Elected Officials to Join Panda Power Funds for Commissioning of 758 MW Sherman, Texas Power Plant

The Sherman Energy Center is one of the newest, most advanced natural gas-fueled generating stations in the U.S. fleet

--(BUSINESS WIRE)--(Alert is for planning purposes only — not for republication to the general public)

WHAT: Dedication ceremony in Sherman, Texas. The generating station:

• Can power up to 758,000 homes

• Will contribute approximately $1.7 billion to the North Texas economy during the now-completed construction and the plant’s first ten years of operation
• The Panda Sherman plant is the one of the most modern gas-fueled power stations in the nation, utilizing state-of-the-art generation and emissions-control technology.
• Is one of the nation’s first “quick-start” combined-cycle power plants with combustion turbines that can achieve full load within 30 minutes with the entire plant achieving full power production within 60 minutes
• Supports the development of additional renewable generation by closing the generating gap caused when renewable energy suddenly drops offline
• Provides higher power output during high temperature conditions, making the plant ideal for Texas’ normally hot summers

WHO: Speakers include:

• John Ratcliffe, congressman-elect, United States House of Representatives, 4^th Congressional District of Texas

• Scott Osborne, principal vice president and operations manager, Bechtel Power

• Carolyn S. Wacker, mayor, City of Sherman, Texas

• Gregory Snyder, vice president, region executive, Central U.S., Siemens Energy

• Bill Magers, judge-elect, Grayson County, Texas

• Todd W. Carter, president and senior partner, Panda Power Funds
  Speakers will be available for interviews immediately following the ceremony

WHEN:	Thursday, Nov. 20, 2014
	8:30 a.m. CT	Media tour (and photo opportunity) of the Sherman Power Plant
	10:30 a.m. CT	Dedication Ceremony
WHERE:	510 Progress Drive
	Sherman, Texas 75092
	(Look for signs pointing you toward the site entrance)
RSVP:	[e-mail]
	(RSVP as a member of the media)

ADDITIONAL INFORMATION:

• The meeting venue will be heated and event activities sheltered from the weather
• Luncheon will immediately follow the dedication ceremony
• Reporters and crew are invited to attend the luncheon or have their lunch boxed to go
• Broadcast media will have access to a mult box to patch into the audio system
• Journalists will receive press kits on both paper and on a USB drive containing high-definition photos of the 758 MW power plant

About Panda Power Funds, LP

Founded in 2010, Panda Power Funds is a private equity firm headquartered in Dallas, Texas, that has the ability to develop, acquire, construct, finance and operate utility-scale, natural gas- fueled power generation facilities. Panda has two 758 megawatt combined-cycle power plants in operation in Sherman and Temple, Texas and three combined-cycle power plants currently under construction in Texas and Pennsylvania with a total capacity of more than 2,400 megawatts. Panda Power Funds also has two power projects in advanced development: a 778 megawatt combined-cycle power plant in Northern Virginia and an 859 megawatt power facility in Southern Maryland. The fund built a 20 megawatt solar farm in Southwest New Jersey that is one of the largest solar facilities in the Northeast United States. Additional information on Panda Power Funds can be found at www.pandafunds.com.