LTV Steel Starts-Up 50 Mega-Watt Cogeneration Unit in Indiana

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Researched by Industrialinfo.com (Industrial Information Resources, Inc.; Houston, Texas). LTV Steel Company (OTC: LTVCQ) (Cleveland, Ohio) is in the process of starting up a new 50 mega-watt (MW) cogeneration unit at their East Chicago Indiana Harbor Works steel mill. This new $60 million unit is expected to be online by October of this year and once operational, it will be capable of providing approximately 80% of the mills electrical needs.

The new unit will consist of a new gas-fired boiler fueled by waste gases from an existing blast furnace and a 50MW steam turbine generator. Engineering and design is being provided by Duke/Fluor Daniel Incorporated (Aliso Viejo, CA) and the actual construction is being handled by Fluor Constructors Int'l Incorporated (Aliso Viejo, CA), both subsidiaries of the Fluor Corporation (Aliso Viejo, CA) (NYSE: FLR). Primary Energy Incorporated (Merrillville, In.), a wholly owned subsidiary of NiSource (Merrillville, In.) (NYSE: NI), provided capitalization for this project and will lease the new unit under a long-term agreement to LTV. The Indiana Harbor Works mill employs approximately 4,500 people.