments in the United States.
Curt Johnson, principal with Hartland, said, “Denali Energy is pleased to be part of this landmark project that will more than double the wind capacity in the state of North Dakota.”

The Hartland Wind Farm will span portions of Burke, Mountrail and Ward counties, about 25 miles northwest of Minot, ND. The project sits in an ideal location along an ancient geological glacial ridge, atop a plateau that has long been known for its exceptional wind resource.

Those involved with Hartland have personal ties to the area and look forward to working with the surrounding communities. “Hartland Wind Farm project is a shining example of how we can promote economic development, reduce our dependence on foreign oil, and provide a healthier environment,” said Craig Fink, principal with Hartland. “We appreciate the enthusiasm for clean, renewable, locally produced wind energy. Well-planned wind farms can generate lots of clean power, local tax revenue, and still be a good neighbor.”

Glen Johnson, a local resident and principal of Hartland Wind Farm, LLC is excited about what the project will bring to the region. “The social and economic benefits from this project are significant. The positive effects from an environmentally friendly project of this size will be enjoyed for many years to come,” said Johnson.

In addition to the Hartland project, Denali and Montgomery are in varying stages of development on other wind and natural gas projects throughout the Upper Midwest.

Montgomery Energy Partners LP is a Houston, Texas- based energy company with 2795 megawatts in development and operation. Denali Energy Inc. is a Baxter, Minnesota- based company specializing in renewable energy development.

Montgomery Power Officers

Frank Giacalone

chairman

As a principal owner and Chairman of Montgomery Power, Frank Giacalone guides the company's focus on the development of new power and energy assets as it seeks to acquire specific assets from the portfolio shifting that has driven the power industry in recent years.

With a focus on electric energy in both retail and wholesale markets, Giacalone's experience includes commercial and technical assignments. His extensive background in the natural gas and electric power industries consists of executive management of geographically dispersed organizations, businesses and asset development, acquisitions and divestitures of power assets and companies, financial structuring, investment management and enterprise restructuring.

Prior to forming Montgomery Power and its affiliate, Navasota Energy Partners LP, Giacalone served as Vice President of Development and Asset Management for NRG Energy Inc. where he led expansion efforts in south and southwest wholesale power markets. Giacalone had similar success as SVP and Chief Development Officer of CHI Energy, Inc. where, as executive team member, he saw the company move from bankruptcy to profitability and successful sale to Italian utility ENEL. Giacalone has similar executive experience with companies such as JWP, Tenneco, and General Electric.

Dan Hudson

president

Dan Hudson is a principal owner and President of Montgomery Power. He is responsible for M&A, capital formation/ management from private equity, third party debt and equity-raising. During 20 years of industry experience, Hudson has focused on wholesale electric and gas markets. His background includes asset acquisition and divestiture strategies, implementation and financing at Navigant Consulting, Duke Energy North America and NRG Energy. Hudson has successfully completed electric generation and gas transmission asset acquisitions totaling in excess of $10 billion including asset valuation, due diligence, purchase and sale agreement negotiations, and transition closing activities. His experience also includes financing more than $7 billion for power and gas assets via bond offerings, traditional project financing, fixed income trusts, construction loan revolvers and large corporate credit facilities. Currently, Hudson serves as Chairman and Board Member for KGen Power Corporation in Houston, Texas.

Prior to forming Montgomery Power and its affiliate, Navasota Energy Partners LP, Hudson served as Managing Director at Navigant, as well as Managing Director of Acquisitions and Divestitures for Duke where he led the company’s acquisition and divestiture program. Hudson’s industry achievements also include his role as VP of NRG Energy where, as executive team member, he was responsible for the company’s Energy Markets group which included acquisitions, electric trading, origination, acquisition implementation and integration, and financing support.

Rich Wagner

executive vice president

Rich Wagner is Executive Vice President and a principal owner of Montgomery Power. He is also President of National Energy Resource Corporation ("NERC") which focuses on the development of new and re-powered power facilities. Wagner is responsible for energy sales, fuel procurement, commercial debt and capital formation/management from private equity. NERC has worked the development of over 20 Biomass fired projects. In addition to NERC, he acts as managing member for a $65 MM Biomass fired project in which GE Capital is the other member of the LLC.

Wagner has 18 years experience in the independent energy field. His experience includes commercial and technical development, asset acquisitions of coal fired power plants, hydro electric power plants and biomass fired power plants. Wagner has vast experience in negotiating power purchase agreements, arranging the sale of renewable energy certificates and the use of Section 29 and 45 Federal Tax credits. His background includes joint venturing with municipalities on energy ventures, working with the US Corps of Engineers in the development of Greenfield projects and refinancing developed assets.

Prior to forming NERC, Mr. Wagner served as Vice President of hydro-electric development for Catalyst Energy and as CEO of Obermeyer Hydraulic Turbine, a subsidiary of Catalyst Energy. In that capacity he worked on the 192MW Sidney A. Murray Jr. power plant, Hannibal Locks & Dam Hydro in New Martinsville WV, as well as several smaller installations. In his capacity as CEO for Obermeyer, Wagner guided the company through restructuring to eventually become a leader in the manufacturing of small bulb style turbines. Before joining Catalyst Energy, Wagner was Vice President of Project Development for Besi-Corp primarily overseeing the installation of over 100,000 sq/ft of Solar Collectors in California.

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