New York Poised to Close Last Coal-fire Power Plant

LCG, December 4, 2019--The last operating coal-fired power plant in New York is moving toward closure shortly. Last month, Somerset Operating Company, a subsidiary of Riesling Power LLC, submitted a request to the New York State Public Service Commission (NYSPSC) to waive the state's required, 180-day notice to close the Somerset Station, allowing the facility to be retired on February 15, 2020. Closure is contingent on approvals by both NYSPSC and the New York Independent System Operator (NYISO), which will evaluate if it will cause an adverse effect on grid reliability.

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Construction Commences on Enel’s Aurora Wind Farm in North Dakota

Enel Green Power North America, Inc. (“EGPNA”), the US renewable energy company of the Enel Group, has started construction of the 299-MW Aurora Wind Farm in North Dakota.

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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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