Fitch notes that even though OrCal sells 48% of capacity under a PPA expiring in 2015, OrCal's status as a qualifying facility
and a base-load, renewable generator provides significant assurance that OrCal will receive at least the avoided cost of output for the off-take utility.
The Indiantown project consists of a 330-megawatt coal-fired qualifying facility
located in Martin County, Florida, supplying energy and capacity to FP&L and steam to Louis Dreyfus Citrus.
At the discretion of the local BCBS Plan and under a specified contingency process, a facility that provides the full range of cardiac services but does not provide on-site coronary artery bypass graft (CABG) surgery may be considered for Blue Distinction designation if it is part of a cooperative system with a qualifying facility
that provides emergency backup CABG for percutaneous coronary intervention (PCI) and meets our contingency criteria.
Over the last few months, the Company has purchased/leased significant new geothermal reserves, been short listed by utilities for power purchase agreements in a number of cases, completed test drilling on one well, and begun on another while its first reserve was designated as a qualifying facility
by the Federal Energy Regulatory Commission; this designation requires utilities to buy the facility's output and to carry its power over their transmission lines even if it is sold to other utilities.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding: our beliefs about the potential for geothermal power generation on our leased properties; our beliefs about our ability to exploit the available geothermal resources; our beliefs about the benefits of Qualifying Facility
status; our beliefs about the strength and enforceability of our agreements; and our beliefs about the geothermal market generally.
Raser also announced that the project has received certification as a Qualifying Facility
from the Federal Energy Regulatory Commission (FERC).
NYSE Arca: RZ) announced at its annual meeting of shareholders that its first geothermal power production facility has been certified as a Qualifying Facility
Northampton consists of a 112 megawatt (MW) (net) coal-fired qualifying facility
in Northampton County, PA.
SCE is seeking offers for physical natural gas supplies and financial natural gas products of up to 59 months in duration for its "tolling(a)" generation agreements, its new Mountainview power plant and its gas exposure related to its energy purchased under qualifying facility
Northampton consists of a 112-megawatt (MW) (net) coal-fired qualifying facility
in Northampton County, PA, that supplies energy to Metropolitan Edison Co.
In addition to risks discussed elsewhere, risk factors specifically affecting FPL Energy's success in competitive wholesale markets include the ability to efficiently develop and operate generating assets, the successful and timely completion of project restructuring activities, maintenance of the qualifying facility
status of certain projects, the price and supply of fuel (including transportation), transmission constraints, competition from new sources of generation, excess generation capacity and demand for power.