About

Sky Global Partners, LLC provides a track record regarding historical development, financing, construction, ownership, commissioning, operating, maintaining, and managing all physical and commercial elements of thermal dispatchable power generating plants, including plants currently in service in ERCOT.

This experience has been garnered over a period of 35 years and includes approximately 4000MW (all thermal dispatchable generation), with nearly 2000MW in ERCOT, with first ERCOT operation in 1999, and operating in ERCOT continuously ever since.

The experience base has also covered two distinct phases. The first of those is the careers of the founding owners of Sky, working in both the private and public power generating sectors.

Sky Global Partners, LLC was founded in 2007. This founding launched a successful run of private development and acquisition of power plants, resulting in 250MW nameplate ownership of qualified “Fast Start” generation that has, under Sky’s leadership, successfully adapted to the reliability requirements present for operators in the modern ERCOT wholesale power market.

Sky has served ERCOT’s needs during critical periods of power shortage and system volatility represented by Storm Uri and the extreme heat of summer 2023, among other events, at the very highest levels of availability and generating performance among ERCOT generators.

The specific performance has been achieved by three power plants, one that was directly developed, built, owned, and operated by Sky, the others acquired and renovated by Sky in partnership, with Sky providing asset management. To best describe the performance of these assets, we point to the evolution of the ERCOT wholesale power market since the operational start-up of the “Competitive Renewable Energy Zones” (“CREZ”) in 2013.

Since that time, the ERCOT wholesale market has been driven by the following fundamentals:

• Significant and accelerating load growth
• Aggressive deployment of non-dispatchable wind and solar power
• The aging and/or decommissioning of much of the existing dispatchable generation fleet
• Advancing federal environmental compliance requirements
• Shrinking surplus capacity for transmission of power

The result has been an advancing reduction in the percentage of dispatchable capacity to total peak load. The bottom line has been a growing propensity for shortage of power during extreme peak load events, and for system load/supply imbalances of various types.

Sky has built a highly competitive, profitable, reliable and flexible power generation base in response to these trends:

Sky Global Power One LLC

In June of 2014, Sky executed a 30-Year Power Purchase Agreement (“PPA”) with the San Bernard Electric Cooperative (“SBEC”) of Bellville, Texas. SBEC had historically been a full requirements wholesale power customer of the Lower Colorado River Authority (“LCRA”). In 2011, SBEC faced the decision whether to provide notice to LCRA that they intended to extend their power supply agreement when it was to expire several years hence. SBEC elected to leave the LCRA system and procure power on its own. The PPA was to become the basis for providing the “load following” requirement of their load.

Sky became the Managing Member, developed all permitting, regulatory, and commercial aspects of the project, competitively procured 6x 8.5MW Jenbacher Reciprocating Internal Combustion engine generator sets, competitively procured the required construction contracts, and completed all pre-construction requirements.

Groundbreaking took place in early 2015. Commissioning was completed for commercial operation in May 2016. The plant was completed under budget and on schedule.

Highlights of Operating History

• During the period from COD through 2017, Sky One established a highly reliable track record both operationally and financially.
• In February of 2021, Storm Uri hit Texas. Sky One operated at over 99% availability throughout the week of the storm.
• Critically, one of SBEC’s customers is the Kinder Morgan Houston Central gas processing facility adjacent to Sky 1. The power from Sky 1 allowed SBEC to continue power supply to the Kinder Morgan plant, which directly assisted in the continuous delivery of natural gas into the Houston area during Storm Uri. Any failure of operation of Sky One during this period would have had highly negative effects on SBEC, Kinder Morgan, Sky, and most importantly, the public.
• In 2021, SBEC elected to become a member of the South Texas Electric Cooperative (“STEC”) system. STEC took assignment of the PPA at that time. Sky One has continued to operate as a reliable supplier to STEC.
• The summer of 2023 produced record temperatures and electric load in Texas. Sky 1 operated throughout the summer at 99%+ availability, again providing material benefits to its customers and the public.

TRES Victora Power LLC

Sky also partnered to acquire nameplate 200mw of GE LM6000 aeroderivative dispatchable fast-start thermal power generation assets through a bankruptcy auction (Agilon II) closed in May 2022. Sky is the Operator under the agreements. These power plants are located on two sites near Victoria, Texas

This acquisition, while of installed units, required a major renovation to prepare for commercial operation. Sky led this renovation during the period from the close of the acquisition to May of 2023, when the units were placed in service for the summer run. Due to record heat, the launch of ECRS, and the success of the renovation, the plants operated with all units available and at very high availability levels throughout the summer.