JERA Announces Share Transfer in Tenaska Gas-Fired IPP Projects in the United States2025/09/22

JERA Co., Inc. ("JERA") announced today that it has completed the transfer of its 50% interest in TC Generation, LLC ("TC Gen"), a joint investment vehicle established with Tyr Energy Inc. (Tyr Energy), a U.S. subsidiary of ITOCHU Corp. 

JERA, through JERA Americas, held indirect equity interests in three gas-fired power plants in ERCOT, SPP, and PJM markets in the United States along with Tenaska. The indirect equity interests were originally held through TC Gen. All interests have now been transferred to Tyr Energy and Tenaska.

JERA will reinvest transaction proceeds as it continues to optimize its asset allocation in a changing business environment in the U.S. This approach will enable the company to adapt to evolving market conditions, achieve an optimal asset mix, and drive future revenue growth.

About JERA
JERA is a global energy leader and Japan’s largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the Company produces one-third of Japan’s electricity, and is one of the largest LNG buyers in the world. JERA has global reach and strength throughout the energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. In support of a responsible energy transition, JERA has committed to achieving net-zero CO₂ emissions from its domestic and overseas businesses by 2050. 

Overview of Tenaska Gas-Fired IPP Project

Overview of Tyr Energy Inc.

Overview of Tenaska, Inc.