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

Southern Unit Plans 320 Megawatts for Virginia

LCG, Feb. 13, 2001Mirant Corp., the former Southern Energy and still a subsidiary of The Southern Co., said yesterday it wants to build a 320 megawatt natural gas-fired power plant in Danville, Va.

The proposed facility would consist of four 80 megawatt simple-cycle units that could be expanded to 870 megawatts total output with the addition of heat recovery steam generators and conversion to combined-cycle operation.

Rick Pershing, chief executive officer of Mirant Americas, said "The Danville area needs new plants, and these gas-fueled turbines represent one of the cleanest ways to make electricity on a commercial scale."

Danville Mayor John Hamlin was enthusiastic. "This investment would create a myriad of benefits for Danville's future -- significant new tax revenue, high quality jobs, economic diversification, electric generation capacity, natural gas capacity," he said.

Mirant said the plant would initially be a peaking facility, meaning it would be used only during periods of great demand when the electricity produced would fetch the highest prices. Conversion to a combined-cycle configuration would occur if the company determines that the power plant is needed for its day-to-day electricity production needs.

The new facility would be built on about 67 acres in a Danville industrial park. Depending on receipt of state and local permits, Mirant expects commercial operation to begin in 2003 or 2004.

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