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Mark IV Capital outlines large gas-fired power plan for Fernley logistics district
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Summary
Mark IV Capital told the Fernley Planning Commission it is considering a modular, gas-fired power facility in the Victory Logistics District that could reach 1.8 gigawatts by 2031; the developer said designs are preliminary, no formal permits have been filed and public hearings will follow entitlement steps.
Scott Barnes, vice president of Mark IV Capital, told the Fernley Planning Commission on Jan. 14 that the company’s Victory Project is in its early, conceptual phase and aims to support industrial and data-center growth with on-site power generation and related infrastructure.
Barnes said Mark IV has acquired roughly 4,500 acres in and around the Victory Logistics District and is working through design and permitting for roadway and utility improvements. "This project has an approved plan development handbook, development agreement, tentative maps, and 2 final maps," Barnes said, and added the firm had applied for a master-plan amendment and zoning-map amendment the day before the meeting. He emphasized that "each step includes a public hearing."
The presentation outlined a staged power buildout. Barnes described an initial 225-megawatt generator planned to begin operation in 2028, a 2,225-megawatt phase in 2029, and a 450-megawatt phase in 2030, totaling about 1.8 gigawatts by 2031. He characterized the planned generation as gas-fired at this stage and said the project team is coordinating with NV Energy and other regulators. "Any of these power improvements will not be paid for by rate payers," Barnes said, and provided preliminary fiscal estimates included in the developer’s submission.
Barnes presented early cost and revenue figures included in the project’s fiscal analysis: he described an approximate $500 million cost for the first phase and an estimated $3.5 billion at full buildout, and he cited preliminary franchise-fee projections to the city on the order of millions of dollars annually at higher output levels. He said those fiscal numbers and other details are in the developer’s submittal and extend over a 20-year analysis horizon.
Commissioners questioned siting and safety, including proximity to residences and emergency scenarios. Commissioner Flores asked whether the plant could provide backup power to Fernley in the event of a major outage; Barnes responded that the project team is working closely with NV Energy and considering multiple utility arrangements, including private provision or a utility district, and that detailed operational and safety answers will come during engineering and permitting. On emissions and oversight, Barnes said the plant would be subject to state and federal permitting and monitoring; staff and regulators would review air-quality impacts.
Barnes invited commissioners and members of the public to guided site tours and said the property is large and partly graded, with safety considerations for visitors. He reiterated that plans are preliminary and that the firm will return to the planning commission as applications advance. The planning director noted the annexation for the parcel was approved by council and that next steps include formal entitlement filings.
The presentation did not include any formal application action at this meeting; Mark IV representatives said they expected to return for future hearings as the design and permit work proceed.
