In their search for reliable, flexible, low-cost sources of power, investor-owned utilities, municipal utilities and rural cooperatives have varying pressures and selection factors but many of them choose the same technology solution: reciprocating engines.
The company said its new system is one of the few in the nation capable of serving paying customer loads on a utility distribution feeder.
The utility fired the 495-MW combined-cycle power plant at the Grand River Energy Center in Oklahoma on the first attempt.
The announcement also noted the company will end the Palisades’ power purchase agreement with CMS Energy in 2018.
Following completion of the transaction, IPL will add Franklin County to its fleet of generating facilities.
The affected units are Newton unit 2, which shut down on Sept. 15, and Baldwin unit 3, which shut down October 17.
The plant would serve 434,000 Entergy customers in 27 southeastern Texas counties primarily to the north and east of Houston.
Dynegy Inc. has reached a tentative agreement with Illinois Power Generating Company and a group of Genco bondholders to restructure $825 million of debt at Genco.
The projects include 270 MW in Minnesota and 200 MW in North Dakota.