There's important business news from Nacogdoches. A New Hampshire firm has acquired the development rights to a natural gas-fired power plant in Nacogdoches County.
BayCorp Holdings has taken over the Cushing area project from STEAG, a group of German investors. BayCorp, through a wholly owned subsidiary, "Nacogdoches Power" plans to develop a 1000 megawat natural gas-fired power plant.
In a separate transaction through another subsidiary, "Nacogdoches Gas" an agreement has been reached to develop three natural gas and oil wells.