Power Group Online Article |  | |
4 April 2006 -- Exelon Generation Co., LLC and Peoples Energy announced they have agreed to accelerate Exelon's purchase of Peoples' 30 percent interest of the Southeast Chicago Energy Project for $50 million, subject to certain closing adjustments.
Southeast Chicago Energy Project is a 350-megawatt natural gas-fired, peaking electric power plant located on Chicago's southeast side. It began operation as a joint venture between Exelon Generation and Peoples Calumet, LLC in the summer of 2002 with Exelon controlling 100 percent of the output of the facility.
Since the facility came on-line, Exelon has owned and controlled the output of the facility, while Peoples supplied fuel to the plant. Exelon will continue to own and control 100 percent of the plant's output and Peoples Energy will remain as fuel supplier to the plant.
The purchase by Exelon is subject to Federal Energy Regulatory Commission (FERC) approval. This purchase does not affect Exelon's market position within the PJM Interconnection because under the original agreement with Peoples Energy, Exelon Generation controlled 100 percent of output from the facility.
|
Return to Previous Page
Power Engineering Webcasts | |
|
Sponsored White Papers Library | | |
|
|
|
|
Articles 
| View all PennWell sites | View all PennWell events
Add RSS Feed
