NEW YORK, July 31, 2007 (PRIME NEWSWIRE) -- MMC Energy, Inc. (Nasdaq:MMCE) today announced that it has published an updated request for proposals (RFP) for long term contracts to finance planned energy efficiency upgrades of its Chula Vista and Escondido facilities.
The planned upgrades will serve to increase the efficiency and capacity of the facilities. MMC had announced previously an RFP for its Chula Vista facility, but has updated key technical data based on further engineering work performed to date. The RFPs can be accessed on the Company's website at www.mmcenergy.com/operations. MMC will periodically post technical updates for the projects on the website.
MMC's Chula Vista and Escondido facilities are currently operated as nominal 44 MW natural gas-fired peaking facilities, which have state of the art emission control systems, can reach base-load power output in less than 10 minutes to meet peak load requirements, and were successfully re-commissioned by MMC in 2006.
About MMC Energy, Inc.:
MMC Energy is an energy company that acquires and actively manages electricity generating and energy infrastructure-related assets in the United States. The Company's mission is to acquire, directly or through joint ventures, a portfolio of small to mid size electricity generating assets, generally below 250 megawatts, or "MW." To date, MMC has acquired three electricity generating assets in California, totaling 110 MW of capacity. The Company is currently in the process of upgrading two of these assets. MMC is also pursuing additional acquisitions primarily in California, Texas and the Mid-Atlantic and Northeastern United States.
Forward Looking Statements:
This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding MMC's ability to expand existing generating facilities and exploit acquisition opportunities. These statements are expressed in good faith and based upon a reasonable basis when made, but there can be no assurance that these expectations will be achieved or accomplished. Readers are urged to carefully review and consider the various disclosures made by MMC in its reports filed with the Securities and Exchange Commission, including those risks set forth in its 2006 Annual Report on Form 10K-SB. MMC assumes no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, other than as may be required by applicable law or regulation.