Cogentrix, CP&L amend agreements.RALEIGH, N.C.--(BUSINESS WIRE)--Oct. 1, 1996--Cogentrix Energy Inc. (Cogentrix) and Carolina Power & Light (CP&L) have announced amended electric power sales agreements involving five Cogentrix generating plants located throughout CP&L's service area. Under the amended agreements, Cogentrix will retain ownership of its facilities and will continue to provide process steam to industrial companies under contract. The revised agreements also call for Cogentrix plants at Lumberton, Elizabethtown, Kenansville, Roxboro and Southport to be dispatched Dispatched was a Swedish melodic death metal band formed in 1992 by Daniel Lundberg. Their sound is very similar to the older Gothenburg style of early In Flames. Biography Dispatched was formed just before New Year's Eve of 1991 by Daniel Lundberg and Krister Andersson. by CP&L along with other generating plants in order to achieve the most efficient mix of generation sources available. The five plants have a combined generating capacity of 262,500 kilowatts. The arrangement extends through 2000 for the Lumberton and Elizabethtown plants, through 2001 for the Kenansville plant and 2002 for the Roxboro and Southport plants. Through these agreements, CP&L will save about $30 million per year in energy costs, or about $175 million over the life of the contracts. "This is a win/win for CP&L and Cogentrix," said James M. Davis Jr., CP&L's senior vice president of Power Operations. "CP&L and our customers will benefit from the reduction in our operating costs operating costs npl → gastos mpl operacionales , and Cogentrix will continue to serve the needs of its own customers." "The restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of the five contracts represents the culmination of over two years of effort by the staffs of Cogentrix and CP&L," said James E. Lewis, executive vice president for operations at Cogentrix. "We are pleased that the resulting arrangement will enable our plants to continue serving our industrial hosts in the five communities with their process steam needs, while also providing CP&L with responsive electricity for delivery to its own customers. In addition to achieving these goals with CP&L, we are also looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to achieve similar success with our projects in Virginia." The revised agreements became effective September 26. CP&L provides electric service to 1.1 million customers in a 30,000-square-mile service area that includes much of central and eastern North Carolina Eastern North Carolina or (often abbreviated as ENC) is the region of North Carolina which includes the eastern third of North Carolina. It includes the Outer and Inner banks, thus it is often known geographically as the state's coastal region. , the Asheville area and northeastern South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . Cogentrix, headquartered in Charlotte, develops, builds owns and operates independent power assets in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and abroad. Based on net ownership of total megawatts of electricity produced by its 10 plants, Cogentrix is among the largest independent power producers in the United States. CONTACT: CP&L, Raleigh Mike Hughes Mike Hughes (b. November 17, 1974) is an Canadian professional wrestler who has competed on the North American independent promotions throughout the late 1990s and early 2000s as a co-founder and mainstay of Real Action Wrestling [1] , 919/546-6189 or Cogentrix, Charlotte Jef Freeman, 704/525-4897, ext. 605 |
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