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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

Maharashtra State Pays Enron India $17 Million

LCG, Feb. 13, 2001Enron Corp. managed to extract yesterday from India's Maharashtra state payment for the state's electricity board's November bill, a sum of $17 million, the United News of India reported.

It was a grueling, three-step process. First, Enron India asked the Maharashtra State Electricity Board, a government-owned utility, to pay for November's power purchased from Dabhol Power Co., a power plant of which Enron owns 65 percent and the MSEB 15 percent. That didn't work.

Then, Enron invoked the guarantee of the state of Maharashtra. The state ignored the company's petition.

Finally, Enron invoked the sovereign guarantee of the federal government of India. That got some attention. New Delhi didn't want to pay the bill, which would set a bad precedent, so it leaned on the state of Maharashtra to force its electricity board to pay up.

Officials of Maharashtra's state government know well that the MSEB can't pay its bills, so the state was forced to step in and pay Enron the $17 million.

That's pretty much how it worked for October's bill, too, and will likely work for December's which is past due and January's which is still current.

The Indian government has made no secret of its desire to attract foreign investment to its power sector. It is also no secret that four major companies, firms with less patience than Enron, have pulled out of power projects in India.

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