The booming digital economy and a thirst for electricitygeneration are driving an ever-expanding demand for natural gas,which in turn is pushing companies to find and produce energy at apace they can barely keep up with, according to Coastal CEO DavidArledge.
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Digital and Power Needs Overload Energy Co.’s
The booming digital economy and a thirst for electricitygeneration are driving an ever-expanding demand for natural gas,which in turn is pushing companies to find and produce energy at apace they can barely keep up with, according to Coastal CEO DavidArledge.
Large LA Municipal Profits in Power Market
Amidst the maelstrom that is California’s electricity marketthis summer, the nation’s largest municipal utility sits calm, cooland collected, making a small killing on the wholesale market andseemingly immune from power shortages for its 1.3 million customerswho make up the city of Los Angeles.
Industry Brief
Frederickson Power acquired a partially built gas-fired 249 MWelectricity generating facility located in Fredrickson, WA from theBonneville Power Administration for $25.1 million. FredericksonPower is a partnership between Westcoast power and EPCOR PowerDevelopment Corporation. “Completion of the Frederickson Powerproject will provide an alternative to existing hydro-electricpower facilities that can not meet increased demand,” saidWestcoast Power President Jeff Meyers. “It will produce energysafely and efficiently with a preferred fuel source which supportsefforts to improve local air quality and addresses climate changeconcerns.” The plant is expected to cost $160 million and has acomercial operation date set for the middle of 2002.
Southern Constructing New Plant in Michigan
To assist in the growing demand for electricity in the upperMidwest, Southern Energy Inc. plans to begin construction thismonth of a natural gas-fired plant in Zeeland, MI that will useadvanced natural gas combined-cycle technology and state-of-the-artemission control equipment. Commercial operations are expected tobegin in June 2001, with an initial 300 MW of capacity. Anadditional 530 MW will begin commercial operation by June 2003.
Briefs
Southern Company Energy Marketing said it sold 55.07 million MWhof electricity and 6.9 Bcf/d of gas in the first quarter of 2000,compared with 43.32 million MWh and 6.6 Bcf/d during the sameperiod in 1999. The marketing company, based in Atlanta, is jointlyowned by Southern Energy and Vastar Resources Inc.
Senate Markup of Electric Bill Scheduled
Comprehensive legislation to restructure the electricityindustry appears to have gotten a jump-start in the Senate.
FTC Chair Vows Close Scrutiny of Merger Efficiency Claims
There has been a sharp increase in market power in theelectricity market and merger activity is poised to skyrocket withthe spread of electric deregulation, Federal Trade CommissionChairman Robert Pitofsky told the Federal Energy RegulatoryCommission last week.
FTC Chair Vows Close Scrutiny of Merger Efficiency Claims
There has been a sharp increase in market power in theelectricity market and merger activity is poised to skyrocket withthe spread of electric deregulation, Federal Trade CommissionChairman Robert Pitofsky told the Federal Energy RegulatoryCommission yesterday.
FP&L Vows to be One of the Cleanest Utilities
Florida Power & Light Co. says it will meet future customergrowth in this decade by increasing the electricity generatingcapability of its system by 24% using environmentally friendlynatural-gas technology.