Consolidated Edison Co. of New York said NRG Energy Inc. andKeySpan Energy are the winning bidders for two of its electricgenerating plants and 36 gas turbines.
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Dynegy Teams with Nicor to Build Chicago Plant
Dynegy and Nicor announced plans to jointly build a gas-fired,peak demand power generation facility in East Dundee, IL, in aneffort to provide relief for the Midwest’s “capacity shortfalls.”The 250 MW facility, called the Rocky Road Power Plant, is expectedto begin construction during the first quarter of 1999, and beginservice this summer. It is located 43 miles northwest of Chicago.The partnership, which is an even 50% split between the twocompanies, still seeks approval from local authorities andregulatory officials before it can start building. Nicor said theplant plans to use 1-2 Bcf per year.
Con Ed Auctions Generation Assets
Consolidated Edison Co. of New York yesterday began auctioningoff all its fossil-fired generating stations located in New YorkCity. The assets up for sale total about 5,500 MWs of capacity andhave been divided into three groups, or bundles, with each to besold separately to third parties as part of the state’s effort topromote a competitive electric industry.
ERCOT to Get 750 MW of Gas-Fired Generation
Texas-based Panda Energy International plans to construct a $100million, 750 MW gas-fired merchant power plant in Guadalupe Countynear Marion, TX. The maximum amount of gas the plant could use is126,000 MMBtu/d.
Gas Reliability Looking Good Compared to Electricity
The recent price spikes and generation outages in the Midwestpower market have opened the door wide for the natural gas industryto capture a greater share of the industrial energy market, says asenior economist.
HI Plans Power Plant for IL Refinery
Houston Industries Power Generation Inc. (HIPG) and the WoodRiver Refining Co. (WRRC) agreed to develop a 634 MW gas-firedpower plant at Wood River’s refinery in Roxana, IL.
Merchant Plants Becoming Toast of Texas
Texas’ power generation capacity continues to grow with two newmerchant plants, one just coming on line and one announced foroperation in 1999. California-based Calpine Corp. said its 240 MWgas-fired Pasadena 1 Power Plant began producing power for thederegulated Texas wholesale market, just in time to help meet peaksummer power demand. The plant, under construction since 1997, cameon-line three months ahead of schedule and about $21 million underbudget. The $131 million power plant is selling power under short-,mid- and long-term contracts and into the open market. Pasadena 1will generate up to 240 MW.
Canadian Industry Veterans See No Supply Shortage
There will be no shortage of natural gas to fill the new wave ofCanadian export pipeline projects or a future generation offacilities yet to be born, according to veterans of the supplysector north of the international border.
HI Acquires Four SoCal Edison Plants
Houston Industries Power Generation (HIPG) completed its $237million acquisition of four gas-fired generating plants totaling2,276 MW from Southern California Edison. HIPG had submitted thewinning bids for SCE’s Ellwood, Mandalay, Etiwanda and Cool Waterplants, which have been renamed Oeste, Ocean Vista, Mountain Vistaand Alta Power, respectively.
HI Buys Another SoCal Edison Plant
Houston Industries Power Generation (HIPG) agreed to buySouthern California Edison’s (SCE) Ormond Beach Generating Stationfor $43 million. Ormond Beach has two gas-fired units totaling1,500 MW, and the deal includes land adjacent to SCE’s Coolwaterplant in the Mojave Desert, which Houston Industries bought inNovember.