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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

Steel Producers Object to Proposed Unit Tax on Power

LCG, July 31, 2000--A plan under consideration by the Ohio Legislature to impose a per-kilowatt-hour tax on electricity sales came under fire Friday from the Ohio Steel Council, an organization made up of some of the largest U.S. steel producers, the steelworkers union and the Ohio Legislature itself.

The plan is being reviewed by the legislatures Joint Legislative Committee on the Kilowatt-Hour Tax, composed of Ohio House and Senate members. The committee is to complete its report bySeptember 30. Electricity restructuring is scheduled by law to begin January 1 of next year.

In restructuring the electric industry in its state, Ohio reduced personal property and gross receipts taxes paid by utilities, in order to relieve state electric companies of a competitive disadvantage they would suffer in comparison to out-of-state firms participating in the Ohio electric market.

Those taxes had been passed along by utilities to their customers but now that the taxes themselves are being transferred to electricity users, the biggest customers want them based on dollar volume rather than kilowatt-hours. Thats because they pay a lot less per kilowatt-hour.

The Steel Council said in a statement "Ohio steel producers have no objection to paying the same proportionate share of electricity tax that they have been paying for years. However, the proposed tax based on kilowatt hours consumed could result in a considerable tax increase, unfairly penalizing large industrial consumers, such as steel."

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