ODEC Wins Final Approval for Wildcat Point Generation Facility

Glen Allen, Va. (April 8, 2014) – The Maryland Public Service Commission (PSC) today approved Wildcat Point Generation Facility (Wildcat Point), a state-of-the-art, combined-cycle natural gas generation facility proposed by Old Dominion Electric Cooperative (ODEC) to be located adjacent to its existing generating facility in Conowingo, Maryland.

The $675 million Wildcat Point facility will boost the regional economy, improve reliability on the region’s electric grid, and help ODEC deliver cleaner, cost-effective power to its 1.2 million members in Maryland, Virginia, and Delaware.  Wildcat Point is expected to generate 1,000 megawatts of electricity, enough to power roughly 390,000 homes annually.  By issuing a Certificate of Public Convenience and Necessity, or CPCN, the PSC provided ODEC the final permitting required to begin construction. A copy of the PSC’s order can be viewed by at the bottom of this page.

“The PSC’s decision is an important win for our members and for the region’s energy future,” said Jackson Reasor, president and CEO of ODEC.  “As demand for electricity has grown in ODEC-served areas, constructing a state-of-the-art, environmentally-friendly power generation facility became a critical priority.  Wildcat Point will enable us to provide our members cost-effective, locally produced power while reducing reliance on costlier electricity bought on the market.  I would like to thank the citizens of Cecil County and their elected representatives for their early and steadfast support for this important economic development project.”

The PSC’s decision follows a rigorous, 11-month review of ODEC’s proposal by local, state, regional, and federal agencies.  To receive the CPCN, Wildcat Point was required to meet stringent environmental, traffic, and historic preservation regulations.  Both ODEC and the PSC hosted public hearings during the review process.  No one spoke formally in opposition to the project at either hearing.

Construction is expected to begin in late 2014 or early 2015 and will create a peak construction workforce of approximately 600 jobs. Once operational in 2017, Wildcat Point will support 30 permanent jobs.  A report authored by Chmura Economics & Analytics estimates that Wildcat Point will create a $1.2 billion total economic impact for Maryland over 30 years.  In addition, an agreement between ODEC and Cecil County guarantees $124.2 million in tax revenue for the county.

Wildcat Point will be built in Conowingo, Cecil County on existing property at the ODEC constructed Rock Springs Generation Facility, which became operational in 2003.

PSC Final Order for Wildcat Point by ODECCecil

 

Commentary: ODEC looks to create jobs, power in Cecil County

The following was first published in The Cecil Whig Friday, January 31, 2014

By Rick Beam

Old Dominion Electric Cooperative

Over the past year Cecil County residents have asked many good questions about Wildcat Point, the state-of-the-art electric generation facility our cooperative, Old Dominion Electric Cooperative, plans to build in Conowingo.

I’d like to answer those questions in this public format so that county residents have the best information possible about this important economic development project in their community. Let’s start with the basics:

What is Wildcat Point?

Wildcat Point is a natural gas-fired electric generation facility that Old Dominion Electric Cooperative proposes to build in Conowingo. It would be located adjacent to the Rock Springs Generation Facility that ODEC constructed along Route 222 in 2003. At its peak output, Wildcat Point would generate approximately 1,000 megawatts of electricity, enough to power 390,000 homes.

Why is it necessary?

There are two trends in the energy market that make Wildcat Point a necessity. First, energy consumption is rising in areas served by ODEC. Second, our region will lose an estimated 16,000 megawatts of power over the next eight years as older power plants approach retirement. To help “keep the lights on” for our members and to improve reliability on the region’s electric grid, we need to build new power generation facilities.

(To read the full commentary, click here.)

PRESS RELEASE: Old Dominion Electric Cooperative Files to Build Environmentally Balanced Energy Facility

ODECGlen Allen, Va. – Old Dominion Electric Cooperative (ODEC) this week applied to the Maryland Public Service Commission (PSC) for a Certificate of Public Convenience and Necessity (CPCN) to construct a natural gas-powered electric generation facility in Cecil County, Maryland.  The project, named Wildcat Point Generation Facility, was first announced in April.

The filing comes the same week the Cecil County Council unanimously adopted a payment-in-lieu-of-taxes agreement, or PILOT, for Wildcat Point that would yield the County $124.2 million through 2051.  The CPCN filing may be viewed at the PSC’s website at www.psc.state.md.us.

“Our region needs new sources of cost-effective, reliable and environmentally balanced electricity,” said Lisa Johnson, ODEC’s Senior Vice President and Chief Operating Officer. “This filing makes a compelling case for Wildcat Point, from ODEC’s proven track record building and owning a generation facility in Maryland to the rising demand for electricity in our region.  We are grateful for the broad support we have received from the Cecil County government and look forward to working with the PSC during their review of our application.”

Wildcat Point would be built five miles west of the Town of Rising Sun adjacent to the Rock Springs Generation Facility, which ODEC constructed and which became operational in 2003. It would generate approximately 1,000 megawatts of power, enough to serve 390,000 homes annually.

ODEC experienced more than 26 percent growth in electricity sales over the last 10 years and expects additional growth over the next decade. Wildcat Point would provide ODEC’s 11 member distribution cooperatives a new source of reliable electricity, including 52,000 members on Maryland’s Eastern Shore.  It would be powered by natural gas, a clean and domestically plentiful form of energy used to create electricity.  It would benefit non-ODEC customers by improving reliability on the region’s electric grid.  Lastly, it would create a peak force of approximately 600 temporary construction jobs and roughly 30 permanent jobs.

Further, Maryland’s power plant fleet is aging and unable to meet statewide energy needs.  Maryland imports 42% of its power, making it the fifth largest energy importer in the U.S. Two-thirds of the power generated in Maryland comes from power plants that are at least 30 years old.

About ODEC:  Headquartered in Glen Allen, Va., ODEC is a not-for-profit, member-owned wholesale power supplier to 11 member electric distribution cooperatives that provide reliable, affordable electricity to 1.2 million people in 70 counties in Maryland, Virginia and Delaware.  Learn more at www.odec.com.

 

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