US Power Generating Company

Jacob Worenklein

Chairman and Chief Executive Officer

Jacob J. Worenklein has served as our Chairman and Chief Executive Officer and as a member of our Board of Directors since the acquisition of Astoria Generating in February 2006. Prior to that acquisition, Mr. Worenklein served as Chairman and Chief Executive Officer of US Power Generating Company, LLC (”USPGLLC”), which was engaged in US power asset acquisition initiatives, since he founded the company in April 2003. Prior to forming USPGLLC, Mr. Worenklein was head of the global power and energy sectors and the project finance business at Societe Generale from 1996 until 2003. Before joining Societe Generale, Mr. Worenklein was a Managing Director and Global Head of Project Finance at Lehman Brothers from 1993 until 1996. Prior to joining Lehman Brothers, Mr. Worenklein was a partner at Milbank, Tweed, Hadley & McCloy, where he founded the law firm’s power, utility and project finance practices. Mr. Worenklein is a member of the Board of Directors and Audit Committee of Ormat Technologies, Inc., a NYSE listed developer and owner of geothermal and other renewable energy projects, and he is a member of the Board of Directors of GridPoint, Inc., a company engaged in the electric load management business. Mr. Worenklein served as an Adjunct Professor of Finance at The NYU Stern School of Business from 1997 to 2002. Mr. Worenklein has a BA degree from Columbia College and JD and MBA degrees from New York University.