ODEC and Mitsubishi Finalize Contract

GLEN ALLEN, Va., Sept. 18, 2013 /PRNewswire/ — Old Dominion Electric Cooperative (ODEC) finalized the terms of its agreement with Mitsubishi Power Systems Americas, Inc. at an official contract signing ceremony held on September 17, 2013 at ODEC’s Glen Allen, Virginia headquarters.  Mitsubishi will supply two natural gas powered turbines and associated electric generators to ODEC’s proposed Wildcat Point generation facility.

Wildcat Point will be a natural gas power plant located in Cecil County, Maryland, adjacent to ODEC’s  existing Rock Springs plant.  The power plant will be one of the cleanest natural gas facilities of its size in Maryland and will generate approximately 1,000 megawatts, enough to power 390,000 homes in the region annually. The plant is expected to become operational in 2017.

President and CEO of ODEC Jack Reasor and Koji Hasegawa, CEO of Mitsubishi power systems, executed the contract in front of an audience of ODEC and Mitsubishi staff.  

http://finance.yahoo.com/news/odec-mitsubishi-finalize-contract-165800339.html