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409 View Drop Down
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    Posted: Jan 28 2014 at 5:36pm
From MJ:
$500M natural gas plant planned for Middletown

A proposed natural gas-fired power plant for Middletown will represent an investment of more than $500 million and bring more than 400 jobs to Butler County.

St. Augustine, Fla.-based NTE Energy announced Tuesday that it plans to develop, own and operate what it's calling "one of the most efficient natural gas-fired power plants in the United States." The facility, to be called the Middletown Energy Center, will generate enough power to supply approximately 400,000 homes.

The center will utilize a Mitsubishi Power Systems Americas advanced combustion turbine that captures exhaust heat and utilizes it in a steam cycle, allowing the facility to generate approximately 500 megawatts of low-cost electric power.

This next generation electric generating technology, fueled by clean burning natural gas, allows for greater operating efficiencies and results in up to 60 percent less emissions than that of older, more conventional sources of base load power.

"As the energy landscape continues to change, the need for affordable, cleaner base load generation is upon us," said Seth Shortlidge, President of NTE Energy. "NTE Energy looks forward to working with the Middletown community in developing one of the cleanest, most efficient, and most reliable sources to fulfill this growing demand."

During the construction phase, the center is expected to create approximately 300 to 400 construction industry jobs, the bulk of which are expected to be filled by the members of skilled trades unions. Once completed, the project is slated to add approximately 25 to 30 full-time jobs to the Middletown area, most of which are expected to come from the local workforce.

The center has begun permit applications and entered the PJM interconnection queue, the regional transmission organization. The project is expected to begin construction in 2015 and become fully operational in 2018.

NTE Energy develops and acquires strategically located electric generation and transmission facilities within North America. NTE is actively developing three projects located in southwest Ohio, West Texas and North Carolina as well as pursuing early-stage opportunities in several other locations.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote 409 Quote  Post ReplyReply Direct Link To This Post Posted: Jan 28 2014 at 5:47pm
http://www.middletownenergycenter.com/
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Historic House Guy Quote  Post ReplyReply Direct Link To This Post Posted: Jan 28 2014 at 5:52pm
Sounds like great news to me but give the grumpy old farts some time to tell us what type of back door deal this is. They love misery.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mike_Presta Quote  Post ReplyReply Direct Link To This Post Posted: Jan 28 2014 at 6:36pm
This certainly does sound like great news for the entire community!!!

City Hall better put somebody on it right away to find a way to screw it up.
“Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bocephus Quote  Post ReplyReply Direct Link To This Post Posted: Jan 28 2014 at 7:21pm
Originally posted by Historic House Guy Historic House Guy wrote:

Sounds like great news to me but give the grumpy old farts some time to tell us what type of back door deal this is. They love misery.

Welcome back HHG we are all grumpy old fats some older and grumpier than others Wink

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Justsayin Quote  Post ReplyReply Direct Link To This Post Posted: Jan 28 2014 at 7:53pm
This great news!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Neil Barille Quote  Post ReplyReply Direct Link To This Post Posted: Jan 28 2014 at 8:07pm
This sounds pretty good, I guess.  But 25-30 full-time jobs?  That won't really move the needle much for this town's tax base, will it?
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Post Options Post Options   Thanks (1) Thanks(1)   Quote over the hill Quote  Post ReplyReply Direct Link To This Post Posted: Jan 28 2014 at 9:30pm
Somebody please gag Marty Kohler and lock him in a back room somewhere!!
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Post Options Post Options   Thanks (1) Thanks(1)   Quote acclaro Quote  Post ReplyReply Direct Link To This Post Posted: Jan 28 2014 at 10:00pm
A word of caution on the power plant. The technology is such the EPA has serious concerns about pollution and environmental effects. This wasn't a serious negotiation, this was finding a site where there was existing "tolerance" within the community for potential side effects. While natural gas is safe, the production and recapture the technology uses is such, only three sites have been chosen to date, the other two sites and in isolated areas in NC and western Texas, in areas where there is not dense population.
 
Also, will this be an alternative to Duke, power autos, or replace coal burning power? The company hasn't even defined its market base yet. While Larry will use this $500 Mm and the previous $650 Mm to now state there has been in excess of $1 Bb in capital investment in Middletown, this plant, as was with SunCoke, the jury is still out, what its lingering effects to be.
 
More answers are preferred.. 
'An appeaser is one who feeds a crocodile, hoping it will eat him last.' - Winston Churchill
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Post Options Post Options   Thanks (0) Thanks(0)   Quote 409 Quote  Post ReplyReply Direct Link To This Post Posted: Jan 28 2014 at 11:01pm
This is similar to the combustion turbine/combined cycle arrangement that Air Products proposed to build inside AK to burn off blast furnace gas & produce electric. I believe that project was scrapped a while back due to the economy.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mike_Presta Quote  Post ReplyReply Direct Link To This Post Posted: Jan 29 2014 at 3:54am
Acclaro,
I am not so sure that there are concerns about this technology. If I understand correctly, this facility (in fact, all three) will be using Mitsubishi M501-J-AC advanced combustion turbines. These are simply the largest and latest generation of Mitsubishi’s M501-G-AC turbines, which are tried and true with over 39 in presently in use in North America, the latest in Portland.

If I am correct, they are air cooled, with the waste heat recovered to help generate more steam.
“Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012
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Post Options Post Options   Thanks (0) Thanks(0)   Quote VietVet Quote  Post ReplyReply Direct Link To This Post Posted: Jan 29 2014 at 6:17am
"A proposed natural gas-fired power plant for Middletown will represent an investment of more than $500 million and bring more than 400 jobs to Butler County"

THIS GRUMPY OLD FART, AS HISTORIC HOUSE GUY CALLS US, SAYS IT'S NICE TO SEE AN ACTUAL ATTEMPT TO BRING MORE JOBS TO TOWN. NEED TO KNOW WHAT THE JOBS PAY BEFORE DEVELOPING A WARM FUZZY FEELING ABOUT THIS THOUGH. AROUND $18 BUCKS AN HOUR WITH BENNIES.....OK. ANYTHING LESS.....EHH, NOT SO IMPRESSIVE. AND, PRAY TELL, WHERE WILL THIS PROPOSED PLANT BE LOCATED? KINDA OPENS THE EYES WHEN ACCLARO SPEAKS ABOUT ISOLATED LOCATIONS FOR THE OTHER VENTURES IN NC AND WEST TEXAS. GOTTA BE ISOLATED FOR A REASON. WILL THIS BRING MORE HEALTH ISSUES TO TOWN AS THE SUN COKE DISSENTERS SUGGESTED? BETWEEN AK, SUN COKE AND THIS NEW PROPOSAL, ARE WE CREATING MORE SHORT/LONG TERM RISK FOR THE PEOPLE?
I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote acclaro Quote  Post ReplyReply Direct Link To This Post Posted: Jan 29 2014 at 10:34am
I don't comprehend where the capital is coming from on this project. I don't see a top 25 private equity backing them such as Great Atlantic Partners, KKR, others.
 
The team seems to be one that establishes a business, gets it running, and divests. I would not be surprised if this is built for Duke to purchase. Baffled as to why they are building it close to SunCoke when they easily could have had a similar deal of they wanted it. As Duke is growing rapidly in  southeast, I thin k their job is develop footprint, accelerate government regulation roadblocks, more project managers with JD's, and then sell through acquisition point.
 
   
'An appeaser is one who feeds a crocodile, hoping it will eat him last.' - Winston Churchill
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Originally posted by Neil Barille Neil Barille wrote:

This sounds pretty good, I guess.  But 25-30 full-time jobs?  That won't really move the needle much for this town's tax base, will it?

Long term, no.  But in the 2-3 year construction time period additional income tax revenue from the 300-400 construction jobs could give a temporary shot in the arm to the city's finances. 

From looking at a map, the likely site is at the intersection of Cin-Day Rd and Oxford State Rd where Oxford State Rd. deadends.  This could mean an extension of Oxford State Rd. to connect to Greentree and a potential future I75 exit at Greentree/Oxford State.

The real question is what kind of additional economic activity could be spurred by this investment.   The city is planning a major overhaul of Oxford State Rd and additional work on Yankee Rd (Oxford State to University).  This with the more recent improvements to Yankee could make the available land more attractive which could have longer term economic impact.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote acclaro Quote  Post ReplyReply Direct Link To This Post Posted: Jan 29 2014 at 12:24pm
QUESTION 1- Who will be buying the electricity? City, Hamilton, Southwest Ohio, Duke?
 
QUESTION 2- Why was this site chosen? Proximity to nauural gas intersection, ease of distribution, et al.
 
QUESTION 3- How does the company have 22 FTE's on revenues of $1.3 Mm and this is the first major project other than the consulting services business? How does a $500 Mm capital investment yield 30 FTE's?
 
QUESTION 4- How much revenue per 400,000 households is generated per year to pay for a $500,000,000 capital investment?
 
QUESTION 5- Is this the model in the future for supplanting coal burning plants to replace electricity?
 
I understand T Boone Pickens is an investor in  the LLC.        
'An appeaser is one who feeds a crocodile, hoping it will eat him last.' - Winston Churchill
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Post Options Post Options   Thanks (0) Thanks(0)   Quote acclaro Quote  Post ReplyReply Direct Link To This Post Posted: Jan 29 2014 at 1:41pm
Q3- sorry....NTE has $1.3 Bb in revenue.
'An appeaser is one who feeds a crocodile, hoping it will eat him last.' - Winston Churchill
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Post Options Post Options   Thanks (0) Thanks(0)   Quote 409 Quote  Post ReplyReply Direct Link To This Post Posted: Jan 29 2014 at 4:54pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote spiderjohn Quote  Post ReplyReply Direct Link To This Post Posted: Jan 29 2014 at 6:41pm
probably won't go fishing, swimming or drinking in Dick's Creek any time in the future.....
Monroe must love this

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Iron Man Quote  Post ReplyReply Direct Link To This Post Posted: Jan 29 2014 at 10:08pm
Awaiting Trotwood's opinion...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote 409 Quote  Post ReplyReply Direct Link To This Post Posted: Jan 29 2014 at 11:15pm
Latest version from MJ:

Power plant not a done deal for Middletown

By Chelsey Levingston and Rick McCrabb

Staff Writer
MIDDLETOWN —
Before an energy company planning to build a $500 million power plant in Middletown can start construction, it must clear a number of hurdles that include obtaining the necessary government permits and certification.

The public will have the opportunity to provide input. Also, the organization that operates the Midwest power grid, PJM Interconnection, is studying the effects of connecting a new electricity power plant on equipment and supplies.

Until government approvals are received and studies completed, the capital-intensive project Middletown leaders are calling a “flagship” for the city is not a done deal.

NTE Energy LLC of St. Augustine, Fla., publicly announced Tuesday plans to build three power plants nationwide fueled by natural gas in Butler County, West Texas and North Carolina. It is only the beginning stages of what’s likely to be a more than year-long vetting process.

If everything goes as planned, construction of the new power plant will create 300 to 400 construction jobs, 25 to 30 permanent operator and maintenance technician jobs, and provide a cleaner source of energy to the region’s electricity supplies, said Tim Eves, senior vice president of development for NTE Energy.

“Our team has a great track record of success and we’re spending a lot of money on development, so we’re quite optimistic we will be able to cross a lot of hurdles and get to construction,” Eves said. “There are a lot of hurdles from here to the beginning of construction, and I think the city of Middletown will play a big role in helping us cross some of those hurdles.”

City officials have been working to land the project the last six to seven months since the company contacted the local government, said Denise Hamet, Middletown director of economic development.

“It’s really a win in many ways,” Hamet said. “It demonstrates faith in the community. It’s a technology partner that will attract other technology partners. It’s going to benefit the community from the top to the bottom.”

NTE Energy’s proposal is to build a power plant running on natural gas on 50 acres near the intersection of Cincinnati-Dayton and Oxford State roads. Middletown Energy Center, as the plant is to be called, would generate more than 500 megawatts of electric power, which could supply approximately 400,000 homes.

The natural gas will burn in a combustion turbine, causing the turbine to spin and rotate a generator, generating electricity. The hot exhaust from the natural gas burning combustion turbine will be captured to make steam. And the steam will turn a second turbine producing electricity.

Mitsubishi Power Systems Americas will manufacture the turbines for NTE Energy’s plants.

“This natural gas plant will be extremely clean because of the fuel that we’re burning. We’re burning clean natural gas and we will have the latest state-of-the-art emission control technology at the facility,” Eves said. “The ability to take waste heat to create steam makes this a very efficient cycle.”

The electricity NTE generates in Middletown would be sold wholesale to utility providers. NTE would not sell electricity directly to retail customers.

So far, NTE Energy reached in October 2013 an option agreement to purchase the land at the proposed Middletown site for an undisclosed price from AK Steel Holding Corp. Other than the sale of the property, AK Steel is not involved in the project. The power plant would be independently owned and operated by NTE Energy.

The Florida company started the process last October for the study by grid operator PJM, looking at the impact of connecting the generator to the system. PJM Interconnection serves 61 million people in 13 states, including Ohio and the District of Columbia. It manages the operation of the region’s transmission grid, which includes 62,556 miles of transmission lines.

NTE Energy anticipates the PJM study to be complete by late summer 2015.

“We don’t approve or disapprove a plant, we just tell them what the costs are to connect their plant to the grid,” such as the cost of adding or upgrading equipment, said PJM spokesman Ray Dotter.

Other next steps include applying for Ohio Power Siting Board certification and an air permit from Ohio Environmental Protection Agency. Eves said NTE is preparing those applications with plans to submit them by the end of March.

Additionally before the project moves forward, NTE will need to sign contracts to buy natural gas supplies and contracts to sell electricity to utility customers. Plans are in the next four to six months to hire an engineering, procurement and construction company to design and build the plant.

The project will have to go through Middletown’s zoning and planning boards and city council, which is standard for any project, according to Hamet.

“We don’t anticipate any zoning issues,” she said, noting the land is currently zoned industrial.

Hiring will not start until at least this time next year. Company officials said the positions will be “good paying jobs that you can support a family on.”

Once construction starts, it will take about three years to complete. The timeline calls for operations to begin in 2018.

The project does not qualify to receive state tax credits, according to the Dayton Development Coalition. However, Middletown officials said they anticipate that NTE will be requesting a 20-year property tax abatement from the city.

Natural gas a growing energy source

Natural gas is a small but growing source of energy supplies, said Steve Irwin, spokesman for Ohio Power Siting board. In 2011, coal represented 78 percent, nuclear energy represented 11 percent, and natural gas 8.9 percent of sources of energy generation, according to the U.S. Energy Information Administration.

In the last 18 months, the state siting board has certified the expansion of a natural gas-fired facility in Vinton County, approved a 799 megawatt natural gas-fired plant in Lucas County, of which construction has not yet started, and is currently considering a 700 megawatt plant in Carroll County, Irwin said.

Natural gas powered energy plants are a growing trend in recent years because of the low prices of gas, said Dotter of PJM.

“Most of the proposed plants that have come to PJM are natural gas fired,” Dotter said. “The abundance of natural gas is really driving the increase in development of natural gas plants along with environmental regulations.”

“We’ve seen a number of (coal-fired plants) announce that they’re going to retire or have actually retired because of the cost of meeting the new environmental standards,” he said.

Eves, of NTE Energy, said demand for more electricity is growing post-recession.

“Why ours is going to be attractive is because it’s going to be one of the most efficient plants in the country with very low cost energy in an area with growing demand and shrinking supply,” Eves said.

Choosing SW Ohio

Middletown met key criteria for NTE Energy to build a new power plant: access to transmission wires, water to cool the equipment, a strong customer market and natural gas supply, said Rick Pearce, president and chief executive officer of The Chamber of Commerce Serving Middletown, Monroe and Trenton.

“Our location fit all their needs,” Pearce said.

The chamber president, other city leaders and a group of business officials met last week at Stained 1054 Bistro in downtown Middletown. It was the first time Pearce ever heard about the project to bring a proposed power plant to Middletown.

He said the company and city officials kept “a tight lid on it.”

In addition to ensuring the region had a robust market to sell electricity to here, Eves also said infrastructure was crucial — the property picked has natural gas pipelines and electric transmission lines crossing it.

“The demand in Southwest Ohio is strong. The infrastructure is strong and what attracted us to Middletown was really the reception of the people in Middletown,” Eves said. “Picking Middletown as the location is almost completely dependent on the reception we got from Middletown.”

Eves added that company officials have been pleased with the warm reception they’ve received from the city.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote acclaro Quote  Post ReplyReply Direct Link To This Post Posted: Jan 29 2014 at 11:34pm
FACTS:
 
1) No one in Donham had a clue this was coming until 30 days ago.
 
2) NTE Energy chose Middletown because they knew Monroe had spent a fortune in treasure fighting SunCoke and lost. Several key leaders at NTE are lawyers and skilled at government regulations and approval.
 
3) NTE knew Middletown was desperate and would give 20 year tax abatements. Middletown is picking up little in taxes on any new business.
 
4) As Marcia Andrew correctly stated, revisions in Ohio tax code no longer allows for taxes to be collected on capital assets. This project will have little effect upon Middletown. Selling electricity to Duke doesn't do much for the consumer cost.
 
5) What will Monroe's position be?       
'An appeaser is one who feeds a crocodile, hoping it will eat him last.' - Winston Churchill
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Post Options Post Options   Thanks (0) Thanks(0)   Quote acclaro Quote  Post ReplyReply Direct Link To This Post Posted: Jan 29 2014 at 11:59pm
Can't wait to hear what a role Cincinnati State and a "trained" workforce had upon NTE's decision.
 
Aptly stated 409:
 
Today is a beginning of a new error in a new era of total tax abatements.
 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mike_Presta Quote  Post ReplyReply Direct Link To This Post Posted: Jan 30 2014 at 6:04am
Acclaro and Spider:

You know that I am usually on the same page with you two, but I am trying to stay impartial on this and speak mainly to technical/construction (as opposed to business/financial) aspects.

Anyone fishing in, swimming in, or drinking of the waters of Dicks Creek is ill-informed now. This plant is highly unlikely to make matters worse. First, both Ohio and federal EPAs will on eagle-eyed alert. Second, water from Dicks Creek (or from any other source) used for process purposes will most likely be used in a “non-contact” manner. That is, for example, in heat exchangers where the water is piped in and out while air or “contained” water is circulated around it, but never allowed to contact it.

Next, City Hall might claim that Cinci State had a key role in the site selection, but that is highly unlikely. The operating personnel required are not much different than those required by AK (in their motor rooms, for example, where they have large motor-generator sets) or by SunCoke, Duke or DP&L in their facilities. Such candidates are available from any of a number of colleges and technical school in the area. (Or, they could be proselytized from any of a number of area companies.)

Next, while I am unfamiliar with NTE Energy, I am sure that there are a number of engineering companies that could competently handle this project. The first that comes to mind is one (I can’t recall the name) that evolved after Echleay (one of my old employers) went belly-up. Bob Grier assembled some of the ex-employees. They are tight-lipped (we kept the Rockport Works under wraps); they have a good working relationship with AK and knew all of the property in and around Middletown Works; and we had a working relationship with Mitsubishi Heavy Industries (and had visited their facilities in Hiroshima). I’d bet a shiny new dime that they are in on this to some extent, and this is probably a good thing.

Lastly, and Acclaro certainly knows more about this than I, while “capital assets” are no longer taxed, wouldn’t that apply just to the production equipment??? Wouldn’t buildings and land be taxed more than just unimproved land??? (I don’t know…just asking.)
“Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012
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Post Options Post Options   Thanks (0) Thanks(0)   Quote spiderjohn Quote  Post ReplyReply Direct Link To This Post Posted: Jan 30 2014 at 6:09am
Let it happen
We have proven to be the cheapest place to locate and pollute--especially when they locate on the border of our neighbors

No one pays property taxes here any more--another reason why cash flow is poor

House Guy returns!
Had a lot of bad info on my situation fueling his nasty, ill-informed and ignorant comments that he couldn't back up. So he ran off insulting and pouting with the usually false "I'm outta here, losers!" line.

The guy met me--seemed ok.
Never asked me a thng though I was always available.
Obviously shilling for work with the dark side group.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mike_Presta Quote  Post ReplyReply Direct Link To This Post Posted: Jan 30 2014 at 6:15am
I forgot to mention the availability of techs and other employees from GE.
This turbine is basically a jet engine. It is fueled by natural gas rather than Jet-A. It spins a generator rather than providing thrust.
“Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012
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