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Cinergy To Supply Power
The Blue Ridge Power Agency has chosen Cinergy Corp. as the recommended supplier of wholesale electric power to five of its members during a seven-year period starting July 1, 1998.
Blue Ridge is a "joint action agency" that assists in making wholesale supply arrangements for eight municipal electric systems in the western part of Virginia. Cinergy replaces American Electric Power-Virginia as the power supplier, and beat out the other finalists (em AEP, Commonwealth Edison, Enron, and LG&E Power Marketing.
Power cost savings over the seven years conservatively are estimated at $91 million. Several municipalities said they already experienced significant savings from a power supply contract with Cinergy that started in August 1994. t
Lori A. Burkhart is an associate legal editor with PUBLIC UTILITIES FORTNIGHTLY.
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