The new plants will be in Ohio, Arkansas, Arizona and two in Georgia. The company is also adding about 1,000 megawatts of capacity to its plant in Moss Landing, CA, giving that site 2,500 megawatts.
The additional power plants will cost from $2.25 billion to $3.15 billion, based on an estimated cost of $375,000 to $525,000 for each megawatt of capacity, according to the company's prepared statement. The Houston division builds plants that sell power wholesale to utilities, industrial users or trading and marketing companies.
The added capacity in California comes as the state battles power shortages caused by added demand and low hydroelectric supplies from Canada and the U.S. Northwest. Duke plans to build an additional 10 to 12 plants a year through 2003, bringing total output to 23,000 megawatts, the company states.
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