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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

AES to Buy Second Ukraine Electric Distributor

LCG, May 3, 2001--AES Corp. said this morning that it has won a bid for about $23.2 million to purchase a 75 percent controlling interest in Rivenoblenergo, the electric distribution company that serves the Rivno region of Ukraine, about 125 miles from the capital city of Kiev.

Rivenoblenergo, which serves about 383,000 customers, is one of six distribution companies that are being privatized this spring by the Ukrainian government. The remaining 25 percent of the business is either publicly traded or owned by employees of the company.

AES said completion of the deal is subject to execution of a sale and purchase agreement.

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