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06 Jun 2024

Entergy Texas Proposes Natural Gas Power Plants as Electricity Need Surges

06 Jun 2024  by reuters   
Entergy Texas plans to build two new natural gas power plants, as it confronts burgeoning electricity demand in the southern state, the company said.

If approved by the state's utility regulator, the plants would come online by 2028, Entergy (ETI_p.N), opens new tab said on Tuesday.

The first plant, named Legend and costing $1.46 billion, would produce 754 megawatts (MW) in Port Arthur, Texas. It will be equipped with technology to capture carbon emissions and a combustion turbine able to run on hydrogen.

The second plant near Cleveland, Texas, called Lone Star, would produce 453 MW and also include a hydrogen-capable combustion turbine. It would cost $753 million.

A resilient grid is key for Sempra Infrastructure's (SRE.N), opens new tab Port Arthur LNG project, its CEO, Justin Bird said, adding that it is pleased to see Entergy's proposals.

The Public Utility Commission of Texas will consider Entergy's applications in the coming months, the company said.

The proposals come as Entergy faces the need to add 40% more power-generation capacity to its grid in four years.

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