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DOE Issues Final Loan Guarantees for Vogtle Nuclear Power Project

LCG, June 25, 2015-The Department of Energy (DOE) announced yesterday that it will issue $1.8 billion in loan guarantees to three subsidiaries of the Municipal Electric Authority of Georgia (MEAG Power) to support the construction of two advanced nuclear reactors at the Alvin W. Vogtle Electric Generating Plant, located in Georgia near the South Carolina border. The new units, Units 3 and 4, are expected to commence operations in 2019 and 2020, respectively.

Opening Ceremony Held for the 576-MW Gwynt y Môr Offshore Wind Farm

LCG, June 19, 2015-The inauguration ceremony for the world's 2nd largest offshore wind farm, Gwynt y Môr, occurred yesterday, with an official dedication by Carwyn Jones, First Minister of Wales. The wind farm, located eight miles offshore in Liverpool Bay, includes 160 wind turbines with a combined electric generating capacity of 576 MW. The $3.3 billion wind farm investment is shared by RWE (60 percent) and its partners in Gwynt y M?r, Stadtwerke M?nchen (30 percent) and Siemens (10 percent).

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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