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CRSS CAPITAL ACHIEVES PROJECT MILESTONE

 HOUSTON, June 8 /PRNewswire/ -- CRSS Capital, Inc., a majority owned subsidiary of CRSS Inc. (NYSE: CRX), announced today achievement of the next step in the development of its previously announced 230 MW natural gas combined cycle power generation project in Chehalis, Wash. The Bonneville Power Administration has selected CRSS Capital's Project as part of the BPA's Resource Option Program.
 The BPA is acquiring resource options like the Chehalis Project in order to reduce the lead time required to bring plants on-line as they are needed. Resource options allow BPA to defer the costs of project development and to control the project schedule. In this way, BPA manages the timing of bringing new generating capacity on-line to better match new generation capacity needs. At the same time, this sort of contingency planning allows BPA to remain competitive and secure the lowest cost resources for its customers.
 The support this project has received from the entire Chehalis community and the Lewis County Economic Development Council has been instrumental in the development of the project. The CRSS Capital development team will continue its permitting and licensing efforts, working with the community and agencies in siting this project in the Chehalis Industrial Park. The focus now is on obtaining all the permits and licenses necessary to begin construction.
 CRSS Capital is the sole developer and 100 percent owner of the $200 million Chehalis Project.
 CRSS Inc., through its subsidiaries, is one of the largest design and construction services companies in the nation and through CRSS Capital, Inc. is a leader in the independent power and cogeneration industry. CRSS Capital, Inc., an 81 percent owned subsidiary, currently owns interests in projects which it manages having assets in excess of $823 million producing electrical and thermal energy in excess of 1,340 megawatts.
 -0- 6/8/93
 /CONTACT: Bruce Wilkinson, 713-552-2324, or Bill Gardiner, 713-552-2160, both of CRSS Capital, Inc./
 (CRX)


CO: CRSS Capital, Inc. ST: Texas IN: CST SU:

TS -- NY022 -- 6439 06/08/93 10:08 EDT
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Publication:PR Newswire
Date:Jun 8, 1993
Words:333
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