The Louisiana Public Service Commission approved Entergy Louisiana LLC's request to acquire the 361-MW Washington Parish Energy Center One peaker project for approximately $261 million.
The regulator said the Entergy Corp. subsidiary will purchase the natural gas-fired plant after a Calpine Corp. subsidiary completes its construction. Once that occurs, the transaction will close, expected during the second quarter of 2021. Calpine build the peaker on the site of a previous project it never completed, west of Bogalusa, La., and will demolish the unneeded remnants of that development.
Energy said the acquisition will help it meet customers' energy demand by providing required peaking and reserving generated capacity. Peaking units run to fill the gap when customer demand for electricity reaches a level above what baseload and other generating units can produce.