Legal & Regulatory
Man arrested for threats: A former nuclear plant worker was arrested in January. Supposedly the man had made terrorist threats against plant employees at the San Onofre Nuclear Generating Station, which is owned by Southern California Edison.
DOE notifies Nevada of Yucca Mtn. thumbs up: Secretary of Energy Spencer Abraham notified Nevada governor Kenny Guinn that he intends to recommend to President Bush that the Yucca Mountain site is scientifically sound and suitable for development as the nation’s long-term geological repository for nuclear waste.
NU sells assets to Holyoke: Holyoke Water Power Co. (HWP), a subsidiary of Northeast Utilities (NU), has completed the sale of its Hadley Falls hydro-electric dam to Holyoke Gas & Electric (HG&E) for approximately $17.5 million. The transaction also includes the resolution of prior legal disputes regarding service territories. Under the terms of the agreement, HG&E assumes ownership of HWP’s Connecticut River generation assets, which produce 45 MW, along with HWP’s distribution system, related contracts and designated land parcels.
Progress Energy subsidiary to purchase gas assets: Progress Ventures Inc., a wholly owned subsidiary of Progress Energy, has entered into a letter of intent with Westchester Gas Co. to acquire approximately 215 producing gas wells, 52 miles of intrastate pipeline and 170 miles of gas gathering systems. The properties are located within a 25-mile radius in Texas and Louisiana. Financial terms of the agreement were not disclosed.
Projects & contracts
Dominion breaks ground: Dominion has broken ground on the company’s new $800 million electric generation facility in Falls Township, Pa. When completed in 2004, the Fairless Works Energy Center will produce 1,200 MW of electricity for sale into competitive wholesale energy markets. The facility will use four General Electric natural gas-fired turbines in a combined-cycle configuration.
Avista, Mirant complete deal: Avista Corp. has completed the sale of 50 percent of its interest in Coyote Springs 2 power project in Oregon to Mirant. The 280 MW, combined-cycle project is scheduled to come on line this year. The two companies will share equally in the costs of construction, which have been estimated in the range of $180-$190 million. Once completed, they will jointly own the project.
KUA dedicates new plant: The Kissimmee Utility Authority (KUA) and the Florida Municipal Power Agency dedicated a third generating unit at Cane Island Power Park. The new $135.7 million generator is nine miles from Kissimmee. The Joseph M. Tardugno unit three is a 250 MW, combined-cycle turbine that joins unit one and unit two already in place. Construction of unit three began in December 1999.
GE Plastics awards contract to AES: GE Plastics has awarded AES NewEnergy a multi-million dollar contract to supply retail electricity service. Under the contract, AES NewEnergy will provide electricity to GE Plastics’ facilities in the Niagara Mohawk service territory.
Foster Wheeler awarded contract: Foster Wheeler USA Corp. has been awarded a $28 million engineering, procurement and construction contract by Bayswater Peaking Facility for a 54 MW natural gas-fired power plant in Queens, NYC. The Bayswater Clean Energy Center will incorporate two simple-cycle gas turbines connected to a single generator and will operate during peak power demand times. Start-up is expected in June 2002.
Dept. of Veterans chooses Sempra: The Veterans Integrated Service Network of Ohio has selected Sempra Energy Solutions to implement energy conservation measures at six medical facilities in Ohio and Kentucky serving U.S. veterans and their families. The estimated value of the contract is more than $30 million.
Sargent & Lundy: William DePriest has been named senior vice president; Robert Barnowski, Allen Goier, Calvin Hartman, Richard Knoebel, Kenneth Simpson and Hemchand Thakar are vice presidents.
Semco Energy: John E. Schneider has been appointed chief financial officer.
Exelon Nuclear: Charles G. Pardee will head the company’s mid-Atlantic regional operating group.
Avista Advantage: Gerry Crooks has been moved to the newly created position of founder and chief strategic officer; Harry Stephens is president and chief executive officer.
American Electric Power: Thomas Kalb has joined as managing director, project finance-wholesale.