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NZ
Legacy Completes Merger of its Renewable
Energy Divisions with Catalytica Energy
Systems |
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| On
October 1, 2007, NZ Legacy’s Snowflake
White Mountain Power, LLC, Renegy, LLC and
Renegy Trucking, LLC businesses combined with
Catalytica Energy Systems, Inc. (formerly
NASDAQ: CESI) to form Renegy Holdings, Inc.
(NASDAQ: RNGY). The combined companies are
focused on acquiring, developing and operating
a growing portfolio of renewable energy facilities
and providing emissions compliance solutions
for the coal-fired power generation industry.
For
more information on the transaction, click
here.
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| The
"NZ" Story: A Unique Heritage and
History |
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| New
Mexico and Arizona Land Company traced its
beginning to the period of 19th Century transcontinental
railroad building. In 1866, Congress chartered
the Atlantic and Pacific Railroad Company
(the "A&P") to construct the
first southern railroad route across the United
States. It was to run from Springfield, Missouri
to the Pacific Coast. The federal charter
provided for land grants to be carved out
of the public domain lands for the the successful
railroad builder. After a number of false
starts, the A&P came to be purchased in
bankruptcy proceedings by venture capitalists
under the new-start name of the St. Louis-San
Francisco Railway Company, commonly called
the "Frisco." |
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| Subsequently,
a joint venture between the Frisco and the
Atchison Topeka and Santa Fe Railway Company
(1880) used the old A&P charter to build
a railroad line from Isleta, New Mexico to
Needles, California. Thus, the joint venture
earned millions of acres of federal grant
lands in New Mexico and Arizona. A latter
division of assets between the two railroads
left the Frisco with over 1.2 million acres
of fee land (surface and mineral rights). |
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| In
1908, the Frisco incorporated New Mexico and
Arizona Land Company in what was then the
Territory of Arizona to hold its grant lands
until they could be sold. In 1916, the Frisco
spun off just under half of its stock in New
Mexico and Arizona Land Company and took the
Company public on the old Curb Exchange, predecessor
to the American Stock Exchange, where it was
granted trading privileges under the ticker
symbol and corporate acronym of "NZ." |
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| Uranium
was discovered on the grant lands in New Mexico
in 1968. In the 1980's NZ turned its principal
focus from rural to urban real estate investing
and development. After a period of aggressive
real estate investing, NZ expanded into bridge
financing of real estate. New emphasis was
placed on the liquidation of NZ's historic
assets. |
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| After
a series of mergers and changes in controlling
parties, Robert M. Worsley purchased the remaining
rural assets in March 2002. The originally
incorporated name of New Mexico and Arizona
Land Company was retained and formed into
a limited liability company with 12 separate
LLC's supporting each asset. |
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| With
an aggressive and forward-thinking approach
to business, Mr. Worsley embraced the fee
and mineral potentials with numerous projects,
developments and investment opportunities
with an investment in excess of $10MM to date. |
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| Snowflake White Mountain Power (SWMP) |
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24MW Biomass Plant |
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In
September 2006, NZ Legacy began construction of
a 24MW biomass plant in Snowflake, Arizona with full operation in June 2008.
Known
as Snowflake White Mountain Power (SWMP), the plant is owned by Renegy Holdings, Inc.
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| A
Vision for the Future |
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NZ Legacy's vision
for the future ranges from ranching and commercial
real estate to the generation of clean, renewable
energy. To view a chart of NZ Legacy's vision, Click
Here . |
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A
Scarce Resource... |
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With limited private,
undeveloped land available in Arizona, NZ Legacy
land holdings will continue to increase in value.
To view a PDF presentation about Arizona land use,
Click
Here . |
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