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Stock impact report

Entergy Texas receives PUCT approval to build two new natural gas plants [Yahoo! Finance]

Entergy Texas Inc 5.375% Series A Preferred Stock, Cumulative, No Par Value (ETI.PR) 
Company Research Source: Yahoo! Finance
The power stations are part of Entergy Texas' Southeast Texas Energy Plan, also known as STEP Ahead. The addition of these power stations, alongside the Orange County Advanced Power Station project, underlines Entergy Texas's efforts towards providing cost-effective, dependable, and sustainable energy to customers and communities throughout Southeast Texas. The power stations will be capable of powering more than 300,000 homes and supporting the area's rapid expansion. The 754MW Legend power station, to be built in Port Arthur, represents a $1.6bn investment. It is designed to power more than 190,000 homes and is expected to inject $1.79bn into the regional economy during its construction phase. Meanwhile, the 453MW Lone Star power station, planned near Cleveland, will be developed with an investment of $799m. It will have the capacity to supply power to more than 110,000 homes and is anticipated to generate $951m in regional economic activity. Both facilities are expec Show less Read more
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