Search
 

Portland Energy Systems Ready to Cool

PORTLAND-Having at least temporarily answered financing concerns, the Enron subsidiary completes the installation of three chillers that will provide air conditioning to the 1.7-million-sf redevelopment of the former Blitz Weinhard Brewery on the northwest edge of Downtown Portland.

By Brian K. Miller | Updated on August 12, 2002

PORTLAND-There’s not that too many tenants to cool at the moment, but Portland Energy Systems has overcome financing questions and completed the first phase of a planned $15 million plant capable of cooling six million sf of commercial space.

PES General Manager Gary Heikkinen tells GlobeSt.com the system, as it stands, is capable of cooling 1.7 million sf, which not coincidentally is the ultimate size of Gerding Edlen’s redevelopment of the five-block former Blitz Weinhard Brewery on the northwest edge of Downtown Portland.

That’s a big step from February, when the Enron subsidiary had only one small chiller up and running and not enough money to add install the two larger ones. In April, however, fellow Enron subsidiary Portland General Electric, from which PES was spun out last year, won approval from the Oregon Public Utility Commission to make a $2-million loan and keep the company on track.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.