Magnolia Combined Cycle Gas plantis located in Mississippi. TVA is buying the 968-megawatt plant from Kelson Energy.
Contributed PhotoGas-Powered ElectricityIn the past four years, TVA has bought, leased or built four gas-powered plants and could buy another gas generating plant next month.• TVA signed a long-term lease in 2007 for the Caledonia combined-cycle gas plant near Columbus, Miss., which generates 813 megawatts of power• TVA bought the 810-megawatt Southaven Combined-Cycle Combustion Turbine Plant in DeSoto County, Miss., in 2008. Seven States Power Corp., a Chattanooga-based cooperative of TVA distributors, owns 90 percent of the plant leased back to TVA.• TVA built the 550-megawatt Lagoon Creek gas plant in Haywood County in West Tennessee last year and dedicated the new generating facility in June.• TVA is building a new gas-fired combined cycle plant at the John Sevier Fossil Plant near Rogersville, Tenn. That plant will generate 880 megawatts of electricity.• TVA plans to buy the 968-megawatt Magnolia combined cycle gas plant near Ashland, Miss., at the end of August.Source: Tennessee Valley Authority
TVA may compete against natural gas suppliers for home heating in the Tennessee Valley, but for its own power TVA increasingly is turning to gas to generate its electricity.
The Tennessee Valley Authority announced an agreement Thursday to buy its biggest natural gas power plant.
TVA wants to acquire the 968-megawatt Magnolia combined-cycle gas-fired plant near Ashland, Miss., which TVA now purchases power from on the open market from the plant’s current owner, Kelson Limited Partnership, a subsidiary of Kelson Energy.
TVA declined to reveal the purchase price in advance of a board vote next month.