ELWOOD ENERGY LLC: Extension of Solicitation of Consents Relating to the 8.159% Senior Secured Bonds due 2026 (CUSIP No. 290408AB9)

SCHAUMBURG, Ill., Sept. 6, 2017 /PRNewswire/ -- Elwood Energy LLC, the owner of a 1,350 MW gas-fired electric generating facility located in Elwood, Illinois (the "Project") and a wholly-owned subsidiary of J-POWER USA Generation, L.P., announced today that it has extended until 5:00 p.m., New York City time, on September 20, 2017 (the "New Expiration Time"), unless extended or earlier terminated in Elwood Energy LLC's sole discretion, its solicitation of consents (the "Consent Solicitation") from holders of its 8.159% Senior Secured Bonds due 2026 (CUSIP No. 290408AB9) to amend the Indenture for the Bonds. Elwood Energy LLC further announced that in response to a request from a holder of the Bonds it has provided additional information concerning Elwood Energy LLC to be distributed to all of the holders of the Bonds pursuant to a supplement dated September 6, 2017 (the "Supplement") to its Consent Solicitation Statement dated August 25, 2017 (the "Consent Solicitation Statement").

Holders of the Bonds are referred to the Consent Solicitation Statement, and the related Consent Letter for the detailed terms and conditions of the Consent Solicitation, all of which remain unchanged except as set forth in this release, in the press release dated August 31, 2017 and in the Supplement.

Elwood Energy LLC has engaged MUFG Securities Americas Inc. to act as Solicitation Agent for the Consent Solicitation.  Global Bondholder Services Corporation has been engaged to act as the Information and Tabulation Agent for the Consent Solicitation.  Questions or requests for assistance or additional copies of the Consent Solicitation Statement, the Letter of Consent and related documents may be directed to Global Bondholder Services Corporation at +1 (866) 924-2200 (toll-free) or +1 (212) 430-3774 (for banks and brokers) or at [email protected].  A holder of Bonds may also contact the Solicitation Agent at +1 (212) 405-7481 or +1 (877) 744-4532, or such holder's broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Consent Solicitation.

This press release is for informational purposes only and is not a solicitation of consents.  The Consent Solicitation is only being made pursuant to the Consent Solicitation Statement dated August 25, 2017 and the related Consent Letter, as modified by the press release dated August 31, 2017 and as further modified hereby and by the Supplement.  The Consent Solicitation is subject to certain conditions and presents certain risks for the holders, as set forth more fully in the Consent Solicitation Statement (including the Supplement).  Elwood Energy LLC retains the rights to waive or modify any term of, or to terminate, the Consent Solicitation for any reason prior to the New Expiration Time.

SOURCE J-Power USA Development Co., Ltd.