CPS Energy Cuts Risks with Gas Power, Renewables and Efficiency Programs

SUGAR LAND--January 21, 2014--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--A 200-megawatt (MW) power purchase agreement (PPA) between CPS Energy (San Antonio, Texas) and the Summit Power Group (Seattle, Washington), the developers of an integrated gasification combined-cycle (IGCC) generator near Odessa, Texas, expired at the end of 2013 after the project failed to reach its contracted milestones. The low-carbon generation from the proposed power plant would have fit nicely into CPS Energy's generation strategy. But the energy landscape has changed significantly since then, and CPS Energy has been able to find other sources of low- or no-carbon generation.