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PSEG Power buys 755-MW Keys Energy Center, 900 jobs to be created

Staff writer |
PSEG Power, through its wholly-owned subsidiary PSEG Fossil, has acquired the 755-MW Keys Energy Center project from Genesis Power and Ares EIF Management.

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PSEG Power plans to rename the facility the PSEG Keys Energy Center (KEC).

PSEG Power, an independent power producer and subsidiary of PSEG, expects to begin construction of the natural gas-fired, combined-cycle plant in 2015.

The plant, which represents an investment of $825 - $875 million, is targeted to be completed and supplying needed capacity and energy to the state of Maryland and region in 2018. The project was bid into and cleared the PJM capacity auction in May 2014.

PSEG Fossil will oversee construction, operate and maintain the combined-cycle plant. SNC - Lavalin Constructors is the designated engineering, procurement and construction contractor.

The combined-cycle plant will use state-of-the-art generating technology, including a full complement of emissions controls and run on clean, efficient natural gas. The plant will generate approximately 700 jobs during the two-year construction phase.

More than 20 permanent jobs will be created to run the new plant once it becomes operational.

Located in Prince George's County, Maryland, the PSEG Keys Energy Center will feature two gas-fired turbines and one steam turbine. The project is located north of North Keys Road and about 1.25 miles east ofBrandywine, Maryland.

The plant will connect to the Potomac Electric Power Company (PEPCO)/PJM 500 kV transmission line adjacent to the property; no new transmission lines are required. Fuel to run the plant is also readily available; a major interstate natural gas pipeline is within close proximity of the site.

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