Power Notes

July 25, 2001 —American Electric Power Inc., Columbus, Ohio, said it filed documents with the Federal Energy Regulatory Commission for approval to complete a planned restructuring of the corporation's regulated and unregulated holdings. AEP announced its restructuring plan last October and filed documents with the Securities and Exchange Commission in November outlining the plan to form two wholly owned corporations.

Bay Gas Storage Co. Ltd., Mobile, Ala., a subsidiary of EnergySouth Inc., has completed construction of its 11- mile, 20-in. steel loop pipeline north of Mobile. The pipeline runs between the storage facility's McIntosh, Aala., plant to near Mt. Vernon, where it interconnects with the Florida Gas Transmission pipeline. Bay Gas Storage is currently building a second salt dome storage cavern in McIntosh. The new cavern will have working gas capacity of 3.5 MMBtu, more than doubling Bay Gas's capacity.

Puget Sound Energy, the utility subsidiary of Puget Energy Inc., Bellevue, Wash., filed a request with regulators to lower bills an average 8.3% over a 12-month period for all of its natural gas customers. The reduction for residential customers averages 7% over the 12-month period, or about $5/month. The average monthly household natural gas bill would drop to $72.

Black Hills Energy Capital Inc., Rapid City, SD, the independent power subsidiary of Black Hills Corp., reported signing a definitive agreement to buy a 273 Mw gas-fired power generation complex located in North Las Vegas, Nev., from Enron North America, an Enron Corp., Houston, unit. The transaction is expected to close in the third quarter of 2001. Terms were not disclosed.

PSEG Global, Parsippany, NJ, said it won the bid to purchase up to a 100% interest in Empresa de Electricidad de los Andes SA (Electroandes) with a bid of $227.1 million. Electroandes is the sixth largest electric generator in Peru with a 6% market share. PSEG Global, a unit of Public Service Enterprise Group. Inc., has an indirect 44% interest in Luz del Sur, the largest electric distribution company in Peru. With the purchase of Electroandes, PSEG Global will be the largest US investor in Peru, the company said..

A unit of American Electric Power Co. Inc., Columbus, Ohio, said it agreed to buy MEMCO Barge Line Inc. from a unit of Progress Energy, Raleigh, NC. The purchase price of $270 million includes the early termination of certain off balance sheet lease financing related to assets of MEMCO. Progress Energy will use net proceeds from the sale to pay down debt. The transaction is expected to close within 60 days.

Excelergy Corp., Lexington, Mass., said it implemented software that will allow American Electric Power Co. Inc. to become fully certified for automated data exchange in the Electric Reliability Council of Texas (ERCOT). ERCOT is the corporation administering the state's power grid and is scheduled to open the $16 billion Texas electricity market to competition in the coming weeks. AEP currently operates about one-seventh of ERCOT's daily energy capacity.

The Royal Dutch/Shell Group said it agreed to buy a 50 Mw wind farm in Wyoming, its first commercial wind venture. Amsterdam-based Shell Renewables' U.S. wind energy operation, Shell WindEnergy Inc., has signed an agreement with San Diego wind farm developer SeaWest WindPower Inc. to buy the Rock River I wind farm, the company said. The energy will be sold to PacifiCorp, a unit of Scottish Power PLC under a 20-year power purchase agreement.

Laos's Electricit�u Laos awarded a $17 million contract to ABB Group, Zurich, Switzerland, to design and build a 340 km, 115 kv double circuit transmission line, and a 282 km, 34.5 kv distribution network, including distribution transformers. ABB said the order was placed by the state-owned utility, and is set for completion within 2 years. The project is financed by the Asian Development Bank.

Sponsored by FLSmidth

Related Articles

Profiling Geothermal Energy in North America

North America holds diverse geologic conditions, economic and political contexts, and geothermal experiences.

Energy Reform Package to Increase Competition And Private Sector Opportunities in the Mexican Power Industry

In April, Mexican President Enrique Pena Nieto proposed a legislative reform package that was approved by the Mexican Congress, overhauling the nation's energy industries.

Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Buyers Guide Company Listings

Fluid Energy Controls Inc

Provides OEM custom bladder accumulators for lube oil systems (LOSA), surge suppressors, pulsation dampeners. Stainless steel, carbon steel. ASME, Canadian CRN, Brazilian NR-13, Chinese SELO/SQL, Malaysian DOSH, Australian AS1210.

DV INGENIERIA SRL

Manufactures Laseralignblue laser alignment instruments.

Graycor

Provides a wide variety of industrial and commercial contracting services, in addition to industrial maintenance services, throughout the US, Canada, Mexico and beyond.

Power Industry Wire News

BASF Brings Hands-On Science to More Than 2,000 Schoolchildren During National Chemistry Week

BASF Brings Hands-On Science to More Than 2,000 Schoolchildren During National Chemistr...

SCS-Certified Products Among Top 10 Products Honored by BuildingGreen at Greenbuild 2014

SCS-Certified Products Among Top 10 Products Honored by BuildingGreen at Greenbuild 2014

Arabella Exploration Backs Into Additional Acreage

Arabella Exploration Backs Into Additional Acreage

FLIR Systems Announces Third Quarter 2014 Financial Results

FLIR Systems Announces Third Quarter 2014 Financial Results

Despite Declining Demand, BASF Increases Sales and Earnings in the Third Quarter of 2014

Despite Declining Demand, BASF Increases Sales and Earnings in the Third Quarter of 2014

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>


Power Engineering Newscasts

EPA chief: carbon caps will boost economy
Australia, Russia enter nuclear power agreement with Argentina
Largest battery energy storage in North America now operational
EPA chief: carbon caps will boost economy Largest battery energy storage in North America now operational Australia, Russia enter nuclear power agreement with Argentina Texas’ Panda Temple combined cycle plant up and running
Siemens agrees to acquire Dresser-Rand
Safety concrete poured at UAE nuclear reactor power project
Foster Wheeler to upgrade natural gas-fired power plant’s emission controls
GE, TransCanada partner on natural gas turbine design
Energy storage global market to grow to $15.6B by 2024; DOE awards $2M to support taller wind turbine towers; Hinkley Point C nuclear project have financial incentives approved; N.J. company building waste-to-energy project in Ireland