Newscast: Thomas Ferguson Plant
Plans are moving forward to build a new 540-megawatt power plant on Horseshoe Bay to replace the old Thomas Ferguson plant. The city agreed in January with the Lower Colorado River Authority for a 3.25 percent interest in the new plant’s energy production. San Marcos’s share is estimated to be 18 million dollars, which the city plans to pay for with revenue bonds. Council Member Kim Porterfield thinks this will be a profitable investment that will reduce costs for rate payers.
It’s really an investment in this power plant that is going to burn natural gas which is cleaner than coal, so it fits in with our plan to move toward green power.
-Kim Porterfield
The plant is planned to be on-line next year.
Matt Uzick, KTSW News.
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