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Nuevo Midstream Selects Broker for Energy Supply Management
Nuevo Midstream, LLC has selected Priority Power Management, LLC for energy supply management services.
Under this agreement, PPM will provide strategic planning, procurement, contract negotiations, and risk management services for the competitive electricity supply to Nuevo's Ramsey Gas Processing and Treating plant located in Reeves County, Texas.
PPM will also evaluate opportunities to monetize the intrinsic optionality value of Nuevo's existing onsite natural gas-fired generation through demand response initiatives.
PPM was also selected by Nuevo to build, own, operate and maintain a 138kV/21.6kV 20MVA high voltage substation and distribution feeder at the plant, and lease the facility to Nuevo.
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October 23, 2013
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Copyright 2010-13 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com
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