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OGLETHORPE POWER SIGNS AGREEMENT WITH HARTWELL ENERGY FOR OUTPUT OF PROPOSED COMBUSTION TURBINE

 OGLETHORPE POWER SIGNS AGREEMENT WITH HARTWELL ENERGY
 FOR OUTPUT OF PROPOSED COMBUSTION TURBINE
 ATLANTA, June 26 /PRNewswire/ -- Oglethorpe Power Corporation has signed an agreement with Hartwell Energy Limited Partnership, an affiliate of Transco Power Company (NYSE: E), to purchase power from a combustion turbine facility that Hartwell Energy plans to construct near the northeast Georgia town of Hartwell.
 Oglethorpe Power and Hartwell reached an agreement in principle earlier this year but continued to negotiate on several points while awaiting review and approval by the Rural Electrification Administration (REA). The agreement still must be reviewed by the Federal Energy Regulatory Commission (FERC).
 The 300-megawatt (MW) combustion turbine plant will be owned and operated by Hartwell Energy. It is scheduled for completion in 1994. The project was selected from 36 proposals submitted to Oglethorpe Power in 1990 in response to a request for proposals (RFP) for up to 700 MW of power from external providers.
 Oglethorpe Power President and CEO Tom D. Kilgore said the deal is the first major project in the state involving a utility and an independent power producer.
 "The Transco project provides us with another tool to meet the electricity needs of our Member Systems," he said.
 "Under this arrangement, we will get the benefit of needed power while avoiding much of the risk and up-front cash flow associated with power plant construction."
 Kilgore said Transco Power has a wide range of experience in independent power development. The company has developed projects totaling more than 1,100 MW throughout the country.
 Oglethorpe Power Corporation is a generation and transmission cooperative providing electric power to 39 of Georgia's 42 consumer- owned Electric Membership Corporations (EMCs). These EMCs serve more than 2 million Georgians in about 71 percent of the state's land area.
 Transco Energy Company transports natural gas through its interstate pipeline systems to markets in the eastern and midwestern United States, arranges for the transportation and sales of natural gas throughout the United States, and is active in independent power generation and natural gas vehicle fueling services. Transco also maintains modest positions in other energy-related businesses.
 -0- 6/26/92
 /CONTACT: Greg Jones of Oglethorpe Power, 404-270-7890 or 800-222-3814/
 (E) CO: Oglethorpe Power Corporation; Hartwell Energy Limited Partnership;
 Transco Power Company ST: Georgia IN: OIL SU:


EA-BR -- AT004 -- 4150 06/26/92 10:40 EDT
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Publication:PR Newswire
Date:Jun 26, 1992
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