KEMA to study market: KEMA Consulting together with LECG will perform a feasibility study for a Northeast day-ahead wholesale electric market. Selected by ISO New England Inc., the New York ISO and the Ontario Independent Electric Market Operator, the KEMA Consulting/LECG team will examine market rules, market timing and the products being offered to determine if an additional marketplace would improve efficiencies and effectiveness. The study should be completed in May.
Aggreko to supply 2002 Olympics: The Salt Lake Organizing Committee for the Olympic Winter Games of 2002 (SLOC) has named Aggreko Inc. as the official temporary power generation and distribution services supplier for the 2002 Olympics. Aggreko has singed an agreement with the Olympic Properties of the United States-the joint marketing effort between SLOC and the U.S. Olympic Committee-whereby Aggreko will also provide continued support for the 2002 and 2004 U.S. Olympic teams.
Conectiv breaks ground: Construction has begun for a 550 MW combustion turbine-combined cycle power plant, the first in a series of such plants that Conectiv plans to build in the Mid-Atlantic region as part of its mid-merit generation strategy. The new plant will be built at the company’s existing Hay Road power plant near Wilmington, Del. The new plant should bring 330 MW online in its first phase, slated to be completed by summer. The entire project has an end date of summer 2002.
Consumers gets slice of nuclear: Consumers Energy has signed an agreement to become a full partner in Nuclear Management Co. of Hudson, Wis. As part of the agreement, Consumers Energy will transfer responsibility for the operation of its Palisades nuclear plant (located near South Haven, Mich.) to Nuclear Management. With Consumers as a partner, Nuclear Management will have responsibility for operating eight units with 4,500 MW of total generating capacity.
SkyGen sells to CP&L: Calpine Corp.’s wholly owned subsidiary SkyGen Energy LLC has entered into an agreement to supply CP&L Energy additional power produced from its Broad River Energy Center expansion project, a natural gas-fueled project being constructed in two phases. The first phase entered commercial operation in June producing 540 MW of peaking power. The second phase will add more turbines to raise that power an additional 350 MW. Construction of the second phase is expected to be completed by summer.
Stakeholders ask FERC to back off transco: The American Public Power Association, ELCON, Enron and other publicly and cooperatively-owned electric systems filed comments requesting that the Federal Energy Regulatory Commission not approve the GridSouth transco proposed by Duke Energy, Carolina Power & Light, and SCANA until further changes are made. They ask that the commission hold the plan in abeyance, indicate where it may fall short of minimum criteria for RTOs and order the companies to continue negotiations.
FirstEnergy subsidiary certified to sell in Ohio: FirstEnergy Corp. announced that its subsidiary, FirstEnergy Services Corp., has been certified by the Public Utilities Commission of Ohio to sell electricity in the state under Ohio’s new electric choice program, which enables customers to receive electricity from a supplier they choose starting this month.
Newport to add Texas power: Newport Generation Inc. announced it has purchased a 1,600 MW combined cycle gas turbine power project currently under development about 7.5 miles northeast of Palestine in Anderson County, Texas. The newly formed independent power producer bought the project from original developer LG&E Energy Corp. Construction is expected to begin this year with completion in 2003.
Dynegy to acquire iaxis: Dynegy Inc., a provider of energy and communications solutions, announced that an affiliate of Dynegy Global Communications, its wholly owned communications subsidiary, has signed an agreement to acquire iaxis Limited, a privately-held, London-based communications company. The purchase, estimated at $200 million, is expected to close within the first quarter of 2001.
Reliant to purchase pipeline: Reliant Services LLC has signed a definitive agreement to purchase Indianapolis-based Miller Pipeline Corp. from NiSource Inc. for about $68.3 million.
Utility to split: American Electric Power Co. is splitting into two separate companies-one for its regulated operations and one for its unregulated operations. The utility plans to file documents with the Securities and Exchange Commission outlining the restructuring plan, slated to take place within the next year.
Southern Company announces spin-off: Southern Company will ask its board to approve a complete spin-off of its Southern Energy subsidiary in April. Southern Energy, a power producer with operations in North America, Europe and Asia, raised $1.8 billion last month in a public offering of about 66.7 million shares. Southern Company plans to distribute the remaining shares of Southern Energy to Southern Company shareholders. Once spun off, Southern Energy will operate independently from Southern Company; a name change is anticipated.