Thursday, August 06, 2009

Updated: TVA gas plant could spark oil-gas

As a result of a court order, TVA is following-through with creation of an $840MM natural gas power plant in East Tennessee, that could consume more than 10 times the gas production of the immediate area. The KNS reports today. Updated Aug. 8: TVA discusses preferred ETNG plant location, Chattanoogan.com. Related, previously reported: Miller Energy Resources says it is the largest operator of gas and oil wells in Tennessee, following its recent acquisition of East Tennessee Consultants. Huntsville, Tenn.-based Miller trades OTCBB:MILL. The company has signalled it intends to acquire more operators.

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