An industrial gas turbine engine for electrical power production includes a high pressure spool and a low pressure spool in which the low pressure spool can be operated from full power mode to zero power mode when completely shut off, where the low pressure spool is operated at high electrical demand to supply compressed air to the high pressure compressor of the high pressure spool, and where turbine exhaust is used to drive a second electric generator from steam produced in a heat recovery steam generator. The power plant can operate at 25% of peak load while keeping the unused parts of the power plant hot for easy restart when high power output is required.