Peaker

Units of Exelon and Peoples Energy announced that they will jointly develop and operate a 350 MW, natural gas-fired peaker electric plant on Chicago’s southeast side. The plant will provide electricity to the city in periods of high electric demand. Exelon’s wholesale power marketing division, Power Team, will market the energy output of the plant for its affiliate Exelon Generation. Peoples Energy Resources, a subsidiary of Peoples Energy, will provide fuel procurement. The plant will operate only during periods of peak electricity use and emergencies to help ensure reliability of the local and regional electricity supply. Also, eight General Electric turbines, equipped with dry, low NOx burner coal technology to reduce emissions, will be installed. Construction of the plant will take about 10 months and it is targeted to begin operations in late spring 2002.