NTE Energy Signs Long-Term Power Purchase Agreement with the Town of McCormick, SC

NTE Energy (“NTE”) announced that it has entered into a long-term Power
Purchase Agreement with the Town of McCormick, South Carolina. Under the
terms of the agreement, NTE will supply all McCormick’s electric needs
for a period of twenty years starting in 2019. NTE will supply McCormick
from a portfolio of electric generation resources including the
Reidsville Energy Center, NTE’s latest North Carolina power plant. Work
on the Reidsville Energy Center commenced in late 2017, and the plant
should reach Commercial Operation in 2021.

“NTE is pleased to have McCormick join our other customer communities,
and we look forward to providing the town with one of the lowest cost,
reliable, and environmentally friendly sources of energy in the
Carolinas,” stated Seth Shortlidge, CEO and President of NTE Energy.

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,
construction and asset management. For more information
about NTE Energy, visit www.nteenergy.com.

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