May 30, 2003
The energy marketing subsidiary of PPL Corporation (NYSE: PPL) has signed a power purchase agreement that will add more renewable power to the Mid-Atlantic power grid.
PPL EnergyPlus, LLC, has signed an agreement with Community Energy, Inc. to purchase energy from the Bear Creek Wind Power Project for 20 years once the project begins producing electricity.
Bear Creek is a 20-megawatt wind power project located in the Wilkes- Barre/Scranton area near the Bear Creek exit of the Pennsylvania Turnpike. It is within the PJM regional transmission and wholesale electricity market area, serving seven states and the District of Columbia.
The project, which could produce enough electricity to power 5,500 homes, is targeted to come on line in December of this year.
Paul T. Champagne, president of PPL EnergyPlus, said, "This agreement is one more component in PPL's strategy to maintain a well-rounded, diverse energy portfolio."
PPL generates or purchases about 10 percent of the energy it markets from renewable sources like hydroelectric generation, biomass and municipal solid waste facilities.
According to Bob Barkanic, PPL's manager of Environmental Management, "This partnership with Community Energy furthers PPL's commitment to providing energy responsibly and balancing the need for affordable, reliable power with environmental concerns."
Barkanic also noted the efforts of the Sustainable Energy Fund of Central Eastern Pennsylvania.
"Consistent with their mission to promote and invest in clean and renewable energy technologies, the Sustainable Energy Fund worked as a catalyst to pool together resources from all of the funds in Pennsylvania to help fund the Bear Creek project," he said.
Department of Environmental Protection Acting Secretary Kathleen A. McGinty said PPL's action comes as Pennsylvania launches a $5 million initiative -- Pennsylvania Energy Harvest -- to encourage the development of clean energy sources and expands its Green Power program to require state facilities to meet 10 percent of their energy needs through renewable sources.
"PPL's decision to embrace wind energy will help the state realize dividends in environmental protection, energy security and economic growth as consumer demand for clean electricity grows," McGinty said. "Pennsylvania welcomes PPL's decision and urges other energy producers to follow their lead."
Brent Alderfer, president of Community Energy, Inc., said, "The PPL announcement is exciting for wind energy in the region. Wind energy purchases by our customers -- like the University of Pennsylvania -- created the demand for the Bear Creek wind farm, and this forward-looking commitment by PPL brings it on line. Wind energy means no smoke, no fuel, no security risk, and these leaders deserve the credit for bringing those benefits home to the mid- Atlantic."
The Sustainable Energy Fund of Central Eastern Pennsylvania, initially funded with $20 million from PPL Electric Utilities, is a nonprofit foundation created as a result of the Pennsylvania Public Utility Commission electric utility restructuring proceedings.
Wayne, Pa.-based Community Energy, Inc. is the leading wind energy marketer in the country and has been part of more than 100 megawatts of wind energy developments in the east and mid-west regions of the United States. It brought the first wind plant on line in the competitive Pennsylvania market in 1999. (For additional information, see www.communityenergy.biz.)
PPL Corporation, headquartered in Allentown, Pa., controls about 11,500 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to customers in Pennsylvania, the United Kingdom and Latin America.
SOURCE: PPL EnergyPlus, LLC
CONTACT: Constance Walker, PPL Corporation, +1-610-774-5997, or Fax:
Web site: http://www.pplweb.com/