Sudbey Named New USPowerGen CEO

US Power Generating Company (USPowerGen) has announced the appointment of Mark R. Sudbey as chief executive officer.

The Newtown resident joined USPowerGen in December 2005 and has been its president and chief operating officer responsible for day-to-day operations. Prior to that appointment he was with Reliant Energy, where he served as president-New York, Southeast and Midwest Regions, and has more than 15 years of experience in the power and energy industry.

Mr Sudbey replaces Jacob J. Worenklein, the founder of USPowerGen, who has resigned to pursue other opportunities.

Mr Worenklein founded a USPowerGen predecessor company in 2003 to acquire US merchant power projects and other unregulated power assets. The company now owns and operates eight power generation facilities with a total capacity of more than 5,000 megawatts, servicing the high demand New York-ISO and ISO-New England deregulated markets.

“I am excited to have the opportunity to lead USPowerGen as it continues to grow and establish itself as a leading operator of power generation facilities,” said Mark Sudbey. “I want to thank Jay Worenklein for his contributions in establishing this company and building a solid foundation for its future. We will continue to work to enhance our assets, improve our operations and solidify our financial position with the goal of providing value for our customers, employees and shareholders.”

USPowerGen, through its subsidiaries Astoria Generating Company Holdings, LLC and EBG Holdings LLC, owns and operates eight power generation facilities. These subsidiaries sell their energy and capacity into the NYISO and ISO-New England deregulated markets, representing generation sufficient to serve approximately 20 percent of the overall load in New York City as well as approximately 50 percent of the overall load in the Boston metropolitan area.