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

Strategic Share Transfer in Energy Sector

On September 15, 2025, JERA Americas, Tenaska, and Tyr Energy announced the successful completion of a share transfer that significantly alters the landscape of power generation in the United States. The transaction involved the transfer of JERA Americas' equity interests in three gas-fueled power plants to Tenaska and Tyr, partnerships that aim to enhance their operational capacities across various power markets, including PJM, SPP, and ERCOT.

Expanding Operational Footprint

The transfer allows Tenaska and Tyr to own and operate facilities with a combined generating capacity of 3,005 megawatts (MW). These facilities include:

• - Tenaska Virginia Generating Station: Located near Scottsville, Virginia, this station has a capacity of 940 MW and operates within the PJM Interconnection. It plays a crucial role in providing reliable electricity to the region.

• - Tenaska Kiamichi Generating Station: Situated near McAlester, Oklahoma, this dual-grid facility has a capacity of 1,220 MW, serving both the Southwest Power Pool (SPP) and the Electric Reliability Council of Texas (ERCOT), further diversifying its output.

• - Tenaska Gateway Generating Station: Also a dual-grid facility, this station resides near Mt. Enterprise, Texas, with a capacity of 845 MW, catering to both ERCOT and SPP demands.

This share transfer is not merely a financial maneuver; it marks a strategic pivot for JERA Americas aimed at optimizing its portfolio for future growth. Elijah Smith, Senior Vice President of M&A at JERA Americas, emphasized the company's commitment to reinvesting in assets that adapt to the evolving energy landscape.

Commitment to Sustainability and Reliable Power

The transaction reflects Tenaska and Tyr's strategic focus on expanding their influence within the energy sector through investment in power generation assets positioned for sustainable and reliable output. `Dave Kirkwood`, Senior Vice President at Tenaska, remarked, "Expanding our ownership is consistent with our strategy to deploy capital effectively. We appreciate the established relations with Tyr and their continuous support."

Kevin Calhoon, Executive Vice President of Tyr, echoed these sentiments by emphasizing the importance of collaborating with both JERA Americas and Tenaska. He highlighted that this acquisition aligns with Tyr's goal of investing in high-quality energy resources that meet future demands.

About JERA Americas, Tenaska, and Tyr

JERA Americas is a leading power generation company in the United States, focusing on sustainable and affordable energy solutions. It is known for its innovations in lower-carbon fuel projects, including LNG and clean hydrogen, providing a significant portion of Japan's electricity through its parent company.

Tyr, headquartered in Overland Park, Kansas, has developed and invested in over 40 power projects since its inception in 2003. They are committed to enhancing renewable energy solutions that encompass solar and battery storage projects, aiming for a cumulative capacity exceeding 4 GW.

Tenaska operates a vast network of energy ventures throughout North America and is recognized as one of the leading companies in the natural gas and electric power marketing sectors, boasting an operational fleet of 7,482 MW of generating capacity.

Conclusion

This strategic partnership through the share transfer signals a promising trajectory for all three companies involved, strengthening their position in the competitive U.S. energy market. As they pave the way towards future growth, their collective investment in power generation infrastructure stands as a testament to the evolving nature of energy production and consumption in the United States.