Dedication Ceremony Marks Completion of ODEC’s Wildcat Point Generation Facility
Cecil County, MD - Old Dominion Electric Cooperative (ODEC) held a dedication ceremony to mark completion of its 1,000 MW combined-cycle natural gas power plant—Wildcat Point on May 8, 2018.
Located in Cecil County, Maryland, Wildcat Point is a state-of-the-art facility that became operational in April of this year. The plant produces enough electricity to power about 390,000 homes.
Wildcat Point becomes ODEC’s largest owned asset and adds to the cooperative’s diversified mix of generation which provides a constant flow of electricity crucial to meeting its mission of delivering affordable, reliable, power to its member-owners.
According to Marcus Harris, ODEC president and CEO, the opening of Wildcat Point Generation Facility is a “significant milestone for ODEC. This new source of cleaner, cost-effective power will improve reliability on the region’s electricity grid and will provide our members with a stable source of clean energy for decades, help us to keep energy rates affordable, improve reliability, and create steady revenue for Cecil County,” said Harris.
J. William Andrew, chair of ODEC’s board of directors and president and CEO of Delaware Electric Cooperative stated that the Wildcat Point Generation Facility,”is a very efficient power plant that will provide increased reliability to the region, keep electric rates low, and allow us to meet the demands of a growing population in many of our cooperative areas”.
“We recognized years ago that energy consumption was rising and that we needed new sources of power to help close the gap, “ said Rick Beam, ODEC senior vice president of power supply. “Wildcat Point was envisioned and constructed to meet that need. It increases ODEC’s supply of owned generation assets and reduces our need to buy from the market”.
At its peak during construction of the plant about 1000 construction workers were on site . Now in operation, Wildcat Point employs 30 full time employees. The plant is expected to create an estimated 33.5 million dollar annual impact for Cecil County, Maryland. ODEC also has a revenue agreement in place that will dedicate roughly 124 million dollars to the county over 30 years.
“We’re really proud to be a part of this community ,” said Brian Heinbaugh, plant manager of Wildcat Point. “We’re committed to running a top notch facility and continuing to be a good neighbor”.
Headquartered in Glen Allen, Virginia, ODEC is a not-for-profit, member-owned, power supply cooperative. It supplies the wholesale power requirements of its 11 member electric distribution cooperatives, which includes A&N Electric Cooperative. These 11 member cooperatives provide reliable, affordable electricity to 1.4 million people in 70 counties in Virginia, Maryland and Delaware. Learn more at www.odec.com.