Press Releases : 05/17/2007
FOR IMMEDIATE RELEASE
CONTACT:
Glen Canavera
North American Energy Services
P 425 961 4700
F 425 961 4646
glen.canavera@naes.com
http://www.naes.com
North American Energy Services Adds 3900 MW of Power Generation Contracts
Issaquah, WA, 05/17/2007 -- ISSAQUAH, WA - North American Energy Services Company (NAES), a broad-based provider of services to the power generation industry, announces that it has taken over the operations and maintenance of four large gas-fired combined cycle plants owned by Kelson Energy: Cottonwood Energy in Deweyville, Texas; Magnolia Energy in Ashland, Mississippi; Redbud Energy in Luther, Oklahoma; and Dogwood Energy in Pleasant Hill, Missouri. The plants serve markets in the Southwest Power Pool and the Tennessee Valley Authority and Entergy sub-regions of the Southeastern Reliability Council.
Neal Cody, CEO of Kelson Energy, stated, "We selected NAES to operate these plants based on a strong track record and reputation, a history of successful plant transitions, a solution customized to meet our needs, and the capacity to take on multiple plants at one time in a compressed timeframe. We've known NAES for some time and have confidence in their ability to perform. Kelson Energy is a company formed to focus on the ownership and management of assets and NAES supports the growth of our business by allowing us to maximize our efforts in our core strengths."
NAES is headquartered in Issaquah, Washington and has offices in Carneys Point, Houston, New York City, Pittsburgh, and Portland. NAES is the industry's largest independent, third-party provider of power plant operations and maintenance services with an experience base of more than 32,000 MW. That experience includes a very broad range of owners, countries, states, technologies, fuels, and operating modes. In addition, NAES offers operations and maintenance support services, annual and outage maintenance, substation construction, gas and steam turbine field maintenance and component repair via Leading Edge Turbine Technologies, as well as the placement of temporary personnel.
NAES is owned by ITOCHU International Inc., the U.S. affiliate of ITOCHU Corporation. With operations in over 80 countries covering a broad range of industries, ITOCHU is among the world's largest corporations.
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