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

Iowa Power Plant Legislation Dies

LCG, May 9, 2001The Iowa House adjourned yesterday on the 121st day of the 2001 session at 5:49 p.m. and the Senate followed at 6:30 p.m. Dying with the session was legislation aimed at making the state self sufficient in electric power generation.

Republican leaders said they were not able to round up enough votes in the state Senate's last hours to pass a bill sought by utility companies that would have encouraged the building of more power plants in Iowa.

Christopher Rants of Sioux City, Majority Leader of the Iowa House, had said earlier "If we don't get it done, we're closer to having rolling blackouts in this state."

Supporters of the bill, which would have removed many restrictions on joint financing of plants by municipal utilities, charged that special-interest groups were spreading false information in an attempt to discredit the proposal, and they may have something.

Critics raised environmental concerns and warned that the legislation could set the stage for the closing of existing plants in favor of higher-profit new plants. They also questioned a provision allowing the state's two largest investor-owned utilities to buy energy on contract from an affiliate that owns the new plant and sells at unregulated wholesale prices.

State Sen. JoAnn Johnson, chairwoman of the Iowa Senate Commerce Committee, conceded that prices will increase as more plants are built, but warned that consumers will pay a much steeper price for their electricity if steps aren't taken now to provide Iowa with a dependable power supply in the future.

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