$470M Power plant worth its salt in Anderson County$470M Power plant worth its salt in Anderson Countyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=41182014-05-27T09:39:00Z2014-05-27T00:00:00Z

TENNESSEE COLONY, ANDERSON COUNTY - Construction will start by June on an innovative $470 million electric power generation plant that is expected to provide power for over 300,000 homes.

The new plant will be called the Apex Bethel Energy Center because it will be at the site of the Bethel Salt Dome and the intersection of FM 2706 and Anderson County Rd. 2504.

Houston-based Apex Compressed Air Energy Storage (CAES) LLC is building the plant, which will use new technology to use compressed air in an underground salt dome to produce electricity for the wholesale grid.

Construction will take three years, and the plant is expected to start full commercial operations in July 2017. Once the plant begins operating, it will employ 22 to 25 operators at an average pay scale of between $20 and $50 an hour.

Apex will build a cavern in the salt dome that will be about 3,700 feet below the Earth’s surface, about 1,000 feet tall and about 250 feet wide. Use of an air cavern for power generation is uncommon, but it will allow the plant to provide stability regulation services when the Texas grid needs more power or less power very quickly.

Anderson County gave the company an eight-year abatement for county taxes, starting at 90 percent and gradually declining each year thereafter to zero. Despite the abatement, the firm estimates it will pay over $28 million in taxes to the schools and county.

Read more at the Tyler Morning Telegraph and at Apex CAES.

Tyler Morning Telegraph
Infrastructure & Transportation
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