(Read more on the industrial market.)

PEACH BOTTOM TWP., PA-Conectiv Energy has secured the key environmental and construction permits that will allow it to begin construction of a $470-million power plant here in the first quarter of 2008. It has also entered into an agreement with Constellation Energy Group, which will purchase the plant's electrical output.

The location is near Delta at Atom and Pikes Peak roads, approximately 50 miles southeast of Harrisburg and just north of the Maryland border. A Conectiv spokeswoman tells GlobeSt.com it is approximately 10 acres of former farmland. The building's footprint is "a box of about 1,000 feet by 1,000 feet," she says, which would translate to approximately one million sf.

Newark, DE-based Conectiv is the wholesale subsidiary of Pepco Holdings Inc., a merchant energy company based in Washington DC. Conectiv will own and operate the facility. The tolling agreement with Constellation allows Baltimore-based Constellation to have marketing control of the electricity produced at the facility. It will supply natural gas to the facility and pay to acquire the output at undisclosed pricing.

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