Tennessee Valley Authority has negotiated an agreement to buy, subject to TVA board of directors' approval, the 968 MW Magnolia Combined Cycle Gas Plant in northern Mississippi from Kelson Limited Partnership, a wholly owned subsidiary of Kelson Energy Inc.
The three-unit, natural gas-fired electric generating plant is located on a 374-acre site in Benton County near Ashland, Miss., and has been a source of purchased power for TVA since the plant began operation in 2003. Kelson has owned the facility since 2005.