This excerpt taken from the BP 6-K filed Jul 1, 2008.
BP BUYS WHITING CLEAN ENERGY POWER PLANT IN INDIANA
Plant provides reliable source of steam to refinery
BP Alternative Energy today announced that it has acquired the Whiting Clean Energy
facility, a 525 megawatt (MW) natural-gas fired combined-cycle cogeneration power plant
located in Whiting, Indiana, USA. The plant was acquired for $210 million from NiSource
Inc., a Fortune 500 company engaged in natural gas transmission, storage and distribution,
as well as electric generation, transmission and distribution.
BP purchased Whiting Clean Energy after exercising its right of first refusal with NiSource. The investment is consistent with BP’s strategy of owning cogeneration projects that enhance energy efficiency and minimize the company’s global emissions.