EDMONTON, May 6 /CNW/ - EPCOR Power L.P. (TSX: EP.UN) (the Partnership)
and EPCOR Power Equity Ltd. (TSX: EPP.PR.A) (the Corporation), a subsidiary of
the Partnership announced the completion of its repowering project for its
North Island facility (North Island).
North Island is a 40 megawatt, natural gas-fired combined heat and power
facility located in San Diego, California. The project involved the
replacement of its GE LM5000 natural gas turbine with a more efficient GE
Final capital costs for the project was approximately U.S. $17.6 million,
lower than the original estimated cost of U.S. $19 million. The repowering
project started on March 20, 2009 once the required construction permit was
received and was completed 42 days later (3 days ahead of schedule) on May
1st, in time for the summer peak demand season in Southern California.
"The repowering of North Island was completed slightly ahead of schedule
and under budget", said Brian Vaasjo, President of the General Partner of
EPCOR Power L.P. "Not only does the LM6000 gas turbine provide many benefits
such as decreased water usage and improved reliability and efficiency, it also
benefits the environment through a lower nitrogen oxide requirement. The North
Island facility is now fully operational for the start of its peak summer
revenue period where higher capacity payments and bonuses are achieved through
high plant availability."
Completion of the North Island project and the current enhancements to
the Partnership's two North Carolina facilities continue to demonstrate the
Partnership's operational and commercial expertise.
About EPCOR Power L.P.
Established in 1997, EPCOR Power L.P. is a limited partnership organized
under the laws of the Province of Ontario. The Partnership's portfolio
consists of 20 wholly-owned power generation assets located in Canada and the
United States, a 50.15 per cent interest in a power generation asset in
Washington State, and an overall 15.4 per cent equity interest in Primary
Energy Recycling Holdings LLC (PERH). The Partnership's assets have a total
net generating capacity of 1,464 megawatts and more than four million pounds
per hour of thermal energy. PERH wholly owns four recycled energy assets in
the United States with an aggregate generation capacity of 283 megawatts and
nearly two million pounds per hour of thermal energy, and has a 50 per cent
interest in a pulverized coal facility. EPCOR USA Ventures LLC, formerly
Primary Energy Ventures LLC, a wholly-owned subsidiary of the Partnership,
manages and operates these facilities for PERH. For more information on the
Partnership, please visit: www.epcorpowerlp.ca.
About EPCOR Power Equity Ltd.
The Corporation was incorporated under the laws of the Province of
Alberta on June 26, 1998 and is a subsidiary of the Partnership. The
Corporation operates as a holding company and indirectly holds all of the
Partnership's business and power generation and other assets in the United
States, including the Partnership's Castleton, Curtis Palmer, Manchief,
Frederickson, Naval Station, North Island, Naval Training Center, Oxnard,
Greeley, Kenilworth, Roxboro, Southport and Morris power generating
facilities. These facilities have a total generating capacity of approximately
1,144 megawatts (representing approximately 78 per cent of the total
generating capacity of the Partnership's assets) and more than four million
pounds per hour of thermal energy (representing 100 per cent of the total
thermal energy capacity of the Partnership's assets). In addition, the
Corporation holds, through a wholly-owned subsidiary, the Partnership's
overall 15.4 per cent equity interest in PERH. For more information on the
Corporation, please visit: www.epcorpowerlp.ca.
For further information:
For further information: Media inquiries: Tim LeRiche, (780) 969-8238;
Unitholder and analyst inquiries: Randy Mah, (780) 412-4297, (866) 896-4636