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Strategies & Market Trends : IPPs and Merchant Energy Co.s -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (1857)	4/19/2003 9:56:21 AM
From: Keith J	Read Replies (1) \| Respond to of 3358

Dominion settles with EPA - important point - they are putting a combined cycle facility and converting coal production (322 MW) to natural gas. These types of actions are really going to help NG prices stay low. Talking about the facility: The estimated cost of the project is $300 million. Compared to a similarly sized state-of-the-art coal-fired station, the combined-cycle unit will produce about 82 percent less nitrogen oxide emissions and 92 percent less sulfur dioxide emissions. The unit should be operational by May 2003. The combined-cycle unit will generate about 540 megawatts, or enough electricity to power about 125,000 typical homes. At that time, the company will stop burning coal in Possum Point Units 3 and 4, which have a combined generation of 322 megawatts. In addition, the company plans to retire Units 1 and 2, which operate on fuel oil, no later than May 2003. Units 1 and 2 have a combined capacity of about 145 megawatts. The combined-cycle unit will provide intermediate load generation. The units will operate as customers demand more electricity but not run all the time as base load generating units do. Possum Point Units 3 and 4 also provide intermediate load. KJ