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Gas-fired power plant to close in 2018

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The gas-fired plant will close in early 2019 and a new gas plant is planned to open in 2020, an energy company said Friday.

The announcement came after the Southern Company announced that the facility would close for good by the end of 2018, leaving about 8,000 employees unemployed.

Southern announced the decision at a news conference in Jackson, Mississippi.

Southern’s parent company, Dominion Resources, owns about 80 percent of the gas plant.

It employs about 3,000 people at the plant.

The plant is a joint venture between Southern and ConocoPhillips, the world’s largest natural gas producer.

Southern is leasing the gas and is working with Conoco to keep the plant operating for a period of up to 10 years, Southern said in a statement.

It also plans to lease another 1.8 million acres of land to another natural gas company.

ConocoPhillip, which owns a pipeline that delivers natural gas from Texas to New York City, also said it would lease another 2.8 billion cubic feet of gas a year from Southern.

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