Competitive Power Ventures, Inc. - Energy Highway

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CPV VALLEY ENERGY CENTER A. EXECUTIVE SUMMARY 1.0 Project Abstract CPV Valley Energy Center, located in Orange County, New York, is an technologically-advanced clean combined-cycle power generation project that is expected to deliver over $270 million of annual reductions in electric costs for New York ratepayers, significantly reduce harmful pollutants by displacing power generated from older, dirtier generation sources, add dispatch flexibility to spur intermittent renewable resource development and spur over $1 billion in private investment in the local economy. Following over 4 years of development activity, the CPV Valley Energy Center is nearing completion of all major permits to start construction and represents an immediate actionable project that could meet the objectives and goals of the Energy Highway initiative. 2.0 Executive Summary The CPV Valley Energy Center is 650 MW advanced stage development project that meets the objectives and goals of the Energy Highway initiative set forth by Governor Cuomo. The CPV Valley Energy Center offers New York an opportunity to build a stronger economic future as well as enhance and modernize New York’s electric power system. The CPV Valley Energy Center offers New York: • $273 million of average annual reduction in electric costs for the ratepayers of New York, • Reduction in NO x emissions, SO x emissions, and Mercury emissions by approximately 816 tons, 325 tons and 4 lbs per year, respectively, • Reductions in 494,000 tons per year of greenhouse gas emissions due to the high efficiency of combined-cycle generation and the displace of older, less efficient units, as well as the water conscious design of the CPV Valley Energy Center will make a positive impact on New York’s environmental profile, • Over $1 billion of economic benefit to the local economy from the construction and long-term operation of the CPV Valley Energy Center, • 1,890 of new jobs from the construction of this new $900 million state-of-art generation facility, • 131 jobs during the operating life of the project, and • Enhancements for the long-term reliability of New York’s electric system through the addition of new dual fuel generation and transmission capabilities, thereby reducing New York’s dependency on older, less efficient generation technology, especially in densely populated areas. CPV Valley Energy Center is in an advanced stage of development with the SEQRA Findings Statement being adopted by the Lead Agency in May of 2012, and a number of interconnection and deliverability studies completed by the New York Independent System Operator (NYISO). The CPV Valley Energy Center represents an immediate actionable project that could begin construction in 2013 for an in-service date in 2016. This opportunity provides a low-risk option for New York to make meaningful reductions in the cost of electricity for New York ratepayers while improving the air and water quality in the state and creating a stronger economy. New York Energy Highway 1 | P age
CPV VALLEY ENERGY CENTER B. REQUIRED INFORMATION 1.0 Respondent Information 1.1 Company Information CPV is pleased to submit information regarding its proposed CPV Valley Energy Center (CPV Valley or Project) in response to the Energy Highway Task Force Request for Information (RFI). Specific questions regarding CPV, the Valley project and any information contained herein should be directed to: 1.2 CPV Overview and Experience Mr. Steven Remillard Competitive Power Ventures, Inc. 50 Braintree Hill Office Park, Suite 300 Braintree, MA 02184 Tel: (781) 817-8970 www.cpv.com CPV is a leading North American electric power generation development and asset management company headquartered in Silver Spring, Maryland, with offices in Braintree, Massachusetts; San Francisco, California; and Toronto, Canada. CPV has concentrated on clean energy, developing wind-powered and high efficiency natural gas generation to meet growing electric demands. CPV is majority owned by Warburg Pincus, a leading global private equity firm that has invested over $40 billion in approximately 650 companies worldwide. For more information on CPV, please visit the CPV website at www.cpv.com. CPV’s management team has a proven track record in the development, financing and operations of numerous power projects throughout the US and abroad. CPV's management team has successfully developed over 20,000 MW of power projects that are currently in operation, and have acquired or monetized more than $10 billion of generation assets. The experience and leadership of the CPV management team has established CPV as a premier electric power generation development and asset management company in North America. CPV specializes and focuses on three (3) power generation business lines: 1.) Natural Gas-Fired Generation - CPV is actively developing natural gas-fired generation projects in select markets in North America. CPV’s thermal development group is leading the development and/or construction of over 5,800 MW of natural gas-fired projects in various stages of development of which: • 1,458 MW are under or have been awarded long term contracts or PPAs with Load Serving Entities (LSE). • 728 MW are currently under construction with COD projected for Q1 2013. 2.) Renewable Energy Development – CPV’s renewable energy development and construction portfolio includes approximately 3,600 MW (gross) of wind power projects across North America, of which 1,125 MW (gross) are located within Canada. CPV’s renewable portfolio consists of: • 317 MW under long term Power Purchase Agreements (PPA) • 152 MW in operation • 165 MW in construction New York Energy Highway 2 | P age
Page 1 and 2: THE CPV VALLEY ENERGY CENTER
Page 3: Table of Contents 5.4 Potential Dec
Page 7 and 8: CPV VALLEY ENERGY CENTER substation
Page 9 and 10: CPV VALLEY ENERGY CENTER The ratepa
Page 11 and 12: CPV VALLEY ENERGY CENTER Generation
Page 13 and 14: 2011 Facilities Study, the Project
Page 15 and 16: CPV VALLEY ENERGY CENTER Marcy Sout
Page 17 and 18: CPV VALLEY ENERGY CENTER report pre
Page 19 and 20: CPV VALLEY ENERGY CENTER The Final
Page 21 and 22: CPV VALLEY ENERGY CENTER Financial
Page 23 and 24: CPV VALLEY ENERGY CENTER settings.
Page 25 and 26: Appendix A Project Description The
Page 27 and 28: Appendix B CPV Valley Energy Center
Page 29 and 30: Appendix B CPV Valley - NYISO Zone
Page 31 and 32: ID Task Name 1 CPV Valley Energy Ce
Page 33 and 34: Appendix E Point of Electrical Inte
Page 35 and 36: TABLE OF CONTENTS ACRONYMS 1.0 EXEC
Page 37 and 38: 4.0 CULTURAL RESOURCES.............
Page 39 and 40: 7.4.1.3 Secondary Economic Impact D
Page 41 and 42: 9.2.5.3 Availability and Certificat
Page 43 and 44: 11.3.5.3 Water/Wastewater Interconn
Page 45 and 46: 12.6.7 Oil and Chemical Use during
Page 47 and 48: 16.0 COMMUNITY CHARACTER ..........
Page 49 and 50: 19.8.1.1 “G” Class Turbines ...
Page 51 and 52: Table 7-17 Environmental Justice Da
Page 53 and 54: Table 12-5E Estimated Average Chang
Page 55 and 56:
List of Figures Figure 1-1 Figure 1
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Figure 8-9 Figure 8-10 Figure 8-11
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10.0 NOISE 10-A CPV Valley Energy C
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FINAL ENVIRONMENTAL IMPACT STATEMEN
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TABLES Table 1-1 SEQRA Milestones .
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Appendix G Letters of Support New Y
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WHEREAS, the Project has adhered to
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Board of Directors Resolution #0512
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New York State Laborers'-Employers'
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05/21/2012 16:56 4012727456 LIUNA R
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5151 San Felipe, Suite 2500 Houston
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Competitive Power Ventures, Inc. - Energy Highway

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