Tyr Energy was formed in 2002 to provide comprehensive management services to financial owners of distressed power assets. Tyr Energy was among the first to offer a full suite of asset management, risk management and capacity services to third party owners. The Company provided asset management services under a multi-year contract with the Liberty Electric Power project in Pennsylvania and for the Boston Generating facilities in Massachusetts. Owned by ITOCHU Corporation, a $44.7 billion international trading conglomerate and it\'s U.S. based subsidiary, ITOCHU International, Inc., Tyr Energy formally shifted its strategy away from third party services in 2006 and now focuses on owning equity interests in North American independent power assets and providing asset management services to facilities in which it is an owner. Tyr Energy represents the North American cornerstone of ITOCHU Corporation\'s global IPP strategy. Worldwide, ITOCHU owns interests in independent power facilities in Saudi Arabia, the Philippines and Japan in addition to the United States. Tyr Energy currently owns interests in projects noted in the Projects section and is actively pursuing additional acquisition and development opportunities.\"\"
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