Energy Harbor Secures Zero-Carbon Letter of Credit Facility

Akron, Ohio, October 14, 2021 – Energy Harbor announced today that it has closed on a Zero-Carbon Letter of Credit facility. RBC Capital Markets (RBC) and Goldman Sachs acted as joint Book Runners and joint Lead Arrangers for the new facility, with RBC acting as Administrative Agent. Energy Harbor’s Zero-Carbon facility is priced with a Letter of Credit issuing fee of 150 basis points and is backed by the company’s carbon-free baseload nuclear fleet as well as the company’s growing retail and commercial energy businesses.

Senior Vice President and Treasurer, Tanya Rohauer noted “This transaction allows us to continue improving Energy Harbor’s financial position and pursue further growth in core PJM and MISO Retail markets while effectively hedging our clean, reliable and grid-critical nuclear assets.” Jason Petrik, Executive Vice President and Chief Financial Officer, said, “We appreciate working with RBC and Goldman Sachs to advance our business and best serve our customers, local communities, employees and stakeholders with carbon-free solutions critical to our country’s clean energy transition.”