Entergy Wins 200 MW Contract to Power Sempra LNG Export Facility
Entergy announced today that its Gulf States Louisiana business has successfully won a contract with Sempra Energy to power its proposed LNG export facility.
Sempra first announced plans to build a natural gas export hub in Hackberry, La., in 2012 and expects to start construction on the project in 2014. Sempra currently operates an LNG receipt terminal in the same location, to which Entergy has been an electricity provider. Entergy plans to upgrade its electric transmission system.to meet Sempra's increase in energy demand.
Although no monetary figures were included in the release, the contract will provide Sempra with up to 200 MW of power for 30 years. The initial contract term is 10 years, to be followed by five-year terms thereafter.
"We are pleased we can further extend our relationship with Entergy to provide electric power to the new liquefaction facility," said Sempra LNG President Octavio Simoes in a statement today. "Entergy is a staunch supporter of economic development in Southwest Louisiana and understands the benefits our project brings to the region."
The article Entergy Wins 200 MW Contract to Power Sempra LNG Export Facility originally appeared on Fool.com.Fool contributor Justin Loiseau has no position in any stocks mentioned, but he does use electricity. You can follow him on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.