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Freeport LNG Awards EPC Contract for Third Train at Texas Facility

LCG, March 27, 2015-CB&I yesterday announced that a joint venture (JV) between CB&I, Chiyoda International Corporation, and Zachry Industrial, Inc., was awarded a contract valued over $2 billion by FLNG Liquefaction 3, LLC (Freeport LNG) for the engineering, procurement and construction (EPC) of the third train of the three-train liquified natural gas (LNG) liquefaction and export facility on Quintana Island, near Freeport, Texas.

AEP Moves Another Step Closer to Retiring 4,400 MW of Coal-fired Generating Facilities by Summer

LCG, March 25, 2015--American Electric Power (AEP) will close six coal-fired power plants by the end of May, with four additional retirements scheduled by year-end. The plant closings are part of the utility's compliance plan for new Environmental Protection Agency EPA regulations, primarily the Mercury and Air Toxics Standard (MATS) rule that commence in June.

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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