SAN DIEGO, Sept. 13, 2011 /PRNewswire/ -- Bull Moose Energy of San Diego, LLC (BMESD) today announced the execution of the agreement between the California Independent System Operator (CAISO) and BMESD for the interconnection of the new biomass-fueled power generating plant and the California electrical power grid. This deal could eventually assist San Diego Gas & Electric (SDG&E) with meeting California's requirement to generate at least 33% of their power from renewable sources.
"After a long road of preparation, we are pleased to be executing this project, especially for the opportunities it will bring to San Diego. We believe that dangerous service disruptions such as we experienced last week in San Diego County will become a thing of the past as we begin generating a greater amount of power locally, a large portion of which will be driven by distributed generation renewable projects," said BMESD CEO Amanda Martinez.
Details of the proposed San Diego facility include the following:
- Due to the location of the facility, no transmission lines will need to be constructed, which reduces risk associated with long distance power lines as well as both the environmental and economic impacts on the San Diego area.
- BMESD will qualify as a Local Resource Adequacy Unit, providing San Diego with locally produced, stable power 24/7.
- The project is one of only four "greenfield" alternative energy projects to execute a Large Generator Interconnection Agreement (LGIA) with CAISO within SDG&E's service area.
- BMESD is the only baseload facility with an executed agreement.
- The project will generate more than $4 million in sales tax for the City of San Diego's general fund in Year One.
- The project will increase the property tax revenues in the City and State by more than $750,000 yearly.
- The facility is being located within a State of California Enterprise Zone targeted for job creation.
- The $90 million project will generate 200 construction-related jobs for the local contractor who has been awarded the project, as well as approximately 40 permanent jobs once the project is operational.
- The project will result in the yearly diversion of up to 182,000 tons of untreated urban wood waste from local landfills, maximizing the available volume in the existing landfills and helping local municipalities meet the State of California mandated diversion requirements.
San Diego-based BMESD, founded in 2006, is a woman owned business (WBE) that provides biomass fueled, alternative energy producing facilities to urban areas throughout the country. The San Diego project will reduce carbon/greenhouse gases by more than 5 million tons over a 20-year period. BMESD is currently working on finalizing a revised Power Purchase Agreement, at which time the final phase of the project will begin. For more information, please contact Media@BullMooseEnergy.com
Martinez Creative Group
SOURCE Bull Moose Energy of San Diego, LLC