Duke Energy has stopped construction of its $300 million power plant. Work on the 650-megawatt plant, which began last October, was about 40% complete. Completion for this facility, and 10 others in the western United States, was slated for 2003. Company officials say they are reviewing their options, but it is uncertain at this time when -- and if -- construction on the Satsop plant will resume.
GlobeSt.com reported last week that Mirant Corp. similarly has halted construction on a $250-million energy plant at the City of Longview, Wash.'s Mint Farm industrial park. Construction on the 270-megawatt, combined-cycle gas fired power plant began in October 2001. Completion was scheduled for June 2003. The 11-acre project is approximately 34% complete.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
