Dive Summary:
- Southern Power, a subunit of Southern Company, is planning to build its first gas-fired power plant outside its traditional territory in the U.S. southeast, the company announced Friday.
- The 470-megawatt (MW) natural gas-fired, combined-cycle power plant will be built in Trinidad, Texas and marks a step in Southern Company’s bigger plan to develop generation capacity outside its traditional territory.
- Southern Power will start construction in March 2015, go online in June 2017 and is seeking long-term power purchase agreements to minimize the impact of fuel price fluctuations.
From the article:
“Southern Power's first forays outside the Southeast involved several utility-scale solar projects -- most of them in the Southwest -- and a 100-MW biomass plant in Nacogdoches, Texas, that it bought from American Renewables.”