EFS Cogen Holdings I LLC

EFS Cogen Holdings I LLC (EFS Cogen) is a special-purpose, bankruptcy-remote entity that owns two gas-fired, combined-cycle cogeneration facilities at the site of the Phillips 66 Bayway Refinery in Linden, N.J. The assets are the 806 megawatt (MW) Linden 1-5 facility, completed in May 1992, and the 165 MW Linden-6 facility, completed in January 2002. Linden 1-5 sells power on a merchant basis into the New York Independent System Operator (NYISO) Zone J market, and sells steam to Infineum USA LP and Phillips 66 under long-term contracts that expire in April 2032. Linden 6 provides power for the Phillips 66 Bayway Refinery, selling up to 165 MW of electricity to Philips 66, with any electricity not used by Phillips 66

...EFS Cogen Holdings I LLC (EFS Cogen) is a special-purpose, bankruptcy-remote entity that owns two gas-fired, combined-cycle cogeneration facilities at the site of the Phillips 66 Bayway Refinery in Linden, N.J. The assets are the 806 megawatt (MW) Linden 1-5 facility, completed in May 1992, and the 165 MW Linden-6 facility, completed in January 2002. Linden 1-5 sells power on a merchant basis into the New York Independent System Operator (NYISO) Zone J market, and sells steam to Infineum USA LP and Phillips 66 under long-term contracts that expire in April 2032. Linden 6 provides power for the Phillips 66 Bayway Refinery, selling up to 165 MW of electricity to Philips 66, with any electricity not used by Phillips 66 sold on a merchant basis into the Pennsylvania-New Jersey-Maryland Interconnection LLC (PJM). Linden 6 also sells 20 MW of electric capacity on a merchant basis into PJM. Linden 6 produces around 10% of the project's total cash flow....

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