Search
 

Enron Plans $120 Mil. Power Plant as Entry to North Carolina Turf

ROCKY MOUNT, NC-Houston-based Enron is considering building a gas-fired generating plant north of Rocky Mount to sell electricity to Virginia Power. But the gas distribution company serving that part of the state hasn't agreed to provide the city with the additional gas needed to fuel the new plant.

By Robert Anthony | Updated on September 07, 2000

Enron, one of North America’s largest energy marketers, wants to build a $120 million, gas-fired generating plant in Rocky Mount, NC, about 75 miles northeast of Raleigh.

If Enron gets clearance from the NC Utilities, it would be the company’s entry to North Carolina, giving it a toehold in the state if and when its energy market is opened to competition.

The undetermined amount of land for the plant would be annexed by Rocky Mount, and the plant would supply the city with an estimated $300,000 a year in property taxes.

A potential block to the deal is N.C. Natural Gas Corp. which serves the Rocky Mount area. N.C. Natural Gas has not yet agreed to provide the city with the additional gas needed to fuel the plant.

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

© 2023 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.

 

Recommended Stories

GlobeSt. NET LEASE Fall 2023Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

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 © 2023 ALM Global, LLC. All Rights Reserved.