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

Millstone 3 Nuclear Plant Runs 585 Days at 99.9 Percent

LCG, June 5, 2001As Northeast Utilities' 1,154 megawatt Millstone Unit 3 nuclear power plant coasted down for a refueling outage Saturday, the company said that the once-troubled plant had operated for a record 585 continuous days and had turned in a capacity factor of 99.9 percent over that period.

In the early 1990s, cost-cutting was the by-word at Northeast's nuclear plants, with the result that its Connecticut Yankee plant in Haddam Neck, Conn., had to be permanently shuttered and its three-reactor Millstone complex near Waterford, Conn., was shut down at a cost to the utility of more than a billion dollars.

The nuclear "culture" at Northeast changed in 1997 when Michael G. Morris replaced Bernard M. Fox as chief executive and Bruce D. Kenyon, a no-nonsense former nuclear Navy officer was installed as president of the utility's nuclear operations.

Millstone Unit 1 was adjudged too costly to fix, but Unit 2, an 871 megawatt reactor, and Unit 3 were brought back up to standard and restarted. Together, those two units produced 16.4 billion kilowatt-hours of electricity in 2000, Northeast said.

Last August, Dominion Resources Inc. agreed to purchase Millstone for $1.3 billion. That transaction is expected to be completed sometime in April.

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