Catamount Energy Sells Interest in Williams Lake Facility.RUTLAND, Vt.--(BUSINESS WIRE)--Aug. 13, 1997--Catamount Energy Corp., the energy investment subsidiary of Central Vermont Public Service Corp., (NYSE NYSE See: New York Stock Exchange :CV) announced today that it has sold its limited partnership interest in the Williams Lake Generating Facility located in Williams Lake, British Columbia Williams Lake also known as BC's Stampede Capital is a city in British Columbia, Canada. Located in the Cariboo District, it is the largest urban centre between Kamloops and Prince George. The population is 10,744. . Catamount catamount: see puma. purchased an 8-percent interest in the 60-megawatt (MW) wood-waste-fired electrical generating facility in March 1993, shortly before it went into commercial operation. Catamount and its partner, Tondu Energy Corp., sold their interests to BC Gas, the majority partner. The sale yielded a gain of $0.15 per common share for CV shareholders, which will be reflected in the third quarter. "While Catamount was not actively seeking to sell this asset, the sale was a unique opportunity to receive an advantageous price," said Robert H. Young Robert H. Young (March 4 1929 - October 9 1950) was a soldier in the U.S. Army during the Korean War. He was posthumously awarded the Medal of Honor for his actions on October 9, 1950. Medal of Honor citation Rank and organization: Private First Class, U.S. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Catamount and CV. "Catamount is assessing various options to reinvest the proceeds of the sale within its focus of 10-100 MW independent power projects in the United States, Canada and Western Europe." Catamount has approximately $30 million invested in 5 operating plants located in Maine, Vermont, Virginia and Idaho; and one biomass plant under construction in England. CONTACT: Catamount Energy Corp. William R. Behling 802-747-5598 bbehlin@catenergy.com |
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