PacifiCorp Energizes ACCC Transmission Line
IRVINE, Calif., Jan. 19 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC) announces the completion of the installation of its proprietary ACCC (Aluminum Conductor Composite Core) by PacifiCorp (NYSE: SPI) a 6.7 mile section of the Utah Power grid in Salt Lake City that is now energized and serving customers.
CTC's ACCC conductor was rated highest by PacifiCorp using 11 important weighted selection criteria in comparison with the other solutions before being selected for the Utah project. By using ACCC, PacifiCorp was able to save the material and labor cost of replacing 143 structures. Conventional conductor would have required replacement of 150 structures; ACCC made it possible to re-conductor while replacing only 7 structures. This reduced the time required to complete the project, minimizing disruption.
Using PacifiCorp's projected usage demands for the line section, CTC's Power Line Analysis Tool (PLAT TM) predicted that the ACCC installation should accommodate another 15 years of increasing power demand without needing a further upgrade.
"The energizing of ACCC for PacifiCorp's customers represents another significant case study for ACCC. We are pleased to note that the utilities themselves continue to demonstrate the superior, cost-effective performance of our technologically advanced solution in practical applications," stated CTC Chairman and CEO, Benton Wilcoxon.
"We used objective criteria to assess the choice for the Utah replacement cable. ACCC allowed us to save material and labor costs while providing us with the ability to increase power transmission on this section. In the long run this will increase reliability in the service area," said Franco Albi, PacifiCorp's project and transmission engineer.
About PacifiCorp
PacifiCorp (NYSE: SPI) is one of the lowest-cost electricity producers in the United States, providing more than 1.6 million customers with reliable, efficient energy. The company works to meet growing energy demand while protecting and enhancing the environment. PacifiCorp has more than 8,300 megawatts of generation capacity from coal, hydro, renewable wind power, gas-fired combustion turbines and geothermal. PacifiCorp operates as Pacific Power in Oregon, Washington, Wyoming and California; and as Utah Power in Utah and Idaho. The company merged with ScottishPower in 1999.
About CTC
Composite Technology Corporation, based in Irvine, California, develops, manufactures and sells novel products that introduce the advantages of high performance composite materials to create superior applications for the generation, transmission and distribution of electrical power. The company's novel and proprietary Aluminum Composite Core Conductor (ACCC) is a cost effective solution for the introduction of reserve electrical transmission capacity into a saturated electrical grid, while reducing operating costs and in many cases capital costs. The elimination of significant sag at higher operating temperatures allows users of ACCC to reduce transmission bottlenecks, span large distances, reduce supporting structures and improve grid reliability. ACCC is superior to conventional conductors of the same diameter in many ways, including:
* Replaces existing steel core conductors and increases energy capacity
up to 2 times
* Virtually eliminates sag caused by high load, high-temperature
conditions
* Requires fewer structures along new Rights of Way, reducing
construction costs and time
* Reduces line losses compared with same diameter conventional cables at
same operating temperatures
* Eliminates any bi-metallic corrosion issues
For further information visit our website at: compositetechcorp.com
For Investor Relations Contact: James Carswell, (760) 416-8628
For Media Relations Contact: Kevin C. Coates (949) 428-8500
This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to Composite Technology Corporation (Company). However, actual events or results may differ from the Company's expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, risks associated with international transactions, general economic conditions, availability of funds for capital expenditure by customers, availability of timely financing, cash flow, timely delivery by suppliers, or the Company's ability to manage growth. Other risk factors attributable to the Company's business segment may affect the actual results achieved by the Company and are included in the Company's Annual Report filed with the Commissioner on Form 10K for fiscal year ended September 30, 2005. SOURCE Composite Technology Corporation
Investor Relations, James Carswell, +1-760-416-8628, or Media Relations, Kevin C. Coates, +1-949-428-8500, both for Composite Technology Corporation 19Jan06 18:22 GMT |
