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4 October 2007 -- Tampa Electric said it no longer plans to meet its 2013 need for baseload generation through the use of integrated gasification combined-cycle technology, IGCC. Primary drivers of the decision include continued uncertainty related to carbon dioxide regulations, particularly capture and sequestration issues, and the potential for related project cost increases. Because of the economic risk of these factors to customers and investors, the company said it believes it should not proceed with an IGCC project at this time.
The company said it remains steadfast in its support of IGCC as a critical component of future fuel diversity and believes the technology is the most environmentally responsible way to utilize coal. Once public policy issues regarding long-term sequestration are resolved, demonstration projects can be conducted that will lead to a better understanding of the science, technologies and economics of sequestration.
Peak demand for Tampa Electric is expected to continue to grow by 150 MW a year over the next 10 years, taking into consideration strong average annual customer growth of 2.3 percent and average annual energy sales growth of 2.5 percent.
With the deferment of the IGCC plan, the company will further study how it plans to meet its needs for more than 600 MW of generation in early 2013, evaluating other technologies and fuel options, including natural gas, as well as the impact of expanded energy-efficiency and conservation programs and renewable resources.
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