POM & DC Water to Build a CHP Plant - Analyst Blog
08 Mars 2012 - 6:26PM
Zacks
Pepco Holdings, Inc.’s (POM) subsidiary Pepco
Energy Services, Inc. and DC Water have entered into an agreement.
As per the agreement, DC Water has been assigned the task of
designing, building and operating a Combined Heat and Power (“CHP”)
plant at the Blue Plains Advanced Wastewater Treatment Plant
(“AWTP”). AWTP is maintained by DC Water.
The Blue Plains facility collects used water from the region and
recycles it. The digester installed at the plant converts the waste
into energy. The Blue Plains’ AWTP project covers around 725 square
miles of DC, Maryland and Virginia and has a total capacity of 370
million gallons of water per day.
The construction of the new project will commence in August
2012. The cost of construction is pegged at $81 million and
involves the designing and development of the CHP project with the
use of biogas from the AWTP facility. It will generate 14 MW of
electric power and account for approximately 30% of AWTP’s average
power demand.
The company has also secured another 15-year contract worth $89
million related to on-site operations and maintenance services.
The CHP plants are high-efficiency embedded energy
infrastructures with reliable and hassle-free operations. This
newly announced CHP plant is a part of DC Water’s new thermal
hydrolysis and anaerobic digestion project. It involves utilization
of high-pressure steam from the CHP plant to raise the rate of
biogas production and neutralize contaminants in waste streams.
Pepco Energy Services Inc. is a leader in energy savings
performance contracting. It provides measurement and verification
services, along with equipment maintenance over the entire contract
term. Implementation of these kinds of recycling measures has
enabled the company to save $210 million for its clients over the
last ten years.
The company received an energy performance and maintenance
contract, valued at $27.6 million, from the Maryland Port
Administration in November, 2011. The contract extends over a
period of 13.5 years. We appreciate the measures implemented by the
company to lower greenhouse gas emissions and at the same time
minimize the waste disposal costs incurred by its clients.
Based in Washington, District of Columbia, Pepco Holdings is
involved in the transmission and distribution of electricity, as
well as delivery and supply of natural gas. The company’s major
peers include FirstEnergy Corp. (FE) and
Constellation Energy Group Inc. (CEG).
Pepco Holdings currently retains a Zacks #4 Rank (short-term
Sell rating).
CONSTELLATN EGY (CEG): Free Stock Analysis Report
FIRSTENERGY CP (FE): Free Stock Analysis Report
PEPCO HLDGS (POM): Free Stock Analysis Report
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