EPCOR acquires Morris Cogeneration
The Morris facility is a 177 megawatt (MW) natural gas-fired cogeneration facility located on Equistar Chemicals LP's (Equistar) chemical plant in Morris, Illinois, near Chicago.
The facility began commercial operations in 1998. All of the steam and a portion of the electricity produced from the facility are sold to Equistar under the terms of a long-term energy services agreement which expires in 2023. Equistar, a wholly-owned subsidiary of Lyondell Chemical Company, produces ethylene and its co-products and derivatives including polyethylene plastic, at the Morris facility.
The Morris facility also has an electric capacity agreement with Exelon Generation Company, LLC that terminates in 2011, for capacity and electricity in excess of the needs of Equistar and can participate in the PJM (Pennsylvania, New Jersey, and Maryland) market.
"The acquisition of the Morris facility is an excellent strategic fit and is expected to be modestly accretive to cash flow," said Brian Vaasjo, President of the General Partner of EPCOR Power L.P. "This facility combines the off-gas normally generated by the Equistar production process with natural gas, and efficiently combusts the mixture to simultaneously cogenerate steam and electricity, very similar to other EPCOR operated facilities.
"We understand the technology utilized by this plant, we support the efficiencies attributable to cogeneration, and we propose to add value to the Morris facility by leveraging on the Partnership's operating expertise and capitalizing on growth opportunities within the highly developed geographical area."
Related News
Avista Commissions Largest Solar Array in Washington
SPOKANE - Official commissioning of the Adams Nielson solar array located in Lind, WA occurred today. The 28 Megawatt DC array is comprised of 81,700 panels that span 200 acres and generates enough electricity to supply the equivalent of approximately 4,000 homes annually.
“Avista’s interest in the development of Solar Select, a voluntary commercial solar program, is consistent with the Company’s ongoing commitment to provide customers with renewable energy choices at reasonable cost,” said Dennis Vermillion, president, Avista Corporation. “In recent years, an increasing number of Avista customers have expressed their expectations and challenges in acquiring renewable energy. Avista is pleased…
