ATLANTA, April 24 /PRNewswire/ -- Georgia Power recently signed a power
purchase agreement (PPA) with Greenleaf Environmental Solutions, LLC, a
subsidiary of Biomass Gas & Electric, LLC, to purchase 25 megawatts (MW) of
capacity for use beginning September 2009. The PPA is a 20-year contract.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/CLW066LOGO )
Greenleaf's plant, a biomass-fueled power generating qualifying
facility in Forsyth County, Ga., will be built on a site adjacent to an
existing construction and demolition landfill operated by Greenleaf
Recycling LLC (Greenleaf Recycling), which began operations in the fall of
2002.
This marks the first use of a "hybrid" contract for the purchase of
capacity from a renewable qualifying facility that offers components of
both power purchase agreements and qualifying facility contracts. Georgia
Power, Biomass Gas & Electric and the Georgia Public Service Commission
partnered together to create the "hybrid" contract.
Other options available for qualifying facilities to sell electricity
to Georgia Power under the Federal Public Utility Regulatory Policy Act
include:
-- Standard non-firm contract;
-- Standard contract for the purchase of capacity with fixed annual
payments;
-- Standard contract for the purchase of capacity with varying annual
payments.
Georgia Power recently conducted a workshop for qualified facility
owners to help them understand the available contract options as well as
explain the differences between renewable facilities and facilities that
meet the requirements of Georgia Power's Green Energy Program.
Over the past few years, there has been a significant increase in
renewable qualified facility contracts with Georgia Power, mainly due to
the appeal of higher avoided cost payments and federal tax credits.
Prior to 2005, Georgia Power had less than 1 MW of renewable capacity.
With the additional 25 MW in the BG&E contract, the company now has more
than 55 MW under contract.
"Georgia Power is committed to expanding its renewable portfolio and
this contract with Greenleaf Environmental Solutions is another exciting
step in that direction," said Oscar Harper, Georgia Power's Vice President
of Government and Regulatory Affairs and Resource Planning. "We hope that
the additional contract options we've made available to qualified
facilities will add additional flexibility to the power purchase agreement
process," said Harper.
Georgia Power is the largest subsidiary of Southern Company, one of the
nation's largest generators of electricity. The company is an
investor-owned, tax-paying utility with rates well below the national
average. Georgia Power serves 2.3 million customers in all but four of
Georgia's 159 counties.
SOURCE Georgia Power
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Related links:
http://www.georgiapower.com
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AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Lynn Wallace of Georgia Power,
+1-404-506-7676, or +1-800-282-1696, corpcomm@georgiapower.com
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