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Power generation

Helping power generation companies stay ahead of the curve​
The power industry is dynamic and ever-changing. We’ve been helping companies manage through change by providing capital and structuring complex transactions across the risk spectrum in the power sector since 2004.​
Power generation
Helping power generation companies stay ahead of the curve​
The power industry is dynamic and ever-changing. We’ve been helping companies manage through change by providing capital and structuring complex transactions across the risk spectrum in the power sector since 2004.​
OverviewCase StudyOur TeamInsights
OverviewOur TeamInsights
OverviewCase StudyOur Team
OverviewOur Team
Overview

A trusted provider with years of experience in power​​​

Our longtime involvement in the Power sector includes investments of $22.7 billion since the Power group was established in 2004. Our current Power portfolio stands at $11.1 billion, with 109 project issuers, 35 utilities, and 24 electric cooperatives (as of 6/30/26).

We provide our partner companies with the security of a large capital provider and the care and attention to detail of a small group. We’re able to focus on power, generation, and transmission assets as well as more traditional natural gas-fired generating assets.​

Typical size

  • Senior debt: $10 million - $300+ million​
  • Subordinated debt: $10 million - $100+ million
  • Preferred equity: $10 million - $50+ million

Typical uses

  • Power Plant Construction
  • Debt Refinancing​
  • Debt Diversification
  • ​Expansion and Growth Capital
  • ​Acquisitions​
  • Stock buyback / recapitalization​
  • Employee Stock Ownership Plan (ESOP)​

Structural characteristics

  • Fixed / floating rate​
  • Unsecured / secured​
  • Maturities of 3 to 30+ years
  • Amortizing or bullet maturities
  • Senior debt, alongside subordinated debt / equity (if needed), for a seamless solution with a single, relationship-oriented capital provider​
  • Focus on project finance (construction loan, term loan, subordinated debt), utilities, and electric cooperatives​
  • Emphasis on contracted assets and return on rate base​

Issuer benefits

  • Supportive, patient, relationship-oriented partner​
  • Deep pockets to provide follow-on capital to fund your future growth​
  • Understanding the complexities of your particular business
  • Capacity to fund across your capital structure with senior debt, subordinated debt, and preferred equity​
Case Study
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AES Ohio
Learn about how AES Ohio refinanced tax-exempt first mortgage bonds.
Learn more
“PGIM's ability to swiftly move to a close within three months of the initial discussion was a testament to the strong relationship we have built over the years. Their varied investments with us illustrate their broad interest and expertise in traditional utilities and project finance.”
Gustavo Garavaglia CFO AES United States

Portfolio Companies

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Who we work with
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“With the scale, flexibility, and experience of a global investment platform, we approach every opportunity with a solutions mindset. We understand that every business has specific objectives and every project has distinct capital needs. By leveraging the breadth of our platform's resources, product offerings, and market expertise, PGIM offers customized financing solutions to support our clients' evolving needs and long-term success.”
Ty Bowman Managing Director Power
“With the scale, flexibility, and experience of a global investment platform, we approach every opportunity with a solutions mindset. We understand that every business has specific objectives and every project has distinct capital needs. By leveraging the breadth of our platform's resources, product offerings, and market expertise, PGIM offers customized financing solutions to support our clients' evolving needs and long-term success.”
Ty Bowman Managing Director Power
Our Team
With representatives around the world, finding the right person is easy.
Who You Can Work With
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Ty Bowman
Managing Director
+1 (214) 720-6263​
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Power
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Steven Hendricks
Executive Director
+1 (214) 720-6260
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Power
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Lennart Piro
Senior Director
+49 69 95528722
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Real Assets - Continental Europe
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Ingrida Soldatova
Executive Director
+1 (214) 720-6230
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Power
See All Our People

Meet our team

Right arrow
Ty Bowman headshot
Ty Bowman
Managing Director
+1 (214) 720-6263​
EmailEmail
Power
Right arrow
Steven Hendricks headshot
Steven Hendricks
Executive Director
+1 (214) 720-6260
EmailEmail
Power
Right arrow
Lennart Piro headshot
Lennart Piro
Senior Director
+49 69 95528722
EmailEmail
Real Assets - Continental Europe
Right arrow
Ingrida Soldatova headshot
Ingrida Soldatova
Executive Director
+1 (214) 720-6230
EmailEmail
Power
See All Our People
Insights
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Any featured testimonials were provided by a borrower that has received financing from PGIM. No cash or non-cash compensation was provided for their statements. Individual experiences may not be representative of all clients.

The information presented herein, including any transaction information, is presented by PGIM and is intended solely for borrowers and prospective borrowers. This information is provided for educational purposes only to show the scope of PGIM’s investment capabilities. It should not be construed as investment advice, a recommendation or an offer or solicitation to buy or sell any security or financial instrument or to enter into or arrange any type of transaction as a consequence of any information contained herein. Any transaction information shown is based on information available at the time each transaction was initiated, which may no longer be applicable. Depicted transactions were selected based solely on PGIM’s receipt of a borrowers’ prior approval and are not representative of all investments made by PGIM. Future transactions and other existing transactions may differ materially from those presented herein.  

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