Corporate Report: August 31

Tampa Electric expanding Polk Power Station, will self-build project
Tampa Electric has decided to expand its Polk Power Station.

The company says the station expansion was necessary to meet customer growth and to replace power it purchases from others in agreements that are due to expire around 2017. It reviewed several competitive bids, and determined the self-build option was the best and most cost-effective way to address those energy needs.

“Expanding the Polk Power Station provides the best value to customers based on cost, reliability and flexibility, as well as environmental performance,” Gordon Gillette, president of Tampa Electric, says in a press release.