Boilers

1,100 MW Michigan natural gas plant sold

13 October 2008 – Michigan’s New Covert Generating Company, LLC is agreeing to sell its 1,100-MW, natural gas-fueled combined-cycle generating plant to an independent power producer.

Mach Gen, LLC will acquire New Covert Generating Company, LLC, the owner of the Covert Generating Plant located near South Haven, Mich.

The Covert facility is a natural gas-fueled plant that sells power into the
Midwest Independent System Operator market. The plant went into operation in 2004.

The acquisition is subject to approval by various federal, state and
permitting agencies, and is expected to close by the end of this year. Financial terms were not disclosed.