Market Overview

Kings Mountain Energy Center Begins Operations

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NTE Energy's 475MW natural gas-fired plant provides clean power to
400,000 homes

Cleveland County officially became home to one of the cleanest and most
efficient power plants in the nation today, as NTE Energy's Kings
Mountain Energy Center (KMEC) formally began operations.

Officials from NTE Energy joined with city, county, and state leaders
Tuesday to cut the ribbon on the $500 million facility. The 475 MW
natural gas-fired plant is providing clean energy to more than 400,000
homes through long-term agreements with nine municipalities in the
Carolinas.

"We are extremely proud of this milestone, and offer our thanks and
congratulations to everyone who had a hand in bringing this
state-of-the-art facility to completion," NTE Energy CEO Seth Shortlidge
said. "We have enjoyed building long-lasting relationships with the City
of Kings Mountain and our customers as we work to bring significant
power cost savings and economic development opportunities to the
Carolinas."

At the height of construction, Shortlidge noted, KMEC created more than
500 construction jobs. The facility now employs 25 skilled positions to
handle daily operations.

NTE Energy's first clean power plant began operations earlier this year
in Middletown, Ohio, where local officials have praised the company for
delivering on its pledge to be a partner in providing the community with
cleaner, more affordable energy. NTE's second Carolinas power plant –
the Reidsville Energy Center – is currently under construction in
Rockingham County, North Carolina, with plans in development for a third
energy center in Anderson, South Carolina and a solar energy center in
Eastern North Carolina.

About NTE Energy

Based in St. Augustine, Florida, NTE Energy, through its affiliates,
develops and acquires strategically located electric generation and
transmission facilities within North America. The team executes all
aspects of project development, from initial market and site evaluations
and permitting to financing, construction and operation. For more
information about NTE Energy, visit www.nteenergy.com

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