Electricity demand in the United States has grown at over 2% annually for many decades. During a recession, the growth typically flattens out or becomes negative and resumes once the recession ends. On average the United States will need to add over 20,000 megawatts of new generation every year to meet growing demand and to replace aging power plants.

Most of the new generation will be gas-fired combustion turbines. Concerns about greenhouse gas emissions have stopped utilities from building the traditional base loaded coal-fired power plants. High and uncertain costs will limit the introduction of new nuclear plants for decades. Wind and solar plants will be built, but since their output is intermittent, they must be backed by essentially an equal amount of gas-fired generation.

The founders of POWER have developed or acquired over 30,000 megawatts of gas-fired generation, representing the largest experience base in the power industry. In partnership with others or alone, POWER is active in developing new gas-fired power plants. Development involves site selection, permitting, entering into long-term power sales agreements, engineering, construction, commissioning, operating and maintaining the facilities.

POWER's new plants will utilize advanced technologies, including Simplified Combined Cycle if appropriate, and will be the most efficient, cleanest state-of the-art generating facilities.

To be financeable, new projects will have to have long-term power sales agreements with credit-worthy power purchasers and will have to employ proven technologies.

POWER’s development projects will consist of industrial cogeneration, backup power for renewable energy plants, and stand-alone peaking, intermediate and base load generation.