Entergy Corp. buys 1,980 MW natural gas power plant

Union Power Station PEPWR

Entergy Corp. said its units, Entergy Arkansas Inc., Entergy Louisiana and Entergy New Orleans, closed their purchase of the 1,980 MW Union Power Station located near El Dorado, Arkansas. The purchase was closed on Thursday.

The Union Power Station, which entered commercial service in 2003, is a natural gas-fired generating facility. The power plant consists of four combined-cycle, gas-fired generating units, or CCGTs, each rated at 495 MW.

In December 2014, the company announced an agreement with Union Power Partners, L.P., an independent power producer owned by Entegra TC, to buy the units to help meet increasing resource demands in the region and as part of the company’s modernization of its generating fleet. The plant purchase price is about $948.0 million ($479/kW), or about $237.0 million per unit, subject to adjustments. The purchase price is about half the cost to build a comparable new CCGT facility.

Entergy Corp. is an integrated energy company engaged primarily in electric power production and retail distribution operations.

Entergy owns and operates power plants with about 30,000 MW of electric generating capacity, including nearly 10,000 MW of nuclear power. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of about $11.5 billion and more than 13,000 employees.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs