Case Study – 35 MW Coal-Fired Power Plant – Elizabethtown, NC

• A New York private equity fund acquired a portfolio of coal plants from the Enron bankruptcy.
• Several of the sites were but back in use however Elizabethtown was not.
• Forsite acquired the plant and provided the seller with a comprehensive environmental risk transfer solution.
• This included a NC Brownfield agreement and an environmental insurance policy covering known and unknown conditions including off-site generator liability.
• Forsite was able to identify a biomass developer and subsequently sold the facility.