White Plains, NY-based U.S. Energy Systems Inc. on Tuesday reported that it is acquiring Trigen Energy Canada Co., an indirect subsidiary of Trigen Energy Corp., in a transaction totaling $18 million. The acquisition includes two district energy systems, one located in Charlottetown, PE and the other in London, ON. The Charlottetown District Energy System provides heating and other energy services to 102 customer buildings under long-term contracts, including provincial and privately owned buildings in the downtown area. U.S. Energy Systems said that energy is produced at Charlottetown’s renewable biomass and energy- from-waste facilities. The London District Energy System features a combined heat and power plant that provides electricity, heating and cooling. Energy services are provided to 71 customer buildings. Electricity is also sold to the municipal utility, London Hydro. U.S. Energy Systems is an independent producer of power, generated close to the customer. It develops, owns and operates combined heat and power plants and energy plants utilizing renewable fuels in North America.
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CA Lawmakers Still Look to Bush White House for Relief
Several congressional lawmakers from California yesterdayrenewed their pleas for help from the Bush administration to endthe power crisis in their home state, with some urging a Housesubcommittee to direct FERC to install caps on wholesale power inthe short term while others suggested adjusting Daylight SavingsTime in the region to conserve power.
Energy Task Force Proposals to Be Ready in April
The White House energy task force plans to forwardrecommendations for a national energy policy to Capitol Hill inearly April, according to a top staff official for the task force.
Hebert Talks to Bush Team about FERC Transition
With the Supreme Court last week effectively handing the keys tothe White House to now President-elect George W. Bush, speculationhas escalated in Washington D.C. over who will be tapped as thenext FERC chairman under a Republican administration.
ICE Sets One-day MWh Trading Record
The name “ICE” doesn’t seem to do the white-hot trading exchangejustice, after IntercontinentalExchange, which marketsover-the-counter energy and metals products, announced it tradedmore than 2 million MWh in one day — Thursday — just one monthafter going live with its complete energy portfolio.
FERC Chairman Caught in Political Vortex
With the U.S. Senate in a holding pattern until after the election, a rumored recess appointment by the White House to extend Chairman James J. Hoecker’s tour-of-duty at FERC by another year also has been drawn into the no-fly zone, awaiting Tuesday’s election results.
California Asks Clinton’s Help with FERC
Political repercussions from California’s high-priced heat wavereached all the way to Washington’s White House last week as Gov.Gray Davis asked President Clinton to pressure the Federal EnergyRegulatory Commission to “accelerate its investigation of wholesaleenergy prices in California.”
CA Seeks Clinton’s Aid in FERC Electric Probe
Political repercussions from California’s high-priced heat wavereached all the way to the White House last week as Gov. Gray Davisappealed to President Clinton to pressure the Federal EnergyRegulatory Commission to “accelerate its investigation of wholesaleenergy prices in California.”
FERC Awards Itself High Marks for ’99 Performance
In a fiscal year 1999 performance report card submitted toCongress and the White House, the Federal Energy RegulatoryCommission gave itself high marks for furthering competition in thenatural gas and electricity markets, citing the mega gas rule(Order 637), the RTO decision (Order 2000) and its FERC Firstinitiative as proof of its progress.
FERC Gives Itself High Marks for Work in ’99
In a fiscal year 1999 performance report card submitted toCongress and the White House, the Federal Energy RegulatoryCommission gave itself high marks for furthering competition in thenatural gas and electricity markets last year, citing the mega gasrule (Order 637), the RTO decision (Order 2000) and its FERC Firstinitiative as proof of its progress.
