Press Releases : 03/08/2007
FOR IMMEDIATE RELEASE
CONTACT:
Glen Canavera
North American Energy Services
P 425 961 4700
F 425 961 4646
glen.canavera@naes.com
http://www.naes.com
North American Energy Services Awarded Five-Year Operations & Maintenance Contract at B.L. England
Issaquah, WA, 03/08/2007 -- ISSAQUAH, WA - North American Energy Services Company (NAES), a broad-based provider of services to the power generation industry, announces that it has entered into a long term agreement with RC Cape May Holdings, LLC, an affiliate of Rockland Capital Energy Investments, LLC ("Rockland") to provide operations and maintenance services for its B.L. England Generating Station, located in Beesley's Point, New Jersey. NAES assumed control of operations on February 8, 2007.
B.L. England provides approximately 450 megawatts of generating capacity from three generating units. Units 1 and 2, designed and constructed by Bechtel, use B&W drum-natural circulation wet-bottom cyclone boilers to provide steam to GE tandum compound turbines. Unit 3, designed and constructed by United Engineers, uses a CE drum-natural circulation tangentially-fired boiler to provide steam to a GE tandum compound turbine. Units 1 and 2 burn coal and Unit 3 burns oil.
Rockland Capital Energy Investments, LLC
Rockland, a private energy investment company founded in 2003, focuses on the acquisition, development and optimization of companies and projects in the North American and European energy sectors. Jim Maiz, Director at Rockland Capital Investments, LLC stated: "We are very excited to be working once again with NAES. NAES has supported our acquisition activities since our company's inception and has always delivered positive results. We are confident that they will continue to meet our expectations."
North American Energy Services
NAES, headquartered in Issaquah, Washington, is the industry's largest independent, third-party provider of power plant operations and maintenance services, with an experience base of more than 27,000 MW of generation capacity in a wide range of technologies, fuels, locations, customers and modes of operation. With additional offices in New York City, Pittsburgh, Carneys Point, Portland, and Houston, NAES also provides O&M support, maintenance, construction and repair, gas and steam turbine field maintenance and component repair, and the placement of temporary technical and management personnel to the generation industry.
NAES is owned by ITOCHU International Inc., the U.S. affiliate of ITOCHU Corporation. With operations in over 80 countries covering a broad range of industries, ITOCHU is among the world's largest corporations.
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