Power Purchase Agreement, Timing and Capital Costs
On September 18, 2006, TransCanada issued a press release announcing that Portlands Energy Centre L.P. had signed a 20-year Accelerated Clean Energy Supply (ACES) contract with the Ontario Power Authority for the power output of the PEC.
The plant started delivering 340 MW of power to the City of Toronto in June 2008 in single-cycle operation and was fully operational with an output of 550 MW by the second-quarter 2009. Total capital costs are expected to reach $730MM.
Read more about this topic: Portlands Energy Centre
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