NGC Corp. touted several recent developments as evidence of itsstrong position in the California electricity marketplace.

NGC was certified by the California Independent System Operator(ISO) as a scheduling coordinator for the California power market,which opened on March 31. “As one of the largest traders andschedulers of unregulated power in North America, NGC is qualifiedto be certified as a scheduler in the first large-scale deregulatedmarket,” said Stephen W. Bergstrom, NGC senior vice president. “Effective management of the movement of energy is one service NGCcustomers count on. The opening of the market in California allowsus to bring this same level of quality service to a largermarketplace.”

Companies selling retail power on the open market will berequired to use certified scheduling coordinators to arrangebusiness transactions with the California ISO. NGC is one of 25companies certified to offer scheduling services to energymarketers.

A partnership of NGC and NRG Energy, a subsidiary of NorthernStates Power, recently signed an agreement with Southern CaliforniaEdison to acquire the 530 MW gas-fired Long Beach GeneratingFacility for $29.8 million, and 1,020 MW gas-fired El SegundoStation for $87.75 million. NGC holds 50 percent equity in bothfacilities and will be the lead party on fuel procurement and powermarketing. The El Segundo Station is just south of Los AngelesAirport and is considered a must-run facility. The Long BeachStation, is composed of seven 60 MW gas turbine generators and twosteam turbines, totaling 140 MW.

NGC recently agreed to supply wholesale power for a portion ofGreen Mountain Energy Resources’ retail electric business inCalifornia. Green Mountain Energy Resources is currently offeringthe state’s residential and small business customers electricityproducts featuring renewable power.

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