Cinergy Corp., a Cincinnati-based diversified energy company,placed an order with Capstone Turbine for $1.5 million. The 52-unitorder of microturbine power systems is part of Cinergy’s newdistribution agreement as one of Capstone Turbine’s major U.S.energy service providers. “The Capstone MicroTurbine is a majordevelopment in ultra-low-emission, ultra-low-maintenance powergeneration. These systems are about the size of a largerefrigerator and are intended to have virtually the sameset-it-and-forget operation profile,” said James E. Rogers, CEO ofCinergy. “Our short-term plans are to deploy these systems usingcrafted energy solution programs for customers that have animmediate need for small capacity additions, high power quality andhigh reliability. We expect, in time, distributed resources likethe Capstone MicroTurbine will reduce peak-demand strain on theelectric grid.”

Kerr-McGee acquired all of Statoil Exploration’s leaseholdinterests in 93 blocks in deep-water Gulf of Mexico. In 60 of theblocks, the acquisition has expanded Kerr McGee’s interests from alittle over 33% to almost 67%. The remaining 33 blocks representnew territory for the oil and gas company. The blocks located inthe Atwater Valley, Alaminos Canyon, Ewing Bank, Garden Banks,Keathley Canyon, Green Canyon and Walker Ridge, range in depth from1,700 feet to more than 9,500 feet. Kerr-McGee has interests inapproximately 25 million deep-water acres around the world,including offshore Australia, Brazil, Thailand, Gabon, Nova Scotiaand the United States.

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