Portlands Energy Centre is ready to serve Toronto



    Project is on line, on time, on budget

    TORONTO, June 26 /CNW/ - The Portlands Energy Centre (PEC) is now ready
to serve Toronto's electricity needs. The natural gas fired power station is
on line, on time and on budget.
    "This is a great day for Toronto as the Portlands Energy Centre increases
the reliability and security of the city's electricity supply," said PEC
Chairman Jim Twomey at an opening ceremony today.
    PEC has already proved its value as earlier this month the Independent
Electricity System Operator (IESO) ordered PEC to run as the city faced a
potential power shortfall during a heat wave."
    "We are very pleased that PEC is ready and able to supply electricity to
Toronto and support further growth and development in the city," says Finn
Greflund, President, Portlands Energy Centre.
    PEC was one of the last plants selected as part of the province's
Accelerated Clean Energy Supply Programs, yet was the first plant on line,
Twomey noted. Construction on the project started in October 2006, and the
first phase was completed May 31, 2008.
    "As Toronto continues to grow, we need to have a reliable source of
energy in our own backyard," said George Smitherman, Deputy Premier and
Minister of Energy and Infrastructure. "The Portlands Energy Centre is an
essential piece of our government's plan to meet Toronto's energy needs and to
secure its economic future."
    This summer PEC will operate in "simple cycle" mode and create 340 MWs to
help meet the summer power demands of the city. The plant will shut down at
the end of September and work on the combined cycle phase will be completed. 
In combined cycle waste heat is used to power a steam turbine, which will
boost the plant's output to 550MW. This also increases the efficiency of the
plant.
    Total cost of the facility will be $730 million, of which $470 million
was spent in the Greater Toronto Area. The plant primarily serves the area
between Highway 427, Victoria Park, Eglinton Avenue and the lake.
    The Portlands Energy Centre is a high-efficiency, combined cycle, natural
gas generation plant designed to meet downtown Toronto's urgent need for
electricity. When completed, the plant will provide up to 550 megawatts of
power which is about 25 per cent of central Toronto's needs. PEC is a limited
partnership of Ontario Power Generation Inc. and TransCanada Energy Ltd., a
wholly owned subsidiary of TransCanada Corporation.

    
                        www.portlandsenergycentre.com
    





For further information:

For further information: Ted Gruetzner, Portlands Energy Centre, (416)
592-4008

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