Home Tags ELP Volume 77 Issue 7
ELP Volume 77 Issue 7
Electric utilities divested more than 50,000 MW of generation during the last few years. Sellers include many major utilities, and buyers include utility subsidiaries and independent companies that grew large and strong on Public Utilities Regulatory Policies Act (PURPA) contracts. It is a seller`s market-auctions draw many bidders and valuations are high. As for the future, many more utility assets are going to be sold. The multi-billion dollar business of generation will continue to rapidly ev
FPL Energy Inc., a subsidiary of FPL Group Inc., plans to build a 700 MW gas-fired power plant in Bellingham, Mass. This is FPL Energy`s third major project announced this year-a 1,000 MW gas-fired plant is planned for construction in Paris, Texas, and a 248 MW gas-fired combined-cycle plant is planned in Everett, Wash.
Trigen-Cinergy Solutions and Millennium Inorganic Chemicals signed a contract valued at about $1 billion to achieve a 20 percent reduction in energy costs for Millennium`s plants worldwide. Trigen-Cinergy will design, build and operated combined heat and power plants and provide energy and utility services.