TRONA, CA--(Marketwire - Nov 29, 2012) - DCO Energy California, a subsidiary of DCO Energy, announced that it has acquired Exelon's approximate one-third interest in the ACE Cogeneration Facility, located in Trona, CA (located in San Bernardino County). ACE Cogeneration is designated as a Qualifying Facility (QF) by the Federal Energy Regulatory Commission.
ACE Cogeneration Facility, which produces 108 MW of electricity, is one of the largest coal-fired cogeneration facilities in California. DCO Energy will replace the coal generation facility with state of the art natural gas generation technology, which will produce clean, efficient energy, reduce greenhouse gas emissions, and continue to provide cost effective energy to Southern California Edison, and steam to Searles Valley Minerals.
DCO Energy's $200 million redevelopment of the facility will create 200 jobs and is expected to be completed and online by 2017.
"We are excited about this acquisition," said Frank DiCola, President and CEO of DCO Energy. "This acquisition allows for another opportunity to utilize our expertise in developing, owning and operating cogeneration facilities here at ACE, and to generate clean, efficient power for residents of Southern California."
Terms of the sale are not being disclosed.
About DCO Energy
DCO Energy is a leader in the clean energy movement. DCO Energy's mission is laser-focused -- to develop Central Utility Facilities, Cogeneration, and Distributed Generation Plants for the purpose of allowing our customers to receive the lowest possible energy cost with the highest energy efficiency possible. DCO offers the flexibility of structuring the transaction as a design, develop, build, own and operate [off-balance sheet] or develop, design, build and transfer. DCO has been working on clean energy -- cogeneration/combined heat and power projects for two decades. Please visit www.dcoenergy.com for more information.