GPU ends AltoonaCogen development

GPU ends AltoonaCogen development

GPU Energy has reached an agreement to end the development of the Altoona Cogeneration Partners project, an 80 MW coal-fired plant that was to have been built at Conrail`s Juniata Locomotive Repair Shop near Altoona, Pa. Subject to state Public Utility Commission approval, the GPU Inc. subsidiary announced it will pay the partners–American Power and CMS Energy Corp.–$5 million to terminate development of the coal-fired non-utility generation project, which had not yet started construction.

In a related transaction, AES Corp. acquired the development rights for the Altoona project and will negotiate with GPU Energy to sell power to the utility from a natural gas-fired generating project at an undetermined site.

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