Extended steam agreement with Dayton Tire

Smith Cogeneration, of Oklahoma City has signed an agreement with Dayton Tire Company. The accord provides a seven-year extension of their agreement to provide low-cost steam as a byproduct of their electric power, cogeneration plant. The PowerSmith cogeneration power plant began service in 1989 supplying
low-cost steam to Bridgestone at a time when the tire plant was scheduled to be shutdown due to high costs. After the closure announcement, PowerSmith offered to provide low-cost steam by building a cogeneration
plant adjacent to the tyre plant. The plant would generate 110 MW of electric power and produce 80,000 lbs of steam per hour to be used in Firestone’s tyre making facility. Today the plant produces some 44,000 tyres per day and is one of the most efficient in the US.