Plant purchase completed

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Thursday, Oct. 14, 2004 | 11:12 a.m.

Nevada Power Co. on Wednesday announced that it has completed the purchase of the Moapa power plant from Duke Energy of North Carolina.

The Las Vegas electric utility said in June that it would seek regulatory approval to spend $558 million to purchase and complete the plant, which Duke abandoned about midway through the construction process.

The state Public Utilities Commission approved the deal last month. About $180 million of the cost was paid to buy the plant from Duke. The balance will be used to complete construction of the 1,200-megawatt plant located about 20 miles north of Las Vegas.