Constellation Completes Oleander Merchant Power Plant

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Constellation Generation Group, a business unit of Constellation Energy Group (NYSE: CEG) (Baltimore, MD) has completed the construction phase of the $200 million Oleander power plant project in Florida. Located near the city of Cocoa, the 680-megawatt plant will enter into full commercial operation sometime this month and will provide electricity during hours of peak demand. Output from the plant will be sold on the wholesale market and to Seminole Electric Cooperative.

Engineering, construction, and procurement services were contracted to Lockwood Greene (Atlanta, Georgia). Construction started last summer and continued on schedule through May of this year.

Constellation Energy Group is a holding company that includes a group of competitive energy businesses focused mostly on wholesale power marketing, merchant generation, and portfolio management in North America, and the Baltimore Gas and Electric Company (BGE), a regulated gas and electric delivery company serving Central Maryland.

Constellation Generation Group controls over 9,000 megawatts of electricity, and will own and operate more than 12,000 megawatts by the end of 2003.