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Montgomery County Power Station Achieves Commercial Operation

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The Montgomery County Power Station in Texas commenced commercial operation on January 1, 2021, ahead of schedule, enhancing local energy reliability. This 993-megawatt facility is expected to provide cleaner, efficient power, translating into significant customer savings. Construction, which began in 2018, employed approximately 1,000 workers and stimulated local economic growth. Entergy Texas plans to invest $2.1 billion over three years for infrastructure modernization to meet increasing energy demands.

Positive
  • Montgomery County Power Station commenced operations ahead of schedule on January 1, 2021.
  • The power station is expected to provide cleaner energy, leading to significant customer savings.
  • Construction created approximately 1,000 jobs and positively impacted the local economy.
  • Entergy Texas plans to invest $2.1 billion in infrastructure modernization over the next three years.
Negative
  • None.

THE WOODLANDS, Texas, Jan. 12, 2021 /PRNewswire/ -- The state-of-the-art Montgomery County Power Station achieved commercial operation on Jan. 1, providing another source of reliable and clean energy to a growing southeast Texas.

"We are excited to announce that the Montgomery County Power Station achieved commercial operation and is serving customers well ahead of schedule," said Sallie Rainer, president and CEO of Entergy Texas, Inc. "The plant will not only meet our customers' needs today by improving reliability and resulting in substantial customer savings, but it also prepares our region for future growth."

The 993-megawatt power station utilizes new technology that provides a cleaner and more efficient source of power. Because of the plant's high efficiency, it is projected to result in significant savings to customers over its life. Construction on the facility in Willis began in 2018, and the plant officially reached commercial operation well ahead of its originally scheduled completion date. In total, construction of the plant resulted in approximately 1,000 onsite employees and created a significant economic impact on the local area, with millions spent with local vendors. Ongoing operations of the plant will employ 31 people.

"Thank you to the Public Utility Commission, state and local stakeholders, for their partnership and support to bring this modern and efficient plant to our region," said Rainer.   

The completion of the Montgomery County Power Station is the latest step in Entergy Texas' plan to modernize infrastructure to better serve customers. Over the next three years, Entergy Texas is investing $2.1 billion in new generation, transmission and distribution upgrades to meet growing demand, replace aging infrastructure and improve service to customers across southeast Texas.  

About Entergy Texas

Entergy Texas, Inc. provides electricity to approximately 461,000 customers in 27 counties. Entergy Corporation (NYSE: ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including 8,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of $11 billion and approximately 13,600 employees.

entergytexas.com 
Twitter: @EntergyTX
Facebook: Facebook.com/EntergyTX

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/montgomery-county-power-station-achieves-commercial-operation-301206899.html

SOURCE Entergy Corporation

FAQ

What is the significance of the Montgomery County Power Station's commercial operation date for ETR shareholders?

The Montgomery County Power Station began commercial operations on January 1, 2021, ahead of schedule, indicating improved efficiency and customer savings, which can positively impact ETR's stock performance.

How much is Entergy Texas investing in new infrastructure?

Entergy Texas is investing $2.1 billion over the next three years to enhance energy generation, transmission, and distribution.

What is the capacity of the Montgomery County Power Station?

The Montgomery County Power Station has a capacity of 993 megawatts.

How many jobs were created during the construction of the Montgomery County Power Station?

The construction of the Montgomery County Power Station generated approximately 1,000 onsite jobs.

What type of energy does the Montgomery County Power Station produce?

The Montgomery County Power Station utilizes new technology for cleaner and more efficient energy production.

Entergy Corporation

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