PP&L Buys Montana Power Marketer
PP&L Resources, a utility based in eastern Pennsylvania, is
cementing its ties in the western U.S., buying the energy marketing
operation of The Montana Power Co. to go with the 13 power
generation plants it is in the process of buying from the same
PP&L Resources said all the key employees have agreed to
join the PP&L Resources family of companies. The energy
marketing and trading operation will remain in Butte, but become
part of PP&L EnergyPlus, the company's unregulated marketing
arm, and will sell electricity in both the wholesale and retail
markets in Montana and the Northwest.
"The Montana plants are especially important," according to
Roger Petersen, CEO of PP&L Montana, "because they are located
in the vast Western systems Coordinating council, which includes
all the western states and Canadian provinces of Alberta and
British Columbia. We envision that other plants acquired or built
in the western United States-such as the 600 MW plant a PP&L
Resources company is developing in Kingman, AZ, - will use the
Montana-based marketing and trading organization. The group also
will do the trading for the 13 plants being acquired from Montana
Power which generate 2,600 MW. Montana Power had said last year it
would exit the power marketing business because it was too risky
without the generating assets to back it up. The company will
remain in natural gas trading and marketing.
PP&L Resources, based in Allentown, PA is aiming to own and
operate about 20,000 MW of electric generation capacity in key U.S.
markets in the next five years. Including current acquisitions and
construction the company is only 8,000 MW short of its goal.
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