Search
 

Duke Scraps Plans for $180M Power Plant

ORLANDO-The Charlotte-based utility firm says it is abandoning the 360-acre project in Eustis, FL because the Florida Legislature didn't approve a bill this year allowing electric merchant providers to build plants that use natural gas. The site is 30 miles northwest of Downtown Orlando.

By Alex Finkelstein | Updated on August 29, 2002

ORLANDO-Duke Energy has formally pulled out of Eustis, FL where it once planned to develop a $180 million, 640-megawatt power plant on 360 acres northwest of State Road 44 and County Road 437. The site is 30 miles northwest of Downtown Orlando.

The Charlotte-based utility firm says it is abandoning the project because the Florida Legislature didn’t approve a bill this year allowing electric merchant providers to build plants that use natural gas.

An activist group, however, the Citizens Against Merchant Power, is taking credit for opposing the venture from the beginning.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.