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Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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PG&E and Tesla Commence Construction on the Moss Landing Battery Energy Storage System

LCG, July 30, 2020--PG&E and Tesla have commenced construction of the 182.5-MW lithium-ion battery energy storage system (BESS) at PG&E's electric substation in Moss Landing in Monterey County, California.

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Industry News

Idaho Power to Boost Electric Rates 23 Percent

LCG, May 2, 2001--The Idaho Public Utilities Commission yesterday granted the largest electricity rate hike in the history of Idaho Power Co. and there may be another increase in rates this summer. The new rates will take effect immediately.

In a unanimous ruling, the PUC gave Idaho Power permission to collect $168.3 million of the $227.4 million the company had asked for in its annual power cost adjustment filing, essentially boosting overall rates by about 25 percent.

Idaho Power chief executive Jan Packwood acknowledged "This is one whopping rate increase," but noted that the bulk of the increase about three-quarters of it was to cover the high costs of wholesale power which have soared as a result of the deregulation fiasco in California.

"We understand this will create hardships for some people," Packwood said. "It certainly will have ramifications for the Idaho economy as well."

The PUC will hold hearing again this summer to see if another rate hike is justified, and it could be, given the expected high cost of wholesale power likely to result when California tries to avoid rolling blackouts by having state agencies purchase power in the spot market.

"I hope everyone recognizes by now that we are in the midst of an unprecedented energy crisis, and during such times it is essential that rates for customers not be set artificially low," Packwood said. "We anticipate that prices will remain high throughout this year and into next. It is in no one's interest ifwholesale prices are sky-high and not reflected in the actual prices that customers pay."

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