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Delta Power/ArcLight acquire interest in New Jersey Power Plant
New Jersey Plant Purchase expands Delta’s presence in Key Northeast Market

MORRISTOWN, NJ (September 25, 2002) – Epsilon Power Partners, LLC, a company formed by Delta Power Company, LLC and ArcLight Energy Partners Fund I, L.P., announced today that it has acquired a 40% interest in Chambers Co generation Limited Partnership from GE Structured Finance’s Global Energy unit. The terms of the transaction were not disclosed.

The Chambers Partnership owns a coal fired electric power project located at the DuPont Chamber Works chemical complex in Carneys Point, NJ. The facility includes a 262 megawatt coal fired electric and steam cogeneration facility and fuel, power sales and other contracts. The Chambers facility, a state of the art coal fired electric cogeneration plant built in 1994, provides enough energy to power more than 250,000 homes.

Closely held Delta Power Company, LLC is a leading mid-sized owner, developer and manager of electric power generation facilities in the U.S., and is headquartered in Morristown, New Jersey with five offices nationwide. The purchase of the Chambers Partnership interest represents Delta Power’s ownership of its second electric power facility in New Jersey and fourteenth project in the U.S., and represents another step in Delta Power’s long range plan to grow its diversified portfolio of high quality electrical generating assets. Dean Vanech, Delta Power’s president states “this transaction represents another example of our ability to close transactions quickly, with a high level of certainty, and at a fair price that results in a good deal for sellers as well as ourselves.”

ArcLight Energy Partners Fund I, L.P. was established by Boston-based ArcLight Capital Partners, LLC to capitalize on attractive investment opportunities in the evolving power, utility and energy industry. “Chambers is a very attractive investment for our investors and illustrates the benefits of working with long-term partners such as Delta,” said Daniel Revers, ArcLight’s Managing Partner.

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