LS Power's Arkansas Coal Project Picks Up Steam
LCG, August 4, 2006--Plum Point Energy Associates, LLC ("Plum Point") announced yesterday that it has signed a 200-MW, 30-year power purchase agreement (PPA) with South Mississippi Electric Power Association. Plum Point is a a member of the LS Power Group of St. Louis, Missouri.
The agreement provides South Mississippi Electric Power Association electricity from the Plum Point Project, a greenfield, coal-fired power project with a design capacity of 665 MW. Construction on the plant, located near Osceola, Arkansas, began in March of this year, and commercial operations are scheduled to commence in mid-2010. The agreement with South Mississippi Electric Power Association is subject to approval from the Rural Utility Service.
According to Plum Point, approximately 80 percent of the project has now been sold under long-term contract or through tenancy in common interests. Other customers participating in the project are East Texas Electric Cooperative, Inc., the Missouri Joint Municipal Electric Utility Commission, The Empire District Electric Company, and the Municipal Energy Agency of Mississippi.
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