Lordstown, OH Gas-Powered Electric Plant Gets New Owners
April 7, 2016
UPDATE: After posting this story, MDN received a tip from a subscriber with knowledge of the Lordstown project that our assumption that Clean Energy Future didn’t have the necessary funds to finish the project was incorrect. The plan from the beginning was to bring in other big-money partners. In fact, Siemens was a partner in the project from the start. Thank you to our great MDN audience for setting the record straight!
In April 2014, MDN told you about a proposal from Clean Energy Future to build an $800 million electric generation plant in Lordstown (Trumbull County), OH. The plant will be fired by natural gas from the Utica and Marcellus (see Clean Energy Plans NatGas Electric Generation Plant in Lordstown). In May, Lordstown Village Council gave their blessing for the project (see Lordstown $800M Gas-Powered Electric Plant Gets Village Approval). And last September the Ohio Power Siting Board (OPSB) gave its stamp of approval on the project (see Lordstown $800M Gas-Powered Electric Plant Gets OH State Approval). The project, at that point, had all necessary approvals. It was/is “shovel ready.” The only thing left to do was to begin construction. Except…it appears the project didn’t have enough money to start. That’s now changed. Yesterday Macquarie Infrastructure Partners III and Siemens Financial Services announced they will build the new facility. Which means they now own the majority share of the project because they will ponying up the necessary money to build it. Which means there was an agreement to buy it from Clean Energy Future, although Clean Energy will “retain an interest” in the project. Here are the details, including what kind of turbines and generators will be used to power the Lordstown plant…