Denver, CO (February 8, 2011) - Headwaters MB advised Mt Poso Cogeneration Company L.P. on a $40 million convertible tax equity investment with DTE Energy Services to fund the conversion of a 49.5 MW coal-fired power plant to burn biomass located near Bakersfield, California. 

C.J. Hummel, Director at Headwaters MB added, “Converting the Mt Poso power plant from coal to biomass created substantial long-term value, but monetizing tax benefits in today’s capital environment is challenging.  This transaction yielded an attractive valuation for departing shareholders and put the company on firm financial footing.” 


About Headwaters MB
Headwaters MB is an independent, middle market investment banking firm providing strategic merger and acquisition advice, capital raising and special situations advisory. Named "Investment Bank of the Year" by major organizations for its third consecutive year, Headwaters MB is headquartered in Denver, CO with seven regional offices across the United States and partnerships with 18 firms covering 30 countries. For more information, visit


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