#United States #Omaha #JERA Americas #Tenaska #Tyr Energy

JERA Americas Completes Share Transfer to Tenaska and Tyr

In a significant move to enhance its portfolio, JERA Americas, a major player in the U.S. power generation sector, has announced the successful transfer of its equity interests in three prominent gas-fueled power plants to Tenaska and Tyr Energy. Completed on September 15, 2025, this transaction is poised to optimize the operational capabilities and asset value of the involved companies across key power markets including PJM, SPP, and ERCOT.

Elijah Smith, Senior Vice President of JERA Americas, stated, "This transaction is a crucial step in JERA Americas' strategy to streamline our portfolio for future growth. Our commitment to reinvesting in assets that align with the evolving energy landscape remains steadfast." The combined generating capacity of the acquired facilities totals an impressive 3,005 megawatts (MW), serving critical electricity demands for numerous homes and businesses nationwide.

The plants involved in this transaction are:

• - Tenaska Virginia Generating Station – With a capacity of 940 MW, located near Scottsville, VA, this facility serves the PJM Interconnection.
• - Tenaska Kiamichi Generating Station (Kiowa) – A dual-grid facility with a generating capacity of 1,220 MW, situated near McAlester, OK, serving both SPP and ERCOT markets.
• - Tenaska Gateway Generating Station – Located near Mt. Enterprise, TX, this plant has a capacity of 845 MW and also serves both ERCOT and SPP.

According to Dave Kirkwood, Tenaska’s Senior Vice President overseeing capital deployment, the acquisition aligns perfectly with Tenaska’s strategy to invest strategically in high-quality generating assets. "We are excited about building on our existing relationship with Tyr Energy as we work to deliver reliable power across the PJM, SPP, and ERCOT markets. We appreciate JERA Americas for their collaboration and support over the years," Kirkwood added.

Kevin Calhoon, the Executive Vice President of Asset Management and Strategy at Tyr Energy, expressed enthusiasm for the new partnership, saying, "This acquisition is a testament to our dedication to investing in top-tier assets that meet the challenges of the future energy landscape. Collaborating with JERA Americas and Tenaska on this deal has been a rewarding experience throughout the process."

About the Companies Involved

JERA Americas

JERA Americas is a leader in sustainable power generation across the United States. It focuses on lower-carbon fuel projects, including LNG, clean hydrogen, and ammonia. As a subsidiary of JERA, headquartered in Tokyo, Japan, the company contributes to approximately 30% of Japan's electricity supply and is recognized as one of the largest energy suppliers globally.

Tenaska

Tenaska is a prominent energy company that encompasses various operations throughout the energy value chain. Its subsidiaries are among North America's largest natural gas and electric power marketers, boasting an operational fleet of 7,482 MW of generating facilities. The firm is also advancing a significant portfolio of energy storage projects and natural gas generation.

Tyr Energy

Tyr Energy, based in Overland Park, Kansas, develops and manages independent power projects in North America. Since its establishment in 2003, it has been involved in over 40 power projects, with a growing focus on renewable energy sources, including substantial investments in solar and wind power initiatives.

Collectively, these companies are set to play a pivotal role in shaping the energy landscape, focusing on sustainability, reliability, and innovative energy solutions for the future.