Entergy Announces Agreement to Sell Gas-fired Power Plant in New England

LCG, October 9, 2015-Entergy Corp. yesterday announced that its wholesale generation division, Entergy Wholesale Commodities, has entered into an agreement to sell its 583-MW Rhode Island State Energy Center to Carlyle Power Partners. The base sales price is approximately $490 million, subject to closing adjustments. The transaction is expected to close by the end of this year.

Xcel Energy Proposes Accelerating Retirement of Coal-fired Electric Generating Units in Minnesota

LCG, October 7, 2015-Xcel Energy announced on October 2 its proposal to accelerate the company's transition from coal-fired electric generation resources to generating resources with less carbon emissions by retiring two, coal-fired units at its Sherburne County Generating Plant (Sherco) in Becker, Minnesota

Industry News

Agriculture Group Backs PG&E Hydro Plan; Independent Power Producers Don’t Like It

LCG, Aug. 11, 2000--Lobbyists began choosing sides yesterday as the California Public Utilities Commission began studying a proposal by Pacific Gas & Electric Co. to transfer its hydroelectric facilities in the state to a newly created unit of its parent holding company PG&E Corp.

The proposal, reported here yesterday, had the backing of The Utility Reform Network (TURN), theCoalition of California Utility Employees (CUE), Agricultural Energy Consumers Association(AECA), California Retailers Association, Sonoma County Water Agency, and Tuolumne UtilityDistrict.

Director Michael Boccadoro of the AECA called the settlement agreement "an historic opportunity to guarantee that these resources are operated in a reliable, environmentally sound manner and toprovide electric customers with significant economic benefits."

But the owners of independent power plants are against the proposal. Jan Smutny-Jones, executive director of the Independent Energy Producers Association, said "The best way to protect the environment and ratepayers, and to foster a truly competitive electric market is through an open, conditioned auction of these generating assets."

When PG&E first proposed transferring ownership of the hydro facilities to an affiliate, the plan was dismissed as self-serving and concerns over market power were raise. So, the utility proposed that it auction its plants, just like it did with its fossil-fueled power plants. That raised concerns by environmentalists and others who wondered what would happen to Californias rivers when competing generation companies ran the hydro turbines full time.

This time around, PG&E says its proposal should satisfy both environmentalists and free-market competitors.

As the sainted Noah Webster said in his 1802 American Spelling Book, "It makes a difference whose ox is gored."

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