SOURCE: Industrial Info Resources

Industrial Info Resources

July 31, 2012 06:15 ET

Everyone Wins: New Long-Term Power Purchase Agreements See Centralia Plant Units to the End of Their Lives, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jul 31, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- TransAlta (NYSE:TAC) (Calgary, Alberta), Canada's largest investor-owned energy generator, signed a long-term power purchase agreement (PPA) with Puget Sound Energy (Bellevue, Washington) that will see units 1 and 2 at the Centralia plant through to the end of their lives. Units 1 and 2 are scheduled for shutdown in 2020 and 2025, respectively, based on an agreement signed into law by Washington Governor Chris Gregoire in 2011. Units 1 and 2 are the oldest at the plant, and the 1,340-megawatt (MW) Centralia facility houses the state's only coal-fired power plant.

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