Elwood Energy LLC, located about 60 miles southwest of Chicago,has signed a multi-year power plant sales agreement with AquilaEnergy for the output of Elwood’s phase II expansion of itsgas-fired peaking facility. When the Elwood, IL facility becomesoperational next summer, it will double the capacity of itsexisting 600 MW merchant facility, bringing the total capacity to1,350 MW.
Term
Articles from Term
Cal-ISO Lowers Cap to $100
As an interim measure prior to California’s state-charteredelectric transmission grid operator (Cal-ISO) making longer-termchanges, its board of governors adopted by a 13-10 vote lastThursday a load differentiated price cap promoted by a consumeradvocate representative on the badly splintered stakeholder board.The action drew swift criticism from generators through theirWashington, DC-based association.
SSB Sees 4Q Gas Averaging $5.00
It doesn’t matter whether forecasters predictions of an earlycold winter materialize or not. Under any short-termweather/storage scenario, Salomon Smith Barney (SSB) continues tobe very bullish on the outlook for natural gas prices.
SSB Sees 4Q Gas Averaging $5.00
It doesn’t matter whether forecasters’ predictions of an earlycold winter materialize or not. Under any short-termweather/storage scenario, Salomon Smith Barney (SSB) continues tobe very bullish on the outlook for natural gas prices.
AGA Touts Gas to Gore, Bush
The American Gas Association (AGA) has called on presidentialhopefuls Al Gore and George W. Bush to focus on developing a”balanced, long-term, market-based energy policy” that wouldprominently feature natural gas.
AGA Touts Gas to Gore, Bush
The American Gas Association (AGA) has called on presidentialhopefuls Al Gore and George W. Bush to focus on developing a”balanced, long-term, market-based energy policy” that wouldprominently feature natural gas.
Central Hudson Moves into D.C. Area
Central Hudson Energy Services, with a long-term strategy tooffer a full range of energy supply alternatives, moved toward thatgoal with the purchase this week of Griffith Consumers Co., aheating oil provider with 43,000 retail customers and a significantmarket share in the Washington, D.C. area.
TransCanada Accepting STFT Bids
TransCanada has posted short-term firm transportation servicefor November 2000 through March 2001, and is accepting bids through3 p.m. MDT today. Because TransCanada does not yet have NationalEnergy Board-approved tolls beyond the end of 2000, all of the bidsfor capacity may be adjusted for bids that extend beyond Jan. 1.
Nymex: Price Cap Will Be ‘Placebo on CA Power Market
The short-term remedy for price fluctuations in the Californiabulk electric market this summer being sought by San Diego Gas andElectric (SDG&E) — a $250/MWh cap for all wholesale sales inthe state — will have”little more than a placebo” effect, saidthe New York Mercantile Exchange (Nymex) in a protest broughtearlier this week.
EIA: Supply Concerns Persist, Demand Strong
The Energy Information Administration warned last week in itsShort Term Energy Outlook that recent natural gas market activity”reveals the backdrop of vulnerability…..to potential supplyshortfalls,” particularly in light of increasing demand from thepower sector and the winter heating season approaching.