CONECTIV ENERGY Based in Newark Del., Conectiv creates electricity in independent gas-powered plants for wholesale markets, and also offers energy management services.
Conectiv merged with Potomic Electric Power Co. (Pepco) in August, 2002.
Conectiv and Pepco are subsidiaries of Pepco Holdings Inc., based in Washington, D.C., and traded on the NYSE under the symbol POM.
First completed project within the Bethlehem Commerce development area
Connection to Bethlehem Steel Brownfields Redevelopment: Conectiv signed a $9.6 million deal with Bethlehem Steel Corp. in December 2001 for 60 acres on Applebutter Road at the Bethlehem-Lower Saucon Township boundary. About 600 construction workers began work on the 44-acre plant on March 28, 2002.
On New Year's Day 2003, Conectiv Energy became the first operational redevelopment project on the former Bethlehem Steel Corp. brownfields site along the Lehigh River when three of six planned power turbines went online at the $650 million gas-fired facility. The facility employs 45 people and currently produces 320 megawatts of power serving Pennsylvania, Delaware, New Jersey, Maryland and Virginia.
The remaining three turbines are expected to be online in 2004. At full capacity, the facility will produce up to 1,100 megawatts of power.
The facility is known as a "mid-merit" plant, meaning it is gas-fired and recovers some of the waste heat to produce more electricity without more fuel. It's been recognized by several state and federal agencies for its innovation in this area. It was the first plant of this type to be built in Pennsylvania, and Conectiv has plans for as many as six more across the commonwealth.
Future plans for the site include administration buildings. As of December 2003, a timetable for that construction had not been released.
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