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

California Power Producers Didn't Hold Back, FERC Says

LCG, Feb. 5, 2001Charges that California's independent power producers deliberately shut down plants with the objective of driving up the price of electricity are unfounded, according to a report released Friday by the Federal Energy Regulatory Commission.

"FERC staff did not discover any evidence suggesting the audited companies were schedulingmaintenance or incurring outages in an effort to influence prices," the report said.

"Rather the companies appeared to have taken whatever steps necessary to bring the generating facilities back on-line as soon as possible by accelerating maintenance and incurring additional expenses," the study continued. "Also, the outages did not correlate to the movement of prices on any given day."

An investigation had been demanded by California regulators seeking a reason for the power shortages which have gripped the state since last spring.

FERC said its investigators found that many plants were shut down as a result of their owners keeping them running earlier in the year when the state's transmission operator first began to feel the impact of power shortages.

Jan Smutny-Jones, executive director of the power producers' trade group, said Friday "Hopefully, today's FERC report will quiet those who have tried to blame the producers for the crisis, when in fact we have been and continue to be an important part of the solution to California'senergy woes."

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