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AEP Sells Four Inactive Plant Sites In Texas
Columbus OH (SPX) Feb 25, 2008 American Electric Power has sold four inactive generating plants owned by its AEP Texas North Generation Company subsidiary to Eagle Construction and Environmental Services, LP. The plants, which have not operated since 2004 or earlier, had a total generating capacity of 656 megawatts and had produced electricity from natural gas or oil. Terms of the transaction were not disclosed. Plants included in the transaction were: - Fort Phantom, Abilene, Texas - 362 megawatts, approximately 164 acres; - Lake Pauline, near Quanah, Texas - 35 megawatts, approximately 1,237 acres; - San Angelo, San Angelo, Texas - 123 megawatts, approximately 96 acres; - Rio Pecos, near Girvin, Texas - 136 megawatts, approximately 242 acres. In August, 2007, AEP announced its intent to sell the four inactive plants. The transaction eliminates annual on-going costs incurred by AEP from continued ownership of the properties. A fifth inactive generating plant -- the 85-megawatt Oak Creek plant on 113 acres near Blackwater, Texas -- was conveyed to the City of Sweetwater under terms related to a settlement agreement executed by the parties in 2005. Oak Creek has not operated since 2002. Community Email This Article Comment On This Article Related Links
Climate Change And Energy Are Converging Into New Era Of Clean Energy
Boston MA (SPX) Feb 25, 2008"High energy prices, climate change and energy security are converging as the new engine driving the development of clean energy," Daniel Yergin, chairman of Cambridge Energy Research Associates (CERA) and executive vice president, IHS Inc., said today in Washington, D.C. "There is a major shift in public opinion towards clean energy, which is being bolstered by the growing conviction that new carbon policies will reshape the competitive landscape of the global energy business." |
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