ENVIRONMENTAL POWER <POWR> GETS CONTRACTS
Environmental Power Corp said it has
signed a 50 year contract to sell power from its 12-megawatt
Allegheny River Lock and Dam Number Seven Project near
Kittanning, Pa., to Allegheny Power System Inc <AYP>.
    The company said the project is expected to produce an
average electrical output of 55 mln kilowatt hours when
completed and is contingent on Environmental obtaining a
Federal Energy Regulatory Commission license.
    The company said it has also signed a 15-year contract to
sell all power to be generated by 2.6 megawatt hydroelectric
project at Falls Lake Dame near Raleigh, N.C., to Carolina
Power and Light Co <CPL>.  The average expected annual
electrical output is 11 mln kilowatt hours.
 Reuter
