Biofuels Power Corp (BFLS)

Description:

Biofuels Power Corporation, a Texas corporation, was incorporated January 20, 2004 as Aegis Products, Inc. The Company generates grid power from biodiesel and renewable gas. It is a distributed energy company that uses biodiesel to fuel small electric generating facilities that is located in close proximity to end-users. Its current operations are conducted at two sites in the HGB surrounding Houston, Texas. All of its facilities are located within 35 miles of downtown Houston. Its first power plant is located near Houston, Texas in the city of Oak Ridge North. During February 2007, BPC began generating and selling its power through Fulcrum Power to Centerpoint Energy. In January 2008, the Company's second power plant located just north of its first facility near the City of Oak Ridge North began generating and selling its power directly to Entergy. In the electric power markets, the Company competes with all major utilities that provide power to the ERCOT and Entergy grids, and a variety of small power producers including CHP facilities, wind farms and solar power installations. All phases of designing, constructing and operating biodiesel powered facilities for the generation of electricity are subject to environmental regulation by various federal and state government agencies.