SmartSynch closes $23 million fund-raising round

Other participants included Nth Power Technologies, Cinergy Ventures, Exelon Capital Partners, and JPMorgan Partners. Kinetic Ventures and Siemens Venture Capital, existing SmartSynch investors, also provided additional funding. New board members, Bryan Martin of JPMorgan Partners and Nancy Floyd of Nth Power Technologies were also announced.

CHICAGO, April 20, 2001 — Elwood Energy, LLC, a joint venture between subsidiaries of Peoples Energy Corporation and Dominion, today announced a multi-year power purchase agreement with Exelon Generation Company, LLC, for the remaining 150-megawatt output of Elwood’s phase II expansion of its gas-fired, peaking facility. This agreement supplements existing power sales arrangements between Elwood Energy and Commonwealth Edison Company, which transferred its interests to Exelon Generation Company, LLC.

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