MMC Energy Inc. (fka MMCY)

[Golden Cross]

MMCN - MMC Energy, Inc. Announces Escondido Power Plant Operational in time for California's Peak Summer Season
Monday June 12, 8:16 am ET


NEW YORK, June 12 /PRNewswire-FirstCall/ -- MMC Energy, Inc. (OTC Bulletin Board: MMCN - News) today announced that its wholly owned power plant, MMC Escondido with gross nameplate capacity of 44 MW has achieved its Commercial Operation Date in time for California's peak summer season.



MMC Escondido has begun commercial operation and is now supporting the energy-scarce Southern California market with electricity. The plant has been qualified by the California Independent System Operator ("CAISO") to provide spinning reserve ancillary services and reliable energy to the critically short Southern California energy market. The plant has black start and quick start capabilities and can reach base-load power output in less than 10 minutes to meet peak load requirements.

MMC Escondido is located in the City of Escondido in San Diego County on land owned by MMC Energy, Inc. and interconnects directly into the San Diego Gas and Electric transmission system. The facility is fueled with natural gas and has state of the art emission control systems.

"At a time when the Governor of California, the California Energy Commission ("CEC") and other energy agencies are warning of energy shortages, MMC has stepped up by making a substantial investment in California and delivering critically needed new megawatts to increase energy supplies in time for the hot summer months," said MMC's Chairman and Chief Executive Officer, Karl Miller.

"MMC has made a commitment to the Governor of California, the CEC and other energy agencies that it will continue to invest in power generation facilities and deliver critically needed new megawatts to California as long as the regulatory and market structure changes support MMC investments," Miller added.

About MMC Energy, Inc.

Headquartered in New York City, MMC Energy, Inc. is a North American energy acquisition company, which primarily acquires and operates deep value power generation and associated energy infrastructure assets. The Company's mission is to create long-term value from deep discount acquisitions through a duel focus on structuring disciplined acquisitions and hands on post- acquisition asset management. The Company currently owns power generation assets in California and is pursuing an aggressive portfolio acquisition and growth strategy targeting small to medium sized power generation facilities and energy infrastructure assets primarily in California, Texas, Mid-Atlantic, and the Northeastern U.S.

Additional information concerning MMC Energy is available at http://www.mmcenergy.com