Cinergy (NYSE:CIN)
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From Dec 2019 to Dec 2024
The U.S. Environmental Protection Agency (EPA) and U.S.
Department of Energy (DOE) have awarded BP Global Power Corp., a
wholly owned subsidiary of BP p.l.c. (NYSE:BP) (LSE:BP) and Cinergy
Solutions, an affiliate of Cinergy Corp. (NYSE:CIN), with the 2005
ENERGY STAR(R) Combined Heat and Power Award for the important
pollution reduction and energy-efficiency impacts of their South
Houston Green Power (SHGP) combined heat and power project in Texas
City, Texas. This project also received the 2003 EPA Combined Heat and
Power Certificate of Recognition.
Cinergy Solutions operates the existing steam and electric
generating facility at BP's refining and chemical complex in Texas
City. The project included decommissioning heat and power equipment
that did not meet today's standards, which allowed Cinergy Solutions
to switch the gas turbine and boiler from independent operation to run
as a combined heat and power (CHP) unit. In addition, SHGP
constructed, owns and operates a state-of-the-art natural gas
cogeneration project at the site.
Built through a joint venture between Cinergy Solutions and BP,
the plant enables BP to reduce its nitrogen oxide emissions by 53
percent at Texas City. Operating at nearly 78 percent efficiency, this
outstanding example of CHP uses 33 percent less fuel than typical
onsite thermal generation and purchased electricity resulting in
annual CO2 reductions of approximately 1.94 million tons.(1)
BP was the first major energy company to support its State
Implementation Plan target reductions in an effort to bring the
Houston region air quality standards into federal Clean Air Act
Compliance. "We are pleased to collaborate with BP -- a leader in
sustainable energy practices," said Steve Harkness, President of
Cinergy Solutions. "This project is a good example of the
effectiveness of CHP and we are delighted about this recognition from
the EPA and the DOE."
"This project is tangible evidence of BP's commitment to work with
others towards a sustainable environment. Together with Cinergy
Solutions, the State of Texas, the City of Texas City and Galveston
County, among others, we must work to build trust through
relationships based on 'mutual advantage' -- relationships that bring
benefits to everyone concerned," said Chris Hunt, President of BP
Global Power Corp. "We want to thank each of these parties for their
contributions to this project."
The ENERGY STAR(R) Combined Heat and Power Award will be presented
to representatives of Cinergy Solutions and BP Global Power at the 6th
International Combined Heat and Power and Decentralized Energy
Conference on October 26, 2005 in New York City.
Combined Heat and Power is a clean, efficient and reliable means
of generating power and thermal energy simultaneously from a single
fuel source. Installing a CHP system to meet thermal and electrical
needs can increase operational efficiency and decrease energy costs,
while reducing emissions of air pollutants and greenhouse gases, such
as carbon dioxide, that contribute to the risks of climate change. The
U.S. EPA supports combined heat and power because it is more energy
efficient and has fewer emissions than separate heat and power. CHP
systems typically achieve effective electrical efficiencies of 50
percent to 70 percent, compared to 33 percent for fossil-fueled power
plants.
About Cinergy Solutions
Cinergy Solutions, an affiliate of Cinergy Corp. (NYSE:CIN), one
of the largest diversified energy companies in the US, currently
manages over 5,350 MWs of power generation and offers a complete range
of energy solutions from on-site supply and energy conservation to
renewable energy and maintenance of high-voltage electric and gas
infrastructure. Cinergy Solutions' award-winning team of energy supply
experts specializes in reducing energy costs, lowering emissions,
conserving energy and improving efficiency for large energy consumers,
municipalities and industrial facilities including Kodak, Procter &
Gamble, General Motors and BP. Cinergy Solutions is dedicated to
delivering excellence through innovative energy solutions from
complete utilities outsourcing to custom design, construction,
operation and maintenance of cogeneration and district energy
facilities.
About BP Global Power
BP Global Power Corp. is part of BP p.l.c., one of the world's
largest energy companies, providing its customers with fuel for
transportation, energy for heat and light, retail services and
petrochemicals products for everyday items. BP's main activities are
the exploration and production of crude oil and natural gas; refining,
marketing, supply and transportation; and the manufacture and
marketing of petrochemicals. BP is also the largest producer and
marketer of natural gas in the US and one of the world's leading solar
energy companies.
(1)Calculated by the EPA CHP Partnership from data submitted on
the Energy Star CHP application. ENERGY STAR(R) is a registered
trademark owned by the U.S. EPA. For more information about EPA's CHP
Partnership visit www.epa.gov/chp.