ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

New Orleans Power Station: An Important Resource in the Ida Restoration Process

By: 3BL Media

SOURCE: Entergy Corporation

DESCRIPTION:

The New Orleans Power Station continues to be an important resource in Hurricane Ida restoration process.

Working as designed, NOPS is helping to restore customers in small increments because of its very flexible operating profile. That ability is critical when post storm restoration conditions change by the hour.

On Sept. 1, Entergy crews turned power on for some customers in Eastern New Orleans with generation supplied by both NOPS and a restored transmission line coming into the area over Lake Pontchartrain. This was the first step in bringing power back to the metro region, after Hurricane Ida left devastating destruction in its path.

The plant was approved by the New Orleans City Council and went into service in May 2020. It replaced the nearly 50-year-old Michoud units and was constructed below its $210 million budget. It has the ability to start itself even when surrounding areas are completely dark. It can generate power locally up to its 128-megawatt capacity when transmission lines are impacted by major storms. Today, it is doing what it was designed to do. It is working.

Reciprocating engine units, like those used at the New Orleans Power Station facility, are highly efficient and provide an essential source of local generation. Additionally, the unit can ramp up to full capacity in just a few minutes, which will provide needed flexibility and grid support as the amount of renewable generation in Entergy New Orleans’ portfolio increases.

The combination of NOPS and the restoration of the transmission line over Lake Pontchartrain created redundancy and stability and allowed Entergy New Orleans to reach a significant milestone in the restoration process – delivering the first power to approximately 8000 customers in neighborhoods around New Orleans.

NOPS could have been used to power part of New Orleans in an “island” mode; it possesses the blackstart capability to operate in this way, and we were fully prepared to deploy NOPS in this manner. However, having the tie to the rest of the power grid provides a more stable and resilient supply to customers and allows us to bring in power from other sources.

NOPS alone is not large enough to power the entire City of New Orleans. Full restoration will still take time given the significant transmission line damage across the region. Crews must methodically bring back additional transmission lines over time and provide other pathways for power to enter the region while keeping the power on in areas already restored. This will help maintain stability of the system throughout the complete restoration process.

The New Orleans Power Station has significantly lower emissions and uses minimal groundwater when compared to the former Michoud plant. The 1960s-era Michoud units 2 and 3 were deactivated on June 1, 2016.

The New Orleans Power Station is one part of Entergy New Orleans’ commitment to adding low-carbon, diverse generation to help combat climate change. Today, about 50% of the energy Entergy New Orleans customers use is clean, coming from sources that don’t emit carbon dioxide, such as nuclear, solar, and hydropower. Entergy New Orleans’ carbon dioxide emission rate is about 50% below the national average.

Tweet me: New Orleans Power Station: An Important Resource in the Ida Restoration Process https://bit.ly/3EiZZPa @entergy

KEYWORDS: NYSE: ETR, entergy, Hurricane Ida, power restoration

Entergy New Orleans power station sign

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.