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Entergy Gulf States La. to buy power stations

4 years 11 months 1 week ago Tuesday, December 09 2014 Dec 9, 2014 December 09, 2014 8:46 AM December 09, 2014 in News
Source: Associated Press
By: APNewsNow

BATON ROUGE - Entergy companies have agreed to buy Union Power Station for about $948 million. Union is located near El Dorado, Arkansas, near the Louisiana border.

Entergy Gulf States Louisiana LLC says in a news release Tuesday that the move will help meet the energy needs of Louisiana residents while keeping down costs.

Union's natural gas generators can put out up to 1,980 megawatts. It entered commercial service in 2003.

Entergy Texas Inc. and Entergy Arkansas Inc. have each agreed to buy one unit and Entergy Gulf States Louisiana is buying the other two.

Entergy says the purchase price is about half the cost of building a comparable new plant.

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