Mark Stege Speaks to Chamber of Commerce

Cheyenne Light, Fuel & Power are currently in the process of filing rate requests. If approved, the new rates will be implemented in October of this year.

Cheyenne, WY (KGWN) - It was a packed house at the Holiday Inn for the Cheyenne Chamber of Commerce luncheon. The main speaker at the event was Vice President of Operations for Cheyenne Light, Fuel, and Power Mark Stege. Stege's main topic during the event was the Cheyenne Power Generating Station.

The $222 million dollar project is currently on schedule and on budget, which Stege says is very important since consumers are footing the bill for the massive project. The company broke ground on the new station in April of 2013 and are expected to be serving their customers with the new station by October of this year.

While consumers saw rate increased for their utilities due to the project, Stege says that Cheyenne and southeast Wyoming are already reaping the benefits of the new station.

"In terms of economic development, companies come to Cheyenne for one reason, predominantly, is reliability. So when we take a look at some of the recent announcements such as NCAR, Microsoft, and even Searing Industries and other participants in the business park, there doing it for reliability number one. So this will pave the way for increased reliability. Second thing too is, its jobs, end of the day, these companies bring lots of jobs here, so jobs benefit everybody."

Along with attracting new jobs, the plant is necessary to keep up with the growing needs of our community. He also say's that it's a good thing that the plant will utilize Wyoming's abundant amount of natural gas, especially with EPA regulations causing coal plants to shut their doors.

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