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).

Read more

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.

Read more

Industry News

Energy East to Buy RGS Energy for $1.4 Billion

LCG, Feb. 20, 2001Energy East Corp. said this morning it had agreed to acquire RGS Energy Group Inc. for $1.4 billion in cash and stock, in a move that could help Energy East live up to its billing as a "super-regional" energy company.

The acquisition would create a company with $5 billion in annual revenues and close to $10 billion in assets. The combination of Energy East's New York State Electric & Gas Co. and RGS' Rochester Gas & Electric Co. would give it nearly 3 million customers.

Directors of both companies have approved the transaction, which Energy East will record as a purchase. Regulatory approvals are expected to take about a year.

The two operating utilities' service territories have about 200 miles of contiguous border which is expected to produce about $50 million in annual savings. The new company would have operations in upstate New York, Connecticut, Maine, Vermont and Massachusetts.

Under the deal, RGS Energy shareholders would receive the equivalent of $39.50 for each share of RGS stock they own, a 19 percent premium over Friday's closing price on the New York Stock Exchange. RGS shareholders could select how they want the deal handled so long as the overall ratio of cash to stock is 55 to 45.

Copyright © 2020 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Daily LMP Forecast for ERCOT
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service