To: CpsOmis who wrote (67072 ) 5/25/2000 3:25:00 PM From: Douglas V. Fant Respond to of 95453
CpsOmis, Here's the natural gas- fired power plant of the day announcement. If only 50% of these units around North America are built,then that will nicely push NG demand.... Thursday May 25, 2:49 pm Eastern Time PPL building eastern Pennsylvania power plants ALLENTOWN, Pa., May 25 (Reuters) - PPL Corp. (NYSE:PPL - news) said Thursday its development subsidiary plans to install five natural gas-fired generation facilities in eastern Pennsylvania over the next two years to provide power during periods of peak demand. The five plants, which will have a total capacity of about 900 megawatts, are expected to cost between $400 and $450 million and go on-line by the summer of 2002. Site preparation and installation, pending appropriate approvals, could begin as early as 2001, the Allentown-based utility holding company. Called ``peaking'' generators, the plants are designed primarily to be started rapidly and operated only during periods of high energy demand. ``These projects represent an environmentally sensitive and cost-effective approach to meeting the growing need for electricity in the region, especially during hot, humid weather,'' said William Hecht, chief executive officer. ``The requests to restrict the use of electricity last summer and already this spring underscore the need for additional peaking generation of this kind,'' he said. In Lancaster County, about 720 megawatts of total generating capacity are being developed at three locations -- West Earl Township, West Hempfield Township and Eden Township. In Montgomery County, about 180 megawatts of total capacity are being developed in Upper Hanover Township and Hatfield Township.