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  September 5, 2001
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Home > Company Index > Utilities > Independent Power Producers & Marketers > KENETECH Corporation

KENETECH Corporation
 PROFILE
Independent power producer KENETECH is developing a 1,000-MW independent power plant in New York City, and it is funding the development of a 50-MW, wind-powered generating plant in the UK. The company also is working with OSB Chateaugay to develop a facility in New York that is expected to make up to 475 million square feet of strand board a year. Formerly a holding company for a wind-power equipment firm, KENETECH faced financial difficulties in the 1990s and sold off assets, including its 50%-interest in Puerto Rico-based cogeneration facility, EcoElectrica. KENETECH was taken private in 2001 by ValueAct Capital Partners.

 COMPETITION
Duke Energy Corporation (DUK)
Nexfor Inc. (NF)
UtiliCorp United Inc. (UCU)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 5.40
1-Yr. Sales Growth: 10.4%
Employees: 4
Revenue per employee: $1,350,000.00

 KEY PEOPLE
• Mark D. Lerdal
    CEO
• Andrew M. Langtry
    CFO

 CONTACT INFO
726 14th St., Ste. G
Medesto, CA 95354
US
Phone: 209-491-7600
Fax: 209-576-1100

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