Recap of Catalyst Energy's Activities
Asset Selection
Used Catalyst Energy’s investment process, valued the thermal asset, and profiled renewable development opportunities to select Southern Star.
Engineering Due Diligence
Conducted a site visit, performed full due diligence of the data room, and reviewed technical/operational aspects of the plant with Burns and McDonnell.
Permitting
Critical Issues Analysis, wetland avoidance and flood plain analysis, permitting matrix developed by local counsel, federal nexus overlay, schedule & budget in progress.
Power Marketing
Thompson & Knight, a law firm that has deep ERCOT experience, has completed all legal due diligence.
Asset Acquisition
Major terms and purchase price have been agreed to between Catalyst and Rockland.
Site Control
Submitted an offer for up to 900 private acres within a mile of the existing thermal asset; other acreage is also available; developing landowner relationships; lease/purchase option is in development.
Legal Diligence
Thompson & Knight, a law firm that has deep ERCOT experience, has completed all legal due diligence.