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

Oklahoma May Slow Dereg Pace

LCG, Feb. 20, 2001The Oklahoma state House Energy and utility Regulation Committee was to consider a bill today that would make the beginning of electric deregulation in the Sooner State occur later.

The measure, introduced by Democrat Rep. Larry Rice, would extend the deadline for implementing electric deregulation from July 1, 2002, to Jan. 1, 2004. Rice was pretty sure the legislation would be moved to the floor of the Oklahoma House, "But you never know."

He'll get help from the other side of the aisle if it does. Rep. Larry Ferguson, chairman of the Republican Caucus' electric deregulation committee, said he his people favor delaying deregulation "until at least January 2004."

Ferguson added, "With all that's gone on in California and some other places, I think people are very suspicious of deregulation."

Oklahoma state Sen. Kevin Easley, who wrote the legislation that would start deregulation in 2002, said he didn't see a need for delay. He agreed the news from California was not reassuring, "But I feel like that's only because the success stories related to some of the other 20 states has not gotten out. It's easier to talk about the one failure than it is the 22 or 23 successes, starting with Pennsylvania and moving on down to Arizona."

Easley pointed out that California's problem was one of supply and demand and Oklahoma had the supply and would not see the power shortages that upset the applecart in California. Oklahoma has about 12,000 megawatts of installed capacity and another 9,000 megawatts under construction.

"We only have 13,000 megawatts that we use on our worst peaking day," Easley said.

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