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Industry News

New York State Panel Okays Big Apple Power Plant

LCG, Sept. 6, 2001--New York State's Siting Board on Electric Generation and the Environment has approved a 250 megawatt expansion of the Ravenswood power plant owned and operated by KeySpan Corp., the company said yesterday.

The approval means that construction on the plant in the New York City borough of Queens could start in early November, and that the facility could be on-line in 2003.

Ravenswood, which KeySpan acquired from Consolidated Edison Co. of New York, is already the largest power plant in the Big Apple at 2,160 megawatts, and will be made even larger with the installation of a 250 megawatt natural gas-fueled unit.

"With today's approval by the Siting Board, we look to begin construction on our new Ravenswood plant in November, and to have it operational in 2003," Robert B. Catell, chairman and chief executive officer of KeySpan, said yesterday. "We saw how tight energy supplies were this past summer. The new plant, which will be one of the cleanest and most efficient ever built, will provide New York City with critically needed electric power."

Since KeySpan acquired Ravenswood in June 1999, the company has spent $9 million on air quality improvement projects and turned it into one of the lowest emitting power plants in New York City, the company said.

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