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Mr. Kessel said LIPA planned to create a $100 million reserve fund to help offset future increases in the cost of fuel and purchased power.
Dominion Resources, owner of the largest electric utility in Virginia, will pay $49 million for two generating plants in the state to reduce reliance on purchased power.
For the optimally designed non-autonomous HGPS, for maximum purchased power of 50 kW, based on current rates, the costs are 92.6% less than that of the autonomous HGPS, in exchange for 5778 tons of CO2 emissions.
(One reason that deregulation became popular in the first place was that utilities had signed contracts obligating them to pay prices for purchased power that turned out to be far higher than market prices.
But Mr. Kessel said that the authority had a separate provision calling for the imposition of a temporary surcharge to cover the costs of rising fuel and purchased power costs and that the surcharge did not require the commission's approval.
This makes the Kalina Cycle ideal for utilising heat generated from industrial proces-ses such as steel or cement making to supplement the otherwise purchased power requirements of the manufacturing facilities".
Similar(37)
"Purchasing power is eroding.
But purchasing power's important.
"Purchasing power is increasing quite rapidly.
Lower inflation is boosting consumers' purchasing power.
Purchasing power is in short supply.
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