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KeySpan Plans $300-Mil Long Island Power Plant

MELVILLE, NY-KeySpan and the Long Island Power Authority have agreed to a public/private partnership in which KeySpan will create a 130,000-sf facility and LIPA will commit to purchasing half of the power produced.

By Amy Vaughn | Updated on May 11, 2001

MELVILLE, NY-Following a press conference on May 9 announcing the Long Island Power Authority’s forecast for electrical demand for this summer, KeySpan has announced plans for a new power plant. At Wednesday’s conference, LIPA Chairman Richard M. Kessel stated there was enough power for this summer, but the outlook for the future was bleak, setting the stage for yesterday’s official unveiling of plans to create a $130 million, 130,000-sf power plant.

“We could begin to run short of capacity to meet demand in 2002, if we don’t conserve more and add new resources,” Kessel had reported. “Looking at the out-years of 2003, 2004 and 2005, the situation only gets more precarious. It’s imperative that more generating capability be added to Long Island’s base supply, and that we add new tie lines to the mainland to increase our import capacity. Otherwise, we’ll have problems much like California.”

The new facility KeySpan and LIPA propose will be, according to LIPA spokespeople, “only the second new significant generating plant to be built on Long Island in 25 years. KeySpan will build, own and operate the plant.” LIPA has agreed to purchase half the output and “KeySpan anticipates the remaining power will serve Long Island as well.”

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