Catamount Energy Corp. Announces the Sale of Its Glenns Ferry Cogeneration and Rupert Cogeneration Facilities to Texas American Power.RUTLAND, Vt. -- Catamount catamount: see puma. Energy Corp. (Catamount) announced today that it has closed on the sale of its interests in two 10-megawatt natural gas-fired facilities - the Rupert Cogeneration and Glenns Ferry Cogeneration Projects located in Idaho - to Texas American Power (TAP). "We are pleased to complete this cornerstone transaction for Texas American Power," TAP President David Marks said. "This acquisition fits with our business strategy of owning and operating projects like these in parallel with our wind development activities. "These projects are very attractive investments in this current energy market, and our investors will see stable, contracted returns for many years to come," Marks said. Catamount has been selling some of its non-wind projects while focusing on new investments in wind projects. "This sale is another milestone along that path," Catamount CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. James Moore James Moore and Jim Moore are the names of more than one person including the following:
Catamount, the non-regulated subsidiary of Central Vermont Public Service (NYSE NYSE See: New York Stock Exchange : CV), has been in the business of providing clean, cost-competitive electricity in the U.S. and Europe for over 15 years. Catamount is a developer, owner, and operator of wind energy projects. More information on Catamount is available on the Internet at www.catenergy.com. Texas American Power is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. founded in January 2002 to acquire power generation assets and develop new wind energy projects. TAP is building a portfolio of natural gas-fired generation assets and renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. projects with contract-based revenues. The corporate offices of Texas American Power are located in Austin, Texas. More information on Texas American Power is available on the Internet at www.texasap.com. This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect", or similar expressions. These statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in wind and other projects, acceptance of the Companies products and services in the marketplace, competitive factors, dependence upon third-party vendors, and other risks. By making these forward-looking statements, the Companies undertake no obligation to update these statements for revision or changes after the date of this release. |
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