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CPV gains regulatory approval to build a generating facility in Warren County, Va.



RICHMOND, Va., March 20, 2003 — The State Corporation Commission (SCC) of Virginia issued an order Friday that approves the request by Competitive Power Ventures (CPV) to build an environmentally sensitive natural gas-fired power generating facility in Warren County, Va., just north of Front Royal.

The SCC issued CPV a certificate of public convenience and necessity to build and operate the proposed CPV Warren Electric Generating Facility on 39 acres of land in the Warren and Kelley Industrial Parks off U.S. Route 522 north of Interstate 66. The facility will have a nominal capacity of 520 MW.

The proposal calls for using dry cooling technology to reduce water consumption and for reducing air emissions by incorporating a Selective Catalytic Reduction system, low-NOx combustors and a catalyst to reduce emissions of carbon monoxide and volatile organic compounds.

The SCC’s order notes that CPV Warren is in the process of receiving environmental permits and approvals from the Virginia Department of Environmental Quality. On the local level, both the Warren County Board of Supervisors and the Warren County Planning Commission unanimously endorsed the project. Not a single county resident opposed the project during a public hearing held before SCC Hearing Examiner Alexander F. Skirpan Jr. in July 2002. Skirpan issued a favorable report on the project on Nov. 25, 2002.

“This is a great step forward for both CPV and Warren County. We feel gratified to have the support of so many Warren County officials and residents. This facility will be a model for environmental stewardship,” said Tom Eiden, CPV’s director for development of the project.

Competitive Power Ventures, based in Silver Spring, MD, is a power development, consulting and project management company focusing on high efficiency, environmentally desirable power projects throughout the United States. CPV has approximately 12 projects under development with a total capacity of approximately 6,000 megawatts. A majority interest in CPV is held by Warburg Pincus. For more information about Competitive Power Ventures, visit its web site at www.competitivepowerventures.com.