The new facility will be built on the grounds of the outdated San Fernando Valley Generating Station in Sun Valley. The original plant opened in 1954, when the area was little more than a collection of dirt roads, agricultural fields and a few new housing tracts.

When completed in 2004, officials at the Department of Water and Power say, the new plant will produce about 500 megawatts at day. That's enough to supply power to about 450,000 homes.

Residents in many Southland areas have recently fought back attempts to build new plants in their communities, despite an energy crisis that has sent their utility bills soaring by as much as 200% or even 300%. But homeowners and commercial property owners in Sun Valley voiced little opposition to the DWP's plan to modernize the facility in their neighborhood, mostly because the new and more powerful plant will be built with new technology that will result in less pollution than the '50s-era plant currently emits.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.