Date: June 8, 2010
Source: Meridian Power
London-based Meridian Power, which is developing a series of large-scale biomass fired power plants located in the US and UK, has named former TVA chief Glenn McCullough Jr. to head its US business. The company said Mississippi would be the location its first US plant although no site has been chosen. It is to be one of six 100- to 150-megawatt large-scale biomass-fired power plants it wants to build in the Southeast. Meridian Power's CEO, Marco Dell'Aquila, commented: "Glenn is a highly regarded professional with a distinguished career in the power sector and Meridian Power is delighted that he joined us to build a significant biomass business in the US.
PRESS RELEASE:
Meridian Power appoints Glenn L. McCullough Jr. as Chairman of its US biomass business
London, 2 June, 2010
Meridian Power today announced that Glenn L. McCullough Jr. has agreed to act as Chairman of its biomass businesses in the United States.
Meridian Power's CEO, Marco Dell'Aquila, commented: "Glenn is a highly regarded professional with a distinguished career in the power sector and Meridian Power is delighted that he joined us to build a significant biomass business in the US.
Biomass power generation is an important but often overlooked source of clean and locally "grown" power. It helps to stimulate the creation and maintenance of long term jobs. Biomass power generation is green, economically viable and produces power 24/7."
Glenn L. McCullough Jr. said:
"I am delighted to join Meridian Power in order to accelerate its efforts to build a large-scale biomass business in the Southeastern United States. Biomass power generation provides long term security to local timber businesses."
Meridian Power plans to develop several 100-150MW large-scale biomass fired power plants in the Southeastern United States, each with a total consumption of over one million tons a year.
The company has chosen the State of Mississippi for its first power plant, due to the abundance of biomass in the State.
About Meridian Power
Meridian Power was established to confront the twin challenge of climate change and energy security. With a core team of seasoned international energy professionals, the company is developing renewable and clean conventional power projects.
Based in London, the company is rapidly increasing its presence in the US market with the development of a series of large-scale biomass fired power plants located in close proximity to the fuel supply.
About Glenn L. McCullough Jr
President George W. Bush named Glenn L. McCullough, Jr., Chairman of the Tennessee Valley Authority (TVA) Board of Directors on July 19, 2001. He served as Chairman of the TVA until 2005.
Under his leadership, TVA, the nation's largest public power utility, achieved record performance. Revenue in 2005 exceeded $7.5 Billion on sales of 166 billion KWh's with TVA's electric power rates ranking among the lowest in the nation.
During 1999-2005, Glenn served as a member of the National Advisory Board of the U.S. Department of Energy (DOE) and as a member of the Executive Committee of the Board of the Nuclear Energy Institute (NEI). He served on the Executive Committee of the Board of the Electric Power Research Institute (EPRI) and as a director of the Institute of Nuclear Power Operations (INPO).
Currently, Glenn is Chairman of Advance Mississippi, serves on the Advisory Council of the Electric Power Research Institute (EPRI), Palo Alto, California, is a member of the Board of Directors of the Mississippi Technology Alliance, and is a member of the Board of Directors for Community Bank of Northeast, Mississippi.
Glenn has 14 years in private business as vice president of McCullough Steel Products, Inc., five years on the staff of former Mississippi Governor Kirk Fordice, and two years as Mayor of the City of Tupelo, Mississippi.
Glenn is married to the former Laura Annette White. Glenn and Laura have two sons.
Ends.
For more information, please contact:
Laura Hartmann
T: +44 20 7795 6585
E: L.Hartmann@meridian-power.com
Meridian Power, www.meridian-power.com.
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