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BUSINESS NEWS MACQUARIE-LED CONSORTIUM ENTERS AGREEMENT TO CONSTRUCT LORDSTOWN ENERGY CENTER Macquarie Infrastructure Partners III , along with Siemens Financial Services, announced they have entered an agreement to construct Lordstown Energy Center, a 940 megawatt combined cycle gas turbine electric power generation facility. The LEC site is situated approximately 50 miles southeast of Cleveland, Ohio, in the village of Lordstown. The developer of the project, Clean Energy Future, will retain an interest in the project. Siemens will act as the engineering procurement construction contractor and provide the gas turbines, a steam turbine, and generators. “Lordstown Energy Center is a very high quality energy infrastructure project with which we are proud to be associated,” said Chris Leslie, CEO of MIP III. “LEC is expected to utilize the latest in high efficiency gas turbine power generation technology – technology that is both cost effective and more environmentally friendly than the aging coal-fired capacity that it will replace.” MIP III will provide 73 percent of the equity investment and Siemens Financial Services will provide the remaining 27 percent. A

LEC is a “shovel ready” project, having received all required approvals and permits. Construction will begin immediately. “Siemens is proud that we were able to support this project by leveraging our financial services capabilities alongside our power generation solutions,” said Kirk Edelman, CEO of Energy Finance, Siemens Financial Services. “Siemens funded the development loan as well as an equity investment in Lordstown, underscoring our commitment to the long-term success of this project.” Power produced by LEC will be delivered into the PJM market, which serves more than 60 million customers. LEC will be capable of producing enough power to supply the equivalent of approximately 800,000 homes with clean, reliable power. The plant will replace a portion of the more than 18 gigawatts of coal-fired generating capacity in the region that has been retired since 2012. Approximately 450 individuals will be employed in union positions during the nearly two-year long development and construction phase. Ongoing operations will be sustained by a permanent staff of 20. The facility is expected to commence commercial operations in the summer of 2018.

consortium of banks will provide the $445 million term debt to fund the construction. “As the technology partner for LEC, we are pleased to provide Lordstown Energy Center with a turnkey solution of world-class power equipment, including gas and steam turbines manufactured by Siemens workers at our U.S.-based energy hub in North Carolina. This equipment will be serviced with pride by Siemens for many years to come,” said John Gibson, senior vice president, head of sales North America at Siemens Power and Gas Division. The turnkey solution for Lordstown will include two SGT6-8000H gas turbines, one SST-5000 steam turbine, two SGen-1200A generators as part of the gas turbine packages, one SGen-2000H generator as part of the steam turbine package, and a Siemens SPPA-T3000 integrated plant control system. “We are very pleased to have such a distinguished and experienced team of international power industry leaders, as Macquarie and Siemens, taking over the leadership role within LEC. Their strong track records of success will be most beneficial in meeting the project’s goals,” said William Siderewicz, president, Clean Energy Future.

ED FRIEDRICHS, from page 9

“But friendship is freely entered into, freely given, freely exer- cised. Friends never cheat on one another, or take advantage, or lie. Friends do not spy on one another, yet they have no secrets. Friends glory in each other’s successes and are down- cast by their failures. Friends minister to each other. Friends give to each other, worry about each other, stand always ready to help. At its height, friendship is an ecstasy. For Lewis and Clark, it was an ecstasy and the critical factor in their success.” Follow these rules of engagement and you’ll be richly rewarded. You’ll enjoy your work more, you’ll take greater pride in what you’ve accomplished with your clients, you’ll receive more repeat and referral business with people you’ve genuinely come to like, and your brand will be richly embellished. EDWARD FRIEDRICHS, FAIA, FIIDA, is a consultant with Zweig Group and the former CEO and president of Gensler. Contact him at efriedrichs@zweiggroup.com.

of their expedition to America’s West. Ambrose wrote exten- sively about the nature of friendship, which was so evident in the relationship between Lewis and Clark. It was the element which gave them the strength to endure the hardships they faced as they crossed the continent as the first explorers ever to do so. Working for a client can often seem as daunting. “Ambrose wrote extensively about the nature of friendship, which was so evident in the relationship between Lewis and Clark. It was the element which gave them the strength to endure the hardships they faced.” The description made me appreciate the deep and lasting friendships which have been so much a part of my life, and to realize how important friendship has been in achieving the things we were able to accomplish together. I hope you find this passage from the book worthwhile and wish for you true friendships with the people with whom you share your work. “Friendship is different from all other human relationships. Unlike acquaintanceship, friendship is based on love. Unlike lovers and married couples, friendship is free of jealousy. Un- like children and parents, friendship knows neither criticism nor resentment nor rebellion. Friendship has no status in law. Business partnerships are based on a contract, as is marriage. Parents are bound by the law as are children.

FOR YOUR BOOKSHELF: UNDAUNTED COURAGE In 1803 President Thomas Jefferson selected his personal secretary, Captain Meriwether Lewis, to lead a pioneering voyage across the Great Plains and into the Rockies. It was completely uncharted territory; a wild, vast land ruled by Native Americans. Charismatic

and brave, Lewis was the perfect choice and he experienced the North American continent before any other explorer. Drama, danger, and diplomacy combine with personal tragedy to make Undaunted Courage an outstanding work of scholarship and a thrilling adventure.

THE ZWEIG LETTER May 30, 2016, ISSUE 1154

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