

Press Release:
ORION ENERGY LLC SELLS WAYMART WIND ENERGY CENTER ASSETS
TO FPL ENERGY
OAKLAND (April 30, 2003) -- Orion Energy
LLC of Oakland, California announced today the completion
of the development phase of the 64.5 Megawatt Waymart Wind
Energy Center and the sale of the project to FPL Energy.
FPL Energy will build, own and operate the project which,
when completed later this year, will be the largest wind
energy project in Pennsylvania and the second largest east
of the Mississippi.
The Waymart Wind Energy Center is located
in Wayne County, Canaan and Clinton Townships, in northeastern
Pennsylvania. The 43 wind turbines to be installed in the
facility are manufactured by GE Wind Energy and are each
capable of generating up to 1.5 MW of electricity. The Waymart
Wind Energy Center will generate enough electricity to meet
the needs of over 20,000 average Pennsylvania households.
Exelon Generation Company, LLC of Kennett Square, Pennsylvania,
will purchase all of the electricity generated by the project.
The Sustainable Development Fund of Philadelphia, a clean
energy fund managed by The Reinvestment Fund, will provide
production incentives to the project.
Reid Buckley, Orion Energy LLC Vice
President, said, “It is difficult to locate and permit
large wind facilities in the Mid Atlantic States. However,
the diligence and experience of Orion’s development
team made this project a reality. In addition, we are very
pleased that FPL Energy, the nation’s most experienced
owner and operator of wind energy facilities, has elected
to purchase this project. Their experience will ensure the
successful construction and operation of the project.”
Michael Haas, President of Orion Energy
LLC, added, “We commend the foresight of Exelon Power
Generation in purchasing low-cost, wind-generated electricity
which is not subject to embargoes, escalating natural gas
prices, or increasingly strict emissions regulations. We
were also very pleased to have the support of the Sustainable
Development Fund of Philadelphia throughout the development
process.”
Orion Energy LLC, headquartered
in Oakland, California, is a leading wind energy company
with world-class expertise in the development, finance,
construction, and operation of wind energy projects throughout
the United States and around the globe. For further information
about Orion Energy LLC contact Reid Buckley at (510) 267-9323
or e-mail RBuckley@orion-energy.com.
