Entergy subsidiaries, Entergy Arkansas, Entergy Gulf States Louisiana, and Entergy Texas have signed an agreement to acquire the Union Power Station, a highly efficient, natural gas-fired 1,980-MW generating facility. The station is owned by Union Power Partners, an independent power producer, and wholly owned by Entegra TC. The Union Power Station, which entered commercial service in 2003, consists of four combined-cycle gas-fired generating units, or CCGTs, each rated at 495 MW. Under the asset purchase agreement, Entergy Arkansas and Entergy Texas have each agreed to acquire one unit and Entergy Gulf States Louisiana has agreed to acquire two units. Entergy New Orleans will receive 20 percent of the output from the Entergy Gulf States Louisiana units via an at-cost PPA, subject to city council of New Orleans approval. The plant purchase price is $948 million, subject to adjustments.
