NTE Carolinas entered into a long-term PPA with the City of Concord, North Carolina. Under the terms of the agreement, NTE's Kings Mountain Energy Center will provide Concord with electric generation services for an initial 20-year term. In July 2014, NTE secured an equity investment for its three natural gas-fired power plants, including the Kings Mountain Energy Center, from Capital Dynamics and Wattage Finance. Construction of the facility is anticipated to begin in the second-quarter 2015, and commercial operation is scheduled to begin in the first-quarter 2018.
