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Researched by Industrial Info Resources (Sugar Land, Texas)--Entergy Corporation's (NYSE:ETR) (New Orleans, Louisiana) expansion of its natural gas-fired, combined-cycle (NGCC) power plant fleet is well underway, even as the company continues to divest its nuclear power plants as part of its exit from the merchant power market, company executives said Wednesday.
Industrial Info is tracking $7.25 billion in power generation, transmission and distribution project activity by Entergy.
Click on the image at right for a graph showing Entergy project activity by state.
On February 15, Entergy officials broke ground on the Montgomery County Power Station project in Willis, Texas. Located next to the existing Lewis Creek Power Plant, the new power station will generate 993 megawatts (MW) when it comes online in mid-2021. McDermott International Incorporated (NYSE: MDR) (Houston, Texas) is providing engineering, procurement, construction and commissioning (EPCC) for the project, which has a total investment value of $937 million. For more information, see Industrial Info's project report. For related information, see October 1, 2018, article - Entergy OKs Construction of NGCC Power Plant in Texas.
"Our new-build CCGT [combined-cycle gas turbine] projects remain on budget and on schedule, with the St. John power station slated to be in service in the year 2019," said Chief Executive Officer Leo Denault during the company's fourth-quarter earnings conference call with industry analysts on Wednesday.
The 980-MW Saint Charles combined-cycle addition near Montz, Louisiana, began construction in the summer of 2016, with Chicago Bridge & Iron Company (NYSE:CBI) (CB&I) (The Hague, Netherlands) performing engineering, procurement and construction (EPC). The project has an estimated total investment value (TIV) of $1 billion and is expected go into service by mid-2019. For more information, see Industrial Info's project report.
Entergy also has received regulatory approval from the Louisiana Public Service Commission for the $261 million acquisition of the planned 361-MW Washington Parish Energy Center. The Washington Parish Energy Center will be constructed west of Bogalusa on the site of a generation project that Calpine Corporation (Houston) put on permanent hold in 2006. Construction is expected to kick off this year, with completion in mid-2021. For more information, see Industrial Info's project report.
More recently, Denault said, the company entered an agreement to acquire the Choctaw Generating Station in Mississippi for $314 million. The 810-MW combined-cycle unit is owned by a subsidiary of GenOn Energy Incorporated (Houston). The transaction is expected to close by the end of 2019.
Denault also noted progress on Entergy's exit from the merchant energy market and the divestment and decommissioning of its nuclear power plants. A milestone was reached in January, when Entergy completed the sale of its Vermont Yankee Nuclear Power Station to subsidiaries of NorthStar Group Services (New York, New York), which will decommission the power station. The Vermont Yankee, a single-unit, boiling water reactor located in Vernon, Vermont, began commercial operations in 1972. Entergy acquired the plant from Vermont Yankee Nuclear Power Corporation in 2002. The plant permanently ceased operations on December 29, 2014. For more information on its decommissioning and dismantlement, see Industrial Info's project report.
Entergy also is making progress on the sale of its Pilgrim nuclear power station in Plymouth, Massachusetts, to a subsidiary of Holtec International (Camden, New Jersey). Holtec has submitted its post-shutdown decommissioning report to the Nuclear Regulatory Commission, and Entergy submitted a license transfer application, Denault said. He added, "We will shut down Pilgrim no later than May 31, and we expect to close on the sale of that plant by the end of the year."
Entergy agreed in 2018 to sell both the Pilgrim facility and the Palisades Power Plant in Covert, Michigan, after their shutdowns and reactor defuelings, to a Holtec subsidiary for accelerated decommissioning. For more information, see Industrial Info's project reports on the decommissioning and dismantlement of the Pilgrim and Palisades units.
"We also made progress in adding renewable generation to our portfolio," Denault said. "We have approximately 1,000 megawatts in renewable in various stages of development."
Entergy owns and operates power plants with approximately 30,000 MW of capacity. It delivers electricity to utility customers in Arkansas, Louisiana, Mississippi and Texas.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Industrial Info is tracking $7.25 billion in power generation, transmission and distribution project activity by Entergy.
On February 15, Entergy officials broke ground on the Montgomery County Power Station project in Willis, Texas. Located next to the existing Lewis Creek Power Plant, the new power station will generate 993 megawatts (MW) when it comes online in mid-2021. McDermott International Incorporated (NYSE: MDR) (Houston, Texas) is providing engineering, procurement, construction and commissioning (EPCC) for the project, which has a total investment value of $937 million. For more information, see Industrial Info's project report. For related information, see October 1, 2018, article - Entergy OKs Construction of NGCC Power Plant in Texas.
"Our new-build CCGT [combined-cycle gas turbine] projects remain on budget and on schedule, with the St. John power station slated to be in service in the year 2019," said Chief Executive Officer Leo Denault during the company's fourth-quarter earnings conference call with industry analysts on Wednesday.
The 980-MW Saint Charles combined-cycle addition near Montz, Louisiana, began construction in the summer of 2016, with Chicago Bridge & Iron Company (NYSE:CBI) (CB&I) (The Hague, Netherlands) performing engineering, procurement and construction (EPC). The project has an estimated total investment value (TIV) of $1 billion and is expected go into service by mid-2019. For more information, see Industrial Info's project report.
Entergy also has received regulatory approval from the Louisiana Public Service Commission for the $261 million acquisition of the planned 361-MW Washington Parish Energy Center. The Washington Parish Energy Center will be constructed west of Bogalusa on the site of a generation project that Calpine Corporation (Houston) put on permanent hold in 2006. Construction is expected to kick off this year, with completion in mid-2021. For more information, see Industrial Info's project report.
More recently, Denault said, the company entered an agreement to acquire the Choctaw Generating Station in Mississippi for $314 million. The 810-MW combined-cycle unit is owned by a subsidiary of GenOn Energy Incorporated (Houston). The transaction is expected to close by the end of 2019.
Denault also noted progress on Entergy's exit from the merchant energy market and the divestment and decommissioning of its nuclear power plants. A milestone was reached in January, when Entergy completed the sale of its Vermont Yankee Nuclear Power Station to subsidiaries of NorthStar Group Services (New York, New York), which will decommission the power station. The Vermont Yankee, a single-unit, boiling water reactor located in Vernon, Vermont, began commercial operations in 1972. Entergy acquired the plant from Vermont Yankee Nuclear Power Corporation in 2002. The plant permanently ceased operations on December 29, 2014. For more information on its decommissioning and dismantlement, see Industrial Info's project report.
Entergy also is making progress on the sale of its Pilgrim nuclear power station in Plymouth, Massachusetts, to a subsidiary of Holtec International (Camden, New Jersey). Holtec has submitted its post-shutdown decommissioning report to the Nuclear Regulatory Commission, and Entergy submitted a license transfer application, Denault said. He added, "We will shut down Pilgrim no later than May 31, and we expect to close on the sale of that plant by the end of the year."
Entergy agreed in 2018 to sell both the Pilgrim facility and the Palisades Power Plant in Covert, Michigan, after their shutdowns and reactor defuelings, to a Holtec subsidiary for accelerated decommissioning. For more information, see Industrial Info's project reports on the decommissioning and dismantlement of the Pilgrim and Palisades units.
"We also made progress in adding renewable generation to our portfolio," Denault said. "We have approximately 1,000 megawatts in renewable in various stages of development."
Entergy owns and operates power plants with approximately 30,000 MW of capacity. It delivers electricity to utility customers in Arkansas, Louisiana, Mississippi and Texas.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
