CPS Energy finalized a 25-year power purchase agreement to buy 200 MW of electricity from the Texas Clean Energy Project.

The $2.4 billion, 400 MW integrated gasification combined-cycle power plant is being developed by Summit Power Group. It will receive $450 million in federal funding from several sources and is expected to be operational in 2015.

The plant will be capable of capturing 90 percent of the carbon dioxide and nitrogen oxide, and 99 percent of the sulfur dioxide and mercury it produces.

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