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EPA Approves Plan to Retire Coal-fired Unit in Arizona

LCG, July 30, 2014-The Environmental Protection Agency (EPA) approved on Monday a plan to retire a coal-fired unit at the Navajo Generating Station in 2019. The 750-MW unit is one of three units at the 2,250-MW electric generating station. The station is located on the Navajo Indian Reservation near Page, Arizona, approximately 20 miles from the Grand Canyon.

FGE Power Reaches Agreement to Finance and Construct 1,500-MW Natural Gas Project in Texas

LCG, July 23, 2014-FGE Power, LLC yesterday announced an agreement to partner with an affiliate of Starwood Energy Group Global LLC to finance and build two, 747-MW combined-cycle gas turbine facilities in Mitchell County, Texas. Phase I of the project, FGE Texas I, is planned to commence construction this fall and achieve commercial operations no later than early 2017. Phase II, FGE Texas II, will add an identical 747-MW power block, with construction to start in early 2015 and reach commercial operations by the summer of 2017. The FGE Texas Project (FGE Texas I and FGE Texas II) represents over $1.2 billion of direct investment.

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