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New York PSC Approves Ravenswood Energy Storage Project

LCG, October 18, 2019--The New York State Public Service Commission (PSC) yesterday approved construction of the largest battery storage facility in New York State history. The 316-MW Ravenswood Energy Storage Project will be built in Long Island City, Queens, New York and scheduled to be partially operational by March 2021.

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Xcel Energy, EVRAZ North America and Lightsource BP Announce 250-MW Solar Project in Colorado

LCG, October 1, 2019--Xcel Energy, EVRAZ North America and Lightsource BP announced Friday that they have reached a long-term agreement to develop a 240-MW solar facility in Colorado. Lightsource BP will finance, build, own and operate the Bighorn Solar project and sell all the electricity it generates to Xcel Energy under a long-term power purchase agreement (PPA). The project will be built on EVRAZ Rocky Mountain Steel property in Pueblo, making it the largest on-site solar facility dedicated to a single customer in the country.

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Industry News

NextEra Energy Completes Purchase from Southern Company of Ownership Interests in Two Florida Power Plants

LCG, December 5, 2018--NextEra Energy announced yesterday that it completed the acquisition of Southern Company's indirect ownership interests in the Stanton and Oleander natural gas power plants in Florida. The acquisition was previously announced in May of this year.

The chairman and chief executive officer of NextEra Energy stated, "We are pleased to complete this transaction and add these high-quality assets to the NextEra Energy Resources portfolio. We have now successfully closed two of the three transactions we announced with Southern Company earlier this year, and we are still targeting completing the Gulf Power transaction in the first quarter of 2019."

With the completion of this transaction, NextEra Energy has acquired a 100 percent ownership interest in Plant Oleander, a dual-fueled, simple-cycle combustion turbine electric generation plant located near Cocoa, Florida that has power purchase agreements (PPAs) with the Florida Municipal Power Agency (FMPA) and Seminole Electric Cooperative. The plant consists of five combustion turbine units, four at 157 MW, and one at 163 MW, with a combined electric generating capacity of approximately 791 MW. The plant went online in June 2002 and was acquired by Southern Company from Constellation Energy in the spring of 2005.

NextEra Energy also acquired from Southern Company a 100 percent interest in a company owning a 65 percent ownership interest in Stanton Energy Center Unit A, a dual-fueled, combined-cycle electric generating unit, with a generating capacity of approximately 660 MW, located near Orlando, Florida. The unit went online in the fall of 2003. The 65 percent interest is contracted with the Orlando Utilities Commission (OUC) and FMPA.
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