Tracy Power Plant upgrades to move forward following CPUC decisions

Pittsburg, Calif., August 2, 2010 – On July 29, the California Public Utilities Commission made decisions in two separate proceedings that allow California-based GWF Energy LLC to move forward with plans to convert its Tracy Peaker Plant to a 314 MW flexible, combined cycle facility.

The upgrade will increase energy efficiency, improve air quality and play a role in integrating California‘s increasing renewable generation.

“This project reflects GWF’s commitment to meet California’s future energy needs with reliable, flexible, clean and cost-effective electricity,” said Duane Nelsen, President and CEO of GWF Energy LLC. “We made a conscious decision to invest in state-of-the-art technologies that not only increase efficiency and reduce hourly NOx emissions by 60 percent, but also use significantly less water and provide $319,000 for locally-specific air quality improvement projects.”

The natural gas fired facility will implement a new dry cooling technology that uses 97 percent less water than a conventional water cooling system – preserving about 2,300 acre-feet/year of fresh water for other local uses.

“In addition to the gains in efficiency and air emissions improvements, we’re also excited about the many economic benefits this “˜shovel ready’ project offers – including new employment opportunities, increased tax revenues, and a boost to the economy through the purchase of materials and services,” said Nelsen. In addition to creating 400 construction jobs, the facility will provide 20 full time jobs when complete and will contribute nearly $4 million annually in local tax revenue.

The project is scheduled to begin construction in the 4th quarter of this year and has a projected completion date of Summer 2012. The project previously received the necessary environmental permitting approvals for the conversion from the California Energy Commission on March 24, 2010.

Since 1989, the GWF family of companies have constructed, owned and operated nine power plants in California with a combined generation capacity of over 500 MW.

 

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