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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Think4Yourself who wrote (53254)10/20/1999 5:23:00 AM
From: Ronald J. Clark  Read Replies (1) of 95453
 
The following news release excerpt illustrates just how much natural gas is consumed by the electric/steam cogeneration facilities(this one is the MCV cogeneration facility in Midland, Michigan):

"Consistent with the provisions in the Settlement Agreement,
availability under MCV's PPA with Consumers was billed at a level of
98.5% in the first nine months of 1999 versus 99.3% in the first nine
months of 1998. Energy delivered under the PPA decreased to 6,318,214
megawatt hours (MWh) for the first nine months of 1999 (77.5% dispatch
under the PPA) from 6,604,806 MWh in the first nine months of 1998
(81.1% dispatch under the PPA). During the first nine months of 1999
MCV burned 61.2 billion cubic feet (Bcf) of natural gas at an average
cost of $2.47 per million British thermal units (MMBtu). During the
first nine months of 1998 MCV burned 64.4 Bcf of natural gas at an
average cost of $2.45/MMBtu.

MCV was formed in 1987 to construct, own, and operate a gas-fired,
combined-cycle cogeneration facility in Midland, Michigan. The plant is
capable of producing over 1,400 megawatts of electricity and up to 1.35
million pounds per hour of process steam for industrial use."

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