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AEP Will Proceed with North Central Wind Projects Despite Texas Commission Denying Approval

LCG, July 8, 2020--American Electric Power (AEP) announced last Thursday that, following the PUC of Texas not approving AEP subsidiary Southwestern Electric Power Co.'s (SWEPCO) plan to add 309 MW of wind energy to serve Texas customers, AEP will proceed to acquire the entire planned 1,485 MW of North Central wind projects.

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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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Industry News

Panda Plans 1,070 Megawatt Illinois Merchant Plant

LCG, Sept. 14, 2000Panda Energy International Inc. said yesterday it would build a 1,070 megawatt merchant power plant on the outskirts of Mount Vernon, Ill., about midway between St. Louis and Evansville, Ind. on I-64.

Construction on the $350 million natural gas-fired, combined-cycle facility is scheduled to begin in early 2002 with commercial operation beginning in late 2003. Panda will sell the plant's output in the wholesale market through an interconnection with a Mount Vernon substation.

Illinois Gov. George Ryan welcomed the plant, noting there is an increased demand for energy. "Iwelcome Panda Energy's contribution to our state's growth and development," Ryan said. "Inaddition, this plant will provide a much needed tax base that will help improve facilities for the localschool district."

The plant will add several million dollars in taxes to the community and will make $3 million to $5million in local purchases each year it is in operation, according to Garry Hubbard, a Panda senior vice president.

Hubbard said about 500 jobs and an estimated payroll of $50 million will be created during an 18-month construction period. Once the plant is operational, 46 full-time jobs will open with an annual payroll of $2 million to $3 million. In addition, 100 off-site support jobs will be created.

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