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Politics : Rat's Nest - Chronicles of Collapse

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To: Wharf Rat who wrote (9607)	10/10/2009 10:01:15 AM
From: Wharf Rat	Read Replies (1) of 24211

Southern Co. Plans to Build Biomass Plant in Texas By Katarzyna Klimasinska Oct. 9 (Bloomberg) -- Southern Co., the largest U.S. electricity producer, plans to build a 100-megawatt biomass power plant in Sacul, Texas, after it bought the project’s owner, Nacogdoches Power LLC, from American Renewables LLC. The station, which will be fueled by wood waste, will cost about $475 million to $500 million, Atlanta-based Southern said in a statement today. The plant’s power will be sold to Austin Energy under an agreement expiring in 2032. The purchase price for Nacogdoches wasn’t disclosed. Construction is expected to start this year and finish in 2012, according to the statement. Southern rose 2 cents to $31.84 in composite trading on the New York Stock Exchange. The stock has dropped 14 percent this year. bloomberg.com

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