TECO Power Services completes acquisition of 500-MW Texas power plant

TPS President Rick Ludwig said, “We’re pleased to add Frontera to our expanding generation portfolio. This acquisition provides us with an unrivaled opportunity to serve both the continental United States and Mexico from one facility and we’re actively pursuing contracts in both markets. In fact, this opportunity appears to have the potential to benefit from the proposed North American energy system integration that President Fox and President Bush announced during their joint meeting on February 16.”

HOUSTON, Texas, March 20, 2001 — Altra Energy Technologies, Inc. announced today that South Texas Electric Cooperative (STEC) and Xcel Energy, Inc. have selected Altra Power 4.2, the latest release of Altra’s power transaction management system, for bidding, scheduling and settlement in the newly deregulated Texas marketplace.

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