Consolidated Edison Co. of New York will collect $1.1 billionand Niagara Mohawk Power Corp. will pick up $355 million on salesof several fossil-fueled generating plants, approved Thursday bythe New York State Public Service Commission.

The plants were auctioned by the companies as part of thecommission’s plan to introduce competition into the electricgenerating industry in New York State,

Con Edison’s sale involved two steam-electric plants and one gasturbine unit at Arthur Kill in Staten Island and a portion of itsfacilities at Astoria Generating Station consisting of 20 gasturbine units, all totaling 1,456 MW of power to NRG Energy Inc.for $505 million. It also sold three steam-electric plants and ablock of 16 gas turbine plants totaling 2,168 MW at Ravenswood inQueens to a subsidiary of Keyspan Energy for $596.8 million.

Niagara Mohawk sold its Huntley plant consisting of sixcoal-fired units totaling 760 MW and its Dunkirk plant comprised offour coal-fired units totaling 600 MW to NRG Energy Inc. for $355million.

NRG Energy Inc. has approximately 14,000 MW in generatingprojects worldwide. It is a wholly-owned subsidiary of NorthernStates Power Co., which provides retail electric service inMinnesota, North and South Dakota, Wisconsin and Michigan.

Keyspan Energy is a holding company whose affiliates are engagedin electric generation, natural gas distribution and exploration,transmission and distribution, energy services and applianceservice and repair. It operates facilities with approximately 4,000MW of installed generation capacity. KeySpan affiliates includeBrooklyn Union Gas Company and KeySpan Generation LLC, which ownsthe electric generation capacity formerly owned by the Long IslandLighting Company.

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