The Maryland Public Service Commission (PSC) today approved Wildcat Point Generation Facility (Wildcat Point), a state-of-the-art, combined-cycle natural gas generation facility proposed by Old Dominion Electric Cooperative (ODEC) to be located adjacent to its existing generating facility in Conowingo, Maryland.
The $675 million Wildcat Point facility will boost the regional economy, improve reliability on the region’s electric grid, and help ODEC deliver cleaner, cost-effective power to its 1.2 million members in Maryland, Virginia, and Delaware. Wildcat Point is expected to generate 1,000 megawatts of electricity, enough to power roughly 390,000 homes annually. By issuing a Certificate of Public Convenience and Necessity, or CPCN, the PSC provided ODEC the final permitting required to begin construction.
“The PSC’s decision is an important win for our members and for the region’s energy future,” said Jackson Reasor, president and CEO of ODEC. “As demand for electricity has grown in ODEC-served areas, constructing a state-of-the-art, environmentally-friendly power generation facility became a critical priority. Wildcat Point will enable us to provide our members cost-effective, locally produced power while reducing reliance on costlier electricity bought on the market. I would like to thank the citizens of Cecil County and their elected representatives for their early and steadfast support for this important economic development project.”
The PSC’s decision follows a rigorous, 11-month review of ODEC’s proposal by local, state, regional, and federal agencies. To receive the CPCN, Wildcat Point was required to meet stringent environmental, traffic, and historic preservation regulations.
Both ODEC and the PSC hosted public hearings during the review process. No one spoke formally in opposition to the project at either hearing. Construction is expected to begin in late 2014 or early 2015 and will create a peak construction workforce of approximately 600 jobs. Once operational in 2017, Wildcat Point will support 30 permanent jobs. A report authored by Chmura Economics & Analytics estimates that Wildcat Point will create a $1.2 billion total economic impact for Maryland over 30 years. In addition, an agreement between ODEC and Cecil County guarantees $124.2 million in tax revenue for the county.
Wildcat Point will be built in Conowingo, Cecil County on existing property at the ODEC constructed Rock Springs Generation Facility, which became operational in 2003.