Who is Clean Energy Future
Clean Energy Future, LLC (CEF) is a privately owned company dedicated to the development, construction, long-term operation, and financing of new, low-cost, gas-fired electricity generation facilities. CEF is more typically described as an Independent Power Production (IPP) entity. IPP companies are not a regulated monopoly utility such as AEP Ohio, DP&L, and FirstEnergy. By their very nature, IPPs must compete daily to provide the most economic, reliable and low-cost electricity. In fact, an IPP’s core function is to protect the ratepayer from any negative consequences due to changing market conditions or decisions by management.
CEF Projects & Founder
CEF’s management initially became involved in new gas-fired facilities in Ohio in 2000. It was during this time period that the current Fremont Energy Center was developed. The Fremont facility was built and continues to successfully generate today producing 710 MW of power under the ownership of AMP. Since that time, two additional modern gas-fired generation electricity facilities have advanced to construction stages. The 960 MW Oregon Clean Energy Center (Oregon, Ohio) has been under construction since November 2014 and will be fully operational in May 2017. A similar 940 MW gas-fired plant broke ground in April 2016 and will be in production in June 2018. Advanced development is now underway to complete two additional new gas-fired facilities: The Trumbull Energy Center (940 MW) and the Oregon Energy Center (955 MW). These two new facilities, located in Lordstown, OH and Oregon, OH, respectively, will be operational in summer 2020.
By the fall of 2017, CEF will have effectively brought $ 4.5 Billion of new private investment to northern Ohio, for the sole purpose of creating low-cost electricity for Ohio’s ratepayers.
The founder and president of CEF is William Siderewicz, P.E. He has been actively involved in the development and completion of IPP electricity production facilities for 37 years. To date, he has been involved in the completion of 35 separate IPP projects totaling 14,350 MW of generation capacity.