TVA to buy Mississippi gas plant

Sponsored by

The Tennessee Valley Authority (TVA) completed a lease-purchase transaction Friday that provides $400 million in financing to buy a natural gas-fired power plant in Desoto County, Mississippi.

The transaction will give TVA sole ownership of the 774 MW Southaven Combined Cycle Plant, which the utility has operated under joint ownership with Seven States Power Corp. since 2008.

TVA will lease a 90 percent interested in the plant to Southaven Combined Cycle Generation LLC for $400 million. Under the lease agreement, TVA will operate the plant for 20 years, will be responsible for all maintenance and fuel for the plant and will receive all power generated from the plant, according to Power Engineering.

TVA operates 11 combined cycle natural gas fired units at five sites, including three units at Southaven. The TVA has built, leased or acquired all 11 unites since 2007.

Sponsored by

CURRENT ARTICLES

Utilities, trade groups, politicians react to final form of Clean Power Plan

08/03/2015

The emissions cuts are estimated to cost $8.4 billion annually by 2030 

Who wins and loses under Obama's stricter power plant limits

08/03/2015

Power plants will have to attain an even lower level of carbon dioxide pollution to be in compliance

Final EPA Clean Power Plan seeks 32 percent CO2 cut by 2030

08/03/2015

Compliance averaging period begins in 2022 instead of 2020

Clean Power Plan requires deeper power plant emissions cuts over more time

08/03/2015

Opponents plan to sue immediately, and to ask the courts to block the rule temporarily

White House fact sheet on finalized Clean Power Plan

08/03/2015

The final Clean Power Plan sets standards to reduce carbon dioxide emissions by 32 percent  

New York to give low-cost electricity to Amazon, Bausch & Lomb

07/31/2015

The companies announced Thursday have promised to retain more than 1,600 jobs and create more than 730 new ones 

VIDEO: Wind power research now focuses on cheaper, lighter

07/31/2015

Lightweight materials are seeing greater adoption in wind turbine manufacturing as evidenced by patent trends 

FEATURED ENERGY JOBS
View more Job Listings >>

INDUSTRY STOCKS

ON DEMAND WEBCASTS

Solar + Storage: Capturing Opportunities and Overcoming Challenges

The convergence of solar and energy storage applications is under way. The combined application o...

Storage Enters the Global Stage: What’s the value proposition for your region?

For electricity storage, the events of the last two years have shown that the skepticism around t...

How to deploy mobile forms + devices to speed up field service processes & reporting

Overcoming the pain points associated with any process is much simpler and more cost effective th...

Beyond Integration: Three Dynamics Reshaping Renewables and the Grid

In a unique industry research initiative, DNV GL gathered views from over 1,600 energy sector par...

Engaging the Small and Mid-sized Business (SMB) Marketplace

This session will outline how Duke Energy leveraged Voice of Customer insights, previous experien...

EL&P BUYER'S GUIDE PRODUCTS

Decontamination & Decommissioning

Decommissioning strategy development, cost estimates, plant modifications; system and building decontamination; RV segmentation; large component re...

Cavitation Peening

AREVA developed its innovative solution for asset management, significantly extending the life of reactor components. Cavitation Peening is a perma...

Nuclear Horizontal Modular Storage (NUHOMS®)

AREVA TN’s NRC-licensed NUHOMS® system ensures the highest safety and lowest dose performance. With no tipping, tripping and sliding, you have the...

ATRIUM™ 11 for BWR Fuel

ATRIUM™ 11 design fuel – in operation since 2012 – provides significantly lower fuel rod power levels for power uprate margins, operational flexib...

POWERGRID PRODUCT LISTINGS

EtherMate® Industrial Ethernet - IO Modules

LioN-M ProfiNet device with 16 digital I/O channels, channels can be used universally as inputs or outputs, M12 socket, ro...

OFL280 FlexTester - Handheld OTDR

AFL's OFL280 FlexTester offers an unmatched combination of fiber test functions, ease-of-use, portability, and value.

ADSS Mini-Span® Fiber Optic Cable

AFL Mini-Span® All-Dielectric Self-Supporting (ADSS) cable is designed for outside plant aerial and duct applications in l...

TRM® 2.0 - Test Results Manager PC Analysis and Reporting

Test Results Manager 2.0 (TRM® 2.0) is an all-in-one analysis, viewer and reporting tool designed for use with NOYES fiber...

POWERGRID International

May 2015
Volume 20, Issue 5
1505pg_C1

ELECTRIC LIGHT & POWER

April 2015
Volume 93, Issue 2
1503ELP_C1