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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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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

Indiana Township Considers 800 Megawatt Proposal

LCG, Sept. 20, 2000Benton Township, a community near South Bend, Ind., has scheduled four public meetings to learn if its citizens want to go forward with a proposed merchant power plant that would cost between $300 million and $400 million to build.<>P>
William Martin, president of CME North American Merchant Energy, announced the project yesterday afternoon at the Benton Harbor offices of Cornerstone Chamber of Commerce. He then explained the project last night to the Benton Township board of trustees.

CME hopes to build an 800 megawatt, natural gas-fired plant in an industrial park. Martin said the project would employ up to 300 skilled workers during construction and provide about 25 full-time jobs once completed. Commercial operation could be achieved by 2003.

Martin said the output of the plant would be sold into the regional wholesale electricity market and would be delivered over transmission lines owned by American Electric Power Co.

The site preferred by CME is in a so-called "Renaissance Zone," meaning the power plant's owners would pay no real estate or personal property taxes. However, Martin pointed out, the plant would purchase 4 million to 6 million gallons of water daily from the city of Benton Harbor and would have a $2 million annual payroll.

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