This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Entergy Gulf States Louisiana To Power Proposed Cameron LNG Export Facility

 

BATON ROUGE, La., April 30, 2013 /PRNewswire/ -- Entergy Gulf States Louisiana, L.L.C. signed a commercial and contractual agreement with Sempra Energy's Cameron LNG unit to supply up to 200 megawatts of additional power to the proposed Cameron LNG liquefaction project in Hackberry.

(Logo: http://photos.prnewswire.com/prnh/20120913/MM74349LOGO)

In 2012, Sempra Energy announced plans to develop a natural gas liquefaction export facility at the site of its existing Cameron LNG receipt terminal in Hackberry. Entergy Gulf States Louisiana currently provides electrical services to the existing Cameron LNG terminal.

The power contract between Entergy Gulf States Louisiana and Cameron LNG is for 30 years, with a 10-year initial term and automatic renewals for four successive five-year terms. Entergy plans to upgrade its electric transmission system to meet the increased demand the liquefaction facility will generate.

"We are pleased we can further extend our relationship with Entergy to provide electric power to the new liquefaction facility," said Octavio M.C. Simoes, president of Sempra Energy's LNG operations. "Entergy is a staunch supporter of economic development in Southwest Louisiana and understands the benefits our project brings to the region."

The completed Cameron LNG liquefaction facility is expected to be comprised of three liquefaction trains with a total nameplate capacity of 13.5 million tons per annum of liquefied natural gas with an expected export capability of 12 Mtpa of LNG or approximately 1.7 billion cubic feet per day. 

The anticipated incremental investment in the liquefaction project is estimated to be between $6 billion and $7 billion, excluding capitalized interest, financing and existing facility costs. Construction on the liquefaction project is expected to start in 2014 with the first train to commence operations in the second half of 2017 and all three trains in 2018.

The Federal Energy Regulatory Commission recently announced the environmental review and permitting schedule for the project. Cameron LNG is the only proposed LNG export application currently pending before the FERC to have reached this milestone in the permitting process. 

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.40 -3.97 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs