SOURCE: Sustainable Power Corp.

July 15, 2008 10:35 ET

Sustainable Power Corp. to Build 523 Megawatt Power Generation Facility

Company Submits Initial Application to ERCOT for the Interconnection Process for Baytown Sustainable Energy and Power Center

BAYTOWN, TX--(Marketwire - July 15, 2008) - Sustainable Power Corp. (PINKSHEETS: SSTP) is pleased to announce that it has submitted the initial application for the electrical power grid interconnection process for the Baytown Sustainable Energy and Power Center. The Baytown Sustainable Energy and Power Center is a 523 Megawatt power generation facility to be built on the Sustainable Power Corp. Baytown site, which will produce its own fuels from non-petroleum sources using the Rivera Process.

Interconnection is the process through which new electrical power generation facilities are integrated into the electrical power grid and wholesale markets for Texas. The interconnection process starts with submission of a Security Screening Study application to the Energy Reliability Council of Texas (ERCOT). ERCOT has authority over the operation of the electrical power "grid" and the wholesale power markets throughout most of Texas. Based on the information submitted for the Baytown Sustainable Energy and Power Center, ERCOT will identify any requirements for reinforcing the power transmission system to enable the new facility to be integrated while maintaining the reliable and secure operation of the grid and wholesale power markets.

"Working with ERCOT and CenterPoint Energy, the owner and operator of the transmission system in Baytown, are crucial phases in the successful development of the Baytown Sustainable Energy and Power Center. This project will bring over 500 Megawatts of electrical capacity, enough to power over 400,000 homes, in the Houston area. It will replace older fossil-fueled power generation stations with power produced from non-food renewable sources such as agricultural waste and jatropha and will reduce reliance on imported fossil fuels," according to Jim Armstrong, Vice President of Sustainable Energy Project Development for Sustainable Power Corp. "Ultimately, a reliable, secure interconnection to the power grid is the only way to ensure that the environmental and economic benefits of this project can reach the consumers in the Houston ERCOT load zone."

John Rivera, CEO of Sustainable Power Corp., stated: "The Baytown Sustainable Energy and Power Center is being developed as a model nationally and worldwide for using local resources to meet electrical power needs while addressing questions about secure energy sources and our global environment. None of these benefits can help the consumers until we are securely interconnected to the ERCOT grid. The interconnection process is long and will take a lot of work on our part and with ERCOT and Centerpoint. However, like everything we are doing here, we intend to do it right or not at all."

About ERCOT

The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to approximately 20 million Texas customers -- representing 85 percent of the state's electric load and 75 percent of the Texas land area. As the independent system operator for the region, ERCOT schedules power on an electric grid that connects 38,000 miles of transmission lines and more than 500 generation units. ERCOT also manages financial settlement for the competitive wholesale bulk-power market and administers customer switching for 6 million Texans in competitive choice areas. ERCOT is a membership-based 501(c)(4) nonprofit corporation, governed by a board of directors and subject to oversight by the Public Utility Commission of Texas and the Texas Legislature. ERCOT's members include consumers, cooperatives, independent generators, independent power marketers, retail electric providers, investor-owned electric utilities (transmission and distribution providers), and municipal-owned electric utilities.

About CenterPoint Energy

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, competitive natural gas sales and services, interstate pipelines and field services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. Assets total over $17 billion. With about 8,600 employees, CenterPoint Energy and its predecessor companies have been in business for more than 130 years. For more information, visit the Web site at www.CenterPointEnergy.com.

About Sustainable Power Corp.

Sustainable Power Corp. is an international green energy total service provider focused on producing environmentally friendly jet fuel, gasoline, diesel and marine fuel meeting all petroleum ASTM standards. The company has developed and manages a portfolio of green, non-food, agricultural feed stock to produce a revolutionary bio-crude which all jet, diesel, and gasoline engines can utilize without any modifications. www.sstp.us

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.

Contact Information

  • Investor Contact:
    Redwood Consultants, LLC
    (415)884-0348