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Stockton Cogen Prepares to Close After 24 Years of Operation

Stockton Cogen is a cogeneration power plant in Stockton, California, that announced recently that it would be preparing to close in the next couple of weeks.

Released Thursday, March 15, 2012

Stockton Cogen Prepares to Close After 24 Years of Operation

Researched by Industrial Info Resources (Sugar Land, Texas)--Stockton Cogen is a cogeneration power plant in Stockton, California, that announced recently that it would be preparing to close in the next couple of weeks. The station has provided more than 60 megawatts (MW) of coal-fired generation to the area since early 1988.

The station is owned by Stockton Cogen Company Incorporated, a subsidiary of Air Products & Chemical Incorporated (NYSE:APD) (Allentown, Pennsylvania). The facility consists of two units: one coal-fired unit consisting of a 60-MW Alstom steam turbine generator set with a Foster Wheeler (NASDAQ:FWLT) circulating fluidized bed boiler and a 2.76-MW solar turbine with a Nooter/Ericksen heat recovery steam generator (HRSG). The facility was constructed by The Industrial Company (TIC) (Steamboat Springs, Colorado), a subsidiary of Kiewit Power Company (Lenexa, Kansas) and has supplied steam to the Corn Products International Incorporated (NYSE:CPO) plant in Stockton and electrical generation to PG&E Corporation (NYSE:PCG) (San Francisco, California) for the past decade.

The closing comes as no shock to residents, as high renewable portfolio standards and pending legislation and regulations will severely curtail California's coal-fired generation. The state is focusing on alternatives such as natural gas and nuclear, as well as a large renewable energy portfolio. Several other facilities throughout California are looking to either close or convert to other fuel sources such as gas or biomass.

California's current renewable portfolio contains more than 21 gigawatts (GW) of renewable energy in operation, consisting of wind, hydro, geothermal, and solar facilities. The state is forecast to have more than 23 GW of generation in development over the next five to 10 years to help meet the renewable portfolio standards. The state is expecting the closure of more than 3 gigawatts of mostly fossil-fueled generation over the next six years.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
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