MMC Energy Inc.
MMC Energy Inc. Announces Plans to Evaluate Re-Powering and Expansion at Its Escondido Power Plant in San Diego, California
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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November 8, 2006 – NEW YORK – MMC Energy, Inc. (OTC Bulletin Board: MMCN)
(Deutsche Bourse: JU1) today announced that it intends to explore the
potential to re-power and expand its wholly owned Escondido power plant,
located in the City of Escondido, San Diego County, California.
MMC Escondido is currently configured as a 44 MW peaking facility, located
in the City of Escondido in San Diego County on land owned by MMC Energy
Inc. The plant interconnects directly into the San Diego Gas and Electric
transmission system. The plant is fueled with natural gas and has state of
the art emission control systems.
MMC initial analysis will include evaluating long term power contract
options with a creditworthy counterparty(s), initial engineering study, and
additional permit requirements. MMC intends to stay within the small
generator status, not to exceed 100MW of installed capacity on the
Escondido site.
MMC is evaluating the Escondido re-powering and expansion option given that
San Diego is one of the most constrained power markets in California and
the entire US. The Escondido power plant site is advantaged with its key
location on the transmission grid in northern San Diego County and provides
reliable energy and power services in the San Diego Gas and Electric
service territory.
The company also recently announced the planned 94 MW re-powering of its
Chula Vista power plant, located in southern San Diego County.
About MMC Energy, Inc.:
MMC is an energy acquisition company, which primarily acquires and operates
critical power generation and associated energy infrastructure assets. The
Company’s business strategy is to provide critical reliability-based power
and services including capacity, ancillary services and peaking energy from
its power plants. The company is headquartered in New York City and traded
on the NASDAQ OTC Exchange in the United States and the Deutsche Bourse in
Germany.
The Company creates long-term value for its shareholders through deep value
asset acquisitions and hands on post- acquisition asset management and cash
flow growth. The Company currently owns power generation assets in Southern
California and is pursuing a disciplined portfolio acquisition and growth
strategy targeting power generation facilities and energy infrastructure
assets primarily in California, Texas, Mid-Atlantic, and the Northeastern
U.S.
On behalf of the board
Karl W. Miller
Chairman and Chief Executive Officer
MMC Energy Inc.
Contact Germany
Value Relations GmbH
Tel. 069 959246-0
Sternstraße 15
D-60318 Frankfurt
(c)DGAP 08.11.2006
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Language: English
Issuer: MMC Energy Inc.
26 Broadway, Suite 907
NY 10004 New York Vereinigte Staaten von Amerika
Phone: +1 212 977 0900
Fax: +1 917 591 6906
E-mail: miller@mmcenergy.com
WWW: www.mmcenergy.com
ISIN: US55312Q1094
WKN: A0J2L0
Indices:
Listed: Freiverkehr in Berlin-Bremen; Open Market in Frankfurt
End of News DGAP News-Service
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