NV Energy (NYSE: NVE) and CC Landfill Energy LLC announced that
the two companies have entered into a 20-year power purchase agreement
for the sale of energy produced from an 11-megawatt landfill gas-powered
project to be located at Republic Services’ (NYSE: RSG) Apex Regional
Landfill north of Las Vegas.
CC Landfill Energy is owned and operated by Energenic, a partnership
between long-term business partners Marina Energy and DCO Energy.
Energenic has developed and constructed similar facilities throughout
the United States, including recent projects in New Jersey and Maryland.
Named the Apex Landfill Renewable Energy Generating Facility, this
project is expected to be operating by late 2011. CC Landfill Energy
will use landfill gas extracted from a series of wells at the landfill
and use that gas in a state-of-the-art turbine-generator to make
renewable electricity for NV Energy customers. Using landfill gas in
this manner reduces dependence on other natural resources, and improves
air quality and carbon emissions.
NV Energy’s CEO and President Michael Yackira noted that the project
provides a significant environmental benefit for Southern Nevada, as
well as a reliable and consistent renewable energy resource for
customers.
“This project is remarkable because it recovers otherwise unused
landfill gas, cleans the gas with state-of-the-art technology, and then
uses that gas as fuel to generate renewable energy for our customers,”
Yackira said.
Energenic’s President and CEO Frank DiCola said his company is proud to
move the Apex Landfill Renewable Energy Generating Facility and Republic
Services toward a renewable, energy efficient future.
“This project will expand the future of renewable energy, and DCO
Energy, Marina Energy, NV Energy and Republic Services look forward to
continuing to explore new opportunities for innovative,
environmentally-friendly, renewable energy options,” he said.
DCO Energy LLC will be the engineering, procurement and construction
contractor for the project. DCO Energy LLC will operate the plant.
“Landfill gas- a clean, renewable energy source- will help Nevada meet
its recent commitment to increase its renewable energy portfolio
standard,” said Jim O’Connor, Chairman and CEO, Republic Services, Inc.
“This project, once again, demonstrates Republic’s commitment to being
part of the solution and its leadership in generating renewable energy
from solid waste.”
The Apex Landfill Renewable Energy Generating Facility is one of more
than 35 existing or proposed renewable energy facilities that are
benefiting NV Energy customers in Nevada. It will assist NV Energy in
meeting Nevada’s renewable energy portfolio standard, which was recently
increased by the state legislature. The standard requires that 25
percent of NV Energy’s sales be generated by renewable resources and
energy-efficiency and conservation programs by 2025.
The specific terms of the power purchase agreement were not disclosed.
The long-term agreement stems from NV Energy’s 2008 Request for
Proposals for renewable energy and requires Public Utilities Commission
of Nevada approval.
About NV Energy
Headquartered in Las Vegas, Nevada, NV Energy, Inc. is a holding company
whose principal subsidiaries, Nevada Power Company and Sierra Pacific
Power Company, are doing business as NV Energy. Serving a combined
54,500-square-mile service territory that stretches north to south from
Elko to Laughlin, NV Energy provides a wide range of energy services and
products to approximately 2.4 million citizens of Nevada as well as
approximately 40 million tourists annually. For more information, visit www.nvenergy.com.
About Energenic
Energenic is a joint business venture between long-term business
partners Marina Energy and DCO Energy. Energenic specializes in the
comprehensive design, development, construction and operation of
large-scale energy projects and has offices in Nevada and New Jersey.
For more information on Energenic, visit www.energenic-us.com.
Marina Energy, a subsidiary of South Jersey Industries (NYSE: SJI),
specializes in large scale, comprehensive energy projects that provide
casinos and industrial, institutional and commercial customers with
long-term economic and environmental energy value. Marina is a proven
developer of a wide range of power and environmental projects including
thermal, cogeneration, solar and landfill gas-to-electric facilities.
For more information about Marina Energy, visit www.sjindustries.com.
DCO Energy, headquartered in Mays Landing, N.J., develops onsite and
near-the-site energy production technologies for hotels, casinos,
colleges, hospitals, correctional facilities, multi-building sites and
other large-scale facilities that operate around the clock or have large
energy needs. For more information on DCO Energy, visit www.dcoenergy.com.
About Republic Services
Republic Services is a leading provider of solid waste collection,
transfer, recycling and disposal services. The company provides trash
collection services to commercial, industrial, municipal and residential
customers in 40 states and Puerto Rico through its 400 collection
companies. Republic Services owns or operates 242 transfer stations, 213
solid waste landfills and 78 recycling facilities. The company is
headquartered in Phoenix, Arizona and has 34,000 employees. For more
information, visit the Republic Services Web site at www.republicservices.com.