{"id":388143,"date":"2020-11-24T16:33:34","date_gmt":"2020-11-24T21:33:34","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=388143"},"modified":"2020-11-24T16:33:34","modified_gmt":"2020-11-24T21:33:34","slug":"entergy-louisiana-acquires-washington-parish-energy-center","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/entergy-louisiana-acquires-washington-parish-energy-center\/","title":{"rendered":"Entergy Louisiana Acquires Washington Parish Energy Center"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">361 MW plant will add a reliable source of power to meet customers&#8217; needs<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">BATON ROUGE, La.<\/span>, <span class=\"xn-chron\">Nov. 24, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Entergy Louisiana, LLC has completed the purchase of the Washington Parish Energy Center, an approximately 361-megawatt facility that will deliver a modern, cost-effective, low-carbon and reliable source of power to the company&#8217;s grid.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/74081\/entergy_corporation_logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/74081\/entergy_corporation_logo.jpg\" title=\"Entergy Corporation Logo. (PRNewsfoto\/Entergy Corporation)\" alt=\"Entergy Corporation Logo. (PRNewsfoto\/Entergy Corporation)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Constructed by a subsidiary of Calpine Corporation, the natural gas-powered plant is located near <span class=\"xn-location\">Bogalusa<\/span> and will operate as a peaking facility.<\/p>\n<p>&#8220;We continue to seek opportunities to add to our clean-energy portfolio, and the Washington Parish Energy Center is another step in us meeting those goals,&#8221; said <span class=\"xn-person\">Phillip May<\/span>, Entergy Louisiana president and CEO. &#8220;The plant also helps ensure we continue to deliver reliable power to our customers at some of the lowest rates in the country.&#8221;<\/p>\n<p>On <span class=\"xn-chron\">April 21, 2017<\/span>, Entergy Louisiana and Calpine signed a plant purchase and sale agreement, which was unanimously approved by the Louisiana Public Service Commission. The total cost of the plant is approximately <span class=\"xn-money\">$261 million<\/span>.\u00a0 \u00a0<\/p>\n<p>The unit will provide Entergy Louisiana with needed peaking and reserve generating capacity. The company currently depends upon older, less efficient natural gas-powered plants to help meet peak demand, but start-up times make them less effective as peaking resources. Modern combustion turbines like the two in <span class=\"xn-location\">Washington Parish<\/span> are specifically designed to start and ramp up quickly to meet customers&#8217; immediate energy needs.<\/p>\n<p>&#8220;We extend our thanks to Entergy Louisiana for being a valued partner during the development and construction of this facility,&#8221; said <span class=\"xn-person\">Caleb Stephenson<\/span>, Calpine executive vice president and co-head, commercial operations. &#8220;This project demonstrates Calpine&#8217;s commitment to develop and deliver commercial solutions for our utility customers, and we look forward to working with Entergy again.&#8221;<\/p>\n<p>Entergy Louisiana, LLC provides electric service to more than 1 million customers and natural gas service to more than 93,000 customers in the greater <span class=\"xn-location\">Baton Rouge<\/span> area. It has operations in southern, central and northern <span class=\"xn-location\">Louisiana<\/span>. It is a subsidiary of Entergy Corporation, an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including 8,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in <span class=\"xn-location\">Arkansas<\/span>, <span class=\"xn-location\">Louisiana<\/span>, <span class=\"xn-location\">Mississippi<\/span> and <span class=\"xn-location\">Texas<\/span>. Entergy has annual revenues of <span class=\"xn-money\">$11 billion<\/span> and approximately 13,600 employees.<\/p>\n<p class=\"prntac\">\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2992752-1&amp;h=2836815292&amp;u=http%3A%2F%2Fwww.entergylouisiana.com%2F&amp;a=entergylouisiana.com\" rel=\"nofollow noopener noreferrer\">entergylouisiana.com<\/a>\u00a0<br \/><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2992752-1&amp;h=619680570&amp;u=http%3A%2F%2Fwww.facebook.com%2FEntergyLA&amp;a=facebook.com%2FEntergyLA\" rel=\"nofollow noopener noreferrer\">facebook.com\/EntergyLA<\/a>\u00a0<br \/>Twitter: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2992752-1&amp;h=26947215&amp;u=https%3A%2F%2Ftwitter.com%2FEntergyLA&amp;a=%40EntergyLA\" rel=\"nofollow noopener noreferrer\">@EntergyLA<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA03068&amp;sd=2020-11-24\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/entergy-louisiana-acquires-washington-parish-energy-center-301180110.html\">http:\/\/www.prnewswire.com\/news-releases\/entergy-louisiana-acquires-washington-parish-energy-center-301180110.html<\/a><\/p>\n<p>SOURCE  Entergy Corporation<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA03068&amp;Transmission_Id=202011241630PR_NEWS_USPR_____DA03068&amp;DateId=20201124\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>361 MW plant will add a reliable source of power to meet customers&#8217; needs PR Newswire BATON ROUGE, La., Nov. 24, 2020 \/PRNewswire\/ &#8212;\u00a0Entergy Louisiana, LLC has completed the purchase of the Washington Parish Energy Center, an approximately 361-megawatt facility that will deliver a modern, cost-effective, low-carbon and reliable source of power to the company&#8217;s grid. Constructed by a subsidiary of Calpine Corporation, the natural gas-powered plant is located near Bogalusa and will operate as a peaking facility. &#8220;We continue to seek opportunities to add to our clean-energy portfolio, and the Washington Parish Energy Center is another step in us meeting those goals,&#8221; said Phillip May, Entergy Louisiana president and CEO. &#8220;The plant also helps ensure we continue to deliver &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/entergy-louisiana-acquires-washington-parish-energy-center\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Entergy Louisiana Acquires Washington Parish Energy Center&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-388143","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Entergy Louisiana Acquires Washington Parish Energy Center - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/entergy-louisiana-acquires-washington-parish-energy-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Entergy Louisiana Acquires Washington Parish Energy Center - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"361 MW plant will add a reliable source of power to meet customers&#8217; needs PR Newswire BATON ROUGE, La., Nov. 24, 2020 \/PRNewswire\/ &#8212;\u00a0Entergy Louisiana, LLC has completed the purchase of the Washington Parish Energy Center, an approximately 361-megawatt facility that will deliver a modern, cost-effective, low-carbon and reliable source of power to the company&#8217;s grid. Constructed by a subsidiary of Calpine Corporation, the natural gas-powered plant is located near Bogalusa and will operate as a peaking facility. &#8220;We continue to seek opportunities to add to our clean-energy portfolio, and the Washington Parish Energy Center is another step in us meeting those goals,&#8221; said Phillip May, Entergy Louisiana president and CEO. &#8220;The plant also helps ensure we continue to deliver &hellip; Continue reading &quot;Entergy Louisiana Acquires Washington Parish Energy Center&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/entergy-louisiana-acquires-washington-parish-energy-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-24T21:33:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/74081\/entergy_corporation_logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/entergy-louisiana-acquires-washington-parish-energy-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/entergy-louisiana-acquires-washington-parish-energy-center\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Entergy Louisiana Acquires Washington Parish Energy Center\",\"datePublished\":\"2020-11-24T21:33:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/entergy-louisiana-acquires-washington-parish-energy-center\\\/\"},\"wordCount\":407,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/entergy-louisiana-acquires-washington-parish-energy-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/74081\\\/entergy_corporation_logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/entergy-louisiana-acquires-washington-parish-energy-center\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/entergy-louisiana-acquires-washington-parish-energy-center\\\/\",\"name\":\"Entergy Louisiana Acquires Washington Parish Energy Center - 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