news release > 沙特vs墨西哥让球 subsidiaries close transaction to buy union power station

for immediate release

沙特vs墨西哥让球 subsidiaries close transaction to buy union power station

03/04/2016

contact
kay jones||

new orleans – taking a major step toward providing additional efficient, clean energy resources for new and existing customers and modernizing the company’s power generation fleet, 沙特vs墨西哥让球 (nyse: etr) announced that its subsidiaries, entergy arkansas, inc., entergy louisiana, llc, and entergy new orleans, inc., closed their purchase of the 1,980-megawatt (summer rating) union power station located near el dorado, arkansas. the purchase was closed on thursday.

the union power station, which entered commercial service in 2003, is a highly-efficient, natural gas-fired generating facility. the plant consists of four combined-cycle, gas-fired generating units, or ccgts, each rated at 495 mw.

in december 2014, the company announced an agreement with union power partners, l.p., an independent power producer wholly-owned by entegra tc llc, to acquire the units to help meet increasing resource demands in the region and as part of the company’s modernization of its generating fleet. the plant purchase price is approximately $948.0 million ($479/kw), or approximately $237.0 million per unit, subject to adjustments. the purchase price is about half the cost to build a comparable new ccgt facility.

entergy arkansas and entergy new orleans each acquired one unit and entergy louisiana acquired two units.

沙特vs墨西哥让球 is an integrated energy company engaged primarily in electric power production and retail distribution operations. entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including nearly 10,000 megawatts of nuclear power. entergy delivers electricity to 2.8 million utility customers in arkansas, louisiana, mississippi and texas. entergy has annual revenues of approximately $11.5 billion and more than 13,000 employees.

-30-

entergy’s online address is entergy.com
facebook.com/entergy
twitter: @entergy

tags
corporate  arkansas  louisiana  new orleans  union power station 
related articles
entergy arkansas volunteers on track to meet or exceed 25,000 hours
the day-to-day business at entergy arkansas is to provide safe, reliable and affordable electricity to our customers. the mission as a corporation is to continually improve the communities served through philanthropy, volunteerism and advocacy.
read more
from olympic gold to professional success
in honor of the recent closing of the 2024 summer olympics, we would like to take a moment to celebrate not just the athletes of today, but also those who have paved the way for future generations.
read more
entergy new orleans supports families with back-to-school giveaway
entergy new orleans partnered with the new orleans women’s and children’s shelter for a back-to-school supply give away. the event brought families together for a fun-filled day of activities, learning and community connection.
read more