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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

California Capsule: Transmission Takeover Talks Stall

LCG, Feb. 23, 2001Talks between representatives of California Gov. Gray Davis and officials of the state's three investor-owned utilities aimed at finding a way for the state to take over transmission facilities belonging to the cash-strapped companies have stalled with no resolution in sight.

No reason has been given for the impasse, but state sources have said the transmission system might cost the taxpayers $3 billion and industry sources have put the value of the grid at closer to $9 billion.

The wires takeover is part of Davis' plan to save the utilities from insolvency by giving them a cash infusion in exchange for their 75 percent of the state's power grid. Another element of the plan would have the companies issue $10 billion in bonds that is, take on more debt and be paid back by ratepayers over the next few decades.

"These are complicated problems that will not be solved overnight," said Pacific Gas & Electric Co. spokesman Ron Low yesterday. "There are clearly some issues where we are very far apart."

And the pot continues to bubble:

  • The California Department of Water Resources, which has emerged as the only purchasing agent with enough money for power producers to talk to, had hoped to get a ruling yesterday from the California Public Utilities Commission that PG&E and the state's two other investor-owned utilities would be responsible for the cash the water people are spending in the spot power market. The CPUC voted not to add the item to the agenda for yesterday's meeting. The matter may be taken up at the commission's regular meeting on March 7.

  • Mirant Corp., the former Southern Energy subsidiary of Georgia-based The Southern Co. and to California politicians a despised "out-of-state" power producer, said yesterday it sensed a growing consensus in Sacramento and among utility experts that consumers must pay more for electricity for the state to get out of its power problems. "Everyone is beginning to realize that the quickest and simplest way out of this situation is to stop shielding consumers from paying the true cost of the energy they use," said Randy Harrison, chief executive of Mirant's western U.S. operations.

  • The Williams Cos., which markets electric power in California, said yesterday it had signed a 10-year, fixed price agreement to supply up to 1,400 megawatts of power to the California Water Resources Board at an undisclosed price. Added to a similar 1,000 megawatt contract signed between Calpine Corp. and the state on February 7, it gives the water people about 5 percent of the power it needs to cover a hot day in the parts of the state served by the three utilities.

  • Things were looking so good for the California Independent System Operator yesterday that it didn't declare a power alert of any sort no Stage 3 with the possibility of blackouts, no Stage 2 with orders to curtail power delivery to customers with interruptible service contracts, no Stage 1 with pleas to householders to use their clothes dryers at midnight. It was the first "all clear" since January 13.

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