OUC History Book

Page 53

1990–2010 OUC Sells Indian River Plant Steam Units, Diversifying the Generation Portfolio Negotiating the sale of the Indian River

In response to feedback from commercial customers, OUConsumption Online was developed to satisfy the need for easy access to online energy load data.

looming in the future, OUC analyzed its

Plant steam units in 1999 signaled an

power generation facilities and other assets

important new direction for OUC. By selling

to determine how best to use them over

the steam units, but continuing to purchase

the short and long terms.

their power, the facility generated additional

OUC sold the Indian River steam units

cash to invest in newer, cleaner technology.

to Reliant Energy for $205 million in cash,

The transaction was the first in a series of

a four-year agreement to purchase power

strategic moves in an asset restructuring plan

from the facility and an additional four-year

that called for diversifying the utility’s power

power purchase option. OUC maintained

resource portfolio and investing in more

ownership of the four combustion turbines

modern facilities. With market deregulation

at the plant.

OUC CONVENIENT LIGHTING BEGINS OPERATION In the fall of 2000, OUC flipped the switch

for a monthly service fee. With OUC’s efficient

on OUConvenient Lighting, a new division

lighting solutions, customers could keep their

established to provide complete outdoor

electric and maintenance costs down.

lighting services for a wide spectrum of

As part of this new venture, the lighting

commercial applications —

division entered a 10-year

from industrial parks to

contract with the City of

sports complexes to

Orlando to provide

residential developments.

complete installation and

The division was a

maintenance of the Citrus

natural fit, pairing OUC’s

Bowl’s field lighting —

reputation for reliability with area businesses’

replacing the stadium’s old lights with higher

need to install and maintain street lights and

output, energy-efficient ones. The project

exterior lighting on their properties. Under

increased the facility’s brightness and

the program, OUC purchased, installed and

reduced energy costs, while using only half

maintained the lighting fixtures and lamps

as many fixtures.

Page 49


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