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

Philly Gas Works asks for $64 Million Rate Cut

LCG, May 4, 2001--The Philadelphia Gas Works, the big municipal natural gas utility in the City of Brotherly Love, said yesterday it has filed a request with the Pennsylvania Public Utility Commission to lower gas cost rate. The reduction could result in nearly $64 million in savings for its more than 500,000 customers in the city.

The gas cost rate is a separate charge on Philly Gas Works' customers' bills that reflects the blended cost of natural gas that the utility pays to its suppliers. That cost is passed on to customers without any profit added to it, the gas works said.

The utility is proposing to lower the gas cost rate from $6.6959 to $5.5959 per one thousand cubic feet on September 1.

"This should result in an annual savings of about $110, more than seven percent, for the typical Philadelphia Gas Works residential home heating customer," said Thomas Knudsen, interim chief financial officer.

"This is great news for our customers," he continued. "It indicates that the supply of natural gas isimproving following a tough winter. Additionally, Philadelphia Gas Works is saving by buying and storing reserves at lower market prices and passing those savings on to our loyal customers."

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