eCommerce WordPress Themes

OUR NAMESAKE:

Red Team Power derives its name from an age-old military practice that is designed to challenge and improve battle plans. Red teams use contrarian thinking to improve outcomes. We embrace both the mindset and approach so much that we that we made it our name. We “Red Team” all that we do to make sure we are ready for every market situation, opportunity, and challenge. We use it to improve safety, our culture and employees, operations, and returns for our investors.

OUR VISION:

Creating a dynamic, industry leading business focused on prolonging the operating life of critical generating resources to serve key U.S. energy markets.

OUR MISSION:

To purchase through win / win transactions select thermal generating assets, structure creative offtake agreements to meet partner’s needs, and operate those assets safely, economically, and reliably to ensure grid resilience and affordability.

Our Beliefs

The strength and vitality of the U.S. economy requires affordable and reliable energy.
A smooth and economic energy transition requires more time than anticipated by policy makers.
A reliable grid requires an “all of the above'' strategy including coal as a firm-fuel dispatchable resource. 
We have multiple ways to optimize the operations of coal plants extending plant life.
We have the right team, investor, and partners to be the best owner and operator of thermal generating plants.
We believe that we can navigate the complex operational, regulatory, and risk management landscape to the benefit of our employees, partners, communities, and investors.

Operating Landscape

US electric grid is facing unprecedented challenges of balancing reliability, economics, and reducing carbon intensity.
Continued coal plant retirements.
Replacement generation is largely not dispatchable.
Significant load growth from data centers, AI, and electrification.
Growing recognition of the hidden costs of renewable build including investment in transmission, energy storage, and uncapped tax incentives.
Continued NIMBY issues related to gas transportation, electric transmission, and likely CO2 infrastructure

Red Team Power’s
Value Proposition for our partners
 

Meet ESG Goals

Reduce ownership/operation of coal-fired generation to enhance company environmental profile and meet ESG Goals.
Provide flexibility in stepping-down reliance upon coal fired energy supply over time through a tailored PPA consistent with Company affordability, reliability, and ESG criteria. 

Financial 
Benefits

Creating a significant liquidity event which permits redeployment of capital into strategic priorities, e.g. investment in new generation resources, transmission/ distribution and other projects to enhance resiliency and satisfy load growth.
Eliminating the need for capital investment for environmental compliance, plant betterment and life extension.
Reducing costs associated with ash management.
Assuming asset retirement obligations.
Red Team Power Financial Benefits

Managing Environmental Liabilities

Assuming legal, operating, and financial responsibility for ash management including all regulatory compliance, operations, and financial obligations.
Shift compliance obligations for federal GHG reduction requirements (EPA Section 111).
Addressing other CAA, ELG and other regulatory compliance requirements. Improved Affordability While Maintaining High Reliability and Safety
Lower energy costs by reducing energy generation costs through implementing demonstrated programs to reduce fuel and variable dispatch costs, as well as fixed and variable operating costs.
Flexible terms in Power Purchase Agreements to permit managing of customer costs.
Red Team Power Improved Affordability

Improved Affordability While Maintaining High Reliability and Safety

Lower energy costs by reducing energy generation costs through implementing demonstrated programs to reduce fuel and variable dispatch costs, as well as fixed and variable operating costs.
Flexible terms in Power Purchase Agreements to permit managing of customer costs. Long-term Commitment to the community and employees

Long-term Commitment to the community and employees

We recognize that the continued operation of coal plants preserves jobs, economic vitality, and benefits to the local community.
Red Team Power Site Development

Site Development

Partner with local stakeholders to plan site repurposing and development.
RENEWABLES
ENERGY STORAGE
SMR
DATA CENTERS
LEADERSHIP

 

RTP’s leadership team is composed of a group of highly seasoned energy industry executives with extensive experience in the development, operations and financing of thermal generation assets as well as utility strategy and management. RTP is working with an industry recognized sponsor and partners to acquire, operate and optimize thermal generating assets.  

Chuck Whitlock

The team is led by Chuck Whitlock, an industry recognized power and utility executive with a demonstrated track record.

Over 35 years in senior operational roles at Duke Energy and proprietary trading positions at Vitol, Statoil Energy, and Atlantic Richfield
Operated and lead the commodity risk for an 8GW portfolio of merchant generation and retail energy business in MISO and PJM.
Led all of Duke Energy’s commercial business including the North American fossil generation, commercial renewables, and international businesses. Operated and led Duke Energy’s Gas LDC in Ohio and Kentucky, as well as the Midwest distribution business.

Connect with

Red Team Power, L.L.C.
Kentucky Limited Liability Company

Locations:

Union, KY
Pittsburgh, PA
Charlotte, NC