PSEG Finalizes New Haven Peaking Contract
04 September 2008 - 2:43AM
PR Newswire (US)
NEWARK, N.J., Sept. 3 /PRNewswire-FirstCall/ -- PSEG Fossil, a
subsidiary of the Public Service Enterprise Group, announced the
finalization of a 30- year contract between its subsidiary, PSEG
Power Connecticut and the Connecticut Light and Power Company under
which PSEG Power Connecticut will add approximately 130 megawatts
(MW) of peaking generation to its New Haven, CT station. The PSEG
project is one of three chosen by the Connecticut Department of
Public Utility Control to help satisfy the state's growing demand
for electricity during periods of greatest consumption. The
contract calls for Fossil to install three dual-fueled units that
will go in service June 1, 2012. "The DPUC's competitive bidding
process will benefit Connecticut consumers," said PSEG Fossil
President Rich Lopriore. "These units will improve reliability
during peak periods and decrease reliance on older, less efficient
and less environmentally compatible units." Fossil operates 17
natural gas, coal, and oil-fired electric generating stations,
including the New Haven Harbor generating station. PSEG's portfolio
includes 2,600 MWs of peaking capacity. The new units will use
highly efficient turbines similar to those that power jet airplanes
to provide residents in Connecticut's constrained southwestern
region with the cleanest technologically available electricity
during periods of peak demand. The construction project will
include installing a Selective Catalytic Reduction system, an
advanced emission control technology that will reduce NOx emissions
by 90 percent or more. "This project is in keeping with PSEG's
commitment to providing Connecticut with reliable and
environmentally responsible energy," Lopriore said. "We certainly
are pleased with the outcome and eager to move forward with the
project." PSEG Power, one of the nation's largest independent power
producers, is a subsidiary of Public Service Enterprise Group
Incorporated (PSEG/NYSE: PEG), a diversified energy holding
company. PSEG's other primary subsidiaries are Public Service
Electric and Gas Company (PSE&G), New Jersey's oldest and
largest energy distribution utility company, and PSEG Energy
Holdings, a holding company for other non-regulated businesses.
DATASOURCE: PSEG Power CONTACT: Mike Jennings, office,
+1-973-430-6406, or cell, +1-973-508-6386, for PSEG Power Web site:
http://www.pseg.com/
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