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More Gas-Fired Generation Slated for TX

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 marketplace.

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