/PRNewswire/ -- Georgia Power recently acquired a series of solar projects of up to 1 megawatt (MW) in Murray County, Ga., co-developed by United Renewable Energy LLC and Mack Creek Energy LLC.
Georgia Power will sell the output from the facility to Dalton Utilities.
The plant will be constructed on Looper Bridge Road in Dalton by United Renewable Energy and will be owned and operated by Georgia Power.
Under the terms of the deal, Georgia Power will lease property for the solar facility from Dalton Utilities, which will purchase 100 percent of the plant's capacity and energy through a 25-year power purchase agreement.
"Dalton Utilities is excited to be part of this project," said Don Cope, Dalton Utilities President and CEO. "This is a major initiative in expanding green energy in the State of Georgia. Upon the completion of this project, Dalton Utilities and its corporate customers will be able to advertise the fact that we are utilizing 'green' energy which has become increasingly important in today's market. This is one of several sustainable/renewable/green initiatives Dalton Utilities is in the process of developing."
Energy produced from the solar facility will be sold on the wholesale market therefore the cost of the facility will not become part of Georgia Power's retail rate base. All of the renewable energy credits from the facility will be conveyed to Dalton Utilities. The first phase of the facility is expected to begin commercial operations in spring 2011.
"This contract marks the first time Georgia Power has acquired a solar energy production facility to serve the wholesale market," said Jeff Burleson, Georgia Power's director of Resource Policy and Planning. "Not only will it increase the amount of solar resources in the state, but it also strengthens our partnership with Dalton Utilities, a fellow co-owner of the two new nuclear units under construction at Plant Vogtle."
The facility will be developed in phases with each phase comprising approximately 350 kW. Georgia Power has the option to construct two additional 350 kW phases for a total of 1 MW by January 2014. One megawatt is enough energy to supply a Super Target or approximately 400 Georgia residences.
"As a solar EPC company headquartered in Georgia," said William Silva, President of United Renewable Energy, "we applaud Dalton Utilities' vision, and Georgia Power's support of solar energy in the state. Over 100 solar jobs were created in the state of Georgia last year."
With the addition of this contract, Georgia Power's energy portfolio includes contracts with 14 qualified biomass and renewable facilities throughout the state that generate 28 MW of capacity, or enough renewable energy to power more than 11,200 homes. These contracts include electricity generated from wood waste, landfill methane gas, and hydro.
Dalton Utilities provides potable water, electric, natural gas, wastewater, stormwater and telecommunications services to approximately 77,000 customers in Dalton and five surrounding counties. Dalton Utilities is engaged in various sustainable/green energy projects including the use of treated wastewater to cool a merchant power plant, creating biodiesel from its wastewater stream, the composting of biosolids and the reuse of carpet waste to generate electricity.
Georgia Power is the largest subsidiary of Southern Company, one of the nation's largest generators of electricity. The company is an investor-owned, tax-paying utility with rates well below the national average. Georgia Power serves 2.3 million customers in all but four of Georgia's 159 counties. www.georgiapower.com
United Renewable Energy is a solar project developer and multistate electrical contractor specializing in solar photovoltaics. Operating throughout the east coast, United Renewable Energy designs, procures, finances and installs high quality turnkey utility and commercial solar projects. www.u-renew.com
Mack Creek Energy develops innovative, lowest-cost renewable power projects, with a focus on utility customers that have large fleets of baseload coal generation, such as Georgia Power Company.
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Showing posts with label dalton. Show all posts
Showing posts with label dalton. Show all posts
Tuesday, February 1, 2011
Oglethorpe Power to Purchase Combined Cycle Units
/PRNewswire/ -- Oglethorpe Power Corporation announced today that it has entered into a purchase and sale agreement with an affiliate of KGen Power Corporation to acquire two combined cycle generating facilities in Murray County, Ga.
The Murray I and Murray II natural gas units, located just outside Dalton, Ga., have a combined summer planning reserve generating capacity of approximately 1,220 megawatts. The purchase price, exclusive of working capital and other closing adjustments, is approximately $531 million.
Oglethorpe Power announced in October 2010 that it had entered a non-binding agreement to purchase existing gas-fired facilities but did not identify the seller or location for reasons of confidentiality. Since that time, the corporation has completed its due diligence, and its Board and Member Systems have approved the transaction.
The acquisition is still subject to applicable regulatory approvals, the approval of KGen Power stockholders, and other customary closing conditions. If the transaction is completed, closing is expected in April 2011.
"This acquisition of an existing, low-cost and proven facility in Georgia to help meet our Members' future power supply needs is a good strategic fit for our power supply portfolio," said Elizabeth B. Higgins, executive vice president and chief financial officer. If successful, this will be Oglethorpe Power's third power generating facility acquisition over the last two years.
Oglethorpe Power will cancel a 605-megawatt combined cycle plant currently under development if the Murray purchase is completed. The corporation had not announced a final location for that facility but had been considering property it already owns in Monroe County, Ga., among other options.
Independently from the combined cycle facilities acquisition, Oglethorpe Power has deferred development of a previously announced 100-megawatt biomass plant in Warren County, Ga. as it continues to monitor regulatory and legislative developments related to biomass electricity generation.
Oglethorpe Power engaged Sutherland as legal counsel for the transaction and is not utilizing a financial adviser.
Oglethorpe Power is the nation's largest power supply cooperative with approximately $6.5 billion in assets, serving 39 Electric Membership Corporations (EMCs) providing power to more than 4.1 million Georgians.
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 5,790 megawatts (summer planning reserve capacity), as well as purchased power.
Oglethorpe Power was established in 1974 and is owned by its 39 Member Systems. It is headquartered in Tucker, Ga.
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The Murray I and Murray II natural gas units, located just outside Dalton, Ga., have a combined summer planning reserve generating capacity of approximately 1,220 megawatts. The purchase price, exclusive of working capital and other closing adjustments, is approximately $531 million.
Oglethorpe Power announced in October 2010 that it had entered a non-binding agreement to purchase existing gas-fired facilities but did not identify the seller or location for reasons of confidentiality. Since that time, the corporation has completed its due diligence, and its Board and Member Systems have approved the transaction.
The acquisition is still subject to applicable regulatory approvals, the approval of KGen Power stockholders, and other customary closing conditions. If the transaction is completed, closing is expected in April 2011.
"This acquisition of an existing, low-cost and proven facility in Georgia to help meet our Members' future power supply needs is a good strategic fit for our power supply portfolio," said Elizabeth B. Higgins, executive vice president and chief financial officer. If successful, this will be Oglethorpe Power's third power generating facility acquisition over the last two years.
Oglethorpe Power will cancel a 605-megawatt combined cycle plant currently under development if the Murray purchase is completed. The corporation had not announced a final location for that facility but had been considering property it already owns in Monroe County, Ga., among other options.
Independently from the combined cycle facilities acquisition, Oglethorpe Power has deferred development of a previously announced 100-megawatt biomass plant in Warren County, Ga. as it continues to monitor regulatory and legislative developments related to biomass electricity generation.
Oglethorpe Power engaged Sutherland as legal counsel for the transaction and is not utilizing a financial adviser.
Oglethorpe Power is the nation's largest power supply cooperative with approximately $6.5 billion in assets, serving 39 Electric Membership Corporations (EMCs) providing power to more than 4.1 million Georgians.
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 5,790 megawatts (summer planning reserve capacity), as well as purchased power.
Oglethorpe Power was established in 1974 and is owned by its 39 Member Systems. It is headquartered in Tucker, Ga.
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Community News You Can Use
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www.GeorgiaFrontPage.com
Twitter: @gafrontpage & @TheGATable @HookedonHistory
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Twitter: @artsacrossga, @softnblue, @RimbomboAAG @FayetteFP
Wednesday, August 26, 2009
Plant Vogtle Receives Early Site Permit
/PRNewswire/ -- The Nuclear Regulatory Commission today issued an Early Site Permit (ESP) for the two new units of the Vogtle Electric Generating Plant in Waynesboro, Ga. Plant Vogtle is owned by Georgia Power, Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia [MEAG Power] and Dalton Utilities.
The ESP is another step in the Nuclear Regulatory Commission's (NRC) new, streamlined licensing process designed to reduce regulatory uncertainty by completing the process in stages. Completion of the ESP process resolves many site-related safety and environmental issues, determines that the site is suitable for construction of a nuclear energy plant and successfully demonstrates the NRC's licensing process. Southern Nuclear filed an application for the ESP in August 2006.
"This is an important step for the Vogtle project, because the demand for electricity in the Southeast, and particularly in Georgia, will continue to grow," said Mike Garrett, president and CEO of Georgia Power. "The new Vogtle units will help meet our growing energy needs by providing safe, reliable and economical electricity with a zero-emission technology. The project represents a $14 billion capital investment in Georgia that will create thousands of construction jobs and 800 permanent jobs once the units are operational."
"Receiving this ESP on behalf of Plant Vogtle co-owners is a significant accomplishment for Southern Nuclear and for the nuclear industry," said Buzz Miller, executive vice president of nuclear development for Georgia Power and Southern Nuclear. "Southern Nuclear's ESP is the first one in the industry based on a specific technology, the Westinghouse AP1000. It is also the first ESP that includes a Limited Work Authorization (LWA) which allows for certain safety-related activities to begin prior to receiving a Combined License (COL) from the NRC."
In addition to the ESP, in March 2008, Southern Nuclear filed an application for a Combined License (COL) at the Vogtle site. The COL provides one license to construct and operate a nuclear power plant. The COL application is under review by the NRC. Pending appropriate approvals, Unit 3 will begin operating in 2016 and Unit 4 will become operational in 2017.
Southern Nuclear, a subsidiary of Southern Company, operates the Edwin I. Hatch Nuclear Plant near Baxley, Ga., the Joseph M. Farley Nuclear Plant near Dothan, Ala. and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga.
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The ESP is another step in the Nuclear Regulatory Commission's (NRC) new, streamlined licensing process designed to reduce regulatory uncertainty by completing the process in stages. Completion of the ESP process resolves many site-related safety and environmental issues, determines that the site is suitable for construction of a nuclear energy plant and successfully demonstrates the NRC's licensing process. Southern Nuclear filed an application for the ESP in August 2006.
"This is an important step for the Vogtle project, because the demand for electricity in the Southeast, and particularly in Georgia, will continue to grow," said Mike Garrett, president and CEO of Georgia Power. "The new Vogtle units will help meet our growing energy needs by providing safe, reliable and economical electricity with a zero-emission technology. The project represents a $14 billion capital investment in Georgia that will create thousands of construction jobs and 800 permanent jobs once the units are operational."
"Receiving this ESP on behalf of Plant Vogtle co-owners is a significant accomplishment for Southern Nuclear and for the nuclear industry," said Buzz Miller, executive vice president of nuclear development for Georgia Power and Southern Nuclear. "Southern Nuclear's ESP is the first one in the industry based on a specific technology, the Westinghouse AP1000. It is also the first ESP that includes a Limited Work Authorization (LWA) which allows for certain safety-related activities to begin prior to receiving a Combined License (COL) from the NRC."
In addition to the ESP, in March 2008, Southern Nuclear filed an application for a Combined License (COL) at the Vogtle site. The COL provides one license to construct and operate a nuclear power plant. The COL application is under review by the NRC. Pending appropriate approvals, Unit 3 will begin operating in 2016 and Unit 4 will become operational in 2017.
Southern Nuclear, a subsidiary of Southern Company, operates the Edwin I. Hatch Nuclear Plant near Baxley, Ga., the Joseph M. Farley Nuclear Plant near Dothan, Ala. and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga.
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