SOURCE: Industrial Info Resources

June 09, 2008 06:00 ET

Construction on Natural-Gas-Fired Units Reaches 18,000 Megawatts, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - June 9, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- After dropping to a low in 2005 when over-capacity was created by the merchant construction boom at the turn of the century, market forces have pushed natural-gas-unit construction activity in the U.S. to a three-year high in 2008. Activity is up for the third consecutive year, as 210 natural-gas-fired units totaling 18,000 megawatts are under construction in the U.S. Noting the affordability and clean-burning characteristics of natural gas, Duke Energy (NYSE:DUK) (Charlotte, North Carolina) is planning to add two 600 MW combined-cycle, natural-gas-fired units at two power plants.

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