Puget Sound Energy Completes Purchase of Goldendale Generating Station.Utility's latest power-plant acquisition trims electricity-supply shortfall BELLEVUE, Wash. -- Puget Sound Energy Puget Sound Energy (PSE) is an energy company providing electrical power and natural gas in the Puget Sound region of the northwest United States. It serves electrical power to over 1 million customers in Island, Jefferson, King, Kitsap, Kittitas, Pierce, Skagit, Thurston, and (PSE PSE 1. pale soft exudative pork. 2. portosystemic encephalopathy. ) [utility subsidiary of Puget Energy (NYSE NYSE See: New York Stock Exchange :PSD (tool) PSD - Portable Scheme Debugger. )] today completed its purchase of a modern, 277-megawatt (MW) power-generating facility in south-central Washington from the Calpine Corporation. The 2-year-old power plant in Klickitat County, acquired for $120 million under a bankruptcy proceeding, is designed to help PSE serve a steadily growing customer base across the vibrant Puget Sound Puget Sound (py  `jĕt), arm of the Pacific Ocean, NW Wash., connected with the Pacific by Juan de Fuca Strait, entered through the Admiralty Inlet and extending in two arms c. region. PSE plans a smooth transition with operations and personnel remaining largely unchanged at the newly named Goldendale Generating Station. "This plant is a great addition to our resource portfolio," said Stephen P. Reynolds, PSE's chairman, 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. . "Its purchase price gives our customers a very cost-effective source of power. And its advanced technology is among the best in the West." The plant's turbines, fired by natural gas, employ "combined-cycle" technology that generates electricity using both a natural gas cycle and a steam cycle. The process provides higher operating efficiencies, lower fuel costs, and lower air emissions. The 250 MW plant can generate up to 277 MWs of power with duct-firing capacity. The acquisition stems from PSE's need to secure about 1,500 average MWs of new power supply by 2015 to meet its customers' energy needs. PSE is still negotiating potential contracts on several other power-supply projects it identified as part of a 2005 request for outside proposals. About Puget Energy Puget Energy (NYSE:PSD) is the parent company of Puget Sound Energy (PSE), a regulated utility, providing electric and natural gas service primarily to the growing Puget Sound region of western Washington. For more information, visit: www.pugetenergy.com. About Puget Sound Energy Washington state's oldest and largest energy utility, with a 6,000-square-mile service territory stretching across 11 counties, Puget Sound Energy (PSE) serves more than 1 million electric customers and 700,000 natural gas customers. PSE meets the energy needs of its growing customer base through incremental, cost-effective energy conservation, low-cost procurement of sustainable energy resources, and far-sighted far·sight·ed or far-sight·ed adj. 1. Able to see distant objects better than objects at close range; hyperopic. 2. Capable of seeing to a great distance. 3. investment in the energy-delivery infrastructure. For more information, visit www.pse.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion