CPS Energy to acquire 4 natural gas plants in the Houston area as a cost-saving measure to meet demand – Houston Public Media

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CPS Energy has agreed to purchase four natural gas power plants in Harris, Brazoria, and Galveston counties for nearly $1.4 billion from PROENERGY, which will continue to maintain and operate the plants.

It’s part of a broader strategy by San Antonio’s municipally-owned utility to acquire relatively new plants instead of building more plants itself to address energy demand.

“By acquiring recently constructed, currently operating modern power plants that utilize proven technology already in use by CPS Energy, we avoid higher construction costs, inflationary risk, and long timelines associated with building new facilities – while also enhancing the reliability and afford