annualreport.tenaska.comTenaska 2021 Annual Report

Natural Gas Marketing Power Marketing Energy Solutions Engineering & Operations Development & Acquisitions Finance Search 2021 ANNUAL REPORT Overview Message From Leadership 2021 By The Numbers Plants & Projects Tenaska At A Glance Offices & Contact Info Service And Success The past 35 years have witnessed Tenaska’s growth from a small start-up to one of the largest privately held companies in the United States, its stability and success unique among a once crowded field. The Tenaska story is one of faith, focus, commitment and flexibility — and relationships with customers, lenders, partners and communities that stand the test of time. Watch Video A Message From Our Chairman Howard L. Hawks Excellence, integrity, ethics and a strong customer focus was the bedrock upon which Tenaska was founded 35 years ago, and they remain cardinal principles today. They are fundamental to each challenge and guide our continued growth and success.” Read more Hear from Howard AMONG THE LARGEST PRIVATE U.S. COMPANIES ( Forbes ) A Message From Our CEO & Vice Chairman Jerry K. Crouse With 35 years’ experience as an industry leader, Tenaska brings both stability and innovation to bear in helping customers navigate through change to arrive at success.” Read more Hear from Jerry 2021 U.S. BEST MANAGED COMPANY ( Deloitte Private and The Wall Street Journal ) AMONG THE LARGEST PRIVATE U.S. COMPANIES ( Forbes ) 2021 U.S. BEST MANAGED COMPANY ( Deloitte Private and The Wall Street Journal ) 2021 By The Numbers Tenaska celebrates its 35 th anniversary as a reliable leader in the energy industry, continuing to put its energy expertise and financial stability to work building value for customers and communities, lenders and regulators, producers and consumers. $18.4 BILLION Gross Operating Revenues $2.9 BILLION Total Balance Sheet Equity $5.7 BILLION Total Assets 21,677 MW Generation Developed, Managed, And/Or Operated By Tenaska Since 1987 10.5 BCF/DAY Natural Gas Sold Or Managed 7,580 MW Managed Fleet Capacity 1,500 MW Energy Storage Under Management 16,400 MW Developed Plants & Projects Regional Markets CAISO PJM ERCOT ISO-NE CAISO-EIM MISO WECC SPP NPCC SERC NYISO Project List * Dual Grid ** International Projects Not Shown On Map Developed/Owned/Operated Natural Gas Plants Tenaska Frontier Generating Station* Tenaska Gateway Generating Station* Tenaska Georgia Generating Station Tenaska Kiamichi Generating Station* Tenaska Lindsay Hill Generating Station Tenaska Virginia Generating Station Tenaska Westmoreland Generating Station Owned/Operated Natural Gas Plants Berkshire Power Company Developed/Owned/Managed Solar Facilities Tenaska Imperial Solar Energy Center South Tenaska Imperial Solar Energy Center West Developed/Owned/Managed Wind Facilities Nobles 2 Wind Project Tenaska Clear Creek Energy Center Renewable Investments Bird Machine Solar Farms, LLC Coniglio Solar, LLC Elkhorn Ridge Wind, LLC Iron Horse Solar 1, LLC Lotus Solar Partnership, LLC Soltage – SFS 430 Hartford, LLC Other Developed Projects Bolivia Generating Stations** Cleburne Cogeneration Station Frederickson Generation Station Kings Point Lakefield Junction North Fork Ridge Tenaska Central Alabama Generating Station Tenaska Ferndale Cogeneration Station Tenaska Paris Cogeneration Station Uch Power Project** Wistaria Ranch Solar Energy Center Generating Facilities Acquired & Divested Armstrong Energy Limited Partnership Astoria Generating Station Big Sandy Peaker Plant Calumet Energy Team Commonwealth Chesapeake Company Crete Energy Venture Gowanus Generating Station High Desert Power Project Holland Energy Lincoln Generating Facility Narrows Generating Station New Covert Generating Company Pleasants Energy Rio Nogales Power Project Rolling Hills Generating Troy Energy University Park Energy Wolf Hills Energy Tenaska At A Glance Over 35 years, Tenaska has become a leading independent energy company in the United States, with an unmatched reputation for high standards, strong relationships, innovation and expertise in natural gas and electric power marketing, energy management, development and acquisition of energy assets, and operation of generating facilities. Natural Gas Marketing Power Marketing Energy Solutions Engineering & Operations Development & Acquisitions Finance Offices & Contact Information Corporate Omaha Headquarters 14302 FNB Parkway Omaha, Nebraska 68154-5212 USA 402-691-9500 Power@Tenaska.com Tenaska.com Dallas Office The Point At Las Colinas 300 E. John Carpenter Freeway Suite 1000 & 1100 Irving, Texas 75062-2389 USA 817-462-1521 Strategic Development & Acquisitions Omaha Office 14302 FNB Parkway Omaha, Nebraska 68154-5212 USA 402-691-9500 Tenaska Power Services Dallas Headquarters The Point At Las Colinas 300 E. John Carpenter Freeway Suite 1100 Irving, Texas 75062-2389 USA 817-462-1521 TenaskaPowerServices.com Philadelphia Office Courtyard Building 3900 Skippack Pike Suite D-3 Skippack, Pennsylvania 19474-1346 USA 215-857-5587 Tenaska Energy Solutions Dallas Office The Point At Las Colinas 300 E. John Carpenter Freeway Suite 1000 Irving, Texas 75062-2389 USA 817-462-1521 Tenaska Marketing Ventures Omaha Headquarters 14302 FNB Parkway Omaha, Nebraska 68154-5212 USA 402-691-9500 TMVdelivers.com Boston Office 617-580-8521 Dallas Office The Point At Las Colinas 300 E. John Carpenter Freeway Suite 1000 Irving, Texas 75062-2389 USA 817-303-1859 Denver Office Seventeenth Street Plaza 1225 17 th Street Suite 2460 Denver, Colorado 80202-5530 USA 303-723-9300 Houston Office Three Allen Center 333 Clay Street Suite 4450 Houston, Texas 77002-4000 USA 713-249-7038 Tenaska Marketing Canada Calgary Office Stock Exchange Tower 2500, 300-5 th Avenue Southwest Calgary, Alberta T2P 3C4 Canada 403-716-1387 Vancouver Office 320, 1122 Mainland Street Vancouver, British Columbia V6B 5LI Canada 604-685-7890 Tenaska Energy, Inc. and Tenaska Energy Holdings, LLC (collectively Tenaska) are privately held and operate as co-holding companies. This report provides information on companies and projects that are subsidiaries or partially owned by Tenaska, as well as separate companies and projects that are affiliated and managed but not owned by Tenaska. © 2024 Tenaska. All rights reserved. | Privacy Policy Tenaska.com Share Tenaska Beginnings: Tenacity Pays Off The genesis of the multi-billion-dollar company Tenaska has become today, resulted from an all-or-nothing deal: If we could successfully restructure a struggling co-generation project, the start-up company would receive a $1 million success fee. If not successful, there would be no compensation. The stakes were high, but so too was our confidence. Grounded in hard work, tenacity and a desire to be a 10” on a scale of 1-10, Tenaska” evolved from that first deal, and that same perseverance remains paramount and reflected in our people and our approach to business today. We believed that a business founded on deep expertise, ethical dealings and bold innovation would succeed. And so it has. 35 Years Strong This year, Tenaska celebrates its 35 th anniversary, 700 employees strong, serving our nation’s energy needs, with deep roots across the energy value chain. That first co-generation project was foundational to the unmatched depth and breadth of expertise we have gained and still bring to United States and Canadian energy markets through our involvement in natural gas and electric power marketing, ownership and management of electric generation facilities, renewable generation and distributed energy resources development, and investing in energy related ventures and new technologies. Tenaska’s 35 th year in business certainly reflects both change and growth. The continued rise of renewables has touched nearly every facet of our business, from the areas where we invest to the solutions that we provide our customers. It includes an emphasis on marketing of natural gas, which will remain a key fuel for the foreseeable future, a necessary bridge as coal plants...