CON EDISON renamed two unregulated subsidiaries: ProMark Energy Inc. (now Con Edison Solutions Inc.) and Gramercy Development Inc. (now Con Edison Development Inc.). Con Edison Solutions will provide electricity, natural gas and oil to commercial and residential customers in the Northeast. Con Edison Development will invest in energy and nonenergy business in the U.S. and overseas.
AES Corp. has begun construction of an 830-megawatt, gas-fired combined-cycle power plant in San Nicolás, Argentina. Nichimen Corp. and Mitsubishi Heavy Industries will build the $440-
million AES Parana plant, expected to go on line in 2000. Total Corp., will supply part of the fuel.
The Southern Connecticut Gas Co. plans to build, own and manage the distribution facilities needed to transport 187,000 dekatherms of natural gas a day to a new power plant in Bridgeport. When finished, the 520-MW gas turbine plant will be the largest non-nuclear plant in the state, according to Connecticut Energy Corp., Southern's parent. United Illuminating will own the gas facility. The electric plant is expected to generate power by mid-1998. The initial 20-year firm transportation agreement, signed by Southern and Duke Energy Trading and Marketing L.L.C., calls for Southern to deliver 83,000 dekatherms daily.
Kentucky Utilities Co. has begun supplying wholesale power to the borough of Pitcairn, Pa. The agreement began in October, ending Pitcairn's contract with Duquesne Light Co. The terms of the KU agreement were not released. KU is a subsidiary of KU Energy Corp. and serves nearly a half million customers in Kentucky and Virginia.