Cinergy, Nordic Electric form power marketing alliance.CINCINNATI--(BUSINESS WIRE)--June 24, 1996--Cinergy Corp. (NYSE NYSE See: New York Stock Exchange :CIN CIN cervical intraepithelial neoplasia. Cervical intraepithelial neoplasia (CIN) A term used to categorize degrees of dysplasia arising in the epithelium, or outer layer, of the cervix. ) and Nordic Electric L.L.C. of Ann Arbor Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich., announced today that they have formed an exclusive alliance to market power in the state of Michigan. Under the agreement, Cinergy will supply Nordic up to 400 megawatts of electric capacity for up to five years. Two of Michigan's utilities, Consumers Power Co. and Detroit Edison Detroit Edison, founded in 1903, is an investor-owned electric utility which serves most of Southeast Michigan. Its parent company, DTE Energy (NYSE: DTE), provides energy services to a variety of clients beyond Detroit Edison's service area. Co., are to make retail competition available to all new industrial and commercial loads tentatively by January 1, 1997. All industrial and commercial customers are to have customer choice by January 2001. Nordic Electric is an integrated electric services firm that has actively participated in Michigan's open access proceedings on behalf of more than 40 of the states largest customers. Nordic has provided serves for more than 12 years as a national independent power producer. These services include electric marketing, aggregation, load following, project development, plant operation and maintenance. Michael Martin Michael Martin may refer to:
John Baardson, president of Nordic Electric, said, "After working for three years to help bring retail wheeling to Michigan, Nordic Electric sees this agreement with Cinergy as a major milestone in bringing low cost, reliable energy initially to its industrial customers of Michigan." Cinergy has recently reached similar agreements for power marketing in Illinois, New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). and other parts of the Northeast, where customer choice initiatives are active. Cinergy Corp. is the thirteenth largest electric utility in the U.S. in terms of owned generating capacity and is the parent company of The Cincinnati Gas & Electric Company and PSI Energy, Inc. CONTACT: Media Contacts: Cinergy Corp. - Steve Brash brash (brash) heartburn. water brash heartburn with regurgitation of sour fluid or almost tasteless saliva into the mouth. , 513/287-2226 (w) 513/231-6895 (h) Angeline Protogere, 317-838-1338 (w) 317/298-3090 (h) Nordic Electric - Walt Balcer, 313/973-7700 or Investor Contact: Cinergy Corp. - Felicia Ramstein, 513/287-4348 |
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