South Texas co-op eyes two new members, building coal plant
Philadelphia (Platts)--12Apr2005
The South Texas Electric Cooperative may add two new members within the next several days, and is in the early stages of planning a 550-MW coal plant at a yet-to-be-determined site, the six-member co-op group's general manager said Tuesday. Michael Packard said that under a recently signed memorandum of understanding, the Hondo-based Medina Electric Cooperative and the Mercedes-based Magic Valley Electric Cooperative will vote on Apr 16 and Apr l8 respectively on whether to join STEC and gradually turn over control of their generation and transmission assets to the co-op. The addition of the Medina and Magic Valley co-ops would roughly double the number of customers served by STEC's members and make it feasible for the group to co-develop a large coal plant, Packard said. STEC and its current and prospective members are developing a timeline for the development of the new coal plant, and expect to have that timeline in place by early 2006, Packard said. The plant is likely to begin commercial operations between 2010 and 2012, he said. This story was originally published in Platts Electricity Alert http://www.electricityalert.platts.com
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