Fulcrum Power Services to Provide Energy Management Services to Complete Energy's 1,022 MW La Paloma Facility.HOUSTON -- Fulcrum fulcrum: see lever. Power Services L.P. ("Fulcrum") announced today that it has entered into a comprehensive energy management services agreement with a subsidiary of Complete Energy Holdings, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Complete") to manage the 1,022 MW La Paloma power generation facility in Kern County, California Kern County is a county located in the southern Central Valley of the U.S. state of California. Established in 1866, it extends east beyond the southern slope of the Eastern Sierra Nevada range into the Mojave Desert, and includes parts of the Western Indian Wells Valley, and . Complete recently acquired the natural 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. facility from a creditor group that included financial institutions and hedge funds. Services provided by Fulcrum in the long-term arrangement include commercial optimization, fuel procurement, scheduling, real-time dispatch, outage management, power transmission and gas transportation management. According to Jesson Bradshaw, Sr. Partner in Fulcrum, "Fulcrum currently provides energy management services to Complete's 837 MW power generation facility in Batesville, Mississippi. We are excited to have an opportunity to work with Complete in managing their second power plant acquisition and are looking forward to the growth of Fulcrum's energy management services in California." Fulcrum provides customer focused, cost effective energy services for the management of power generation and load obligations in the wholesale energy markets across the U.S. The company has extensive nationwide energy experience and is actively managing over 2,000 MW of generation and 1,500 MW of load. Fulcrum is a FERC FERC Federal Energy Regulatory Commission FERC FEMA Emergency Response Capability licensed power marketer, a Level 4 Qualified Scheduling Entity in ERCOT ERCOT Electric Reliability Council Of Texas, Inc. , a qualified Scheduling Coordinator with the CAISO CAISO California Independent System Operator , and provides similar service in all other regional U.S. power markets. Fulcrum's nationwide services include commercial optimization, scheduling, real-time dispatch, load forecasting, supply procurement, fuel supply, position/risk management, asset management, forward hedging, settlements, and invoicing. In addition to power generators, Fulcrum provides services to new and incumbent retail electric providers and large commercial and industrial consumers. For more information on Fulcrum, visit the website at www.fulcrumpower.com. For more information on Complete, an acquirer, owner and operator of power generation assets, visit www.complete-energy.com. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion