CMS Energy's marketing subsidiary signed a long-term agreement to provide 10 Bcf of gas over 10 years to various facilities owned by the County Commissioner's Association of Ohio (CCAO). The agreement includes a prepayment of an undisclosed sum to CMS-MST funded by bonds issued by Hamilton County, OH, and underwritten by Seasongood & Mayer LLC of Cincinnati. "This agreement illustrates a marketing arrangement that is tailored to our customer's needs," said Tamela W. Pallas, president of CMS-MST. "The agreement gives the County Commissioner's Association of Ohio a secure supply of natural gas for 10 years at market-based pricing. The association, in turn, will provide the natural gas to over 30 Ohio county governments, reducing natural gas costs and saving taxpayer money."
The $525 million face lift started yesterday on Duke Energy North America's (DENA) Moss Landing power plant. "We are removing 19 massive oil tanks and eight 225-foot stacks, reducing the existing plant's air emissions and building a modern power plant to help California meet its needs for more electricity," said Mark Seedall, DENA director of electric modernization. The power plant site, which first produced electricity in 1950, currently generates 1,500 MW. When the modernization is completed by summer 2002, the site will generate 2,560 MW and be the largest power plant in California and one of the cleanest and most efficient power plants in the nation.
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