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CPS Energy buys four Texas gas plants for $1.387B to improve reliability and support clean energy goals.
CPS Energy, San Antonio’s municipal utility, has agreed to buy four natural gas power plants in Texas for $1.387 billion to boost reliability and affordability.
The plants, located in Harris, Brazoria, and Galveston counties, have a combined capacity of 1.632GW—enough to meet over a quarter of the utility’s peak demand.
The acquisition helps avoid high construction costs, inflation, and delays of building new facilities.
The plants are dual-fuel capable, supporting future transitions to hydrogen.
This move aligns with CPS Energy’s strategy to expand its diverse energy mix, including solar, wind, and storage, while advancing clean energy initiatives.
CPS Energy compra cuatro plantas de gas de Texas por $1.387B para mejorar la fiabilidad y apoyar los objetivos de energía limpia.