Electric Energy extends power sales deal with DOE to May 2017

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.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.