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NEW YORK--More than 54,000 megawatts (MW) of new US power generation were completed in 2002, a record year for construction despite the ongoing financial problems at many energy companies, according to Energy Argus.
The 54,019 MW is about three-quarters of the plants expected to come online last year, showing the impact of spending cuts at some utilities. Nearly all of the new plants are fueled by natural gas, which is capturing a ...