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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

Four Big Utilities to Form Internet Transmission Market

LCG, July 18, 2000--Four major electric utilities yesterday announced plans to launch an independent, Internet-based electric transmission exchange that offers a single gateway, or portal, for arranging transmission capacity.

American Electric Power Co. Inc., Carolina Power & Light Co., Duke Energy Corp. and Unicom Corp. said they would introduce "an easier, faster way to reserve, schedule and move wholesale energy."

The companies said the transmission exchange will be open for use by any group in the energy industry, including power marketers, merchant generators, electric utilities, municipalities, electric cooperatives and energy aggregators. The also expect independent system operators and other regional transmission organizations to use the exchange.

Currently, transmission providers frequently use a commercial bulletin board called an Open-Access Same-Time Information System, or OASIS, to post approved transmission reservations and available transfer capacity. More than 170 OASIS sites exist across the United States and multiple transactions are often required before a customer can ultimately move energy.

"The OASIS systems in operation today are almost four years old, difficult to use, and are limited interms of the information that can be posted on them," said Vito Stagliano, vice president of transmission policy, planning and service with Unicom. "This venture will develop a next generation system marketable to newly forming regional transmission organizations that are expected to emerge as a result of FERC Order 2000."

The companies said the transmission exchange is in the formative stages, focused on defining what it will offer and selecting the technical means to put it together. The Boston Consulting Group has been selected to assist in the development of the exchange and the selection of the technology provider.

If all goes well, the new transmission exchange would become operational by the end of this year.

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