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ELP Volume 77 Issue 5
Independent transmission system operators (ITSOs) are adopting diverse strategies for addressing the physical and political needs of their regions. They are entrusted with the complicated tasks of ensuring non-discriminatory and reliable transmission access, administering regional transmission tariffs, and in some cases, operating power exchanges.
Shell and Bechtel Enterprises formed a new energy venture, InterGen North America, to develop, finance, own and operate large-scale independent power projects and cogeneration facilities in the U.S. and Canada. InterGen North America will seek to replicate the success of InterGen, an international power generation venture owned by Shell and Bechtel, founded in 1995. InterGen currently is operating or building a total of 3,675 MW in the United Kingdom, Mexico, the Philippines, Columbia and China.
Florida`s Public Service Commission approved plans by Duke Energy Power Services and the Utilities Commission of New Smyrna Beach to build the state`s first merchant power plant (514 MW). The plant now needs approval from Florida`s Department of Environmental Protection before a final decision, expected later this year, is made by the governor and Florida`s cabinet.
Panda Energy International and PSEG Americas formed a joint venture to develop and operate Texas generating plants. The initial project is a 1,000 MW combined cycle gas plant in Guadeloupe County in south central Texas. Plans for two other Texas facilities (total of 2,000 MW) will be announced soon. Total investment in the three plants will be about $1.3 billion financed with both debt and equity.
The promise of electric power deregulation has been swelling for some time. Now the wave is finally hitting the shore.