Risk.net

Cinergy to provide KGen with energy management services

The deal covers 5,325 megawatts of natural gas-fired generation at eight facilities in the southeast US – Mississippi, Georgia, Arkansas and Kentucky. Cinergy will provide KGen with power management services, such as trading, origination, scheduling, transmission and ancillary services. It will also provide fuel management services, such as natural gas trading, optimisation and hedging. KGen bought the facilities from Duke Energy North America on August 5 for $475 million. The transaction, w