Complete Energy and KGen Terminate PSA.HOUSTON -- Complete Energy Holdings, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Complete Energy") announced today that they have reached an agreement with KGen Power Corporation ("KGen") to terminate their Purchase and Sale Agreement signed on June 18, 2007. The PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. between wholly-owned subsidiaries of Complete Energy and KGen related to the sale of Batesville Generating Facility, an 837 MW gas-fired combined cycle A combined cycle is characteristic of a power producing engine or plant that employs more than one thermodynamic cycle. Heat engines are only able to use a portion of the energy their fuel generates (usually less than 50%). The remaining heat from combustion is generally wasted. plant in Batesville, MS, and La Paloma Generating Company, LLC, which operates a 1,022 MW gas-fired combined cycle plant in Kern County, CA, by Complete Energy to KGen. "We are delighted with the outcome," says Lori Cuervo, Managing Director of Complete Energy. "Considering the current trend in the energy industry, we feel greater opportunities lie ahead for Complete Energy now that this deal has been terminated." Batesville Generating Facility and La Paloma Generating Company will continue to be owned and operated by Complete Energy-owned CEP CEP congenital erythropoietic porphyria. CEP abbr. congenital erythropoietic porphyria Operating Company operating company A business that engages in transactions with outsiders. . ABOUT COMPLETE ENERGY Complete Energy is an independent power generating company established in January 2004 to acquire, own and operate merchant and contracted electric generating facilities in key U.S. markets. It is led by industry veterans Lori Cuervo, Peter Dailey, and Hugh Tarpley. For more information, visit www.complete-energy.com. |
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