Oglethorpe Power Corporation has closed on its purchase from Dynegy Inc., of that company's Heard County Power Generation Facility and associated power purchase contract. The total cost was $105 million. Oglethorpe Power and Dynegy had announced a deal for the purchase on February 25, 2009.
The natural gas-fired plant is an approximately 500-megawatt peaking facility, located in Heard County, Georgia. Since 2003, several of Oglethorpe Power's member cooperatives have received the output of the facility through a power purchase contract that terminates in 2015. After the contract expires, the facility will be available to help meet the needs of most of Oglethorpe Power's member cooperatives.
"We look forward to adding the Heard County plant to our power generation portfolio to serve the existing contract and for expanded use at the end of the contract period," said Elizabeth B. Higgins, Executive Vice President and Chief Financial Officer of Oglethorpe Power Corporation.
Oglethorpe Power Corporation (OPC) is the nation's largest power supply cooperative with approximately $5 billion in assets serving 38 Electric Membership Corporations which, collectively, provide electricity to 4.1 million Georgia citizens. A proponent of conscientious energy development and use, Oglethorpe Power balances reliable and affordable energy with environmental responsibility and has an outstanding record of regulatory compliance. Its diverse energy portfolio includes natural gas, hydroelectric, coal and nuclear generating plants with a combined capacity of approximately 4,700 megawatts (MW), as well as purchased power. Oglethorpe Power was established in 1974 and is owned by its 38 Member Systems. It is headquartered in Tucker, Georgia.
-----
www.fayettefrontpage.com
Fayette Front Page
www.geogiafrontpage.com
Georgia Front Page
Showing posts with label tucker. Show all posts
Showing posts with label tucker. Show all posts
Friday, May 1, 2009
Monday, January 5, 2009
Green Power EMC Awarded Nation's Leading Voluntary Certification for Renewable Energy
/PRNewswire/ -- Green Power EMC (GPEMC) announced today that its renewable energy program received Green-e Energy(TM) Certification from the Center for Resource Solutions, the nation's leading certification and verification program for renewable energy.
The Green-e Energy Certification program provides independent, third-party certification to ensure renewable energy meets strict environmental and consumer protection standards. GPEMC joins a network of more than 150 certified Green-e Energy Certified suppliers that market almost 10 million megawatt hours of renewable energy annually.
"With Green Power EMC being the first renewable energy program in Georgia, and now one of the largest programs in the southeastern United States, the Green-e Energy certification validates the significance of what we have accomplished and recognizes our potential for achieving even more," says Michael Whiteside, president of GPEMC. "It was an extremely rigorous process, and the certification signals that our program meets national as well as local environmental standards," he adds.
For over a decade, the Center for Resource Solutions has been certifying renewable energy that meets environmental and consumer protection standards it developed in conjunction with leading environmental, energy and policy organizations. The Center also requires that sellers of certified renewable energy disclose clear and useful information to potential customers, allowing consumers to make informed choices.
Providers of Green-e Energy Certified renewable energy agree to abide by the Green-e Energy Code of Conduct and meet strict disclosure and truth-in- advertising requirements. All marketers of Green-e Energy Certified products undergo an annual verification audit to document that the company purchased and/or generated enough renewable energy, both in terms of quantity and type, to meet customer demand and marketing claims.
Through the GPEMC program, 38 of the state's electric cooperatives, representing more than 1.6 million homes, businesses, factories and farms, have signed on to offer their members renewable energy. Because green power costs more to generate than electricity from traditional sources, some participating EMCs offer their members the opportunity to purchase green power on an individual basis, while others incorporate the green power into their pricing structure.
"We're pleased to offer our members easy access to certified, locally- produced renewable energy," says Whiteside. "The Green Power program offers a convenient, yet effective way for customers to make a significant contribution to energy conservation and efficiency, and the Green-e Energy Certification is one more way to let them know they are participating in a valuable program."
-----
www.fayettefrontpage.com
Fayette Front Page
www.georgiafrontpage.com
Georgia Front Page
The Green-e Energy Certification program provides independent, third-party certification to ensure renewable energy meets strict environmental and consumer protection standards. GPEMC joins a network of more than 150 certified Green-e Energy Certified suppliers that market almost 10 million megawatt hours of renewable energy annually.
"With Green Power EMC being the first renewable energy program in Georgia, and now one of the largest programs in the southeastern United States, the Green-e Energy certification validates the significance of what we have accomplished and recognizes our potential for achieving even more," says Michael Whiteside, president of GPEMC. "It was an extremely rigorous process, and the certification signals that our program meets national as well as local environmental standards," he adds.
For over a decade, the Center for Resource Solutions has been certifying renewable energy that meets environmental and consumer protection standards it developed in conjunction with leading environmental, energy and policy organizations. The Center also requires that sellers of certified renewable energy disclose clear and useful information to potential customers, allowing consumers to make informed choices.
Providers of Green-e Energy Certified renewable energy agree to abide by the Green-e Energy Code of Conduct and meet strict disclosure and truth-in- advertising requirements. All marketers of Green-e Energy Certified products undergo an annual verification audit to document that the company purchased and/or generated enough renewable energy, both in terms of quantity and type, to meet customer demand and marketing claims.
Through the GPEMC program, 38 of the state's electric cooperatives, representing more than 1.6 million homes, businesses, factories and farms, have signed on to offer their members renewable energy. Because green power costs more to generate than electricity from traditional sources, some participating EMCs offer their members the opportunity to purchase green power on an individual basis, while others incorporate the green power into their pricing structure.
"We're pleased to offer our members easy access to certified, locally- produced renewable energy," says Whiteside. "The Green Power program offers a convenient, yet effective way for customers to make a significant contribution to energy conservation and efficiency, and the Green-e Energy Certification is one more way to let them know they are participating in a valuable program."
-----
www.fayettefrontpage.com
Fayette Front Page
www.georgiafrontpage.com
Georgia Front Page
Subscribe to:
Posts (Atom)
