ComEd to Sell 4,085 MW Of Fossil Generation
ComEd announced it plans to sell the Collins generating station
and the company's peaking units in conjunction with the sale of its
coal-fired generation business. The company said it received a
number of attractive proposals for all the power plants during the
first phase of its coal plant auction. A "short list'" of qualified
bidders on all the plants is being compiled for the next phase.
"We decided to move forward with selling Collins and the peakers
as well as the coal plants because we received a substantial amount
of interest from a variety of parties across the energy industry,"
said ComEd's Celia David, who is overseeing the sale. ComEd
officials expect to reach agreements with potential buyers by the
end of March. Completion of the sales will be subject to regulatory
approvals but is expected by the end of 1999. Proceeds from the
sales will be used in part to improve operations and restructure
The Collins station, located in Morris, IL, has five units and
generates 2,698 MW. It is capable of running on natural gas or oil.
ComEd's peakers, which have a combined capacity of 1,396 MW, are
fueled by gas and oil. They are located at nine sites: Chicago
(three locations), Waukegan, Joliet, Lombard, Rockford, Eola and
South Chicago Heights. The six Illinois coal-fired plants include:
Crawford Station (542 MW, located in Chicago); Fisk Station (326
MW, Chicago); Waukegan Station (789 MW, Waukegan); Joliet Station
(1,339 MW, Joliet); Will County Station (1,092 MW, Lockport); and
Powerton Station (1,538 MW, Pekin).
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