Sempra U.S. Gas & Power and Consolidated Edison Development Receive POWER Magazine Renewable Top Plant Award
Dec 16, 2013
SAN DIEGO, Dec. 16, 2013 /PRNewswire/ -- Sempra U.S. Gas & Power and Consolidated Edison Development's jointly owned 150-megawatt (MW) Mesquite Solar 1 has been named a "Renewable Top Plant" by POWER magazine, ranking among the top renewable power installations completed worldwide during the past year.
Located in Arlington, Ariz., about 60 miles west of Phoenix, Mesquite Solar 1 is one of the largest photovoltaic solar power installations in the U.S. It is part of Sempra U.S. Gas & Power's 4,000-acre Mesquite Solar complex, which has a potential build-out capacity of 700 MW of clean energy. The current 150-MW facility produces enough solar energy to power the equivalent of 56,000 homes.
POWER magazine's Top Plant designees are "those projects that have distinguished themselves as industry leaders for either their best-of-class operating records, environmental performance, unique technology, or importance to their local community," according to the magazine.
"Sempra U.S. Gas & Power and Consolidated Edison Development's Mesquite Solar 1 is the latest solar energy pacesetting plant, demonstrating leadership in the development and operation of photovoltaic solar facilities," said Dr. Robert Peltier, PE, POWER magazine's consulting editor. "This plant demonstrates the full potential of utility-scale solar energy available today."
Sempra U.S. Gas & Power is a top U.S. developer of utility-scale solar projects with 300 MW in operation in Arizona and Nevada, and a development pipeline that exceeds 600 MW.
"We are honored that Mesquite Solar 1 has been named a Top Plant by POWER magazine as Sempra U.S. Gas & Power continues to grow its solar energy portfolio and contribute to a more sustainable, clean energy future," said Kevin C. Sagara, vice president of renewables for Sempra U.S. Gas & Power. "It's exciting to be consistently recognized as a solar power leader, especially given the number of other significant solar projects that have recently been developed nationally and worldwide."
"As ConEdison Development continues to expand its renewable portfolio around the country, we are gratified to be chosen for this distinction from among such a large number of projects in this rapidly emerging category," said Mark Noyes, vice president of ConEdison Development. "We are proud to share this honor with our partners at Sempra U.S. Gas & Power, and we shall continue to commit ourselves to developing best-in-class assets that make valuable contributions to America's renewable energy sector."
POWER magazine provides business and technology coverage of the worldwide power generation industry. For more than four decades, the company has honored electricity generation top performers.
About Sempra U.S. Gas & Power
About Consolidated Edison Development
Launched in 1997, ConEdison Development develops, owns and operates renewable and energy infrastructure projects. The company is an unregulated subsidiary of Consolidated Edison, Inc. [NYSE: ED], the nation's oldest and one of the largest investor-owned energy companies. The company typically focuses on projects in all stages of development. Through acquisitions and development, ConEdison Development has owned, operated and marketed over 2000 MW of electric generating facilities. CED currently has a portfolio of about 400 MW of utility scale solar projects in operation. The company has proven expertise in engineering and construction management, start-up and commissioning.
This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words like "believes," "expects," "anticipates," "intends," "plans," "forecasts," "estimates," "may," "will," "would," "could," "should," "potential," "target," "outlook," "project," "maintain," "depends," "pursue" or similar expressions, or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Forward-looking statements are necessarily based upon various assumptions involving judgments with respect to the future and other risks, including, among others: local, regional, national and international economic, competitive, political, legislative and regulatory conditions and developments; actions and the timing of actions by the California Public Utilities Commission, California State Legislature, Federal Energy Regulatory Commission, U.S. Department of Energy, Nuclear Regulatory Commission, Atomic Safety and Licensing Board, California Energy Commission, California Air Resources Board, and other regulatory, governmental and environmental bodies in the United States and other countries where the company does business; capital market conditions, including the availability of credit and the liquidity of investments; inflation, interest and exchange rates; the impact of benchmark interest rates, generally Moody's A-rated utility bond yields, on the California utilities' cost of capital; the timing and success of business development efforts and construction, maintenance and capital projects, including risks inherent in the ability to obtain, and the timing of the granting of, permits, licenses, certificates and other authorizations; energy markets, including the timing and extent of changes and volatility in commodity prices; the availability of electric power, natural gas and liquefied natural gas, including disruptions caused by failures in the North American transmission grid, pipeline explosions, equipment failure and the decommissioning of SONGS; weather conditions, natural disasters, catastrophic accidents, and conservation efforts; risks inherent with nuclear power facilities and radioactive materials storage, including catastrophic release of such materials, the disallowance of the recovery of the investment in, or operating costs of, the nuclear facility due to an extended outage, and increased regulatory oversight; risks posed by decisions and actions of third parties who control the operations of investments in which the company does not have a controlling interest; wars, terrorist attacks and cyber security threats; business, regulatory, environmental and legal decisions and requirements; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of SDG&E's electric transmission and distribution system due to increased power supply from renewable energy sources; the impact on competitive customer rates of the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through our electric transmission and distribution system; the inability or determination not to enter into long-term supply and sales agreements or long-term firm capacity agreements; the resolution of litigation; and other uncertainties, all of which are difficult to predict and many of which are beyond the control of the company. These risks and uncertainties are further discussed in the most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q that Sempra Energy has filed with the Securities and Exchange Commission. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on the company's website at www.sempra.com.
We caution you not to rely unduly on any forward-looking statement. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise.
Sempra International, LLC, and Sempra U.S. Gas & Power, LLC, are not the same companies as the California utilities San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas) and Sempra International, LLC and Sempra U.S. Gas & Power, LLC are not regulated by the California Public Utilities Commission. Sempra International's underlying entities include Sempra Mexico and Sempra South American Utilities. Sempra U.S. Gas & Power's underlying entities include Sempra Renewables and Sempra Natural Gas.
SOURCE Sempra U.S. Gas & Power