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twitterArizona firm joins Houston company in power plant plans
Tuesday, March 14, 2000 | 11:04 a.m.
Pinnacle West Energy, like APS a subsidiary of Pinnacle West Capital Corp., is sharing the projects with Reliant Energy Power Generation, Inc.
One of the shared projects will be a plant already under construction west of Phoenix. Two others will be in the Las Vegas area and one other will be in northern Nevada, probably near Reno.
The intent is to market electricity to the Southwest under power deregulation, said Bill Post, Pinnacle West Capital president.
Each company is to own a half interest in the projects that include five generating units each capable of producing more than 500 megawatts.
In announcing the joint agreement on Monday, the Phoenix-based company said a definitive agreement is to be signed within six months.
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