AES Corp. has set the table to take another big bite of theMidwest power generation market after agreeing to buy IPALCOEnterprises Inc. of Indiana for $3.04 billion in stock and assumeddebt. The Arlington, VA, power plant developer, which expects toclose the sale early in 2001, plans to build additional facilitiesin IPALCO’s Indiana territory and eventually begin sellingelectricity in the growing Chicago marketplace.
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Was Unbundling of CA Power Market a Mistake?
In the wake of generation shortages and price spikes that haveriddled the western power markets this summer, California’s newestregulators last week indicated the state’s experiment with furtherelectricity unbundling should be halted completely or at a minimumplaced on temporary hold. At least that was the message deliveredwhen the two regulators roundly criticized a new California PublicUtilities Commission staff report that advocated continuedunbundling of the state’s electric distribution market.
PG&E, Sempra Hold Open Season for Baja Project
Although the proposed project is focused primarily on newelectric generation and large industrial/wholesale localdistribution loads, the backers of a proposed 212-mile natural gaspipeline from the Arizona-California border south into northernBaja, Mexico are testing potential market interest for thepipeline’s U.S. segment as part of an open season running throughJuly 14.
DENA Firing Up New Plants For Summer Peak
Duke Energy North America (DENA) will be firing up about 2,300MW of new merchant generation capacity this summer to capture someof the load growth and higher electric power prices in Texas, theMidwest and New England.
DENA Firing Up New Plants for Summer Peak
Duke Energy North America (DENA) will be firing up about 2,300MW of new merchant generation capacity this summer to capture someof the load growth and higher electric power prices in Texas, theMidwest and New England.
Semco to Build Line for Southern Plant
To complement Southern Energy’s new power generation plantscheduled for construction in Zeeland, MI, Semco Energy Inc.announced plans yesterday to build a natural gas line to serve thefacility. Southern Energy plans to build a 830-MW plant to supplythe growing demand for electricity in the upper Midwest (see NGIMay 12). Semco’s gas line will connect the plant with ANRPipeline’s interstate mainline system.
CMS CEO Voices Support for MI Deregulation
William McCormick, CEO of CMS Energy called for the Michiganlegislature to pave the way for added electric generation and fullcompetition in the state. He presented his comments to a group ofpeople at the Midland Cogeneration Venture (MCV) 10th yearanniversary ceremonies yesterday.
Panda Strikes Turbine Deal with GE
Seeking to improve on their various generation plays across thecountry, Panda Energy International, Inc., signed an $800 millionlong-term service agreement contract with GE Power Systems coveringsix power plants currently under development, Panda said yesterday.The service agreements and commitment represents purchases of 24gas turbines and 12 steam turbines.
People
Southern Energy Inc., a unit of Southern Company named David T.Gallaspy CEO of its Southern Energy Texas/Louisiana division,managing power generation operations in Texas and directingbusiness development activities in the region. He also will remaina vice president of Southern Energy.
TXU Electric to Sell Six Generating Plants
Taking advantage of the hot market for natural gas-firedgeneration TXU Electric put six gas-fired generating plants with acombined capacity of 3,116 MW on the market last week.