Energy Industry
Industry: Email Alert RSS FeedExcelsior Files Petition with Minn. PUC for Mesaba Power Purchase Agreement
Gas - to - Liquids News, January, 2006 by Anonymous
Minnetonka, Minn.-based Excelsior Energy filed its petition with the Minnesota Public Utilities Commission seeking approval for a 603MW power purchase agreement with Exel Energy's Northern States Power unit.
The agreement states that Northern States Power will buy electricity generated at Excelsior's yet-to-be-built Mesaba IGCC plant.
The $2 billion coal-to-power plant is still in the planning stages, but Tom Micheletti Excelsior's co-president and CEO told GTLN that the formal front-end engineering and design (FEED) study on the project could start as early as next month.
"We have all our initial funding through state and federal sources," he said. Micheletti plans to use about $19.5 million from the state of Minnesota and $36 million from the U.S. Department of...
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