JEA Board Approves Transaction with FPL to Close 848-MW Coal Unit in Georgia

LCG, June 30, 2020--The JEA Board of Directors in a special meeting last Friday unanimously approved a transaction that will result in closing an 848-MW unit at Plant Scherer and entering into a 20-year purchase power agreement (PPA) with Florida Power & Light Company (FPL).

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Analysis of Resource Adequacy in ERCOT - July - December 2020

LCG, June 30, 2020 - LCG Consulting just released its analysis of ERCOT for the second half of 2020, July through December.

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Industry News

AES to Power Congo Magnesium Project

LCG, Sept. 13, 2000A Canadian company that refines magnesium and AES Corp., the big U.S. independent power producer, have signed an agreement for an AES subsidiary to take care of the energy end of a project to develop a magnesium project in West-Central Africa.

William B. Burton, president and chief executive of Magnesium Alloy Corp. of Nova Scotia, said in a statement yesterday that AES Sirocco would be responsible for the entire energy program, beginning with feasibility studies and continuing through construction and operation of energy facilities.

Magnesium Alloy is in the early stages of development of the Kouilou Magnesium Project at Pointe-Noire in the Republic of Congo. The project will produce magnesium metal and alloys at what is said to be one of the world's richest magnesium salt deposits.

The Republic of Congo is a portion of the former French Equatorial Africa. It is frequently confused with the Democratic Republic of the Congo which is the former Belgian Congo and was called Zaire for a time. Neither country can be considered politically stable.

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