Cycle Electric Generating Facility in California

Sale of substantially all of the assets of La Paloma Generating Company, LLC, including of their natural gas-fired, combined cycle electric generating facility located in McKittrick, California (the "Facility") and substantially all of their other operating assets. La Paloma Generating Company, LLC ("La Paloma"), one of the company, owns the Facility, which has a nameplate generating capacity of 1,022 megawatts. The Facility is located approximately 110 miles northwest of Los Angeles and 40 miles west of Bakersfield, at a point on the electric transmission grid where it can provide energy for use in both northern and southern California.