Business Briefs

Issue 7 and Volume 110.

Kansas City Power & Light has announced that Aquila, Empire District Electric, Kansas Electric Power Cooperative and Missouri Joint Municipal Electric Utility Commission will be co-owners of the 850 MW Iatan 2 coal plant it is developing and will operate. KCP&L will own 465 MW of Iatan 2, scheduled for service in 2010.

GE Energy has signed an exclusive agreement with Australia-based technology firm Silex Systems Limited to license the technology and develop the company’s next generation low-enriched uranium manufacturing process in the United States.

Arlington, Va.-based AES Corp. has started construction on a $1.4 billion coal-fired plant in Bulgaria. The first unit of Maritza-Iztok 1 is expected to begin operation in three years. The entire facility should be completed by the end of 2009.

Under an agreement with Illinois state officials, Exelon is removing tritium from groundwater at Braidwood Generating Station.

Constellation Energy is considering selling 3,145 MW of gas-fired generation. Assets being considered for sale include the High Desert, Rio Nogales, Holland, University Park, Big Sandy and Wolf Hills plants located in California, Texas, Illinois, West Virginia and Virginia.

Dallas-based TXU is looking to build new coal plants outside of Texas. In April, the company announced plans to build 11 new coal-fired power plants in Texas and in June, it announced intentions to file permits to build 3 to 5 GW of coal-fired generation outside its home state. Mike McCall, chief executive of TXU’s wholesale unit, says the company is looking at sites in the PJM and New York markets. The company also hopes to sell most of its gas-fired power plants in Texas.