Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

LCG, August 6, 2020—J-Power USA Development Co, a subsidiary of the Electric Power Development Co. headquartered in Tokyo, has joined a joint venture to develop a 400 MW Texas solar project.

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Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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Industry News

SDG;E Asks State to Release Customer Funds

LCG, July 17, 2000--San Diego Gas & Electric Co. on Friday filed a request with theCalifornia Public Utilities Commission to accelerate the return of $100 million in customer money from a CPUC-controlled transition cost balancing account, which the utility would pass on to its customers who have seen their electric costs double since May.

The utility said release of the funds would decrease August and September residential electric bills by $17 a month. This, combined with the checks most SDG&E customers will receive next month, would result in a total of about $500 million being returned to them in August and September which amounts to nearly $300 for the typical residential customer.

The company said that under Fridays proposal, all SDG&E customers would benefit from a bill reduction of about 3.5 cents per kilowatt-hour.

"We continue to be concerned about the impact high energy prices from the California PowerExchange are having on our customers and we are working to mitigate this impact as much aspossible," said Edwin A. Guiles, president of SDG&E. "Our customers need relief and we arehopeful the CPUC will act quickly to accelerate the return of this money to them."

SDG&E is also promoting a so-called "level-pay" program to all customers, which affords the opportunity to even out electricity payments over the year. Customers on the program will see bills this summer that are comparable to those they got last summer, the company said.

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