Cleveland County, NC – Tuesday, July 24th at the County Commissioners’ meeting, incentives were approved for the possible development of a Southern Power electric generating plant. The building of the plant will be determined if and when wholesale electricity contracts are obtained by the company. They would be developed in several phases.
The plant site has the potential to accommodate multiple natural gas units with a combined capacity of 1800 megawatts. The type of wholesale contracts obtained will also govern the order and type of units constructed.
Southern Power owns approximately 200 acres in the southern part of Cleveland County, near the South Carolina state line, where the potential plant would be developed. Long term investment for the county could range anywhere between $120 - $900 million.
Southern Power -- a subsidiary of Southern Company -- acquires, builds, manages and owns generation assets that have been constructed for the wholesale market. Southern Power is the largest wholesale energy provider in the Southeast, meeting the electricity needs of municipalities, electric cooperatives and investor-owned utilities in one of the fastest growing regions of the country. Southern Power currently owns and operates more than 6,700 megawatts of generation assets in Alabama,
Georgia, Florida, and North Carolina.
For more information regarding Southern Power, contact Mike Tyndall at 1-800-506-5333 or visit their website at www.southernco.com.
