Southern Inks Supply, Marketing Deal With 4 Sithe Power Plants
Southern Company Energy Marketing signed an agreement to provide four Sithe Energy power plants in New York with 55 MMcf/d of gas for fuel and to market the 275 MW output. The 15-month arrangement is scheduled to begin this month.
Southern said it plans to sell the power from Sithe's Sterling, Massena, Ogdensburg and Batavia plants into wholesale markets in New York, the Pennsylvania-Jersey-Maryland (PJM) Power Pool, the New England Power Pool (NEPool) and Canada.
"Coupled with Southern Energy's recent acquisition of more than 1,200 MW in the NEPool from Commonwealth Energy, the agreement with Sithe builds Southern Company Energy Marketing's position as a preeminent wholesale marketer," said CEO Marce Fuller. "The Sithe agreement is consistent with our strategy to tightly link energy marketing with assets, be they owned, leased or under contract."
Southern marketed an average of 5.1 Bcf/d of gas and 41.1 million MWh of electricity in the first quarter.
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