Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Conway Council adopts agreement to buy 4% stake in Independence combined-cycle gas plant
Summary
Council approved an ownership agreement for Conway Corporation to take a 4% share of a new combined-cycle natural gas plant, accepting 4% of construction and operating costs in exchange for 4% of output; council approved the ordinance with an emergency clause, 7–0.
Conway City Council on Oct. 28 adopted an agreement authorizing Conway Corporation to take a 4% ownership interest in a new combined-cycle natural gas plant being developed by Arkansas Electric Cooperatives, with the plant projected to come online Jan. 1, 2031.
Jason Carter, attorney for Conway Corporation, told the council the agreement consolidates Conway's development rights in the White Bluff and Independence projects and commits Conway to pay 4% of construction and operating costs in return for 4% of the plant's benefits. Carter said the plant…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
