Printer Friendly

CENTERIOR ENERGY ANNOUNCES CLEAN AIR COMPLIANCE PLAN; NORTHERN OHIO ELECTRIC CUSTOMERS, ENVIRONMENT ARE CLEAR WINNERS

 CENTERIOR ENERGY ANNOUNCES CLEAN AIR COMPLIANCE PLAN;
 NORTHERN OHIO ELECTRIC CUSTOMERS, ENVIRONMENT ARE CLEAR WINNERS
 INDEPENDENCE, Ohio, Feb. 20 /PRNewswire/ -- Cleaner air at low cost. That's how officials of Centerior Energy Corporation (NYSE: CX), parent company of Cleveland Electric Illuminating Co. and Toledo Edison, today described their plans for complying with the 1990 Clean Air Act amendments.
 The 1990 Clean Air Act amendments require substantial reductions nationwide in sulfur dioxide (SO2) emissions to be achieved in two phases. Phase I will require Centerior to reduce current fossil plant emissions about 30 percent by 1995, and an additional 30 percent by the year 2000 to meet Phase II requirements.
 "Because of our diverse generating capability, and because of previous significant reductions in sulfur dioxide emissions, the impact of clean air legislation on our company is minimal," said Al Kaplan, vice president, System Engineering and Control.
 Approximately 40 percent of Centerior's generation capability comes from nuclear power which emits no sulfur dioxide or greenhouse gasses, another 30 percent comes from units that use low sulfur Appalachain coal or units equipped with scrubbers that use high-sulfur coal.
 "More than two-thirds of our generation is already in compliance or is not affected by this legislation," added Kaplan. "We are well positioned to meet additional environmental improvements at minimal cost. That's good news for us as a company, and for customers of CEI and Toledo Edison."
 Centerior will achieve these additional emissions reductions through a variety of cost-effective, flexible means that include:
 -- increased use of lower sulfur Appalachian coal at some generating units;
 -- taking advantage of the emissions allowance provisions;
 -- continued use of demand-side management programs;
 -- possible use of a scrubber or other sulfur emission reduction technology on one or two generating units during the Phase II period;
 -- continued pursuit of emerging technologies including clean-coal and natural gas co-firing.
 To achieve these least-cost compliance objectives, CEI generating facilities require capital expenditures of only $155 million during the 1992-2001 period; Toledo Edison facilities require an even lower amount -- $35 million. These expenditures cover required emissions control and monitoring equipment, and necessary plant modifications. Higher fuel costs and other operation and maintenance expenses will also be incurred. At CEI, this represents the potential for a small rate increase of one to two percent in the late 1990s to account for clean air compliance, and another small increase after the year 2000, for a combined total rate increase of no more than three to six percent. Because of smaller capital requirements, Toledo Edison's potential rate increase for clean air compliance is less than one percent in the late 1990s, and a similar increase after the year 2000, for a total of less than two percent.
 Centerior's rate projections compare favorably to other Midwestern utilities who predict rate increases of 10-30 percent or more to comply with new clean air standards.
 Centerior will submit its compliance plan in April for review by the Public Utilities Commission of Ohio. The plan will be submitted in 1993 for review by the U.S. Environmental Protection Agency.
 -0- 2/20/92
 /CONTACT: Michael J. Lumpe of Centerior Energy Corporation, 216-479-6544 or 216-623-1060 after hours/
 (CX) CO: Centerior Energy Corporation ST: Ohio IN: UTI SU:


LC -- CL010 -- 1001 02/20/92 14:11 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 20, 1992
Words:541
Previous Article:ITT SHERATON TO ACQUIRE EIGHT MARRIOTT HOTELS INCLUDING ALL-SUITE HOTEL IN COLUMBUS
Next Article:KODAK NAMES SCHMITS PRESIDENT, GM OF ESTEK
Topics:


Related Articles
CENTERIOR EXTENDS COMMON STOCK BUY-BACK PROGRAM
CENTERIOR ENERGY DECLARES QUARTERLY DIVIDEND
CENTERIOR ENERGY DECLARES QUARTERLY DIVIDEND
CEI ANNOUNCES MAJOR POWER SUPPLY VENTURE
CENTERIOR ENERGY MINORITY BUSINESS PROGRAM RECEIVES NATIONAL RECOGNITION
CENTERIOR ENERGY DECLARES QUARTERLY DIVIDEND
CENTERIOR ENERGY OPENS COLUMBUS OFFICE
CENTERIOR ENERGY DECLARES QUARTERLY DIVIDEND
CENTERIOR ADOPTS SHAREHOLDER RIGHTS PLAN
Ohio Consumers' Counsel Comments on the Proposed Merger of Two Ohio Electric Utility Companies

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters