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MIDLAND, Mich., Nov 29, 2006 /PRNewswire/ --
The Management Committee of Midland Cogeneration
Venture (MCV) announced today that Mr. Joseph
L. Roberts, Jr. is leaving as the Partnership's
President and Chief Executive Officer. Mr. Rodney
E. Boulanger will join MCV as its new President
and Chief Executive Officer effective December
1, 2006. Mr. Roberts will stay with the Partnership
through year-end to assist Mr. Boulanger in
his transition.
Dwight Scott, Managing Director of GSO Capital,
said, "The MCV Management Committee joins
me in thanking Joe for his commitment and leadership
at MCV. His valuable contributions have helped
guide the Partnership through a successful sale
process."
Mr. Scott added further, "The Management
Committee of MCV is excited to reunite Mr. Boulanger
with the Partnership that he led successfully
in its infancy. Mr. Boulanger created the organization
that currently operates the MCV and is well-positioned
to manage the MCV in the current environment."
David Yeager, Managing Director of Rockland
Capital Energy Investments, stated, "We
are confident that his leadership ability and
wealth of experience will help maintain the
MCV as a competitive and reliable energy supplier
to the Michigan marketplace."
Mr. Boulanger was President and CEO of CMS Energy's
independent power unit, CMS Generation, from
1995, until his retirement in 2002. Before that,
he was President and CEO of the MCV Partnership
from 1988 through 1994, leading the MCV from
construction through the successful start-up
of the MCV facility. Prior to joining MCV, he
was the President and Chief Executive Officer
of ANG Coal Gasification Company. Mr. Boulanger
earned a master's degree in accounting from
the University of Detroit and Bachelor of Science
degree in accounting from Ferris State University.
MCV leases and operates a gas-fired, combined-cycle
cogeneration facility in Midland, Michigan.
The plant is capable of producing approximately
1,500 megawatts of electricity and up to 1.35
million pounds per hour of process steam for
industrial use. MCV's partners include MCV Investors,
Inc., ultimate parent of the partnership interests
held by GSO Capital Partners and Rockland Capital
Energy Investments, and The Dow Chemical Company.
SOURCE: Midland Cogeneration Venture
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