UtiliCorp United subsidiary Aquila Energy signed an eight-yearcontract to supply gas to a 265 MW independent power project beingbuilt in Rumford, in the paper processing region of western Maine.The contract is valued at $500 million. The plant is one of thefirst merchant facilities being built without a dedicated ratebase, a trend in the gradual deregulation of electricity. The plantis expected to begin operation some time in 2000.
Utilicorp
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Aquila Swapping Gas for Power in MS
UtiliCorp subsidiary Aquila Energy contracted for the option toprovide gas in exchange for power at one of three combined cyclepower units being built in Batesville, MS, by LSP Energy LimitedPartnership. The unit is expected to go on line by summer of 2000.Under the initial 15-year agreement, Aquila will provide gas to runthe unit, and in exchange LSP will provide Aquila the power andelectrical capacity.
September 10, 1998
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