Frederickson Power Purchases Partially Built Power Generation Project From Bonneville Power, Natural Gas-Fired Plant Will Enhance The Region's Electricity Supply.Business Editors TACOMA, Wash.--(BUSINESS WIRE)--Aug. 4, 2000 Westcoast(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :W.) (NYSE NYSE See: New York Stock Exchange :WE) Frederickson Power and the Bonneville Power Administration The Bonneville Power Administration (BPA) is a U.S. self-financed federal agency which transmits and sells wholesale electricity in Washington, Oregon, Idaho, and western Montana. The BPA is part of the U.S. Department of Energy, and is headquartered in Portland, Oregon. today announced an agreement under which Frederickson Power will purchase, at a cost of US$25.1 million, a partially built 249-megawatt natural gas-fired electricity generation project in Frederickson, southeast of Tacoma, Washington. Frederickson Power is a partnership between Westcoast Power Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Vancouver-based Westcoast Energy Inc., and EPCOR Power Development Corporation, a wholly owned subsidiary of Edmonton-based EPCOR Utilities Inc. "Completion of the Frederickson Power project will provide an alternative to existing hydro-electric power facilities that can not meet increased demand," said Westcoast Power President Jeff Meyers. "It will produce energy safely and efficiently with a preferred fuel source which supports efforts to improve local air quality and addresses climate change concerns." The facility, formerly known as the Tenaska plant, is located near Canyon Road and 192nd Street East in the Frederickson industrial area in Pierce County Pierce County is the name of five counties in the United States:
"Frederickson Power will benefit consumers by increasing the reliability of service," said Don Lowry Don Lowry is a wargamer, businessman, illustrator, and game designer who is best known as the publisher of Chainmail and the editor of Panzerfaust Magazine. Lowry was active in the International Federation of Wargamers in the late 1960s and ran a mail order business called , 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 EPCOR. "People depend on affordable electricity to heat their homes and operate their businesses. The additional supply will reduce the risks of brown-outs and power interruptions." Westcoast Power Inc. is a wholly owned subsidiary of Westcoast Energy Inc. Headquartered in Vancouver, British Columbia, Westcoast Energy Inc. (TSE:W; NYSE:WE) is a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. energy company with assets of approximately US$8 billion. The Company's interests include natural gas gathering, processing, transmission, storage and distribution as well as power generation, international energy businesses, and financial, information technology and energy services businesses. More information about Westcoast Energy can be found on our Web site at www.westcoastenergy.com. EPCOR is an Alberta-based company with $2.4 billion in assets. EPCOR generates 1,700 MW power in Alberta; operates transmission and distribution networks; builds and operates water treatment plants; operates Canada's third largest water distribution network; and sells essential elements for living - power, water and natural gas - to customers across Canada. EPCOR also markets commercial electric services such as landfill gas management, street lighting, electrical and water meter services. More information about EPCOR can be found on our Web Site at www.epcor-group.com. The Bonneville Power Administration is a federal agency, under the U.S. Department of Energy, that markets wholesale electrical power and transmission services in the Pacific Northwest. The power comes from 29 federal dams and one non-federal nuclear plant. The dams and the electrical system are known as the Federal Columbia River Power System The Federal Columbia River Power System (FCRPS) is a series of multi-purpose, hydroelectric faciliies constructed and operated by the United States Army Corps of Engineers and the Bureau of Reclamation in the Pacific Northwest, and a transmission system built and operated by the . BPA's transmission system accounts for about three-quarters of the region's high-voltage grid, and includes major transmission links with other regions. BPA BPA British Paediatric Association. is a self-funding agency, which pays for its costs through power and transmission sales. BPA's customers include publicly owned and investor-owned utilities, as well as some large industries. |
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