MARBLE FALLS (Austin Business Journal) – Lower Colorado River Authority (LCRA) board members voted Wednesday to replace the Thomas C. Ferguson Power Plant with a more efficient one.

Construction will create more than 500 jobs in the area.

The new 540 megawatt combined cycle power plant will use between 35 to 40 percent less fuel than traditional gas-fired plants while generating the same amount of power.

The energy provider will choose a contractor for the project by August. Completion is slated for 2014. Once the new plant is finished, the current facility will be retired.

Established in 1934, LCRA supplies power to more than 1.1 million Texans.

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