Southwest Power LLC, an entity owned partly by Enron bought LasVegas Cogeneration LP and SUNCO Ltd. from The United Co. Las VegasCogeneration owns a 50 MW combined cycle power plant in North LasVegas. Designated as a qualifying facility under the PublicUtilities Regulatory Policy Act of 1978, the plant delivers powerunder contract to Nevada Power while SUNCO serves as the plant’sthermal host.
“The high demand growth experienced by the Las Vegas regioncoupled with the anticipated opening of the Nevada power market inMarch 2000, makes this asset very attractive to Enron,” said CliffBaxter, CEO of Enron North America. “In addition to its strategiclocation, the asset provides an opportunity for Enron to expandcapacity in a power-constrained region.”
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