AEP Will Proceed with North Central Wind Projects Despite Texas Commission Denying Approval

LCG, July 8, 2020--American Electric Power (AEP) announced last Thursday that, following the PUC of Texas not approving AEP subsidiary Southwestern Electric Power Co.'s (SWEPCO) plan to add 309 MW of wind energy to serve Texas customers, AEP will proceed to acquire the entire planned 1,485 MW of North Central wind projects.

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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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Industry News

EdF to Boost Stake in Argentina's Edenor

LCG, Feb. 26, 2001Electricit de France subsidiary EDF International will purchase additional ownership interest in Argentine electric distribution company Edenor from Spanish utility Endesa and petroleum company Repsol-YPF, the European companies said separately this morning.

Edenor is one of two electric distribution companies serving Buenos Aires, Argentina's largest city. It and Edesur, which is also party owned by Endesa, serve about 14 million people. The Argentine government has ruled that Endesa must sell its stake in one or the other in order to ensure competition.

EDF International will buy all of the ownership interest in Edenor presently held by Endesa Internacional and Astra Capsa, Repsol's Argentine subsidiary. The deal will increase EdF's interest from 32 percent to 81 percent.

The agreement announced today will begin a 30-day negotiation process between the companies. The transaction will be subject to approval by directors of all three companies and by French and Argentine government regulators.

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