The upgrading of engines #3 & #6 has been completed at the MMEU North Power Plant. This means we now have 8 engines RICE/NESHAP compliant and scheduled into the MISO Capacity Market.
Maquoketa Municipal Electric Utility has invested approximately $1,100,000 to upgrade eight of its diesel, diesel/natual gas fired generators to become RICE/NESHAP compliant and eligible for the MISO Capacity Market. Through an agreement with our Joint Action Agency, WPPI Energy, we have a ten year contract that will bring in an estimated $7,200,000 over the life of the contract. All eight of our engines are qualified for this year's Capacity Market that begins June 1, 2017 and ends May 31, 2018 with an expected revenue stream of $672,000.