FirstEnergy unit to buy 707 MW natural gas plant

29 January 2008 — FirstEnergy Generation Corp., a unit of FirstEnergy Corp., won an auction for a partially complete, 707 MW natural gas, combined- cycle generating plant in Fremont, Ohio. The facility, formerly known as Fremont Energy Center LLC, will be purchased from Calpine Corporation for $253.6 million ($358/kW).

The Fremont facility is connected to the Midwest Independent Transmission System Operator and the PJM Interconnection. The company said the addition further diversifies its generation mix and reduces its average carbon-dioxide emission rate.

The facility includes two combined-cycle combustion turbines and a steam turbine capable of producing 544 MW of load-following capacity and 163 MW of peaking capacity. Construction began in 2001 and is about 70 percent complete. It could take another 12 to 18 months and around $150 million to make it operational. FirstEnergy has not yet completed its engineering review, which will finalize the cost and the timeframe for construction.

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