The Palamara power plant began operations in 2000. It is located on the north side of the city of Santo Domingo and has an installed capacity of 102.5 MW. With regard to the La Vega power plant, it began operations in 2001 and is located in the La Vega province, north of Santo Domingo. It has an installed capacity of 87.5 MW.
LNG for peak shaving is usually produced by small-scale liquefaction facilities and peak shaving capacity is focused in the Midwest and the Northeast. Although peak shaving capacity is intended to supply extra feed gas to power plants in times of higher demand, some companies are monetizing peak shaving capacity using new business models.
Peak shaving is one the most common domestic uses for LNG today: Peak shaving is when LNG is stored at a power plant so that in times of peak demand the utility can tap into the LNG in order to increase power output to meet demand spikes.
Peak shavers with liquefaction facilities are able to take natural gas directly from pipelines, liquefy it, and store it for later use. Peak shavers without liquefaction facilities must rely on LNG tanker trucks to refuel their LNG storage tanks. There are over 50 operating peak shaving facilities in the United States today.
There are over 50 operating peak shaving facilities in the United States today. One half of peak shaving facilities are located in the Northeast while a quarter are located in the Midwest. Of the over 1.3 billion gallons per year of peak shaving capacity in the United States, almost 1 billion is located in these two regions.
Through Compañía General de Electricidad (CGE) de Chile, we hold a 100% stake in the natural gas distribution company Gasnor. This company has 581,000 customers and a 12,616-kilometre network. We also own 100% of the electricity distribution company Energía San Juan, which has 261,000 customers.