Briefing on Painesville

Painesville is strategically pivoting its energy generation from aging fossil fuel plants to new renewable energy projects, particularly solar and storage, supported by significant investment and corporate partnerships.

Overview

• Total Plants: Operates 10 plants.

• Total Capacity: Has a total capacity of 129 MW.

• Geographic Scope: All operations are located in 1 state: Ohio.

• Market Position: Ranks as the #3 DFO in Ohio.

Fleet Details

• Fuel Mix: Primarily uses Oil & Petroleum for 9 plants (74 MW) and Coal for 1 plant (56 MW).

• Largest Plants: Key facilities include Painesville (56 MW), St Marys (25 MW), and Montpelier (11 MW).

• Fleet Age: The average age of the fleet is 32 years, with the newest plant commissioned in 2001.

Strategic Commitments and Context

• Renewable Energy Commitments: A 49-MW solar project PPA was signed to power Google's Ohio data center operations.

• Coal Plant Transition: There are plans to replace a century-old coal plant in Northeast Ohio with solar and storage.

• Green Energy Funding: Northeast Ohio has secured a large green energy grant from the EPA.

Painesville is actively transitioning its energy portfolio, moving away from older coal assets towards new solar and storage projects, supported by significant green energy grants and corporate PPAs, indicating a strategic shift towards modern, sustainable energy solutions.