Harbert affiliate acquires 65% stake in Tenaska Georgia from GIP

• Gulf Pacific Power, a Harbert Management Corporation affiliate, acquired a 65% indirect equity interest in Tenaska Georgia Partners today.
• The stake was purchased from Global Infrastructure Partners, part of BlackRock.
• Tenaska Georgia Partners owns a 945-megawatt, dual-fuel natural gas peaking facility in Franklin, Georgia.
• The plant operates under a long-term tolling agreement with a Constellation Energy subsidiary.
• Tenaska retains its ownership interest and has managed the plant since commercial operations began in 2001.

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