Renewable Energy By and For New England

To improve performance, increase generating capacity, and reduce emissions NEC will invest several million dollars to refurbish and upgrade the facility. This will make it eligible to sell Renewable Energy Certificates to load-serving entities by qualifying as a New Renewable Generating Unit under Massachusetts regulations.

"The refurbishment and upgrade will significantly reduce plant emissions, allowing Greenville Steam Company to help fill the growing demand for clean, renewable energy in the Northeast," said Scott Brown, NEC CEO.

NEC also has investments in ethanol and biodiesel production, and on-site cogeneration.

"I am excited to be working with New Energy Capital as we write a new chapter in the life of the Greenville Steam Company," said Ray Kusche, Greenville Steam Company president. "This investment will be good for our employees at the facility, good for the Town of Greenville, good for Maine, and good for our environment."

New combustion and controls technology will be supplied by Energy Products of Idaho, and Mobotec USA of Walnut Creek, California. Fastco of Lincoln, Maine will provide installation services. The refurbishment and upgrade of the facility is due to be completed in mid-2006.