More Gas-Fired Generation Slated for TX
Florida-based FPL Energy Inc. said it will build, own and
operate a 1,000 MW, gas-fired power plant in Paris, TX, that will
be one of the largest independent generation projects in the state.
Electricity generated at the site, about 100 miles northeast of
Dallas, will be sold primarily in the Texas wholesale market. Three
firms, Texas Utilities Electric Co., Texas-New Mexico Power, and
Constellation Power Source, have contracts to buy 700 MW of the
plant's output for various periods. Construction of the
combined-cycle plant is to begin immediately. Commercial operation
is scheduled for mid-2000. The maximum daily quantity of gas that
would consumed by the plant is 170,000 Dth/d.
FPL Energy, a subsidiary of FPL Group Inc., purchased the right
to build the plant from Dallas-based Panda Energy International,
which has obtained permitting and completed all development work to
date. Panda will retain an ownership interest in the project.
"FPL Energy now has 1,900 MW in operation and almost 1,400 MW
announced as under construction or development," said FPL Energy
President Michael Yackira. He said Texas is an attractive area for
investment because demand for electricity is growing and state
regulators are encouraging development of a robust wholesale
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