CPV entering the home stretch on 650-MW Valley Energy gas plant

Competitive Power Ventures (CPV) officials told GenerationHub May 10 they are entering the home stretch in the pre-construction tasks associated with development of the 650-MW Valley Energy combined-cycle gas plant in Orange County, N.Y.

The Wawayanda, N.Y., Planning Board signed off on a site plan for the $900m power plant on May 8. “This was the last step with the town prior to construction,” said CPV Vice President of Development Steve Remillard.

CPV is in the process of lining up an engineering, procurement and construction contractor, and could announce an EPC vendor “relatively soon,” Remillard said.

If things continue to go well, CPV could reach a financial closing on the natural gas plant in the fourth quarter and start construction shortly thereafter. June 1, 2016, is the anticipated commercial operation date for the plant, Remillard said.

CPV is bringing online its 800-MW CPV Sentinel project in California ahead of schedule and that has had a favorable effect on prospective lenders for Valley Energy, Remillard said.

CPV Valley Energy is participating in a New York request for proposals connected with Gov. Andrew Cuomo’s Energy Highway effort. CPV Communications Vice President Braith Kelly said the company believes there is a market for Valley Energy power regardless of what happens with the future of Entergy’s (NYSE:ETR) Indian Point nuclear units in New York.

Valley Energy would interconnect with the New York Power Authority Marcy Lines. “We’re glad to say we are coming down the home stretch on that,” Remillard said of the electric transmission interconnection agreement.

CPV is securing emission reduction allowances for the plant and has received needed approvals for air, water and construction, Remillard said.

The company will get its natural gas via Millennium Pipeline. The combined-cycle gas plant was licensed primarily under the New York State Environmental Quality Review Act (SEQRA) before the state revamped its energy project siting law. 

Maryland-based CPV develops, builds, and manages electricity generation facilities across the country. It is based in Silver Spring, MD, with offices in Braintree, MA, San Francisco, CA, and Toronto, Canada.

CPV has nearly 5,100 MWMW of conventional generation projects in various stages of development. The company’s asset management division has more than 4,700 MW of natural gas generation under management. CPV is also developing nearly 1,400 MW of wind power projects across North America.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.