PSCo selected expansion of these two projects as part of their resource development plan approved earlier this year by Colorado’s Public Service Commission. The projects are currently operating at approximately 120 MW and will be expanded by 90 MW to approximately 210 MW. The expansion will be staged over the next two years, with 40 MW becoming operational in the spring of 2001 and the remaining 50 MW going into service in early 2002. The ten-year tolling contracts will run through May 2012 and will replace the existing seven-year tolling contracts associated with the current operating facilities.
CHICAGO, Sept. 19, 2000 – Fitch IBCA said it lowered its outlook for San Diego Gas and Electric Co. (SDG&E), Southern California Edison Co. (SCE), and Pacific Gas and Electric Co. (PG&E) to negative from stable on liquidity pressures stemming from high wholesale electric power costs and uncertain recovery of these expenses under existing regulatory structures.