Virginia Governor Signs Executive Order to Drive Renewable Energy Installations

LCG, September 18, 2019--The Governor of Virginia signed an Executive Order 43 yesterday setting statewide goals for clean energy deployment and expands upon the Commonwealth's commitments to reduce the environmental impact, mitigate the impacts of climate change, and boost the clean energy economy in Virginia.

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Los Angeles Moves A Step Closer to Approving Huge Solar with Battery Storage Installation

LCG, September 12, 2019--The Los Angeles Department of Water and Power (LADWP) Board of Commissioners unanimously approved a plan on September 10 to install a 300-MW/1,200-MWh battery energy storage system (BESS) located at 8minute Solar Energy's (8mSE) Eland Solar and Storage Center.

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Industry News

Bonneville to Increase Rates

LCG, Sept. 5, 2000Citing high prices and higher customer demand, Bonneville Power Administration said on Friday it was "forced" to alter its proposed power rates for the next five years. Cutting through the federal agency's casuistry, that means it will extract more money from its customers.

Bonneville said in a news release it "intends to revise the Cost Recovery Adjustment Clause (CRAC) of its 2002-2006 rates so the agency can strengthen its ability to cover its costs over the 2002-2006 rate period." The agency added that it "is not proposing an increase in its basic power rates for the five-year rate period and does not expect to make any change in its basic rates or the CRAC in the first year." That sounds like rates won't change until 2003, but after that look out.

"Our intent is to limit the scope of the modifications primarily to a revision of the Cost RecoveryAdjustment Clause to make it more robust in years two through five of the rate period," explainedJudi Johansen, Bonneville administrator.

What's happening is, electricity consumers in Bonneville's market are trying to hedge against higher power prices by contracting for the agency's cheap federal power and Bonneville keeps signing the contracts even though it doesn't produce enough of that cheap power. So it has to go into the market and buy power and the whole concept of federal power takes a beating.

Bonneville's proposal is an adjustment to a current rate filing it made with the Federal Energy Regulatory Commission earlier this year. Johnson said the agency's customers "are asking for possibly 1,400 average megawatts more than we anticipated in the rate case. Had we stayed with our original rate proposal, the amount of power purchases we would have had to make at the prices we might very well see over the next five years, would have put our financial stability at risk."

Confident in the outcome, Bonneville will go on signing contracts until October 31.

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