New York Poised to Close Last Coal-fire Power Plant

LCG, December 4, 2019--The last operating coal-fired power plant in New York is moving toward closure shortly. Last month, Somerset Operating Company, a subsidiary of Riesling Power LLC, submitted a request to the New York State Public Service Commission (NYSPSC) to waive the state's required, 180-day notice to close the Somerset Station, allowing the facility to be retired on February 15, 2020. Closure is contingent on approvals by both NYSPSC and the New York Independent System Operator (NYISO), which will evaluate if it will cause an adverse effect on grid reliability.

Read more

Construction Commences on Enel’s Aurora Wind Farm in North Dakota

Enel Green Power North America, Inc. (“EGPNA”), the US renewable energy company of the Enel Group, has started construction of the 299-MW Aurora Wind Farm in North Dakota.

Read more

Industry News

Governor Issues Order to Increase New Jersey's Offshore Wind Goal to 7,500 MW

LCG, November 20, 2019--The Governor of New Jersey yesterday signed an executive order to increase the offshore wind capacity goal to 7,500 MW by 2035 in order reach an overall goal of 100 percent clean-energy by 2050.

The Governor had previously set a goal to install 3,500 MW of offshore wind capacity by 2030, along with an executive order directing the development of an updated Energy Master Plan (EMP) for the State to achieve a goal of 100 percent "clean energy" by 2050. The New Jersey Renewable Energy Standard includes a 50 percent renewable energy requirement by 2030.

The Governor stated yesterday, "That's more than double the output. That's more investment. That's more jobs. That's more clean energy. When we meet this goal, our offshore winds will generate enough electricity to power more than 3.2 million New Jersey homes. We will meet half of our electric power need. We will generate billions of dollars in investments in our state's future that will, in turn, generate thousands of union jobs."

In June, the New Jersey Board of Public Utilities (NJBPU) announced that it had selected Ørsted's Ocean Wind proposal for the State's first offshore wind project. The 1,100-MW Ocean Wind project is located 15 miles off the coast of Atlantic City. Subject to permitting and final investment decision, Ocean Wind is expected to be commissioned in 2024.

The Governor of New Jersey is not alone in using an executive order to drive investments in offshore wind and other renewable resources. The Governor of Virginia signed an executive order in September that sets forth Virginia's objectives for statewide production of electricity. The Virginia executive order calls for 30 percent of Virginia's electric system to be powered by renewable energy resources by 2030, and 100 percent of Virginia's electricity to be produced from carbon-free sources such as wind, solar and nuclear by 2050. The plan requires at least 3,000 MW of solar and onshore wind are under development by 2022, and that up to 2,500 MW of offshore wind are fully developed on an accelerated timeline by 2026.
Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service