Ontelaunee Energy Center (OEC) is a case in point. The nominal 550-MW, 2 × 1 combined cycle, powered by W501FD2 gas turbines, was designed by WorleyParsons Group Inc for base-load service. It began commercial operation late in 2002— the middle of the bubble. The Reading (Pa) plant was commissioned by Calpine Corp and cycled daily, or less frequently, until relatively recently. OEC was bought by LS Power Equity Partners in October 2005 when Calpine was forced into bankruptcy and resold a year later to Dynegy Inc. Today it is managed by Dynegy Power LLC.
