Niagara Mohawk Power Corp., subsidiary of Niagara Mohawk Holdings Inc., closed the sale of its 71 hydroelectric generating plants (661 MW total) to Orion Power Holdings Inc. for $425 million. Orion is jointly owned by affiliates of Goldman, Sachs & Co. and Constellation Energy Group.
J.M. Voith AG and Siemens AG plan to merge their hydro power activities into a joint venture, Voith Siemens Hydro. Voith will hold 65 percent and Siemens 35 percent of the new company.
Hoping to prevent price gouging, ISO New England retroactively cut prices for some electricity sold to it during a two-day heat wave in June-a move that steamed many traders.
Florida Power & Light Co. (FPL) has added another safety product to their existing rigid safety standards. It has instituted a requirement for an electrical blast suppression blanket for use in medium-voltage underground chambers. One of their selections was the EXPLO-SAFE blast suppression blanket that is now in active use at FPL and several other utilities in the United States and Canada.
Commonwealth Energy contracted with Santa Monica to provide the city with green power (peak load totals 5 MW). Santa Monica is the first U.S. city to purchase 100 percent renewable energy for its own facilities. Calpine`s geothermal plants will supply the power through May 2000; then Cal Energy`s Salton Sea plant will be brought on line to serve the load.
American Electric Power Service Corp.`s board of directors elected Charles D. Weaver vice president of fossil and hydro production; Richard A. Mueller vice president of internal audits; Harry E. Vick vice president of corporate services; and Elizabeth M. Smith vice president of AEP Institute. John R. Jones was named senior vice president of generation projects. Elizabeth M. Smith was appointed AEP vice president and director of the AEP Institute.
Involving 15 countries and hundreds of contractors, the International Space Station (ISS) gives new meaning to the phrase "high-flying, international joint venture project." Four massive solar arrays, with a square acre of coverage, will deliver most of the station`s 110 kilowatts of electricity. The arrays will be mounted to a 360 foot-long truss assembly, supported by aluminum bulkheads like the one pictured. Here, technicians complete machining the bulkhead at Boeing facilities in Huntington
Pacific Park on the Santa Monica Pier is the home of the world`s first solar-powered ferris wheel. Edison Technology Solutions mounted 660 photovoltaic modules throughout the oceanfront amusement park to annually generate more than 71,000 kWh of energy to power the Pacific Wheel. Photo courtesy of Southern California Edison.
Calpine Corp. exercised its right of first refusal to acquire Pacific Gas & Electric Co.`s (PG&E) Lake County geothermal power plants, totaling 150 MW, for $73.8 million, plus a $1.5 million breakup fee to be paid to the winning bidder-FPL Energy-under the terms of a recent auction. Calpine owns and operates the Geysers steam field operations currently supplying the Lake County plants, and aims to optimize geothermal energy production to lower costs and help extend the life of the geothermal res