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JEA Board Approves Transaction with FPL to Close 848-MW Coal Unit in Georgia

LCG, June 30, 2020--The JEA Board of Directors in a special meeting last Friday unanimously approved a transaction that will result in closing an 848-MW unit at Plant Scherer and entering into a 20-year purchase power agreement (PPA) with Florida Power & Light Company (FPL).

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Analysis of Resource Adequacy in ERCOT - July - December 2020

LCG, June 30, 2020 - LCG Consulting just released its analysis of ERCOT for the second half of 2020, July through December.

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Industry News

NV Energy Offers Commercial Customers Low-Cost Renewable Energy Rate Option

LCG, March 7, 2019--NV Energy filed additional information with the Public Utilities Commission of Nevada (PUCN) about the Nevada GreenEnergy Rider (NGR 2.0) last week that makes available over a million megawatt hours of renewable energy resources for large commercial customers.

NV Energy's president and chief executive officer stated, "We believe we are the best energy partner for our customers and will continue to work closely with them to keep them as fully-bundled customers. NGR 2.0 offers eligible customers the ability to pay a rate directly tied to low-cost, Nevada-based solar resources, which is in line with our own philosophy to provide all of our customers with clean energy, while keeping rates low. This sustainable energy solution is a win-win as eligible customers will reduce their energy costs while NV Energy retains the renewable energy credits in order to comply with Nevada's renewable portfolio standard for the benefit of all customers."

The NGR 2.0 offering will reduce the cost most eligible commercial customers, including casinos and government entities, pay for electric service. Commercial customers who use a minimum of 8,760 megawatt hours of energy and have a load factor of 50 percent with an annual usage of one megawatt or more are eligible to participate. Governmental entities need only use 8,760 megawatt hours of energy annually.

The initial allotments for the renewable energy rate include up to 565,000 megawatt hours of solar for southern Nevada customers and 375,000 megawatt hours for those in the north.

The new NV Energy offering aims to retain existing customers and to avoid customers discontinuing electric service from NV Energy.

NV Energy will use an "open window" period for enrollment, which includes a first-in-time, first-in-right approach to designate renewable energy allotments. The first enrollment window will open on March 18, 2019, and will remain open until the resource pool is full.
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