Olympus Power, LLC, a subsidiary of Olympus Holdings, LLC, a holding company based in Morristown, NJ, was established in January 2007 and is the successor to Delta Power Company, LLC. Founded in 1997, the principals of Olympus Power built Delta Power into a leading US independent power producer which owned interests in 37 operating power plants across the U.S, with over $3.5 billion of assets and the responsibility for operating projects with a gross capacity of over 4500 MW of electricity generation. Delta Power included in its project portfolio, natural gas, biomass, oil and coal fired power projects as well as hydroelectric facilities. Its mix of generation facilities included cogeneration projects, peaking facilities and base loaded utility style plants.

Olympus Power endeavors to strategically optimize the value of its assets by providing Asset Management and Operations & Maintenance services.  In aligning Asset Management services with Operations & Maintenance services, Olympus gains greater insight and control over the financial, technical and managerial levers necessary to enhance the performance of its projects. Olympus’ upstream equity partners, its lenders, and other significant stakeholders clearly benefit from Olympus’ close scrutiny and “hands on” management of its projects. The depth of experience and quality of Olympus Power’s Asset Management and Operations & Maintenance teams ensures that Olympus will adhere to its core principles of maximizing technical performance and financial return without forsaking safety or reliability.

Asset Management Services

Each Olympus project company will typically contract with Olympus Power for the provision of asset management services. Those services include:

• • Ensuring that the facility is in compliance with all contractual obligations
• • Legal advocacy
• • Disbursement and distribution of funds as permitted under financing documents
• • Administration of insurance programs
• • Invoicing and Treasury Services
• • Scheduling and marketing of plant output
• • Administration of transmission agreements
• • Risk management and hedging analysis
• • Accounting, record keeping and reporting
• • Review of operating budgets
• • Tax structuring and preparation of tax returns
• • Government relations, public policy advocacy
• • Regulatory Compliance

Operations & Maintenance Services

Olympus Power possesses a full complement of operations and maintenance skills. An Olympus project company will generally contract with an affiliate of Olympus for the provision of O&M services. Those services include:

• • Operations consistent with the performance criteria set forth in the energy supply agreements and the manufacturer's specifications.
• • Periodically updating operating procedures and manuals
• • Staffing with trained and qualified operating personnel
• • Supply of all goods and materials and spare parts
• • Repairs
• • Contractor supervision
• • Predictive and preventive maintenance
• • Routine maintenance including lubrication, calibrations, adjustments etc.
• • Inspections
• • Building maintenance
• • Updating plant engineering drawings
• • Implementation of a spare parts program
• • Pension, health care, benefits and payroll administration
• • Compliance with applicable laws, environmental plans and licensing requirements
• • Monitoring of federal and local regulatory changes which may affect the project and its energy markets
• • Reporting
• • Environmental health and safety programs
• • Day-to-day administration of project documents
• • Review of permits, studies, contract amendments, and changes in plant design

Olympus Power and its affiliates make equity investments in (a) the acquisition, development, ownership and operation of power generation projects (including operating, greenfield and brownfield projects), typically through investments in partnerships or limited liability companies; (b) private companies that develop, design, provide or facilitate proven technology-based products and services that are applicable to the energy industry or its customers; and (c) energy-related companies or assets having renewable or environmentally-beneficial attributes.

Our primary strategy focuses upon the acquisition of operating assets and projects in varied stages of development, through negotiated transactions and select auction processes. We primarily invest in existing energy-generation assets with a target investment size between $5 million to $100 million per transaction. Olympus’ principal geographic focus is North America. Olympus Power may invest a substantial part, if not all, of the required equity in smaller transactions and will seek to partner with its longstanding network of industry firms and financial institutions in larger transactions.

When assessing a new investment opportunity for Olympus, the primary selection criteria includes:

• • profitability and cash-generation capability of the asset or company throughout an industry/economic cycle;
• • identifiable risks which can be hedged or mitigated;
• • relationship-referred and/or privately negotiated transactions which allow for the avoidance of auctions that often inflate prices and reduce returns on equity;
• • barriers to entry allowing protection of such capability (e.g., market share, intellectual property position and industry fundamentals);
• • organic growth and expansion prospects of the asset or company;

Olympus Power continuously seeks opportunities to utilize electric generation equipment which efficiently maximizes the use of natural resources consumed in the process of producing electricity. As our domestic energy policy continues to evolve toward the use of cleaner and renewable fuels, Olympus is responding to the demands of the energy consumer by seeking opportunistic investments with an emphasis upon natural gas and selective investments in renewable portfolios including coal reclamation to energy, wind, solar, biomass and hydroelectric facilities. Olympus Power embraces opportunities to be good stewards of the earth. We seek to develop, acquire and operate plants that are in the vanguard of America’s sustainable energy future. To this point, we emphasize renewable generation such as coal refuse reclamation to energy, biomass, wind, solar and hydroelectric plants while continuing to pursue other technologies that may not be classified as renewable but have high cycle efficiencies and reduce the adverse effect of carbon or other emissions (e.g. gas-fired cogeneration and district steam technologies).