Fourth Texas Natural Gas Plant Bought by Exelon

by Michelle on June 8, 2011

Texas Electric Comparison Exelon Corporation has recently secured the purchase of a fourth Texas-based natural gas plant and the purchase comes only two short weeks after the company finalized the deal to buy Constellation Energy.  The newest natural gas fired plant is located in an area of North Texas and is a combined-cycle plant.

Exelon is purchasing the gas fired power plants as a way to meet the competitive demands of the Electric Reliability Council of Texas.  Exelon is one of the larger providers of electricity in America and supplies a large number of Texas residents and businesses with electricity.

Electricity consumers in Texas do have the choice to choose their electricity provider though and there are a number of electricity companies to choose from.  Due to the fact that there are so many though choosing the right one is not necessarily an easy task.

Comparing is easier when you use the Texas Electricity Comparison website comparison tool because you can compare all of the companies in an area at once which really helps when making that kind of decision.

  • Exelon is paying Sequent Wolf Hollow a total of $305 million for the North Texas natural gas power plant.
  • The newest power plant will give Exelon control of another 720 megawatts of clean electricity to provide for its customers.
  • It was only two weeks ago that Exelon bought another company, Constellation Energy, for $7.9 billion.
  • Exelon is reported to contribute approximately $1.9 million dollars each year to the Texas state taxes.

Exelon is a very large energy provider and is becoming even larger as it continues to buy up more and more gas fired electricity plants.  The company owns three other plants in addition to the two most recent acquisitions which include Mountain Creek, ExTex LaPorte, and Handley.

There are still other electricity company options though and Texas Electricity Comparison can help you compare them in order to get the best deal.

Simply visit the Texas Electricity Comparison website to compare or call 1-800-971-4020 and have a representative help you.

 

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