Cleco and Mirant to develop new power plants

Cleco Corp. and Mirant Corp. have announced an agreement to pursue joint development of power projects that could add more than 2000mw of generation capacity across the southern USA. The agreement between the companies’ subsidiaries, Cleco Midstream Resources LLC and Mirant Americas Development Inc., involves sites for potential development of both natural gas-fired peaking and combined-cycle units as well as coal-fired generation. The units could come online between 2002 and 2006. Mirant could provide the combustion turbines for natural gas-fired projects.

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