/PRNewswire/ -- Georgia Power President and CEO Paul Bowers today announced the company will host an innovative research facility to develop and test water conservation technologies at Georgia Power's Plant Bowen, near Cartersville, Ga.
The Water Research Center (WRC) will provide a venue for developing and testing technologies to improve water efficiency by addressing withdrawal, consumption and recycling throughout the power generation process.
Georgia Power is collaborating with the Electric Power Research Institute (EPRI) to add broader industry perspective and guidance to the project. Expected to be fully operational by August 2012, the WRC will include seven separate research focus areas: moisture recovery, cooling tower and advanced cooling systems, zero liquid discharge options, low volume wastewater treatment, solid waste landfill water management, carbon technology water issues, and water modeling, monitoring and best management practices.
"We are pleased to work with EPRI and technology suppliers in this first-of-a-kind project," said Bowers. "Water research and conservation is vital for the continued prosperity of our state, and we will contribute to that effort."
Dr. Michael Howard, president and CEO of EPRI, said: "We are excited about the water treatment and conservation research projects envisioned for the WRC. The center can be the catalyst to advance new technology options that address the industry's current and future water challenges."
The center is an extension of a pilot project that began in May 2010 at Plant Bowen to identify opportunities to address water withdrawal, consumption and recycling. As a result of the pilot project, technology has been implemented to reduce water withdrawals for the plant's scrubber process, an environmental control that reduces sulfur dioxide emissions.
Results from research conducted at the WRC will be shared with Georgia Power and other EPRI members. Appropriate technologies can be implemented by utilities worldwide to address water issues.
The center, which will be operated by the Southern Research Institute, may also serve to educate students and community leaders about the importance of water conservation.
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 below the national average. Georgia Power serves 2.3 million customers in all but four of Georgia's 159 counties.
The Electric Power Research Institute, Inc. (EPRI) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, health, safety and the environment. EPRI also provides technology, policy and economic analyses to drive long-range research and development planning, and supports research in emerging technologies. EPRI's members represent more than 90 percent of the electricity generated and delivered in the United States, and international participation extends to 40 countries. EPRI's principal offices and laboratories are located in Palo Alto, Calif.; Charlotte, N.C.; Knoxville, Tenn.; and Lenox, Mass.
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Showing posts with label power. Show all posts
Showing posts with label power. Show all posts
Wednesday, April 20, 2011
Friday, April 15, 2011
Southern Company CEO Tells Congress That Proposed Standard Will Impact Economy and Electric Reliability and Affordability
/PRNewswire/ -- Thomas A Fanning, chairman, president and CEO of Southern Company, today told members of Congress that proposed regulations aimed at emissions from power plants could reduce reliability, raise electricity prices, slow economic development and eliminate American jobs.
"My message today is that the reliability and affordability that Americans deserve could be at risk," Fanning said in testimony before the House Subcommittee on Energy and Power in Washington.
The U.S. Environmental Protection Agency has proposed regulation on further reducing air emissions from coal-fired power plants. The new regulation, known as Utility MACT (maximum achievable control technology), covers 125 different types of emissions. The EPA has allowed 60 days for comment.
"This is nearly a thousand-page rule with nearly a thousand more pages of technical supporting documents," Fanning said. "Sixty days is plainly inadequate for the industry to analyze this rule and its effects and offer meaningful comments."
Of greater concern, said Fanning, is the three years mandated for compliance.
"In just three years, utilities would have to develop compliance strategies for each plant, engineer solutions on a unit-by-unit basis, obtain required environmental permits, gain state public utility commission regulatory approval, actually procure and install the required technology, test the technology and implement any operational changes, and then demonstrate full compliance," Fanning said.
A study conducted for the Edison Electric Institute by ICF, Fanning testified, concluded that for the U.S. by 2015 over 80,000 megawatts of scrubbers and over 160,000 megawatts of fabric filter baghouses would have to be constructed and almost 80,000 megawatts of current coal capacity would have to be replaced.
"As the CEO of a company that has installed more pollution controls than any other utility," Fanning said, "I tell you that this cannot be done in three years."
Fanning also stressed that the Utility MACT proposal could cost the industry as much as $300 billion over the next five years.
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"My message today is that the reliability and affordability that Americans deserve could be at risk," Fanning said in testimony before the House Subcommittee on Energy and Power in Washington.
The U.S. Environmental Protection Agency has proposed regulation on further reducing air emissions from coal-fired power plants. The new regulation, known as Utility MACT (maximum achievable control technology), covers 125 different types of emissions. The EPA has allowed 60 days for comment.
"This is nearly a thousand-page rule with nearly a thousand more pages of technical supporting documents," Fanning said. "Sixty days is plainly inadequate for the industry to analyze this rule and its effects and offer meaningful comments."
Of greater concern, said Fanning, is the three years mandated for compliance.
"In just three years, utilities would have to develop compliance strategies for each plant, engineer solutions on a unit-by-unit basis, obtain required environmental permits, gain state public utility commission regulatory approval, actually procure and install the required technology, test the technology and implement any operational changes, and then demonstrate full compliance," Fanning said.
A study conducted for the Edison Electric Institute by ICF, Fanning testified, concluded that for the U.S. by 2015 over 80,000 megawatts of scrubbers and over 160,000 megawatts of fabric filter baghouses would have to be constructed and almost 80,000 megawatts of current coal capacity would have to be replaced.
"As the CEO of a company that has installed more pollution controls than any other utility," Fanning said, "I tell you that this cannot be done in three years."
Fanning also stressed that the Utility MACT proposal could cost the industry as much as $300 billion over the next five years.
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Friday, April 8, 2011
Oglethorpe Power Completes Purchase of Combined Cycle Units
/PRNewswire/ -- Oglethorpe Power Corporation today completed the purchase of two natural gas-fired, combined cycle generating units in Murray County, Ga. with the acquisition of KGen Murray I and II, LLC, a wholly owned subsidiary of KGen Power Corporation. The purchase price was approximately $529 million, including working capital and other closing adjustments.
The two Murray units represent an aggregate summer planning reserve generating capacity of about 1,220 megawatts (MW). This brings Oglethorpe Power's total owned generating capacity to approximately 7,048 MW.
The Murray acquisition also includes an existing power purchase and sale agreement with Georgia Power Company for the entire output of Murray I through May 31, 2012. Initially, both units are planned to be operated independently of the other generating facilities owned and operated by Oglethorpe Power but will be integrated into the system as needed.
Oglethorpe Power first disclosed that it was negotiating to purchase some then-unnamed natural gas facilities in October 2010 and followed in January 2011 with an announcement that it had signed a purchase and sale agreement for the Murray units, subject to applicable regulatory approvals and approval by KGen stockholders.
"We couldn't be more pleased with today's acquisition," said Elizabeth B. Higgins, executive vice president and chief financial officer. "This purchase gives Oglethorpe Power and our Member Systems a significant block of generating capacity at a very reasonable cost without the added time and additional expense of constructing a new facility."
In purchasing the Murray units, Oglethorpe Power has now officially canceled construction of a planned 605-megawatt, combined cycle generating plant that was in the siting stage.
Ms. Higgins said Oglethorpe Power expects long-term financing for the Murray units to come primarily from loans guaranteed by the Rural Utilities Service (RUS). Taxable bonds would make up the difference for any amount not funded through the RUS loan program.
Oglethorpe Power Corporation (OPC) is the nation's largest power supply cooperative with more than $7 billion in assets serving 39 Electric Membership Corporations which, collectively, provide electricity to 4.1 million Georgians.
A proponent of conscientious energy development and use, OPC 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 7,048 MW, as well as purchased power.
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The two Murray units represent an aggregate summer planning reserve generating capacity of about 1,220 megawatts (MW). This brings Oglethorpe Power's total owned generating capacity to approximately 7,048 MW.
The Murray acquisition also includes an existing power purchase and sale agreement with Georgia Power Company for the entire output of Murray I through May 31, 2012. Initially, both units are planned to be operated independently of the other generating facilities owned and operated by Oglethorpe Power but will be integrated into the system as needed.
Oglethorpe Power first disclosed that it was negotiating to purchase some then-unnamed natural gas facilities in October 2010 and followed in January 2011 with an announcement that it had signed a purchase and sale agreement for the Murray units, subject to applicable regulatory approvals and approval by KGen stockholders.
"We couldn't be more pleased with today's acquisition," said Elizabeth B. Higgins, executive vice president and chief financial officer. "This purchase gives Oglethorpe Power and our Member Systems a significant block of generating capacity at a very reasonable cost without the added time and additional expense of constructing a new facility."
In purchasing the Murray units, Oglethorpe Power has now officially canceled construction of a planned 605-megawatt, combined cycle generating plant that was in the siting stage.
Ms. Higgins said Oglethorpe Power expects long-term financing for the Murray units to come primarily from loans guaranteed by the Rural Utilities Service (RUS). Taxable bonds would make up the difference for any amount not funded through the RUS loan program.
Oglethorpe Power Corporation (OPC) is the nation's largest power supply cooperative with more than $7 billion in assets serving 39 Electric Membership Corporations which, collectively, provide electricity to 4.1 million Georgians.
A proponent of conscientious energy development and use, OPC 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 7,048 MW, as well as purchased power.
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Wednesday, March 16, 2011
Georgia Power Announces Plans to Decertify Two Coal Generating Units
/PRNewswire/ -- Georgia Power expects to request approval from the Georgia Public Service Commission to decertify two coal-generating units totaling 569 megawatts, the company announced Wednesday.
The request to decertify units 1 and 2 at Plant Branch in Putnam Co. will be included in Georgia Power's updated Integrated Resource Plan filing with the commission in late summer. The company expects to ask for decertification of the units as of the effective dates of the Georgia Multipollutant Rule, which are currently anticipated to be Dec. 31, 2013 for unit 1 and Oct. 1, 2013 for unit 2.
The decision to decertify the units is based on a need to install environmental controls to meet a variety of existing and expected environmental regulations.
"After an extensive analysis of the cost to comply with environmental regulations, we have determined the continued operation of these units would be uneconomical for our customers," said Georgia Power President and CEO Paul Bowers. "This decision is in keeping with our focus to provide affordable and reliable electricity for our customers."
Georgia Power will continue to evaluate existing and expected federal and state environmental rules involving air emissions, water treatment, and coal ash and gypsum to determine the economics of installing additional environmental controls on generating units at other Georgia Power plants, including Plant Branch units 3 and 4.
Georgia Power currently operates 9,686 megawatts of coal-fueled generation at 10 plants across the state.
The commission is expected to vote on the decertification request in spring 2012.
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. The company is an investor-owned, tax-paying utility with rates below the national average. Georgia Power serves 2.3 million customers in all but four of Georgia's 159 counties.
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The request to decertify units 1 and 2 at Plant Branch in Putnam Co. will be included in Georgia Power's updated Integrated Resource Plan filing with the commission in late summer. The company expects to ask for decertification of the units as of the effective dates of the Georgia Multipollutant Rule, which are currently anticipated to be Dec. 31, 2013 for unit 1 and Oct. 1, 2013 for unit 2.
The decision to decertify the units is based on a need to install environmental controls to meet a variety of existing and expected environmental regulations.
"After an extensive analysis of the cost to comply with environmental regulations, we have determined the continued operation of these units would be uneconomical for our customers," said Georgia Power President and CEO Paul Bowers. "This decision is in keeping with our focus to provide affordable and reliable electricity for our customers."
Georgia Power will continue to evaluate existing and expected federal and state environmental rules involving air emissions, water treatment, and coal ash and gypsum to determine the economics of installing additional environmental controls on generating units at other Georgia Power plants, including Plant Branch units 3 and 4.
Georgia Power currently operates 9,686 megawatts of coal-fueled generation at 10 plants across the state.
The commission is expected to vote on the decertification request in spring 2012.
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. The company is an investor-owned, tax-paying utility with rates below the national average. Georgia Power serves 2.3 million customers in all but four of Georgia's 159 counties.
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Wednesday, February 2, 2011
Georgia Power and EPRI to Study Solar PV Installation on Power Lines
/PRNewswire/ -- Georgia Power and the Electric Power Research Institute (EPRI) are conducting an 18-month study to evaluate how solar photovoltaic (PV) power systems may affect the utility's distribution system.
Fifty PV systems are being installed in seven cities around the state. Seven-to-eight small systems will be installed on one distribution line in each city. Sites were identified based on a number of environmental parameters. Selecting cities around the state will allow evaluation of a variety of conditions such as temperature, cloud cover and solar intensity.
EPRI will monitor each module's power output and sunlight input at one- second intervals for the entire 18 months to determine how much electricity they generate and how well they perform under diverse weather conditions. The panels will remain in place at the end of the project and Georgia Power will continue to monitor long-term results. This research will help to:
* Identify the effects, if any, on operation of Georgia Power's distribution system
* Understand the feasibility of widespread solar PV installations on distribution lines
* Determine ranges for overall PV performance in Georgia
* Characterize and compare variable issues such as passing clouds
Each panel is about 3-by-5 feet in size, and able to generate about 200 watts of electricity.
"An installation of this size will not create a noticeable increase in the amount of energy on our distribution system," says Scott Gentry, Georgia Power's distributed generation services project manager and coordinator for this project. "However, the data we collect from each module will provide useful information on PV generation as it relates to the utilities grid."
PV panels have been installed in Rome, Valdosta, Macon, Augusta, Columbus, Savannah and Conley. EPRI will own the panels while Georgia Power does the installation.
Solar power uses PV cells to convert sunlight directly into electricity. When sunlight strikes a PV cell, electrons are dislodged, creating an electrical current.
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.
The Electric Power Research Institute, Inc. (EPRI) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, health, safety and the environment. EPRI also provides technology, policy and economic analyses to drive long-range research and development planning, and supports research in emerging technologies. EPRI's members represent more than 90 percent of the electricity generated and delivered in the United States, and international participation extends to 40 countries. EPRI's principal offices and laboratories are located in Palo Alto, Calif.; Charlotte, N.C.; Knoxville, Tenn.; and Lenox, Mass.
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Fifty PV systems are being installed in seven cities around the state. Seven-to-eight small systems will be installed on one distribution line in each city. Sites were identified based on a number of environmental parameters. Selecting cities around the state will allow evaluation of a variety of conditions such as temperature, cloud cover and solar intensity.
EPRI will monitor each module's power output and sunlight input at one- second intervals for the entire 18 months to determine how much electricity they generate and how well they perform under diverse weather conditions. The panels will remain in place at the end of the project and Georgia Power will continue to monitor long-term results. This research will help to:
* Identify the effects, if any, on operation of Georgia Power's distribution system
* Understand the feasibility of widespread solar PV installations on distribution lines
* Determine ranges for overall PV performance in Georgia
* Characterize and compare variable issues such as passing clouds
Each panel is about 3-by-5 feet in size, and able to generate about 200 watts of electricity.
"An installation of this size will not create a noticeable increase in the amount of energy on our distribution system," says Scott Gentry, Georgia Power's distributed generation services project manager and coordinator for this project. "However, the data we collect from each module will provide useful information on PV generation as it relates to the utilities grid."
PV panels have been installed in Rome, Valdosta, Macon, Augusta, Columbus, Savannah and Conley. EPRI will own the panels while Georgia Power does the installation.
Solar power uses PV cells to convert sunlight directly into electricity. When sunlight strikes a PV cell, electrons are dislodged, creating an electrical current.
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.
The Electric Power Research Institute, Inc. (EPRI) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, health, safety and the environment. EPRI also provides technology, policy and economic analyses to drive long-range research and development planning, and supports research in emerging technologies. EPRI's members represent more than 90 percent of the electricity generated and delivered in the United States, and international participation extends to 40 countries. EPRI's principal offices and laboratories are located in Palo Alto, Calif.; Charlotte, N.C.; Knoxville, Tenn.; and Lenox, Mass.
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Tuesday, February 1, 2011
Georgia Power Strikes Solar Power Deal With Dalton Utilities
/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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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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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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Tuesday, January 25, 2011
ArcLight Teams With GE and Singapore's GIC to Form Largest Fully Independent Power Producer in US Southeast
/PRNewswire/ -- ArcLight Capital Partners, LLC ("ArcLight"), GE Energy Financial Services, a unit of GE (NYSE: GE), and the Government of Singapore Investment Corporation Pte Ltd ("GIC") announced today they have agreed to become partners in five Georgia natural gas-fired power plants that together make up the largest fully independent power producer in the southeastern United States. The GE unit and GIC will each acquire 24.95 percent of the portfolio from an affiliate of ArcLight, now its sole owner. An affiliate of ArcLight will retain 50.10 percent.
Financial details of the transaction were not disclosed. The closing of the transaction remains subject to approval by the Federal Energy Regulatory Commission and Committee on Foreign Investment in the United States and is expected to occur toward the end of the first quarter of 2011.
The plants, located throughout Georgia, comprise a combined cycle facility and four single-cycle peaking facilities, each of which is less than 10 years old. Together, they are capable of generating more than 2,500 megawatts of power, in several cases using GE gas-fired turbines. All five facilities, critical to the regional power supply and grid stability, are contracted under long-term agreements to investment-grade counterparties and are managed by Consolidated Asset Management Services, an ArcLight affiliate.
The portfolio comprises:
* Monroe – a 320-megawatt plant in Monroe, 50 miles east of Atlanta
* Walton – a 450-megawatt plant in Monroe, adjacent to the Monroe plant
* Washington – a 602-megawatt plant in Linton, 50 miles east of Macon
* Sandersville – a 640-megawatt plant in Sandersville, seven miles from the Washington plant
* Effingham – a 515-megawatt plant in Rincon, 20 miles north of Savannah
The portfolio is well positioned to benefit from the macroeconomic recovery and more stringent energy and carbon legislation as well as the boom in production of unconventional natural gas in the United States. In addition, the portfolio will support additional infrastructure investment in the region to meet the demand for power and accommodate the power supply reconfiguration expected to unfold over the next decade.
"Since the initial investment in this portfolio in 2007, ArcLight and CAMS have developed a strong track record of operational success and commercial reliability in a promising regional market," said Dan Revers, Managing Partner of ArcLight. "We are excited about the opportunity to partner with these two highly respected and valued-added investors, and we look forward to working closely with GE and GIC to maximize value across the portfolio and platform."
ArcLight has completed several transactions with GE Energy Financial Services, including the GE unit's lead lending of $98 million in senior secured credit facilities for the Sandersville power plant.
"This transaction enables us to deepen our relationship with ArcLight, establish ties with an important new partner, GIC, and work together on an attractive set of assets in a core focus area, thermal power generation," said Kevin Walsh, managing director and leader of Power and Renewables at GE Energy Financial Services.
"This is an attractive portfolio of contracted power generation facilities in a region experiencing an increasing demand for low carbon, efficient power. The completion of this transaction complements our growing portfolio of infrastructure investments in the US. We are delighted to have ArcLight and GE, who have extensive experience in owning and operating similar assets, as our partners in this deal," said Mr. Ang Eng Seng, Global Head of GIC's Infrastructure Group.
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Financial details of the transaction were not disclosed. The closing of the transaction remains subject to approval by the Federal Energy Regulatory Commission and Committee on Foreign Investment in the United States and is expected to occur toward the end of the first quarter of 2011.
The plants, located throughout Georgia, comprise a combined cycle facility and four single-cycle peaking facilities, each of which is less than 10 years old. Together, they are capable of generating more than 2,500 megawatts of power, in several cases using GE gas-fired turbines. All five facilities, critical to the regional power supply and grid stability, are contracted under long-term agreements to investment-grade counterparties and are managed by Consolidated Asset Management Services, an ArcLight affiliate.
The portfolio comprises:
* Monroe – a 320-megawatt plant in Monroe, 50 miles east of Atlanta
* Walton – a 450-megawatt plant in Monroe, adjacent to the Monroe plant
* Washington – a 602-megawatt plant in Linton, 50 miles east of Macon
* Sandersville – a 640-megawatt plant in Sandersville, seven miles from the Washington plant
* Effingham – a 515-megawatt plant in Rincon, 20 miles north of Savannah
The portfolio is well positioned to benefit from the macroeconomic recovery and more stringent energy and carbon legislation as well as the boom in production of unconventional natural gas in the United States. In addition, the portfolio will support additional infrastructure investment in the region to meet the demand for power and accommodate the power supply reconfiguration expected to unfold over the next decade.
"Since the initial investment in this portfolio in 2007, ArcLight and CAMS have developed a strong track record of operational success and commercial reliability in a promising regional market," said Dan Revers, Managing Partner of ArcLight. "We are excited about the opportunity to partner with these two highly respected and valued-added investors, and we look forward to working closely with GE and GIC to maximize value across the portfolio and platform."
ArcLight has completed several transactions with GE Energy Financial Services, including the GE unit's lead lending of $98 million in senior secured credit facilities for the Sandersville power plant.
"This transaction enables us to deepen our relationship with ArcLight, establish ties with an important new partner, GIC, and work together on an attractive set of assets in a core focus area, thermal power generation," said Kevin Walsh, managing director and leader of Power and Renewables at GE Energy Financial Services.
"This is an attractive portfolio of contracted power generation facilities in a region experiencing an increasing demand for low carbon, efficient power. The completion of this transaction complements our growing portfolio of infrastructure investments in the US. We are delighted to have ArcLight and GE, who have extensive experience in owning and operating similar assets, as our partners in this deal," said Mr. Ang Eng Seng, Global Head of GIC's Infrastructure Group.
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Monday, January 24, 2011
Southern Company and Ted Turner Energize Cimarron Solar Facility
/PRNewswire/ -- The clean and plentiful sunshine of New Mexico is now producing electricity for some 9,000 homes as the Cimarron Solar Facility has begun commercial operation. At 30 megawatts, Cimarron is among the nation's largest solar photovoltaic plants.
The facility is the first resulting from the partnership between Southern Company (NYSE: SO) and Ted Turner and will supply power to the member electric cooperatives of Denver-based Tri-State Generation and Transmission Association. Tempe, Ariz.-based First Solar, Inc., (Nasdaq: FSLR) developed and constructed the facility and will provide operation and maintenance services under a long-term contract.
"This is a key milestone for Southern Company as we steadily incorporate more renewables into our energy portfolio," said Southern Company Chairman, President and CEO Tom Fanning. "Renewables, along with new nuclear, increased energy efficiency, 21st century coal technology and additional natural gas, all will be crucial to meeting this nation's growing energy demand."
Fanning also noted that New Mexico, with its abundant solar resources, was an ideal location to establish the company's first commercial-scale solar operation.
The 364-acre plant site is located within the service territory of Tri-State member system Springer Electric Cooperative in Colfax County, N.M., and is adjacent to Turner's Vermejo Park Ranch.
Southern Company and Turner Renewable Energy acquired the project from First Solar in March 2010. Turner Renewable Energy is a wholly owned subsidiary of Turner Enterprises with a focus on development of commercial-scale solar projects.
"We are very excited to see this project completed and producing clean solar energy to power homes and businesses in New Mexico," said Turner. "Large-scale solar generation is among the fastest growing energy sources in the world, and we're pleased that we can be a part of that growth."
Initially expected to go on line by the end of 2010, the facility was completed in eight months and began commercial operation in early December, nearly a month ahead of schedule. More than 300 workers were employed to construct the plant, which uses approximately 500,000 2'x 4' advanced thin film photovoltaic modules manufactured by First Solar.
"The Cimarron Solar Facility demonstrates First Solar's capabilities in utility scale projects," said Frank De Rosa, First Solar Senior Vice President of Project Development, North America. "Integrating technology, manufacturing, project development and engineering, procurement and construction expertise enables First Solar to be a leader in sustainable energy development."
Electricity generated by the plant will serve a 25-year power purchase agreement with Tri-State Generation and Transmission Association, a not-for-profit wholesale power supplier to 44 electric cooperatives serving 1.5 million consumers across Colorado, Nebraska, New Mexico and Wyoming. The project further expands Tri-State's focus on providing renewable generation for its members, as the association also announced late last year that its Kit Carson Windpower Project began commercial operation in eastern Colorado.
"The Cimarron Solar Facility is another example of our ability to harness and utilize the abundant natural resources that are available to us in the West," said Ken Anderson, Tri-State's executive vice president and general manager. "Working with our partners, we have made a significant technology investment in the rural communities we serve, while further diversifying Tri-State's renewable resource mix."
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The facility is the first resulting from the partnership between Southern Company (NYSE: SO) and Ted Turner and will supply power to the member electric cooperatives of Denver-based Tri-State Generation and Transmission Association. Tempe, Ariz.-based First Solar, Inc., (Nasdaq: FSLR) developed and constructed the facility and will provide operation and maintenance services under a long-term contract.
"This is a key milestone for Southern Company as we steadily incorporate more renewables into our energy portfolio," said Southern Company Chairman, President and CEO Tom Fanning. "Renewables, along with new nuclear, increased energy efficiency, 21st century coal technology and additional natural gas, all will be crucial to meeting this nation's growing energy demand."
Fanning also noted that New Mexico, with its abundant solar resources, was an ideal location to establish the company's first commercial-scale solar operation.
The 364-acre plant site is located within the service territory of Tri-State member system Springer Electric Cooperative in Colfax County, N.M., and is adjacent to Turner's Vermejo Park Ranch.
Southern Company and Turner Renewable Energy acquired the project from First Solar in March 2010. Turner Renewable Energy is a wholly owned subsidiary of Turner Enterprises with a focus on development of commercial-scale solar projects.
"We are very excited to see this project completed and producing clean solar energy to power homes and businesses in New Mexico," said Turner. "Large-scale solar generation is among the fastest growing energy sources in the world, and we're pleased that we can be a part of that growth."
Initially expected to go on line by the end of 2010, the facility was completed in eight months and began commercial operation in early December, nearly a month ahead of schedule. More than 300 workers were employed to construct the plant, which uses approximately 500,000 2'x 4' advanced thin film photovoltaic modules manufactured by First Solar.
"The Cimarron Solar Facility demonstrates First Solar's capabilities in utility scale projects," said Frank De Rosa, First Solar Senior Vice President of Project Development, North America. "Integrating technology, manufacturing, project development and engineering, procurement and construction expertise enables First Solar to be a leader in sustainable energy development."
Electricity generated by the plant will serve a 25-year power purchase agreement with Tri-State Generation and Transmission Association, a not-for-profit wholesale power supplier to 44 electric cooperatives serving 1.5 million consumers across Colorado, Nebraska, New Mexico and Wyoming. The project further expands Tri-State's focus on providing renewable generation for its members, as the association also announced late last year that its Kit Carson Windpower Project began commercial operation in eastern Colorado.
"The Cimarron Solar Facility is another example of our ability to harness and utilize the abundant natural resources that are available to us in the West," said Ken Anderson, Tri-State's executive vice president and general manager. "Working with our partners, we have made a significant technology investment in the rural communities we serve, while further diversifying Tri-State's renewable resource mix."
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Thursday, October 14, 2010
Prevent vampires from wasting energy in your home
Just like a vampire can steal energy from an unsuspecting victim, an idle home appliance can bleed power from a home and unnecessarily add to its electric bill.
Did you unplug the coffeemaker before you left home this morning? If not, it is still pulling a small amount of electricity. This is called “phantom” or “vampire” energy. Most small appliances do not use a lot of electricity while still plugged in or in standby mode, but there use is being recorded. You will pay for those watts of electricity.
A phone charger, for example, plugged in with no cell phone attached uses phantom energy. Computers, printers, hard drives and monitors all still pull electricity while plugged in and not being used.
The best way to stop this phantom energy waste is to use a power strip or surge protector. By plugging electronics into these, you can turn off the power to the strip or protector and eliminate the flow of electricity.
To reduce the electricity used by a computer, turn it and its monitor off if you’re not going to use it for more than two hours. If you’re not going to use the monitor for more than 20 minutes, turn it off.
There is a surge of electricity when your computer is initially turned on, but overall it’s much less than the electricity used when the computer is in standby mode. Another misconception is that screen savers are energy savers. Many screen savers actually use more energy than if the computer was on without a screen saver in place.
To save energy, purchase Energy Star® computers and other appliances. These appliances and electronics carry the Energy Star logo.
As with all energy-saving tips, apply the ideas that make sense for your household. If you have to reprogram television or cable remotes every time you unplug the television, DVD player or cable box, this may result in too much time or too much of an inconvenience for you.
Working together, families can do simple things like turn off lights when they leave a room or unplug small appliances that are not being used. Replacing light bulbs with compact florescent bulbs can save energy, too. CFL bulbs cost a little more than traditional bulbs, but they last five to seven years.
For more energy-savings tips, contact your local University of Georgia Cooperative Extension office at 1-800-ASK-UGA1, or your local power provider.
By Jackie Dallas
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Did you unplug the coffeemaker before you left home this morning? If not, it is still pulling a small amount of electricity. This is called “phantom” or “vampire” energy. Most small appliances do not use a lot of electricity while still plugged in or in standby mode, but there use is being recorded. You will pay for those watts of electricity.
A phone charger, for example, plugged in with no cell phone attached uses phantom energy. Computers, printers, hard drives and monitors all still pull electricity while plugged in and not being used.
The best way to stop this phantom energy waste is to use a power strip or surge protector. By plugging electronics into these, you can turn off the power to the strip or protector and eliminate the flow of electricity.
To reduce the electricity used by a computer, turn it and its monitor off if you’re not going to use it for more than two hours. If you’re not going to use the monitor for more than 20 minutes, turn it off.
There is a surge of electricity when your computer is initially turned on, but overall it’s much less than the electricity used when the computer is in standby mode. Another misconception is that screen savers are energy savers. Many screen savers actually use more energy than if the computer was on without a screen saver in place.
To save energy, purchase Energy Star® computers and other appliances. These appliances and electronics carry the Energy Star logo.
As with all energy-saving tips, apply the ideas that make sense for your household. If you have to reprogram television or cable remotes every time you unplug the television, DVD player or cable box, this may result in too much time or too much of an inconvenience for you.
Working together, families can do simple things like turn off lights when they leave a room or unplug small appliances that are not being used. Replacing light bulbs with compact florescent bulbs can save energy, too. CFL bulbs cost a little more than traditional bulbs, but they last five to seven years.
For more energy-savings tips, contact your local University of Georgia Cooperative Extension office at 1-800-ASK-UGA1, or your local power provider.
By Jackie Dallas
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Tuesday, July 13, 2010
ArcLight Acquires 640-MW Georgia Power Plant with $98 Million in Financing Led by GE Energy Financial Services
-(BUSINESS WIRE)--ArcLight Capital Partners, LLC, through its wholly-owned affiliate AL Sandersville Holdings, LLC, has acquired a 640-megawatt generation facility located in Sandersville, Georgia from KGen Power Corporation for $130 million. GE Energy Financial Services, a unit of GE (NYSE: GE), closed financing as the lead lender of the $98 million in senior secured credit facilities partially financing the acquisition.
Built in 2002, using eight 80-megawatt GE simple-cycle gas turbines, the Sandersville plant supplies power into the southeastern power market, particularly Georgia, during periods of peak demand or supply volatility. Sandersville is strategically located near four other facilities in Georgia owned by ArcLight through its affiliate Mackinaw Power, LLC, which have an aggregate capacity of 1,887 megawatts. Combined with Sandersville, this portfolio represents a more than 2,500-megawatt strategic platform making it the second largest independent power producer in the state, with the capacity to meet the peak demand of a city with a population of 450,000.
“This asset is an important addition to our southeast gas power generation facility portfolio that is well positioned to benefit from the current macroeconomic recovery and pending energy and carbon legislation, as well as the unconventional gas boom in the US," said Dan Revers, Managing Partner of ArcLight.
GE Energy Financial Services’ affiliate, GE Capital Markets, Inc., acted as sole lead arranger. Siemens Financial Services, Inc. joined GE Energy Financial Services in providing the $98 million in credit facilities comprised of a $78 million term loan and a $20 million letter of credit. Additional financial details of the transaction were not disclosed.
“This transaction demonstrates GE Energy Financial Services’ deep expertise in power markets across the United States to provide debt financing for customers throughout the energy sector,” said Matt O’Connor, Managing Director, Financial Institutions Group at GE Energy Financial Services. “We applied our energy expertise to assess the southeastern power market which allowed us to structure and lead arrange this financing in a way that helps ArcLight grow and continue meeting power demand in the region.”
With approximately 50 dedicated professionals focused on debt products and services, GE Energy Financial Services provides structured, project and acquisition debt, revolving credit facilities, and corporate loans. The GE unit has a debt portfolio of nearly $7 billion, spanning power, oilfield services, pipelines, gas storage, refining, exploration and production, mining and fuel distribution. GE Capital Markets, Inc. provides arranging and syndication for many of these facilities.
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Built in 2002, using eight 80-megawatt GE simple-cycle gas turbines, the Sandersville plant supplies power into the southeastern power market, particularly Georgia, during periods of peak demand or supply volatility. Sandersville is strategically located near four other facilities in Georgia owned by ArcLight through its affiliate Mackinaw Power, LLC, which have an aggregate capacity of 1,887 megawatts. Combined with Sandersville, this portfolio represents a more than 2,500-megawatt strategic platform making it the second largest independent power producer in the state, with the capacity to meet the peak demand of a city with a population of 450,000.
“This asset is an important addition to our southeast gas power generation facility portfolio that is well positioned to benefit from the current macroeconomic recovery and pending energy and carbon legislation, as well as the unconventional gas boom in the US," said Dan Revers, Managing Partner of ArcLight.
GE Energy Financial Services’ affiliate, GE Capital Markets, Inc., acted as sole lead arranger. Siemens Financial Services, Inc. joined GE Energy Financial Services in providing the $98 million in credit facilities comprised of a $78 million term loan and a $20 million letter of credit. Additional financial details of the transaction were not disclosed.
“This transaction demonstrates GE Energy Financial Services’ deep expertise in power markets across the United States to provide debt financing for customers throughout the energy sector,” said Matt O’Connor, Managing Director, Financial Institutions Group at GE Energy Financial Services. “We applied our energy expertise to assess the southeastern power market which allowed us to structure and lead arrange this financing in a way that helps ArcLight grow and continue meeting power demand in the region.”
With approximately 50 dedicated professionals focused on debt products and services, GE Energy Financial Services provides structured, project and acquisition debt, revolving credit facilities, and corporate loans. The GE unit has a debt portfolio of nearly $7 billion, spanning power, oilfield services, pipelines, gas storage, refining, exploration and production, mining and fuel distribution. GE Capital Markets, Inc. provides arranging and syndication for many of these facilities.
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Wednesday, May 26, 2010
GreyStone Power Corporation Enters Into $600 Million + Power Purchase and Scheduling Agent Services Agreement with Morgan Stanley Capital Group
/PRNewswire/ -- On May 12, 2010, the Board of Directors of GreyStone Power Corporation ("GreyStone") approved a five-year Power Purchase and Scheduling Agent Services Agreement with Morgan Stanley Capital Group. The Agreement is valued at more than $600 million.
Background
GreyStone is a member-owned, non-profit rural electric distribution cooperative located on the west side of Atlanta serving portions of eight metropolitan Atlanta counties. Its main office is located at 4040 Bankhead Highway, Douglasville, GA 30134.
GreyStone is one of the largest members of Oglethorpe Power Corporation, the generation supplier from which GreyStone purchases most of its power needs. Under its agreement with Oglethorpe, GreyStone is permitted to procure its remaining power requirements from competitive wholesale power suppliers if it so chooses.
Morgan Stanley Capital Group is a subsidiary of Morgan Stanley and is engaged in wholesale sales and purchases of electricity throughout the United States, including Georgia. Morgan Stanley has been an active participant in the Georgia market for a number of years.
GreyStone conducted a competitive procurement beginning in January by issuing a form of agreement to a selected list of potential power suppliers. GreyStone negotiated an agreement with each potential power supplier and asked each to price their respective agreement. GreyStone selected Morgan Stanley from the competing power suppliers based on the consideration of price and contract terms.
The Power Purchase and Scheduling Agent Services Agreement
The agreement provides that Morgan Stanley will schedule the energy from GreyStone's resources or provide power from the market, whichever is more economical, to serve all of GreyStone's load.
The agreement will allow GreyStone to adapt to changing legal, public policy and regulatory requirements, and to purchase renewable and alternative energy, and implement demand response, net metering and other new technologies.
Gary Miller, the President and Chief Executive officer of GreyStone, stated: "We selected Morgan Stanley after an extensive and competitive procurement process in which we sought the best combination of price and contract terms. We were pleased with Morgan Stanley's willingness to work with us and believe we have obtained a well priced agreement for GreyStone's members that also provides flexibility to adapt to changing circumstances in the future."
Alex Tolstykh, Managing Director and Head of Southeast/Mid-West Power and Gas at Morgan Stanley said: "We are excited to be selected as supplier to GreyStone and look forward to doing a great job serving GreyStone's power needs during the contract and beyond."
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Background
GreyStone is a member-owned, non-profit rural electric distribution cooperative located on the west side of Atlanta serving portions of eight metropolitan Atlanta counties. Its main office is located at 4040 Bankhead Highway, Douglasville, GA 30134.
GreyStone is one of the largest members of Oglethorpe Power Corporation, the generation supplier from which GreyStone purchases most of its power needs. Under its agreement with Oglethorpe, GreyStone is permitted to procure its remaining power requirements from competitive wholesale power suppliers if it so chooses.
Morgan Stanley Capital Group is a subsidiary of Morgan Stanley and is engaged in wholesale sales and purchases of electricity throughout the United States, including Georgia. Morgan Stanley has been an active participant in the Georgia market for a number of years.
GreyStone conducted a competitive procurement beginning in January by issuing a form of agreement to a selected list of potential power suppliers. GreyStone negotiated an agreement with each potential power supplier and asked each to price their respective agreement. GreyStone selected Morgan Stanley from the competing power suppliers based on the consideration of price and contract terms.
The Power Purchase and Scheduling Agent Services Agreement
The agreement provides that Morgan Stanley will schedule the energy from GreyStone's resources or provide power from the market, whichever is more economical, to serve all of GreyStone's load.
The agreement will allow GreyStone to adapt to changing legal, public policy and regulatory requirements, and to purchase renewable and alternative energy, and implement demand response, net metering and other new technologies.
Gary Miller, the President and Chief Executive officer of GreyStone, stated: "We selected Morgan Stanley after an extensive and competitive procurement process in which we sought the best combination of price and contract terms. We were pleased with Morgan Stanley's willingness to work with us and believe we have obtained a well priced agreement for GreyStone's members that also provides flexibility to adapt to changing circumstances in the future."
Alex Tolstykh, Managing Director and Head of Southeast/Mid-West Power and Gas at Morgan Stanley said: "We are excited to be selected as supplier to GreyStone and look forward to doing a great job serving GreyStone's power needs during the contract and beyond."
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Wednesday, December 2, 2009
Outdoor Power Equipment Institute Deeply Concerned About EPA Ethanol Statement, Neglects to Address Impact on Millions of Small Engine Equipment
(BUSINESS WIRE)--The Outdoor Power Equipment Institute (OPEI) today announced that it remains concerned by the Environmental Protection Agency’s (EPA) response to the Growth Energy waiver on 15 percent ethanol as it overlooks the impact on hundreds of millions of outdoor power equipment used by consumers, such as utility vehicles, lawnmowers, chainsaws, snow throwers and other affected equipment, including boats, ATVs, motorcycles and snow mobiles.
“EPA’s letter basically addressed the consideration of E15 for newer automobiles, but ignores the substantial non-automobile product families and the economic and safety issues related to their use,” said Kris Kiser, Executive Vice President at OPEI. “However, we’re pleased that EPA acknowledges more testing is needed.”
Department of Energy testing of mid-level ethanol blends on outdoor power equipment engines demonstrated performance irregularities and failure on tested product. “Should EPA allow higher levels for newer autos, we still face a daunting task of educating millions of consumers and labeling pumps to prevent possible mis-fueling that could potentially harm engine equipment and its users,” added Kiser.
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“EPA’s letter basically addressed the consideration of E15 for newer automobiles, but ignores the substantial non-automobile product families and the economic and safety issues related to their use,” said Kris Kiser, Executive Vice President at OPEI. “However, we’re pleased that EPA acknowledges more testing is needed.”
Department of Energy testing of mid-level ethanol blends on outdoor power equipment engines demonstrated performance irregularities and failure on tested product. “Should EPA allow higher levels for newer autos, we still face a daunting task of educating millions of consumers and labeling pumps to prevent possible mis-fueling that could potentially harm engine equipment and its users,” added Kiser.
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Tuesday, November 10, 2009
Southern Company Breaks Ground on Biomass Plant
/PRNewswire/ -- Southern Power, the Southern Company subsidiary that acquires, builds, manages and owns wholesale generation assets, today took a major step in building one of the nation's largest biomass-fueled projects with a groundbreaking ceremony in Sacul, Texas.
"Southern Company continues to develop and deploy smarter and cleaner energy technologies, including increased energy efficiency, nuclear power, clean coal and renewables," said David Ratcliffe, Southern Company chairman, president and CEO. "This project represents another step in developing a diverse portfolio to meet the nation's growing energy demands."
"This is an exciting time for Southern Power as we expand our presence in the wholesale market and diversify our fuel mix with a renewable resource," said Southern Power President Ronnie Bates. "Southern Power has a reputation of helping its customers meet their energy needs in cost-effective, reliable and environmentally responsible manner and we're pleased to be a partner with Austin Energy on a project that supports their environmental goals."
Southern Power acquired the 100-megawatt project -- the Nacogdoches Generating Facility -- from American Renewables, LLC on Oct. 9, noting at the time that it would move ahead with construction and bring the plant on line in the summer of 2012. The plant's output is committed to Austin Energy in a 20-year agreement that will help the city of Austin, Texas, meet a 30-percent renewable energy goal.
As a Southern Company subsidiary, Southern Power supports the parent company's commitments to corporate responsibility, which include generating affordable and reliable electricity and reducing environmental impact. Southern Company has invested about $6.3 billion in environmental controls and plans to spend an additional $3.1 billion through 2011 to further reduce emissions of nitrogen oxide, sulfur dioxide and mercury.
The company is committed to finding solutions to environmental issues that make technological, environmental, and economic sense.
The Nacogdoches plant is one of two Southern Company biomass projects. The Georgia Public Service Commission in March approved Georgia Power's application to convert its 96 megawatt Plant Mitchell near Albany, Ga., to biomass. Georgia Power is the Atlanta-based Southern Company subsidiary serving 2.25 million customers in 155 of Georgia's 159 counties.
Southern Company is evaluating the feasibility of converting five additional coal plants to biomass as well.
Construction of the Nacogdoches facility will take about 32 months and will generate about 300 construction jobs. Approximately 40 permanent jobs will be created to operate the plant.
Total cost of the project will be between $475 million and $500 million. The plant, which will be built on 165 acres, will be fueled with biomass materials, including forest residue from the surrounding areas, wood processing residues and clean municipal wood waste. The project will require approximately 1 million tons of fuel annually, which is planned to be procured within a 75-mile radius of the project site.
Southern Power is among the largest wholesale energy providers in the Southeast, meeting the electricity needs of municipalities, electric cooperatives and investor-owned utilities. The company owns and operates more than 7,500 megawatts with facilities in Alabama, Florida, Georgia and North Carolina and has an additional 820 megawatts committed to construction in North Carolina and Texas.
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"Southern Company continues to develop and deploy smarter and cleaner energy technologies, including increased energy efficiency, nuclear power, clean coal and renewables," said David Ratcliffe, Southern Company chairman, president and CEO. "This project represents another step in developing a diverse portfolio to meet the nation's growing energy demands."
"This is an exciting time for Southern Power as we expand our presence in the wholesale market and diversify our fuel mix with a renewable resource," said Southern Power President Ronnie Bates. "Southern Power has a reputation of helping its customers meet their energy needs in cost-effective, reliable and environmentally responsible manner and we're pleased to be a partner with Austin Energy on a project that supports their environmental goals."
Southern Power acquired the 100-megawatt project -- the Nacogdoches Generating Facility -- from American Renewables, LLC on Oct. 9, noting at the time that it would move ahead with construction and bring the plant on line in the summer of 2012. The plant's output is committed to Austin Energy in a 20-year agreement that will help the city of Austin, Texas, meet a 30-percent renewable energy goal.
As a Southern Company subsidiary, Southern Power supports the parent company's commitments to corporate responsibility, which include generating affordable and reliable electricity and reducing environmental impact. Southern Company has invested about $6.3 billion in environmental controls and plans to spend an additional $3.1 billion through 2011 to further reduce emissions of nitrogen oxide, sulfur dioxide and mercury.
The company is committed to finding solutions to environmental issues that make technological, environmental, and economic sense.
The Nacogdoches plant is one of two Southern Company biomass projects. The Georgia Public Service Commission in March approved Georgia Power's application to convert its 96 megawatt Plant Mitchell near Albany, Ga., to biomass. Georgia Power is the Atlanta-based Southern Company subsidiary serving 2.25 million customers in 155 of Georgia's 159 counties.
Southern Company is evaluating the feasibility of converting five additional coal plants to biomass as well.
Construction of the Nacogdoches facility will take about 32 months and will generate about 300 construction jobs. Approximately 40 permanent jobs will be created to operate the plant.
Total cost of the project will be between $475 million and $500 million. The plant, which will be built on 165 acres, will be fueled with biomass materials, including forest residue from the surrounding areas, wood processing residues and clean municipal wood waste. The project will require approximately 1 million tons of fuel annually, which is planned to be procured within a 75-mile radius of the project site.
Southern Power is among the largest wholesale energy providers in the Southeast, meeting the electricity needs of municipalities, electric cooperatives and investor-owned utilities. The company owns and operates more than 7,500 megawatts with facilities in Alabama, Florida, Georgia and North Carolina and has an additional 820 megawatts committed to construction in North Carolina and Texas.
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Wednesday, November 4, 2009
Vendor Information Meetings Set for Plant Vogtle 3 and 4
Georgia Power, Southern Nuclear and The Shaw Group will host several supplier information meetings to familiarize local vendors with the procurement process for the new construction at Plant Vogtle.
Meetings are being held in the following locations: Waynesboro, Augusta, Savannah and Atlanta.
-- The Waynesboro meeting will be held Dec. 1 at 7:00 p.m. at Burke
County High School located at 1057 Burke Veterans Parkway in
Waynesboro.
-- The Augusta meeting will be held Dec. 3 at 7:00 p.m. at the Augusta
Marriott Hotel and Suites located at Two 10th Street in Augusta.
At these sessions potential suppliers will learn more about the construction project and find out about available opportunities to provide products, materials and services to support construction.
Participants must register in advance at http://www.georgiapower.com/supplier/ . Space is limited on a first-come, first-serve basis.
Similar sessions will also be held in Savannah on Jan. 19, 2010, at the Savannah Marriott Riverfront Hotel and in Atlanta at the Georgia Power Corporate Headquarters on Jan. 27 and 28. Specific information on those meetings can also be found at the Web site.
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.
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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Meetings are being held in the following locations: Waynesboro, Augusta, Savannah and Atlanta.
-- The Waynesboro meeting will be held Dec. 1 at 7:00 p.m. at Burke
County High School located at 1057 Burke Veterans Parkway in
Waynesboro.
-- The Augusta meeting will be held Dec. 3 at 7:00 p.m. at the Augusta
Marriott Hotel and Suites located at Two 10th Street in Augusta.
At these sessions potential suppliers will learn more about the construction project and find out about available opportunities to provide products, materials and services to support construction.
Participants must register in advance at http://www.georgiapower.com/supplier/ . Space is limited on a first-come, first-serve basis.
Similar sessions will also be held in Savannah on Jan. 19, 2010, at the Savannah Marriott Riverfront Hotel and in Atlanta at the Georgia Power Corporate Headquarters on Jan. 27 and 28. Specific information on those meetings can also be found at the Web site.
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.
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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Wednesday, October 28, 2009
Southern Company Awarded $165 Million to Advance Smart Grid Initiatives
/PRNewswire/ -- Southern Company yesterday announced that it has been awarded a $165 million in stimulus funds as part of President Obama's plan to invest $3.4 billion to spur transition to a smarter energy grid.
"As an industry leader in developing and deploying new technologies, Southern Company is pleased to be among those selected to advance this critical investment in our nation's electric infrastructure," said Southern Company Chairman, President and CEO David Ratcliffe. "These funds will be used to augment the company's robust investment in grid reliability, already among the nation's best, and make it more efficient and secure."
Southern Company received the grant to integrate smart-grid technology into its transmission and distribution system that can:
-- Reduce the loss of electricity as it moves from the generating plant
to homes and businesses; reducing delivery losses can have a direct
environmental and economic impact by increasing efficiency and
reducing carbon emissions
-- Better locate the area of an outage before dispatching crews, reducing
outage time for customers
-- Improve monitoring and control capabilities of the system while
enhancing proven grid reliability
For example, line devices with two-way communication will be installed to enable system operators to isolate faulted lines remotely. Moreover, some of these devices will be placed in self-healing network schemes that will automatically isolate trouble areas and then restore power to unaffected portions of the circuit, all without operator intervention.
The company will match the $165 million in funding as part of an initiative across Southern Company's service territory that spans the states of Alabama, Florida, Georgia and Mississippi.
The grant awarded to Southern Company was among the top 10 made by the administration.
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"As an industry leader in developing and deploying new technologies, Southern Company is pleased to be among those selected to advance this critical investment in our nation's electric infrastructure," said Southern Company Chairman, President and CEO David Ratcliffe. "These funds will be used to augment the company's robust investment in grid reliability, already among the nation's best, and make it more efficient and secure."
Southern Company received the grant to integrate smart-grid technology into its transmission and distribution system that can:
-- Reduce the loss of electricity as it moves from the generating plant
to homes and businesses; reducing delivery losses can have a direct
environmental and economic impact by increasing efficiency and
reducing carbon emissions
-- Better locate the area of an outage before dispatching crews, reducing
outage time for customers
-- Improve monitoring and control capabilities of the system while
enhancing proven grid reliability
For example, line devices with two-way communication will be installed to enable system operators to isolate faulted lines remotely. Moreover, some of these devices will be placed in self-healing network schemes that will automatically isolate trouble areas and then restore power to unaffected portions of the circuit, all without operator intervention.
The company will match the $165 million in funding as part of an initiative across Southern Company's service territory that spans the states of Alabama, Florida, Georgia and Mississippi.
The grant awarded to Southern Company was among the top 10 made by the administration.
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GE Announces Latest Advancements to Leading Gas Turbine
(BUSINESS WIRE)--Using next generation gas turbine technology to increase output and efficiency, GE Energy today introduced its upgraded Frame 7FA gas turbine to meet growing performance requirements for power plant operators. The upgraded turbine is designed to help power plant operators reduce their total cost of ownership and environmental impact by allowing them to use less fuel to generate power.
The continuing evolution of GE’s gas turbine technology supports a growing industry trend toward the use of natural gas. A recent report by the Colorado School of Mines indicated that following recent discoveries, the United States now has 1,800 trillion cubic feet of natural gas, the equivalent of 320 billion barrels of oil—more than Saudi Arabia’s 264 billion barrels. That available supply, coupled with the current low cost and the fact that natural gas emits less carbon than other fossil fuels, has spurred many power generators to consider switching from other fuels to gas.
A typical power plant operating two new 7FA gas turbines with a single steam turbine in combined cycle configuration would achieve a fuel cost savings of more than $2.1 million per year at a natural gas price of $6 per MMBtu when compared to a similar plant with an earlier version of the 7FA for equivalent net plant output. This updated plant would also avoid the emission of more than 19,000 metric tons of CO2 per year compared to the earlier version, an improvement equivalent to the CO2 emissions of approximately 3,800 cars on U.S. roads.
“Investing in the needs of tomorrow with R&D and technology is at the foundation of GE and helps us to maintain a competitive advantage in the power generation arena,” said Steve Bolze, president of GE Energy’s Power & Water business. “Today’s announcement demonstrates our ongoing commitment to GE’s leadership in advanced gas turbine technology that helps deliver power more efficiently and flexibly to our customers without compromising their high standards for operational excellence.”
“Since its introduction, our F technology has consistently set industry standards for reliability and efficiency,” said Rick Stanley, vice president of engineering for GE Energy. “The 7FA upgrade underscores our commitment to continue refining the technology to meet the evolving needs of today’s customers.”
“GE is focused on delivering products and services that help our customers save significant operating costs while simultaneously slashing emissions and fuel consumption. We have amassed technological advances from across our expansive portfolio of power generating and aviation turbines and delivered them in this upgraded 7FA turbine,” said John Reinker, general manager of gas turbine and combined cycle products for GE Energy. “Of the 1,000 plus GE F-technology gas turbines shipped worldwide, more than 70% are 7FA units—and the advances now available for the 7FA will ensure that it continues to be the industry's workhorse advanced technology turbine.”
Many companies have already evaluated the new gas turbine technology. Some of the first new 7FA turbines are planned for the proposed Oakley Generating Station in Oakley, Calif. The plant, which is projected to generate 586 megawatts of power, is being developed by Radback Energy, Inc., and is expected to be transferred to Pacific Gas and Electric Company (PG&E) after it enters commercial operation.
The new turbine is a part of GE’s ecomagination portfolio, due to the increase in net plant efficiency and higher output delivered by this machine compared to all earlier 7FA models, which should result in less fuel consumption and lower emissions on a megawatt per hour basis than delivered by previous 7FA models.
Key regions for the upgraded, 60-hertz 7FA will include North America, Latin America, Saudi Arabia, Japan, Taiwan and South Korea. The upgraded 7FA will begin shipping in early 2012 and will be manufactured at GE Energy’s gas turbine facility in Greenville, S.C.
GE ecomagination certification
The ecomagination Product Review (EPR) process provides a third-party verification of claims, quantifying operating and environmental performance benefits that accrue to GE’s customers by using ecomagination products relative to baselines such as competitors' best products, the installed base of products and regulatory standards. These ecomagination claims can be found in GE's printed materials and advertisements and on the Web at www.ge.com/ecomagination. Ecomagination products are re-certified regularly to help ensure that claims remain accurate.
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The continuing evolution of GE’s gas turbine technology supports a growing industry trend toward the use of natural gas. A recent report by the Colorado School of Mines indicated that following recent discoveries, the United States now has 1,800 trillion cubic feet of natural gas, the equivalent of 320 billion barrels of oil—more than Saudi Arabia’s 264 billion barrels. That available supply, coupled with the current low cost and the fact that natural gas emits less carbon than other fossil fuels, has spurred many power generators to consider switching from other fuels to gas.
A typical power plant operating two new 7FA gas turbines with a single steam turbine in combined cycle configuration would achieve a fuel cost savings of more than $2.1 million per year at a natural gas price of $6 per MMBtu when compared to a similar plant with an earlier version of the 7FA for equivalent net plant output. This updated plant would also avoid the emission of more than 19,000 metric tons of CO2 per year compared to the earlier version, an improvement equivalent to the CO2 emissions of approximately 3,800 cars on U.S. roads.
“Investing in the needs of tomorrow with R&D and technology is at the foundation of GE and helps us to maintain a competitive advantage in the power generation arena,” said Steve Bolze, president of GE Energy’s Power & Water business. “Today’s announcement demonstrates our ongoing commitment to GE’s leadership in advanced gas turbine technology that helps deliver power more efficiently and flexibly to our customers without compromising their high standards for operational excellence.”
“Since its introduction, our F technology has consistently set industry standards for reliability and efficiency,” said Rick Stanley, vice president of engineering for GE Energy. “The 7FA upgrade underscores our commitment to continue refining the technology to meet the evolving needs of today’s customers.”
“GE is focused on delivering products and services that help our customers save significant operating costs while simultaneously slashing emissions and fuel consumption. We have amassed technological advances from across our expansive portfolio of power generating and aviation turbines and delivered them in this upgraded 7FA turbine,” said John Reinker, general manager of gas turbine and combined cycle products for GE Energy. “Of the 1,000 plus GE F-technology gas turbines shipped worldwide, more than 70% are 7FA units—and the advances now available for the 7FA will ensure that it continues to be the industry's workhorse advanced technology turbine.”
Many companies have already evaluated the new gas turbine technology. Some of the first new 7FA turbines are planned for the proposed Oakley Generating Station in Oakley, Calif. The plant, which is projected to generate 586 megawatts of power, is being developed by Radback Energy, Inc., and is expected to be transferred to Pacific Gas and Electric Company (PG&E) after it enters commercial operation.
The new turbine is a part of GE’s ecomagination portfolio, due to the increase in net plant efficiency and higher output delivered by this machine compared to all earlier 7FA models, which should result in less fuel consumption and lower emissions on a megawatt per hour basis than delivered by previous 7FA models.
Key regions for the upgraded, 60-hertz 7FA will include North America, Latin America, Saudi Arabia, Japan, Taiwan and South Korea. The upgraded 7FA will begin shipping in early 2012 and will be manufactured at GE Energy’s gas turbine facility in Greenville, S.C.
GE ecomagination certification
The ecomagination Product Review (EPR) process provides a third-party verification of claims, quantifying operating and environmental performance benefits that accrue to GE’s customers by using ecomagination products relative to baselines such as competitors' best products, the installed base of products and regulatory standards. These ecomagination claims can be found in GE's printed materials and advertisements and on the Web at www.ge.com/ecomagination. Ecomagination products are re-certified regularly to help ensure that claims remain accurate.
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Wednesday, October 21, 2009
Georgia Transmission Corp. Completes Thomson-to-Warthen 500-kV Transmission Line
(BUSINESS WIRE)--Georgia Transmission Corp. today announced the completion of a 39-mile 500-kilovolt (kV) transmission power line connecting substations in Thomson, Ga. and Warthen, Ga. The line marks the company’s first project of its size in two decades, its first of many new lines in a major upgrade of the state’s power grid and a new design for 500-kV power lines.
Georgia Transmission, a not-for-profit cooperative that builds and maintains high-voltage infrastructure on behalf of 39 of the state’s 42 Electric Membership Cooperatives (EMCs), began planning for the $48 million project in late 2004. The 500-kV line, to be energized in the summer of 2010, is the largest type of power line built in Georgia. Georgia’s electric co-ops are not-for-profit utilities that provide power to more than four million Georgians.
“Georgia’s energy demand has nearly doubled since 1990 due to growth in population and per-capita energy use,” said John Raese, Georgia Transmission’s vice president of project services. “By fortifying the power grid, Georgia’s utilities are protecting all Georgians from increased outages and a greater risk of blackouts.”
Twenty meetings with the public and key stakeholders were held prior to final route selection. Irby Construction handled the construction, which began in early 2008 and added nearly $1 million to the local economy. Georgia Transmission will pay the counties through which the line passes more than $300,000 in property taxes in 2010.
“We are particularly proud that we delivered this project early and under budget,” said Jeannine Rispin Haynes, Georgia Transmission’s senior public relations representative. “The local communities’ input and cooperation was crucial to completing the project on time so EMCs can continue to provide affordable, reliable power to their members.”
The transmission line totals 38.7 miles, stretching through portions of Glascock (12.9 mi.), McDuffie (11.6 mi.), Warren (3.6 mi.) and Washington (10.6 mi.) counties. More than 366 miles of wires span across 158 latticed steel structures that average 140 feet in height. The transmission line right-of-way is 150 feet wide, encompassing 704 acres of land at a cost of more than $4 million.
The project is the first to use a new Delta Cat design that has a narrower footprint and better access for maintenance than the industry’s current horizontal and delta designs. Developed in cooperation with Georgia Power and Southern Company, Georgia Transmission’s design also has improved shields to guard against outages from bird contamination. It will be used on four other 500-kV lines the companies are planning and building in northern and central Georgia.
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Georgia Transmission, a not-for-profit cooperative that builds and maintains high-voltage infrastructure on behalf of 39 of the state’s 42 Electric Membership Cooperatives (EMCs), began planning for the $48 million project in late 2004. The 500-kV line, to be energized in the summer of 2010, is the largest type of power line built in Georgia. Georgia’s electric co-ops are not-for-profit utilities that provide power to more than four million Georgians.
“Georgia’s energy demand has nearly doubled since 1990 due to growth in population and per-capita energy use,” said John Raese, Georgia Transmission’s vice president of project services. “By fortifying the power grid, Georgia’s utilities are protecting all Georgians from increased outages and a greater risk of blackouts.”
Twenty meetings with the public and key stakeholders were held prior to final route selection. Irby Construction handled the construction, which began in early 2008 and added nearly $1 million to the local economy. Georgia Transmission will pay the counties through which the line passes more than $300,000 in property taxes in 2010.
“We are particularly proud that we delivered this project early and under budget,” said Jeannine Rispin Haynes, Georgia Transmission’s senior public relations representative. “The local communities’ input and cooperation was crucial to completing the project on time so EMCs can continue to provide affordable, reliable power to their members.”
The transmission line totals 38.7 miles, stretching through portions of Glascock (12.9 mi.), McDuffie (11.6 mi.), Warren (3.6 mi.) and Washington (10.6 mi.) counties. More than 366 miles of wires span across 158 latticed steel structures that average 140 feet in height. The transmission line right-of-way is 150 feet wide, encompassing 704 acres of land at a cost of more than $4 million.
The project is the first to use a new Delta Cat design that has a narrower footprint and better access for maintenance than the industry’s current horizontal and delta designs. Developed in cooperation with Georgia Power and Southern Company, Georgia Transmission’s design also has improved shields to guard against outages from bird contamination. It will be used on four other 500-kV lines the companies are planning and building in northern and central Georgia.
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Friday, May 1, 2009
Oglethorpe Power Closes Purchase of Heard County Power Generation Facility
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.
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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.
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Thursday, December 18, 2008
Green Power EMC's Renewable Energy Agreement Generates Jobs and Electricity
/PRNewswire/ -- Green Power EMC (GPEMC), a partnership of 38 electric membership corporations (EMCs) in Georgia, today announced plans to purchase 17 MW of biomass energy from Multitrade Rabun Gap (MRG), LLC.
The Rabun Gap project will use woody waste as the primary fuel in a conventional boiler for the generation of steam to power a steam turbine electric generator.
The power purchase agreement is part of Green Power EMC's mission to research and deliver renewable energy options from Georgia resources such as biomass, solar, wind and low-impact hydro.
This project is unusual in that it involves several "renewable" resources. The biomass facility will be sited in an already existing power plant in an idled Fruit of the Loom manufacturing facility located in Rabun Gap, Ga. The textile company closed in 2006 resulting in the loss of 900 jobs and a dramatic effect on the economy of the small mountain town, located near the North Carolina border. Putting the power plant back into service creates approximately 20 jobs for people to operate the plant and an additional 75 jobs for people needed to gather and transport biomass to the facility.
"The Rabun Gap project is an example of what we can accomplish when we take a fresh look at our renewable resources and ask 'what are the possibilities?'" says Michael Whiteside, president/CEO of GPEMC. "We will be generating 17 MW of cleaner, greener energy, which on its own has tremendous merit. But when you add the refurbishing of an abandoned plant into a useful facility and the revitalization of a small town economy, the value of this project becomes untold."
MRG, an affiliate of Multitrade Biomass Holdings in Ridgeway, Va., is a special purpose entity formed to construct and operate the 17 MW capacity wood-fueled biomass facility. Multitrade has been active since 1982 in developing alternate energy projects including one of the largest wood-fueled facilities in the world located near Hurt, Va.
The Rabun Gap facility has a significant amount of existing equipment on site, including the boiler, which was previously used to supply steam and electricity to the Fruit of the Loom manufacturing operation. MRG will use native renewable fuel from the local forest industry. When complete, the $21.5 million facility will generate enough energy to meet the needs of approximately 10,000 homes. The plant is expected to become operational by August 2009.
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The Rabun Gap project will use woody waste as the primary fuel in a conventional boiler for the generation of steam to power a steam turbine electric generator.
The power purchase agreement is part of Green Power EMC's mission to research and deliver renewable energy options from Georgia resources such as biomass, solar, wind and low-impact hydro.
This project is unusual in that it involves several "renewable" resources. The biomass facility will be sited in an already existing power plant in an idled Fruit of the Loom manufacturing facility located in Rabun Gap, Ga. The textile company closed in 2006 resulting in the loss of 900 jobs and a dramatic effect on the economy of the small mountain town, located near the North Carolina border. Putting the power plant back into service creates approximately 20 jobs for people to operate the plant and an additional 75 jobs for people needed to gather and transport biomass to the facility.
"The Rabun Gap project is an example of what we can accomplish when we take a fresh look at our renewable resources and ask 'what are the possibilities?'" says Michael Whiteside, president/CEO of GPEMC. "We will be generating 17 MW of cleaner, greener energy, which on its own has tremendous merit. But when you add the refurbishing of an abandoned plant into a useful facility and the revitalization of a small town economy, the value of this project becomes untold."
MRG, an affiliate of Multitrade Biomass Holdings in Ridgeway, Va., is a special purpose entity formed to construct and operate the 17 MW capacity wood-fueled biomass facility. Multitrade has been active since 1982 in developing alternate energy projects including one of the largest wood-fueled facilities in the world located near Hurt, Va.
The Rabun Gap facility has a significant amount of existing equipment on site, including the boiler, which was previously used to supply steam and electricity to the Fruit of the Loom manufacturing operation. MRG will use native renewable fuel from the local forest industry. When complete, the $21.5 million facility will generate enough energy to meet the needs of approximately 10,000 homes. The plant is expected to become operational by August 2009.
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