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MCV CELEBRATES TWO SUCCESSFUL YEARS OF OPERATION

 MCV CELEBRATES TWO SUCCESSFUL YEARS OF OPERATION
 MIDLAND, Mich., March 16 /PRNewswire/ -- The Midland Cogeneration


Venture (MCV), which entered commercial operation two years ago today, is a key player in providing Michigan's energy resources.
 "Over the last several years, the MCV has become a model ... a living example of how the right ingredients -- like people, technology and procedures -- go together in just the right way for real success," said MCV President and CEO Rodney E. Boulanger.
 "The MCV has established itself as proven and progressive, and we have provided efficient, reliable, clean energy at times of critical need in Michigan," said Boulanger.
 On Feb. 12, 1992, the MCV set new daily and hourly production records when 34,842 megawatt hours of electricity were produced during the day and 1,496 megawatt hours of electricity were produced during the hour ending at 6 a.m.
 The MCV met its contractual obligations during its first two years of operation, establishing a 97.7-percent availability on its Power Purchase Agreement with Consumers Power Company during that time period. The MCV's major customers are Consumers Power for electricity and The Dow Chemical Company for steam and electricity.
 The MCV complies with all state and federal regulations and is among the cleanest forms of energy production available.
 Natural gas to fuel the project is secured under long-term contracts ranging from 10-20 years and represents a diverse mix of suppliers from Michigan, the U.S. and Canada. While relying on its long-term contracts of up to 207 million cubic feet (mmcf) of natural gas per day, the MCV was able to also utilize spot market purchases in 1991 to lower gas prices. During the past two years of commercial operation, 118 billion cubic feet of gas were consumed by the facility.
 In addition, MCV continues to expand its leadership role in the Midland area through community service involvement of its 139-member work force in a variety of health, human service, educational and civic projects. MCV's $9 million wage and benefit program also provides a healthy economic spin-off of goods and services purchased in mid- Michigan.
 The MCV partnership was formed in 1987 to acquire the usable portion of the uncompleted nuclear plant, build and operate a gas-fired, combined cycle cogeneration plant. The plant is capable of producing 1,370 megawatts of electricity and up to 1.35 million pounds per hour of process steam for industrial use.
 MCV partners include CMS Midland, Inc., a subsidiary of CMS Energy Corporation; The Dow Chemical Company (limited partner); Source Midland Limited Partnership, an affiliate of Panhandle Eastern Corporation; Coastal Midland, Inc., a subsidiary of The Coastal Corporation; MEI Limited Partnership, an affiliate of Asea Brown Boveri, Inc.; Micogen Limited Partnership (limited partner), an affiliate of Fluor Corporation; and C-E Midland, Inc. (limited partner), a subsidiary of ABB-Combustion Engineering, Inc.
 -0- 3/16/92
 /CONTACT: Linda L. Sims of MCV, 517-839-6714/ CO: Midland Cogeneration Venture ST: Michigan IN: OIL UTI SU:


ML-SB -- DE017 -- 8260 03/16/92 11:15 EST
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Publication:PR Newswire
Date:Mar 16, 1992
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