Conectiv reported it has ordered 21 combustion turbine units from Siemens Westinghouse and General Electric Co. The 21 new combustion turbines will allow the company to achieve its goal of adding up to 4,000 MW by the end of 2004. The mid-merit power plants can start and stop quickly in response to increases in demand for power. Conectiv already owns approximately 1,900 MW of mid-merit and peaking generation in the Pennsylvania, New Jersey, Maryland, and Washington, DC, area.
Enterprise Products Partners LP said an operating partnership has executed a definitive agreement to purchase Acadian Gas LLC from Coral Energy LLC, an affiliate of Shell Oil Co., for $226 million in cash, including working capital. Acadian’s assets are comprised of the Acadian, Cypress, and Evangeline natural gas pipeline systems, which together include over 1,000 mi. of pipeline and 1 bcf/day of capacity. The system includes a leased natural gas storage facility at Napoleonville, La. with 3.4 bcf of capacity. Subject to various conditions, including regulatory approval, the purchase is expected to be completed in the fourth quarter of 2000.