Contract Finalized to Relocate TransCanada Power Plant to Napanee

Contract Finalized to Relocate TransCanada Power Plant to Napanee 
TORONTO, Dec. 17, 2012 /CNW/ - The Ontario Power Authority (OPA) and 
TransCanada Energy Ltd (TCE) have finalized a Clean Energy Supply Contract for 
a new 900 megawatt gas-fired power plant, which will be located on the site of 
Ontario Power Generation's (OPG) Lennox Generating Station near Napanee. 
The terms of the contract are consistent with the terms in the Memorandum of 
Understanding (MOU) the OPA and TCE signed on September 24, 2012. The MOU set 
a deadline of December 14 for finalizing the contract. The complete contract 
is available on the OPA's website. 
TransCanada also finalized agreements with OPG to acquire land at the Lennox 
site based on an independent market appraisal, as set out in the MOU between 
TCE and OPG.  
http://www.opg.com/power/thermal/Executed%20Shared%20Site%20Agreement.pdf 
http://www.opg.com/power/thermal/Land%20Purchase%20Agreement.pdf 
The location of the plant takes advantage of existing transmission and gas 
infrastructure as well as the expertise of local workers. Construction of the 
plant is expected to provide 600 construction and 25 permanent jobs. 
Media Contact: 
Kristin Jenkins 416-969-6007 Media@powerauthority.on.ca 
SOURCE: Ontario Power Authority 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/December2012/17/c9265.html 
CO: Ontario Power Authority
ST: Ontario
NI: OIL ORDER REL  
-0- Dec/17/2012 13:11 GMT
 
 
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