OUC land buy St. Cloud

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Orlando-based Orlando Utilities Commission has closed on the purchase of 431.64 acres at 8400 Community Center Drive near St. Cloud, according to the Osceola County Property Appraiser.

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The utility paid $60 million for the land and an inactive natural gas power plant site, facilities and inventory, spokesman Tim Trudell told the Orlando Business Journal.

The property portion of the total was $5.74 million, according to the Osceola County Property Appraiser. The seller was Texas-based Genova.

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OUC plans to invest another $40 million to get the 20-year-old power plant operational and connect it to the utility’s grid.

The 510-megawatt facility eventually will allow for the retirement of the coal-powered Stanton Unit One at Stanton Energy Center that was built in 1987.

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Click here to read Ryan Lynch’s story on the Orlando Business Journal’s website.

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See a map of the property below:

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