Michael Burns (Media)
Paula Waters (Investor Relations)
Project Part of Louisiana's Trending Industrial Growth
BATON ROUGE, La. -- Entergy Louisiana, LLC has signed a five-year agreement to provide an additional 60 megawatts of electricity to power CF Industries' expanding nitrogen facility in Donaldsonville, one of many projects that are part of the industrial renaissance underway in Louisiana.
CF Industries is on track to complete by early 2016 an expansion that will increase its production capacity at the complex by over 40 percent. The agreement for the additional 60 megawatts, which took effect March 1, brings the total load at the plant under contract to Entergy Louisiana to 130 megawatts.
The plant produces urea, urea-ammonium nitrate and anhydrous ammonia for agricultural and industrial customers. With the expansion, the plant will employ more than 450 people, making it a key driver of southeast Louisiana's growing economy.
Attracted by low-cost natural gas, low electricity prices, existing infrastructure, and Louisiana's business-friendly climate, industries are investing billions of dollars to build new plants or expand existing facilities and creating needed jobs for Louisiana residents.
"We are excited to be playing a role in this project. Partnering with CF Industries to craft the optimal solution to power the company's expanded facility is just one example of the ways we are helping drive economic growth across Louisiana," Phillip May, president and CEO of Entergy Louisiana, LLC and Entergy Gulf States Louisiana, L.L.C., said. "Working to create long-term opportunities for companies as well as the communities where they operate is part of our commitment to help build a prosperous future for our customers.
"But it takes a team to get the job done. Along with our partnership with CF Industries, it took the collaboration of Louisiana Economic Development, the Baton Rouge Area Chamber and the Ascension Economic Development Corp. to help make this project a reality," May said.
Entergy Louisiana, LLC and Entergy Gulf States Louisiana, L.L.C. provide electric service to more than one million Louisiana customers. Additionally, Entergy Gulf States Louisiana provides natural gas service to approximately 93,000 customers in the greater Baton Rouge area. With operations in southern, central and northeastern Louisiana, the companies are subsidiaries of Entergy Corporation.
Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including nearly 10,000 megawatts of nuclear power, making it one of the nation's leading nuclear generators. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $12 billion and approximately 13,000 employees.