In Great Britain, Innogy (successor to National Power) led the power industry through deregulation, turning an inefficient government monopoly into highly successful, highly profitable privatized operations. Now, as the U.S. faces similar deregulation of the electric industry, Innogy America will capitalize on this experience, helping power companies here achieve the same success. In light of recent developments in the state of California, their timing couldn’t be better.
TAMPA, Fla., March 20, 2001 (PRNewswire) — TECO Energy’s (NYSE: TE) TECO Power Services subsidiary today announced that it has completed its acquisition of American Electric Power’s Frontera Power Station, located close to McAllen, Texas, approximately two miles from the Mexican border. The plant is capable of selling power domestically, as well as into the Mexican power market.