Terra-Gen Announces Voluntary Stipulation and Consent Agreement with The FERC

NEW YORK, April 7, 2026 – Terra-Gen announced that it has voluntarily entered into a Stipulation and Consent Agreement with the Federal Energy Regulatory Commission’s (FERC) Office of Enforcement and Regulatory Accounting (OERA) resolving OERA’s investigation into whether Terra-Gen complied with certain provisions of the California Independent System Operator Corporation tariff and FERC’s statutes and regulations on certain days between 2020 and 2022. As part of the settlement, Terra-Gen agreed to pay a civil penalty of $4.95 million and $681,007 (plus interest) in disgorgement.

In addition, as the Stipulation and Consent Agreement highlights, during the past two years, Terra-Gen has proactively taken significant steps to enhance its risk management and compliance culture companywide, including commissioning a third-party audit, improving internal reporting procedures, hiring compliance personnel, and expanding oversight protocols.

# # #

About Terra-Gen

Terra-Gen, LLC is a leading U.S. developer, owner and operator of utility-scale renewable energy projects in North America. Terra-Gen’s gross operating portfolio comprises 4.2 GW of wind, solar and battery storage projects, including 5.6 GWh of energy storage facilities across 32 renewable power sites throughout the U.S., predominantly in California and Texas. Terra-Gen is owned by Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the United Arab Emirates’ clean energy powerhouse, and Igneo Infrastructure Partners, a leading global investment manager with US$22.5 billion in direct infrastructure assets. For more information, visit www.terra-gen.com.

Terra-Gen media contact: Paty Mitchell, [email protected].