And Proposed 580 MW Natural Gas Power Plant for Central Utah.
Presented at SCCAW’s General meeting February 21, 2013 by SCCAW President Dick Cumiskey.
Now what is the current status of Sevier Power Company? I understand they have been seeking a way to get natural gas piped from Scipio to Sigurd, Ut, the proposed natural gas power plant site. I have heard quotes of about $45 M as a price. There is no permit or commitment yet for a pipeline to power the proposed power plant. Still no application to hook up to the Sigurd substation or use Rocky Mountain Power’s transmission lines to distribute electricity. Of course they can’t designate where the power is going to until they have a customer. So much for transmission. Rocky Mountain Power’s Integrated Resource plan does not call for any added generating capacity to be built in Utah and there is no demonstrated need for additional generating capacity in central Utah.
Funding and finance outlook
Needless to say there will be no source of funding until a customer is secured. A mortgage lender will only act with a 40 year commitment in hand from a guaranteed customer.