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1 September 2006 -- Southern Company announced today it has closed on the purchase of the Rowan County Energy Complex from Progress Energy. Rowan is located in Salisbury, North Carolina, US, approximately 50 miles northeast of Charlotte, and consists of three simple-cycle, natural gas-fueled generating units and a combined-cycle unit totaling 925 MW of generating capacity.
Earlier this year, Southern Company closed on the purchase of the DeSoto County Energy Complex from Progress Energy. DeSoto, located in Arcadia, Florida, approximately 40 miles southeast of Sarasota, consists of two 160-MW combustion turbine generating units, primarily fueled by natural gas.
The total purchase price for both facilities is $405 million. Now that the purchases are finalized, both facilities are owned and operated by Southern Power, the subsidiary of Southern Company that builds, owns and operates Southern Company's competitive generation assets. Southern Power currently serves municipalities, electric cooperatives and shareholder-owned utilities throughout the Southeast.
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