Atlantic Power Corporation to Shut Down Combined-Cycle Power Station

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Researched by Industrial Information Resources (Sugar Land, Texas)--Atlantic Power Corporation (NYSE:AT) (Boston, Massachusetts) is planning to shut down its 72-megawatt (MW) Greeley Cogeneration Station in Greeley, Colorado, in the middle of 2013. The reason for the shutdown is a reduced demand for power in Colorado, in addition to the plant being one of the oldest peaking stations.

Atlantic Power Corporation said that the plant will be shut down around June 2013, with the dismantlement beginning in late 2013 or early 2014. As of now, Atlantic Power does not have contractors in place to perform the demolition, and the company will look for contractors at the end of 2013 to prepare for dismantling and removing units.

The Greeley facility was built in 1988 to sell power to the Public Service Company of Colorado under a power purchase agreement that expires in 2013. The Greeley Cogeneration Station consists of two 32-MW, LM5000 General Electric (NYSE:GE) (Fairfield, Connecticut) aero-derivative combustion turbines; two Vogt Three pressure heat recovery steam generators; and one 8-MW Westinghouse condensing extraction steam turbine. The facility also has one 0.5-MW Cummins V7163-7300 Internal Combustion Engine and a backup generator to ensure the provision of enough electricity to power local business and residences in Greeley.

Atlantic Power is a leading publicly traded generating company in the U.S. and Canada. It has several power plants under development, including windfarms and solar power plants, which are planned to be commercially operational between 2013 and 2016.

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