Tres Amigas, Viridity Energy announce commercial operations agreement

Santa Fe, N.M., June 2, 2010 – Tres Amigas selected Viridity Energy to design, build and operate the power trading platform for the Tres Amigas Superstation.

Viridity Energy will provide the network and commercial operations necessary for the sale and delivery of Tres Amigas’s transmission services, associated electric energy transfers, and other ancillary products and services.

Tres Amigas President and Chief Executive Officer Phil Harris said, “The commercial operation of the Superstation requires experience in transmission system network operations and services across multiple regions as well as knowledge of wholesale power markets. Viridity Energy brings the development and operating expertise required to ensure that Tres Amigas meets the energy and reliability requirements of each region we will be serving.”

Viridity Energy provides advanced network operating services to micro-grid systems in Eastern and Western regional power markets. Viridity supplies the system optimization and services that are required to integrate distributed energy resources, storage, and controllable load and generation into a firm and reliable resources on the power grid.

As a merchant facility, the Tres Amigas Superstation will for the first time enable the transfer of thousands of megawatts of power among presently asynchronous regions of the national grid – the Eastern Interconnection, Western Interconnection and the Texas Interconnection.

The SuperStation will be a renewable energy market hub and balancing authority, helping to ensure the efficient and reliable flow of power from multiple renewable generation sources in all three power regions to customers across the U.S., Canada and Mexico.

In March 2010, the Federal Energy Regulatory Commission authorized Tres Amigas to sell transmission services at negotiated rates.

 

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