Panda Energy and PSEG Americas plan Texas generation:
Panda Energy International and PSEG Americas formed a joint venture to develop and operate Texas generating plants. The initial project is a 1,000 MW combined cycle gas plant in Guadeloupe County in south central Texas. Plans for two other Texas facilities (total of 2,000 MW) will be announced soon. Total investment in the three plants will be about $1.3 billion financed with both debt and equity.