Electric Power news briefs, November 10
EPCOR � SCANA Corp. � Duke/UAE � Sustainable Energy Technologies Ltd.... CES International Inc.
EPCOR Utilities Inc., Calgary, in one of the first transatlantic trades of carbon dioxide (CO2) emissions, agreed to buy 50,000 tons of CO2emissions from Finland's Fortum. Fortum is reducing annual emissions of CO2 from its Joensuu power plant this year. The plant achieved the decrease in greenhouse gases by converting its peat-fired boiler to a fluidized bed boiler. The trade between Fortum and Canadian-based EPCOR is part of Fortum�s ongoing climate program aimed at decreasing emissions at its own plants and in cooperation with projects related to the emission trade and the so-called Kyoto mechanisms.
SCANA Corp. and Fayetteville Public Works will construct a $265 million 500 Mw combined cycle power plant to supply electricity to Fayetteville, NC, residents and businesses by the summer of 2004. The agreement also calls for constructing a $90 million, 106-mile, 16-in. natural gas transmission line from South Carolina to Fayetteville. SCANA will own and operate the pipeline and will also provide natural gas, transportation, power, and gas scheduling and control area services.
Duke/UAE, a joint venture between Duke Energy North America and United American Energy Corp. will acquire Allied Waste Industries Inc.�s interests in two waste-to-energy facilities located in Chester, Penn. and Rochester, Mass. The Duke joint venture will also get operational control of four other facilities belonging to Allied. With this transaction, Duke/UAE will be the largest waste-to-energy company in the Northeast and the third largest in the US. Terms were not disclosed.
Sustainable Energy Technologies Ltd., Calgary, is field testing its first renewable energy management system for a solar power installation. The system is rated at 3.8 kw and integrates photovoltaic panels and batteries to supply power for critical circuits. It uses technologies for power conversion that the company has developed for use in the fuel cell industry.
CES International Inc. said it received a $10 million strategic investment from Cinergy Corp.'s venture arm, Cinergy Ventures LLC. CES International will use the investment to fund domestic and international growth and to increase research and development for its Centricity software suite. Centricity is an operations resource management system that helps distribution utilities reduce restoration time, improve operational efficiency, and safeguard workers and the public.