Eversheds Sutherland Coop Law Blog
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STEC Acquires Two ERCOT Gas Stations from PROENERGY for $768M

South Texas Electric Cooperative (STEC) has acquired the Braes Bayou and Brotman Generating Stations in the ERCOT market from PROENERGY for $768 million. The facilities have a combined capacity of 768 MW of fast start generation, and PROENERGY will continue to staff, operate, and maintain the units under Operations and Maintenance and Total Care Services arrangements.

Cooperative to Provide Transmission Services for LNG Project

South Texas Electrical Cooperative (STEC) has signed a facilities agreement with Annova LNG for 405 MW, representing the total electric transmission needs for a 6.0 MTPA LNG export project. Magic Valley Electric Cooperative, a member of STEC, will be the sole provider of electric energy to power the facility.