EC October 2008

ec@lists.wvsierraclub.org

17 participants
43 discussions

Fwd: Longview updates
by James Kotcon 06 Oct '08

06 Oct '08

To the Sierra Club Energy committee: Any thoughts on what the articles below might mean? I am not sure what "mezzanine" financing is, or what this means for the future of Longview, but I would agree with Paula's comments "not a good time to be asking for financing". The article implies that "First reserve" now owns 90 % of Longview, does that mean Longview unloaded just in the nick of time? Who would we be dealing with if the plant actually goes on line in 2011? If so, in 2010, the non-profit funding from our air permit settlement comes in? JBK >>> Paula Hunt <pjhunt(a)xemaps.com> 10/5/2008 9:19 AM >>> Hi All, Two things: ********************** I found some photos of Longview... great shots http://good-times.webshots.com/album/565599401uSyMvK They are posted by a GenPower mechanical engineer (so his profile says). He must have a helicopter at his disposal... He posted them late August and last updated them late September. The caption below says, " Aerial Photos of Longview Power Plant and Force Drilling Work Site" What are they drilling Jarrett? Is it to stabilize the surface from undermining? They seem to have a lot of ponds onsite. ******************** The mezzanine financing for Longview is due soon (not a good time to ask for credit!): > Commitments Due In Longview Financing >- 10/03/2008 > >Commitments are coming due in Merrill Lynch's $250 million mezzanine >financing for Longview Power, owner of a 695 MW supercritical >pulverized coal plant under construction in Maidsville, W. Va. > >Ticket sizes were not specified for the debt, which will mature in >February 2015, according to deal trackers, who say the lead has >approached potential investors individually to judge the appetite of >each. Pricing is reportedly 10% fixed plus 4% payment-in-kind. One >deal tracker notes the lead also offered variable rate pricing that >would roughly amount to 10%, but most investors have wanted fixed. >Potential investors reportedly include ArcLight Capital Partners, >Fortress Investment Group, Harbert Power, LS Power, Trust Company of >the West and Union Bank of California. Officials at the firms either >declined comment or did not return calls. Calls to Merrill officials >were not returned. A spokeswoman for First Reserve Corp., which owns >90% of Longview, declined to comment or make an official available, >and calls to GenPower Holdings (10%) were not returned. > >The owners opted for the mezzanine financing after terminating an >auction for 49% of the company (PFR, 8/22). That auction came after >a $450 million mezzanine financing was put on hold last year to test >the waters of an auction. The project is set to come online in the >spring of 2011. It has a five-year PPA for 300 MW with PPL Energy >Plus and the remaining power will be sold into the western PJM market. - paula

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FW: 2009 National Electric Transmission Congestion Study
by Grubb, Karen 02 Oct '08

02 Oct '08

-----Original Message----- From: nietcwebmaster(a)anl.gov [mailto:nietcwebmaster@anl.gov] Sent: Thursday, October 02, 2008 4:45 PM To: Grubb, Karen Subject: 2009 National Electric Transmission Congestion Study ************************************************************ 2009 National Electric Transmission Congestion Study ************************************************************ IMPORTANT NOTE: REGISTRATION REQUIRED FOR 2009 STUDY! ***************************************************** You are receiving this e-mail because you subscribed to the National Interest Electric Transmission Corridor e-mail notification list. To receive further e-mail announcements regarding the 2009 Congestion Study, you must visit the 2009 Congestion Study Web site at http://congestion09.anl.gov/index.cfm and subscribe anew for further e-mail notices by entering your e-mail address in the "Subscribe" box on any page on the Web site. The 2009 National Electric Transmission Congestion Study ******************************************************** The Federal Power Act, as modified by the Energy Policy Act of 2005, requires the Department of Energy (DOE) to complete a study of electric transmission congestion every three years. DOE issued the first "National Electric Transmission Congestion Study" (Congestion Study) in August 2006. The Department has now initiated preparations for the 2009 Congestion Study, and seeks comments on what publicly-available data and information should be considered, and what type of analysis should be performed, to identify and understand the significance and character of transmission congestion. See the 2009 Congestion Study Federal Register notice on the 2009 National Electric Transmission Congestion Study Web Site for more information. http://congestion09.anl.gov/documents/docs/FR_Notice_4_June_08.pdf Submitting Comments on the 2009 Congestion Study ************************************************ Persons interested in providing comments concerning the process and congestion metrics for the 2009 Congestion Study may submit written comments by mail, or submit them to DOE electronically using the online comment form on the 2009 Congestion Study Web site. Public comments on the 2009 National Electric Transmission Congestion Study submitted to date by mail, electronically, or at the 2009 Congestion Study workshops, are now available for downloading or browsing on the 2009 National Electric Transmission Congestion Study Web Site: http://congestion09.anl.gov/involve/searchcomment/index.cfm For More Information ******************** For more information about the 2009 Congestion Study, and related public involvement activities, visit the 2009 National Electric Transmission Congestion Study Web Site: http://congestion09.anl.gov/, or contact us by e-mail to: congestion09(a)anl.gov Forward This Message ******************** Please forward this message to any party you feel may be interested in the 2009 National Electric Transmission Congestion Study _________________CONTACTS/SUBSCRIPTIONS_____________________ FEEDBACK -------- To submit feedback, contact the Congestion Study webmaster at congestion09(a)anl.gov PRIVACY POLICY -------------- Our online privacy policy is at: http://www.energy.gov/privacy.htm. SUBSCRIBE/UNSUBSCRIBE --------------------- To subscribe or unsubscribe to the Congestion Study e-mail service, go to the following URL: http://congestion09.anl.gov/email/index.cfm. If the above URL is not enabled as a link, please copy it into your browser window to access our E-Mail Services Page. ------------------------------------------------------------

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INCLUDE JESSE
by Regina Hendrix 02 Oct '08

02 Oct '08

In case some of you didn't get this.... Please take a moment and E-Mail these people urging them to include Jesse in this debate which is taking place on the public airways. Regina

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EC October 2008