Electric Energy Inc. (EEInc), the operator of a coal-fired power plant, on Oct. 8 filed withthe Federal Energy Regulatory Commission a revised and restated cost-based power contract with the U.S. Department of Energy.
EEInc owns and operates an approximately 1,167 MW six-unit, coal-fired facility located in Joppa, Illinois. The company was formed in 1950 to provide electric energy to a uranium enrichment plant near Paducah, Kentucky. EEInc sells capacity and associated energy available from the Joppa Plant to the DOE for resale to the United States Enrichment Corp. for use at the Paducah Plant.
The current power sales agreement is scheduled to terminate as of Oct. 31, 2015. But the parties have agreed to extend the term of the agreement through May 31, 2017.