Natural gas-fired power plant buy completed by TVA

The Tennessee Valley Authority (TVA, NYSE: TVC) completed its purchase of the 968 MW Magnolia Combined Cycle Gas Plant in Mississippi for $436 million, or $450/kW.

The Federal Energy Regulatory Commission (FERC) approved the sale August 17 between TVA and Kelson Limited Partnership. The plant is connected to a 500 kV transmission line and has provided power to TVA occasionally since 2003.

The purchase is part of TVA¹s plan to obtain more generating sources to meet expected demand without increasing emissions.

Read more combined-cycle news

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

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

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...