Georgia coal fired power plant developer restructures

Power4Georgians, a consortium of electric membership cooperatives sponsoring the 850 MW coal-fired Plant Washington power plant in Georgia, announced Monday they would be restructuring and would not hold an ownership stake in the plant, according to a report from the Atlanta Business Chronicle.

A spokesperson for Power4Georgians told the Business Chronicle the move was a planned restructuring and the cooperatives had never intended to be owners of the plant, but had always intended to be power purchasers.

Four cooperatives were left on the board as members of Power4Georgians after the largest participant, Cobb EMC, pulled out of the project early last year citing concerns about the future viability of coal-fired power generation, according to the Business Chronicle. Taylor Energy Fund LP agreed to finance design of the plant and other preconstruction activities and will remain an owner of the plant along with investors that have not yet been named.

A company spokesman said earlier this month the plant developers were rushing to begin construction in order to not be classified as a new project under the New Source Performance Standard, which was set to be finalized on April 13. The U.S. Environmental Protection Agency failed to meet the deadline for finalizing the rule, leaving uncertainty on what the standard will be and when it would be implemented.

Sponsored by FLSmidth

Related Articles

CPS Energy to buy power from “clean coal”

CPS Energy has announced it will purchase 200 MW of electricity from Summit Power Group’s Texas Clean Energy Project.

Coal News: Again, costs rise and completion delayed at Kemper

Southern Co. (NYSE: SO) said Thursday that it will cost at least another $59 million to finish the power plant it's building in eastern Mississippi's Kemper County, pushing the total cost above $5.6 billion

Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Power Industry Wire News

Synergy Resources Announces $125 Million Purchase Agreement for Wattenberg Field Assets and $230 Million in Committed Financing, Company to Host Conference Call Tomorrow, October 31st

Synergy Resources Announces $125 Million Purchase Agreement for Wattenberg Field Assets...

AXT, Inc. Announces $5 Million Stock Repurchase Program

AXT, Inc. Announces $5 Million Stock Repurchase Program

SAExploration Announces Third Quarter 2014 Earnings Release and Conference Call Schedule

SAExploration Announces Third Quarter 2014 Earnings Release and Conference Call Schedule

Midcoast Energy Partners, L.P. Declares Distribution Increase and Reports Earnings for Third Quarter 2014

Midcoast Energy Partners, L.P. Declares Distribution Increase and Reports Earnings for ...

Northern Power Systems Brings Advanced Hybrid Energy Technology to Asia

Northern Power Systems Brings Advanced Hybrid Energy Technology to Asia

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>


Power Engineering Newscasts

EPA chief: carbon caps will boost economy
Australia, Russia enter nuclear power agreement with Argentina
Largest battery energy storage in North America now operational
EPA chief: carbon caps will boost economy Largest battery energy storage in North America now operational Australia, Russia enter nuclear power agreement with Argentina Texas’ Panda Temple combined cycle plant up and running
Siemens agrees to acquire Dresser-Rand
Safety concrete poured at UAE nuclear reactor power project
Foster Wheeler to upgrade natural gas-fired power plant’s emission controls
GE, TransCanada partner on natural gas turbine design
Energy storage global market to grow to $15.6B by 2024; DOE awards $2M to support taller wind turbine towers; Hinkley Point C nuclear project have financial incentives approved; N.J. company building waste-to-energy project in Ireland