CLEAN LINE ENERGY SIGNS AGREEMENT WITH MITSUBISHI ELECTRIC POWER PRODUCTS, INC. TO MANUFACTURE TRANSFORMERS IN MEMPHIS

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MEMPHIS (July 10, 2017) – Today, Clean Line Energy designated Mitsubishi Electric Power Products, Inc. (MEPPI) as its preferred supplier to manufacture all alternating current (AC) power transformers for the Plains & Eastern Clean Line transmission project, including the transformers needed to collect renewable energy on the generation side of the transmission line.

The Plains & Eastern Clean Line is a 720-mile transmission line that will use highly efficient direct current (DC) technology to deliver 3,500 megawatts of low-cost, renewable power from the Oklahoma Panhandle region to the Delta Landing Energy Center in Shelby County, Tennessee, where the power will be converted to AC and placed onto the existing Tennessee Valley Authority (TVA) transmission grid. This critical infrastructure project will position western Tennessee as a renewable energy hub adding to the existing air freight, rail, highway and river delivery hubs that have found success in western Tennessee, the greater Tennessee Valley and throughout the Southeast. The Plains & Eastern Clean Line will deliver enough low-cost, renewable energy to the TVA region to power more than 1 million homes every year. MEPPI will manufacture the transformers at its Memphis, Tennessee facility.

"Our alliance with MEPPI is a prime example of the local benefits and economic development opportunities in Tennessee that will result from the Plains & Eastern Clean Line," said Clean Line president, Michael Skelly. "We are committed to sourcing materials and services from companies in and around Tennessee and we're pleased to support the local manufacturing and transportation industries in Memphis that will support the delivery of the lowest-cost clean energy to the area."

The Plains & Eastern Clean Line represents a $300 million private investment in West Tennessee. The project will generate over $36 million in new tax revenue for Shelby County in the first 11 years, and $5.4 million annually thereafter. In addition, Clean Line estimates more than 100 West Tennessee jobs will be created to aid in the construction, operations and maintenance of the transmission line. The project also represents a $5 million commitment to minority and women-owned businesses in West Tennessee.

"MEPPI is pleased to be selected as a preferred vendor for the Plains & Eastern Clean Line. Our agreement represents a potential order of 25 or more transformers, an investment of more than $60 million and will support 225 jobs in our Memphis plant," said Joe Durante, general manager of MEPPI's Power Transformer Division located in Memphis. "We are excited to be involved in a project that will create a renewable energy hub right here in Memphis, where we have manufacturing operations and are continuing to see a high demand for low-cost and renewable energy. This project is not only well positioned to potentially serve our facilities with the most affordable wind energy in the country, but also our suppliers across the state."

Memphis Mayor Jim Strickland said, "We applaud Clean Line's commitment to using local suppliers and its efforts to ensure Memphis businesses benefit from the Plains & Eastern Clean Line project. We are pleased to see the economic benefits associated with this project, as well as the delivery of low-cost clean energy to our community, which helps our local economy remain competitive, attract new businesses and keep utility bills low for our citizens."

To learn more about the Plains & Eastern Clean Line please visit www.PlainsandEasternCleanLine.com.

About Clean Line Energy Partners:

Clean Line's mission is to connect abundant, renewable energy resources to areas that have a high demand for clean, reliable energy. Clean Line is developing a series of infrastructure projects to move renewable energy to market. For more information, please visit www.CleanLineEnergy.com.

About Mitsubishi Electric Power Products, Inc.:

Headquartered in Warrendale, PA, Mitsubishi Electric Power Products, Inc. is a US affiliate of Mitsubishi Electric Corporation of Japan, and serves the North American power systems, rail transportation and water treatment industries with electrical and electronic products, systems and services. Products include gas circuit breakers, vacuum circuit breakers, power transformers, gas insulated substations, power electronics and electricity transmission technologies, generator services, nuclear power plant control systems, ozone water treatment systems, uninterruptible power supplies and rail transportation equipment. Information on Mitsubishi Electric Power Products' complete line of products and services can be found at www.MEPPI.com. Mitsubishi Electric Power Products' Diamond Vision division markets large-scale video displays for stadiums and arenas. To learn more, visit www.Diamond-Vision.com.

In addition to electric utility products, Mitsubishi Electric US group companies' principal businesses include semiconductor devices, automotive electrical components, factory automation products and services, heating and cooling products, solar modules, and large-scale video displays for stadiums and arenas. Mitsubishi Electric US group companies have roughly 31 locations throughout North America with approximately 4,000 employees.

Note that the releases are accurate at the time of publication but may be subject to change without notice.