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

Indiana House Votes for More Regulatory Muscle

LCG, Feb. 21, 2001Indiana utility regulators would be given more muscle with which to keep electric, natural gas, water and telephone companies in line under a bill approved by the state House yesterday be an 84-12 vote.

"Misbehavior exists, and we need to have intelligent ways to handle this misbehavior," said Rep. Scott Pelath, a Michigan City Democrat.

The measure would give the Indiana Utility Regulatory Commission authority to fine a utility that violates state law or refuses to comply with a commission order. Fines could range up to $25,000 for each day of continued "misbehavior," up to a maximum of $2.5 million in a month.

Do the arithmetic. If the worst the utility can do would cost it $25,000 a day, it would take a 100-day month to reach the cap.

Under present rules, Indiana regulators can fine a utility only $1,000 per day, and must get county prosecutors to handle the fines for them.

Republican House leader Brian Bosma said that the bill is reactionary and represents "everything that's wrong with the legislative process." He said the amount of the fines were much higher than surrounding states and that "big fines aren't necessarily the answer."

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