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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

Tucson Electric Vows to Serve Arizona First

LCG, Feb. 7, 2001While Arizona regulators are willing to believe that the state's utilities might forsake their service territory customers and sell electricity in the soaring Western wholesale power market in order to make a quick buck, Tucson Electric Power Co. says "fuhgeddit."

"We would not withhold power from the Tucson market and sell it wholesale," said TEP spokesman Steve Lynn. "We would never do that." The company will serve its customers first, he said. "We don't have a hard-and-fast regulation that says we must, but there is no doubt in our minds that our first obligation is to the people on our system."

Lynn's assurances came after Jim Irvin of the Arizona Corporation Commission, the state agency that oversees utilities, said that while under old regulations, utilities were required to serve all of the customers in their service territory, under the competitive environment, launched statewide January 1, any assurance to serve as a supplier of last resort went out the window.

"Yes, they can sell power on the open market, go for the big money, and hopefully not run out ofpower," Irvin said. "Technically, potentially there is nothing to stop them."

That got other commissioners aroused and in an "over my dead body" mode. "As long as I have a say over it, utilities will continue to supply the customers, and Arizona will come first," commissioner Marc Spitzer said.

But Lynn says the commissioners' worries are unfounded. "In the long haul, shareholders would not be happy if we didn't keep our customers happy," he said. "There is no question that the shareholders, many of whom are our customers, and regulators and others, would not be happy with us if that is the way we did business."

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