NTE Energy Signs Long-Term Power Purchase Agreements with Four North Carolina Municipalities

NTE Energy (“NTE”) announces that it has entered into long-term Power
Purchase Agreements with the Towns of Black Creek, Lucama, Sharpsburg,
and Stantonsburg. Under the terms of the agreement, the municipalities
will purchase a portion of the capacity from NTE’s Kings Mountain Energy
Center.

“NTE is pleased to partner with four more North Carolina municipalities
that will benefit from our economical, reliable, and clean sources of
energy in the Carolinas,” said Seth Shortlidge, CEO and President of
NTE. Mayor Bill Edmundson of Stantonsburg said, "We are excited and
optimistic about the potential savings to our respective clients by
working with NTE.”

NTE broke ground on the Kings Mountain Energy Center on July 28, 2015,
with Gemma Power Systems, LLC building the facility under a fully
wrapped Engineering, Procurement and Construction Services contract. The
facility will be one of the most efficient and clean sources of capacity
and energy in the Carolinas employing Mitsubishi’s GAC turbine
technology in a combined-cycle configuration.

The Kings Mountain Energy Center will provide approximately 250-350 jobs
during construction, and 25-30 full-time positions during operation.
Once operational, the facility will supply the power needs of
approximately 400,000 homes.

About NTE Energy

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. Capital Dynamics and Wattage Finance, LLC,
which is owned by a group of private investors and managed by an
affiliate of Guggenheim Partners, LLC, works with NTE Energy and its
affiliates to finalize the development and prepare the three projects
for construction financing. For more information on the Kings Mountain
Energy center, please visit www.kmenergycenter.com
or www.nteenergy.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151113005438/en/

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