CES buys 63 MW Placerita cogeneration power plant

The acquisition of the plant from AES California Management Co. Inc., was approved on Friday, March 18, 2011 by FERC

Rancho Cordova, Calif., March 31, 2011 — Clean Energy Systems of Rancho Cordova Calif., announced the acquisition of the 63 MW Placerita power plant in Newhall Calif., northeast of Los Angeles.

The acquisition of the plant from AES California Management Co. Inc., was approved on Friday, March 18, 2011 by the Federal Energy Regulatory Commission.

CES also owns a 5 MW power plant near Bakersfield Calif.

CES is currently co-funded by the Department of Energy in a $43 million program to develop an oxy-fueled turbine to increase power plant efficiency while protecting the environment by avoidance of pollution.

AES California Management Co. Inc. is a unit of AES Corp, which indirectly owns 11,800 MW of generating capacity in the United States, of which about 4,500 are located in the California Independent System Operator's balancing authority area.

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