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ELP Volume 77 Issue 9
Niagara Mohawk Power Corp., subsidiary of Niagara Mohawk Holdings Inc., closed the sale of its 71 hydroelectric generating plants (661 MW total) to Orion Power Holdings Inc. for $425 million. Orion is jointly owned by affiliates of Goldman, Sachs & Co. and Constellation Energy Group.
Great River Energy, a G&T cooperative in Elk River, Minn., plans to construct a 445 MW natural gas-fired facility near Pleasant Valley, Minn. Construction will begin in the second quarter of 2000. The plant will provide peaking power to Great River Energy`s 29 member distribution cooperatives beginning in spring 2001.
Federal deregulation of electricity has created a perpetual stalemate in Congress. Despite media reports of signs of momentum on Capitol Hill, Congress continues to falter when faced with restructuring legislation. The lack of federal presence in restructuring, combined with the active restructuring role undertaken by states, has left Congress grasping for suitable compromise legislation.
A day care center received a phone call from the building superintendent, advi- sing the center that within minutes the building`s electricity would be cut off. No estimate was given for the length of the blackout. Facing the prospect of several dozen frightened children stuck inside unlit, unventilated rooms, the administrator and staff herded the kids out onto a strip of lawn separating the building from Chicago traffic. There they waited until their parents could pick them up.
Cummins Engine Co. subsidiary Cummins Power Generation Americas and Wartsila NSD North America Inc. formed Combined Energy Systems to provide natural gas and light fuel oil fired distributed energy equipment and services to the North American energy market. CES will be headquartered in Annapolis, Md.