DukeSolutions is hauling in eight independent power facilitiesfor $81 million from Houston-based Waste Management Inc., and hasplans to invest another $20 million into the cogeneration andrenewable energy facilities in California, Pennsylvania, Maine andFlorida. Together, the facilities generate 244 MW and revenues overthe next 15 years could exceed $1 billion.

The facilities provide steam and chilled water under long-termcontracts with industrial and institutional customers and long-termelectricity under contracts with Southern California Edison,Pacific Gas and Electric, Maine Public Service, Florida Power Corp.and Pennsylvania Power and Light. DukeSolutions will own andoperate the facilities, and its parent, Duke Energy, andsubsidiaries will add complementary services, including commoditysupply and hedging.

“This acquisition will expand our ‘inside the fence’ presence inthe industrial and institutional markets and will help balance thecorporate portfolio with regard to the merchant positions of DukeEnergy North America and Duke Energy International,” saidDukeSolutions COO Keith G. Butler.

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