LCRA is replacing its 37-year-old Ferguson plant near Horseshoe Bay with a new 540MW natural gas-fired power plant.
The new natural gas-fired power plant will be built on the site next to the operating Thomas C Ferguson power plant.
LCRA Board chair Timothy Timmerman said the existing Ferguson plant has served LCRA and its customers well over the years, but time and technology have given the Authority the opportunity to provide better service to the public.
"This investment makes good business sense, and it will allow LCRA to continue its tradition of providing reliable, cost-based electricity to cities and cooperatives throughout Central Texas," Timmerman said.
R-Horseshoe Bay state senator Troy Fraser said the new plant will incorporate very cost-effective and clean technologies to produce electricity.
"It will be good for the people of Texas, and especially beneficial to the area by providing another electric generation resource that will strengthen LCRA’s ability to maintain reliable electric service in the Hill Country," Fraser said.
The Authority intends to decommission the existing plant following Fluor’s two-year construction phase that is expected to bring the new power plant on-line in 2014.
