Centennial Power acquires Rocky Mountain Power

BISMARCK, N.D., Feb. 5, 2002 -- Dick Vinson and Centennial Power, Inc., a subsidiary of MDU Resources Group, Inc., announced today the acquisition by Centennial Power of Rocky Mountain Power, Inc., a Montana energy development company co-owned by Vinson.

The acquisition of Rocky Mountain Power enables Centennial Power to construct a 113-megawatt, coal-fired electric generation facility near Hardin, Montana. The plant will provide electricity to Montana Power Company (MPC) through a long-term power purchase agreement. Financial details were not disclosed.

"Centennial Power was organized at MDU Resources in 2001 to enter the independent power production marketplace," said Paul Gatzemeier, Centennial Power's vice president and general manager. "As this is our first generation project, it is fitting that it will be located in Montana. We believe this project is beneficial for everyone concerned - MPC customers, the community of Hardin, shareholders of MDU Resources and Rocky Mountain Power."

"I'm very pleased to have reached an agreement with Centennial Power and MDU Resources," said Vinson. "MDU Resources, through its various companies has operated in Montana for more than 75 years, has a strong environmental track record and is a company Montanans know well. This is great news for the Hardin area. I will continue to be actively involved with the project to help bring it through construction. Centennial's expertise and financial commitment to the power project will allow me to focus on the ethanol project that I have in development."

Construction is planned to begin immediately following the issuance of an air quality permit, which is expected this spring. Centennial Power anticipates commercial operation in 2003. The plant will employ 33 permanent, full-time workers.

MDU Resources Group, Inc. provides energy, value-added natural resource products and related services that are essential to our country's energy, transportation and communications infrastructure. MDU Resources includes electric and natural gas utilities, a natural gas pipeline, utility services, natural gas and oil production, construction materials and mining and energy services. For more information about MDU Resources, see the company's Web site at www.mdu.com.

Sponsored by FLSmidth

Related Articles

EPA releases coal ash rule

The U.S. Environmental Protection Agency (EPA) Administrator Gina McCarthy announced the agency will now consider coal ash on the same level as household waste as opposed to hazardous waste. Household garbage and coal ash are both listed in the solid waste category, a stretch from the hazardous waste classification.

Fuel Tech receives air pollution control contracts worth $3.6Mn

Fuel Tech Inc. has received multiple air pollution control (APC) contracts, worth approximately $3.6 million, from customers in China, Europe and the U.S.

Follow Power Engineering on Twitter
Latest News

Wylfa nuclear power plant to restart in a week

The Wylfa nuclear power plant in the UK is expected to restart soon after being shut down sin...
Coal Ash

Power Engineering Photo of the Day

03/25 Henry Hub Average Natural Gas Spot Prices

03/25 Henry Hub Average Natural Gas Spot Prices

The Henry Hub is the pricing point for natural gas futures contracts traded on the New York M...

Westinghouse asked to take 49% share of Bulgaria nuclear power plant

Bulgaria has asked Westinghouse Electric Co. to take up a 49 percent stake in the country’s n...

Dominion Va. Power proposes $1 bn, natural gas-fired power plant

Dominion Virginia Power (NYSE: D) said the company is proposing to build a $1 billion, 1,600-...

Weekly Coal Production Report

The Weekly Coal Production Report has been updated for the week ended March 21, 2015.

Westinghouse, German companies to offer nuclear decommissioning services

Westinghouse Electric Co. signed an agreement with HOCHTIEF team to offer integrated decommis...

ENEC files for nuclear power plant operating licenses

The Emirates Nuclear Energy Corp. (ENEC) filed the operating license application for two nucl...

Power Engineering Current Issue

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

Archived Articles

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

Buyers Guide Categories

Power Industry Wire News

Murray Energy's Controlling Interest of Foresight Creates U.S. Coal Mining Giant, an Industrial Info News Alert

Murray Energy's Controlling Interest of Foresight Creates U.S. Coal Mining Giant, an In...

Canadian Overseas Petroleum Reports 2014 Year End Results

Canadian Overseas Petroleum Reports 2014 Year End Results

ISO Board Appoints New Member to EIM Transitional Committee

ISO Board Appoints New Member to EIM Transitional Committee

Technology Pioneer Brings Lifelong Passion for Innovation to BuildingDNA as New CTO

Technology Pioneer Brings Lifelong Passion for Innovation to BuildingDNA as New CTO

EVTN Announces Voraxial Order for Produced Water Treatment

EVTN Announces Voraxial Order for Produced Water Treatment

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 >>