FREEPORT GENERATION PROJECT

             First of the New Turbine Engines Arrives in Freeport

Village Expects New Power Plant 2 Generator to be Online by Spring 2004

(Freeport, New York, October 2003) - The first of the two new dual-fuel turbine generators to be installed at Power Plant 2 was recently delivered to the Village by barge. The General Electric LM-6000 components were off-loaded from the barge to flatbed trucks and delivered to Power Plant 2. The site for the new 47-megawatt turbines is being prepared with separate concrete foundations designed to hold each of the two 90-ton generators. The water piping, electric conduits and cables will be installed next.

 Freeport’s new generator is expected to be in operation by Spring of 2004. The Village’s electric utility will own and operate one of the planned turbines, which will provide up to 37 megawatts of power to  Village customers and sell 10 megawatts of power to LIPA for use by Long Island residents for a guaranteed 30 years. The second 47-megawatt generator will be owned and operated by an independent developer, Equus Power I, LP, which is in negotiations to provide electricity to LIPA customers. The second generator is expected to go online by June 2004. The installation of the new generators at Power Plant 2 will enable the Village to continue its century-long tradition of providing safe, reliable, affordable electricity to Freeport businesses and residents for many decades to come.

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