New York, October 14, 2008—Shearman & Sterling represented Calyon New York Branch, Export Development Canada, WestLB AG, New York Branch, Sumitomo Mitsui Banking Corporation, and DekaBank Deutsche Girozentrale Luxembourg S.A., as mandated lead arrangers, in the $261 million non-recourse financing of the acquisition by InterGen of TransAlta’s two gas-fired combined cycle power plants in Mexico, the 259 MW Campeche Power Plant, located at Palizada in the state of Campeche, and the Chihuahua Power Plant, located in the town of Samalayuca in the municipality of Juárez, Chihuahua.

The Campeche and Chihuahua Power Plants sell their respective capacity and energy to the Comisión Federal de Electricidad (CFE) under separate 25-year Power Purchase Agreements. CFE is a Mexican government-owned electric utility, which provides electric generation, transmission, and distribution services in Mexico (other than for Mexico City), and is one of the largest utilities in North America in terms of net worth and assets.

The principal Shearman & Sterling attorneys who worked on this matter are partner Gregory Tan (New York-Finance), associates Alexandro Padres (New York-Finance), Horace Wu (New York-Finance), and Alyse Aruch (New York-Finance), and legal assistant Sunita Daswani (New York-Finance).

For additional information contact: Ron Brandsdorfer | New York | T +1.212.848.5081 |