Catamount Energy and The Eastern Group close construction and term financing on two Idaho gas-fired cogeneration projects.RUTLAND, Vt.--(BUSINESS WIRE)--Feb. 21, 1996 -- Subsidiaries of Catamount catamount: see puma. Energy Corp. and The Eastern Group closed construction and term financing on two, 10-megawatt gas-fired cogeneration cogeneration In power systems, use of steam for both power generation and heating. High-temperature, high-pressure steam from a boiler and superheater first passes through a turbine to produce power. projects located in Glenns Ferry and Rupert, Idaho Rupert is the county seat and largest city of Minidoka County, Idaho, United States.GR6 The population was 5,645 at the 2000 census. Rupert sprung up after the announcement of the Minidoka Reclamation Project, which would provide irrigation and . Glenns Ferry and Rupert Cogeneration Partnerships, Ltd., are owned equally by subsidiaries of Catamount and Eastern. Catamount Energy is the wholly owned, non-regulated independent power investment subsidiary of Central Vermont Public Service Corp. (CV), the largest electric utility in Vermont. Eastern is a diversified independent energy company specializing in natural gas marketing, exploration and power systems based in Alexandria, Virginia Alexandria is an independent city in the Commonwealth of Virginia. As of the 2000 census, the city had a total population of 128,284. Located along the Western bank of the Potomac River, Alexandria is approximately 6 miles (9.6 kilometers) south of downtown Washington, DC. . "The Glenns Ferry and Rupert cogeneration projects represent Catamount's first two gas-fired cogeneration facilities and will provide both fuel and geographic diversification to Catamount's growing independent power portfolio," 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 chief executive officer of both Catamount and CV. The Idaho projects bring to six the number in Catamount's investment portfolio around North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The electrical output of both facilities will be sold to Idaho Power under separate 20-year agreements. The steam from both will be sold to two major potato processing facilities. Construction financing for the projects of $28 million was provided by Toronto Dominion Bank. Catamount will provide construction and administrative management services while fuel supply, transportation and management services will be provided by Eastern Energy Marketing Inc., a subsidiary of The Eastern Group. Eastern Power Corp., another subsidiary, will provide operations and maintenance services once the plants are in operation. Both plants are scheduled to come on line by the end of 1996. CONTACT: Gary Normoyle Catamount Energy Corp. 802-747-5438 |
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