natural gas Archives

Report Shows Changing Arizona Energy Mix

energy supply - AZ Business Magazine May/June 2012

Arizona Public Service today released its official forecast of how Arizona will meet its growing energy needs over the next 15 years. The report, called an “Integrated Resource Plan,” takes a big-picture look at Arizona’s energy future that helps APS and other stakeholders plan responsibly. The forecast identified three major trends shaping Arizona’s energy future:… Read More →

SRP Buys Natural Gas Power Plant

by in Business News | Energy

Salt River Project has agreed to purchase one block of the Mesquite Generating Station located in Arlington, about 40 miles west of Phoenix.  The natural gas-fired power plant, owned by San Diego-based Sempra U.S. Gas & Power, includes two 625-megawatt (MW) combined-cycle generating blocks.  SRP is purchasing one of the blocks for $371 million and… Read More →

Freeport-McMoRan buys energy companies for $9B


Mining company Freeport-McMoRan is buying a pair of oil and gas producers for $9 billion, creating a natural resources conglomerate with assets ranging from oil rigs in the Gulf of Mexico to mines in Indonesia. Freeport, based in Phoenix, is paying $6.9 billion in cash and stock for Plains Exploration Co., and $2.1 billion for… Read More →