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CARDINAL POWER FACT SHEET

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CARDINAL POWER FACT SHEET Powered By Docstoc
					MACQUARIE POWER AND INFRASTRUCTURE CORPORATION




carDiNaL power
fact sHeet
                                                                AT-A-GLANCE
                   Cardinal Power, a combined cycle             Operating Data:
  about carDiNaL




                   gas cogeneration plant, is one of            „   Installed capacity - 156 net megawatts (MW)
                   Ontario’s largest independent non-           „   Electricity sales* – 1,251,909 megawatt
                                                                    hours (MWh)
                   utility generators (NUGs). Cardinal
                                                                „   Approximate equivalent number of households
                   simultaneously produces electricity              per year – 126,200
                   and thermal energy from natural gas,         „   Steam sales* – 693,844 klbs
                   which results in a highly efficient use of   „   Number of employees - 18
                   energy.
                                                                Gas Combustion Turbine Engine:
                   Cardinal has been the 501D5 turbine's        „   Model – 501D5 turbine
                   world fleet leader in reliability and        „   Manufacturer – Westinghouse

                   availability every year since the start      „   Speed – 3,600 rotations per minute (RPM)
                                                                „   Weight of engine – 150 tonnes
                   of commercial operations, with a
                   14-year average reliability of 99.8%         Key Agreements:
                   and availability of 97.4%. This is           Power Purchase Agreement with Ontario Electricity
                                                                Financial Corporation (OEFC) – until 2014
                   approximately 1.0% and 3.2% higher,          Energy Savings Agreement (ESA) with Canada
                   respectively, than the one hundred           Starch Operating Company (Casco) to sell steam
                   other 501D5 turbines operating today.        and compressed air – until 2015
                                                                Gas Purchase Agreement with Husky Energy
                   The Cardinal facility is located in the      Marketing Inc. – until 2015

                   town of Cardinal, Ontario, which is east     Start of Commercial Operations:
                   of Brockville on the north shore of the      November 1994
                   St. Lawrence River.
                   * In the year ended December 31, 2007        * In the year ended December 31, 2009
              HOW CARDINAL GENERATES POWER
          As is typical with cogeneration plants, Cardinal has                 that produces high pressure steam. This steam is
          a low heat to electricity ratio and produces more                    piped to a steam turbine that powers a second
          electricity than steam for sale.                                     generator, which produces more electricity. Some
                                                                               of the steam is diverted from the steam turbine
          A combustion turbine burning natural gas powers                      to Casco’s plant and is used in its manufacturing
          a generator that produces electricity. The hot                       process. Cardinal also provides free steam to heat
          gas exhaust from the combustion turbine is                           an elementary school that is located beside the
          diverted into a heat recovery steam generator                        facility.

                                                            Air Intake
                                                                                    Gas Intake

                                                                                                                         Stack
                                110 MW
                                                                     Combustion Turbine
                                                Generator                                                  Heat Recovery
                                                                                                           Steam Generator
                                                                           High Pressure Steam
                                          4 MW Plant                                                           Benson School
                                          Usage                                           Low Pressure Steam

                                50 MW
                                                                            Steam Turbine
                                              Generator


                                                                                            Condensor

                                156 MW                                   Casco Steam

                                                                                                                    Pump
                                                                                                                    House
                                                                                                                               St. Lawrence River



                         Hydro One Grid


          „   Non-utility generators such           „     Cogeneration is an                         „   Natural gas combustion
              as Cardinal account for                     environmentally preferred                      results in virtually no
DID YOU
KNOW ?




              approximately 6% to 8%                      form of power generation                       atmospheric emissions
              of Ontario’s total power                    as it uses natural gas, a fuel                 of sulphur dioxide and far
              generation capacity, which                  source that emits less than                    lower emissions of carbon
              makes NUGs an important                     half the greenhouse gas                        monoxide and nitrous oxide
              part of Ontario’s electricity               (GHG) per unit of energy                       than the combustion of other
              supply mix                                  produced than the cleanest                     fossil fuels
                                                          available thermal power
                                                          station
  KEY CONTRACTS
GAS PURCHASE CONTRACT                                           POWER PURCHASE AGREEMENT
Cardinal’s natural gas costs and the seasonal                   Cardinal sells the electricity it generates to the
nature of the Canadian natural gas market are                   OEFC, which is obligated to pay Cardinal monthly.
managed through a long-term gas purchase                        The rate paid by the OEFC escalates with its direct
contract with Husky Energy Marketing Inc. that                  customer rate, which is based on the total market
expires in 2015. The purchase contract also                     cost of electricity to industrial customers. Higher
includes a gas mitigation clause under which                    electricity rates are paid during the winter months
Cardinal has the option to sell excess natural gas              than during the summer. In addition to these
not used in its operations.                                     monthly payments, Cardinal receives capacity
                                                                payments from the OEFC for electricity delivered
                                                                during on-peak hours to a maximum of the target
                                                                quantities specified in the PPA.

  PERFORMANCE (for the year ended December 31, 2009)
During 2009, Cardinal achieved availability of                  Cardinal is capable of producing more electricity in
95.6% and a capacity factor of 94.7%, which                     winter when the gas turbine is able to achieve peak
reflects the high quality of the plant. Total electricity       output as a result of lower ambient temperatures.
                                                                                                                      Quebec
production during the year was 1,251,909 MWh.                   Cardinal is highly efficient, with a five-year average
Cardinal also delivered 693,844 klbs of steam to                availability of 96.7%.
Casco.                                                                                                                  Trois-Riveres

                                                                                                                                                         SITE MAP
                      Algonquin                                                                          Terrebonne
                         Park                                      Buckingham
                                                                                                        Montreal
                                                                         Ottawa                               St-Jean-Sur-Richelieu            Sherbrooke
                                                                                             Salaberry-De-Valleyfield
                                                                                  Cornwall
                                                             CARDINAL
                                                                                                                                                                    Maine
                                                                                      Massena

                                                                             Ogdensburg
                                                                         Brockville




                                                  Kingston

                                                                                                Adirondack
                                                             Watertown
                                                                                                    Park

                Toronto


  Hamilton
                                  Rochester


                                                       New York

                                                                                                                                        Massachussetts
                             Macquarie Power and Infrastructure
 about macquarie power aND
iNfrastructure corporatioN
                             Corporation’s (MPIC) mission is
                             to build and responsibly manage
                             a high quality portfolio of core
                             infrastructure businesses in Canada
                             and internationally in order to deliver
                             a superior total return to investors
                             through stable dividends and capital
                             appreciation. MPIC’s portfolio
                             currently includes investments in gas
                             cogeneration, wind, hydro and biomass
                             power generating facilities across
                             Canada, representing approximately
                             350 MW of installed capacity. MPIC
                             is also currently developing a 20 MW
                             solar power facility in Ontario and has
                             entered into an agreement to acquire a
                             33.3% interest in a portfolio of district
                             heating businesses in Sweden. MPIC
                             is publicly listed on the Toronto Stock
                             Exchange (TSX: MPT).




                             CONTACT
                               Sarah Borg-Olivier                               WEBSITE
                               Investor and Public Relations                    www.macquarie.com/mpic
                               Macquarie Power and Infrastructure Corporation
                                  (416) 607 5009
                                  sarah.borg-olivier@macquarie.com

				
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